SECURITIES AND EXCHANGE COMMISSION
                                Washington, D.C. 20549


                                       Form 8-K


                                    CURRENT REPORT


                          Pursuant to Section 13 or 15(d) of
                         the Securities Exchange Act of 1934


          Date of Report (Date of earliest event reported): January 9, 1995




       Commission     Registrant; State of Incorporation;      IRS Employer
       File Number       Address; and Telephone Number      Identification No.
       -----------   ------------------------------------   ------------------


       1-11375        UNICOM CORPORATION                      36-3961038
                      (an Illinois corporation)
                      37th Floor, 10 South Dearborn Street
                      Post Office Box A-3005
                      Chicago, Illinois 60690-3005
                      312/394-7399


       1-1839         COMMONWEALTH EDISON COMPANY             36-0938600
                      (an Illinois corporation)
                      37th Floor, 10 South Dearborn Street
                      Post Office Box 767
                      Chicago, Illinois 60690-0767
                      312/394-4321




       Item 5. Other Events       
       --------------------

       Rate Proceeding.

                    On January 9, 1995, the Illinois Commerce Commission
          ("ICC") issued an order ("Order") in the proceedings relating to
          Commonwealth Edison Company's ("ComEd") February 10, 1994 rate
          increase request.  The Order provides, among other things, for
          (i) an increase in ComEd's total revenues of approximately $301.8
          million (excluding add-on revenue taxes) or 5.2%, on an annual
          basis, including a $303.2 million increase in base rates, (ii)
          the continued collection of municipal franchise costs as an adder
          to base rates until May 1, 1995, when such costs will be
          collected prospectively on an individual municipality basis
          through a rider, and (iii) the use of a rider, with annual review
          proceedings, to pass on to ratepayers increases or decreases in
          estimated costs associated with the decommissioning of ComEd's
          nuclear generating units.  The rates provided in the Order became
          effective on January 14, 1995; however, they are being collected
          subject to refund as a result of subsequent judicial action. 
          ComEd expects the Order to be appealed by the intervenors in the
          rate proceeding.

                    In the Order, the ICC determined that Byron Unit 2 and
          Braidwood Units 1 and 2, ComEd's most recently-completed nuclear
          generating units, were 100% "used and useful" and that the
          previously determined reasonable costs of such units, as
          depreciated, should be included in full in ComEd's rate base. 
          The ICC also determined, however, that ComEd's annual nuclear
          plant decommissioning cost collections from its ratepayers should
          be reduced from the $127 million previously authorized in a March
          8, 1991 ICC rate order to $112.7 million.  The reduction resulted
          from the ICC's decision to exclude from estimated costs subject
          to collection both a contingency factor and site restoration
          costs for demolition and disposal of non-radiological structures. 
          As noted above, the Order establishes a rider which will allow
          annual adjustments to decommissioning cost collections outside of
          the context of a traditional rate proceeding.  Such rider is
          intended to allow adjustments in decommissioning cost recoveries
          from ratepayers as changes in cost estimates become specifically
          identifiable.  Under Illinois law, decommissioning cost
          collections are required to be deposited in external trust funds.

                    For additional information regarding ComEd's rate
          increase request and its nuclear plant decommissioning costs, see
          Notes 3 and 1, respectively, of Notes to Financial Statements in
          Unicom Corporation's and ComEd's Quarterly Report on Form 10-Q
          for the quarterly period ended September 30, 1994.


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                                      SIGNATURES



             Pursuant to the requirements of the Securities Exchange Act of
       1934, the registrants have duly caused this report to be signed on
       their behalf by the undersigned thereunto duly authorized.


                                                 UNICOM CORPORATION
                                                    (Registrant)


       Date:  January 19, 1995            By:      David A. Scholz             
                                              ---------------------------
                                                   David A. Scholz
                                                      Secretary






                                             COMMONWEALTH EDISON COMPANY
                                                    (Registrant)


       Date:  January 19, 1995            By:      David A. Scholz             
                                              ---------------------------
                                                   David A. Scholz
                                                      Secretary






















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