UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

May 4, 2010

Date of Report (Date of earliest event reported)

 

 

 

Commission File Number		Exact Name of Registrant as Specified in Its Charter; State of Incorporation;  Address of Principal Executive Offices; and Telephone Number		IRS Employer Identification Number
1-16169		EXELON CORPORATION (a Pennsylvania corporation) 10 South Dearborn Street P.O. Box 805379 Chicago, Illinois 60680-5379 (312) 394-7398		23-2990190
333-85496		EXELON GENERATION COMPANY, LLC (a Pennsylvania limited liability company) 300 Exelon Way Kennett Square, Pennsylvania 19348-2473 (610) 765-5959		23-3064219
1-1839		COMMONWEALTH EDISON COMPANY (an Illinois corporation) 440 South LaSalle Street Chicago, Illinois 60605-1028 (312) 394-4321		36-0938600

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

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Section 7 – Regulation FD.

Item 7.01. Regulation FD Disclosure.

On May 4, 2010, Commonwealth Edison Company (ComEd) issued a statement concerning discussions that ComEd, Exelon Generation Company, LLC and Exelon Corporation have had with state leaders about critical energy supply and electric infrastructure issues, as well as broader economic concerns facing Illinois. A copy of the statement is attached hereto as Exhibit 99.1.

 

Section 9 – Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit No.		Description
99.1		ComEd statement

* * * * *

This combined Form 8-K is being furnished separately by Exelon Corporation, Exelon Generation Company, LLC and Commonwealth Edison Company (Registrants). Information contained herein relating to any individual Registrant has been furnished by such Registrant on its own behalf. No Registrant makes any representation as to information relating to any other Registrant.

This Current Report includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties. The factors that could cause actual results to differ materially from these forward-looking statements include those discussed herein as well as those discussed in (1) Exelon’s 2009 Annual Report on Form 10-K in (a) ITEM 1A. Risk Factors, (b) ITEM 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations and (c) ITEM 8. Financial Statements and Supplementary Data: Note 18; (2) Exelon’s First Quarter 2010 Quarterly Report on Form 10-Q in (a) Part II, Other Information, ITEM 1A. Risk Factors and (b) Part I, Financial Information, ITEM 1. Financial Statements: Note 12; and (3) other factors discussed in filings with the Securities and Exchange Commission by the Registrants. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this Current Report. None of the Registrants undertakes any obligation to publicly release any revision to its forward-looking statements to reflect events or circumstances after the date of this Current Report.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, each Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

May 5, 2010

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EXHIBIT INDEX

 

Exhibit No.		Description
99.1		ComEd statement

Exhibit 99.1

ComEd Statement regarding Proposed Public/Private Partnership

Last Updated: May 4, 2010, 6:45 p.m.

Over the last few weeks, ComEd and Exelon have been in discussions with state leaders about a public/private partnership to address critical energy supply and electric infrastructure issues, as well as broader economic concerns facing Illinois. To this end, ComEd and Exelon have put together a proposal, for the state’s consideration, that would cap electricity rates for four years, support jobs through a large capital investment in the state’s power grid, and provide critically needed funding to the state budget.

Specifically, the proposal would:

 

•

Provide $500 million to the state general fund to support critical, at-risk state programs affecting millions across the state.

 

•

Cap residential and small commercial customers’ total rate for the next four years. (If electricity wholesale prices drop in the next four years, customers could alternatively seek better rates from competitive suppliers.)

 

•

Enable $1 billion in needed infrastructure investment to make the system more reliable and energy efficient, while supporting thousands of jobs.

 

•

Enable the construction of a new regional job training center to help train tomorrow’s labor force.

 

•

Create a long-term power agreement to keep rates stable through June 2017.

As stated in our proposal, expenditure of such resources by ComEd requires a mechanism for fair recovery of its actual and reasonable costs. We have proposed a process that mirrors the way the Federal Energy Regulatory Commission (FERC) sets ComEd’s transmission rates. It would preserve traditional prudence review, stakeholder intervention and ultimate ICC oversight.

We have shared this proposal for a public-private partnership with the elected leaders in Springfield and believe it to be mutually beneficial. The decision to proceed or not lies - as it should - with the elected officials who represent the people of Illinois.