EX-99 11 exh_i.txt EXHIBIT I OHIO EDISON Embedded Cost of Long Term Debt 3/31/2005
DATE OF DATE OF PRINCIPAL AMOUNT COST OF ANNUAL TITLE CUSIP # OFFERING MATURITY AMOUNT OUTSTANDING MONEY COST ----- ------- -------- -------- ------ ----------- ----- ---- FIRST MTG BONDS 6.875% Series 677347BT2 Apr-93 Apr-05 80,000,000 80,000,000 7.0732% 5,658,548 ---------- --------- SUB-TOTAL FMB 80,000,000 5,658,548 POLLUTION 3.05% Daily- Air -2000 Series C677525NT0 Jun-00 Jun-23 50,000,000 50,000,000 2.1778% 1,088,876 CONT. NOTES 3.250%-88 Series A (10) 677525HR1 Jan-88 Feb-15 50,000,000 50,000,000 3.3061% 1,653,058 1.10%-00 Series A (6) ** 677660PC0 Apr-00 Oct-33 44,800,000 44,800,000 1.8236% 816,955 1.10%-00 Series A (7) ** 677525NQ6 Apr-00 Oct-33 12,300,000 12,300,000 1.8236% 224,298 1.340%-88 A&B Series (2) * 677660DH2 Sep-00 Sep-18 33,000,000 33,000,000 2.3123% 763,045 1.30%-88 A&B Series (8) * 677525JC2 Sep-88 Sep-18 23,000,000 23,000,000 2.3123% 531,819 1.120%-89 Series (1) *** 677525JG3 Feb-89 Feb-14 50,000,000 50,000,000 2.0389% 1,019,438 1.230%-99 Series 677660NY4 Dec-99 Jun-33 30,000,000 30,000,000 3.3761% 1,012,824 4.30%-99 Series B 677660NT5 Jun-99 Jun-33 41,000,000 41,000,000 2.2722% 931,622 4.30%-99 Series B 677525MR5 Jun-99 Jun-33 9,000,000 9,000,000 2.2722% 204,502 2.85%-99 Series C (11) 677525NK9 Dec-99 Jun-16 47,725,000 47,725,000 1.8447% 880,392 4.650%-99 Series A 074876EM1 Sep-99 Sep-33 108,000,000 108,000,000 1.8263% 1,972,417 2.35%-00 Series B (5) ** 677525NR4 Apr-00 Apr-15 19,000,000 19,000,000 1.7453% 331,599 3.04%-01 Series A (9a) ** 074876FC2 Jun-01 Jun-31 69,500,000 69,500,000 1.7214% 1,196,379 2.35%-00 Series A (4) ** 074876FB4 Apr-00 Apr-30 60,400,000 60,400,000 1.7355% 1,048,258 5.450%-93 Series 074876DV2 Sep-93 Sep-33 14,800,000 14,800,000 5.5974% 828,414 5.950%-93 Series 077660HH8 Nov-93 May-29 6,211,729 6,211,729 6.1362% 381,164 2.50%-93 Series 677525LH8 Nov-93 Nov-29 50,000,000 50,000,000 5.6893% 2,844,640 2.50%-93 Series 677525LF2 Nov-93 May-29 50,000,000 50,000,000 6.0173% 3,008,668 6.750%-95 Series 677660HJ4 Jul-94 Jul-15 40,000,000 40,000,000 7.2602% 2,904,069 7.050%-95 Series 074876DW0 Sep-95 Oct-20 60,000,000 60,000,000 7.5405% 4,524,298 5.375% - 98 series 07487UAA8 May-88 Jun-28 13,521,974 13,521,974 5.4352% 734,941 ----------- ------- SUB-TOTAL PCN 882,258,703 28,901,675 SR. UNSECURED4.000% Series 677347BZ8 Apr-03 May-08 175,000,000 175,000,000 4.0946% 7,165,618 NOTES 5.450% Series 677347CA2 Apr-03 May-15 150,000,000 150,000,000 5.5330% 8,299,529 ----------- -------------- 325,000,000 15,465,146 OTHER 7.680% Pepco PEPCO001 Apr-94 Oct-05 200,000,000 36,362,028 7.7602% 2,821,784 LONG-TERM Total LOC & Insurance Credit Support Fees 3,870,768 ----------------- -------------- TOTAL LONG-TERM DEBT OUTSTANDING 1,323,620,731 56,717,921 ================= ============== ----------------------- 4.2851% ----------------------- ---------------------------------------------------------------------------------------------- VARIABLE RATE ISSUES LOC ISSUES -------------------- ---------- RATE EXPIRATION DATAMOUNT FEES ANN. COST ---- -------------------- ---- --------- (1) 50,000,000 1.980% 3/18/2009 $ 50,000,000 1.700% $ 850,000 (2) 33,000,000 2.230% 9/1/2018 $ 33,000,000 1.700% $ 561,000 (3) 50,000,000 2.150% 3/18/2009 $ 50,000,000 1.700% $ 850,000 (4) 60,400,000 1.710% 4/1/2030 $ 60,400,000 0.300% $ 181,200 (5) 19,000,000 1.700% 4/1/2015 $ 19,000,000 0.300% $ 57,000 (6) 44,800,000 1.800% 10/1/2033 $ 44,800,000 0.300% $ 134,400 (7) 12,300,000 1.750% 10/1/2033 $ 12,300,000 0.300% $ 36,900 (8) 23,000,000 2.150% 9/1/2018 $ 23,000,000 1.700% $ 391,000 108,000,000 1.800% 6/1/2033 $ 108,000,000 0.200% $ 216,000 (9) 69,500,000 1.700% 6/1/2031 $ 69,500,000 0.300% $ 208,500 ## 50,000,000 3.250% 2/1/2015 $ 50,000,000 0.550% $ 275,000 (11) 47,725,000 1.800% 6/1/2016 $ 47,725,000 0.230% $ 109,768 TOTAL LOC & INSURANCE CREDIT SUPPORT FEE $3,870,768 ---------------------------------------------------------------------------------------------- * Daily Interest Rate ** 35 day variable rate *** Weekly Interest rate
PENNPOWER Embedded Cost of Long Term Debt 3/31/2005
DATE OF DATE OF PRINCIPAL FIRST MTG TITLE CUSIP # OFFERING MATURITY AMOUNT ----- ------- -------- -------- ------ BONDS 9.740% Series 709068900 Nov-89 Nov-19 20,000,000 7.625% Series 709068AW0 Jul-93 Jul-23 40,000,000 SUB-TOTAL FMB POLLUTION CONT. NOTES 5.90% Series 677660HX8 May-88 May-18 13,300,000 5.90% Series 677525DE9 May-88 May-18 3,500,000 1.20% Variable (2) * 677525MF1 Jul-00 Jul-27 4,500,000 1.20% Variable (1) * 677660LV2 Jul-00 Jul-27 5,800,000 1.75% 99 Series A (5) 677660NX6 Dec-99 Jun-33 5,200,000 1.10% BCIDA Ser A (4) ** 074876FD0 Jun-01 Sep-21 14,925,000 1.10% LCIDA Ser A (3) ** 519833AH0 Jun-01 Mar-17 17,925,000 2.50% 92 Series 677525PK7 Jul-02 Jan-29 14,500,000 5.45% 93 Series 074876DU4 Sep-93 Sep-28 6,950,000 5.40% 93 Series 519833AF4 Sep-93 Sep-17 10,600,000 5.40% 93 Series 074873AB6 Oct-93 Oct-13 1,000,000 5.375% 98 series 07487UAA8 Jun-98 Jun-28 1,733,896 5.95% 93 Series 677660HH8 Nov-93 Feb-29 238,271 6.15% 94 Series 677660HK1 Aug-94 Aug-23 11,200,000 6.15% 94 Series 677525LN5 Aug-94 Aug-23 1,500,000 6.0% 95 Series 074876EE9 Sep-95 Sep-28 14,250,000 AMOUNT COST OF ANNUAL FIRST MTG OUTSTANDING MONEY COST ----------- ------- --------- BONDS 14,643,000 9.8584% 1,443,563 6,500,000 7.8083% 507,537 ----------- --------- SUB-TOTAL FMB 21,143,000 1,951,100 POLLUTION CONT. NOTES 13,300,000 6.4525% 858,176 3,500,000 6.4525% 225,836 4,500,000 2.2664% 101,988 5,800,000 2.2664% 131,451 5,200,000 1.8260% 94,953 14,925,000 1.7000% 253,725 17,925,000 1.7359% 311,165 14,500,000 3.7158% 538,788 6,950,000 5.7799% 401,705 10,600,000 5.6901% 603,146 1,000,000 6.0918% 60,918 1,733,896 5.4352% 94,241 238,271 6.1241% 14,592 11,200,000 6.6721% 747,280 1,500,000 6.6445% 99,667 14,250,000 6.4484% 918,891 ----------- --------- SUB-TOTAL PCN 127,122,167 5,456,521 Total LOC & Insurance Credit Support Fees 214,030 ----------- --------- TOTAL LONG-TERM DEBT OUTSTANDING 148,265,167 7,621,651 =========== ========= --------- 5.1406% ---------
-------------------------------------------------------------------------------------------------- VARIABLE RATE ISSUES LOC ISSUES -------------------- ---------- RATE EXPIRATION DATE AMOUNT FEES ANN. COST ---- --------------- ------ ---- --------- (1) 5,800,000 2.000% 7/2/2005 $ 5,800,000 1.000% $ 58,000 (2) 4,500,000 2.000% 7/2/2005 $ 4,500,000 1.000% $ 45,000 (3) 17,925,000 1.700% 3/1/2017 $ 17,925,000 0.300% $ 53,775 (4) 14,925,000 1.700% 9/1/2021 $ 14,925,000 0.300% $ 44,775 (5) 5,200,000 1.800% 6/1/2016 5,200,000 0.240% $ 12,480 Total LOC & Insurance Credit Support Fees $ 214,030 -------------------------------------------------------------------------------------------------- * Weekly Interest Rate ** 35 day variable rate
CEI Embedded Cost of Long Term Debt 3/31/2005 6/6/2005 14:34
DATE OF DATE OF PRINCIPAL TITLE CUSIP # OFFERING MATURITY AMOUNT ----- ------- -------- -------- ------ FIRST MTG 6.86% Series 1861086A2 9/29/1998 10/1/2008 125,000,000 BONDS 7.88% Series Sec. Note (FMB) 186108BS4 11/1/1997 11/1/2017 300,000,000 7.43% Series Sec. Note (FMB) 186108BQ8 11/1/1997 11/1/2009 150,000,000 SUB-TOTAL FMB SECURED 7.130% 186118AE5 6/11/1997 7/1/2007 120,000,000 TRUST 5.65% Senior Notes 186108CC8 2/11/2003 1/1/2013 300,000,000 NOTES SUBTOTAL TRUST NOTES PREFERRED PREFERRED $25 Par-Trust Preferred 186127205 2/19/2001 12/15/2031 100,000,000 SUBTOTAL PREFERRED POLLUTION Oh Air 7.00% Ser B & C 677525DV6&677525DU6 9/1/1979 9/1/2009 2,000,000 CONT. NOTES Oh Air Series 1998-B 677525MM6 10/6/1998 10/1/1930 12,085,000 6.00% Series 1992 Remarketed 677525PL5 7/1/2002 12/1/2013 78,700,000 Oh EPA 7.70% Ser 95 677660KB7&677525LU9 8/1/1995 8/1/2025 43,800,000 BC 7.75% Series 1995-A 074876EA7 7/15/1995 7/15/2025 45,150,000 3.75% BC Series 1998 074876EJ8 10/6/1998 10/1/1930 46,300,000 OH Water Series 1998-A (5) 677660NP3 10/6/1998 10/1/2030 23,255,000 OH Water Series 1998-A 677660NQ1 10/6/1998 10/1/2030 23,255,000 Oh EPA 2.65% Series A 677660SE3 3/2/1988 3/1/2015 39,835,000 Oh EPA 2.65% Series B 677525PV3 3/2/1988 3/1/2018 72,795,000 Oh 2.45% Water Ser A-1 (6) 677660HM7 9/28/1994 10/1/1923 46,100,000 Oh Water Quality Series (3) 677660DR0 7/7/1999 6/15/2033 27,700,000 Oh Water Quality Series (4) 677525PT8 10/1/2002 9/1/2033 30,000,000 Oh 6.00% Air 677525MH7 8/26/1997 8/1/2020 62,560,000 2.80% Beaver County 074876DY6 5/1/1995 5/1/1925 53,900,000 Oh 6.10% Water 677660LX8 8/26/1997 8/1/2020 54,600,000 Oh 6.10% Air 677525MG9 8/26/1997 8/1/2020 15,900,000 Ohio 3.00% Water (1) * 677660LW0 6/1/2000 6/1/2020 47,500,000 5.375% 1998 series 07487UAA8 5/1/1998 6/1/2027 5,993,376 (TABLE BREAK) AMOUNT COST OF ANNUAL TITLE OUTSTANDING MONEY COST ----- ----------- ----- ---- FIRST MTG 6.86% Series 125,000,000 7.2595% 9,074,421 BONDS 7.88% Series Sec. Note (FMB) 300,000,000 7.8800% 23,640,000 7.43% Series Sec. Note (FMB) 150,000,000 7.4300% 11,145,000 ----------- ---------- SUB-TOTAL FMB 575,000,000 43,859,421 SECURED 7.130% 120,000,000 7.2224% 8,666,871 TRUST 5.65% Senior Notes 300,000,000 5.6981% 17,094,360 ----------- ---------- NOTES SUBTOTAL TRUST NOTES 420,000,000 25,761,231 PREFERRED PREFERRED $25 Par-Trust Preferred 100,000,000 9.3131% 9,313,146 ----------- --------- SUBTOTAL PREFERRED 100,000,000 9,313,146 POLLUTION Oh Air 7.00% Ser B & C 1,700,000 7.5941% 129,099 CONT. NOTES Oh Air Series 1998-B 12,085,000 3.7841% 457,303 6.00% Series 1992 Remarketed 78,700,000 6.9367% 5,459,184 Oh EPA 7.70% Ser 95 43,800,000 6.6421% 2,909,228 BC 7.75% Series 1995-A 45,150,000 7.8811% 3,558,324 3.75% BC Series 1998 46,300,000 3.8146% 1,766,167 OH Water Series 1998-A (5) 23,255,000 1.7584% 408,919 OH Water Series 1998-A 23,255,000 3.8146% 887,089 Oh EPA 2.65% Series A 39,835,000 1.8642% 742,601 Oh EPA 2.65% Series B 72,795,000 1.8631% 1,356,243 Oh 2.45% Water Ser A-1 (6) 46,100,000 1.8168% 837,531 Oh Water Quality Series (3) 27,700,000 1.1623% 321,947 Oh Water Quality Series (4) 30,000,000 1.8718% 561,541 Oh 6.00% Air 62,560,000 6.1224% 3,830,185 2.80% Beaver County 53,900,000 7.7545% 4,179,695 Oh 6.10% Water 54,600,000 6.2235% 3,398,043 Oh 6.10% Air 15,900,000 6.2235% 989,540 Ohio 3.00% Water (1) * 47,500,000 2.0922% 993,780 5.375% 1998 series 5,993,376 5.4788% 328,368 ----------- ---------- SUBTOTAL PCN 731,128,376 33,114,785 Total LOC & Insurance Credit Support Fees 1,162,851 ------------- ----------- Total Long-Term Debt Outstanding 1,826,128,376 113,211,434 ============= =========== ----------- 6.19995% -----------
--------------------------------------------------------------------------------------------------------------------------- VARIABLE RATE ISSUES LOC ISSUES -------------------- ---------- RATE EXPIRATION DATE AMOUNT FEES ANN. COST ---- --------------- ------ ---- --------- (1) 47,500,000 2.000% 4/3/2005 $ 47,500,000 1.000% $ 475,000 (2) (3) 27,700,000 2.000% 6/15/2007 $ 27,700,000 1.625% $ 450,125 (4) 30,000,000 1.800% 9/1/2033 $ 30,000,000 0.300% $ 90,000 (5) 23,255,000 1.700% 10/1/2030 $ 23,255,000 0.213% $ 49,533 (6) 46,100,000 1.750% 10/1/1923 $ 46,100,000 0.213% $ 98,193 --------------------------------------------------------------------------------------------------------------------------- * Weekly Variable Rate
TOLEDO EDISON Embedded Cost of Long Term Debt 3/31/2005
DATE OF DATE OF PRINCIPAL AMOUNT COST OF ANNUAL TITLE CUSIP # OFFERING MATURITY AMOUNT OUTSTANDING MONEY COST ----- ------- -------- -------- ------ ----------- ----- ---- SECURED TRUST BM Series A Sec 186118AE5 6/11/1997 7/1/2007 30,000,000 30,000,000 7.2224% 2,166,718 ---------- --------- NOTES SUBTOTAL SECURED TRUST NOTES 30,000,000 2,166,718 POLLUTION 2.95% BC Series 99-A (1) 074876EL3 6/1/1999 6/1/2030 34,850,000 34,850,000 2.0083% 699,882 CONT. 5.375% 98 Ser 07487UAA8 5/1/1998 6/1/1928 3,750,754 3,750,754 5.4353% 203,864 NOTES 3.10% Series (2) 677660NWO 6/15/1999 6/1/2033 18,800,000 18,800,000 2.0265% 380,991 4.50% Series 677660NW8 9/2/1999 9/1/2033 31,600,000 31,600,000 4.5290% 1,431,152 3.100% Series 677525NJ2 9/2/1999 9/1/2033 5,700,000 5,700,000 3.1216% 177,930 7.75% BC Series 95-A 074876EB5 7/15/1995 5/1/2020 35,000,000 35,000,000 7.9088% 2,768,088 7.75% BC Series 95-B 074876EC3 7/15/1995 5/1/2020 19,000,000 19,000,000 7.9081% 1,502,548 3.100% Series ** (3) 677660QZ8 9/20/2000 9/20/2033 30,900,000 30,900,000 1.8213% 562,787 Oh Water Devl Series A 2.45% (7) 677660HN5 9/28/1994 10/1/2023 30,500,000 30,500,000 1.4344% 437,499 2.75% Poll Cont FMB (4) 677525PS0 10/1/2002 9/1/2033 20,200,000 20,200,000 1.8975% 383,299 2.70% BC Series 074876DZ3 5/1/1995 5/1/2020 45,000,000 45,000,000 7.8007% 3,510,294 6.10% BC Series 677525MJ3 8/27/1997 8/1/2027 10,100,000 10,100,000 6.3222% 638,538 2.2% Series 2000-A (5) 677525PY7 7/17/2003 4/1/2024 34,100,000 34,100,000 1.7500% 596,750 2.24% Series 2000-A (6) 677660SF0 7/17/2003 4/1/2024 33,200,000 33,200,000 1.7500% 581,000 ---------- --------- SUBTOTAL PCN 352,700,754 13,874,621 Total LOC & Insurance Credit Support Fees 1,233,427 ----------- ---------- Total Long-Term Debt Outstanding 382,700,754 17,274,765 =========== ========== 4.5139%
-------------------------------------------------------------------------------- RATE EXPIRATION DATE AMOUNT FEES ANN. COST ---- --------------- ------ ---- --------- (1) 34,850,000 1.980% 6/1/2007 $ 34,850,000 1.625% $ 566,313 (2) 18,800,000 2.000% 6/15/2007 $ 18,800,000 1.625% $ 305,500 (3) 30,900,000 1.690% 9/1/2033 $ 30,900,000 0.300% $ 92,700 (4) 20,200,000 1.800% 9/1/2033 $ 20,200,000 0.300% $ 60,600 (5) 34,100,000 1.750% 4/1/2024 $ 34,100,000 0.213% $ 72,633 (6) 33,200,000 1.750% 4/1/2024 $ 33,200,000 0.213% $ 70,716 (7) 30,500,000 1.750% 10/1/2023 $ 30,500,000 0.213% $ 64,965 Total LOC & Insurance Credit Support Fees $1,233,427 -------------------------------------------------------------------------------- * Daily variable rate ** 35 day variable rate