United States
Securities and Exchange Commission
Washington, D.C. 20549
Form U-13-60
Annual Report
For the Period
Beginning January 1, 2002 and Ending December 31, 2002
TO THE
U.S. SECURITIES AND EXCHANGE COMMISSION
FOR
EXELON BUSINESS SERVICES COMPANY
A Subsidiary Service Company
Date of Incorporation 12/31/00
------------------------------
State of Sovereign Power under which Incorporated or Organized Pennsylvania
-----------------
Location of Principal Executive Offices of Reporting Company
10 South Dearborn St., Chicago, IL 60680-5379
---------------------------------------------
Name, title, and address of officer to whom correspondence concerning this
report should be addressed:
Robert S. Shapard Executive Vice-President and Chief Financial Officer
- ---------------------- ------------------------------------------------------
(Name) (Title)
10 South Dearborn Street, Chicago, IL 60680-5379
------------------------------------------------
(Address)
Name of Principal Holding Company Whose Subsidiaries are served by Reporting
Company:
Exelon Corporation
- --------------------------------------------------------------------------------
LISTING OF SCHEDULES AND ANALYSIS OF ACCOUNTS
Schedule of
Account Page
Description of Schedules and Accounts Number Number
- -----------------------------------------------------------------------------------------------------
Comparative Balance Sheet Schedule I 4-5
Service Company Property Schedule II 6
Accumulated Provision for Depreciation
and Amortization of Service Company Property Schedule III 7
Investments Schedule IV 8
Accounts Receivable from Associate Companies Schedule V 9-10
Fuel Stock Expenses Undistributed Schedule VI 11
Stores Expense Undistributed Schedule VII 11
Miscellaneous Current and Accrued Assets Schedule VIII 12
Miscellaneous Deferred Debits Schedule IX 12
Research, Development, or Demonstration Expenditures Schedule X 13
Proprietary Capital Schedule XI 13-14
Long-Term Debt Schedule XII 14
Current and Accrued Liabilities Schedule XIII 15
Notes to Financial Statements Schedule XIV 16
Comparative Statement of Income Schedule XV 17
Analysis of Billing - Associated Companies Account 457 18
Analysis of Billing - Non Associate Companies Account 458 19
Analysis of Charges for Service-Associate and
and Non Associate Companies Schedule XVI 20-23
Schedule of Expense Distribution by Department or Service Function Schedule XVII 24-27
Departmental Analysis of Salaries Account 920 28
Outside Services Employed Account 923 29-44
Employee Pensions and Benefits Account 926 45
General Advertising Expenses Account 930.1 46-47
Miscellaneous General Expenses Account 930.2 48
Rents Account 931 48
2
LISTING OF SCHEDULES AND ANALYSIS OF ACCOUNTS
---------------------------------------------
Schedule of
Account Page
Description of Schedules and Accounts Number Number
- -----------------------------------------------------------------------------------------------------
Taxes Other Than Income Taxes Account 408 49
Donations Account 426.1 50-51
Other Deductions Account 426.5 52-53
Notes to Statement of Income Schedule XVIII 54
Organization Chart 55
Methods of Allocation 56
Annual Statement of Compensation for Use of Capital Billed 57
Exhibit 1: Non-Service Associate Company Transactions 58
3
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
Schedule I - Comparative Balance Sheet
(in thousands)
Give balance sheet of the Company as of December 31 of the current period and
prior year.
Account Assets and Other Debits As of December 31
Current Prior
Service Company Property
101 Service Company Property (Schedule II) $162,382 $ 130,961
107 Construction work in progress (Schedule II) 94,273 52,285
---------- ---------
Total Property $256,655 $ 183,246
108 Less accumulated provision for depreciation
and amortization of service company property
(Schedule III) 79,559 51,235
-------- ---------
Net Service Company Property $177,096 $ 132,011
-------- ---------
Investments
123 Investments in associate companies (Schedule IV) $ - $ -
124 Other Investments (Schedule IV) 7,778 4,163
--------- ---------
Total Investments $ 7,778 $ 4,163
-------- ---------
Current and Accrued Assets
131 Cash $ - $ -
134 Special deposits - -
135 Working funds - -
136 Temporary cash investments (Schedule IV) - -
141 Notes receivable - -
143 Accounts receivable 40,473 60,641
144 Accumulated provision for uncollectible accounts - -
146 Accounts receivable from associate companies 87,206 93,144
(Schedule V)
152 Fuel stock expenses undistributed (Schedule VI) - -
154 Materials and supplies - 9
163 Stores expense undistributed (Schedule VII) - -
165 Prepayments 26,177 19,059
174 Miscellaneous current and accrued assets
(Schedule VIII) - -
-------- ---------
Total Current and Accrued Assets $153,856 $ 172,853
-------- ---------
Deferred Debits
181 Unamortized debt expense $ - $ -
184 Clearing Accounts 1,212 1,375
186 Miscellaneous deferred debits (Schedule IX) 2,134 7,884
188 Research, development, or demonstration
expenditures (Schedule X) - -
190 Accumulated deferred income taxes 61,762 45,866
-------- ---------
Total Deferred Debits $ 65,108 $ 55,125
-------- ---------
TOTAL ASSETS AND OTHER DEBITS $403,838 $ 364,152
======== =========
4
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
Schedule I - Comparative Balance Sheet
(in thousands)
Account Liabilities and Proprietary Capital As of December 31,
Current Prior
Proprietary Capital
201 Common stock issued (Schedule XI) $ - $ -
211 Miscellaneous paid-in capital (Schedule XI) 11,176 (3,321)
215 Appropriated retained earnings (Schedule XI) - -
216 Unappropriated retained earnings (Schedule XI) (2,000) 53
-------- ---------
Total Proprietary Capital $ 9,176 $ (3,268)
-------- ---------
Long-Term Debt
223 Advances from associate companies (Schedule XII) $ - $ -
224 Other long-term debt (Schedule XII) - -
225 Unamortized premium on long-term debt - -
226 Unamortized discount on long-term debt - debit - -
-------- ---------
Total Long-Term Debt $ - $ -
-------- ---------
Current and Accrued Liabilities
231 Notes payable $ - $ -
232 Accounts payable 94,328 90,493
233 Notes payable to associate companies (Schedule XIII) 77,700 33,000
234 Account payable to associate companies 54,140 32,995
(Schedule XIII)
236 Taxes accrued (11,744) 28,971
237 Interest accrued - -
238 Dividend declared - -
241 Tax collections payable (364) (1,274)
242 Miscellaneous current and accrued liabilities 15,094 6,452
(Schedule XIII)
-------- ---------
Total Current and Accrued Liabilities $229,154 $190,637
-------- ---------
Deferred Credits
253 Other deferred credits $135,146 $ 176,500
254 Accumulated deferred investment tax credits - -
-------- ---------
Total Deferred Credits $135,146 $176,500
-------- ---------
282 Accumulated Deferred Income Taxes $ 30,362 $ 283
-------- ---------
TOTAL LIABILITIES AND PROPRIETARY
CAPITAL $403,838 $ 364,152
======== =========
5
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Schedule II - Service Company Property
(in thousands)
Balance at Retirements Balance
Beginning or Other1 at Close
Description of Year Additions Sales Changes of Year
Service Company Property
Account
301 Organization $ - $ - $ - $ - $ -
303 Miscellaneous Intangible Plant - - - - -
304 Land and Land Rights - - - - -
305 Structures and Improvements - - - - -
306 Leasehold Improvements 12,873 1,352 (871) 4,115 17,469
307 Equipment2 100,920 30,857 (1,481) (163) 130,133
308 Office Furniture and
Equipment 4,481 2 (401) (7) 4,075
309 Automobiles, Other Vehicles and
Related Garage Equipment - - - - -
310 Aircraft and Airport Equipment 9,570 - - 9,570
311 Other Service Company
Property3 3,117 251 (813) (1,420) 1,135
-------- -------- -------- -------- ---------
SUB-TOTAL $130,961 $ 32,462 $(3,566) $ 2,525 $ 162,382
107 Construction Work in Progress4 52,285 78,600 - (36,612) 94,273
-------- -------- -------- -------- ---------
TOTAL $183,246 $111,062 $(3,566) $(34,087) $ 256,655
======== ======== ======== ========= =========
1 Provide an explanation of those changes considered material:
2 Subaccounts are required for each class of equipment owned. The service
company shall provide a listing by subaccount of equipment additions during
the year and the balance at the close of the year.
Balance at
Subaccount Description Additions Close of Year
Computer Software $ 14,307 96,919
Computer Equipment 16,550 31,332
Communications Equipment - 1,444
Office Machines - 438
-------- ---------
TOTAL $ 30,857 $ 130,133
======== =========
3 Describe other service company property:
Other service property primarily consists of graphic arts equipment.
4 Describe construction work in progress:
CWIP includes computer software, computer equipment, leasehold improvements,
audiovisual equipment, and furniture.
6
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Schedule III - Accumulated Provision for Depreciation and Amortization of
Service Company Property (in thousands)
Addit.
Charged Other
Balance at to Changes Balance
Beginning Account Retire- Add at Close
Description of Year 403 ments (Deduct)* of Year
Account
301 Organization $ - $ - $ - $ - $ -
303 Miscellaneous Intangible Plant - - - - -
304 Land and Land Rights - - - - -
305 Structures and Improvements - - - - -
306 Leasehold Improvements 3,201 1,503 - 105 4,809
307 Equipment 45,091 27,834 (1,467) - 71,458
308 Office Furniture and Fixtures 2,041 409 (401) - 2,049
309 Automobiles, Other Vehicles and
Related Garage Equipment - - - - -
310 Aircraft and Airport Equipment 508 287 - - 795
311 Other Service Company
Property 394 72 (115) 97 448
-------- -------- -------- -------- ----------
TOTAL $ 51,235 $ 30,105 $(1,983) $ 202 $ 79,559
======== ======== ======== ======== ==========
*Provide an explanation of those changes considered material:
7
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Schedule IV - Investments
(in thousands)
Instructions:
Complete the following schedule concerning investments.
Under Account 124 "Other Investments," state each investment separately, with
description, including, the name of issuing company, number of shares or
principal amount, etc.
Under Account 136, "Temporary Cash Investments," list each investment
separately.
Balance at Balance at
Description Beginning of Year Close of Year
Account 123 - Investment in Associate Companies $ - $ -
Account 124 - Other Investments
Supplemental Employee Retirement Plan Trust 4,163 7,778
Account 136 - Temporary Cash Investments - -
TOTAL $ 4,163 $ 7,778
-------- ---------
8
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Schedule V - Accounts Receivable from Associate Companies
(in thousands)
Instructions:
Complete the following schedule listing accounts receivable from each associate
company. Where the service company has provided accommodation or convenience
payments for associate companies, a separate listing of total payments for each
associate company by subaccount should be provided.
Balance at Balance at
Description Beginning of Year Close of Year
Account 146 - Accounts Receivable from Associate Companies
Adwin Realty Company $ - $ 11
AmerGen Energy Company, LLC 823 1,919
Commonwealth Edison Company - 17,595
Ex Tex LaPorte LP - 69
Exelon Communications Holding - 176
Exelon Corporation 4,077 2,606
Exelon Energy, Inc. 2,718 132
Exelon Enterprises Company, LLC 3,048 2,845
Exelon Enterprises Investment - 3
Exelon Generation Company, LLC - 14,937
Exelon Generation Finance Company -
Exelon Services, Inc. 36 64
Exelon Communications Company, LLC 28 6
Exelon Holdings, Inc. 15 8
InfraSource (formerly Exelon Infrastructure Services, Inc.) 1,141 111
PEC Financial Services, LLC 45 45
PECO Energy Company 80,762 46,237
PECO Energy Power Company - 1
PECO Energy Transition Trust 264 264
Susquehanna Electric Company 173 158
Susquehanna Power Company - 1
Unicom Thermal Holding 14 18
-------- ---------
TOTAL $93,144 $87,206
======== =========
9
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Schedule V - Accounts Receivable from Associate Companies - continued
(in thousands)
Analysis of Convenience or Accommodation Payments during 2002:
Amount
Affiliate Paid
Adwin Realty Company $ 10
AmerGen Energy Company, LLC 4
Exelon Energy, Inc. 722
Exelon Enterprises Company, LLC 745
Exelon Infrastructure Services, Inc. 494
Exelon Communications Company, LLC 54
Exelon Holdings Corp, Inc. 44
Exelon Generation Company, LLC (13,276)
Exelon Generation Finance Company 217
PECO Energy Company 80,336
Susquehanna Electric Company 284
Susquehanna Power Company 85
---------
Total Payments $ 69,719
=========
Convenience payments made for:
Account Payables $ 62,253
Corporate Credit Cards 15,779
Employee Benefits 53,358
Information System Purchases 3,329
Reimbursement from NEIL (65,000)
---------
Total Payments $ 69,719
=========
10
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Schedule VI - Fuel Stock Expenses Undistributed
(in thousands)
Instructions:
Report the amount of labor and expenses incurred with respect to fuel stock
expenses during the year and indicate amount attributable to each associate
company. Under the section headed "Summary" listed below give an overall report
of the fuel functions performed by the service company.
Description Labor Expenses Total
Account 152 - Fuel Stock Expenses Undistributed
None.
TOTAL $ - $ - $ -
Summary: Not applicable
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Schedule VII - Stores Expense Undistributed
(in thousands)
Instructions:
Report the amount of labor and expenses incurred with respect to stores expense
during the year and indicate amount attributed to each associate company.
Description Labor Expenses Total
Account 163 - Stores Expense Undistributed
None.
TOTAL $ - $ - $ -
11
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Schedule VIII - Miscellaneous Current and Accrued Assets
(in thousands)
Instructions:
Provide detail of items in this account. Items less than $10,000 may be grouped,
showing the number of items in each group.
Balance at Balance at
Description Beginning of Year Close of Year
Account 174 - Miscellaneous Current and
Accrued Assets
None.
TOTAL $ - $ -
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Schedule IX - Miscellaneous Deferred Debits
(in thousands)
Instructions:
Provide detail of items in this account. Items less than $10,000 may be grouped
by class by showing the number of items in each class.
Balance at Balance at
Description Beginning of Year Close of Year
Account 186 - Miscellaneous Deferred Debits
Accounting Subsystem Transactions Pending Distribution $ 2,998 $ 1,636
Deferred Unearned Compensation 3,337 498
Restructuring Balance Assigned at Merger 1,549 -
--------- --------
TOTAL $ 7,884 $ 2,134
========= ========
12
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Schedule X - Research, Development or Demonstration Expenditures
(in thousands)
Instructions:
Provide a description of each material research, development, or demonstration
project which incurred costs by the service corporation during the year.
Description Amount
Account 188 - Research, Development, or Demonstration Expenditures
None.
TOTAL $ -
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Schedule XI - Proprietary Capital
(in dollars)
Account Class of Number of Shares Par or Stated Outstanding Close of Period
Number Stock Authorized Value per Share No. of Shares Total Amount
201 Common 1,000 $0.01 100 $1.00
Instructions:
Classify amounts in each account with brief explanation, disclosing the general
nature of transactions which give rise to the reported amounts.
(in thousands)
Description Amount
Account 211 - Miscellaneous Paid-In Capital
Net balance transferred during restructuring $(3,321)
Investment by Exelon Corporation - Receipt of Tax Benefit 14,497
Account 215 - Appropriated Retained Earnings -
________
-
TOTAL $ 11,176
========
13
Instructions:
Give particulars concerning net income or (loss) during the year, distinguishing
between compensation for the use of capital owed or net loss remaining from
servicing non associates per the General Instructions of the Uniform System of
Accounts. For dividends paid during the year in cash or otherwise, provide rate
percentage, amount of dividend, date declared and date paid.
(in thousands)
Balance at Net Income Dividends Balance at
Description Beginning of Year or (Loss) Paid Close of Year
Account 216 -
Unappropriated Retained Earnings
Net Income (Loss) $ 250 $(1,628) $ - $ (1,378)
Other Comprehensive Income (197) (425) - (622)
------------ -------- --------- -------
TOTAL $ 53 $(2,053) $ - $ (2,000)
======== ======== ========= =========
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Schedule XII - Long Term Debt
(in thousands)
Instructions:
Advances from associate companies should be reported separately for advances on
notes, and advances on open account. Names of associate companies from which
advances were received shall be shown under the class and series of obligation
column. For Account 224 - Other long-term debt provide the name of creditor
company or organization, terms of the obligation, date of maturity, interest
rate, and the amount authorized and outstanding.
Terms of
Obligation
Class Beginning Balance
Name of & Series Date of Interest Amount at Close
Creditor of Obligation Maturity Rate Authorized Additions Deductions* of Year
Acct 223 -
Advances from
Associate
Companies:
None.
Acct 224 -
Other Long
Term Debt:
None.
TOTAL $ - $ - $ - $ -
*Give an explanation of Deductions:
14
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Schedule XIII - Current and Accrued Liabilities
(in thousands)
Instructions:
Provide balance of notes and accounts payable to each associate company. Give
description and amount of miscellaneous current and accrued liabilities. Items
less than $10,000 may be grouped, showing the number of items in each group.
Balance at Balance at
Description Beginning of Year Close of Year
Account 233 - Notes Payable to Associate Companies
Short - Term Notes Payable to Exelon Corporation
For Working Capital $ 33,000 $ 77,700
--------- ---------
TOTAL $ 33,000 $ 77,700
========= =========
Account 234 - Accounts Payable to Associate Companies
ATNP Finance Company $ - $ 1
Commonwealth Edison Company 5,560 -
Exelon Corporation - 4,331
Exelon Enterprises Company, LLC - 486
Exelon Generation Company, LLC 27,196 28,948
PECO Energy Company - 20,368
Susquehanna Power Company 233 -
Unicom Resources 6 6
--------- ---------
TOTAL $ 32,995 $ 54,140
========= =========
Account 242 - Miscellaneous Current and Accrued Liabilities
Accrued Vacation Pay/Paid Time Off $ 6,472 $ 7,104
Accrued Incentive Pay - 8,000
Other (20) (10)
--------- ---------
TOTAL $ 6,452 $ 15,094
========= =========
15
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Schedule XIV - Notes to Financial Statements
Instructions:
The space below is provided for important notes regarding the financial
statements or any account thereof. Furnish particulars as to any significant
contingent assets or liabilities existing at the end of the year. Notes relating
to financial statements shown elsewhere in this report may be indicated here by
reference.
On October 20, 2000, Exelon Corporation (Exelon), became the parent company for
each of PECO Energy Company (PECO Energy) and Commonwealth Edison Company as a
result of the completion of the transactions contemplated by an Agreement and
Plan of Exchange and Merger, as amended, among PECO, Unicom Corporation and
Exelon. Exelon is a Pennsylvania corporation and registered holding company
under the Public Utility Holding Company Act of 1935.
In January, 2001, Exelon restructured its regulated and unregulated companies.
Assets and liabilities were transferred from PECO Energy and Commonwealth Edison
Company to generation (Exelon Generation Company, LLC), and unregulated
companies (primarily, Exelon Enterprises Company, LLC) and the Exelon Business
Services Company, as appropriate.
Exelon Business Services Company is a wholly-owned subsidiary of Exelon and is
the service company for the Exelon system providing associate companies with a
variety of administrative, management and support services. These services are
provided at cost that results in Exelon Business Services Company operating on a
break-even basis.
Exelon Business Services Company follows the Uniform System of Accounts
prescribed by the Securities and Exchange Commission. The financial statements
are prepared in conformity with generally accepted accounting principles, which
requires the use of estimates. The actual results may differ from those
estimates.
16
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Schedule XV - Statement of Income
(in thousands)
Account Description Current Year Prior Year
Income
457 Services rendered to associate companies $ 413,082 $ 426,044
458 Services rendered to non associate companies 296 260
421 Miscellaneous income or loss 1,070 2,182
--------- ---------
Total Income $ 414,448 $ 428,486
--------- ---------
Expense
920 Salaries and wages $ 140,709 $ 80,687
921 Office supplies and expenses 30,962 44,593
922 Administrative expense transferred - credit - -
923 Outside services employed 124,048 185,717
924 Property insurance 28,438 15,560
925 Injuries and damages 206 450
926 Employee pensions and benefits 22,256 28,605
927 Regulatory commission expense - 2
930.1 General advertising expense 4,766 9,686
930.2 Miscellaneous general expense 8,408 12,016
931 Rents 12,547 9,442
932 Maintenance of structures and equipment 1,039 2,870
403 Depreciation and amortization expense 30,355 16,089
408 Taxes other than income taxes 6,919 6,773
409 Income taxes (45,492) 10,278
410 Provision for deferred income taxes 44,253 (6,157)
411 Provision for deferred income taxes - credit - 227
411.5 Investment tax credit - -
426.1 Donations 4,277 3,080
426.5 Other deductions 3,916 2,599
427 Interest on long-term debt - -
430 Interest on debt to associate companies 1,242 5,865
431 Other interest expense (2,773) (146)
--------- ---------
Total Expense $ 416,076 $ 428,236
--------- ---------
Net Income or (Loss) $ (1,628) $ 250
========= =========
17
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Analysis of Billing Associate Companies - Account 457
(in thousands)
Direct Indirect Compensation Total
Name of Costs Costs For Use Amount
Associate Company Charged Charged of Capital Billed
457-1 457-2 457-3
Adwin Equipment Company $ 1 $ $ $ 1
Adwin Realty Company 1 1
AmerGen Energy Company 4,910 154 25 5,089
ATNP Finance Company 5 5
Commonwealth Edison Company 75,085 61,982 (370) 136,697
Exelon Communications Company, LLC 224 224
Exelon Corporation 13,468 357 (6) 13,819
Exelon Energy 617 617
Exelon Enterprises Company, LLC 2,306 33,903 (502) 35,707
Exelon Enterprises Investments, Inc. 7 7
Exelon Generation Company, LLC 78,816 83,756 (887) 161,685
Exelon Generation Finance Company 21 21
Exelon Holdings, Inc. 100 100
Exelon Services Inc. 189 189
Ex Tex LaPorte LP 347 347
InfraSource, Inc. 487 487
PECO Energy Company 27,722 30,007 (199) 57,530
Susquehanna Electric Company 281 281
Unicom Power Holdings, Inc. 2 2
Unicom Thermal Holding, Inc. 273 273
--------- --------- --------- ---------
TOTAL $ 204,862 $ 210,159 $ (1,939) $ 413,082
========= ========= ========= =========
18
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Analysis of Billing Non Associate Companies - Account 458
(in thousands)
Instruction:
Provide a brief description of the services rendered to each non associate
company:
Name Direct Indirect Compens. Excess Total
Non Associate Cost Cost For Use Total or Amount
Company Charged Charged of Capital Cost Deficiency Billed
458-1 458-2 458-3 458-4
Administrative Services
Employee Benefit
Trusts $ 296 $ - $ - $ 296 $ - $ 296
--------- -------- --------- --------- --------- ---------
TOTAL $ 296 $ - $ - $ 296 $ - $ 296
========= ========= ========== ========== ========= =========
19
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Schedule XVI - Analysis of Charges for Service Associate and Non Associate Companies
(in thousands)
Instruction:
Total cost of service will equal for associate and non associate companies the
total amount billed under their separate analysis of billing schedules.
Associate Company Non Associate Company
Charges Charges
Description Direct Indirect Direct Indirect
Account of Items Cost Cost Total Cost Cost Total
920 Salaries & Wages $ 81,772 $ 58,820 $ 140,592 $ 117 $ - $ 117
921 Office Supplies
and Expenses 17,992 12,944 30,936 26 - 26
922 Administrative
Expense
Transferred-Credit - - - - - -
923 Outside Services
Employed 72,092 51,852 123,944 104 - 104
924 Property Insurance - 28,438 28,438 - - -
925 Injuries and Damages 120 86 206 - - -
926 Employee Pensions
and Benefits 12,934 9,303 22,237 19 - 19
928 Regulatory Commission
Expense - - - - - -
930.1 General Advertising
Expense - 4,766 4,766 - - -
930.2 Miscellaneous General
Expense 4,886 3,515 8,401 7 - 7
931 Rents 7,292 5,244 12,536 11 - 11
932 Maintenance of
Structures and
Equipment 604 434 1,038 1 - 1
403 Depreciation and
Amortization Expense - 30,355 30,355 - - -
408 Taxes Other Than
Income Taxes 4,021 2,892 6,913 6 - 6
409 Income Taxes - (45,492) (45,492) - - -
410 Provision for Deferred
Income Taxes - 44,253 44,253 - - -
411 Provision for Deferred
Income Taxes - Credit - - - - - -
411.5 Investment Tax Credit - - - - - -
426.1 Donations 2,486 1,787 4,273 4 - 4
426.5 Other Deductions 2,276 1,637 3,913 3 - 3
427 Interest on Long-Term
Debt - - - - - -
431 Other Interest Expense (1,612) (1,159) (2,771) (2) - (2)
-------- -------- -------- -------- ---------- ----------
TOTAL EXPENSE $ 204,863 $ 209,675 $ 414,538 $ 296 $ - $ 296
20
Associate Company Non Associate Company
Charges Charges
Description Direct Indirect Direct Indirect
Account of Items Cost Cost Total Cost Cost Total
Compensation for Use of Equity Capital
430 Interest on Debt to Associate Companies
- 1,242 1,242 - - -
-------- --------- --------- --------- --------- ---------
TOTAL COST OF
SERVICE $204,863 $210,917 $415,780 $ 296 $ - $ 296
======== ======== ======== ======== ========== =========
21
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Schedule XVI - Analysis of Charges for Service Associate and Non Associate
Companies - continued
(in thousands)
Instruction:
Total cost of service will equal for associate and non associate companies the
total amount billed under their separate analysis of billing schedules.
Total Charges for Services
Description Direct Indirect
Account of Items Cost Cost Total
920 Salaries & Wages $ 81,889 $ 58,820 $ 140,709
921 Office Supplies
and Expenses 18,018 12,944 30,962
922 Administrative
Expense
Transferred-Credit - - -
923 Outside Services
Employed 72,196 51,852 124,048
924 Property Insurance - 28,438 28,438
925 Injuries and Damages 120 86 206
926 Employee Pensions
and Benefits 12,953 9,303 22,256
928 Regulatory Commission
Expense - - -
930.1 General Advertising
Expense - 4,766 4,766
930.2 Miscellaneous General
Expense 4,893 3,515 8,408
931 Rents 7,303 5,244 12,547
932 Maintenance of
Structures and
Equipment 605 434 1,039
403 Depreciation and
Amortization Expense - 30,355 30,355
408 Taxes Other Than
Income Taxes 4,027 2,892 6,919
409 Income Taxes - (45,492) (45,492)
410 Provision for Deferred
Income Taxes - 44,253 44,253
411 Provision for Deferred
Income Taxes - Credit - - -
411.5 Investment Tax Credit - - -
426.1 Donations 2,490 1,787 4,277
426.5 Other Deductions 2,279 1,637 3,916
427 Interest on Long-Term
Debt - - -
431 Other Interest Expense (1,614) (1,159) (2,773)
-------- -------- --------
TOTAL EXPENSE $ 205,159 $ 209,675 $ 414,834
22
Total Charges for Services
Description Direct Indirect
Account of Items Cost Cost Total
Compensation for Use of Equity Capital
430 Interest on Debt to Associate Companies
- 1,242 1,242
-------- -------- --------
TOTAL COST OF
SERVICE $205,159 $210,917 $416,076
======== ======== ========
23
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Schedule XVII - Schedule of Expense Distribution by Department or Service Function
(in thousands)
DEPARTMENT OR SERVICE FUNCTION
Corporate Center
------------------------------------------------------
Description Total Human Finance &
Account of Items Amount Overhead Executive Planning Resources Accounting
920 Salaries and Wages $ 140,709 $ 22,431 $ 26,099 $ 3,094 $ 4,848 $ 13,433
921 Office Supplies and
Expenses 30,962 773 658 313 621 6,441
922 Administrative
Expense Transferred
-Credit - - - - - -
923 Outside Services
Employed 124,048 1,848 1,734 8,200 3,910 24,223
924 Property Insurance 28,438 - - - - 28,438
925 Injuries and Damages 206 43 - - (19) -
926 Employee Pensions
and Benefits 22,256 3,699 410 205 150 695
928 Regulatory
Commission
Expense - - - - - -
930.1 General Advertising
Expense 4,766 - 12 2 55 2
930.2 Miscellaneous
General Expense 8,408 10 - 64 1,332 1,006
931 Rents 12,547 (138) 204 190 296 1,175
932 Maintenance of
Structures and
Equipment 1,039 209 351 - 5 110
403 Depreciation and
Amortization
Expense 30,355 16,232 260 - 2,440 2,609
408 Taxes Other Than
Income Taxes 6,919 1,443 - - 648 -
409 Income Taxes (45,492) (45,760) - - - -
410 Provision for Deferred
Income Taxes 44,253 44,253 - - - -
411 Provision for Deferred
Income Taxes - Cr - - - - - -
411.5 Investment Tax Credit - - - - - -
426.1 Donations 4,277 - 13 - 46 7
426.5 Other Deductions 3,916 - - - 97 1,615
427 Interest on Long-Term
Debt - - - - - -
430 Interest on Debt to
Associate Companies 1,242 413 - - - -
431 Other Interest Expense (2,773) (2,486) - - 4
--------- --------- ---------------------- ------
TOTAL EXPENSES $ 416,076 $ 42,970 $ 29,741 $ 12,068 $ 14,429 $ 79,758
========= ========= ======== ======== ======== ========
24
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Schedule XVII - Schedule of Expense Distribution by Department or Service Function - continued
(in thousands)
DEPARTMENT OR SERVICE FUNCTION
Corporate Center
---------------------------------------------------------------------
Description Internal Public Environ- Govern Investor
Account of Items Audit Affairs mental Affairs Legal Relations
920 Salaries and Wages $ 2,341 $ 1,423 $ 770 $ 1,261 $ 4,084 $ 819
921 Office Supplies and
Expenses 340 980 346 519 567 138
922 Administrative
Expense Transferred
-Credit - - - - - -
923 Outside Services
Employed 2,266 234 661 121 2,071 561
924 Property Insurance - - - - - -
925 Injuries and Damages - - - - 155 -
926 Employee Pensions
and Benefits 172 186 229 107 280 -
928 Regulatory
Commission
Expense - - - - - -
930.1 General Advertising
Expense - 4,613 - 1 - -
930.2 Miscellaneous
General
Expense - 1,545 - 219 2,812 1,568
931 Rents 287 160 67 311 198 90
932 Maintenance of
Structures and
Equipment 1 - 1 131 2 -
403 Depreciation and
Amortization
Expense - - - - 98 -
408 Taxes Other Than
Income Taxes - 1 - - - -
409 Income Taxes - - - - - -
410 Provision for Deferred
Income Taxes - - - - - -
411 Provision for Deferred
Income Taxes - Cr - - - - - -
411.5 Investment Tax Credit - - - - - -
426.1 Donations 2 4,126 - 27 - 1
426.5 Other Deductions - 235 - 1,231 - 278
427 Interest on Long-Term
Debt - - - - - -
430 Interest on Debt to
Associate Companies - - - - - -
431 Other Interest Expense - - - - - -
--------------------------------------------------------------
TOTAL EXPENSES $ 5,409 $13,503 $ 2,074 $ 3,928 $10,267 $ 3,455
======== ======= ======== ========== ======= ========
25
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Schedule XVII - Schedule of Expense Distribution by Department or Service Function - continued
(in thousands)
DEPARTMENT OR SERVICE FUNCTION
EDSS Business Services Company (BSC)
---- ----------------------------------
Description Human Financial
Account of Items Executive Overhead Resources Services Legal
920 Salaries and Wages $ 3,331 $ 16,946 $ 5,769 $ 4,253 $ 8,810
921 Office Supplies and 2,462 (1,782) 1,333 1,447 504
Expenses
922 Administrative
Expense Transferred
-Credit - - - - -
923 Outside Services
Employed 419 3,507 7,893 3,268 1,199
924 Property Insurance - - - - -
925 Injuries and Damages - 20 4 (50) 53
926 Employee Pensions
and Benefits 48 15,349 490 - -
928 Regulatory
Commission
Expense - - - - -
930.1 General Advertising
Expense - 58 - - -
930.2 Miscellaneous
General
Expense 61 (244) 1 - 4
931 Rents 9 8,617 237 5 115
932 Maintenance of
Structures and
Equipment 1 182 5 4 -
403 Depreciation and
Amortization
Expense - 2,578 745 284 594
408 Taxes Other Than
Income Taxes 34 4,793 - - -
409 Income Taxes - 268 - - -
410 Provision for Deferred
Income Taxes - - - - -
411 Provision for Deferred
Income Taxes - Cr - - - - -
411.5 Investment Tax Credit - - - - -
426.1 Donations 5 29 - - -
426.5 Other Deductions - 460 - - -
427 Interest on Long-Term
Debt - - - - -
430 Interest on Debt to
Associate Companies - 829 - - -
431 Other Interest Expense - (247) - - (40)
-------------------- ---------------------- ------------
TOTAL EXPENSES $ 6,370 $ 51,363 $ 16,477 $ 9,211 $ 11,239
========= ========= ========= ========= ========
26
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Schedule XVII - Schedule of Expense Distribution by Department or Service Function - continued
(in thousands)
DEPARTMENT OR SERVICE FUNCTION
Business Services Company (BSC)
---------------------------------------
Description Audio
Account of Items Supply IT Security Visual
920 Salaries and Wages $ 663 $18,312 $ 1,316 $ 706
921 Office Supplies and
Expenses 134 15,028 102 38
922 Administrative
Expense Transferred
-Credit - - - -
923 Outside Services
Employed 509 61,183 93 148
924 Property Insurance - - - -
925 Injuries and Damages - - - -
926 Employee Pensions
and Benefits - 236 - -
928 Regulatory
Commission
Expense - - - -
930.1 General Advertising
Expense 14 9 - -
930.2 Miscellaneous
General
Expense (3) 33 - -
931 Rents (25) 749 - -
932 Maintenance of
Structures and
Equipment 1 36 - -
403 Depreciation and
Amortization
Expense 77 4,320 59 59
408 Taxes Other Than
Income Taxes - - - -
409 Income Taxes - - - -
410 Provision for Deferred
Income Taxes - - - -
411 Provision for Deferred
Income Taxes - Cr - - - -
411.5 Investment Tax Credit - - - -
426.1 Donations 20 - 1
426.5 Other Deductions - - - -
427 Interest on Long-Term
Debt - - - -
430 Interest on Debt to
Associate Companies - - - -
431 Other Interest Expense - - (4) -
-------- -------- -------- --------
TOTAL EXPENSES $ 1,390 $99,906 $ 1,567 $ 951
======== ========= ======== ========
27
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Departmental Analysis of Salaries - Account 920
(in thousands)
Departmental Salary Expense
Name of Department Included in Amounts Billed to
----------------------------- Number of
Indicate each department Total Parent Other Non Personnel
Or service function Amount Company Associates Associates End of Year
Corporate Center
Overhead $ 22,431 $ - $ 22,431 $ - -
Executive 26,099 17 26,082 - 19
Planning 3,094 2,081 1,013 - 12
Human Resources 4,848 - 4,848 - 14
Finance and Accounting 13,433 229 13,204 - 71
Internal Audit 2,341 - 2,341 - 26
Communications & Public Affairs 1,423 - 1,423 - 10
Environmental 770 770 - 5
Governmental Affairs 1,261 1,233 28 - 6
Legal 4,084 5 4,079 - 10
Investor Relations 819 - 819 - 5
Energy Delivery Shared Services 3,331 - 3,331 - 5
Business Services Company
Overhead 16,946 - 16,946 - 25
Human Resources 5,769 - 5,473 296 61
Financial 4,253 - 4,253 - 59
Legal 8,810 - 8,810 - 123
Supply Management 663 - 663 - 11
Information Technology 18,312 - 18,312 - 327
Security 1,316 - 1,316 - 13
Audio Visual 706 - 706 - 11
---------- ---------- --------- --------- ---------
TOTAL $140,709 $ 3,565 $136,848 $ 296 813
========= ========== ========= ========== =========
28
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Outside Services Employed - Account 923
(in thousands)
Instructions:
Provide a breakdown by subaccount of outside services employed. If the aggregate
amounts paid to any one payee and included within one subaccount is less than
$25,000, only the aggregate number and amount of all such payments included
within the subaccount need to be shown. Provide a subtotal for each type of
service.
Relationship
"A" Associate
From Whom Purchased Address "N" Non Associate Amount
Audit Services
Arthur Andersen LLC 33 W Monroe St N $ 1,503
Chicago IL 60603
Deloitte & Touche LLP 1700 Market St N 75
Philadelphia PA 19103-3984
Ernst & Young LLP P.O. BOX 96907 N 158
Chicago, IL 60693
PricewaterhouseCoopers LLP 2400 Eleven Penn Center N 3,129
Philadelphia PA 19103-2962
Protiviti Inc. 120 S. LaSalle N 449
Chicago, IL 60603
Washington, Pittman & 819 S Wabash Ave N 117
McKeever LLC Chicago IL 60605
Other (3 vendors) 51
---------
$ 5,482
---------
Audio Visual Services
Central Camera Company 230 S Wabash Avenue N $ 57
Chicago, IL 60604
Other (36 vendors) N 71
---------
$ 128
---------
Benefit Administration
AON Consulting P.O. BOX 93736 N $ 103
Chicago, IL 60673
Lina C/O First Union N 38
Philadelphia PA 19192
PMA Group 380 Sentry Parkway N 275
Blue Bell PA 19422-2328
Other (1 vendor) 2
---------
$ 418
---------
Conference Centers
Gregg Conference Center N $ 98
Hickory Ridge 1195 Summerhill Drive N 311
Lisle, IL 60532
29
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Outside Services Employed - Account 923 - continued
(in thousands)
Relationship
"A" Associate
From Whom Purchased Address "N" Non Associate Amount
Conference Centers - continued
Hyatt Regency McCormick Place 2233 S Martin Luther King Dr N 37
Chicago, IL 60616
Marriott International P.O. BOX 402642 N 171
Atlanta, GA 30384-2652
Softitel Chicago O'Hare 5550 N River Road N 91
Rosemont, IL 60018
Wyndham/Drake Hotel 2301 York Road N 36
Oak Brook, IL 60523
Other (6 vendors) 54
---------
$ 798
---------
Copyright Research
Copyright Clearance Center 222 Rosewood Dr N $ 107
---------
Danvers MA 01923
Corporate Aircraft Management
Executive Jet P.O. BOX 631196 N $ 1,010
---------
Cincinnati, OH 45263-1196625
Corporate Planning Consulting
A.T. Kearney P. O. BOX 96796 N $ 105
Chicago, IL 60693
Accenture, LLP 100 S Wacker Dr N 548
Chicago IL 60606
Andersen Corporate Finance, LLC 125 S. Clark, Rm 200 N 205
Chicago, Il 60603
Arthur Andersen LLC 33 W Monroe St N 3,002
Chicago IL 60603
Aspen Woods Consulting PO Box 584 N 237
Springboro OH 45066
Cambridge Energy Research Assoc. 20 University Road N 723
Cambridge MA 02138
Charles River Associates D-139 N 111
Boston, MA 02241- 3139
Deloitte Consulting File East PO Box 29490 N 977
New York NY 10087-9490
Diamondcluster International Inc. 38881 Eagle Way N 151
Chicago, IL 60678-1388
Harkins Cunningham 801 Pennsylvania Avenue N 128
Washington, DC 20004-2615
Jayne Thompson & Associates N 76
Knowledgeadvisors, Inc 11 South LaSalle N 51
Chicago IL 60603
30
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Outside Services Employed - Account 923 - continued
(in thousands)
Relationship
"A" Associate
From Whom Purchased Address "N" Non Associate Amount
Corporate Planning Consulting - continued
LBMC Strategic Staffing 301 Gallaher View Road N 30
Knoxville, TN 37919
Longview of America P.O. BOX 828311 N 214
Philadelphia, PA 19182-8311
The McAulay Firm 100 North Tryon Street N 128
Charlotte, NC 28202
McKinsley & Company P.O. BOX 7247-7255 N 862
Philadelphia, PA 19170-7255
The Northbridge Group 55 Old Bedford Rd N 1,453
Lincoln MA 01773
Power Plan Consultants, Inc 1600 Parkwood Circle, Ste600 N 57
Atlanta, GA 30339
Right Management Consultants P.O. BOX 8538-388 N 465
Philadelphia, PA 19171-0388
Russ Reynolds Associates, Inc. P.O. BOX 6427 N 51
New York, NY 10249-6427
Scott Madden Associates 2626 Glenwood Ave, Ste 480 N 500
Raleigh, NC 27608
Sieben Energy Associates 401 North Wabash Avenue N 75
Chicago, IL 60611
Spencer Stuart, SSI (U.S.) Inc PO Box 98991 N 343
Chicago IL 60693
TMP Worldwide 1528 Walnut St N 84
Philadelphia PA 19102
Other (20 vendors) N 397
---------
$ 10,973
Document Retention
Jordan Lawrence Group P.O. BOX 11750 N $45
---------
Clayton, MO 63105
Electricity
Commonwealth Edison Company A $ 258
--------
Employee Contracting
Advanced Personnel 1901 Butterfield Road N $ 34
Downers Grove, IL 60515
Kelly Services 1212 Solutions Center N 265
Chicago IL 60677
Kforce.com PO Box 277997 N 93
Atlanta GA 30384
Klatt Temporary 123 West Madison N 46
Chicago, IL 60602
31
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Outside Services Employed - Account 923 - continued
(in thousands)
Relationship
"A" Associate
From Whom Purchased Address "N" Non Associate Amount
Employee Contracting - continued
Manpower Services 2301 Market Street N 70
Philadelphia, PA 19103
Onsite Energy Services 7301 Parkway Dr N 352
Hanover MD 21076
Oxford Services P. O. BOX 88972 N 26
Chicago, IL 60680
Resource Connection File # 55221 N 1,832
Los Angeles CA 90074-5221
RHR International Company 220 Gerry Dr N 553
Wood Dale IL 60191
Other (5 vendors) 44
---------
$ 3,315
Employee Search
David Gomez & Associates 37558 Eagle Way N $ 137
Chicago IL 60615
Gregory Michaels & Associates 804 N Dearborn St N 85
Chicago IL 60610
Resource Systems 177 Broad Street N 51
Stamford, CT 06901
Other (3 vendors) N 40
---------
$ 313
Environmental Affairs Consulting
Axelrod & Steele, Inc. N $ 89
Five Winds International, LP N 255
ICF Consulting 9300 Lee Highway N 43
Fairfax VA 22031-1207
Parker & Associates N 213
Other (5 vendors) 78
---------
$ 678
Financial Analysis
Analysis Group Economics One Battle Square N $ 70
Cambridge MA 02138
Cap Gemini Ernst 1285 of the Americas N 102
New York NY 10019
Towers Perrin Forester & Crosby 1500 Market St N 1,915
Philadelphia PA 19102
---------
$ 2,087
---------
32
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Outside Services Employed - Account 923 - continued
(in thousands)
Relationship
"A" Associate
From Whom Purchased Address "N" Non Associate Amount
Financial Ratings Agency
Fitch IBCA, Inc. P.O. BOX 96663 N $ 75
Chicago, IL 60693-6663
Moody's Investors P.O. BOX 102597 N 353
Atlanta, GA 30368-0597
Standard & Poor's PO Box 80-2542 N 547
Chicago IL 60680
---------
$ 975
Financing
Andrew Kalotay & Associates 61 Broadway N $ 42
New York, NY 10006
Dresder, Kleinwort, 1301 Avenue of the Americas N 2,316
Wasserstein, Inc. New York, NY 10019
Morgan Stanley 1585 Broadway N 2,542
New York, NY 10036
Other (5 vendors) 42
---------
$ 4,942
Fleet Services
Commonwealth Edison Company A $ 92
---------
Foreign Relation Consulting
G2 Equities 980 N Michigan Ave N $ 95
Chicago, IL 60611 ---------
Human Resources Management Consulting
Career Concepts Inc. 140 West Germantown Pike N $ 58
Plymouth Meeting PA 19462
Donaldson, Thomas Ph. D. 214 North Roberts Road N 28
Bryn Mawr, PA 19010
Karen Dexter & Associates 2012 Chestnut Avenue N 29
Wilmette, IL 60091-1215
Mullin Consulting, Inc. 644 South Figueroa Street N 258
Los Angeles, CA 90017
Pilat HR Solution 496 Route 22 West N 105
Lebanon, NJ 08833
Other (31 vendors) N 203
---------
$ 681
---------
33
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Outside Services Employed - Account 923 - continued
(in thousands)
Relationship
"A" Associate
From Whom Purchased Address "N" Non Associate Amount
Informational Technology
Adesta Communications 1200 Landmark Center N $ 400
Omaha, NE 68102
Advanced Computing 3100 Dundee Rd. N 644
Northbrook, IL 60062
Advanced Software Products 3185 Horseshoe Drive South N 80
Naples, FL 34104-6138
Ajilon LLC 210 W Pensylvannia Ave N 429
Towson MD 21204
ALCAR Group, Inc. 5215 Old Orchard Rd N 184
Skokie IL 60077
Aldridge Electric Co 28572 Bradley Rd N 62
Libertyville, IL 60048-9540
Alternative Resources Corp. 1240 S. Broad St N 304
Lansdale PA 19446
Amdahl Corp 9939 W Higgins N 36
Rosemont IL 60018
American Computer Educators, Inc 1617 JFK Blvd N 79
Philadelphia PA 19103
Ameritech PO Box 92471 N 57
Chicago, IL 60675
Anacomp, Inc. 7905 Browning Rd N 59
Pennsauken NJ 08109
Anixter-Philadelphia 1400 N Providence Rd N 101
Media PA 19063
Answerthink PO Box 116525 N (481)
Atlanta, GA 30368
ASI Business Solutions, Inc. 2201 Renaissance Blvd N 161
King of Prussia, PA 19406
AT&T Solutions P.O. BOX 277761 N 1,136
Atlanta, GA 30384
Black Box Corporation 1000 Park Dr N 1,135
Lawrence PA 15055
Black Diamond Consulting PO Box 401 N 242
Grayslake, IL 60030
The Blackstone Group 360 North Michigan Avenue N 82
Chicago, IL 60601
Bloomberg PO Box 30244 N 77
Hartford CT 06150
BMC Software Distribution Inc. 2101 City West Blvd N 92
Houston TX 77042
Bottomline Technologies 155 Fleet St N 31
Portmouth NH 03801
Broadwing IT Consulting 1787 Sentry Parkway West N 37
Blue Bell PA 19422-2240
34
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Outside Services Employed - Account 923 - continued
(in thousands)
Relationship
"A" Associate
From Whom Purchased Address "N" Non Associate Amount
Information Technology - continued
Business Objects 3030 Orchard Parkway N 29
San Jose, CA 95134
CA Business Partners 125 E Lake St N 841
Bloomingdale IL 60108
CDB Software Inc POBox 420789 N 27
Houston TX 77242
CFC Inc. Route 796 PO Box 86 N 28
Kelton PA 19346
Check Free Corporation 25 Crossroads Dr N 27
Owings Mill MD 21117
Cisco Systems 8745 W. Higgins Rd, Ste 200 N 71
Chicago, IL 60631
ComDisco Inc 6111 N River Rd N 283
Rosemonth IL 60018
Commerce One 4440 Rosewood Drive N 37
Pleasanton, CA 94588
Compucom Systems 765 N. Route 83, Suite 105 N 212
Bensenville, IL 60106
Computer Assoc International Inc 2400 Cabot Dr N 126
Lisle IL 60532
Computer Workshop, Inc 1020 31st St N 67
Downers Grove IL 60515
Compuware Corporation 2 Pierce Plaza N 51
Itasca IL 60143
Corporate PC Source 1134 Tower Lane N 535
Bensenville IL 60106
Curtis Howland Company 872 S Milwaukee Ave N 106
Libertyville, IL 60048-4327
Custom Data Services N 27
Cybermation Inc 80 Tiverton Ct N 29
Markham ON L3ROG
Cymbrogi Consulting, Inc. 5885 Cumming Highway N 67
Sugar Hill GA 30518
Data Technology 215 First Street N 63
Cambridge, MA 02142
Datasoft Associates LLC 508 Tea Rose Lane N 56
Cherry Hill, NJ. 08003
Davidson-Reid, Cynthia 350 W 57th St N 30
New York NY 10019-3761
DDG Consulting, Inc. 15 E Kincaid Dr N 69
West Windsor NJ 08550
Delta Solutions 4 Parkway North N 141
Deerfield IL 60015
35
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Outside Services Employed - Account 923 - continued
(in thousands)
Relationship
"A" Associate
From Whom Purchased Address "N" Non Associate Amount
Information Technology - continued
Democracy Data & Communications 1029 North Royal Street N 25
Alexandria, VA 22314-1542
DHS & Associates O'Hare International Plaza N 58
10255 W. Higgins Rd
Rosemont, IL 60018
Digex, Inc. P.O. BOX 631763 N 34
Baltimore, MD 21263-1763
Forsythe McArthur Associates Inc 7500 Frontage Rd N 111
Skokie IL 60077
Fujitsu Technology Solutions 1250 E Arques Ave N 94
Sunnyvale CA 94088
Fusion Technology 1332 Laurie Lane N 1,074
Burr Ridge IL 60521
Fusion Labs 10100 N Central Expressway N 79
Dallas TX 75231
Gans, Gans & Associates 4129 East Fowler Ave N 38
Tampa FL 33617-2011
Gartner Group 56 Top Gallant Rd N 60
Stamford CT 06904
GGB Consulting Group, LLC 1566 Spring Meadow Lane N 102
Boothwyn PA 19061
Genuity 120 S LaSalle St N 597
Chicago IL 60603
Global Integrity Corporation 19 West 44th St N 46
New York NY 10036
H & W Computer Systems 6154 N Meeker Pl N 32
Boise ID 83713
Hewlett-Packard Company 8000 Foothills Blvd N 26
Roseville CA 95747
Hi-Tech Solutions Two Mid America Plaza N 552
Oakbrook Terrace IL 60181
Hummingbird PO BOX 8500- 3885 N 39
Philadelphia, PA 19178- 3885
Hyperion Solutions 1344 Crossman Ave N 141
Sunnyvale CA 94089
Hyre Electric 2320 W Ogden Ave N 295
Chicago, IL 60608- 1110
IBM Corporation 2005 Market St N 40,897
Philadelphia PA 19103-7099
IBM Global Services 455 Park Place N 658
Lexington KY 40511
Impromptu N 30
36
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Outside Services Employed - Account 923 - continued
(in thousands)
Relationship
"A" Associate
From Whom Purchased Address "N" Non Associate Amount
Information Technology - continued
Imprint Enterprise 1842 Centerpoint Dr N 56
Naperville IL 60563
Indus International 60 Spear St N 84
San Francisco CA 94120
Information Management Group 330 N Wabash N 83
Chicago, IL 60611
Information Technology 4680 Parkway Drive N 27
Development Group Mason, OH 45040
Innovative Systems Associates 725 Skippack N 31
Blue Bell PA 19422
Insource Partners 3940 N. Janssen Ave. N 306
Chicago, IL. 60613
Interactive Business Systems Inc 118 S Clinton N 103
Chicago IL 60661
Interpersonal Technology Group 100 Merrick Road N 25
Rockville Centre, NY 11570-4801
Interwoven 803 11th Avenue N 287
Sunnyvale CA 94089
Intraware, Inc. 1000 Cliff Mine Road N 38
Pittsburgh, PA 15275-1007
ISSC 44 South Broadway N 7,118
White Plains NY 10601
JC Anderson Incorporated 834 N. Church Road N 60
Elmhurst, IL 60126
Jefferson Wells International, Inc. 1600 Market St., Suite 1700 N 61
Philadelphia, PA 19103
Judge Group Two Bala Plaza N 352
Bala Cynwyd PA 19004-1510
JWT Specialized Co File 56434 N 26
Los Angeles, CA 90074-6434
Learning Tree International 1831 Michael Faraday Dr. N 78
Reston, VA 20190-5304
LFE Corp 55 Green Street N 84
Clinton, MA 01510-3099
Lowry Technologies 1717 Logan Avenue South N 250
Minneapolis, MN 55403
Lucent Technologies 209 Pleasant Hill Rd N 165
Flanders NJ 07836
Manpower Services 2301 Market St N 183
Philadelphia 19103-1380
Medius & Associates 1292 Williamsburg Lane N 82
Crystal Lake, IL 60014-2956
Megasys Computer 6815 8TH Street N.E. N 65
Calgary, AB T2E7H7
37
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Outside Services Employed - Account 923 - continued
(in thousands)
Relationship
"A" Associate
From Whom Purchased Address "N" Non Associate Amount
Information Technology - continued
Mercury Interactive Corp 10255 W. Higgins Rd N 67
Chicago, IL 60018
Meta Group, Inc. P.O. BOX 19114 N 118
Newark, NJ 07195-0114
Microsoft Consulting Services 3025 Highland Parkway N 25
Downers Grove IL 60515
MSLI, GP 6100 Neil Rd., Suite 210 N 84
Reno, NV 89511-1137
NetIQ Corporation 3553 N First St. N 59
San Jose CA 95134
Netpro Computing, Inc 7150 E Camel Back Rd. N 152
Scottsdale, AZ 85251
Nextira-One, LLC 470 Lapp Rd N 1,422
Malvern PA 19355-1212
Norlight Telecommunications 275 N. Corporate Drive N 40
Brookfield, WI 53045-5818
Paragon Solutions, Inc. 6021 Crescent Knoll Drive N 26
Raleigh, NC 27615
Peoplesoft USA 4460 Hacienda Dr N 1,610
Pleasanton CA 94588
Peregrine Connectivity, Inc 2425 N Central Expressway N 32
Richardson TX 75080
Perficient, Inc 1019 School St. N 356
Lisle, IL 60532
Peters & Associates, Inc 909 S Route 83 N 30
Elmhurst IL 60126
Power Plan Consultants Inc 1600 Parkwood Circle N 78
Atlanta GA 30339
PRG - Schultz USA P.O. Box 100101 N 661
Atlanta, GA 30384-0101
Priority Systems 4020 W. Glenlake N 103
Chicago, IL 60646
Programming Plus 3172 Friedens Lane N 76
Center Valley PA 18034
Proquire Plus 133 Peachtree St N 865
Atlanta Georgia 30303
Ptech, Inc. 500 Victory Road N 26
Marina Bay
Quincy, MA 02171-3132
Public Utilities Maintenance 8229 Boone Blvd., Suite 401 N 26
Vienna, VA 22182-9919
Quantum Crossings, LLC 455 N. Cityfront Plaza Dr. N 147
Chicago, IL 60611
Rapp Digital 11 Madison Ave N 804
New York NY 10010
38
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Outside Services Employed - Account 923 - continued
(in thousands)
Relationship
"A" Associate
From Whom Purchased Address "N" Non Associate Amount
Information Technology - continued
Recall Total Infromational Mmgmt N 212
Schaumberg IL 60173
Reed Elsevier Inc PO Box 2314 N 112
Carol Stream IL 60132
Resumix P.O. BOX 39000 N 61
San Francisco, CA 94139-5273
The Robert Francis Group 22 Crescent Road N 28
Westport, CT 06880
Ruddy, Margret 7300 West Dixon N 48
Forrest Park, IL 60130
SBC Global Markets 225 West Randolph, Suite 6A N 1,543
Chicago, IL 60606
SBC Global Network P.O. BOX 1838 N 3,115
Saginaw, MI 48605-0001
Scientel LLC 2650 McCormick Dr N 130
Clearwater FL 33759
Siemens Info & Comm Network, Inc 1701 Golf Rd N 450
Rollings Meadows IL 60008
Skill Builders Inc. 24 Salt Pond Rd N 31
South Kingtown, RI 02880
Smartforce 900 Chesapeake Drive N 142
Redwood City, CA 94063
Softmart Corporate Services 450 Acorn Lane N 757
Dowingtown PA 19335
Softmart Inc. 450 Acorn Lane N 675
Dowingtown PA 19335
Software Consulting Group 1400 North Providence Rd N 431
Media PA 19063
Spaan Technology, Inc. 850 West Jackson, Suite 250 N 111
Chicago, IL 60607
SPR 135 S. LaSalle ST., Dpt 6492 N 49
Chicago, IL 60674-6492
Storage Technology Corporation 10 S Wacker Dr N 427
Chicago IL 60606
Storage Tek Financial 1401 Pearl St N 326
Services Group Boulder CO 80302
Strohl Systems 631 Park Avenue N 157
King of Prussia, PA 19406
Sun Educational 500 El Dorado Blvd N 35
Broomfield, CO 80021
Sungard Recovery Services 1285 Drummers Lane N 413
Wayne, PA 19087
Systemware 15601 Dallas Parkway N 87
Addison TX 75001
39
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Outside Services Employed - Account 923 - continued
(in thousands)
Relationship
"A" Associate
From Whom Purchased Address "N" Non Associate Amount
Information Technology -continued
Technexxus, LLC 701 Pennsylvania Ave N 300
Washington, DC 20004
Technology Partners 14550 Torrey Chase N 92
Houston TX 77014
Teracloud Corporation 901 104TH Ave N 104
Bellevue, WA 98004
Tranxition N 60
Tri-Comp Consulting 4600 Maple CL. N 54
Brookfield IL 60513
Veritas 1600 Plymouth St N 143
Mt View CA 94043
Wallace Computer Services 230 W Monroe St N 60
Chicago IL 60606
WD Associates 515 Main St N 40
Delta PA 17314
XO Communications P.O. BOX 828618 N 239
Philadelphia, PA 19182-8618
XRT-Cerg America, Inc 1150 First Avenue N 131
King of Prussia PA 19406
Other (138 vendors) N 303
---------
$80,094
---------
Insurance
Mullin Insurance 644 S. Figueroa Street N $ 163
Los Angeles, CA 90017 ---------
Investor Relations
Shareholder.com 12 Clock Tower Place N 43
Maynard, MA 01754
Thomson Financial 7271 Collection Center Dr N 51
Chicago IL 60693
Other (3 vendors) N 48
---------
$ 142
Legal
Ballard Spahr Andrews & Ingersoll 1735 Market St N $ 433
Philadelphia PA 19103-7599
Derrick J. Vlad Associates 1230 Parkway Avenue N 32
West Trenton, NJ 08628
40
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Outside Services Employed - Account 923 - continued
(in thousands)
Relationship
"A" Associate
From Whom Purchased Address "N" Non Associate Amount
Legal - continued
Jones, Day, Reavis & Pogue PO Box 70294 N 76
Washington DC 20044
Legal Research Network, Inc. 1100 Glendon Avenue N 191
Los Angeles, CA 90024
Lynn P. Cohn Northwestern University N 45
Chicago IL 60611
Morgan, Lewis & Bockius PO Box 8500 N 100
Philadelphia PA 19178
Sidley & Austin One Bank Plaza N 1,278
Chicago IL 60603
Sonneschein Nath & Rosenthal 8000 Sears Tower N 183
Chicago IL 60606
William J. Donohue 1105 Blythe Ave N 133
Drexel Hill PA 19026
Winston & Strawn 35 W Wacker Dr N 35
Chicago IL 60601
Other (42 vendors) 224
---------
$ 2,832
---------
Mail Services
Commonwealth Edison Company A $ 888
---------
Occupation Health & Safety
Bensinger, DuPont & Associates 11300 Rockville N $ 94
Rockville, MD 20852
Cape Health Solutions 7511/2West Poplar Ave N 73
West Wildwood NJ 08260
Concentra Medical Centers 716 Loucks Rd N 29
York PA 17484
Dr. John Koehler, MD 750 Orth Rd N 130
Caledonia IL 61011-9471
Drugscan, Inc. 1119 Mearns Rd N 174
Warminster PA 18974-0097
Granieri, Samuel J. MD 4109 Johnson Ave N 72
Western Springs IL 60558
Gruft, James MD 17W682 Butterfield, Suite 200 N 87
Oakbrook Terrace, IL 60181
Knorr Associates 10 Park Place N 49
PO Box 400
Physician's Immediate Care 11475 North 2nd St N 110
Machesney Park IL 61014
Quest Diagnostics 1201 South Collegeville Rd N 28
CV-3035
Collegeville, PA 19426
41
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Outside Services Employed - Account 923 - continued
(in thousands)
Relationship
"A" Associate
From Whom Purchased Address "N" Non Associate Amount
Mail Services- Continued
University of Pennsylvania 3733 Spruce St N 103
Philadelphia PA 19104
Other (38 vendors) 100
---------
$ 1,049
---------
Outplacement Services
The Derson Group Ltd 332 S Michigan Ave N $ 40
Chicago IL 60604
Robertson Lowstuter, Inc. 2201 Waukegan Road N 70
Bannockburn, IL 60015-1527
Other (1 vendor) N 7
---------
$ 117
---------
Procurement
Inovis, Inc. 1277 Lenox Park Blvd N $ 54
Atlanta, GA 30319
Pantellos Group Limited Waterway Plaza One N 82
The Woodlands TX 77380
Other (8 vendors) N 47
---------
$ 183
---------
Risk Management
Deloitte & Touche 1700 Market St N $ 139
Philadelphia PA 19103-3984
Strategic Decision 135 South LaSalle Street N 52
Chicago, IL 60674-4628
---------
$ 191
---------
Security Services (6 Vendors) N $ 28
---------
Sky Boxes
Commonwealth Edison Company A $ 71
Skybox on Waveland 1254 West Addison Street N 36
Chicago, IL 60613
---------
$ 107
---------
Stock Services
Equiserve 4229 Collection Center Dr N $ 75
---------
Chicago IL 60693
Tax Service
Arthur Andersen LLC 33 W Monroe St N $ 401
Chicago IL 60603
Deloitte & Touche 1700 Market St N 423
Philadelphia PA 19103-3984
42
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Outside Services Employed - Account 923 - continued
(in thousands)
Relationship
"A" Associate
From Whom Purchased Address "N" Non Associate Amount
Tax Services - continued
Ernst & Young LLP P.O. BOX 96907 N 723
Chicago, IL 60693
KPMG, LLP 100 Matson Ford Rd N 65
Randor PA 19087-4568
McKee Nelson LLP 1919 M Street, NW N 187
Washington, DC 20036
Smart & Associates LLP 92 West Lancaster Ave N 65
Devon PA 19333
Other (5 vendors) N 32
----------
$1,896
----------
Training
The Ace Center Ridge Pike & Manor Road N
Lafayette Hill, PA 19444 $ 84
The American College 270 Byn Mawr Ave N
Bryn Mawr PA 19018 142
American Management Assoc. 1601 Broadway N
New York NY 10019 115
Brecker & Merryman, Inc. N
35
Center for Corporate Education One Tower Lane N
Oakbrook Terrace IL 60181 159
Cheryl Coovert 16010 River Road N
Plainfield, IL 60544 84
Communispond, Inc. P O BOX 414826 N
Boston, MA 02241-4826 102
Cornell University 428 Phillips Hall N
Ithaca, NY 14853 35
CPS Corporate 400 N. Wells N
Chicago, IL 60610 32
Employment Learning Innovations 2675 Paces Ferry Road N
Atlanta, GA 30339 28
Executive Diversity Services, Inc 675 South Lane Street N
Seattle, WA 98104 47
G.P. Hamel, Inc. 620 Mountain Home Road N
Woodside, CA 94062 52
Gelfond Group 535 Route 38 N
Cherry Hill NJ 08002 546
IMA, Inc. P O BOX 17854 N
Denver, CO 80217-0854 94
Investment Training and N 73
Consulting Institute
J.L. Kellogg Graduate School 2169 Sheridan Road N
Evanston, IL 60208-2800 260
43
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Outside Services Employed - Account 923 - continued
(in thousands)
Relationship
"A" Associate
From Whom Purchased Address "N" Non Associate Amount
Training - continued
Johnson, Fenner & Levy PO Box 835 N 678
Bryn Mawr PA 19010
Leadership Consulting 904 W. Mt. Airy Avenue N 52
Philadelphia, PA 19119
Lominger Limited, Inc. 5320 Cedar Lake Road South N 47
Minneapolis, MN 55416-1643
Management Associated Results Co Inc (MARC) N 80
Terre Haute IN 47807
Training-One Consultants P.O. BOX 9893 N 196
Rancho Santa Fe, CA 92067
Penn State University 310 Business Admin Bldg N 131
University Park PA 16802
Pro Staff PO BOX 86 N 43
Minneapolis, MN 55486-0979
Robert E. Maloney & Associates 7545 Midland Road N 48
Independence, OH 44131-6509
Tedesco, Marilyn B. N 196
Vantagesource LLP P.O. BOX 905735 N 38
Charlotte, NC 28290-5735
Other (60 vendors) 269
---------
$ 3,666
---------
Trust Administration
Bank One BOX OH1-0380 N $ 251
Columbus, OH 43271-0380
First Union Securities 1ST Union Nat'l Bank N 40
Charlotte, NC 28288
Other (2 vendor) N 31
---------
$ 322
---------
Total Services $124,048
=========
44
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Employee Pensions and Benefits - Account 926
(in thousands)
Instructions:
Provide a listing of each pension plan and benefit program provided by the
service company. Such listing should be limited to $25,000.
Description Amount
Pension $ 4,474
Post Retirement Benefits other than Pensions 6,869
Medical Plan 4,231
Dental Plan 508
Vision Plan (17)
Medical Services 432
Long Term Disability 200
Life Insurance 960
Employee Savings and Investment Plan 2,944
Excess Benefit Savings Plan 235
Tuition Reimbursement 268
Other Benefits 1,152
---------
TOTAL $ 22,256
=========
45
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
General Advertising Expenses - Account 930.1
(in thousands)
Instructions:
Provide a listing of the amount included in Account 930.1, "General Advertising
Expenses," classifying the items according to the nature of the advertising and
as defined in the account definition. If a particular class includes an amount
in excess of $3,000 applicable to a single payee, show separately the name of
the payee and the aggregate amount applicable thereto.
Description Name of Payee Amount
Advertising Management Adnet Advertising $ 1
Applied Marketing Science, Inc 2
Norton Rubble & Mertz Advertising 6
Synergy Direct Marketing 123
Tierney Communications 2,280
Other 1
--------
$ 2,413
--------
Sponsorship African American Contractors Assoc $ 7
American Association of Blacks in Energy 15
American Lung Association 10
American Red Cross 10
Arlington Park 25
Auburn University 50
Chicago Blackhawks 5
Chicago Bulls 1,012
Chicago Cultural Center Foundation 22
The Chicago Network 10
Chicago Park District 250
Diversity Best Practices 41
EFK Group 469
Hamdard Center for Health and Human Services 10
Hispanic Alliance for Career Enhancement 25
International Latino Cultural Center 20
Latinolouges 10
Latinos United Committed to Excellence
And Service 13
Mujeres Latinas in Accion 5
Philadelphia Zoo 10
PRSA Chicago 4
Spanish Coalition 3
United States Golf Association 38
Women's Business Development Center 3
Other 9
--------
$ 2,076
--------
46
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
General Advertising Expenses - Account 930.1 - continued
(in thousands)
Description Name of Payee Amount
Promotions Artcraft & Foremost $ 44
Colorburst 8
Inniscrone Golf Club 24
JWT Specialized Communications 9
Oak Ridge Associates 7
--------
$ 92
--------
Brand Management Interbrand Corporation $ 24
Kass Uehling 119
Market Strategies Inc. 32
--------
$ 175
--------
Print Advertisement Southern Christian Leadership Conference
National Magazine $ 6
Veteran's Enterprise 4
--------
$ 10
--------
TOTAL $ 4,766
========
47
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Miscellaneous General Expenses - Account 930.2
(in thousands)
Instructions:
Provide a listing of the amount included in Account 930.2, "Miscellaneous
General Expenses," classifying such expenses according to their nature. Payments
and expense permitted by Section 321 (b)(2) of the Federal Election Campaign
Act, as amended by Public Law 94-283 in 1976 (2 U.S.C. 441(b)(2)) shall be
separately classified.
Description Amount
Annual Meeting $ 937
College Recruiting 52
Corporate Memberships 546
Director Services 1,828
Financial Report Printing 1,580
Industry Conferences 17
Long-Term Securities Management 169
Shareholder Services 1,909
Short-Term Debt Management 23
Union Negotiations 193
Write-off of Restructuring Balances 1,154
--------
TOTAL $ 8,408
========
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Rents - Account 931
(in thousands)
Instructions:
Provide a listing of the amount included in Account 931, "Rents," classifying
such expenses by major groupings of property, as defined in the account
definition of the Uniform System of Accounts.
Type of Property Amount
305 Structures and Improvements $ 11,797
307 Equipment - Informational Technology 750
--------
TOTAL $ 12,547
========
48
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Taxes Other Than Income Taxes - Account 408
in thousands)
Instructions:
Provide an analysis of Account 408, "Taxes Other Than Income Taxes." Separate
the analysis into two groups: (1) other than U.S. Government taxes, and (2) U.S.
Government taxes. Specify each of the various kinds of taxes and show the
amounts thereof. Provide a subtotal for each class of tax.
Kind of Tax Amount
U.S. Government Taxes
Federal Insurance Contribution Tax (FICA) $ 5,111
Federal Unemployment Insurance Tax (FUTA) 64
--------
SUBTOTAL $ 5,175
--------
Other than U.S. Government Taxes
State Unemployment Insurance Tax (SUTA) $ 217
Medicare Tax 1,513
Other 14
--------
SUBTOTAL $ 1,744
--------
TOTAL $ 6,919
========
49
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Donations - Account 426.1
(in thousands)
Instructions:
Provide a listing of the amount included in Account 426.1, "Donations,"
classifying such expenses by its purpose. The aggregate number and amount of all
items of less than $3,000 may be shown in lieu of details.
Name of Recipient Purpose of Donation Amount
Abraham Lincoln Presidential Library and
Museum Charitable $ 500
Alliance to Save Energy Charitable 10
Asian American Community Charitable 8
Auburn University Charitable 5
Big Shoulders Fund Charitable 16
Boys & Girls Club Charitable 10
CAEL Charitable 25
Center for Advanced Purchasing Studies Charitable 13
Chicago Minority Business Development
Council, Inc. Charitable 6
Chicago Shakespeare Theatre Charitable 5
The Chicago Symphony Charitable 6
The Children's Place Association Charitable 4
ChildrenFirst Inc Charitable 34
City Club of Chicago Charitable 19
Drexel University Charitable 5
Easter Seals of DuPage Charitable 10
Edison African American Management
Association Charitable 5
Eisenhower Fellowships Charitable 10
Faith Community of St. Sabina Charitable 5
Garfield Park Conservatory Alliance Charitable 10
Gas Technology Institute Charitable 10
Greater Chicago Food Depository Charitable 3
The History Makers Charitable 13
Holocaust Memorial Foundation of Illinois Charitable 10
Immaculate Conception School Charitable 4
Institute of Puerto Rican Arts and Culture Charitable 25
Junior Achievement Charitable 6
Juvenile Diabetes Charitable 20
Latinos United at ComEd for Service Charitable 17
The Lincoln Fund, Inc. Charitable 25
The Links, Inc. Charitable 10
Marquette University Charitable 3
National Association of Neighborhoods Charitable 5
National Press Foundation Charitable 3
National Society of Hispanic MBAs Charitable 5
Near North Montessori School Charitable 4
Northwestern University Charitable 12
The Philadelphia Foundation Charitable 1,095
50
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Donations - Account 426.1 - continued
(in thousands)
Name of Recipient Purpose of Donation Amount
Philadelphia Hospitality, Inc. Charitable 5
Public Interest Law Initiative Charitable $ 5
Purdue University Charitable 6
Resources for the Future Charitable 50
River North Chicago Dance Company Charitable 10
Sacred Heart High School Charitable 6
Saint Gregory High School Charitable 4
Saint Mary of Gostyn Charitable 5
Saint Viator High School Charitable 3
Smith College Charitable 3
Steppenwolf Theatre Charitable 5
United Negro College Fund Charitable 15
United States Holocaust Memorial Museum Charitable 10
United States Naval Academy Charitable 1,011
United Way Charitable 900
University of Chicago Charitable 25
University of Illinois Charitable 4
University of Notre Dame Charitable 3
USC Educational Foundation Charitable 25
USO of Illinois Charitable 10
Victory Gardens Theatre Charitable 10
Woodlands Academy Charitable 5
YWCA of Metropolitan Chicago Charitable 13
Other (338 items under $3,000) Charitable 168
--------
TOTAL $ 4,277
========
51
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Other Deductions - Account 426.5
(in thousands)
Instructions:
Provide a listing of the amount included in Account 426.5, "Other Deductions,"
classifying such expenses according to their nature.
Description Name of Payee Amount
Bank Commitment Fees Bank One $ 1,615
--------
Public Relations Akin, Gump, Strauss, Haver & Feld $ 15
Capitol Tax Partners 180
Government Strategies Inc. 97
Johnston & Associates 156
JRS Consulting, Inc. 60
Kass Uehling Inc. 18
Kessler & Associates Business Services 131
Morris Schreim 74
Paragraphs Design 96
PR Newswire, Inc. 49
Steven Edsey & Sons 17
Tierney Communications 7
The Washington Group 302
--------
$ 1,202
--------
Building Fund Contributions Democratic Congressional Campaign
Committee-Building Fund $ 15
Democratic Senatorial Campaign
Committee-Building Fund 65
National Republican Congressional
Committee-Building Fund 85
National Republican Senatorial
Committee-Building Fund 25
Republican Eagles - National Committee
Building Fund (check cancelled) (20)
Republican National Committee-
Building Fund 20
The President's Dinner-Building Fund 25
--------
$ 215
--------
Employee Settlements $ 557
--------
Exelon PAC Administration Comerica Bank $ 49
--------
52
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Other Deductions - Account 426.5 - continued
(in thousands)
Description Name of Payee Amount
Stock Listing Fees New York Stock Exchange $ 274
Chicago Stock Exchange 3
Other 1
--------
$ 278
TOTAL $ 3,916
========
53
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2002
Schedule XVIII - Notes to Statement of Income
Instructions:
The space below is provided for important notes regarding the statement of
income or any account thereof. Furnish particulars as to any significant
increases in services rendered or expenses incurred during the year. Notes
relating to financial statements shown elsewhere in this report may be indicated
here by reference.
See Schedule XIV, Notes to Financial Statements
54
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
Organization Chart
CEO, President & Chairman, Exelon Corporation
Senior Exec. VP, Exelon Corporation
Senior VP, Exelon Corporation / President, Exelon Enterprises
Senior VP, Exelon Corporation / President, Exelon Business
Services Company
Senior VP, Exelon Generation / President, Exelon Nuclear
Exec. VP, Exelon Corporation / Chair & CEO, Exelon Energy Delivery
Senior VP, Exelon Corporation / President, Exelon Energy Delivery
Senior VP, Exelon Corporation / Exec. VP, Exelon Energy Delivery
Exec. VP, Exelon Corporation / President, Power Team, Exelon Generation
Exec. VP & General Counsel, Exelon Corporation
VP, Corporate Secretary & Deputy General Counsel
Exec. VP & Chief Financial Officer, Exelon Corporation
Senior VP & Treasurer, Exelon Corporation
Exec. VP of Governmental Affairs & Policy, Exelon Corporation
Senior VP, Communications & Public Affairs, Exelon
Corporation
Senior VP & Chief Administrative Officer, Exelon Corporation
55
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
Methods of Allocation
General:
Direct charges shall be made so far as costs can be identified and
related to the particular transactions involved without excessive
effort or expense. Other elements of cost, including taxes, interest,
other overhead, and compensation for the use of capital procured by
the issuance of capital stock, shall be fairly and equitably
allocated using the ratios set forth below.
Revenue Related Ratios:
Revenues
Sales - Units sold and/or transported
Number of Customers
Expenditure Related Ratios:
Total Expenditures
Operations and Maintenance Expenditures
Capital Expenditures
Service Company Billings
Service Company SLA Billings (Non-governance)
Labor/Payroll Related Ratios:
Labor / Payroll
Number of Employees
Units Related Ratios:
Usage (for example: CPU's, square feet , number of vendor invoice payments)
Consumption (for example: tons of coal, gallons of oil, MMBTU's)
Capacity (for example: nameplate generating capacity, peak load, gas throughput)
Other units related
Assets Related Ratios:
Total Assets
Current Assets
Gross Plant
Composite Ratios:
Total Average Assets and 12 months ended Gross Payroll
Other composite ratios
56
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
Annual Statement of Compensation for Use of Capital Billed
(in thousands)
Account 430 Interest on debt to associate companies $ 1,242
57
Form U-13-60
Exhibit # 1
This exhibit is made pursuant to Exelon's Form U-1 Application-Declaration, as
amended (the "Merger U-1") dated October 18, 2000 and the Commission's Order
dated October 19, 2000. This exhibit reports information concerning non-service
associate company transactions provided during the period from July 1, 2002
through December 31, 2002. Any capitalized terms used herein but not defined
have the respective meanings given in the Merger U-1 or in the Commission's
Order.
See attached spreadsheet for:
1. List of companies providing services;
2. List of companies receiving services;
3. A description of the type of services provided;
4. The dollar amount of the services provided, by category;
5. A description of the method of charging for services, i.e., cost, or,
if permitted, other than cost;
6. A reference to the agreement under which such services were provided
and transfer charges were based.
An income statement and balance sheet for each service provider for, and as
of, the most recently completed fiscal year, is being provided
confidentially on Form SE.
58
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
Signature Clause
Pursuant to the requirements of the Public Utility Holding Company Act of 1935
and the rules and regulations of the Securities and Exchange Commission issued
thereunder, the undersigned company has duly caused this report to be signed on
its behalf by the undersigned officer thereunto duly authorized.
Exelon Business Services Company
- --------------------------------------------------------------------------------
(Name of Reporting Company)
By: /s/ Robert S. Shapard
-------------------------------------------------------------------------------
(Signature of Signing Officer)
Robert S. Shapard, Executive Vice-President and Chief Financial Officer
- --------------------------------------------------------------------------------
(Printed Name and Title of Signing Officer)
Date: May 1, 2003
--------------------
59