United States
Securities and Exchange Commission
Washington, D.C. 20549
Form U-13-60/A
Annual Report
For the Period
Beginning January 1, 2001 and Ending December 31, 2001
TO THE
U.S. SECURITIES AND EXCHANGE COMMISSION
FOR
EXELON BUSINESS SERVICES COMPANY
A Subsidiary Service Company
Date of Incorporation 12/31/00
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State of Sovereign Power under which Incorporated or Organized Pennsylvania
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Location of Principal Executive Offices of Reporting Company
10 South Dearborn St., Chicago, IL 60680-5379
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Name, title, and address of officer to whom correspondence concerning this
report should be addressed:
Matthew F. Hilzinger Vice-President and Controller
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(Name) (Title)
10 South Dearborn Street, Chicago, IL 60680-5379
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(Address)
Name of Principal Holding Company Whose Subsidiaries are served by
Reporting Company:
Exelon Corporation
On May 1, 2002, Exelon Corporation filed Form U-13-60 for the year ended
December 31, 2001. This filing amends Schedule V, Accounts Receivable from
Associate Companies, to reformat the information in accordance with instructions
to Form U-13-60 and Schedule XVII, Schedule of Expense by Department or Service
Function, to redistribute certain expenses in accordance with the SEC Uniform
System of Accounts.
LISTING OF AMENDED SCHEDULES
Schedule of
Account Page
Description of Schedules and Accounts Number Number
- -------------------------------------------------------------------------------------------
Accounts Receivable from Associate Companies Schedule V 3
Schedule of Expense by Department or Service Function Schedule XVII 4-6
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ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Amended Schedule V - Accounts Receivable from Associate Companies -
continued (in thousands)
Analysis of Convenience or Accommodation Payments during 2001:
Amount
Affiliate Paid
AmerGen Energy Company, LLC $ 7
Exelon Energy, Inc. 1,238
Exelon Enterprises Company, LLC 3,379
Exelon Infrastructure Services, Inc. 2,876
Exelon Communications Company, LLC 239
Exelon Holdings Corp, Inc. 15
Exelon Generation Company LLC 31,722
PEC Financial Services, LLC 45
PECO Energy Company 79,332
Susquehanna Electric Company 398
Susquehanna Power Company 140
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Total Payments $ 119,391
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Convenience payments made for:
Accounts payable system $ 32,050
Corporate credit card 47,271
Informational technology purchases 8,770
Postretirement trust 91,250
Receivable for NEIL reimbursement (59,950)
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Total Payments $119,391
=========
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ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Amended Schedule XVII - Schedule of Expense Distribution by Department or
Service Function
(in thousands)
DEPARTMENT OR SERVICE FUNCTION
Description Total Human Finance &
Account of Items Amount Overhead Executive Planning Resources Accounting
920 Salaries and Wages $ 80,687 $ 6,618 $ 4,040 $ 9,495 $ 13,599
921 Office Supplies and
Expenses 44,593 3,491 2,809 4,289 15,670
922 Administrative
Expense Transferred
-Credit - - - - -
923 Outside Services
Employed 185,717 7,035 27,328 11,757 29,591
924 Property Insurance 15,560 - - 71 15,489
925 Injuries and Damages 450 - - 176 (51)
926 Employee Pensions
and Benefits 28,605 30 1,854 4,506 3,371
928 Regulatory
Commission
Expense 2 - - - -
930.1 General Advertising
Expense 9,686 121 33 28 -
930.2 Miscellaneous
General
Expense 12,016 549 155 710 6,873
931 Rents 9,442 72 55 - 151
932 Maintenance of
Structures and
Equipment 2,870 7 118 28 6
403 Depreciation and
Amortization
Expense 16,089 15 - - 2,954
408 Taxes Other Than
Income Taxes 6,773 32 - 938 100
409 Income Taxes 10,278 - - - 10
410 Provision for Deferred
Income Taxes (6,157) - - - -
411 Provision for Deferred
Income Taxes - Cr 227 - - - -
411.5 Investment Tax Credit - - - - -
426.1 Donations 3,080 - - 125 29
426.5 Other Deductions 2,599 - - 6 1,314
427 Interest on Long-Term
Debt - - - - -
430 Interest on Debt to
Associate Companies 5,865 - - - 732
431 Other Interest Expense (146) 80 - - 17
--------- -------- --------- -------- -------- -------
TOTAL EXPENSES $ 428,236 $ - $ 18,050 $ 36,392 $ 32,129 $89,855
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ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Schedule XVII - Schedule of Expense
Distribution by Department or Service Function -
continued (in thousands)
DEPARTMENT OR SERVICE FUNCTION
Description Internal Environ- Govern. Public
Account of Items Audit mental Affairs Affairs Legal
920 Salaries and Wages $ 799 $ 532 $ 762 $ 1,556 $ 8,201
921 Office Supplies and
Expenses 253 270 445 1,172 (558)
922 Administrative
Expense Transferred
-Credit - - - - -
923 Outside Services
Employed 3,379 457 158 1,392 9,226
924 Property Insurance - - - - -
925 Injuries and Damages - - - - 860
926 Employee Pensions
and Benefits - - - - 2,034
928 Regulatory
Commission
Expense - - - - 2
930.1 General Advertising
Expense - - - 9,351 50
930.2 Miscellaneous
General
Expense - 80 283 1,149 2,666
931 Rents 98 93 2 4 -
932 Maintenance of
Structures and
Equipment - 1 - 1 70
403 Depreciation and
Amortization
Expense - - - - -
408 Taxes Other Than
Income Taxes - - - - -
409 Income Taxes - - - - -
410 Provision for Deferred
Income Taxes - - - - -
411 Provision for Deferred
Income Taxes - Cr - - - - -
411.5 Investment Tax Credit - - - - -
426.1 Donations - - 2 2,850 -
426.5 Other Deductions - - 1,156 27 70
427 Interest on Long-Term
Debt - - - - -
430 Interest on Debt to
Associate Companies - - - - -
431 Other Interest Expense - - - - (205)
--------- --------- --------- --------- ---------
TOTAL EXPENSES $ 4,529 $ 1,433 $ 2,808 $ 17,502 $ 22,416
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ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Schedule XVII - Schedule of Expense
Distribution by Department or
Service Function - continued
(in thousands)
DEPARTMENT OR SERVICE FUNCTION
Description Procure- Inform. Operational
Account of Items ment Systems Support
920 Salaries and Wages $ 1,980 $ 17,365 $ 15,740
921 Office Supplies and
Expenses 999 14,861 892
922 Administrative
Expense Transferred
-Credit - - -
923 Outside Services
Employed 4,012 81,042 10,340
924 Property Insurance - - -
925 Injuries and Damages - - (535)
926 Employee Pensions
and Benefits 262 4,748 11,800
928 Regulatory
Commission
Expense - - -
930.1 General Advertising
Expense 2 - 101
930.2 Miscellaneous
General
Expense 2 7 (458)
931 Rents - 760 8,207
932 Maintenance of
Structures and
Equipment 1 46 2,592
403 Depreciation and
Amortization
Expense - 1,239 11,881
408 Taxes Other Than
Income Taxes - - 5,703
409 Income Taxes - - 10,268
410 Provision for Deferred
Income Taxes - - (6,157)
411 Provision for Deferred
Income Taxes - Cr - - 227
411.5 Investment Tax Credit - - -
426.1 Donations 8 6 60
426.5 Other Deductions - - 26
427 Interest on Long-Term
Debt - - -
430 Interest on Debt to
Associate Companies - - 5,133
431 Other Interest Expense - (11) (27)
--------- --------- ----------
TOTAL EXPENSES $ 7,266 $ 120,063 $ 75,793
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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
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(Name of Reporting Company)
By: /s/ Robert S. Shapard
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(Signature of Signing Officer)
Robert S. Shapard, Executive Vice-President and Chief Financial Officer
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(Printed Name and Title of Signing Officer)
Date: September 26, 2003
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