UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM U5S
ANNUAL REPORT
For the Year Ended December 31, 2001
Filed pursuant to the Public Utility Holding Company Act of 1935 by
by
EXELON CORPORATION
10 South Dearborn Street
37th Floor
Chicago, Illinois 60603
PECO ENERGY POWER COMPANY
2301 Market Street
Philadelphia, Pennsylvania 19101
EXELON VENTURES COMPANY, LLC
10 South Dearborn Street
37th Floor
Chicago, Illinois 60603
EXELON GENERATION COMPANY, LLC
300 Exelon Way
Kennett Square, Pennsylvania 19348
EXELON ENERGY DELIVERY COMPANY, LLC
10 South Dearborn Street
37th Floor
Chicago, Illinois 60603
1
Table of Contents
ITEM NUMBER DESCRIPTION PAGE NUMBER
1 System Companies and Investments therein 4
as of December 31, 2001.
2 Acquisitions or Sales of Utility Assets 7
3 Issue, Sale, Pledge, Guarantee or Assumptions 7
Of System securities
4 Acquisition, Redemption, or Retirement of 7
System Securities
5 Investments in Securities of Nonsystem Securities 8
6 Officers and Directors 9
7 Contributions and Public Relations 17
8 Service, Sales and Construction Contracts 17
9 Wholesale Generators and Foreign Utility Companies 17
10 Financial Statements and Exhibits 20
2
Glossary of Defined Terms
AmerGen AmerGen Energy Company, L.L.C.
ComEd Commonwealth Edison Company
Commission Securities and Exchange Commission
Exelon Exelon Corporation
Exelon Delivery Exelon Energy Delivery Company, LLC
Exelon Enterprises Exelon Enterprises Company, LLC
Exelon Ventures Exelon Ventures Company, LLC
ExTex ExTex LaPorte Limited Partnership
Financing U-1 The Form U-1 Application/Declaration filed by
Exelon Corporation in File No. 70-9693
Genco Exelon Generation Company, LLC
Merger U-1 The Form U-1 Application/Declaration filed by
Exelon Corporation in File No. 70-9645
N/A Not applicable or not available
PECO PECO Energy Company
PEPCO PECO Energy Power Company
Power Holdings Exelon Power Holdings, LP
PETT PECO Energy Transition Trust(a subsidiary of PECO)
Sithe Sithe Energy, Inc.
SECO Susquehanna Electric Company
Unicom Unicom Corporation
Ventures Exelon Ventures Company, LLC
3
ITEM 1. SYSTEM COMPANIES AND INVESTMENTS THEREIN as of December 31, 2001.
Number of
Common Shares % Voting Owner's Book
Name of Company Owned Power Value ($000)
- ----------------------------------------------------------------------------------------------------------
Exelon Corporation 100%
(Affordable Housing Investments) N/A N/A 98,225
Boston Financial Institutional Tax Credit Fund X N/A 11% N/A
Related Corporate Partners IV, L.P. N/A <5% N/A
Boston Financial Institutional Tax Credit Fund XIX N/A 14% N/A
Related Corporate Partners XII, L.P. N/A 36% N/A
Boston Financial Institutional Tax Credit Fund XIV N/A 44% N/A
Boston Financial Institutional Tax Credit Fund XXI N/A 27% N/A
Related Corporate Partners XIV, L.P. N/A 16% N/A
Summit Corporate Tax Credit Fund II N/A 33% N/A
USA Institutional Tax Credit Fund XXII N/A 30% N/A
Exelon Business Services Company 100 100% N/A
Unicom Assurance Company Ltd. * N/A 100% (3,071)
Exelon Energy Delivery Company, LLC N/A 100% 8,200,143
Commonwealth Edison Company 127,02,904 99.9% 6,013,293
Commonwealth Edison Company of Indiana, Inc. 1,108,084 100% 18,908
ComEd Financing I N/A 100% 15,359
ComEd Financing II N/A 100% 8,824
ComEd Funding, LLC N/A 100% 70,464
ComEd Transitional Funding Trust N/A 100% 70,464
Commonwealth Research Corporation 200 100% 200
Edison Development Company 741 100% 17,058
Edison Development Canada Inc. 15,158 100% 5,367
Edison Finance Partnership N/A 100% 9,453
PECO Energy Company 170,478,507 100% 460,194
PECO Energy Capital Corp. 1,000 100% 17,656
PECO Energy Capital, LP N/A 3% 13,915
PECO Energy Capital Trust II * N/A 100% 0
PECO Energy Capital Trust III * N/A 100% 0
PECO Energy Transition Trust N/A 100% 83,212
ExTel Corporation, LLC N/A 100% (4,045)
PECO Wireless, LP N/A 99% PECO; (400,473)
N/A 1% ExTel (4,045)
ATNP Finance Company N/A 100% 4,647,056
PEC Financial Services, LLC N/A 100% 23,690
Adwin Realty Company 1,000 100% 24,069
Ambassador II Joint Venture N/A 50% 1,000
Bradford Associates N/A 50% N/A
Franklin Town Towers Associates N/A 50% N/A
Henderson Ambassador Associates N/A 50% N/A
East Coast Natural Gas Cooperative, LLP N/A 41.12% 536
Horizon Energy Company 1,000 100% N/A
Unicom Investment Inc. 100 100% (172,604)
Scherer Holdings 1, LLC N/A 100% 51,212
Scherer Holdings 2, LLC N/A 100% 26,120
Scherer Holdings 3, LLC N/A 100% 77,327
Spruce Holdings G.P. 2000, LLC N/A 100% 1,925
Spruce Holdings L.P. 2000, LLC N/A 100% 190,595
Spruce Equity Holdings, L.P. N/A 1% Spr GP; 192,520
N/A 99% Spr LP 1,925
Spruce Holdings Trust N/A 100% 192,520
Wansley Holdings 1, LLC N/A 100% 43,891
Wansley Holdings 2, LLC N/A 100% 22,832
Unicom Resources Inc. 100 100% (16,725)
Exelon Ventures Company, LLC N/A 100% 3,439,596
Exelon Generation Company, LLC N/A 100% 2,936,208
PECO Energy Power Company 984,000 100% 125,526
Susquehanna Power Company 1,273,000 100% 117,297
The Proprietors of the Susquehanna Canal (PSC) N/A 100% 0
Susquehanna Electric Company 1,000 100% 755
AmerGen Energy Company, LLC N/A 50% 112,686
AmerGen Vermont, LLC N/A 100% 0
Exelon Power Holdings, LP (1) N/A 99% Genco 690,781
N/A 1% Ventures 6,978
Exelon Fossil Holdings, Inc. N/A 100% 698,283
Sithe Energies, Inc. N/A 49.90% 725,007
Exelon Peaker Development General, LLC N/A 100% 620
ExTex LaPorte Limited Partnership N/A 1% EP Gen 621
N/A 99% EP Lim 61,452
Exelon Peaker Development Limited, LLC N/A 100% 66,302
Keystone Fuels, LLC N/A 20.99% 4,884
Concomber Ltd N/A 100% 1,200
Cenesco Company, LLC (2) N/A 100% 0
Exelon Allowance Management Company, LLC (3) N/A 100% 324
Exelon Generation Finance Company, LLC (4) N/A 100% 711,279
Penseco Company, LLC (5) N/A 100% 0
Port City Power, LLC (6) N/A 100% 0
Southeast Chicago Energy Project, LLC (7) N/A 100% 0
Exelon Generation Company International, Inc. (8) N/A 100% 0
Exelon Generation Canada Corporation (9) 1 100% 0
4
Exelon Enterprises Company, LLC 100 100% 625,500
UniGridEnergy, LLC (10) N/A 50% 200
CIC Global, LLC (11) N/A 50% 4,638
Adwin Equipment Company N/A 100% 2,964
Exelon Energy Company 100 100% (40,166)
Exelon Energy Ohio, Inc. 1,000 100% 12,412
AllEnergy Gas & Electric Marketing Company, LLC N/A 100% 13,897
Texas Ohio Gas, Inc. 100 100% (9,933)
Exelon Services, Inc. 100 100% 9,355
Exelon Services Federal Group, Inc. (12) 874 100% 7,544
Unicom Power Holdings, Inc. 100 100% (23,705)
Unicom Power Marketing, Inc. 100 100% N/A
Exelon Thermal Holdings, Inc. (13) 100 100% (163,287)
Northwind Chicago, LLC N/A 100% (8,254)
Exelon Thermal Development, Inc.(14) 100 100% (5,551)
Exelon Thermal Technologies, Inc. 100 100% (96,012)
ETT Boston, Inc. (15) 100 100% (4,977)
Northwind Boston, LLC N/A 25% (620)
ETT Houston, Inc.(16) 100 100% (1,979)
Northwind Houston, LLC N/A 25% 128
Northwind Houston, LP N/A 25% 8,345
ETT North America, Inc. (17) 10 100% (1,824)
Northwind Thermal Technologies Canada, Inc. 10 100% (2,191)
ETT Canada, Inc. (18) 10 100% (256)
Northwind Windsor 50% (1,039)
ETT National Power, Inc. (19) 100 100% (1,497)
Northwind Midway, LLC N/A 100% 1,130
ETT Nevada, Inc. (20) 100 100% (172)
Northwind Aladdin, LLC N/A 75% 10,567
Northwind Las Vegas, LLC N/A 50% (553)
ETT Arizona Inc. (21) 100 100% N/A
Northwind Arizona Development, LLC N/A 50% N/A
Northwind Phoenix, LLC N/A 50% N/A
Exelon Communications Holdings, LLC N/A 100% 184,369
AT&T Wireless PCS of Philadelphia, LLC N/A 49% 88,341
PHT Holdings, LLC N/A 100% 41,862
PECO Hyperion Telecommunications (GP) N/A 49% 46,103
Exelon Communications Company, LLC N/A 100% 39,736
Exelon Enterprises Management, Inc. N/A 100% 82,783
Exelon Capital Partners, Inc. N/A 100% 119,292
Exelon Enterprises Investments, Inc. N/A 100% 45,118
Enertech Capital Partners II N/A 6.08% 3,722
Kinetic Ventures Fund I, LLC N/A 22.22% 14,503
Kinetic Ventures Fund II, LLC N/A 14.30% 4,701
EEI Telecommunications Holdings, LLC (22) N/A 100% 41
ECP Telecommunications Holdings, LLC (23) N/A 100% 69,597
NEON Communications, Inc. N/A 10% 5,775
VITTS Network Group, Inc. N/A 20% 0
SoftComp, Inc. (PermitsNow) N/A 16% 2,295
OmniChoice.com, Inc. N/A 30% 5,792
Everest Broadband Networks N/A 15% 20,999
Energy Trading Company N/A 100% 98
InfraSource Inc. (24) N/A 94.5% 533,754
Trinity industries, Inc. 1 100% 11,893
Chowns Communication, Inc. 1 100% 12,311
VSI Group, Inc. 100 100% 19,885
Michigan Trenching Services, Inc. 250 100% 15,363
Blair Park Services, Inc. 50 100% 34,721
Infrasource Corporate Services, Inc. N/A 100% 3,304
Electric Services, Inc. 1,000 100% 8,054
Syracuse Merit Electric, Inc. 1 100% 16,190
M.J. Electric, Inc. 1,000 100% 148,578
Fischbach and Moore Electric, Inc. 1 100% 32,635
NEWCOTRA, Inc. 1 100% N/A
Fischbach and Moore, Inc. 1 100% 5,801
Fischbach and Moore Electrical Contractors, Inc. 1 100% N/A
T.H. Green Electric Co., Inc. 1 100% N/A
Sunesys, Inc. 3,000 100% N/A
Sunesys of Virginia, Inc. N/A 100% N/A
MRM Technical Group, Inc. 1 100% 122,408
Aconite Corporation 1 100% N/A
Gas Distribution Contractors, Inc. 1 100% N/A
Mid-Atlantic Pipeliners, Inc. 1 100% N/A
Mueller Distribution Contractors, Inc. 1 100% N/A
Mueller Energy Services, Inc. 1 100% N/A
Mueller Pipeliners, Inc. 1 100% N/A
Mechanical Specialties Incorporated 1 100% N/A
Rand-Bright Corporation 1 100% N/A
Dashiell Holdings Corporation 354,200 100% 74,833
Dacon Corporation 35,420 100% N/A
Dashie II Corporation 354,200 100% N/A
OSP Consultants, Inc. 30,000 100% 62,962
International Communications Services, Inc. 1 100% N/A
OSP, Inc. 1 100% N/A
OSP Services, S.A. de C.V. N/A 100% N/A
OSP Telecom, Inc. 1 100% N/A
OSP Telcomm de Mexico, S.A. de C.V. N/A 100% N/A
Utilities Locate & Mapping Services, Inc. 1 100% N/A
5
RJE Telecom, Inc. 1 100% N/A
Universal Network Services, Inc. N/A 49% N/A
Infrasource Integrated Services, Inc. 1 100% 2,839
EIS Engineering, Inc. 2,000 100% N/A
P.A.C.E Field Services, LLC N/A 100% 6,842
P.A.C.E Environmental, LLC N/A 100% N/A
EIS Investments, LLC. N/A 100% N/A
WCBS, LLC N/A 49% N/A
* Inactive company.
N/A Not applicable or Not Available.
Notes:
1. Exelon Power Holdings, LP was organized June 13 2001 under the jurisdiction
of Delaware to hold the equity interest in Exelon Fossil Holdings, Inc.
2. Cenesco Company, LLC was organized December 31, 2001 under the jurisdiction
of Delaware and formed to hold a general partnership interest in a uranium
enrichment partnership.
3. Exelon Allowance Management Company, LLC was organized November 8, 2001
under the jurisdiction of Delaware with regard to EPA emissions allowance.
4. Exelon Generation Finance Company, LLC was organized June 6, 2001 under the
jurisdiction of Delaware to hold Genco notes issued in June 2001.
5. Penseco Company, LLC was organized December 31, 2001 under the jurisdiction
of Delaware and formed to hold a general partnership interest in a uranium
enrichment partnership.
6. Port City Power, LLC was organized September 17, 2001 under the jurisdiction
of Delaware to hold a turbine plant being built in Illinois.
7. Southeast Chicago Energy Project, LLC was organized August 16, 2001 under
the jurisdiction of Delaware to hold a peaker plant being built in Illinois.
8. Exelon Generation Company International, Inc. was organized under the
jurisdiction of Pennsylvania to acquire, develop and hold international
interests.
9. Exelon Generation Canada Corporation was organized under the jurisdiction of
Nova Scotia to acquire Canadian assets.
10. UniGridEnergy, LLC formerly owned by Exelon Enterprises Management, Inc.
a subsidiary of Exelon Enterprises Company, LLC.
11. CIC Global, LLC formerly owned by Exelon Enterprises Management, Inc.
a subsidiary of Exelon Enterprises Company, LLC.
12. Exelon Federal Services Group name change from Systems Engineering and
Management Corporation, Inc.
13. Exelon Thermal Holdings, Inc. name change from UT Holdings, Inc.
14. Exelon Thermal Development, Inc, name change from Unicom Thermal
Development, Inc.
15. ETT Boston, Inc. name change from Exelon Thermal Technologies Boston, Inc.
16. ETT Houston, Inc. name change from Exelon Thermal Technologies Houston, Inc.
17. ETT North America, Inc. name change from Exelon Thermal Technologies North
America, Inc.
18. ETT Canada, Inc. name change from Unicom Thermal Technologies Canada, Inc.
19. ETT National Power, Inc. name change from UTT National Power, Inc.
20. ETT Nevada, Inc. name change from UTT Nevada, Inc. ETT Nevada filed for
bankruptcy under Chapter 11 of the Bankruptcy Code on April 4, 2002.
21. ETT Arizona Inc. name change from UTT Phoenix, Inc.
22. EEI Telecommunications Holdings, LLC was organized in 2001 under the
jurisdiction of Delaware to hold publicly traded investments.
23. ECP Telecommunications Holdings, LLC was organized in 2001 under the
jurisdiction of Delaware to hold non-publicly traded investments.
24. InfraSource Inc. name change from Exelon Infrastructures, Inc.
27. OSP Telcom de Columbia, LTDA liquidated in 2001.
28. OSP Telecommunications, Ltd. liquidated in 2001.
29. Dashiell Corporation liquidated in 2001.
6
30. Exelon Infrastructure Services of Pennsylvania, Inc. liquidated in 2001.
31. International Vital Solutions Group, Inc. liquidated in 2001.
32. Lyons Equipments, Inc. liquidated in 2001.
33. EIS Investments, LLC liquidated in 2001.
ITEM 2. ACQUISITIONS OR SALES OF UTILITY ASSETS
None.
ITEM 3. ISSUE, SALE, PLEDGE, GUARANTEE OR ASSUMPTION OF SYSTEM SECURITIES
Name of Issuer and Date and Authorization
Description of Issues Form of Transaction Consideration or Exemption
- --------------------- ------------------- ------------- --------------
(in thousands)
The following excludes information reported in Exelon's Rule 24 Certificate filings.
PETT 03/01/2001 Public Offering $805,460 Rule 52
PECO 11/01/2001 Private Placement $250,000 Rule 52
ITEM 4. ACQUISITION, REDEMPTION OR RETIREMENT OF SYSTEM SECURITIES
A. PECO
1. On March 1, 2001, PECO Energy Transition Trust refinanced $805 million
of floating rate Series 1999-A Transition Bonds through the issuance by
PETT of fixed-rate transition bonds. (exempt under rule 42)
2. On November 1, 2001, PECO issued, through a private placement, $250
million of its First and Refunding Mortgage Bonds, with an interest rate
of 5.95% and a maturity date of November 11, 2011. Proceeds from the
first mortgage bonds were used to repay a $250 million aggregate
principal amount of PECO's First and Refunding Mortgage Bonds having an
interest rate of 5.625% and a maturity date of November 1, 2001. (exempt
under rule 42)
3. During 2001, PECO retired, through a capital contribution from Exelon to
PECO, $121 million of PECO pollution control notes with an average
interest rate of 7.01%. (exempt under rule 42)
4. On November 14, 2001, PECO retired, with cash, upon maturity, its $38.5
million principal amount variable rate note. (exempt under rule 42)
B. ComEd
1. In the first quarter of 2001, ComEd retired $925,000 of its 3.125%
Sinking Fund Debentures and $89 million of its 5.29% Transitional
Funding Trust Notes. (exempt under rule 42)
2. In the second quarter of 2002, ComEd retired $81 million of its 5.29%
Transitional Funding Trust Notes, $1 million of its 2.875% Sinking Fund
Debentures, $381,000 of its 4.75% Sinking Fund Debentures, $1.5 million
of its 5.875% Pollution Control Obligations and $47,875 of its 3.0%
Purchase Contract Obligations. (exempt under rule 42)
7
3. In the third quarter, ComEd retired $1 million of its 3.875% Sinking
Fund Debentures, $368,000 of its 4.625% Sinking Fund Debentures and $84
million of its 5.34% Transitional Funding Trust Notes. (exempt under
rule 42)
4. In the fourth quarter of 2001, ComEd reacquired $196 million of its
First Mortgage 9.875% Bonds, Series 75 due June 15, 2020 and retired $86
million of its 5.34% Transitional Funding Trust Notes. (exempt under
rule 42)
ITEM 5. INVESTMENTS IN SECURITIES OF NON-SYSTEM COMPANIES AS OF
DECEMBER 31,2001.
- ----------------------------------------------------------------------------------------------------------------------
Carrying
Investor Investee Type Quantity Cost Value
- ----------------------------------------------------------------------------------------------------------------------
ComEd Chicago Equity Limited N/A $1,424,055 $1,424,055
Fund Partnership
ComEd Dearborn Park Common Shares 10,000 537,654 537,654
Corporation
ComEd I.L.P. Fund C/O Venture N/A 250,000 250,000
Chicago Capital Capital Small
Fund Business
Fund
Exelon Phoenix Foods, Aquaponic inner N/A 300,000 300,000
Enterprises LLC city farm.
Mgmt, Inc.
ECP Telecom Pantellos Common shares. 538,935 4,439,210 4,439,210
Holdings, LLC Corporation E-procurement
software and
systems
ECP Telecom Automated Preferred shares. 1,500,000 3,000,000 3,000,000
Holdings, LLC Power Internet based
Exchange, Inc. electricity
exchange.
Exelon UTECH Climate Venture capital N/A 12,279,747 12,279,747
Enterprises Challenge Fund, Investment.
Invest. Inc. LLC.
Exelon Capital Exotrope, Inc. Convertible N/A 500,000 500,000
Partners, Inc debentures.
Communication
carrier network.
Exelon Capital Clean Air Preferred shares. 5,000,000 5,000,000 5,000,000
Partners, Inc Partners, Inc. Retrofit diesel
engines to burn
clean fuels without
losing performance.
ECP Telecom Media Station, Preferred shares 214,286 1,500,000 1,500,000
Holdings, LLC Inc. plus warrants. 48,702
On-line interactive
Software.
ECP Telecom Corechange, Inc. Preferred shares. 2,291,242 4,500,000 4,500,000
Holdings, LLC Internet based
Interface to
access enterprise
Systems.
ECP Telecom Enerwise Global Preferred shares. 2,000,000 4,000,000 4,000,000
Holdings, LLC Technologies, Energy and facility
Inc. management through
software tools.
8
ECP Telecom Ikimbo, Inc. Preferred shares. 3,239,041 3,000,000 3,000,000
Holdings, LLC Instant
communication
solutions.
ECP Telecom Planalytics, Inc. Preferred shares. 1,425,178 5,999,999 5,999,999
Holdings, LLC Supply chain.
ECP Telecom SmartSynch, Inc. Preferred shares. 5,494,505 5,000,000 5,000,000
Holdings, LLC 2-way communications
with electric
meters.
Energy Trading WorldWide Web Common shares. 73,450 316,753 0
Company Networx Corp. Ecommerce, auctions
(WWWX) And supply chain
Energy Trading Entrade, Inc Common shares. 200,000 1,489,115 0
Company Proprietary
internet
transaction
technology
Exelon Corvis Corp. Common share 1,071,522 2,143,043 3,461,015
Enterprises Communications
Invest. Inc. Equipment.
- ----------------------------------------------------------------------------------------------------------------------
N/A Not applicable
ITEM 6. OFFICERS AND DIRECTORS - PART 1.
The positions of officers and directors of system companies as of December 31,
2001 were as follows:
Exelon Corporation
- ------------------
Board of Directors:
Edward A. Brennan
Carlos H. Cantu
Daniel L. Cooper
M. Walter D'Alessio
Bruce DeMars
G. Fred DiBona, Jr.
Sue Ling Gin
Richard H. Glanton
Rosemarie B. Greco
Edgar D. Jannotta
Corbin A. McNeill, Jr.
John M. Palms
John W. Rogers, Jr.
John W. Rowe
9
Ronald Rubin
Richard L. Thomas
Officers:
Corbin A. McNeill, Jr. Co-Chief Executive Officer and Chairman
John W. Rowe Co-Chief Executive Officer and President
Oliver D. Kingsley Jr. Executive VP
Pamela B. Strobel Executive VP
George H. Gilmore Senior VP
Ian P. McLean Senior VP
Randall E. Mehrberg Senior VP and General Counsel
Elizabeth A. Moler Senior VP, Government Affairs-Federal
Honorio J. Padron Senior VP
Gary S. Snodgrass Senior VP and Chief Human Resources Officer
Kenneth G. Lawrence Senior VP
Frank M. Clark Senior VP Communications and Public Affairs
Ruth Ann M. Gillis Senior VP and Chief Financial Officer
David W. Woods Senior VP
Linda C. Byus VP Investor Relations
Ellen D. Caya VP Audit
Jean Gibson VP and Corporate Controller
Paul E. Haviland VP Corporate Development
Robert K. McDonald VP Risk Management
J. Barry Mitchell VP and Treasurer
Katherine K. Combs VP and Corporate Secretary
David J. Cesareo VP Environmental Health and Safety
Donald P. Kirchoffner VP Communications
Virginia A. Brown VP Human Resources Planning and Development
Assir R. DaSilva VP Diversity
John F. Diedrich VP Employee Health and Benefits
Victor Fonseca VP Compensation
John R. Samolis VP Labor and Employee Relations
Thomas D. Terry Jr. VP and General Tax Officer
George Shicora Assistant Treasurer
Charles S. Walls Assistant Treasurer
Scott N. Peters Assistant Secretary
Todd D. Cutler Assistant Secretary
10
ComEd
- -----
Board of Directors:
Pamela B. Strobel
John W. Rowe
Ruth Ann M. Gillis
Kenneth G. Lawrence
Corbin A. McNeill, Jr.
Officers:
Frank M. Clark President
David R. Helwig Executive VP, Operations
John T. Hooker VP, External Affairs
Robert E. Berdelle VP, Finance, & Chief Financial Officer
Sally Clair VP, Transmission Policy & Planning
John T. Costello VP, Customer Service Operations
Celia David VP, Transmission Policy and Planning
John J. Donleavy VP, Regional Distributions, Operations
Robert E. Dwyer, Jr VP, Media Relations, Communication & Reporting
Anthony Jaras VP, Electric Operations
Frank J. Jiruska VP, Energy Services, Marketing & Sales
Arlene A. Juracek VP, Rates & Access Implementation, Reg. Strategies,
Govt. & Reg. Affairs
Joseph A. Lasky VP, Information Technology
Ruth M. Moscovitch VP, Strategic Initiatives
Steven T. Naumann VP, Transmission Services
Carl L. Segneri, Jr. VP, Regional Distributions, Operations
Ronald E. Talbot VP, Regional Distributions, Operations
James B. Williams VP, Project & Contract Management
Steven L. Spencer VP, Business Services, Financial Services
J. Barry Mitchell VP and Treasurer
George R. Shicora Assistant Treasurer
Charles S. Walls Assistant Treasurer
Katherine K. Combs Secretary
Todd D. Cutler Assistant Secretary
Scott N. Peters Assistant Secretary
11
PECO
- ----
Board of Directors:
John W. Rowe
Pamela B. Strobel
Ruth Ann M. Gillis
Kenneth G. Lawrence
Corbin A. McNeill, Jr.
Officers:
Kenneth G. Lawrence President and Chief Executive Officer
Craig L. Adams VP, Contractor and Supply Management
Ellen M. Cavanaugh VP, Electric Supply and Transmission
Gregory N. Dudkin VP, Customer and Marketing Services
Frank Frankowski VP, Finance and Chief Financial Officer
Reed R. Horting VP, Gas Supply and Transportation
J. Lindsay Johnston VP, Human Resources
Ian P. McLean VP, Exelon Power Team
J. Barry Mitchell VP and Treasurer
Denis P. O'Brien VP, Operations
Steven L. Spencer VP, Business Services, Financial Services
Kathleen M. Walters VP, Information Technology and Chief
Information Officer
Delia W. Stroud Secretary
George R. Shicora Assistant Treasurer
Charles S. Walls Assistant Treasurer
Todd D. Cutler Assistant Secretary
Scott N. Peters Assistant Secretary
Exelon Generation
- -----------------
Officers:
Corbin A. McNeill, Jr. Chief Executive Officer and President Exelon
Generation
Ian P. McLean President, Exelon Power Team
Oliver D Kingsley, Jr. President and Chief Nuclear Officer, Exelon Nuclear
John L. Skolds Chief Operating Officer, Exelon Nuclear
William H. Bohlke Senior VP, Nuclear Services, Exelon Nuclear
12
John B. Cotton Senior VP, Technical Support, Exelon
Nuclear
Christopher M. Crane Senior VP, MidWest Regional Operating Group,
Exelon Nuclear
Joseph J. Hagan Senior VP, MidAtlantic Regional Operating Group,
Exelon Nuclear
Christine A. Jacobs Senior VP, Exelon Generation; President,
Exelon Power
David W. Woods Senior VP, Communications and Public Affairs,
Exelon Generation
Carol Anderson VP, Information Technology, Exelon Nuclear
William Arndt VP, Business Operations, Exelon Nuclear
Jeffrey A. Benjamin VP, Licensing and Regulatory, Exelon Nuclear
Robert E. Berdelle VP, Generation
Kenneth W. Cornew VP, Long-term Transactions, Exelon Power Team
Edward J. Cullen, Jr. VP, General Counsel and Secretary
Joel P. Dimmette VP, Operational Projects, Exelon Nuclear
Michael Erdlen VP, Information Technology, Exelon Power Team
Edward Fedorchak VP, Fuels, Exelon Power Team
Jan H. Freeman VP, Public Affairs, Exelon Generation
James D. Guerra VP and Controller, Exelon Nuclear
Robert J. Hovey VP, MidWest ROG Support, Exelon Nuclear
Susan O. Ivey VP, Short-term Transactions, Exelon Power Team
James S. Jablonski VP, Financial Trading, Exelon Power Team
Theodore E. Jennings VP, Outage and Project Management, Exelon Nuclear
Marilyn C. Kray VP, Acquisition Support and Integration, Exelon
Nuclear
Rod Krich VP, Licensing Projects
Richard J. Landy VP, Human Resources and Administration, Exelon
Nuclear
Charles P. Lewis VP, Strategy and Development, Exelon Generation
James P. Malone VP, Nuclear Fuels, Exelon Nuclear
Cornelius J. McDermott VP, Communications, Exelon Generation
Robert K. McDonald VP, Generation
James R. Meister VP, Nuclear Engineering, Exelon Nuclear
Michael Metzner VP, Finance/Analytics/Risk, Exelon Power Team
J. Barry Mitchell VP and Treasurer
James A. Muntz VP, Special Projects, Exelon Generation
John L. Settelen, Jr. VP and Controller, Exelon Generation
Steven L. Spencer VP, Business Services, Financial Services
Edward F. Sproat, III VP, International Projects
George Vanderheyden VP, MidAtlantic Regional Operating Support, Exelon
Nuclear
Bruce C. Williams VP, Nuclear Oversight, Exelon Nuclear
13
Ronald J. DeGregorio Site VP - Oyster Creek
John Doering, Jr. Site VP - Peach Bottom Atomic Power Station
J. Michael Heffley Site VP - Clinton Nuclear Power Station
William Levis Site VP - Limerick Generating Station
Richard Lopriore Site VP - Byron Station
Charles G. Pardee Site VP - LaSalle County Station
Preston D. Swafford Site VP - Dresden Nuclear Power Station
Timothy Tulon Site VP - Quad Cities Nuclear Power Station
Mark E. Warner Site VP - TMI
James D. von Suskil Site VP - Braidwood Station
George R. Shicora Assistant Treasurer
Charles S. Walls Assistant Treasurer
Todd D. Cutler Assistant Secretary
Scott N Peters Assistant Secretary
Exelon Enterprises
Officers:
John W. Rowe Chair
George H. Gilmore President & Chief Executive Officer
Patricia L. Kampling VP, and Chief Financial Officer
Dennis E. Murphy VP, Business Development
Herbert H. Allen, Jr VP, Human Resources
J. Barry Mitchell VP, and Treasurer
George R. Shicora Assistant Treasurer
Charles S. Walls Assistant Treasurer
Scott N. Peters Secretary
John C. Halderman Assistant Secretary
Todd D. Cutler Assistant Secretary
PEPCO
- -----
Board of Directors:
Corbin A. McNeill, Jr.
Christine A. Jacobs
John L. Settelen, Jr.
14
Officers:
Christine A. Jacobs President
Edward J. Cullen, Jr. Vice President and Secretary
J. Barry Mitchell Vice President and Treasurer
George R Shicora Assistant Treasurer
Charles S. Walls Assistant Treasurer
Todd D. Cutler Assistant Secretary
Scott N Peters Assistant Secretary
Edward J. Cullen, Jr. General Counsel
Exelon Delivery
- ---------------
Board of Directors:
John W. Rowe
Pamela B. Strobel
Frank M. Clark
Ruth Ann M. Gillis
Kenneth G. Lawrence
Corbin A. McNeill, Jr.
David R. Helwig
Officers:
Pamela B. Strobel Chief Executive Officer
Kenneth G. Lawrence President & Chief Operating Officer
Frank M. Clark Senior Vice President
David R. Hewlig EVP, ComEd Operations
Thomas P. Hill VP, Finance & CFO
Glenn D. Newman VP, Human Resources
Robert E. Dwyer, Jr. VP, Communications
Craig L. Adams VP, Support Services
John Hooker VP, Property Management
J. Barry Mitchell VP and Treasurer
George R. Shicora Assistant Treasurer
Charles S. Walls Assistant Treasurer
Scott N. Peters Secretary
Todd D. Cutler Assistant Secretary
15
ITEM 6. OFFICERS AND DIRECTORS - PART II.
Financial Connections - The following is a list, as of December 31, 2001, of all
officers and directors of each system company who have financial connections
within the provisions of Section 17(c) of the Public Utility Holding Company Act
of 1935.
1. Edward A. Brennan: Member of Board of Directors of Unicom and
ComEd from 1995 through the merger closing; member of Board of
Directors of Exelon since the merger closing, and member of Board
of Directors of Morgan Stanley, investment banker, New York, New
York. Authorized pursuant to Rule 70(b).
2. Carlos H. Cantu: Member of Board of Directors of Unicom and ComEd
from 1998 through the merger closing; member of Board of
Directors of Exelon since the merger closing, and member of Board
of Directors of First Tennessee National Corporation, commercial
banking institution, Memphis, Tennessee. Authorized pursuant to
Rule 70(b).
3. Edgar D. Jannotta: Member of Board of Directors of Unicom and
ComEd from 1994 through the merger closing; member of Board of
Directors of Exelon since the merger closing, and Chairman of
William Blair & Co., L.L.C., investment banker, Chicago,
Illinois. Authorized pursuant to Rule 70(b).
4. John W. Rogers: Member of Board of Directors of Unicom and ComEd
from 1999 through the merger closing; member of Board of
Directors of Exelon since the merger closing, and member of Board
of Directors of Bank One Corporation, commercial banking
institution, Chicago, Illinois. Authorized pursuant to Rule
70(a).
5. John W. Rowe: Member of Board of Directors of Unicom and ComEd
from 1998 through the merger closing; member of Board of
Directors of Exelon since the merger closing, and member of Board
of Directors of Fleet Boston Financial, commercial banking
institution, Boston Massachusetts. Authorized pursuant to Rule
70(b).
ITEM 6. OFFICER AND DIRECTORS - PART III.
(a), (b) and (c) Directors' and Executive Officers' Compensation, Interests in
Securities and Transactions with System Companies.
Information concerning compensation, interests in system securities, and
transactions with system companies is set forth in Exhibits A.1 and A.2
to this Form U5S and is incorporated herein by reference.
(d) Indebtedness of Directors or Executive Officers to System Companies.
None.
(e) Directors' and Executive Officers' Participation in Bonus and Profit-
Sharing Arrangements and Other Benefits.
See Exhibit A.2 for descriptions of the participation of directors and
executive officers of System companies in bonus and profit-sharing
arrangements and other benefits.
16
(f) Directors' and Executive Officers' rights to Indemnity.
The state laws under which each of the companies is incorporated provide
broadly for indemnification of directors and officers against claims and
liabilities against them in their capacities as such. Each of the
companies' charters or by-laws also provides for indemnification of
directors and officers. In addition, directors and executive offices of
Exelon and all subsidiary companies are insured under directors' and
officers' liability policies.
ITEM 7. CONTRIBUTIONS AND PUBLIC RELATIONS
Item 1. Political Contributions.
Name of
Company Beneficiaries Purpose Amount
- ------------------------------------------------------------------------------
Genco Republicans Governor Assoc. Building Fund $70,000
PECO Republicans Governor Assoc. Building Fund $30,000
Several System Companies have established separate segregated funds known as
political action committees, established pursuant to the Federal Election
Campaign Act, in soliciting employee participation in Federal, state and local
elections.
Item 2. Citizens Groups and Public Relations.
Contributions were made to various chambers of commerce,
industry groups, and other groups for civic purposes.
ITEM 8. SERVICE, SALES AND CONSTRUCTION CONTRACTS
Part I. INTERCOMPANY SALES AND SERVICE
Exelon reports intercompany service, sales and construction contracts on:
1. Form U-13-60, Annual Report for Service Company.
2. Form U-9C-3, Quarterly Report Pursuant to Rule 58.
3. Certificate of Notification, Semi-annual report on non-service company
transactions.
Part II. The System companies had no contracts to purchase services or
goods during 2001 from any affiliated (other than a System
company) or from a company, in which any officer or director of
the receiving company is a partner or owns 5 percent of more of
any class of equity securities, except as reported in Item 6.
Part III. The System companies do not employ any other person for the
performance on a continuing basis of management, supervisory or
financial advisory services.
ITEM 9. WHOLESALE GENERATORS AND FOREIGN UTILITY COMPANIES
Required information for investment in wholesale generation and foreign utility
companies as of December 31, 2001.
(a) Company name, business address, facilities and interest held;
(b) Capital invested, recourse debt, guarantees and transfer of assets and
affiliates.
(c) Ratio of debt to common equity and earnings.
17
(d) Contracts for services, sales or construction with affiliates.
Part 1
(a) Sithe Energies, Inc. (Sithe).
335 Madison Avenue, 28th Fl. New York, New York 10017.
Owns and operates power generators in North America with a net
generation capacity of 3,371 MW.
Exelon Fossil Holdings, Inc. owns 49.9% of Sithe and holds the option
to purchase the remaining 50.1% interest in Sithe between December
2002 and December 2005 at a price based on prevailing market
conditions.
(b) Capital invested - Information on the capital investment is filed
herewith confidentially on Form SE.
Sithe debt for which there is recourse to Exelon or the system
companies - None.
Guarantees by the registered holding company - None.
Transfer of assets from an affiliate to Sithe - None.
(c) Ratio of debt to common equity - 1.7 to 1.
Earnings - Information on earnings is filed herewith confidentially
on Form SE.
(d) Contracts with affiliates - None.
(a) AmerGen Energy Company, L.L.C. (AmerGen)
200 Exelon Way, Suite 345 Kennett Square, Pennsylvania 19348.
Owns and operates Clinton Nuclear Power Station, Three Mile Island
Unit No. 1 Nuclear Generating Facility, and Oyster Creek Nuclear
Generation Facility with an aggregate capacity of 2,398 MW.
Genco owns a 50% interest in AmerGen.
(b) Capital invested - Information on the capital investment is filed
herewith confidentially on Form SE.
AmerGen debt for which there is recourse to Exelon or the system
companies - None.
Guarantees by the registered holding company - Genco has agreed to
provide up to $100 million to AmerGen at any time for operating
expenses. Exelon anticipates that Genco's capital expenditures will
be funded by internally generated funds, Genco borrowings or capital
contributions from Exelon. Genco's borrowings may be initially
guaranteed by Exelon as a result of Genco's lack of separate
operational history.
Transfer of assets from an affiliate to AmerGen - None.
18
(c) Ratio of debt to common equity - .52 to 1.
Earnings - Information on earnings is filed herewith confidentially
on Form SE.
(d) Contracts with affiliates - As permitted by the Merger U-1, AmerGen
receives services from Exelon Generation including engineering,
regulatory support, systems integration, accounting and general
services. Exelon Generation provides operation and support services to
the nuclear facilities owned by AmerGen pursuant to a Service
Agreement dated as of March 1, 1999. This service agreement has an
indefinite term and may be terminated by Genco or by AmerGen on 90
days notice. Genco provided AmerGen with services valued at $80
million, at cost, pursuant to the Service Agreement.
Exelon Generation has entered into two power agreements dated with
AmerGen wherein (1) Exelon has agreed to purchase from AmerGen all the
energy from Three Mile Island after December 31, 2001 through December
31, 2014, and (2) Exelon Generation has agreed to purchase from
AmerGen all the residual energy from the Clinton Nuclear Station,
through December 31, 2002. In 2001 the residual output approximates
25% of the total output of Clinton.
(a) ExTex LaPorte Limited Partnership (ExTex)
300 Exelon Way, Kennett Square, PA 19348.
ExTex owns a 160 MW peaking plant in LaPorte, Texas which commenced
operation in 2001.
Exelon Peaker Development Limited, LLC and Exelon Peaker Development
General, LLC. own 99% and 1%, respectively, of ExTex.
b) Capital invested - Information on the capital investment is filed
herewith confidentially on Form SE.
ExTex debt for which there is recourse to Exelon or the system
companies - None.
Guarantees by the registered holding company - ExTex LaPorte executed
a Purchase and Sale Agreement to acquire the Mountain Creek and
Handley power plants from TXU for $443 million. The plants, located in
Texas, have a rated net dependable capacity of 2,334 MW. The
obligations of ExTex LaPorte under the Purchase and Sale Agreement are
guaranteed by Exelon Generation.
Transfer of assets from an affiliate to ExTex - None.
(c) Ratio of debt to common equity - No debt.
Earnings - Information on earnings is filed herewith confidentially on
Form SE.
(d) Contracts with affiliates - None.
Exelon does not have any investments in foreign utility companies.
19
Part II
An organization chart showing the relationship of each EWG to other
system companies is included as Exhibit H.
Part III
As determined pursuant to the December 8, 2000 Order (Release No.
35-27296: 70-9693) the Modified Rule 53 Test applicable to Exelon's
investments in EWGs and FUCOs issued in connection with the Financing
U-1, is $4,000.0 million. At December 31, 2001, Exelon's "aggregate
investment" (as defined in rule 53(a) under PUHCA) in all EWGs and
FUCOs was approximately $810.2 million, and accordingly, at December
31, 2001, Exelon's remaining investment capacity under the Modified
Rule 53 Test was approximately $3,189.8 million.
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS
FINANCIAL STATEMENTS
Exelon Corporation and Subsidiaries
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Exelon Corporation Consolidating
--------------------------------------------------------------
* *
Exelon
Corporation Exelon Rounding Exelon
(in millions) Consolidated And Elimination Corporation
Operating Revenue $ 15,140
Intercompany Electric Revenue -
- -------------------------------------------------------------------------------------------------------------------
Total Revenues 15,140
Operating Expenses
Fuel and Purchased Power 5,313
Intercompany Purchased Pwr -
Other Intercompany Purchases and Expenses -
Operating and Maintenance 4,393
Depreciation and Amortization 1,449
Taxes Other than Income 623
- -------------------------------------------------------------------------------------------------------------------
Total Operating Expenses 11,778
- -------------------------------------------------------------------------------------------------------------------
Operating Income 3,362
- -------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense (1,107)
Distributions on Preferred Securities of Subs (49)
Earnings (losses) of Unconsolidated Affiliates 62
Other, net 79
Intercompany Interest Inc -
Intercompany Interest Exp -
- -------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions (1,015)
- -------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item, and
Change in Acctg Principle Acct 2,347
Total Income Taxes 931
- -------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and Change in Acctg Principle Acct 1,416
Extraordinary Items (Net of Income Tax) -
Income before Change in Accounting Principle 1,416
Cumulative effect of Change in Accounting Principle- 12
Preferred Stock Dividends
- -------------------------------------------------------------------------------------------------------------------
Net Income (Loss) $ 1,428
- -------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
20
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Exelon Corporation Consolidating
--------------------------------------------------------------
* * * *
Unicom Exelon Exelon
Unicom Resources Business Energy Delivery
(in millions) Assurance Inc. Services Co. Co Consol.
Operating Revenue
Intercompany Electric Revenue
- -------------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- -------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- -------------------------------------------------------------------------------------------------------------------------
Operating Income
- -------------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- -------------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- -------------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- -------------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and Change
in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in Accounting
Principle-
Preferred Stock Dividends
- -------------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- -------------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
21
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Exelon Corporation Consolidating
--------------------------------------------------------------
* *
Exelon Unicom
Ventures Investment, Inc.
(in millions) Co Consolidated Consolidated
Operating Revenue
Intercompany Electric Revenue
- --------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- --------------------------------------------------------------------------------------------------
Total Operating Expenses
- --------------------------------------------------------------------------------------------------
Operating Income
- --------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- --------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- --------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- --------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- --------------------------------------------------------------------------------------------------
Net Income (Loss)
- --------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
22
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Unicom Investment, Inc. Consolidating
------------------------------------------------------------------------------
* * *
Unicom Unicom
Investment, Inc. Investment, Inc. Unicom
(in millions) Consolidated Elimination Co Investment, Inc.
Operating Revenue
Intercompany Electric Revenue
- ------------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- ------------------------------------------------------------------------------------------------------------------------
Operating Income
- ------------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ------------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ------------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ------------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ------------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- ------------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
23
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Unicom Investment, Inc. Consolidating
------------------------------------------------------------------------------
* * *
Scherer Scherer Scherer
(in millions) Holdings 1, LLC Holdings 2, LLC Holdings 3, LLC
Operating Revenue
Intercompany Electric Revenue
- ------------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- ------------------------------------------------------------------------------------------------------------------------
Operating Income
- ------------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ------------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ------------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ------------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ------------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- ------------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
24
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Unicom Investment, Inc. Consolidating
------------------------------------------------------------------------------
* * *
Wansley Wansley Spruce Holdings
(in millions) Holdings 1, LLC Holdings 2, LLC G.P. 2000 LLC
Operating Revenue
Intercompany Electric Revenue
- -------------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- -------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- -------------------------------------------------------------------------------------------------------------------------
Operating Income
- -------------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- -------------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- -------------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- -------------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- -------------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- -------------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
25
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Unicom Investment, Inc. Consolidating
------------------------------------------------------------------------------
* *
Spruce Holdings Spruce Holdings
(in millions) L.P. 2000 LLC Consolidated
Operating Revenue
Intercompany Electric Revenue
- -----------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- -----------------------------------------------------------------------------------------------------
Total Operating Expenses
- -----------------------------------------------------------------------------------------------------
Operating Income
- -----------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- -----------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- -----------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- -----------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- -----------------------------------------------------------------------------------------------------
Net Income (Loss)
- -----------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
26
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Spruce Holdings Consolidating
------------------------------------------------------------------------------
* * * *
Spruce Holdings Spruce Holdings Spruce Equity Spruce Holdings
(in millions) Consolidated Elimination Co. Holdings L.P. Trust
Operating Revenue
Intercompany Electric Revenue
- ------------------------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ------------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- ------------------------------------------------------------------------------------------------------------------------------------
Operating Income
- ------------------------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ------------------------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ------------------------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ------------------------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ------------------------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- ------------------------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
27
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Energy Delivery Co. Consolidating
--------------------------------------------------------------------------
* * *
Exelon Energy Exelon Energy Exelon Energy
Delivery Delivery Delivery
(in millions) Co Consolidated Elimination Co Co.,LLC
Operating Revenue
Intercompany Electric Revenue
- ------------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- ------------------------------------------------------------------------------------------------------------------------
Operating Income
- ------------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ------------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ------------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ------------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ------------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- ------------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
28
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Energy Delivery Co. Consolidating
--------------------------------------------------------------------------
* *
Commonwealth PECO
Edison Company Energy
(in millions) Consolidated Consolidated
Operating Revenue
Intercompany Electric Revenue
- ----------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ----------------------------------------------------------------------------------------------------
Total Operating Expenses
- ----------------------------------------------------------------------------------------------------
Operating Income
- ----------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ----------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ----------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ----------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ----------------------------------------------------------------------------------------------------
Net Income (Loss)
- ----------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
29
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Commonwealth Edison Company Consolidating
------------------------------------------------------------------------------
* *
Commonwealth Commonwealth Commonwealth
Edison Company Consolidating Edison Company
(in millions) Consol Ex Corp Reclass Ex Corp Consolidated
Operating Revenue $ 6,125
Intercompany Electric Revenue 81
- ---------------------------------------------------------------------------------------------------------------------------
Total Revenues 6,206
Operating Expenses
Fuel and Purchased Power 14
Intercompany Purchased Pwr 2,656
Other Intercompany Purchases and Expenses 148
Operating and Maintenance 833
Depreciation and Amortization 665
Taxes Other than Income 296
- ---------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses 4,612
- ---------------------------------------------------------------------------------------------------------------------------
Operating Income 1,594
- ---------------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense (555)
Distributions on Preferred Securities of Subs (30)
Earnings (losses) of Unconsolidated Affiliates 0
Other, net 35
Intercompany Interest Inc 79
Intercompany Interest Exp (10)
- ---------------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions (481)
- ---------------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct 1,113
Total Income Taxes 506
- ---------------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct 607
Extraordinary Items (Net of Income Tax) -
Income before Change in Accounting Principle 607
Cumulative effect of Change in
Accounting Principle- -
Preferred Stock Dividends
- ---------------------------------------------------------------------------------------------------------------------------
Net Income (Loss) $ 607
- ---------------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
30
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Commonwealth Edison Company Consolidating
------------------------------------------------------------------------------
* * *
Commonwealth Commonwealth
Edison Company Edison Company Commonwealth
(in millions) Reclass Elimination Co Edison Company
Operating Revenue
Intercompany Electric Revenue
- --------------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- --------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- --------------------------------------------------------------------------------------------------------------------------
Operating Income
- --------------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- --------------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- --------------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- --------------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- --------------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- --------------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
31
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Commonwealth Edison Company Consolidating
------------------------------------------------------------------------------
* * *
Commonwealth
Edison Company COMED COMED
(in millions) of Indiana, Inc. Financing I Financing I
Operating Revenue
Intercompany Electric Revenue
- -----------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- -----------------------------------------------------------------------------------------------------------
Total Operating Expenses
- -----------------------------------------------------------------------------------------------------------
Operating Income
- -----------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- -----------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- -----------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- -----------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- -----------------------------------------------------------------------------------------------------------
Net Income (Loss)
- -----------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
32
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Commonwealth Edison Company Consolidating
------------------------------------------------------------------------------
* * *
Unicom Edison
Health ComEd Funding Development Canada
(in millions) Management LLC Consolidated Consolidated
Operating Revenue
Intercompany Electric Revenue
- ----------------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ----------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- ----------------------------------------------------------------------------------------------------------------------------
Operating Income
- ----------------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ----------------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ----------------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ----------------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ----------------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- ----------------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
33
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
ComEd Funding, LLC Consolidating
------------------------------------------------------------------------------
* * *
ComEd Funding ComEd Funding, LLC ComEd
(in millions) LLC Consolidated Elimination Co Funding LLC
Operating Revenue
Intercompany Electric Revenue
- ------------------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- ------------------------------------------------------------------------------------------------------------------------------
Operating Income
- ------------------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ------------------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ------------------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ------------------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ------------------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- ------------------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
34
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
ComEd Funding, LLC Consolidating
------------------------------------------------------------------------------
*
ComEd
Transitional
(in millions) Funding Trust
Operating Revenue
Intercompany Electric Revenue
- -------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- -------------------------------------------------------------------------
Total Operating Expenses
- -------------------------------------------------------------------------
Operating Income
- -------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- -------------------------------------------------------------------------
Total Other Income and Deductions
- -------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- -------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- -------------------------------------------------------------------------
Net Income (Loss)
- -------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
35
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Edison Development Canada Consolidating
------------------------------------------------------------------------------
* * *
Edison Edison Edison
Development Canada Development Canada Development
(in millions) Inc. Consolidated Elimination Co Canada, Inc.
Operating Revenue
Intercompany Electric Revenue
- ------------------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- ------------------------------------------------------------------------------------------------------------------------------
Operating Income
- ------------------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ------------------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ------------------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ------------------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ------------------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- ------------------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
36
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Edison Development Canada Consolidating
------------------------------------------------------------------------------
*
Edison
Financing
(in millions) Partnership
Operating Revenue
Intercompany Electric Revenue
- -----------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- -----------------------------------------------------------------------
Total Operating Expenses
- -----------------------------------------------------------------------
Operating Income
- -----------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- -----------------------------------------------------------------------
Total Other Income and Deductions
- -----------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- -----------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- -----------------------------------------------------------------------
Net Income (Loss)
- -----------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
37
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
PECO Energy Company Consolidating
-----------------------------------------------------------------------------
* *
PECO Energy PECO Energy PECO Energy
Company Company Company
(in millions) Consol Ex Corp Reclass Ex Corp Consolidated
Operating Revenue $ 3,953
Intercompany Electric Revenue 12
- ---------------------------------------------------------------------------------------------------------------------------
Total Revenues 3,965
Operating Expenses
Fuel and Purchased Power 640
Intercompany Purchased Pwr 1,162
Other Intercompany Purchases and Expenses 60
Operating and Maintenance 527
Depreciation and Amortization 416
Taxes Other than Income 161
- ---------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses 2,966
- ---------------------------------------------------------------------------------------------------------------------------
Operating Income 999
- ---------------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense (405)
Distributions on Preferred Securities of Subs (10)
Earnings (losses) of Unconsolidated Affiliates 0
Other, net 36
Intercompany Interest Inc 10
Intercompany Interest Exp (8)
- ---------------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions (377)
- ---------------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct 622
Total Income Taxes 197
- ---------------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct 425
Extraordinary Items (Net of Income Tax) -
Income before Change in Accounting Principle 425
Cumulative effect of Change in
Accounting Principle- -
Preferred Stock Dividends (10)
- ---------------------------------------------------------------------------------------------------------------------------
Net Income (Loss) $ 415
- ---------------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
38
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
PECO Energy Company Consolidating
-----------------------------------------------------------------------------
* * *
PECO Energy PECO Energy
Company Company PECO Energy
(in millions) Reclass Elimination Co Company
Operating Revenue
Intercompany Electric Revenue
- -----------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- -----------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- -----------------------------------------------------------------------------------------------------------------------
Operating Income
- -----------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- -----------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- -----------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- -----------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- -----------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- -----------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
39
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
PECO Energy Company Consolidating
-----------------------------------------------------------------------------
* * *
PECO Energy Adwin Realty
PECO Energy Capital Company
(in millions) Transition Trust Consolidated Consolidated
Operating Revenue
Intercompany Electric Revenue
- ------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- ------------------------------------------------------------------------------------------------------------------
Operating Income
- ------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- ------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
40
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
PECO Energy Company Consolidating
-----------------------------------------------------------------------------
* *
Extel
PECO Wireless, LP Corporation
(in millions) Consolidated LLC
Operating Revenue
Intercompany Electric Revenue
- -----------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- -----------------------------------------------------------------------------------------------
Total Operating Expenses
- -----------------------------------------------------------------------------------------------
Operating Income
- -----------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- -----------------------------------------------------------------------------------------------
Total Other Income and Deductions
- -----------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- -----------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- -----------------------------------------------------------------------------------------------
Net Income (Loss)
- -----------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
41
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Adwin Realty Company Consolidating
---------------------------------------------------------------------------
* * *
Adwin Realty Adwin Realty
Company Company Adwin Realty
(in millions) Consolidated Elimination Co. Company
Operating Revenue
Intercompany Electric Revenue
- ------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- ------------------------------------------------------------------------------------------------------------
Operating Income
- ------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- ------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
42
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Adwin Realty Company Consolidating
---------------------------------------------------------------------------
* * * *
Route 213 Signa Joint Riverwatch
(in millions) Enterprises, Inc. Venure Route 724 Associates
Operating Revenue
Intercompany Electric Revenue
- ---------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ---------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- ---------------------------------------------------------------------------------------------------------------------
Operating Income
- ---------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ---------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ---------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ---------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ---------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- ---------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
43
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
PECO Wireless, LP Consolidating
---------------------------------------------------------------------------
* * *
PECO Wireless, LP PECO Wireless, LP
(in millions) Consolidated Elimination Co PECO Wireless, LP
Operating Revenue
Intercompany Electric Revenue
- ---------------------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ---------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- ---------------------------------------------------------------------------------------------------------------------------------
Operating Income
- ---------------------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ---------------------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ---------------------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ---------------------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ---------------------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- ---------------------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
44
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
PECO Wireless, LP Consolidating
---------------------------------------------------------------------------
* *
ATNP Finance PEC Financial
(in millions) Company Services, LLC
Operating Revenue
Intercompany Electric Revenue
- ----------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ----------------------------------------------------------------------------------------------
Total Operating Expenses
- ----------------------------------------------------------------------------------------------
Operating Income
- ----------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ----------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ----------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ----------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ----------------------------------------------------------------------------------------------
Net Income (Loss)
- ----------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
45
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
PECO Energy Capital Consolidating
----------------------------------------------------------------------------
* * * *
PECO Energy PECO Energy
Capital Corp Capital Corp PECO Energy PECO Energy
(in millions) Consolidated Elimination Co Capital Corp Capital LP
Operating Revenue
Intercompany Electric Revenue
- ---------------------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ---------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- ---------------------------------------------------------------------------------------------------------------------------------
Operating Income
- ---------------------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ---------------------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ---------------------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ---------------------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ---------------------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- ---------------------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
46
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Exelon Ventures Company Consolidating
----------------------------------------------------------------------------
* * *
Exelon Ventures Exelon Ventures
Company, LLC Company, LLC Exelon Ventures
(in millions) Consolidatd Elimination Co Company, LLC
Operating Revenue
Intercompany Electric Revenue
- -------------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- -------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- -------------------------------------------------------------------------------------------------------------------------
Operating Income
- -------------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- -------------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- -------------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- -------------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- -------------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- -------------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
47
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Exelon Ventures Company Consolidating
----------------------------------------------------------------------------
* *
Exelon Exelon
Enterprises Co, Generation Co,
(in millions) LLC Consolidated Consol Ex Corp
Operating Revenue
Intercompany Electric Revenue
- --------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- --------------------------------------------------------------------------------------------------
Total Operating Expenses
- --------------------------------------------------------------------------------------------------
Operating Income
- --------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- --------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- --------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- --------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- --------------------------------------------------------------------------------------------------
Net Income (Loss)
- --------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
48
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Exelon Enterprises Co. Consolidating
----------------------------------------------------------------------------
* * *
Exelon Exelon Enterprises
Enterprises Co, Company, LLC Exelon Enterprises
(in millions) LLC Consolidated Elimination Co. Company, LLC
Operating Revenue
Intercompany Electric Revenue
- -------------------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- -------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- -------------------------------------------------------------------------------------------------------------------------------
Operating Income
- -------------------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- -------------------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- -------------------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- -------------------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- -------------------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- -------------------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
49
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Exelon Enterprises Co. Consolidating
----------------------------------------------------------------------------
* * * *
Adwin Exelon UNICOM UNICOM
Equipment Services, Inc. Power Power
(in millions) Company Consolidated Holding, Inc. Marketing, Inc.
Operating Revenue
Intercompany Electric Revenue
- ------------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- ------------------------------------------------------------------------------------------------------------------------
Operating Income
- ------------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ------------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ------------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ------------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ------------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- ------------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
50
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Exelon Enterprises Co. Consolidating
----------------------------------------------------------------------------
* * *
Exelon
Thermal Holdings Infrasource, Inc. Exelon Energy
(in millions) Inc. consolidated Consolidated Co Consolidated
Operating Revenue
Intercompany Electric Revenue
- ---------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ---------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- ---------------------------------------------------------------------------------------------------------------------
Operating Income
- ---------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ---------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ---------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ---------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ---------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- ---------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
51
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Exelon Enterprises Co. Consolidating
----------------------------------------------------------------------------
* *
Exelon
Enterprises Mgmnt, Inc. UESI
(in millions) Consolidated Consolidated
Operating Revenue
Intercompany Electric Revenue
- ---------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ---------------------------------------------------------------------------------------------------
Total Operating Expenses
- ---------------------------------------------------------------------------------------------------
Operating Income
- ---------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ---------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ---------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ---------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ---------------------------------------------------------------------------------------------------
Net Income (Loss)
- ---------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
52
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Exelon Energy Co. Consolidating
----------------------------------------------------------------------------
* * *
Exelon Energy Exelon Energy Co Exelon Energy
(in millions) Co Consolidated Elimination Co Corp Consolidatd
Operating Revenue
Intercompany Electric Revenue
- ----------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ----------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- ----------------------------------------------------------------------------------------------------------------------
Operating Income
- ----------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ----------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ----------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ----------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ----------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- ----------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
53
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Exelon Energy Co. Consolidating
----------------------------------------------------------------------------
* *
All Energy Gas &
Electric Marketing Exelon Energy
(in millions) Co, LLC Consolidated Ohio, Inc.
Operating Revenue
Intercompany Electric Revenue
- ----------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ----------------------------------------------------------------------------------------------------
Total Operating Expenses
- ----------------------------------------------------------------------------------------------------
Operating Income
- ----------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ----------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ----------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ----------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ----------------------------------------------------------------------------------------------------
Net Income (Loss)
- ----------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
54
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
InfraSource Inc. Consolidating
----------------------------------------------------------------------------
* * *
InfraSource InfraSource
Inc. Inc. InfraSource
(in millions) Consolidated Elimination Inc.
Operating Revenue
Intercompany Electric Revenue
- ------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ------------------------------------------------------------------------------------------------------
Total Operating Expenses
- ------------------------------------------------------------------------------------------------------
Operating Income
- ------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ------------------------------------------------------------------------------------------------------
Net Income (Loss)
- ------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
55
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
InfraSource Inc. Consolidating
----------------------------------------------------------------------------
* * * *
InfraSource OSP VSI EIS
Integrated Consultants Group Engineering
(in millions) Services, Inc. Inc. Inc. Inc.
Operating Revenue
Intercompany Electric Revenue
- -----------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- -----------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- -----------------------------------------------------------------------------------------------------------------
Operating Income
- -----------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- -----------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- -----------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- -----------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- -----------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- -----------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
56
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
InfraSource Inc. Consolidating
----------------------------------------------------------------------------
* * * * *
Blair Park Electric Dashiell MJ Fischbach
Services Services Holdings Electric & Moore
(in millions) Inc. Inc. Corporation Inc. Electric, Inc.
Operating Revenue
Intercompany Electric Revenue
- ------------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- ------------------------------------------------------------------------------------------------------------------------
Operating Income
- ------------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ------------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ------------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ------------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ------------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- ------------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
57
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
InfraSource Inc. Consolidating
----------------------------------------------------------------------------
* * *
Syracuse MRM Michigan
Merit Technical Trenching
(in millions) Electric, Inc. Group, Inc. Services, Inc.
Operating Revenue
Intercompany Electric Revenue
- ---------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ---------------------------------------------------------------------------------------------------
Total Operating Expenses
- ---------------------------------------------------------------------------------------------------
Operating Income
- ---------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ---------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ---------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ---------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ---------------------------------------------------------------------------------------------------
Net Income (Loss)
- ---------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
58
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
InfraSource Inc. Consolidating
----------------------------------------------------------------------------
* *
Trinity Chowns
Industries Comm.
(in millions) Inc. Inc.
Operating Revenue
Intercompany Electric Revenue
- ------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ------------------------------------------------------------------------------
Total Operating Expenses
- ------------------------------------------------------------------------------
Operating Income
- ------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ------------------------------------------------------------------------------
Total Other Income and Deductions
- ------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ------------------------------------------------------------------------------
Net Income (Loss)
- ------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
59
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Exelon Thermal Holdings, Inc. Consolidating
----------------------------------------------------------------------------
* * *
Exelon Thermal Exelon Thermal Exelon Thermal
Holdings, Inc. Holdings, Inc. Holdings, Inc.
(in millions) Consolidated Eliminations Reclass
Operating Revenue
Intercompany Electric Revenue
- -------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- -------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- -------------------------------------------------------------------------------------------------------------------
Operating Income
- -------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- -------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- -------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- -------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- -------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- -------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
60
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Exelon Thermal Holdings, Inc. Consolidating
----------------------------------------------------------------------------
* * *
Exelon Thermal Exelon Thermal Exelon Thermal
Holdings Technologies Development
(in millions) Inc. Inc. Inc.
Operating Revenue
Intercompany Electric Revenue
- -------------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- -------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- -------------------------------------------------------------------------------------------------------------------------
Operating Income
- -------------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- -------------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- -------------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- -------------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- -------------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- -------------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
61
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Exelon Thermal Holdings, Inc. Consolidating
----------------------------------------------------------------------------
* * * *
Northwind ETT ETT Northwind
Chicago Boston Houston Midway
(in millions) LLC Inc. Inc. LLC
Operating Revenue
Intercompany Electric Revenue
- ------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- ------------------------------------------------------------------------------------------------------------------
Operating Income
- ------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- ------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
62
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Exelon Thermal Holdings, Inc. Consolidating
----------------------------------------------------------------------------
* * * *
ETT ETT ETT ETT North
National Arizona Nevada America, Inc.
(in millions) Power, inc. Inc. Inc. Consolidated
Operating Revenue
Intercompany Electric Revenue
- -------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- -------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- -------------------------------------------------------------------------------------------------------------------
Operating Income
- -------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- -------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- -------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- -------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- -------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- -------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
63
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
ETT North America Inc. Consolidating
----------------------------------------------------------------------------
* * *
ETT North ETT North ETT North
America, Inc. America, Inc. America
(in millions) Consolidated Eliminations Inc.
Operating Revenue
Intercompany Electric Revenue
- ---------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ---------------------------------------------------------------------------------------------------------
Total Operating Expenses
- ---------------------------------------------------------------------------------------------------------
Operating Income
- ---------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ---------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ---------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ---------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ---------------------------------------------------------------------------------------------------------
Net Income (Loss)
- ---------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
64
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
ETT North America Inc. Consolidating
----------------------------------------------------------------------------
* *
ETT Northwind Thermal
Canada Technologies
(in millions) Inc. Canada, Inc.
Operating Revenue
Intercompany Electric Revenue
- ---------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ---------------------------------------------------------------------------------------------
Total Operating Expenses
- ---------------------------------------------------------------------------------------------
Operating Income
- ---------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ---------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ---------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ---------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ---------------------------------------------------------------------------------------------
Net Income (Loss)
- ---------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
65
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
All Energy Gas & Electric Marketing Consolidating
----------------------------------------------------------------------------
* * *
All Energy Gas & All Energy Gas &
Electric Marketing Electric Marketing Texas Ohio Gas Inc.
(in millions) Co, LLC Consolidated Eliminating Co Boston
Operating Revenue
Intercompany Electric Revenue
- ---------------------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ---------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- ---------------------------------------------------------------------------------------------------------------------------------
Operating Income
- ---------------------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ---------------------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ---------------------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ---------------------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ---------------------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- ---------------------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
66
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
All Energy Gas & Electric Marketing Consolidating
----------------------------------------------------------------------------
*
Texas Ohio Gas Inc.
(in millions) Ohio
Operating Revenue
Intercompany Electric Revenue
- -------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- -------------------------------------------------------------------------------
Total Operating Expenses
- -------------------------------------------------------------------------------
Operating Income
- -------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- -------------------------------------------------------------------------------
Total Other Income and Deductions
- -------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- -------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- -------------------------------------------------------------------------------
Net Income (Loss)
- -------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
67
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Exelon Enterprises Management Consolidating
----------------------------------------------------------------------------
* *
Exelon Exelon
Enterprises Mgmnt, Inc. Enterprises Mgmnt, Inc.
(in millions) Consolidated Elimination Co
Operating Revenue
Intercompany Electric Revenue
- ---------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ---------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- ---------------------------------------------------------------------------------------------------------------
Operating Income
- ---------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ---------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ---------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ---------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ---------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- ---------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
68
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Exelon Enterprises Management Consolidating
----------------------------------------------------------------------------
* *
Exelon Exelon
Enterprises Capital Partners , Inc.
(in millions) Mgmnt, Inc. Consolidated
Operating Revenue
Intercompany Electric Revenue
- ---------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ---------------------------------------------------------------------------------------------------
Total Operating Expenses
- ---------------------------------------------------------------------------------------------------
Operating Income
- ---------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ---------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ---------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ---------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ---------------------------------------------------------------------------------------------------
Net Income (Loss)
- ---------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
69
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Exelon Capital Partners, Inc Consolidating
----------------------------------------------------------------------------
* * *
Exelon Exelon Exelon
Capital Partners , Inc. Capital Partners , Inc. Capital
(in millions) Consolidated Elimination Co Partners , Inc.
Operating Revenue
Intercompany Electric Revenue
- -------------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- -------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- -------------------------------------------------------------------------------------------------------------------------
Operating Income
- -------------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- -------------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- -------------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- -------------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- -------------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- -------------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
70
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Exelon Capital Partners, Inc Consolidating
----------------------------------------------------------------------------
* *
ECP Exelon Enterprises
Telecomunications Investments, Inc.
(in millions) LLC, Consolidated Consolidated
Operating Revenue
Intercompany Electric Revenue
- -----------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- -----------------------------------------------------------------------------------------------------
Total Operating Expenses
- -----------------------------------------------------------------------------------------------------
Operating Income
- -----------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- -----------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- -----------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- -----------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- -----------------------------------------------------------------------------------------------------
Net Income (Loss)
- -----------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
71
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
ECP Telecom. Consolidating
----------------------------------------------------------------------------
* * * *
ECP ECP ECP Energy
Telecom. LLC Telecom. LLC Telecom Trading
(in millions) Consolidated Elimination LLC Company
Operating Revenue
Intercompany Electric Revenue
- ---------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ---------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- ---------------------------------------------------------------------------------------------------------------------
Operating Income
- ---------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ---------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ---------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ---------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ---------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- ---------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
72
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Exelon Enterprises Investments Consolidating
----------------------------------------------------------------------------
* *
Exelon Enterprises Exelon Enterprises
Investments, Inc. Investments, Inc.
(in millions) Consolidated Elimination Co
Operating Revenue
Intercompany Electric Revenue
- ------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ------------------------------------------------------------------------------------------------------
Total Operating Expenses
- ------------------------------------------------------------------------------------------------------
Operating Income
- ------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ------------------------------------------------------------------------------------------------------
Net Income (Loss)
- ------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
73
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Exelon Enterprises Investments Consolidating
----------------------------------------------------------------------------
* *
EEI
Exelon Enterprises Telecomunications
(in millions) Investments, Inc. Holding, Co Consolidated
Operating Revenue
Intercompany Electric Revenue
- ------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- ------------------------------------------------------------------------------------------------------------
Operating Income
- ------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- ------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
74
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
EEI Telecom. Holding Consolidating
----------------------------------------------------------------------------
* *
EEI EEI
Telecom. Holding Telecom. Holding
(in millions) Co Consolidated Co Elimination
Operating Revenue
Intercompany Electric Revenue
- ----------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ----------------------------------------------------------------------------------------------------------
Total Operating Expenses
- ----------------------------------------------------------------------------------------------------------
Operating Income
- ----------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ----------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ----------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ----------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ----------------------------------------------------------------------------------------------------------
Net Income (Loss)
- ----------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
75
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
EEI Telecom. Holding Consolidating
----------------------------------------------------------------------------
* *
EEI Exelon
Telecom. Communications
(in millions) Holding, Co LLC Consolidated
Operating Revenue
Intercompany Electric Revenue
- --------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- --------------------------------------------------------------------------------------------------
Total Operating Expenses
- --------------------------------------------------------------------------------------------------
Operating Income
- --------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- --------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- --------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- --------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- --------------------------------------------------------------------------------------------------
Net Income (Loss)
- --------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
76
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Exelon Communications Consolidating
----------------------------------------------------------------------------
* * *
Exelon Exelon Exelon
Communications Communications Communications
(in millions) LLC Consolidated LLC, Elimination Co LLC
Operating Revenue
Intercompany Electric Revenue
- -----------------------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- -----------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- -----------------------------------------------------------------------------------------------------------------------------------
Operating Income
- -----------------------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- -----------------------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- -----------------------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- -----------------------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- -----------------------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- -----------------------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
77
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Exelon Communications Consolidating
----------------------------------------------------------------------------
* *
Exelon
PHT Holdings Communications
(in millions) LLC Co LLC
Operating Revenue
Intercompany Electric Revenue
- -------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- -------------------------------------------------------------------------------------------
Total Operating Expenses
- -------------------------------------------------------------------------------------------
Operating Income
- -------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- -------------------------------------------------------------------------------------------
Total Other Income and Deductions
- -------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- -------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- -------------------------------------------------------------------------------------------
Net Income (Loss)
- -------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
78
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Exelon Generation Consolidating
----------------------------------------------------------------------------
* *
Exelon Exelon Exelon
Generation Co, Generation Co, Generation Co,
(in millions) Consol Ex Corp Reclass Ex Corp LLC Consolidated
Operating Revenue $ 2,946
Intercompany Electric Revenue 4,102
- ------------------------------------------------------------------------------------------------------------------------
Total Revenues 7,048
Operating Expenses
Fuel and Purchased Power 4,093
Intercompany Purchased Pwr 125
Other Intercompany Purchases and Expenses 189
Operating and Maintenance 1,338
Depreciation and Amortization 282
Taxes Other than Income 149
- ------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses 6,176
- ------------------------------------------------------------------------------------------------------------------------
Operating Income 872
- ------------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense (115)
Distributions on Preferred Securities of Subs -
Earnings (losses) of Unconsolidated Affiliates 90
Other, net (8)
Intercompany Interest Inc
Intercompany Interest Exp -
- ------------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions (33)
- ------------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct 839
Total Income Taxes 327
- ------------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct 512
Extraordinary Items (Net of Income Tax) -
Income before Change in Accounting Principle 512
Cumulative effect of Change in
Accounting Principle- 12
Preferred Stock Dividends
- ------------------------------------------------------------------------------------------------------------------------
Net Income (Loss) $ 524
- ------------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
79
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Exelon Generation Consolidating
----------------------------------------------------------------------------
* * * *
Exelon Exelon Exelon Penesco
Generation Co, Generation Co, Generation Company
(in millions) Reclass LLC Elimination Co Company LLC
Operating Revenue
Intercompany Electric Revenue
- -----------------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- -----------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- -----------------------------------------------------------------------------------------------------------------------------
Operating Income
- -----------------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- -----------------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- -----------------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- -----------------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- -----------------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- -----------------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
80
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Exelon Generation Consolidating
----------------------------------------------------------------------------
* * * *
Cenesco Susquehanna Exelon Exelon
Company Electric Generation Allowance
(in millions) LLC Company Finance Co Management Co
Operating Revenue
Intercompany Electric Revenue
- ----------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ----------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- ----------------------------------------------------------------------------------------------------------------------
Operating Income
- ----------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ----------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ----------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ----------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ----------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- ----------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
81
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Exelon Generation Consolidating
----------------------------------------------------------------------------
* * * *
Exelon Peaker Exelon PECO Exelon Peaker
Development Power Holding Energy Power Development Ltd.
(in millions) General, LLC LP, Consolidated Co, Consolidated LLC, Consolidated
Operating Revenue
Intercompany Electric Revenue
- ------------------------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ------------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- ------------------------------------------------------------------------------------------------------------------------------------
Operating Income
- ------------------------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ------------------------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ------------------------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ------------------------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ------------------------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- ------------------------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
82
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Exelon Power Holding Consolidating
----------------------------------------------------------------------------
* * * *
Exelon Exelon Exelon Exelon
Power Holding Power Holding Power Fossil
(in millions) LP, Consolidated LP, Elimination Holdings, LP Holdings, Inc
Operating Revenue
Intercompany Electric Revenue
- ----------------------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ----------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- ----------------------------------------------------------------------------------------------------------------------------------
Operating Income
- ----------------------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ----------------------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ----------------------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ----------------------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ----------------------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- ----------------------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
83
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
PECO Energy Power Consolidating
----------------------------------------------------------------------------
* * * *
PECO Energy PECO PECO Susquehanna
Power Co. Energy Power Energy Power
(in millions) Consolidated Elimination Power, Co Company
Operating Revenue
Intercompany Electric Revenue
- -----------------------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- -----------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- -----------------------------------------------------------------------------------------------------------------------------------
Operating Income
- -----------------------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- -----------------------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- -----------------------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- -----------------------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- -----------------------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- -----------------------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
84
Exelon Corporation Consolidating Income Statement for the Period Ending December 31, 2001
Exelon Peaker Development Consolidating
----------------------------------------------------------------------------
* * * *
Exelon Peaker Exelon Peaker Exelon Peaker
Development Ltd. Development Ltd. Development Ltd. Ex Tex
(in millions) LLC, Consolidated LLC, Elimination Co LLC LaPorte LP
Operating Revenue
Intercompany Electric Revenue
- ------------------------------------------------------------------------------------------------------------------------------------
Total Revenues
Operating Expenses
Fuel and Purchased Power
Intercompany Purchased Pwr
Other Intercompany Purchases and Expenses
Operating and Maintenance
Depreciation and Amortization
Taxes Other than Income
- ------------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses
- ------------------------------------------------------------------------------------------------------------------------------------
Operating Income
- ------------------------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Interest Expense
Distributions on Preferred Securities of Subs
Earnings (losses) of Unconsolidated Affiliates
Other, net
Intercompany Interest Inc
Intercompany Interest Exp
- ------------------------------------------------------------------------------------------------------------------------------------
Total Other Income and Deductions
- ------------------------------------------------------------------------------------------------------------------------------------
Net Income Before Taxes, Extraordinary Item,
and Change in Acctg Principle Acct
Total Income Taxes
- ------------------------------------------------------------------------------------------------------------------------------------
Income Before Extraordinary Item and
Change in Acctg Principle Acct
Extraordinary Items (Net of Income Tax)
Income before Change in Accounting Principle
Cumulative effect of Change in
Accounting Principle-
Preferred Stock Dividends
- ------------------------------------------------------------------------------------------------------------------------------------
Net Income (Loss)
- ------------------------------------------------------------------------------------------------------------------------------------
* CONFIDENTIAL TREATMENT REQUESTED
May not add due to rounding.
85
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
Exelon Corporation Consolidating
----------------------------------------------------------------------------------
* * * *
Exelon
(in millions) Corporation Exelon Rounding Exelon Unicom Unicom
Assets Consolidated And Elimination Corporation Assurance Resources, Inc.
Current Assets
Cash and Cash Equivalents $ 485
Restricted Cash 372
A/R - Customers 1,687
A/R - Affiliates -
A/R - Other 472
Inventories - Fossil Fuel 222
Inventories - Materials and Supplies 249
Deferred Income Taxes 23
Other 272
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Assets 3,782
- ------------------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment 13,742
Deferred Debits and Other Assets -
Regulatory Asset 6,423
Investments - Decomm 3,165
Investments 1,666
Goodwill, net 5,335
Other 708
Notes Receivable/Payable - Affiliates -
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets 17,297
- ------------------------------------------------------------------------------------------------------------------------------------
Total Assets $ 34,821
- ------------------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable $ 360
L-T Debt Due Within One Year 1,406
Payable to Affiliates -
Accounts payable 964
Accrued Expenses 1,182
Other Current Liabilities 505
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities 4,417
- ------------------------------------------------------------------------------------------------------------------------------------
Long Term Debt 12,876
Deferred Credits and Other Liabilities
Deferred Income Taxes 4,303
Unamortized Investment Tax Credits 316
Other Noncurrent Liab - Decomm 1,314
Pension Obligation 334
Post Retirement Benefits Obligation 847
Spent Fuel obligation 843
Long Term Debt - Affiliates -
Other 728
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities 8,685
- ------------------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries 612
Common Stock 6,930
Receivable from Parent -
Deferred Compensation (2)
Retained Earnings (Accumulated Deficit) 1,200
Accumulated OCI 102
- ------------------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity 8,230
- ------------------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity $ 34,821
- ------------------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
86
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
Exelon Corporation Consolidating
----------------------------------------------------------------------------------
* * * *
Exelon Exelon Exelon Unicom
(in millions) Business Energy Delivery Ventures Investment, Inc.
Assets Services Company Co Consolidated Co Consolidated Consolidated
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Total Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- ------------------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
87
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
Unicom Investment, Inc. Consolidating
----------------------------------------------------------------------------------------
* * * * *
Unicom Unicom
(in millions) Investment, Inc. Investment, Inc. Unicom Scherer Scherer
Assets Consolidated Elimination Co Investment, Inc. Holdings 1, LLC Holdings 2, LLC
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Total Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- ------------------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
88
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
Unicom Investment, Inc. Consolidating
---------------------------------------------------------------------
* * * *
(in millions) Scherer Wansley Wansley Spruce Holdings
Assets Holdings 3, LLC Holdings 1, LLC Holdings 2, LLC G.P. 2000 LLC
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- -------------------------------------------------------------------------------------------------------------
Total Current Assets
- ------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- ------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- ------------------------------------------------------------------------------------------------------------
Total Assets
- ------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- ------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- ------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- ------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- ------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- ------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
89
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
Unicom Investment, Inc. Consolidating
------------------------------------------
* *
(in millions) Spruce Holdings Spruce Holdings
Assets L.P. 2000 LLC Consolidated
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- -------------------------------------------------------------------------------------
Total Current Assets
- -------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- -------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- -------------------------------------------------------------------------------------
Total Assets
- -------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- -------------------------------------------------------------------------------------
Total Current Liabilities
- -------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- -------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- -------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- -------------------------------------------------------------------------------------
Shareholder's Equity
- -------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- -------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
90
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
Spruce Holdings Consolidating
---------------------------------------------------------------------------------
* * * *
(in millions) Spruce Holdings Spruce Holdings Spruce Equity Spruce Holdings
Assets Consolidated Elimination Co. Holdings L.P. Trust
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Total Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- ------------------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
91
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
Energy Delivery Co. Consolidating
-----------------------------------------------------------------------------------------
* * * * * *
Exelon Energy Exelon Energy Exelon Energy Commonwealth PECO
(in millions) Delivery Delivery Delivery Edison Company Energy
Assets Co Consolidated Elimination Co Co.,LLC Consolidated Consolidated
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- ----------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- ----------------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- ----------------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- ----------------------------------------------------------------------------------------------------------------------------------
Total Assets
- ----------------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- ----------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- ----------------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- ----------------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- ----------------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- ----------------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- ----------------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- ----------------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
92
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
Commonwealth Edison Company Consolidating
--------------------------------------------------------------
* *
Commonwealth Commonwealth Commonwealth
(in millions) Edison Company Consolidating Edison Company
Assets Consol Ex Corp Reclass Ex Corp Consolidated
Current Assets
Cash and Cash Equivalents $ 23
Restricted Cash 41
A/R - Customers 745
A/R - Affiliates 95
A/R - Other 87
Inventories - Fossil Fuel 0
Inventories - Materials and Supplies 56
Deferred Income Taxes 52
Other 15
- -------------------------------------------------------------------------------------------------------------------
Total Current Assets 1,114
- -------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment 7,351
Deferred Debits and Other Assets
Regulatory Asset 667
Investments - Decomm -
Investments 64
Goodwill, net 4,902
Other 304
Notes Receivable/Payable - Affiliates 1,314
- -------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets 7,251
- -------------------------------------------------------------------------------------------------------------------
Total Assets $ 15,716
- -------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable $ 0
L-T Debt Due Within One Year 849
Payable to Affiliates 307
Accounts payable 144
Accrued Expenses 374
Other Current Liabilities 212
- -------------------------------------------------------------------------------------------------------------------
Total Current Liabilities 1,886
- -------------------------------------------------------------------------------------------------------------------
Long Term Debt 5,850
Deferred Credits and Other Liabilities
Deferred Income Taxes 1,671
Unamortized Investment Tax Credits 55
Other Noncurrent Liab - Decomm -
Pension Obligation 151
Post Retirement Benefits Obligation 146
Spent Fuel obligation -
Long Term Debt - Affiliates -
Other 545
- -------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities 2,568
- -------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries 329
Common Stock 5,768
Receivable from Parent (937)
Deferred Compensation -
Retained Earnings (Accumulated Deficit) 257
Accumulated OCI (5)
- -------------------------------------------------------------------------------------------------------------------
Shareholder's Equity 5,083
- -------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity $ 15,716
- -------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
93
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
Commonwealth Edison Company Consolidating
-------------------------------------------------------------------------------
* * * *
Commonwealth Commonwealth Commonwealth
(in millions) Edison Company Edison Company Commonwealth Edison Company
Assets Reclass Elimination Co Edison Company of Indiana, Inc.
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Total Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates Other
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- ------------------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
94
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
Commonwealth Edison Company Consolidating
-------------------------------------------------------------------------------------
* * * * *
Unicom Edison
(in millions) COMED COMED Health ComEd Funding Development Canada
Assets Financing I Financing I Management LLC Consolidated Consolidated
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Total Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- ------------------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
95
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
ComEd Funding, LLC Consolidating
-------------------------------------------------------------------------------
* * * *
ComEd
(in millions) ComEd Funding ComEd Funding, LLC ComEd Transitional
Assets LLC Consolidated Elimination Co Funding LLC Funding Trust
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- ---------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- ---------------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- ---------------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- ---------------------------------------------------------------------------------------------------------------------------------
Total Assets
- ---------------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- ---------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- ---------------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- ---------------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- ---------------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- ---------------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- ---------------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- ---------------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
96
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
Edison Development Canada Consolidating
-----------------------------------------------------------------------------------
* * * *
Edison Edison Edison Edison
(in millions) Development Canada Development Canada Development Financing
Assets Inc. Consolidated Elimination Co Canada, Inc. Partnership
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Total Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- ------------------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
97
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
PECO Energy Company Consolidating
-------------------------------------------------------------------------------
* * *
PECO Energy PECO Energy PECO Energy PECO Energy
(in millions) Company Company Company Company
Assets Consol Ex Corp Reclass Ex Corp Consolidated Reclass
Current Assets
Cash and Cash Equivalents $ 32
Restricted Cash 323
A/R - Customers 286
A/R - Affiliates 8
A/R - Other 33
Inventories - Fossil Fuel 72
Inventories - Materials and Supplies 7
Deferred Income Taxes (0)
Other 59
- ---------------------------------------------------------------------------------------------------------------------------
Total Current Assets 820
- ---------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment 4,047
Deferred Debits and Other Assets
Regulatory Asset 5,756
Investments - Decomm
Investments 24
Goodwill, net -
Other 98
Notes Receivable/Payable - Affiliates 0
- ---------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets 5,878
- ---------------------------------------------------------------------------------------------------------------------------
Total Assets $ 10,745
- ---------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable $ 101
L-T Debt Due Within One Year 548
Payable to Affiliates 194
Accounts payable 54
Accrued Expenses 424
Other Current Liabilities 21
- ---------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities 1,342
- ---------------------------------------------------------------------------------------------------------------------------
Long Term Debt 5,438
Deferred Credits and Other Liabilities
Deferred Income Taxes 2,938
Unamortized Investment Tax Credits 27
Other Noncurrent Liab - Decomm -
Pension Obligation -
Post Retirement Benefits Obligation 239
Spent Fuel obligation -
Long Term Debt - Affiliates -
Other 154
- ---------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities 3,358
- ---------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries 147
Common Stock 2,049
Receivable from Parent (1,878)
Deferred Compensation -
Retained Earnings (Accumulated Deficit) 270
Accumulated OCI 19
- ---------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity 460
- ---------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity $ 10,745
- ---------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
98
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
PECO Energy Company Consolidating
-------------------------------------------------------------------------------
* * * *
PECO Energy PECO Energy
(in millions) Company PECO Energy PECO Energy Capital
Assets Elimination Co Company Transition Trust Consolidated
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- ---------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- ---------------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- ---------------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- ---------------------------------------------------------------------------------------------------------------------------------
Total Assets
- ---------------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- ---------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- ---------------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- ---------------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- ---------------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- ---------------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- ---------------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- ---------------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
99
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
PECO Energy Company Consolidating
--------------------------------------------------------
* * *
Adwin Realty Extel
(in millions) Company PECO Wireless, LP Corporation
Assets Consolidated Consolidated LLC
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- -------------------------------------------------------------------------------------------------------------
Total Current Assets
- -------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- -------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- -------------------------------------------------------------------------------------------------------------
Total Assets
- -------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- -------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- -------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- -------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- -------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- -------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- -------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- -------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
100
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
Adwin Realty Company Consolidating
-----------------------------------------------------------------------
* * * *
Adwin Realty Adwin Realty
(in millions) Company Company Adwin Realty Route 213
Assets Consolidated Elimination Co. Company Enterprises, Inc.
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- ---------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- ---------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- ---------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- ---------------------------------------------------------------------------------------------------------------------------
Total Assets
- ---------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- ---------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- ---------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- ---------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- ---------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- ---------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- ---------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- ---------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
101
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
Adwin Realty Company Consolidating
--------------------------------------------
* * *
(in millions) Signa Joint Riverwatch
Assets Venure Route 724 Associates
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- ----------------------------------------------------------------------------------------------
Total Current Assets
- ----------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- ----------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- ----------------------------------------------------------------------------------------------
Total Assets
- ----------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- ----------------------------------------------------------------------------------------------
Total Current Liabilities
- ----------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- ----------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- ----------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- ----------------------------------------------------------------------------------------------
Shareholder's Equity
- ----------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- ----------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
102
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
PECO Wireless, LP Consolidating
---------------------------------------------------------------------------------------
* * * * *
(in millions) PECO Wireless, LP PECO Wireless, LP ATNP Finance PEC Financial
Assets Consolidated Elimination Co PECO Wireless, LP Company Services, LLC
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Total Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- ------------------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
103
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
PECO Energy Capital Consolidating
-------------------------------------------------------------------------
* * * *
PECO Energy PECO Energy
(in millions) Capital Corp Capital Corp PECO Energy PECO Energy
Assets Consolidated Elimination Co Capital Corp Capital LP
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- ------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- ------------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- ------------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- ------------------------------------------------------------------------------------------------------------------------------
Total Assets
- ------------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- ------------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- ------------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- ------------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
104
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
Exelon Ventures Company Consolidating
-----------------------------------------------------------------------------------------
* * * * *
Exelon Ventures Exelon Ventures Exelon Exelon
(in millions) Company, LLC Company, LLC Exelon Ventures Enterprises Co, Generation Co,
Assets Consolidatd Elimination Co Company, LLC LLC Consolidated Consol Ex Corp
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Total Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- ------------------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
105
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
Exelon Enterprises Co. Consolidating
-------------------------------------------------------------------------------------
* * * * *
Exelon Exelon Enterprises Adwin Exelon
(in millions) Enterprises Co, Company, LLC Exelon Enterprises Equipment Services, Inc.
Assets LLC Consolidated Elimination Co. Company, LLC Company Consolidated
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- --------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- --------------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- --------------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- --------------------------------------------------------------------------------------------------------------------------------
Total Assets
- --------------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- --------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- --------------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- --------------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- --------------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- --------------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- --------------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- --------------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
106
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
Exelon Enterprises Co. Consolidating
---------------------------------------------------------------------------------
* * * *
UNICOM UNICOM Exelon
(in millions) Power Power Thermal Holdings Infrasource, Inc.
Assets Holding, Inc. Marketing, Inc. Inc. consolidated Consolidated
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- -------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- -------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- -------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- -------------------------------------------------------------------------------------------------------------------------
Total Assets
- -------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- -------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- -------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- -------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- -------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- -------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- -------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- -------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
107
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
Exelon Energy Co. Consolidating
----------------------------------------------------------------------------------------
* * * *
Exelon
(in millions) Exelon Energy Enterprises Mgmnt, Inc. Exelon Energy Exelon Energy Co
Assets Co Consolidated Consolidated Co Consolidated Elimination Co
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Total Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- ------------------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
108
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
Exelon Energy Co. Consolidating
------------------------------------------------------------------
* * *
All Energy Gas &
(in millions) Exelon Energy Electric Marketing Exelon Energy
Assets Corp Consolidatd Co, LLC Consolidated Ohio, Inc.
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- ----------------------------------------------------------------------------------------------------------------------
Total Current Assets
- ----------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- ----------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- ----------------------------------------------------------------------------------------------------------------------
Total Assets
- ----------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- ----------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- ----------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- ----------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- ----------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- ----------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- ----------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- ----------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
109
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
InfraSource Inc. Consolidating
-------------------------------------------------------------------------------
* * * * *
InfraSource InfraSource InfraSource OSP
(in millions) Inc. Inc. InfraSource Integrated Consultants
Assets Consolidated Elimination Inc. Services, Inc. Inc.
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Total Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- ------------------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
110
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
InfraSource Inc. Consolidating
-------------------------------------------------------------------------------
* * * * * *
VSI EIS Blair Park Electric Dashiell MJ
(in millions) Group Engineering Services Services Holdings Electric
Assets Inc. Inc. Inc. Inc. Corporation Inc.
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- ------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- ------------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- ------------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- ------------------------------------------------------------------------------------------------------------------------------
Total Assets
- ------------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- ------------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- ------------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- ------------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
111
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
InfraSource Inc. Consolidating
---------------------------------------------------------------------------------------
* * * * * *
Fischbach Syracuse MRM Michigan Trinity Chowns
(in millions) & Moore Merit Technical Trenching Industries Communications
Assets Electric, Inc. Electric, Inc. Group, Inc. Services, Inc. Inc. Inc.
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Total Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- ------------------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
112
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
Exelon Thermal Holdings, Inc. Consolidating
---------------------------------------------------------------------------------------
* * * * *
Exelon Thermal Exelon Thermal Exelon Thermal Exelon Thermal Exelon Thermal
(in millions) Holdings, Inc. Holdings, Inc. Holdings, Inc. Holdings Technologies
Assets Consolidated Eliminations Reclass Inc. Inc.
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Total Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- ------------------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
113
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
Exelon Thermal Holdings, Inc. Consolidating
---------------------------------------------------------------------------------------
* * * * * *
Exelon Thermal Northwind ETT ETT Northwind ETT
(in millions) Development Chicago Boston Houston Midway National
Assets Inc. LLC Inc. Inc. LLC Power, inc.
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- -----------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- -----------------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- -----------------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- -----------------------------------------------------------------------------------------------------------------------------------
Total Assets
- -----------------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- -----------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- -----------------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- -----------------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- -----------------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- -----------------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- -----------------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- -----------------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
114
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
Exelon Thermal Holdings, Inc. Consolidating ETT North America Inc. Consolidating
------------------------------------------- ------------------------------------
* * * * *
ETT ETT ETT North ETT North ETT North
(in millions) Arizona Nevada America, Inc. America, Inc. America, Inc.
Assets Inc. Inc. Consolidated Consolidated Eliminations
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- ----------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- ----------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- ----------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- ----------------------------------------------------------------------------------------------------------------------------
Total Assets
- ----------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- ----------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- ----------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- ----------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- ----------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- ----------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- ----------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- ----------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
115
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
ETT North America Inc. Consolidating
-------------------------------------------------
* * *
ETT North ETT Northwind Thermal
(in millions) America Canada Technologies
Assets Inc. Inc. Canada, Inc.
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- -----------------------------------------------------------------------------------------------------
Total Current Assets
- -----------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- -----------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- -----------------------------------------------------------------------------------------------------
Total Assets
- -----------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- -----------------------------------------------------------------------------------------------------
Total Current Liabilities
- -----------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- -----------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- -----------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- -----------------------------------------------------------------------------------------------------
Shareholder's Equity
- -----------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- -----------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
116
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
All Energy Gas & Electric Marketing Consolidating
--------------------------------------------------------------------------------------
* * * *
All Energy Gas & All Energy Gas &
(in millions) Electric Marketing Electric Marketing Texas Ohio Gas Inc. Texas Ohio Gas Inc.
Assets Co, LLC Consolidated Eliminating Co Boston Ohio
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Total Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- ------------------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
117
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
Exelon Enterprises Management Consolidating
----------------------------------------------------------------------------------
* * * *
Exelon Exelon Exelon Exelon
(in millions) Enterprises Mgmnt. Enterprises Mgmnt. Enterprises Capital Partners
Assets Inc. Consolidated Inc. Elimination Co Mgmt. Inc. Inc. Consolidated
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- ---------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- ---------------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- ---------------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- ---------------------------------------------------------------------------------------------------------------------------------
Total Assets
- ---------------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- ---------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- ---------------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- ---------------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- ---------------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- ---------------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- ---------------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- ---------------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
118
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
Exelon Capital Partners Consolidating
--------------------------------------------------------------------------------
* * * *
Exelon Exelon Exelon ECP
(in millions) Capital Partners Capital Partners Capital Partners Telecomunications
Assets Inc. Consolidated Inc. Elimination Inc. LLC, Consolidated
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- -----------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- -----------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- -----------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- -----------------------------------------------------------------------------------------------------------------------------
Total Assets
- -----------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- -----------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- -----------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- -----------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- -----------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- -----------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- -----------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- -----------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
119
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
Exelon Capital Partners Consolidating ECP Telecom. Consolidating
------------------------------------- ------------------------------------------------
* * * * *
Exelon Enterprises ECP ECP ECP Energy
(in millions) Investments, Inc. Telecom. LLC Telecom. LLC Telecom Trading
Assets Consolidated Consolidated Elimination LLC Company
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Total Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- ------------------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Exelon Enterprises Investments Consolidating
-------------------------------------------------------------------------------------
* * * *
Exelon Enterprises Exelon Enterprises EEI
(in millions) Investments, Inc. Investments, Inc. Exelon Enterprises Telecomunications
Assets Consolidated Elimination Co Investments, Inc. Holding, Co Consolidated
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Total Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- ------------------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
120
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
EEI Telecom. Holding Consolidating
-----------------------------------------------------------------------------
* * * *
EEI EEI EEI Exelon
(in millions) Telecom. Holding Telecom. Holding Telecom. Communications
Assets Co Consolidated Co Elimination Holding, Co LLC Consolidated
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- ---------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- ---------------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- ---------------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- ---------------------------------------------------------------------------------------------------------------------------------
Total Assets
- ---------------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- ---------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- ---------------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- ---------------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- ---------------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- ---------------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- ---------------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- ---------------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
121
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
Exelon Communications Consolidating
----------------------------------------------------------------------------------------
* * * * *
Exelon Exelon Exelon Exelon
(in millions) Communications Communications Communications PHT Holdings Communications
Assets LLC Consolidated LLC, Elimination Co LLC LLC Co LLC
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Total Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- ------------------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
122
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
Exelon Generation Consolidating
----------------------------------------------------------------------------------------
* * * *
Exelon Exelon Exelon Exelon Exelon
(in millions) Generation Co, Generation Co, Generation Co, Generation Co, Generation Co,
Assets Consol Ex Corp Reclass Ex Corp LLC Consolidated Reclass LLC Elimination Co
Current Assets
Cash and Cash Equivalents $ 224
Restricted Cash -
A/R - Customers 316
A/R - Affiliates 327
A/R - Other 165
Inventories - Fossil Fuel 105
Inventories - Materials and Supplies 202
Deferred Income Taxes -
Other 65
- ---------------------------------------------------------------------------------------------------------------------------------
Total Current Assets 1,404
- ---------------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment 2,003
Deferred Debits and Other Assets
Regulatory Asset -
Investments - Decomm 3,165
Investments 859
Goodwill, net -
Other 520
Notes Receivable/Payable - Affiliates 291
- ---------------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets 4,835
- ---------------------------------------------------------------------------------------------------------------------------------
Total Assets $ 8,242
- ---------------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable $ -
L-T Debt Due Within One Year 4
Payable to Affiliates -
Accounts payable 588
Accrued Expenses 310
Other Current Liabilities 171
- ---------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities 1,074
- ---------------------------------------------------------------------------------------------------------------------------------
Long Term Debt 1,021
Deferred Credits and Other Liabilities
Deferred Income Taxes (0)
Unamortized Investment Tax Credits 234
Other Noncurrent Liab - Decomm 1,353
Pension Obligation 118
Post Retirement Benefits Obligation 384
Spent Fuel obligation 843
Long Term Debt - Affiliates -
Other 280
- ---------------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities 3,212
- ---------------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock 2,315
Receivable from Parent -
Deferred Compensation -
Retained Earnings (Accumulated Deficit) 524
Accumulated OCI 97
- ---------------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity 2,936
- ---------------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity $ 8,242
- ---------------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
123
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
Exelon Generation Consolidating
---------------------------------------------------------------------------------
* * * * *
Exelon Penesco Cenesco Susquehanna Exelon
(in millions) Generation Company Company Electric Generation
Assets Company LLC LLC Company Finance Co
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- -------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- -------------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- -------------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- -------------------------------------------------------------------------------------------------------------------------------
Total Assets
- -------------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- -------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- -------------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- -------------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- -------------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- -------------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- -------------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- -------------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
124
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
Exelon Generation Consolidating
---------------------------------------------------------------------------------
* * * * *
Exelon Exelon Peaker Exelon PECO Exelon Peaker
(in millions) Allowance Development Power Holding Energy Power Development Ltd.
Assets Management Co General, LLC LP, Consolidated Co, Consolidated LLC, Consolidated
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Total Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- ------------------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
125
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
Exelon Power Holding Consolidating
----------------------------------------------------------------------
* * * *
Exelon Exelon Exelon Exelon
(in millions) Power Holding Power Holding Power Fossil
Assets LP, Consolidated LP, Elimination Holdings, LP Holdings, Inc
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- --------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- --------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- --------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- --------------------------------------------------------------------------------------------------------------------------
Total Assets
- --------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- --------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- --------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- --------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- --------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- --------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- --------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- --------------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
126
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
PECO Energy Power Consolidating
-------------------------------------------------------------
* * * *
PECO Energy PECO PECO Susquehanna
(in millions) Power Co. Energy Power Energy Power
Assets Consolidated Elimination Power, Co Company
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- --------------------------------------------------------------------------------------------------------------------
Total Current Assets
- --------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- --------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- --------------------------------------------------------------------------------------------------------------------
Total Assets
- --------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- --------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- --------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- --------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- --------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- --------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- --------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- --------------------------------------------------------------------------------------------------------------------
Exelon Corporation *CONFIDENTIAL TREATMENT REQUESTED
Form U5S May not add due to rounding.
December 31, 2001
127
Exelon Corporation Consolidating Balance Sheet as of December 31, 2001
Exelon Peaker Development Consolidating
-------------------------------------------------------------------------------------
* * * *
Exelon Peaker Exelon Peaker Exelon Peaker
(in millions) Development Ltd. Development Ltd. Development Ltd. Ex Tex
Assets LLC, Consolidated LLC, Elimination Co LLC LaPorte LP
Current Assets
Cash and Cash Equivalents
Restricted Cash
A/R - Customers
A/R - Affiliates
A/R - Other
Inventories - Fossil Fuel
Inventories - Materials and Supplies
Deferred Income Taxes
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Property Plant and Equipment
Deferred Debits and Other Assets
Regulatory Asset
Investments - Decomm
Investments
Goodwill, net
Other
Notes Receivable/Payable - Affiliates
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Debits and Other Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Total Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Notes Payable
L-T Debt Due Within One Year
Payable to Affiliates
Accounts payable
Accrued Expenses
Other Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Long Term Debt
Deferred Credits and Other Liabilities
Deferred Income Taxes
Unamortized Investment Tax Credits
Other Noncurrent Liab - Decomm
Pension Obligation
Post Retirement Benefits Obligation
Spent Fuel obligation
Long Term Debt - Affiliates
Other
- ------------------------------------------------------------------------------------------------------------------------------------
Deferred Credits and Other Liabilities
- ------------------------------------------------------------------------------------------------------------------------------------
Preferred Securities of Subsidiaries
Common Stock
Receivable from Parent
Deferred Compensation
Retained Earnings (Accumulated Deficit)
Accumulated OCI
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Total Liabilities and Shareholder's Equity
- ------------------------------------------------------------------------------------------------------------------------------------
128
Exelon Corporation Consolidating Cash Flows
For the Period Ending December 31, 2001
Exelon Corporation Consolidating
----------------------------------------------
* *
Exelon Exelon
(in millions) Corporation Corporation Exelon
Consolidated Eliminations Corporation
Cash Flows From Operating Activities
Net Income $ 1,428
Adjustments to Reconcile Net Income to Net Cash
Provided by Operating Activities:
Depreciation and Amortization 1,834
Provision for Uncollectible Accounts 145
Cumulative Effect of a Change in Accounting Principle (net of income tax) (12)
Reversal of Provision for Revenue Refund -
Deferred Income Taxes (68)
(Gains)/Losses from Sales of Investments
Cash Transferred in Restructuring -
Early Retirement and Separation Program 46
Midwest Independent System Operator Exit Fees -
Deferred Energy Costs 29
Equity in (Earnings) Losses of Unconsolidated Affiliates (62)
Net Realized Losses on Nuclear Decommissioning Trust Funds 127
Other Operating Activities 20
Changes in Working Capital:
Accounts Receivable 257
Inventories (33)
Accrued Expenses
Other Current Liabilities
Changes in Interco Receivables/Payables, net
Accounts Payable (129)
Payables to Affiliates -
Other Current Assets 33
- ------------------------------------------------------------------------------------------------------------------------------------
Net Cash Flows provided by (used in) Operating Activities 3,615
- ------------------------------------------------------------------------------------------------------------------------------------
Cash Flows From Investing Activities
Capital Expenditures (2,041)
Plant Removals, net
Acquisitions - Enterprises, net of cash acquired (30)
Investments in and Advances to Joint Ventures -
Proceeds of Sale of Investments
Dividends from/(Investments in) subsidiaries -
Note Receivable from Affiliate -
Proceeds from Nuclear Decommissioning Trust Funds 1,624
Investments in Nuclear Decommissioning Trust Funds (1,863)
Other Investing Activities (82)
- ------------------------------------------------------------------------------------------------------------------------------------
Net Cash Flows provided by (used in) Investing Activities (2,392)
- ------------------------------------------------------------------------------------------------------------------------------------
Cash Flows From Financing Activities
Change in Short-Term Debt (1,013)
Change in Intercompany Payable, Affiliate -
Retirement of Mandatorily Redeemable Preferred Stock
Issuance of Long-Term Debt 2,270
Retirement of Long-Term Debt (1,860)
Preferred Stock Redemptions (17)
Change in Restricted Cash (58)
Proceeds from Stock Option Exercises 39
Common Stock Repurchase -
Contribution from Parent -
Nuclear Fuel Lease Principal Payments -
Common Stock Forward Repurchase -
Dividends on:
Common Stock (583)
Preferred Stock -
Proceeds on Settlement of Interest Rate Swap Agreements -
Other Financing Activities (42)
- ------------------------------------------------------------------------------------------------------------------------------------
Net Cash Flows provided by (used in) Financing Activities (1,264)
- ------------------------------------------------------------------------------------------------------------------------------------
Change In Cash and Cash Equivalents (41)
Cash Transferred in Restructuring
Cash and Cash Equivalents at Beginning of Period 526
- ------------------------------------------------------------------------------------------------------------------------------------
Cash and Cash Equivalents at End of Period $ 485
- ------------------------------------------------------------------------------------------------------------------------------------
* Confidential Treatment Requested
May not add due to rounding
129
Exelon Corporation Consolidating Cash Flows
For the Period Ending December 31, 2001
Exelon Corporation Consolidating
----------------------------------------------
* * *
Unicom Unicom Exelon
(in millions) Investment, Inc. Resources Business
Consolidated Inc. Services Co.
Cash Flows From Operating Activities
Net Income
Adjustments to Reconcile Net Income to Net Cash
Provided by Operating Activities:
Depreciation and Amortization
Provision for Uncollectible Accounts
Cumulative Effect of a Change in Accounting Principle (net of income tax)
Reversal of Provision for Revenue Refund
Deferred Income Taxes
(Gains)/Losses from Sales of Investments
Cash Transferred in Restructuring
Early Retirement and Separation Program
Midwest Independent System Operator Exit Fees
Deferred Energy Costs
Equity in (Earnings) Losses of Unconsolidated Affiliates
Net Realized Losses on Nuclear Decommissioning Trust Funds
Other Operating Activities
Changes in Working Capital:
Accounts Receivable
Inventories
Accrued Expenses
Other Current Liabilities
Changes in Interco Receivables/Payables, net
Accounts Payable
Payables to Affiliates
Other Current Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Net Cash Flows provided by (used in) Operating Activities
- ------------------------------------------------------------------------------------------------------------------------------------
Cash Flows From Investing Activities
Capital Expenditures
Plant Removals, net
Acquisitions - Enterprises, net of cash acquired
Investments in and Advances to Joint Ventures
Proceeds of Sale of Investments
Dividends from/(Investments in) subsidiaries
Note Receivable from Affiliate
Proceeds from Nuclear Decommissioning Trust Funds
Investments in Nuclear Decommissioning Trust Funds
Other Investing Activities
- ------------------------------------------------------------------------------------------------------------------------------------
Net Cash Flows provided by (used in) Investing Activities
- ------------------------------------------------------------------------------------------------------------------------------------
Cash Flows From Financing Activities
Change in Short-Term Debt
Change in Intercompany Payable, Affiliate
Retirement of Mandatorily Redeemable Preferred Stock
Issuance of Long-Term Debt
Retirement of Long-Term Debt
Preferred Stock Redemptions
Change in Restricted Cash
Proceeds from Stock Option Exercises
Common Stock Repurchase
Contribution from Parent
Nuclear Fuel Lease Principal Payments
Common Stock Forward Repurchase
Dividends on:
Common Stock
Preferred Stock
Proceeds on Settlement of Interest Rate Swap Agreements
Other Financing Activities
- ------------------------------------------------------------------------------------------------------------------------------------
Net Cash Flows provided by (used in) Financing Activities
- ------------------------------------------------------------------------------------------------------------------------------------
Change In Cash and Cash Equivalents
Cash Transferred in Restructuring
Cash and Cash Equivalents at Beginning of Period
- ------------------------------------------------------------------------------------------------------------------------------------
Cash and Cash Equivalents at End of Period
- ------------------------------------------------------------------------------------------------------------------------------------
* Confidential Treatment Requested
May not add due to rounding
130
Exelon Corporation Consolidating Cash Flows
For the Period Ending December 31, 2001
Exelon Corporation Consolidating
----------------------------------------------
* *
Exelon Exelon
(in millions) Energy Delivery Ventures
Consol. Consolidated
Cash Flows From Operating Activities
Net Income
Adjustments to Reconcile Net Income to Net Cash
Provided by Operating Activities:
Depreciation and Amortization
Provision for Uncollectible Accounts
Cumulative Effect of a Change in Accounting Principle (net of income tax)
Reversal of Provision for Revenue Refund
Deferred Income Taxes
(Gains)/Losses from Sales of Investments
Cash Transferred in Restructuring
Early Retirement and Separation Program
Midwest Independent System Operator Exit Fees
Deferred Energy Costs
Equity in (Earnings) Losses of Unconsolidated Affiliates
Net Realized Losses on Nuclear Decommissioning Trust Funds
Other Operating Activities
Changes in Working Capital:
Accounts Receivable
Inventories
Accrued Expenses
Other Current Liabilities
Changes in Interco Receivables/Payables, net
Accounts Payable
Payables to Affiliates
Other Current Assets
- ---------------------------------------------------------------------------------------------------------------------------
Net Cash Flows provided by (used in) Operating Activities
- ---------------------------------------------------------------------------------------------------------------------------
Cash Flows From Investing Activities
Capital Expenditures
Plant Removals, net
Acquisitions - Enterprises, net of cash acquired
Investments in and Advances to Joint Ventures
Proceeds of Sale of Investments
Dividends from/(Investments in) subsidiaries
Note Receivable from Affiliate
Proceeds from Nuclear Decommissioning Trust Funds
Investments in Nuclear Decommissioning Trust Funds
Other Investing Activities
- ---------------------------------------------------------------------------------------------------------------------------
Net Cash Flows provided by (used in) Investing Activities
- ---------------------------------------------------------------------------------------------------------------------------
Cash Flows From Financing Activities
Change in Short-Term Debt
Change in Intercompany Payable, Affiliate
Retirement of Mandatorily Redeemable Preferred Stock
Issuance of Long-Term Debt
Retirement of Long-Term Debt
Preferred Stock Redemptions
Change in Restricted Cash
Proceeds from Stock Option Exercises
Common Stock Repurchase
Contribution from Parent
Nuclear Fuel Lease Principal Payments
Common Stock Forward Repurchase
Dividends on:
Common Stock
Preferred Stock
Proceeds on Settlement of Interest Rate Swap Agreements
Other Financing Activities
- ---------------------------------------------------------------------------------------------------------------------------
Net Cash Flows provided by (used in) Financing Activities
- ---------------------------------------------------------------------------------------------------------------------------
Change In Cash and Cash Equivalents
Cash Transferred in Restructuring
Cash and Cash Equivalents at Beginning of Period
- ---------------------------------------------------------------------------------------------------------------------------
Cash and Cash Equivalents at End of Period
- ---------------------------------------------------------------------------------------------------------------------------
* Confidential Treatment Requested
May not add due to rounding
131
Exelon Corporation Consolidating Cash Flows
For the Period Ending December 31, 2001
Exelon Energy Delivery Consolidating
-----------------------------------------------------
* * *
Exelon Exelon Exelon
(in millions) Energy Delivery Energy Delivery Energy Delivery
Consol. Elim / Reclass Company
Cash Flows From Operating Activities
Net Income
Adjustments to Reconcile Net Income to Net Cash
Provided by Operating Activities:
Depreciation and Amortization
Provision for Uncollectible Accounts
Cumulative Effect of a Change in Accounting Principle (net of income tax)
Reversal of Provision for Revenue Refund
Deferred Income Taxes
(Gains)/Losses from Sales of Investments
Cash Transferred in Restructuring
Early Retirement and Separation Program
Midwest Independent System Operator Exit Fees
Deferred Energy Costs
Equity in (Earnings) Losses of Unconsolidated Affiliates
Net Realized Losses on Nuclear Decommissioning Trust Funds
Other Operating Activities
Changes in Working Capital:
Accounts Receivable
Inventories
Accrued Expenses
Other Current Liabilities
Changes in Interco Receivables/Payables, net
Accounts Payable
Payables to Affiliates
Other Current Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Net Cash Flows provided by (used in) Operating Activities
- ------------------------------------------------------------------------------------------------------------------------------------
Cash Flows From Investing Activities
Capital Expenditures
Plant Removals, net
Acquisitions - Enterprises, net of cash acquired
Investments in and Advances to Joint Ventures
Proceeds of Sale of Investments
Dividends from/(Investments in) subsidiaries
Note Receivable from Affiliate
Proceeds from Nuclear Decommissioning Trust Funds
Investments in Nuclear Decommissioning Trust Funds
Other Investing Activities
- ------------------------------------------------------------------------------------------------------------------------------------
Net Cash Flows provided by (used in) Investing Activities
- ------------------------------------------------------------------------------------------------------------------------------------
Cash Flows From Financing Activities
Change in Short-Term Debt
Change in Intercompany Payable, Affiliate
Retirement of Mandatorily Redeemable Preferred Stock
Issuance of Long-Term Debt
Retirement of Long-Term Debt
Preferred Stock Redemptions
Change in Restricted Cash
Proceeds from Stock Option Exercises
Common Stock Repurchase
Contribution from Parent
Nuclear Fuel Lease Principal Payments
Common Stock Forward Repurchase
Dividends on:
Common Stock
Preferred Stock
Proceeds on Settlement of Interest Rate Swap Agreements
Other Financing Activities
- ------------------------------------------------------------------------------------------------------------------------------------
Net Cash Flows provided by (used in) Financing Activities
- ------------------------------------------------------------------------------------------------------------------------------------
Change In Cash and Cash Equivalents
Cash Transferred in Restructuring
Cash and Cash Equivalents at Beginning of Period
- ------------------------------------------------------------------------------------------------------------------------------------
Cash and Cash Equivalents at End of Period
- ------------------------------------------------------------------------------------------------------------------------------------
* Confidential Treatment Requested
May not add due to rounding
132
Exelon Corporation Consolidating Cash Flows
For the Period Ending December 31, 2001
Exelon Energy Delivery Consolidating
-----------------------------------------------------
Commonwealth PECO Energy
(in millions) Edison Company Company
Consolidated Consolidated
Cash Flows From Operating Activities
Net Income $ 607 $ 425
Adjustments to Reconcile Net Income to Net Cash
Provided by Operating Activities:
Depreciation and Amortization 665 416
Provision for Uncollectible Accounts 42 69
Cumulative Effect of a Change in Accounting Principle (net of income tax)
Reversal of Provision for Revenue Refund (15)
Deferred Income Taxes 14 (66)
(Gains)/Losses from Sales of Investments
Cash Transferred in Restructuring
Early Retirement and Separation Program
Midwest Independent System Operator Exit Fees (36)
Deferred Energy Costs 29
Equity in (Earnings) Losses of Unconsolidated Affiliates
Net Realized Losses on Nuclear Decommissioning Trust Funds
Other Operating Activities (2) 79
Changes in Working Capital:
Accounts Receivable 76 (54)
Inventories 16 (15)
Accrued Expenses 181 (78)
Other Current Liabilities (18)
Changes in Interco Receivables/Payables, net 73
Accounts Payable (14)
Payables to Affiliates (166) (55)
Other Current Assets 2 5
- -------------------------------------------------------------------------------------------------------------------------------
Net Cash Flows provided by (used in) Operating Activities 1,352 828
- -------------------------------------------------------------------------------------------------------------------------------
Cash Flows From Investing Activities
Capital Expenditures (839) (264)
Plant Removals, net (30)
Acquisitions - Enterprises, net of cash acquired
Investments in and Advances to Joint Ventures
Proceeds of Sale of Investments
Dividends from/(Investments in) subsidiaries
Note Receivable from Affiliate 417
Proceeds from Nuclear Decommissioning Trust Funds
Investments in Nuclear Decommissioning Trust Funds
Other Investing Activities 11 29
- -------------------------------------------------------------------------------------------------------------------------------
Net Cash Flows provided by (used in) Investing Activities (441) (235)
- -------------------------------------------------------------------------------------------------------------------------------
Cash Flows From Financing Activities
Change in Short-Term Debt (60)
Change in Intercompany Payable, Affiliate 25
Retirement of Mandatorily Redeemable Preferred Stock (18)
Issuance of Long-Term Debt 1,055
Retirement of Long-Term Debt (542) (1,416)
Preferred Stock Redemptions
Change in Restricted Cash 19 (69)
Proceeds from Stock Option Exercises
Common Stock Repurchase
Contribution from Parent 225
Nuclear Fuel Lease Principal Payments
Common Stock Forward Repurchase
Dividends on:
Common Stock (483) (342)
Preferred Stock (10)
Proceeds on Settlement of Interest Rate Swap Agreements 31
Other Financing Activities (23)
- -------------------------------------------------------------------------------------------------------------------------------
Net Cash Flows provided by (used in) Financing Activities (1,029) (579)
- -------------------------------------------------------------------------------------------------------------------------------
Change In Cash and Cash Equivalents (118) 14
Cash Transferred in Restructuring (31)
Cash and Cash Equivalents at Beginning of Period 141 49
- -------------------------------------------------------------------------------------------------------------------------------
Cash and Cash Equivalents at End of Period 23 32
- -------------------------------------------------------------------------------------------------------------------------------
* Confidential Treatment Requested
May not add due to rounding
133
Exelon Corporation Consolidating Cash Flows
For the Period Ending December 31, 2001
Exelon Ventures Consolidating
-----------------------------------------------------
* * *
Exelon Exelon
(in millions) Ventures Ventures Exelon Ventures
Consolidated Elim / Reclass Company, LLC
Cash Flows From Operating Activities
Net Income
Adjustments to Reconcile Net Income to Net Cash
Provided by Operating Activities:
Depreciation and Amortization
Provision for Uncollectible Accounts
Cumulative Effect of a Change in Accounting Principle (net of income tax)
Reversal of Provision for Revenue Refund
Deferred Income Taxes
(Gains)/Losses from Sales of Investments
Cash Transferred in Restructuring
Early Retirement and Separation Program
Midwest Independent System Operator Exit Fees
Deferred Energy Costs
Equity in (Earnings) Losses of Unconsolidated Affiliates
Net Realized Losses on Nuclear Decommissioning Trust Funds
Other Operating Activities
Changes in Working Capital:
Accounts Receivable
Inventories
Accrued Expenses
Other Current Liabilities
Changes in Interco Receivables/Payables, net
Accounts Payable
Payables to Affiliates
Other Current Assets
- ------------------------------------------------------------------------------------------------------------------------------------
Net Cash Flows provided by (used in) Operating Activities
- ------------------------------------------------------------------------------------------------------------------------------------
Cash Flows From Investing Activities
Capital Expenditures
Plant Removals, net
Acquisitions - Enterprises, net of cash acquired
Investments in and Advances to Joint Ventures
Proceeds of Sale of Investments
Dividends from/(Investments in) subsidiaries
Note Receivable from Affiliate
Proceeds from Nuclear Decommissioning Trust Funds
Investments in Nuclear Decommissioning Trust Funds
Other Investing Activities
- ------------------------------------------------------------------------------------------------------------------------------------
Net Cash Flows provided by (used in) Investing Activities
- ------------------------------------------------------------------------------------------------------------------------------------
Cash Flows From Financing Activities
Change in Short-Term Debt
Change in Intercompany Payable, Affiliate
Retirement of Mandatorily Redeemable Preferred Stock
Issuance of Long-Term Debt
Retirement of Long-Term Debt
Preferred Stock Redemptions
Change in Restricted Cash
Proceeds from Stock Option Exercises
Common Stock Repurchase
Contribution from Parent
Nuclear Fuel Lease Principal Payments
Common Stock Forward Repurchase
Dividends on:
Common Stock
Preferred Stock
Proceeds on Settlement of Interest Rate Swap Agreements
Other Financing Activities
- ------------------------------------------------------------------------------------------------------------------------------------
Net Cash Flows provided by (used in) Financing Activities
- ------------------------------------------------------------------------------------------------------------------------------------
Change In Cash and Cash Equivalents
Cash Transferred in Restructuring
Cash and Cash Equivalents at Beginning of Period
- ------------------------------------------------------------------------------------------------------------------------------------
Cash and Cash Equivalents at End of Period
- ------------------------------------------------------------------------------------------------------------------------------------
* Confidential Treatment Requested
May not add due to rounding
134
Exelon Corporation Consolidating Cash Flows
For the Period Ending December 31, 2001
Exelon Ventures Consolidating
-----------------------------------------------------
*
Exelon Exelon
(in millions) Generation Co, Enterprises Co,
Consol Ex Corp LLC Consolidated
Cash Flows From Operating Activities
Net Income $ 524
Adjustments to Reconcile Net Income to Net Cash
Provided by Operating Activities:
Depreciation and Amortization 674
Provision for Uncollectible Accounts 16
Cumulative Effect of a Change in Accounting Principle (net of income tax) (12)
Reversal of Provision for Revenue Refund
Deferred Income Taxes 129
(Gains)/Losses from Sales of Investments
Cash Transferred in Restructuring
Early Retirement and Separation Program
Midwest Independent System Operator Exit Fees
Deferred Energy Costs
Equity in (Earnings) Losses of Unconsolidated Affiliates (90)
Net Realized Losses on Nuclear Decommissioning Trust Funds
Other Operating Activities 151
Changes in Working Capital:
Accounts Receivable 102
Inventories (36)
Accrued Expenses 60
Other Current Liabilities
Changes in Interco Receivables/Payables, net 44
Accounts Payable (46)
Payables to Affiliates
Other Current Assets (306)
- --------------------------------------------------------------------------------------------------------------------------------
Net Cash Flows provided by (used in) Operating Activities 1,210
- --------------------------------------------------------------------------------------------------------------------------------
Cash Flows From Investing Activities
Capital Expenditures (803)
Plant Removals, net
Acquisitions - Enterprises, net of cash acquired
Investments in and Advances to Joint Ventures
Proceeds of Sale of Investments
Dividends from/(Investments in) subsidiaries
Note Receivable from Affiliate
Proceeds from Nuclear Decommissioning Trust Funds
Investments in Nuclear Decommissioning Trust Funds (112)
Other Investing Activities (64)
- --------------------------------------------------------------------------------------------------------------------------------
Net Cash Flows provided by (used in) Investing Activities (979)
- --------------------------------------------------------------------------------------------------------------------------------
Cash Flows From Financing Activities
Change in Short-Term Debt
Change in Intercompany Payable, Affiliate (696)
Retirement of Mandatorily Redeemable Preferred Stock
Issuance of Long-Term Debt 821
Retirement of Long-Term Debt (4)
Preferred Stock Redemptions
Change in Restricted Cash
Proceeds from Stock Option Exercises
Common Stock Repurchase
Contribution from Parent
Nuclear Fuel Lease Principal Payments
Common Stock Forward Repurchase
Dividends on:
Common Stock (132)
Preferred Stock
Proceeds on Settlement of Interest Rate Swap Agreements
Other Financing Activities
- --------------------------------------------------------------------------------------------------------------------------------
Net Cash Flows provided by (used in) Financing Activities (11)
- --------------------------------------------------------------------------------------------------------------------------------
Change In Cash and Cash Equivalents 220
Cash Transferred in Restructuring
Cash and Cash Equivalents at Beginning of Period 4
- --------------------------------------------------------------------------------------------------------------------------------
Cash and Cash Equivalents at End of Period 224
- --------------------------------------------------------------------------------------------------------------------------------
* Confidential Treatment Requested
May not add due to rounding
135
Exelon Corporation Consolidating Statement of Retained Earnings
As of December 31, 2001
Exelon Corporation Consolidating
----------------------------------------------------------------------------
* * *
Exelon Exelon Unicom
(in millions) Corporation Corp. Rounding Exelon Investment, Inc.
Consolidated and Elimination Corporation Consolidated
Balance at the Beginning
of the Year $ 332
Net Income 1,428
Dividends
Common Stock (583)
Preferred Stock
Capital Stock Activity
Stock Forward Repurchase Contract -
Long-Term Incentive Plan Issuances 23
Unrealized losses on Marketable Securities, -
net of tax
Other Comprehensive Income, net of tax
---------------------------------------------------------------------------
Balance at End of Year $ 1,200
---------------------------------------------------------------------------
* Confidential Treatment Requested
May not add due to rounding.
136
Exelon Corporation Consolidating Statement of Retained Earnings
As of December 31, 2001
Exelon Corporation Consolidating
----------------------------------------------------------------------------
* * * *
Unicom Exelon Exelon Exelon
(in millions) Resources Business Energy Delivery Ventures
Inc. Services Company Co Consolidated Co Consolidated
Balance at the Beginning
of the Year
Net Income
Dividends
Common Stock
Preferred Stock
Capital Stock Activity
Stock Forward Repurchase Contract
Long-Term Incentive Plan Issuances
Unrealized losses on Marketable Securities,
net of tax
Other Comprehensive Income, net of tax
-------------------------------------------------------------------------------
Balance at End of Year
-------------------------------------------------------------------------------
* Confidential Treatment Requested
May not add due to rounding.
137
Exelon Corporation Consolidating Statement of Retained Earnings
As of December 31, 2001
Exelon Energy Delivery Consolidating
----------------------------------------------------------------------------
* * *
Exelon Exelon
(in millions) Energy Delivery Energy Delivery Exelon
Co Consolidated Elimination Energy Delivery
Balance at the Beginning
of the Year
Net Income
Dividends
Common Stock
Preferred Stock
Capital Stock Activity
Stock Forward Repurchase Contract
Long-Term Incentive Plan Issuances
Unrealized losses on Marketable Securities,
net of tax
Other Comprehensive Income, net of tax
---------------------------------------------------------------
Balance at End of Year
---------------------------------------------------------------
* Confidential Treatment Requested
May not add due to rounding.
138
Exelon Corporation Consolidating Statement of Retained Earnings
As of December 31, 2001
Exelon Energy Delivery Consolidating
----------------------------------------------------------------------------
Commonwealth PECO Energy
(in millions) Edison Company Company
Consolidated Consolidated
Balance at the Beginning
of the Year $ 133 $ 197
Net Income 607 425
Dividends
Common Stock (483) (342)
Preferred Stock (10)
Capital Stock Activity
Stock Forward Repurchase Contract - -
Long-Term Incentive Plan Issuances
Unrealized losses on Marketable Securities, - -
net of tax
Other Comprehensive Income, net of tax
------------------------------------------
Balance at End of Year $ 257 $ 270
------------------------------------------
* Confidential Treatment Requested
May not add due to rounding.
139
Exelon Corporation Consolidating Statement of Retained Earnings
As of December 31, 2001
Exelon Ventures Consolidating
----------------------------------------------------------------------------------------
* * * *
Exelon Exelon Exelon Exelon
(in millions) Ventures Ventures Exelon Generation Co, Enterprises Co,
Co Consolidated Elimination Ventures LLC Consolidated LLC Consolidated
Balance at the Beginning
of the Year $ -
Net Income 524
Dividends
Common Stock (69)
Preferred Stock
Capital Stock Activity
Stock Forward Repurchase Contract -
Long-Term Incentive Plan Issuances
Unrealized losses on Marketable Securities, -
net of tax
Other Comprehensive Income, net of tax
--------------------------------------------------------------------------------------
Balance at End of Year $ 455
--------------------------------------------------------------------------------------
* Confidential Treatment Requested
May not add due to rounding.
140
Notes to Financial Statements
Reference is made to "Notes to Consolidated Financial Statements" contained in
the Exelon 2001 Annual Report to Shareholders, which information is incorporated
by reference.
EXHIBITS
The following exhibits are incorporated by reference to the indicated SEC file
number, unless an asterisk appears next to the exhibit reference. A single
asterisk indicates exhibits which are filed herewith.
EXHIBIT
NUMBER DESCRIPTION
A. ANNUAL REPORTS FILED UNDER THE SECURITIES AND EXCHANGE ACT OF 1934
A.1 2001 Annual Report on Form 10-K for Exelon, ComEd and PECO,
File Nos. 01-16169, 01-1839 and 01-01401, respectively.
A.2 2001 Proxy Statement of Exelon Corporation. File No. 01-16169.
A.3 Exelon Corporation Form 8-K filed March 7,2002 containing Exelon
2001 financial statements, footnotes and management's discussion
and analysis.
ANNUAL REPORT FILED UNDER THE SECURITIES AND EXCHANGE ACT OF 1935
A.4 Exelon Generation Company, LLC Form S-4 Registration Statement.
File No. 333-85496.
141
B. CHARTERS, ARTICLES OF INCORPORATION, TRUST AGREEMENTS, BY-LAWS, AND
OTHER FUNDAMENTAL DOCUMENTS OF ORGANIZATION
The articles and bylaws of Exelon, ComEd, PECO, PEPCO, SECO, and Genco,
are incorporated by reference to the following:
Exelon 10-K
Exhibit No. Description
3-1 Articles of Incorporation of Exelon Corporation (Registration
Statement No. 333-37082, Form S-4, Exhibit 3-1).
3-2 Bylaws of Exelon Corporation (Registration Statement No.
333-37082, Form S-4, Exhibit 3-2).
3-3 Amended and Restated Articles of Incorporation of PECO Energy
Company. (File No. 1-1401, 2000 Form 10-K, Exhibit 3-3)
3-4 Bylaws of PECO Energy Company, adopted February 26, 1990 and
amended January 26, 1998 (File No. 1-01401, 1997 Form 10-K,
Exhibit 3-2).
3-5 Restated Articles of Incorporation of Commonwealth Edison Company
effective February 20, 1985, including Statements of Resolution
Establishing Series, relating to the establishment of three new
series of Commonwealth Edison Company preference stock known as
the "$9.00 Cumulative Preference Stock," the "$6.875 Cumulative
Preference Stock" and the "$2.425 Cumulative Preference Stock"
(File No. 1-1839, 1994 Form 10-K, Exhibit 3-2).
3-6 Bylaws of Commonwealth Edison Company, effective September 2,
1998, as amended through October 20, 2000. (File No. 1-1839, 2000
Form 10-K, Exhibit 3-6)
3-7 PECO Energy Power Company's Certificate of Organization and
Charter, By-laws amended as of December 23, 1993, and amendment
to Articles of Incorporation filed February 8, 1994, are
incorporated herein by reference (1991 Form U5S and 1993 Form
10-K, File No. 1-1392).
3-8 Susquehanna Power Company's Certificate of Organization is
incorporated herein by reference (1991 Form U5S, File No.
1-1392); By-laws amended December 23, 1993, and Charter amendment
filed February 8, 1994 are incorporated herein by reference (1993
Form U5S, File No. 1-1392).
Generation
Form S-4
Exhibits No.
3-1 Certificate of Formation of Exelon Generation Company, LLC.
3-2 Operating Agreement of Exelon Generation Company, LLC.
The articles and bylaws of Exelon Delivery, and Ventures are filed herewith on
Form SE.
142
C. The indentures or other fundamental documents defining the rights
of holders of funded debt listed below are incorporated by
reference:
Exelon 10-K
Exhibit No. Description
4-3 First and Refunding Mortgage dated May 1, 1923 between The
Counties Gas and Electric Company (predecessor to PECO Energy
Company) and Fidelity Trust Company, Trustee (First Union
National Bank, successor), (Registration No. 2-2281, Exhibit
B-1).
4-3-1 Supplemental Indentures to PECO Energy Company's First and
Refunding Mortgage:
Dated as of File Reference Exhibit No.
---------------- --------- -----------
May 1, 1927 2-2881 B-1(c)
March 1, 1937 2-2881 B-1(g)
December 1, 1941 2-4863 B-1(h)
November 1, 1944 2-5472 B-1(i)
December 1, 1946 2-6821 7-1(j)
September 1, 1957 2-13562 2(b)-17
May 1, 1958 2-14020 2(b)-18
March 1, 1968 2-34051 2(b)-24
March 1, 1981 2-72802 4-46
March 1, 1981 2-72802 4-47
December 1, 1984 1-01401, 1984 Form 10-K 4-2(b)
April 1, 1991 1-01401, 1991 Form 10-K 4(e)-76
December 1, 1991 1-01401, 1991 Form 10-K 4(e)-77
April 1, 1992 1-01401, March 31, 1992 4(e)-79
Form 10-Q
June 1, 1992 1-01401, June 30, 1992 4(e)-81
Form 10-Q
July 15, 1992 1-01401, June 30, 1992 4(e)-83
Form 10-Q
September 1, 1992 1-01401, 1992 Form 10-K 4(e)-85
March 1, 1993 1-01401, 1992 Form 10-K 4(e)-86
May 1, 1993 1-01401, March 31, 1993 4(e)-88
Form 10-Q
May 1, 1993 1-01401, March 31, 1993 4(e)-89
Form 10-Q
August 15, 1993 1-01401, Form 8-A dated 4(e)-92
August 19, 1993
November 1, 1993 1-01401, Form 8-A dated 4(e)-95
October 27, 1993
May 1, 1995 1-01401, Form 8-K dated 4(e)-96
May 24, 1995
October, 15, 2001
4-4 Mortgage of Commonwealth Edison Company to Illinois Merchants
Trust Company, Trustee (Harris Trust and Savings Bank, as current
successor Trustee), dated July 1, 1923, Supplemental Indenture
thereto dated August 1, 1944, and amendments and supplements
thereto dated, respectively, August 1, 1946, April 1, 1953, March
31, 1967, April 1,1967, July 1, 1968, October 1, 1968, February
28, 1969, May 29, 1970, June 1, 1971, May 31, 1972, June 15,
1973, May 31, 1974, June 13, 1975, May 28, 1976, and June 3,
1977. (File No. 2-60201, Form S-7, Exhibit 2-1).
143
4-5-1 Supplemental Indentures to aforementioned Commonwealth Edison
Mortgage.
Dated as of File Reference Exhibit No.
---------------- --------- -----------
August 1, 1946 2-60201, Form S-7 2-1
April 1, 1953 2-60201, Form S-7 2-1
March 31, 1967 2-60201, Form S-7 2-1
April 1, 1967 2-60201, Form S-7 2-1
February 28, 1969 2-60201, Form S-7 2-1
May 29, 1970 2-60201, Form S-7 2-1
June 1, 1971 2-60201, Form S-7 2-1
April 1, 1972 2-60201, Form S-7 2-1
May 31, 1972 2-60201, Form S-7 2-1
June 15, 1973 2-60201, Form S-7 2-1
May 31, 1974 2-60201, Form S-7 2-1
June 13, 1975 2-60201, Form S-7 2-1
May 28, 1976 2-60201, Form S-7 2-1
June 3, 1977 2-60201, Form S-7 2-1
May 17, 1978 2-60201, Form S-7 2-1
August 31, 1978 2-99665, Form S-3 4-3
June 18, 1979 2-99665, Form S-3 4-3
June 20, 1980 2-99665, Form S-3 4-3
April 16, 1981 2-99665, Form S-3 4-3
April 30, 1982 2-99665, Form S-3 4-3
April 15, 1983 2-99665, Form S-3 4-3
April 13, 1984 2-99665, Form S-3 4-3
April 15, 1985 2-99665, Form S-3 4-3
April 15, 1986 33-6879, Form S-3 4-9
June 15, 1990 33-38232, Form S-3 4-12
June 1, 1991 33-40018, Form S-3 4-12
October 1, 1991 33-40018, Form S-3 4-13
October 15, 1991 33-40018, Form S-3 4-14
February 1, 1992 1-1839, 1991 Form 10-K 4-18
May 15, 1992 33-48542, Form S-3 4-14
July 15, 1992 33-53766, Form S-3 4-13
September 15, 1992 33-53766, Form S-3 4-14
February 1, 1993 1-1839, 1992 Form 10-K 4-14
April 1, 1993 33-64028, Form S-3 4-12
April 15, 1993 33-64028, Form S-3 4-13
June 15, 1993 1-1839, Form 8-K dated 4-1
May 21, 1993
July 15, 1993 1-1839, Form 10-Q for 4-1
quarter ended June
30, 1993.
January 15, 1994 1-1839, 1993 Form 10-K 4-15
December 1, 1994 1-1839, 1994 Form 10-K 4-16
June 1, 1996 1-1839, 1996 Form 10-K 4-16
March 1, 2002
4-4-2 Instrument of Resignation, Appointment and Acceptance dated
February 20, 2002, under the provisions of the Mortgage dated
July 1, 1923, and Indentures Supplemental thereto, regarding
corporate trustee.
4-4-3 Instrument dated as of January 31, 1996, for trustee under the
Mortgage dated July 1, 1923 and Indentures Supplemental thereto,
regarding individual trustee (File No. 1-1839, 1995 Form 10-K,
Exhibit 4-29).
144
4-5 Indenture dated as of September 1, 1987 between Commonwealth
Edison Company and Citibank, N.A., Trustee relating to Notes
(File No. 1-1839, Form S-3, Exhibit 4-13).
4-6-1 Supplemental Indentures to aforementioned Indenture.
Dates as of File Reference Exhibit No.
------------------------------------------------------------
September 1, 1987 33-32929, Form S-3 4-16
January 1, 1977 1-1839, 1999 Form 10-K 4-21
September 1, 2000 1-1839, 2000 Form 10-K 4-7-3
Exelon Generation Company, LLC Form S-4, April 4, 2002, Indenture dated June, 1,
2001 between registrant and First Union National Bank (now Wachovia Bank,
National Association). Exhibit 4.1.
D. TAX ALLOCATION AGREEMENT PURSUANT TO RULE 45(c)
Filed with amended Form U5S dated April 30, 2002 for the period ending
December 31, 2000.
E. COPIES OF OTHER DOCUMENTS PRESCRIBED BY RULE OR ORDER.
None.
F. SCHEDULES SUPPORTING ITEMS OF THE REPORT.
*F.1 The consent of the independent accountants as to their opinion
on Exelon's consolidated financial statements and the
footnotes is included in Exhibit F.1.
*F.2 Supporting plant, depreciation and reserve schedules for
Commonwealth Edison Company and Commonwealth Edison Company of
Indiana, Inc. from FERC Form No. 1 - Annual Report of Major
Electric Utilities, Licensees, and Others as follows
filed herewith on Form SE.
Summary of Utility Plant and Accumulated Provisions for
Depreciation, Amortization and Depletion
Nuclear Fuel Materials
Electric Plant in Service
Electric Plant Held for Future Use
Construction Work in Progress - Electric
Accumulated Provision for Depreciation of Electric Utility
Plant
Non-utility Property
*F.3 Supporting plant, depreciation and reserve schedules for and
SECO from FERC Form No. 1 - Annual Report of Major Electric
Utilities, Licensees, and Others and the Annual Report to the
Pennsylvania Public Utility Commission filed herewith on Form
SE.
Summary of Utility Plant and Accumulated Provisions for
Depreciation, Amortization and Depletion
Nuclear Fuel Materials
145
Electric Plant in Service
Electric Plant Held for Future Use
Construction Work in Progress - Electric
Accumulated Provision for Depreciation of Electric Utility
Plant
Non-utility Property
Utility Plant and Adjustments
Completed Construction not Classified
Preliminary Retirement Estimates
Accumulated Provision for Depreciation, Amortization, and
Depletion of Plant and Adjustments
*G. ORGANIZATION CHART
(Filed on Form SE)
H. EWG OR FOREIGN UTILITY COMPANY FINANCIAL STATEMENTS
*I.1 AmerGen Energy Company, LLC Financial Statements
Filed confidentially on Form SE.
*I.2 Sithe Energies, Inc. and Subsidiaries Consolidated Financial
Statements
Filed confidentially on Form SE.
*I.3 ExTex LaPorte
Filed confidentially on Form SE.
SIGNATURE
Exelon Corporation, a registered holding company, has duly caused this annual
report for the year ended December 31, 2001 to be signed on its behalf by the
undersigned thereunto duly authorized, pursuant to the requirements of the
Public Utility Holding Company Act of 1935.
EXELON CORPORATION
By: /S/Ruth Ann M. Gillis
---------------------
Ruth Ann M. Gillis
Senior Vice President and
Chief Financial Officer
May 1, 2002
146
Exhibit F.1
CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in this Annual Report to the
Securities and Exchange Commission on Form U5S of Exelon Corporation for the
year ended December 31, 2001 filed pursuant to the Public Utility Holding
Company Act of 1935, of our report dated January 29, 2002, except for Note 25
for which the date is March 1, 2002, relating to the consolidated financial
statements of Exelon Corporation which are incorporated by reference in their
Annual Report on Form 10-K for the year ended December 31, 2001.
May 1, 2002
PricewaterhouseCoopers
Chicago, Illinois
May 1, 2002
147
