EX-99 14 exi.txt EX. I - AVERAGE WEIGHTED COST OF LONG-TERM DEBT EXHIBIT I OHIO EDISON Embedded Cost of Long Term Debt 9/30/2005
DATE OF DATE OF PRINCIPAL AMOUNT COST OF ANNUAL TITLE CUSIP # OFFERING MATURITY AMOUNT OUTSTANDING MONEY COST ----- ------- -------- -------- ------ ----------- ----- ---- POLLUTION CONTROL NOTES OAQDA 2000 Series C (3) * 677525NT0 Jun-00 Jun-23 50,000,000 50,000,000 2.8498% 1,424,893 OAQDA Series 1989 A (10) *** 677525RH1 Jan-88 Feb-15 50,000,000 50,000,000 3.3061% 1,653,058 OWDA 2000 Series A (6) ** 677660PC0 Apr-00 Oct-33 44,800,000 44,800,000 2.6266% 1,176,703 OAQDA 2000 Series A (7) ** 677525NQ6 Apr-00 Oct-33 12,300,000 12,300,000 2.6266% 323,068 OWDA 1988 Series B (2) * 677660DH2 Sep-00 Sep-18 33,000,000 33,000,000 3.0274% 999,031 OAQDA 1988 Series C (8) * 677525JC2 Sep-88 Sep-18 23,000,000 23,000,000 3.0274% 696,294 OAQDA 1989 Series A (1) *** 677525JG3 Feb-89 Feb-14 50,000,000 50,000,000 2.8120% 1,406,021 OWDA 1999 Series B 677660NY4 Dec-99 Jun-33 30,000,000 30,000,000 3.3761% 1,012,824 OWDA 1999 Series A 677660NT5 Jun-99 Jun-33 41,000,000 41,000,000 3.3761% 1,384,193 OAQDA 1999 Series B 677525MR5 Jun-99 Jun-33 9,000,000 9,000,000 3.3761% 303,847 OAQDA 1999 Series C (11) ** 677525NK9 Dec-99 Jun-16 47,725,000 47,725,000 2.4972% 1,191,769 BCIDA 1999 Series A (8A) ** 074876FM0 Sep-99 Sep-33 108,000,000 108,000,000 2.5292% 2,731,498 OAQDA 2000 Series B (5) ** 677525NR4 Apr-00 Apr-15 19,000,000 19,000,000 2.6182% 497,462 BCIDA 2001 Series A (9) ** 074876FC2 Jun-01 Jun-31 69,500,000 69,500,000 2.5740% 1,788,946 BCIDA 2000 Series A (4) ** 074876FB4 Apr-00 Apr-30 60,400,000 60,400,000 2.6489% 1,599,918 BCIDA 1993 Series A 074876DV2 Sep-93 Sep-33 14,800,000 14,800,000 5.5974% 828,414 OWDA 2005 Series A (12) ** 67766WHD7 Apr-05 Apr-29 6,450,000 6,450,000 2.7176% 175,286 OQWDA Series 2005 A (13) ** 677525QN0 Apr-05 Apr-29 100,000,000 100,000,000 2.6930% 2,693,026 OWDA 2005 Series B (14) ** 677660SS2 Jun-05 Jan-34 40,000,000 40,000,000 2.8005% 1,120,191 BCIDA 1995 Series 074876DW0 Sep-95 Oct-20 60,000,000 60,000,000 7.5405% 4,524,298 BCIDA 1998 Series A 07487UAA8 May-88 Jun-28 13,521,974 13,521,974 5.4352% 734,941 -------------- ------------ SUB-TOTAL PCN 882,496,974 28,265,679 SR. UNSECURED NOTES 4.000% Series 677347BZ8 Apr-03 May-08 175,000,000 175,000,000 4.0946% 7,165,618 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 5,293,333 7.7602% 410,776 -------------- ------------ 5,293,333 410,776 Total LOC & Insurance Credit Support Fees 4,182,666 * Daily Interest Rate TOTAL LONG-TERM DEBT OUTSTANDING 1,212,790,307 48,324,268 ** 35 day variable rate ============== ============ *** Weekly Interest rate ---------------------------- ---------------------- 3.9846% ----------------------
PENNPOWER Embedded Cost of Long Term Debt 9/30/2005
DATE OF DATE OF PRINCIPAL AMOUNT COST OF ANNUAL TITLE CUSIP # OFFERING MATURITY AMOUNT OUTSTANDING MONEY COST ----- ------- -------- -------- ------ ----------- ----- ---- FIRST MTG BONDS 9.740% Series 709068900 Nov-89 Nov-19 20,000,000 14,156,000 9.8584% 1,395,552 7.625% Series 709068AW0 Jul-93 Jul-23 40,000,000 6,500,000 7.8083% 507,537 ----------- --------- SUB-TOTAL FMB 20,656,000 1,903,089 POLLUTION CONTROL NOTES OWDA 1988 Series 677660HX8 May-88 May-18 13,300,000 13,300,000 6.4525% 858,176 OAQDA1988 Series 677525DE9 May-88 May-18 3,500,000 3,500,000 6.4525% 225,836 OAQDA 1997 Series (2) * 677525MF1 Jul-00 Jul-27 4,500,000 4,500,000 3.0735% 138,306 OWDA 1997 Series (1) * 677660LV2 Jul-00 Jul-27 5,800,000 5,800,000 3.0735% 178,261 OWDA 1999 Series A (5) 677660NX6 Dec-99 Jun-33 5,200,000 5,200,000 2.6293% 136,724 BCIDA 2001 Series A (4) ** 074876FD0 Jun-01 Sep-21 14,925,000 14,925,000 2.5000% 373,125 LCIDA 2001 Series A (3) ** 519833AH0 Jun-01 Mar-17 17,925,000 17,925,000 2.4379% 436,999 OAQDA 2002 Series A 677525PK7 Jul-02 Jan-29 14,500,000 14,500,000 3.8450% 557,529 BCIDA 1993 Series 074876DU4 Sep-93 Sep-28 6,950,000 6,950,000 5.7799% 401,705 LCIDA 1993 Series A 519833AF4 Sep-93 Sep-17 10,600,000 10,600,000 5.6901% 603,146 BCIDA 1993 Series 074873AB6 Oct-93 Oct-13 1,000,000 1,000,000 6.0918% 60,918 BCIDA 1998 Series A 07487UAA8 Jun-98 Jun-28 1,733,896 1,733,896 5.4352% 94,241 OWDA 1994 Series 677660HK1 Aug-94 Aug-23 11,200,000 11,200,000 6.6721% 747,280 OAQDA 1994 Series 677525LN5 Aug-94 Aug-23 1,500,000 1,500,000 6.6445% 99,667 BCIDA 1995 Series A 074876EE9 Sep-95 Sep-28 14,250,000 14,250,000 6.4484% 918,891 ----------- --------- SUB-TOTAL PCN 126,883,896 5,830,803 Total LOC & Insurance Credit Support Fees 214,030 -------------------------- ----------- --------- * Weekly Interest Rate ** 35 day variable rate TOTAL LONG-TERM DEBT OUTSTANDING 147,539,896 7,947,923 --------------------------- =========== ========= --------------------- 5.3870% ---------------------
CEI Embedded Cost of Long Term Debt 9/30/2005
DATE OF DATE OF PRINCIPAL AMOUNT COST OF ANNUAL TITLE CUSIP # OFFERING MATURITY AMOUNT OUTSTANDING MONEY COST ----- ------- -------- -------- ------ ----------- ----- ---- FIRST MTG BONDS 6.86% Series 1861086A2 9/29/1998 10/1/2008 125,000,000 125,000,000 7.2595% 9,074,421 7.88% Series Sec. Note (FMB) 186108BS4 11/1/1997 11/1/2017 300,000,000 300,000,000 7.8800% 23,640,000 7.43% Series Sec. Note (FMB) 186108BQ8 11/1/1997 11/1/2009 150,000,000 150,000,000 7.4300% 11,145,000 ------------- ----------- SUB-TOTAL FMB 575,000,000 43,859,421 SECURED TRUST NOTES 7.130% 186118AE5 6/11/1997 7/1/2007 120,000,000 120,000,000 7.2224% 8,666,871 5.65% Senior Notes 186108CC8 12/11/2003 1/1/2013 300,000,000 300,000,000 5.6981% 17,094,360 ------------- ----------- SUBTOTAL TRUST NOTES 420,000,000 25,761,231 PREFERRED $25 Par-Trust Preferred 186127205 12/19/2001 12/15/2031 100,000,000 100,000,000 9.3131% 9,313,146 ------------- ----------- SUBTOTAL PREFERRED 100,000,000 9,313,146 POLLUTION CONT. NOTES OAQDA 1998 Series B 677525MM6 10/6/1998 10/1/2030 12,085,000 12,085,000 3.7841% 457,303 OAQDA 2002 Series 677525PL5 7/1/2002 12/1/2013 78,700,000 78,700,000 6.9367% 5,459,184 OAQDA 2005 Series A (7)** 677525QQ3 7/1/2005 1/1/2034 2,900,000 2,900,000 2.2900% 66,410 OWDA Series 2005 A (6)** 677660ST0 7/1/2005 1/1/2034 40,900,000 40,900,000 2.6500% 1,083,850 BCIDA 2005 Series B (7)** 074876FR9 7/1/2005 7/15/2035 45,150,000 45,150,000 2.5721% 1,161,282 BCIDA 1998 Series 074876EJ8 10/6/1998 10/1/2030 46,300,000 46,300,000 3.8146% 1,766,167 OWDA 1998 Series A (4)** 677660NQ1 10/6/1998 10/1/2030 23,255,000 23,255,000 3.8347% 891,760 OWDA 1998 Series A 677660SL7 10/6/1998 10/1/2030 23,255,000 23,255,000 2.6553% 617,496 OWDA 1988 Series A 677660SE3 3/2/1988 3/1/2015 39,835,000 39,835,000 2.5655% 1,021,954 OAQDA 1988 Series B 677525PV3 3/2/1988 3/1/2018 72,795,000 72,795,000 2.5644% 1,866,752 OWDA 2004 Series A (5)** 67766OSJ2 9/2/2004 9/1/2033 46,100,000 46,100,000 2.7958% 1,288,881 OWDA 1999 Series A (2)* 677660SG8 7/7/1999 6/15/2033 27,700,000 27,700,000 2.4366% 674,939 OAQDA 2002 Series B (3)** 677525PT8 10/1/2002 9/1/2033 30,000,000 30,000,000 2.5792% 773,756 OAQDA 1997 Series 677525MH7 8/26/1997 8/1/2020 62,560,000 62,560,000 6.1224% 3,830,185 BCIDA 2005 Series A (8)** 074876DY6 5/1/1995 5/1/2025 53,900,000 53,900,000 2.6730% 1,440,755 OWDA 1997 Series 677660LX8 8/26/1997 8/1/2020 54,600,000 54,600,000 6.2235% 3,398,043 OAQDA 1997 Series 677525MG9 8/26/1997 8/1/2020 15,900,000 15,900,000 6.2235% 989,540 OWDA 1997 Series A (1) * 677660LW0 6/1/2000 6/1/2020 47,500,000 47,500,000 2.8792% 1,367,610 BCIDA 1998 Series A 07487UAA8 5/1/1998 6/1/2027 5,993,376 5,993,376 5.4788% 328,368 ------------- ----------- SUBTOTAL PCN 729,428,376 28,484,234 Total LOC & Insurance Credit Support Fees 1,863,641 -------------------------- ------------- ----------- * Weekly Variable Rate Total Long-Term Debt Outstanding 1,824,428,376 109,281,673 -------------------------- ============= =========== --------------------- 5.9899% ---------------------
TOLEDO EDISON Embedded Cost of Long Term Debt 930/2005
DATE OF DATE OF PRINCIPAL AMOUNT COST OF ANNUAL TITLE CUSIP # OFFERING MATURITY AMOUNT OUTSTANDING MONEY COST ----- ------- -------- -------- ------ ----------- ----- ---- SECURED TRUST NOTES BM Series A Sec 186118AE5 6/11/1997 7/1/2007 30,000,000 30,000,000 7.2224% 2,166,720 ----------- ---------- SUBTOTAL SECURED TRUST NOTES 30,000,000 2,166,720 POLLUTION CONTROL NOTES BCIDA 1999 Series A (1)*** 074876EL3 6/1/1999 6/1/2030 34,850,000 34,850,000 2.7814% 969,327 BCIDA 1998 Series A 07487UAA8 5/1/1998 6/1/2028 3,750,754 3,750,754 5.4353% 203,864 OWDA 1999 Series A (2)*** 677660NWO 6/15/1999 6/1/2033 18,800,000 18,800,000 2.8500% 535,796 OWDA 1999 Series 677660NW8 9/2/1999 9/1/2033 31,600,000 31,600,000 4.5290% 1,431,152 OAQDA 1999 Series A 677525NJ2 9/2/1999 9/1/2033 5,700,000 5,700,000 2.7705% 157,920 BCIDA 1995 Series 074876EB5 7/15/1995 5/1/2020 35,000,000 35,000,000 7.9088% 2,768,088 BCIDA 1995 Series 074876EC3 7/15/1995 5/1/2020 19,000,000 19,000,000 7.9081% 1,502,548 OWDA 2000 Series B (3)** 677660QZ8 9/20/2000 9/20/2033 30,900,000 30,900,000 2.8321% 875,104 OWDA 2004 Series A (7)** 677660HN5 9/28/1994 10/1/2023 30,500,000 30,500,000 2.8517% 869,764 OAQDA 2002 Series A (4)** 677525PS0 10/1/2002 9/1/2033 20,200,000 20,200,000 2.6076% 526,730 BCIDA 2005 Series A (8)** 074876DZ3 5/1/1995 5/1/2020 45,000,000 45,000,000 2.3520% 1,058,393 OAQDA 1997 Series 677525MJ3 8/27/1997 8/1/2027 10,100,000 10,100,000 6.3222% 638,538 OAQDA 2000 Series A (5)** 677525PY7 7/17/2003 4/1/2024 34,100,000 34,100,000 2.5500% 869,550 OWDA 2000 Series A (6)** 677660SF0 7/17/2003 4/1/2024 33,200,000 33,200,000 2.4000% 796,800 ----------- ---------- SUBTOTAL PCN 352,700,754 13,203,573 Total LOC & Insurance Credit Support Fees 1,399,927 ---------------------------- * Daily variable rate ----------- ---------- ** 35 day variable rate Total Long-Term Debt Outstanding 382,700,754 16,770,219 ----------------------------- =========== ========== --------------------- 4.3821% ---------------------