-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RuRTfdNHDiA9bNAYqJlMnQIhRQ+Hpd+Jk2j7uUgTbnU9S3fVM6yenbTvvmzo50Hq gnkacCE1UvDJMs6mLjDpxA== 0000078100-98-000007.txt : 19980304 0000078100-98-000007.hdr.sgml : 19980304 ACCESSION NUMBER: 0000078100-98-000007 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19971231 FILED AS OF DATE: 19980302 SROS: NYSE SROS: PHLX FILER: COMPANY DATA: COMPANY CONFORMED NAME: PECO ENERGY CO CENTRAL INDEX KEY: 0000078100 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 230970240 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: U-3A-2 SEC ACT: SEC FILE NUMBER: 069-00034 FILM NUMBER: 98554929 BUSINESS ADDRESS: STREET 1: 2301 MARKET ST STREET 2: P O BOX 8699 CITY: PHILADELPHIA STATE: PA ZIP: 19101 BUSINESS PHONE: 2158414000 FORMER COMPANY: FORMER CONFORMED NAME: PHILADELPHIA ELECTRIC CO DATE OF NAME CHANGE: 19920703 U-3A-2 1 File No. 1-1401 FORM U-3A-2 SECURITIES AND EXCHANGE COMMISSION Washington, D. C. STATEMENT BY HOLDING COMPANY CLAIMING EXEMPTION UNDER RULE U-3A-2 FROM PROVISIONS OF THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935 PECO Energy Company (Name of Company) For the Year Ended December 31, 1997 PECO Energy Company (Name of Company) hereby files with the Securities and Exchange Commission, pursuant to Rule 2, its statement claiming exemption as a holding company from the provisions of the Public Utility Holding Company Act of 1935. In support of such claim for exemption the following information is submitted. 1. NAME, STATE OF ORGANIZATION, LOCATION AND NATURE OF BUSINESS OF CLAIMANT AND EVERY SUBSIDIARY THEREOF. Incorporated in Pennsylvania in 1929, PECO Energy Company (Company) provides retail electric and natural gas service in southeastern Pennsylvania and, through pilot programs, natural gas service to areas in Maryland and New Jersey. The Company also engages in the wholesale marketing of electricity on a national basis and participates in joint ventures which provide telecommunication services in the Philadelphia area. The Company's traditional retail service territory covers 2,107 square miles. Electric service is furnished to an area of 1,972 square miles with a population of about 3.6 million, including 1.6 million in the City of Philadelphia. Approximately 94% of the retail electric service area and 64% of retail kilowatthour (kWh) sales are in the suburbs around Philadelphia, and 6% of the retail service area and 36% of such sales are in the City of Philadelphia. Natural gas service is supplied in a 1,475-square-mile area of southeastern Pennsylvania adjacent to Philadelphia with a population of 1.9 million. Through Horizon Energy, a wholly owned subsidiary of the Company, and PECO Energy/EnergyOne, a franchised energy products brand, the Company participates in Pennsylvania's competition pilot program. Of the total electric and gas business done by Claimant and its subsidiaries in 1997, the predominant portion was done directly by Claimant as indicated in the following: Claimant after eliminating Claimant and inter-Company subsidiaries transactions consolidated Operating Revenue Electric & Gas $4,617,902,824 $4,643,718,149 Electric Sales - MKWH (Gross) 63,857,000 65,401,180 Electric Customers - December 31 1,482,405 1,482,405 Gas Sales - MCF (Natural Gas) 54,994,523 (1) 54,994,523 (1) Gas Customers - December 31 405,142 405,142 (1) Claimant also transported 30,412,316 MCF of gas for its gas customers.
Following is a list of the subsidiary companies of Claimant, and of their States of organization, together with a description of the location and nature of their business: PECO Energy Power Company - Incorporated in Pennsylvania 2301 Market Street, Philadelphia, PA This company, a wholly owned subsidiary of Claimant and a registered holding company, together with its wholly owned subsidiary, The Susquehanna Power Company, owns the Conowingo Hydroelectric Project (Conowingo Project), which was constructed under a federal license dated February 20, 1926, issued by the Federal Power Commission under the Federal Water Power Act of 1920. The original license expired in 1976 after its 50-year term was completed. Subsequently, the Company was issued annual licenses pending Federal Energy Regulatory Commission (FERC) action on the application for a new license. The new license was issued August 14, 1980 and will expire September 1, 2014. PECO Energy Power Company owns that portion of the project located in Pennsylvania, and its portion of the transmission line is leased to and operated by Claimant. Susquehanna Power Company - Incorporated in Maryland 2569 Shures Landing Road, Darlington, MD Owns that portion of the Conowingo Project located in Maryland. This property is leased to and operated by The Susquehanna Electric Company, a wholly owned subsidiary of Claimant. The Proprietors of the Susquehanna Canal - Incorporated in Maryland Inactive. Susquehanna Electric Company - Incorporated in Maryland 2569 Shures Landing Road, Darlington, MD Operates the Maryland portion of Conowingo Project. It sells most of the energy produced to Claimant. Eastern Pennsylvania Development Company (EPDC) - Incorporated in Pennsylvania 2301 Market Street, Philadelphia, PA The Company's sole function is to act as a holding company for Adwin Realty Company and Energy Performance Services, Inc. Adwin Equipment Company (AEC) - Incorporated in Pennsylvania 2301 Market Street, Philadelphia, PA This company is a wholly owned subsidiary of PECO Energy Company and is primarily engaged in electrical distribution equipment rental, and owns a 50% managing partnership interest in a co-generation plant. Adwin (Schuylkill) Cogeneration, Inc. - Incorporated in Pennsylvania 2301 Market Street, Philadelphia, PA Special purpose corporation which holds a 33.3% interest in the Grays Ferry Cogeneration Project. Adwin Realty Company (ARC) - Incorporated in Pennsylvania 2301 Market Street, Philadelphia, PA This company is a wholly owned subsidiary of EPDC and is engaged in real estate development. Eastern Pennsylvania Exploration Company (EPEC) - Incorporated in Pennsylvania Pending dissolution. Ceased operations as of October 31, 1997 and is in the process of winding up. This wholly owned subsidiary of Claimant is a partner with one or more subsidiaries of other utility companies in a joint venture originally engaged in natural gas exploration and drilling. EPEC no longer participates in new drilling and exploration programs. All gas production, as well as oil and gas liquids are sold where they are produced. The area of production is the Gulf Coast, both on shore and in state water, but excluding federal waters. Energy Performance Services, Inc. (EPS) - Incorporated In Pennsylvania 2003 Renaissance Blvd., King of Prussia, PA EPS is 92% owned by EPDC and is engaged in providing engineering, construction and management services to industrial, commercial and institutional customers, worldwide. EPS has four majority owned subsidiaries, Energy Performance Services (EPS/Canada),Inc., EPS CR. sr., a Czech Republic limited liability company, EPS Portugal and EPS Chile. PECO Energy Capital LP (PECLP) - Incorporated in Delaware 1013 Center Road, Wilmington, DE PECLP exists for the sole purpose of issuing partner interests represented by the Claimant's Series A, B and C Preferred Securities. PECO Energy Capital Corp (PECC) - Incorporated in Delaware 1013 Center Road, Wilmington, DE PECC is the General Partner of PECLP. Horizon Energy Company (formerly known as PECO Gas Supply Company) - Incorporated in Pennsylvania 965 Chesterbrook Blvd, 62-2, Wayne, PA 19087 This wholly owned subsidiary of the Claimant is engaged in the purchase and sale of electricity and natural gas. PECO Wireless, Inc. - Incorporated in Pennsylvania 2301 Market Street, Philadelphia, PA This wholly owned subsidiary of the Claimant owns 49% of AT&T Wireless PCS of Philadelphia, LLC, formed to offer personal communication services in the Philadelphia Major Trading Area. Exelon Corporation - Incorporated in Pennsylvania 2600 Monroe Blvd., Norristown, PA 19403 This wholly owned subsidiary of the Claimant is engaged in providing operation management and consulting services for energy generation equipment and plants. Energy Trading Company - Incorporated in Delaware 1013 Centre Road, Wilmington, DE This wholly owned subsidiary of the Claimant is engaged in developing and marketing electronic commerce software to facilitate barter trading via the internet. 2. A BRIEF DESCRIPTION OF THE PROPERTIES OF CLAIMANT AND EACH OF ITS SUBSIDIARY PUBLIC UTILITY COMPANIES USED FOR THE GENERATION, TRANSMISSION, AND DISTRIBUTION OF ELECTRIC ENERGY FOR SALE, OR FOR THE PRODUCTION, TRANSMISSION, AND DISTRIBUTION OF NATURAL OR MANUFACTURED GAS, INDICATING THE LOCATION OF PRINCIPAL GENERATING PLANTS, TRANSMISSION LINES, PRODUCING FIELDS, GAS MANUFACTURING PLANTS, AND ELECTRIC AND GAS DISTRIBUTION FACILITIES, INCLUDING ALL SUCH PROPERTIES WHICH ARE OUTSIDE THE STATE IN WHICH CLAIMANT AND ITS SUBSIDIARIES ARE ORGANIZED AND ALL TRANSMISSION OR PIPELINES WHICH DELIVER OR RECEIVE ELECTRIC ENERGY OR GAS AT THE BORDERS OF SUCH STATE. CLAIMANT TOGETHER WITH ITS PUBLIC UTILITY SUBSIDIARIES The properties of Claimant and PECO Energy Power Company are located within Pennsylvania, except that the Claimant holds a 42.59 percent ownership interest in certain generating facilities located in Salem, NJ which presently consist of 942 megawatts of nuclear and 16 megawatts of gas turbine generation as of December 31, 1997. Claimant is also joint operator of a reservoir located near Phillipsburg, NJ. The properties of Claimant's other public utility subsidiaries are located wholly within Maryland. The location of the principal electric generating plants, electric and gas transmission and distribution facilities, including all transmission or pipelines which deliver or receive electric energy or gas at state borders, with the exception of the jointly owned Keystone and Conemaugh minemouth electric generating stations located near Johnstown, PA, and the Salem plant. The following information, unless otherwise indicated, is as of December 31, 1997: The electric facilities of Claimant and its subsidiaries with a total net summer capacity of 9,204 net megawatts, include seventeen generating stations of which 2,877 megawatts are fossil-fired steam; 845 megawatts are internal combustion; 1,392 megawatts are hydro; and 4,090 megawatts are nuclear. The seventeen generating stations are interconnected through transmission lines, substations and related facilities. The electric facilities of Claimant also include 87,234 conductor miles of transmission, distribution and street lighting lines serving 1,583,005 electric meters installed on customers' premises. Additional bulk power capacity is available to Claimant through the PJM Interconnection, L.L.C. among the properties of Claimant, Pennsylvania Power & Light Company, Public Service Electric and Gas Company, Baltimore Gas and Electric Company, Pennsylvania Electric Company, Metropolitan Edison Company, Jersey Central Power & Light Company, Potomac Electric Power Company, Atlantic Electric Company and Delmarva Power and Light Company. The maximum peak load (hourly demand) for the calendar year 1997, on the facilities of Claimant and subsidiaries was 7,390 megawatts which occurred on July 16, 1997. The electricity generating plants of Claimant and subsidiary companies at December 31, 1997 are as follows:
NET SUMMER NAME OF PLANT LOCATION TYPE (A) CAPACITY - CLAIMANT MEGAWATTS Chester Chester, PA on Delaware River G 39.0 Cromby Phoenixville on Schuylkill River S, G, I 347.7 Delaware Central Philadelphia on Delaware River S, G, I 312.7 Richmond Northeast Philadelphia on Delaware River G 96.0 Schuylkill Central Philadelphia on Schuylkill River S, G, I 200.8 Southwark Southeast Philadelphia on Delaware River G 54.0 Eddystone Eddystone, PA on Delaware River S, G 1,405.0 Peach Bottom Atomic Near Delta, PA on Power Station Susquehanna Riv N 928.0 Keystone Near Johnstown, PA M, I 359.3 Muddy Run 13 miles up-stream from Conowingo Dam on the Susquehanna Riv. HP 880.0 Conemaugh Near Johnstown, PA M, I 354.3 Moser Substation Pottstown, PA G 48.0 Falls Substation Falls Twp. PA G 50.0 Salem Gen. Station Salem Co., NJ N, G 958.0 Croydon Bristol Twp., PA G 373.0 Limerick Limerick Twp., Montgomery Co., PA N 2,220.0 Fairless Hill Falls Twp., PA G 60.0 Pennsbury Falls Twp., PA G 6.0 ------- Total for Claimant's Stations 8,691.8 PECO ENERGY POWER COMPANY SUSQUEHANNA POWER COMPANY Conowingo Near Conowingo, MD, on Susquehanna River H 512.0 ------- Total for Claimant and Subsidiaries 9,203.8 ======= (A) G = Gas Turbine S = Steam Turbine I = Internal Combustion N = Nuclear M = Mine-mouth, steam turbine HP= Hydro-Pumped Storage H = Hydro
The following summary shows the relationship of the principal properties by Claimant to those owned by subsidiaries,
OWNED BY OWNED BY ELECTRIC PROPERTIES CLAIMANT SUBSIDIARIES TOTAL Generating Capacity (MW) 8,692 512 9,204 Substation Transformer Capacity (KVA) 34,877,382 -0- 34,877,382 Transmission and Distribution Lines - Conductor Mile 87,140 94 87,234 GAS PROPERTIES Liquefied Natural Gas Storage Capacity (MCF) 1,200,000 -0- 1,200,000 Max. Daily Sendout (MCF/Day) 157,000 -0- 157,000 Propane-Air Storage Capacity (Gallons) 1,980,000 -0- 1,980,000 Max. Daily Sendout (MCF/Day) 25,000 -0- 25,000 Distribution Main (Miles) 5,458 -0- 5,458
In addition to the electric generating plants described above, Claimant owns 87,234 conductor miles of transmission and distribution lines including 891 conductor miles of 500,000 volts, 1,634 conductor miles of 220,000 volts, 15 conductor miles of 132,000 volts, 570 conductor miles of 66,000 volts, 46,846 conductor miles of 33,000, 13,000 and 4,000 volts, and 37,278 conductor miles of 220-110 volts. Claimant owns and operates 431 substations with a total installed capacity of 34,877,382 KVA in transformer equipment and 123,000 KW in 25 cycle frequency converter equipment. The capacities used in this statement are nameplate ratings, except where limited by associated equipment or operating conditions, in which case the limited capacity is used. Claimant's transmission lines make five connections with Public Service Electric and Gas Company (New Jersey) at the Pennsylvania-New Jersey line: two near New Hope, Pennsylvania, one at Biles Island on the Delaware River near Morrisville, Pennsylvania, one near Bristol, Pennsylvania and one on the Pennsylvania Railroad Company bridge extending between Philadelphia, Pennsylvania and Camden, New Jersey. Claimant's lines also connect with those of Delmarva Power and Light Company at the Pennsylvania-Delaware line near Naamans, Pennsylvania and at the Pennsylvania-Maryland state line near Pleasant Grove, Pennsylvania. Connection is also made with the Atlantic City Electric Company at the Pennsylvania-New Jersey state line in Chester, Pennsylvania. Two connections are made with the Baltimore Gas and Electric Company transmission line at the Pennsylvania-Maryland state line near Delta, Pennsylvania. Connection also is made with Susquehanna Power Company, a subsidiary of the Claimant, at the Pennsylvania-Maryland state line near Goat Hill, Pennsylvania by the transmission lines which the Claimant leases from its subsidiary, PECO Energy Power Company. A line of PECO Energy Company connects with a line of Susquehanna Power Company at the Pennsylvania-Maryland state line near Slate Hill, Pennsylvania. Finally, Claimant is interconnected with PP&L, Inc. near Towamencin and Elroy, Pennsylvania. Provision of open access transmission service over these lines and all the transmission lines of the Claimant has been delegated to an independent system operator.
GAS PLANTS Claimant owns and operates the following gate stations where natural gas is received from suppliers: TRANS TEX.EAST CONT. LNG PROPANE/AIR STATION MTR STAT. MTR STAT. FACILITIES FACILITIES Buckingham * Tilghman St., Chester * * West Conshohocken * * * * Ivyland * Oreland * Pottstown * East Greenville * Kennett Square * Coatesville * Parkesburg * U. S. Steel-Dolington * Morrisville * Cromby-Phoenixville * Lukens-Conshohocken * Corson-Plymouth Meeting * Planebrook * Hatfield * Merck-Worcester * Upper Providence * Eddystone * Centerpoint * Hershey Mill *
Claimant owns and operates a natural gas liquefaction and storage plant at West Conshohocken, Pennsylvania, having the following characteristics: Gross Liquefaction Capacity: 6600 MCF/Day (Net 6000 MCF/Day after boiloff) Design Sendout Capacity: 157,000 MCF/Day LNG Tank Capacity: 1,200,000 MCF of Natural Gas Claimant also owns and operates a propane air peak shaving facility at Chester, Pennsylvania, having the following characteristics: Design Capacity: 25,000 MCF/Day Propane - Air On Site LPG Capacity: Twenty-two 90,000 gallon tanks Claimant has contracts with Texas Eastern Transmission Corporation (TETCO), Transcontinental Gas Pipe Line Corporation (Transco), and storage services under Service Agreements and Tariffs on file with the FERC. Aggregate annual entitlements are approximately 55 million dekatherms for supply and 21.5 million dekatherms for storage.
MAXIMUM SUPPLY EXPIRATION DAILY ANNUAL Direct Produce 3/01 219,884dth(w) 57,101,987dth 125,533dth(s) MAXIMUM STORAGE EXPIRATION DAILY CAPACITY CNG GSS Storage Service 3/31/06 34,663 dth 3,326,029 dth Equitrans SS-3 Storage 3/31/02 12,495 1,306,250 Texas Eastern SS-1A 4/30/00 43,601 2,616,030 Texas Eastern SS-1B 4/30/00 10,381 726,670 Texas Eastern SS-1C 4/30/00 12,419 1,466,737 Transco GSS Storage 3/31/92* 54,508 2,794,365 Transco WSS Storage 3/31/98 43,382 3,687,492 Transco S-2 Storage Annual 31,142 2,800,347 Panhandle Eastern 3/01/15 30,511 2,745,990 FS Storage Transco ESS Emin. Stor. 10/31/13 37,539 264,320 MAXIMUM TRANSPORTATION EXPIRATION DAILY USE Equitrans STS 3/31/02 12,495 to SS-3 Storage Texas Eastern FT-1 10/31/99 35,000 Firm Transport Texas Eastern CDS 10/31/99 49,286 Firm Transport Texas Eastern FTS-2 3/31/02 13,486 From SS-3 Storage Texas Eastern FTS-7 4/30/15 24,170 From CNG GSS Storage Texas Eastern FTS-8 4/30/15 9,850 From CNG GSS Storage Transco FT 4/31/06 154,278 (Nov-Mar) Firm Transport 158,832 (Dec-Feb) Panhandle Eastern 3/31/15 29,973 11/1-3/31 From FS EFT 14,043 5/1-10/31 Storage Texas Eastern 10/31/15 29,210 From FS FT1 Storage Panhandle Eastern 10/31/15 29,913 (Dec-Mar) From FS LLFT 14,165 (Apr-Nov) Storage *Initial contract term expired continuing subject to service agreement term and FERC Section 7 certification.
In addition to the pipeline services rendered under the above contracts, Claimant also purchases short-term spot supplies on a best efforts basis from various gas producers and gas marketing companies. During 1997, total natural gas throughput from all sources, including transportation of customer-owned gas delivered in the Commonwealth of Pennsylvania, was approximately 85.4 million cubic feet. The maximum one day sendout of Claimant for calendar year 1997 occurred on January 18 and amounted to 566,504,000 cubic feet of gas. PECO ENERGY POWER COMPANY AND SUSQUEHANNA POWER COMPANY PECO Energy Power Company and its subsidiary, Susquehanna Power Company, own the Conowingo Hydroelectric Project, which they constructed under a federal license dated February 20, 1926, issued by the Federal Power Commission under the Federal Water Power Act of 1920. The original license expired in 1976 after its 50-year term was completed. A new license was issued August 14, 1980 and will expire September 1, 2014. This expiration date is concurrent with the license for the Claimant's Muddy Run Pumped Storage Project. The common expiration date was based on FERC's desire to provide for concurrent future relicensing of both projects since they are contiguous and are coordinated in operation. Susquehanna Power Company owns the dam, power plant and substations which are located at Conowingo, Maryland, on the Susquehanna River about four miles above tidewater, and also owns the portion of the pool and transmission lines in Maryland. PECO Energy Power Company owns the portion of the pool and transmission lines in Pennsylvania. These properties are operated under lease by the affiliated company as described under Item 1. The dam is of solid concrete masonry construction and is approximately 4,650 feet in length, including the powerhouse, headworks, regulating gates, gate-controlled spillway and abutments. The power station has a total rated installed generating capacity of 512,000 kilowatts consisting of seven original hydro-electric generating units each rated at 36,000 kilowatts capacity, andfour additional units installed in 1964 each rated at 65,000 kilowatts capacity. The total station capacity has been reduced to 410 MW in the summer season due to the water releases required by FERC. The reservoir extends upstream about 15 miles over land on which licensee subsidiaries of the Claimant have flowage rights. There are two transmission substations having a total rated capacity of 610,000 KVA. One, located on the roof of Conowingo Station, has a rated capacity of 560,000 KVA and steps up the energy generated at Conowingo Station from 13,200 volts to 230,000 volts for transmission to the electric lines of the Claimant. The other is a 13,200-33,000 volt substation with a rated capacity of 50,000 KVA, from which energy is supplied to Conowingo Power Company, an affiliate of Delmarva Power and Light Company, and to the Claimant for distribution. There are 63 circuit miles of 220,000 volt transmission lines and 29 circuit miles of 33,000 volt transmission lines. The 220,000 volt transmission lines consist of two single circuit lines supported on steel towers, of which 42 circuit miles, from the Conowingo plant to the Maryland-Pennsylvania state line, near Goat Hill, Pennsylvania, are owned by Susquehanna Power Company, and the balance of 21 circuit miles from the Maryland-Pennsylvania state line to a point at the boundary between West Nottingham and East Nottingham Townships in Pennsylvania are owned by PECO Energy Power Company. The 33,000 volt transmission lines are owned by Susquehanna Power Company. 3. THE FOLLOWING INFORMATION FOR THE LAST CALENDAR YEAR WITH RESPECT TO CLAIMANT AND EACH OF ITS SUBSIDIARY PUBLIC UTILITY COMPANIES: (A) NUMBER OF KWH OF ELECTRIC ENERGY SOLD (AT RETAIL OR WHOLESALE), AND MCF OF NATURAL OR MANUFACTURED GAS DISTRIBUTED AT RETAIL.
KWH SOLD (AT RETAIL OR WHOLESALE) ELECTRIC SALES BY INTERCOMPANY OTHER TOTAL PECO Energy Co. - 63,857,000,131(a) 63,857,000,131 PECO Energy Power Co. - - - Susquehanna Power Co - - - Susquehanna Electric 1,544,180,164 - 1,544,180,164 Note: (a) - Reflects gross deliveries including 1,926,828,000 kilowatthours accounted for under the purchased and interchange power account. GAS SALES BY MCF OF GAS DISTRIBUTED AT RETAIL PECO Energy Co. 54,994,523
(B) - NUMBER OF KWH OF ELECTRIC ENERGY AND MCF OF NATURAL OR MANUFACTURED GAS DISTRIBUTED AT RETAIL OUTSIDE THE STATE IN WHICH EACH SUCH COMPANY IS ORGANIZED. None (C) - NUMBER OF KWH OF ELECTRIC ENERGY AND MCF OF NATURAL OR MANUFACTURED GAS SOLD AT WHOLESALE OUTSIDE THE STATE IN WHICH EACH SUCH COMPANY IS ORGANIZED, OR AT THE STATE LINE.
KWH SOLD (AT RETAIL OR WHOLESALE) ELECTRIC SALES BY INTERCOMPANY OTHER TOTAL PECO Energy Co. - 30,820,369,744(a) 30,820,369,744 PECO Energy Power Co. - - - Susquehanna Power Co - - - Susquehanna Electric Co. 1,544,180,164 - 1,544,180,164 Note: (a) - PECO Energy Company also had a delivery of 1,926,828,000 kilowatthours of energy to the Pennsylvania-New Jersey-Maryland Interconnection, some portion of which was sold at state lines, but the amount so sold cannot be determined. This energy is accounted for using the purchased and interchange power account. GAS SALES BY MCF OF GAS DISTRIBUTED AT WHOLESALE PECO Energy Co. None
(D) NUMBER OF KWH OF ELECTRIC ENERGY AND MCF OF NATURAL OR MANUFACTURED GAS PURCHASED OUTSIDE THE STATE IN WHICH EACH SUCH COMPANY IS ORGANIZED, OR AT THE STATE LINE.
KWH PURCHASED AT STATE LINE ELECTRIC PURCHASES BY INTERCOMPANY OTHER TOTAL PECO Energy Co. 1,544,180,164 3,000,000,000(a)* 4,544,180,164 PECO Energy Power Co. - - - Susquehanna Power Co. - - - Susquehanna Electric Co. - - - * Estimated Note: (a) - PECO Energy Company also received 29,139,000,000 kilowatthours of energy from the Pennsylvania-New Jersey-Maryland Interconnection, a portion of which was purchased at state lines, but the amount purchased cannot be determined. This energy is accounted for using the purchased and interchange power account. GAS PURCHASED BY MMCF OF GAS PURCHASED AT STATE LINE PECO Energy Co. 54,994,523
4. THE FOLLOWING INFORMATION FOR THE REPORTING PERIOD WITH RESPECT TO CLAIMANT AND EACH INTEREST IT HOLDS DIRECTLY OR INDIRECTLY IN AN EWG OR A FOREIGN UTILITY COMPANY, STATING MONETARY AMOUNTS IN UNITED STATES DOLLARS: (A) NAME, LOCATION, BUSINESS ADDRESS AND DESCRIPTION OF THE FACILITIES USED BY THE EWG OR FOREIGN UTILITY COMPANY FOR THE GENERATION, TRANSMISSION AND DISTRIBUTION OF ELECTRIC ENERGY FOR SALE OR FOR THE DISTRIBUTION AT RETAIL OF NATURAL OR MANUFACTURED GAS. None (B) NAME OF EACH SYSTEM COMPANY THAT HOLDS AN INTEREST IN SUCH EWG OR FOREIGN UTILITY COMPANY; AND DESCRIPTION OF THE INTEREST HELD. None (C) TYPE AND AMOUNT OF CAPITAL INVESTED, DIRECTLY OR INDIRECTLY, BY THE HOLDING COMPANY CLAIMING EXEMPTION; ANY DIRECT OR INDIRECT GUARANTEE OF THE SECURITY OF THE EWG OR FOREIGN UTILITY COMPANY BY THE HOLDING COMPANY CLAIMING EXEMPTION; AND ANY DEBT OR OTHER FINANCIAL OBLIGATION FOR WHICH THERE IS RECOURSE, DIRECTLY OR INDIRECTLY, TO THE HOLDING COMPANY CLAIMING EXEMPTION OR ANOTHER SYSTEM COMPANY, OTHER THAN THE EWG OR FOREIGN UTILITY COMPANY. None (D) CAPITALIZATION AND EARNINGS OF THE EWG OR FOREIGN UTILITY COMPANY DURING THE REPORTING PERIOD. None (E) IDENTIFY ANY SERVICE, SALES OR CONSTRUCTION CONTRACT(S) BETWEEN THE EWG OR FOREIGN UTILITY COMPANY AND A SYSTEM COMPANY, AND DESCRIBE THE SERVICES TO BE RENDERED OR GOODS SOLD AND FEES OR REVENUES UNDER SUCH AGREEMENT(S). None EXHIBITS Exhibit A - Consolidated statement of income and retained earnings of Claimant and its subsidiary companies for the calendar year 1997, together with a consolidated balance sheet of Claimant and its subsidiary companies as of the close of such calendar year. Exhibit B - Financial Data Schedule. Exhibit C - Not Applicable. ***************************************************************** SIGNATURES The above-named Claimant has caused this statement to be duly executed on its behalf by its authorized officer on this 27th day of February 1998. PECO Energy Company 2301 Market Street Philadelphia, PA 19103 /s/ J. Barry Mitchell ------------------------ Vice President - Finance and Treasurer CORPORATE SEAL Attest: /s/ K. K. Dodd - ----------------------------- Corporate Secretary Name, title and address of officer to whom notices and correspondence concerning this statement should be addressed: J. Barry Mitchell Vice President - Finance and Treasurer ------------------------------------------------------------------ (Name) (Title) PECO Energy Company 2301 Market Street, PO Box 8699, Philadelphia, PA 19101 ---------------------------------------------------------------- (Mailing Address) EX-99 2 EXHIBIT A- STATEMENTS PECO Energy Company Subsidiary Companies Consolidating Statement of Income Twelve Months Ended December 31, 1997 (Thousands of Dollars) Exhibit A 1 of 28
PECO Consol. Comb. Energy Totals Eliminations Totals Co. ---------- ------------ ------- ----- Operating Revenues Electric $4,166,669 $43,837 $4,210,506 $4,166,078 Gas 451,232 - 451,232 451,232 Nonutility Subsidies 65,270 - 65,270 - ---------- ------- ---------- ---------- Total Operatingvenues 4,683,171 43,837 4,727,008 4,617,310 ---------- ------- ---------- ---------- Operating Expenses Fuel and Energy Inter. 1,355,953 - 1,355,953 1,315,979 Operating and Maint. 1,455,886 43,837 1,499,723 1,423,326 Depreciation 581,265 - 581,265 578,934 Taxes Other Than Incom 310,284 - 310,284 307,459 ---------- -------- --------- --------- Total Operating Expes 3,703,388 43,837 3,747,225 3,625,698 --------- -------- --------- --------- Operating Income 979,783 - 979,783 991,612 --------- -------- --------- --------- Other Income and Deductions Interest Charges (372,929) (34,040) (406,969) (376,931) Company Obligated Mandatorily Redeemable Preferred Securities of a Partnership, which holds Solely Subordinated Debentures of the Company (28,990) - (28,990) (28,990) Allowance for Funds Used During Construction 21,770 - 21,770 21,000 Settlement of Salem Litigation 69,849 - 69,849 69,849 Equity in Earnings of Subsidiary Companies - (23,658) (23,658) (21,702) Other, Net (48,158) 34,040 (14,118) (37,987) --------- --------- -------- -------- Total Other Income and Deductions (358,458) (23,658) (382,116) (374,761) --------- --------- -------- -------- Income Before Income Taxes and Extraordinary Item 621,325 (23,658) 597,667 616,851 --------- --------- -------- -------- Income Taxes 284,767 - 284,767 289,415 --------- --------- -------- -------- Income Before Extraordinary Item 336,558 (23,658) 312,900 327,436 --------- ---------- -------- -------- Extraordinary Item (1,833,664) - (1,833,664)(1,824,542) ---------- ---------- --------- --------- Net (Loss)/Income $(1,497,106) $(23,658) $(1,520,764) $(1,497,106) ============ ========== ========== ==========
PECO Energy Company Subsidiary Companies Consolidating Statement of Income Twelve Months Ended December 31, 1997 (Thousands of Dollars) Exhibit A 2 of 28
PECO Energy Susq. Susq. Power Power Electric PECO Energy Company Company Company Wireless -------- --------- -------- ---------- Operating Revenues Electric $ 1,073 $ 17,217 $ 26,138 $ - Gas - - - - Nonutility Subsidiaries - - - - -------- ------- -------- -------- Total Operating Revenues 1,073 17,217 26,138 - -------- ------- -------- -------- Operating Expenses Fuel and Energy Interchange - - - - Operating and Maintenance - - 25,937 - Depreciation 45 1,615 - - Taxes Other Than Income 209 2,361 60 - -------- ------- ------ ------- Total Operating Expenses 254 3,976 25,997 - -------- ------- ------ ------- Operating Income 819 13,241 141 - -------- ------- ------ ------- Other Income and Deductions Interest Charges (6) (5) (4) - Company Obligated Mandatorily Redeemable Preferred Securities of a Partnership, which holds Solely Subordinated Debentures of the Company - - - - Allowance for Funds Used During Construction - 770 - - Settlement of Salem Litigation - - - - Equity in Earnings of Subsidiary Companies 786 - - - Other, Net - 130 106 (10,022) ----- ----- --- ------- Total Other Income and Deductions 780 895 102 (10,022) ----- ----- --- -------- Income Before Income Taxes and Extraordinary Item 1,599 14,136 243 (10,022) ----- ------ --- -------- Income Taxes 302 5,093 176 (3,508) ----- ------ --- -------- Income Before Extraordinary Item 1,297 9,043 67 (6,514) ----- ------ --- -------- Extraordinary Item (328) (8,257) (537) - ----- ------ ---- -------- Net (Loss) / Income $ 969 $ 786 $(470) $(6,514) ===== ====== ===== =======
PECO Energy Company Subsidiary Companies Consolidating Statement of Income Twelve Months Ended December 31, 1997 (Thousands of Dollars) Exhibit A 3 of 28
PECO Eastern PECO Energy Cap. Pennsylvania Energy Cap. Limited Devel. Company Adwin Corporation Partnership -------------- Realty Co. ----------- ----------- ---------- Operating Revenues Electric $ - $ - $ - $ - Gas - - - - Nonutility Subsidiaries - - 2,141 -------- ------- ------- -------- Total Operating Rev - - - 2,141 -------- ------- ------- -------- Operating Expenses Fuel and Energy Inter. - - - - Operating and Maintenance 8 170 1 4,765 Depreciation - - - 56 Taxes Other Than Income - - - 124 -------- ------- ------- -------- Total Operating Exp. 8 170 1 4,945 -------- ------- ------- -------- Operating Income (8) (170) (1) (2,804) -------- ------- ------- -------- Other Income and Deductions Interest Charges - (29,953) - (70) Company Obligated Mandatorily Redeemable Preferred Securities of a Partnership, which holds Solely Subordinated Debentures of the Company - - - - Allowance for Funds Used During Construction - - - - Settlement of Salem Litigation - - - - Equity in Earnings of Subsidiary Companies (236) - (2,506) - Other, Net 4,149 29,887 - - ------ ------ ------- --------- Total Other Inc and Ded 3,913 (66) (2,506) (70) ------ ------ ------- --------- Income Before Income Taxes and Extraordinary Item 3,905 (236) (2,507) (2,874) ------ ------ ------- --------- Income Taxes 1,366 - - 629 ------ ------ ------- --------- Income Before Extraordinary Item 2,539 (236) (2,507) (3,503) ------ ------ ------- --------- Extraordinary Item - - - - ------ ------ ------- --------- Net (Loss) / Income $ 2,539 $(236) $(2,507) $ (3,503) ======= ====== ======== =========
PECO Energy Company Subsidiary Companies Consolidating Statement of Income Twelve Months Ended December 31, 1997 (Thousands of Dollars) Exhibit A 4 of 28
Energy Eastern Adwin Equip Perform. Pennsylvania Horizon Company Services Exploration Energy Co ------------ Incorp. Company --------- --------- ----------- Operating Revenues Electric $ - $ - $ - $ - Gas - - - - Nonutility Subsidiaries 2,627 16,270 - 39,414 ----- ------ --------- --------- Total Operating Rev 2,627 16,270 - 39,414 ----- ------ --------- --------- Operating Expenses Fuel and Energy Inter. - - - 39,974 Operating and Maintenance 121 17,299 4 16,144 Depreciation 18 571 - - Taxes Other Than Income 58 - - - ----- ------- --------- ------- Total Operating Exp. 197 17,870 4 56,118 ----- ------- --------- ------- Operating Income 2,430 (1,600) (4) (16,704) ----- ------ --------- ------- Other Income and Deductions Interest Charges - - - - Company Obligated Mandatorily Redeemable Preferred Securities of a Partnership, which holds Solely Subordinated Debentures of the Company - - - Allowance for Funds Used During Construction - - - - Settlement of Salem Litigation - - - - Equity in Earnings of Subsidiary Companies - - - - Other, Net - (169) - - ----- ------- -------- ------- Total Other Income and Ded. - (169) - - ----- ------- -------- ------- Income Before Income Taxes and Extraordinary Item 2,430 (1,769) (4) (16,704) ----- ------- -------- -------- Income Taxes 97 (433) 4 (5,829) ----- ------- -------- -------- Income Before Extra. Item 2,333 (1,336 (8) (10,875) ----- ------- -------- -------- Extraordinary Item - - - - ----- ------- -------- -------- Net (Loss) / Income $2,333 $(1,336) $ (8) $ (10,875) ====== ======== ======== =========
PECO Energy Company Subsidiary Companies Consolidating Statement of Income Twelve Months Ended December 31, 1997 (Thousands of Dollars) Exhibit A 5 of 28
Energy Trading Exelon Company -------------- ------------- Operating Revenues Electric $ - $ - Gas - - Nonutility Subsidiaries 4,818 - -------------- -------------- Total Operating Revenues 4,818 - -------------- -------------- Operating Expenses Fuel and Energy Interchange - - Operating and Maintenance 11,948 - Depreciation 26 - Taxes Other Than Income 13 - -------------- -------------- Total Operating Expenses 11,987 - -------------- -------------- Operating Income (7,169) - -------------- -------------- Other Income and Deductions Interest Charges - - Company Obligated Mandatorily Redeemable Preferred Securities of a Partnership, which holds Solely Subordinated Debentures of the Company - - Allowance for Funds Used During Construction - - Settlement of Salem Litigation - - Equity in Earnings of Subsidiary Companies - - Other, Net - (212) -------------- -------------- Total Other Income and Deductions - (212) -------------- -------------- Income Before Income Taxes and Extraordinary Item (7,169) (212) ------------- ------------- Income Taxes (2,471) (74) ------------- ------------- Income Before Extraordinary Item (4,698) (138) ------------- ------------- Extraordinary Item - - ------------- ------------- Net (Loss) / Income $ (4,698) $ (138) ============= =============
PECO Energy Company and Subsidiaries Consolidating Statement of Unappropriated Retained Earnings Twelve Months Ended December 31, 1997 (Thousands of Dollars) Exhibit A 6 of 28
PECO Consol. Combined Energy Totals Eliminations Totals Company ------- ------------ -------- ------- Balance at January 1, 1997 $1,127,041 $ - $ 1,127,041 $ 1,171,539 Additions: Net Income for twelve months ended December 31, 1997 excluding Equity in Earnings of Subsidiary Companies) (1,497,106) - (1,497,106) (1,475,404) Dividends Received from Subsidiary Companies - (2,399 (2,399) (4,517) --------- ----- --------- --------- Total Additions (1,497,106) (2,399) (1,499,505) (1,479,921) --------- ----- --------- --------- Deductions: Expenses in Connection with Issuance of Preferred Stock (98) - (98) - Cash Dividend Declared Preferred Stock 16,805 - 16,805 16,805 Common Stock 400,578 (2,399) 398,179 400,578 Divestment/Other - - - - Stock Repurchase Forward Interest 4,889 - 4,889 4,889 Issuance of Stock Long-Term Incentive Plan - - - - ------ ------ -------- ----- Total Deductions 422,174 (2,399) 419,775 422,272 ------- ------ -------- ------- Balance at December 31, 1997 $(792,239) $ - $(792,239) $(730,654) ======== ====== ======== ========
PECO Energy Company and Subsidiaries Consolidating Statement of Unappropriated Retained Earnings Twelve Months Ended December 31, 1997 (Thousands of Dollars) Exhibit A 7 of 28
PECO Energy Susquehanna Susquehanna PECO Power Power Electric Energy Company Company Company Wireless ------- ---------- ----------- ------- Balance at January 1, 1997 $ 948 $ 6,446 $ 6 $ 78 Additions: Net Income for twelve months ended December 31, 1997 excluding Equity in Earnings of Subsidiary Companies) 183 786 (470) (6,514) Dividends Received from Subsidiary Companies 9,166 - - - ------ -------- ------- -------- Total Additions 9,349 786 (470) (6,514) ------ -------- ------- --------- Deductions: Expenses in Connection with Issuance of Preferred Stock - - - - Cash Dividend Declared Preferred Stock - - - - Common Stock 9,693 9,166 - - Divestment/Other Stock Repurchase Forward Interest - - - - Issuance of Stock Long-Term Incentive Plan - - - - ------ ------ ------ ------- Total Deductions 9,693 9,166 - - ------ ------ ------ ------- Balance at December 31, 1997 $ 604 $(1,934) $ (464) $(6,436) ======= ======= ======= =========
PECO Energy Company and Subsidiaries Consolidating Statement of Unappropriated Retained Earnings Twelve Months Ended December 31, 1997 (Thousands of Dollars) Exhibit A 8 of 28
PECO PECO Energy Eastern Energy Capital Pennsylvania Adwin Capital Limited Development Realty Corporation Partnership Company Co. ------------- ------------ ------------ ------ Balance at January 1, 1997 $ (25) $ (10,656) $ 3,370 $(14,891) Additions: Net Income for twelve months ended December 31, 1997 excluding Equity in Earnings of Subsidiary Companies) 2,775 (236) (1) (3,503) Dividends Received from Subsidiary Companies - - (3,524) - ------ --------- -------- -------- Total Additions 2,775 (236) (3,525) (3,503) ------ --------- -------- -------- Deductions: Expenses in Connection with Issuance of Preferred Stock - (98) - - Cash Dividend Declared Preferred Stock - - Common Stock 2,231 - (3,524) - Divestment/Other - - - - Stock Repurchase Forward Interest - - - - Issuance of Stock Long-Term Incentive Plan - - - - ------- --------- ------- -------- Total Deductions 2,231 (98) (3,524) - ------- --------- ------- -------- Balance at December 31, 1997 $ 519 $ (10,794) $ 3,369 $(18,394) ======== ========= ======= ========
PECO Energy Company and Subsidiaries Consolidating Statement of Unappropriated Retained Earnings Twelve Months Ended December 31, 1997 (Thousands of Dollars) Exhibit A 9 of 28
(Sub of EPDC) Energy Eastern Adwin Performance Pennsylvania Horizon Equip Services Exploration Energy Co. Incorp. Company Company ------------ ------------ --------- ------- Balance at January 1, 1997 $ (5,857) $ (5,831) $(16,433) $ (248) Additions: Net Income for twelve months ended December 31, 1997 excluding Equity in Earnings of Subsidiary Companies) 2,333 (1,336) (8) (10,875) Dividends Received from Subsidiary Companies - - - - ------ -------- --------- --------- Total Additions 2,333 (1,336) (8) (10,875) ------ -------- --------- --------- Deductions: Expenses in Connection with Issuance of Preferred Stock - - - - Cash Dividend Declared Preferred Stock - - - - Common Stock (3,524) - (16,441) - Divestment/Other - - - - Stock Repurchase Forward Interest - - - - Issuance of Stock Long-Term Incentive Plan - - - - ------- -------- --------- -------- Total Deductions (3,524) - (16,441) - ------- -------- --------- -------- Balance at December 31, 1997 $ - $(7,167) $ - $(11,123) ======= ========= ========= ========
PECO Energy Company and Subsidiaries Consolidating Statement of Unappropriated Retained Earnings Twelve Months Ended December 31, 1997 (Thousands of Dollars) Exhibit A 10 of 28
(Sub of PECO) Energy Adwin Trading Equipment Exelon Company Company ----------- ------------ ---------- Balance at January 1, 1997 $ (1,405) $ - $ - Additions: Net Income for twelve months ended December 31, 1997 excluding Equity in Earnings of Subsidiary Companies) (4,698) (138) - Dividends Received from Subsidiary Companies - (3,524) -------- --------- -------- Total Additions (4,698) (138) (3,524) -------- --------- -------- Deductions: Expenses in Connection with Issuance of Preferred Stock - - - Cash Dividend Declared Preferred Stock - - - Common Stock Divestment/Other - - - Stock Repurchase Forward Interest - - - Issuance of Stock Long-Term Incentive Plan - - - ------- -------- -------- Total Deductions - - - ------- -------- -------- Balance at December 31, 1997 $ 6,103) $ (138) $ (3,524) ======== ========== ==========
PECO Energy Company and Subsidiary Companies Consolidating Balance Sheet December 31, 1997 (Thousands of Dollars) Exhibit A 11 of 28
PECO Consolidted Combined Energy Totals Elimin. Totals Company ----------- ------- ------- ------- Assets Utility Plant, at Original Cost Electric - Trans & Dist $ 3,617,666 $ - $ 3,617,666 $ 3,476,269 Electric - Generation 1,434,895 - 1,434,895 1,434,895 Gas 1,071,819 - 1,071,819 1,071,819 Common 331,926 - 331,926 302,672 ----------- ------- ----------- ---------- 6,456,306 - 6,456,306 6,285,655 Less: Accum. Prov. for Depr. 2,693,085 - 2,693,085 2,655,995 ----------- ------- ----------- --------- 3,763,221 - 3,763,221 3,629,660 Nuclear Fuel, Net 147,359 - 147,359 147,359 Construction Work in Progress 611,204 - 611,204 604,169 Leased Property, Net 175,933 - 175,933 175,933 ----------- ------- ----------- ----------- Net Utility Plant 4,697,717 - 4,697,717 4,557,121 ----------- ------- ----------- ----------- Current Assets Cash and Temp Cash Invest. 41,350 - 41,350 31,617 Accounts Receivable, net Customers 191,666 - 191,666 173,350 Other 141,125 395,066 536,191 109,142 Inventories, at Average Cost Fossil Fuel 85,842 - 85,842 84,858 Materials and Supplies 90,969 - 90,969 90,684 Def.Gen. Costs Rcvr.in Rates 424,497 - 424,497 424,497 Deferred Energy Costs - Gas 35,665 - 35,665 35,665 Other 22,963 - 22,963 19,852 ---------- -------- ---------- --------- Total Current Assets 1,034,077 395,066 1,429,143 969,665 ---------- -------- ---------- --------- Deferred Debits and Other Assets Compet. Transition Charge 5,274,624 - 5,274,624 5,274,624 Rcvrble Def.Income Taxes 590,872 - 590,872 588,131 Deferred Limerick Costs - - - - Deferred Non-pension Postretirement Benefit Costs 97,409 - 97,409 97,409 Investments 485,064 - 485,064 392,440 Investments in Sub. Cos. - 452,157 452,157 306,232 Loss on Reacquired Debt 83,918 - 83,918 83,918 Other 126,692 - 126,692 118,519 --------- --------- ---------- ---------- Tot.Def.Dbts & Othr Assts 6,658,579 452,157 7,110,736 6,861,273 ---------- --------- ---------- ---------- Total $12,390,373 $ 847,223 $13,237,596 $12,388,059 =========== ========= =========== ===========
PECO Energy Company and Subsidiary Companies Consolidating Balance Sheet December 31, 1997 (Thousands of Dollars) Exhibit A 12 of 28
PECO Energy Susq. Susq. PECO Power Pwr. Elec. Energy Company Co. Co. Wireless --------- ------ ----- --------- Assets Utility Plant, at Original Cost Electric - Transmission & Distribution $ 6,103 $135,294 $ - $ - Electric - Generation - - - - Gas - - - - Common - - - - ------- -------- ----- ----- 6,103 135,294 - - Less: Accumulated Provision for Depr. 689 34,140 - - ------- -------- ----- ----- 5,414 101,154 - - Nuclear Fuel, Net - - - - Construction Work in Progress - 7,035 - - Leased Property, Net - - - - ------- ------- ----- ----- Net Utility Plant 5,414 108,189 - - ------- ------- ----- ----- Current Assets Cash and Temporary Cash Investments 235 609 73 1 Accounts Receivable, net Customers - - - - Other (644) 1,248 3,192 30,567 Inventories, at Average Cost Fossil Fuel - - - - Materials and Supplies - - 206 - Deferred Generation Costs Recoverable in Rates - - - - Deferred Energy Costs - Gas - - - - Other 30 153 80 - ------ ----- ----- ------ Total Current Assets (379) 2,010 3,551 30,568 ------ ----- ----- ------ Deferred Debits and Other Assets Competitive Transition Charge - - - - Recoverable Deferred Income Taxes 30 2,106 - - Deferred Limerick Costs - - - - Deferred Non-pension Postretirement Benefit Costs - - - - Investments 385 1,113 - 71,040 Investments in Subsidiary Companies 91,829 - - - Loss on Reacquired Debt - - - - Other - 87 (354) - ------- ------ ----- ----- Total Deferred Debits and Other Assets 92,244 3,306 (354) 71,040 ------- ------ ----- -------- Total $ 97,279 $13,505 $3,197 $101,608 ========= ======= ====== =======
PECO Energy Company and Subsidiaries Consolidating Balance Sheet December 31, 1997 (Thousands of Dollars) Exhibit A 13 of 28
PECO East. PECO Energy Penn. Adwin Capit. Capital Devel. Realty Corp. Partner. Comp. Company -------- -------- ------- --------- Assets Utility Plant, at Original Cost Electric - T & D $ - $ - $ - $ - Electric - Generation - - - - Gas - - - - Common - - - 19,220 ------- -------- -------- ------- - - - 19,220 Less: Accumulated Provision for Depr. - - - 388 ------- -------- -------- ------- - - - 18,832 ------- -------- -------- ------- Nuclear Fuel, Net - - - - Construction Work in Progress - - - - Leased Property, Net - - - - ------- -------- -------- ------- Net Utility Plant - - - 18,832 ------- -------- -------- ------- Current Assets Cash and Temporary Cash Investments 831 8 2 2,094 Accounts Receivable, net Customers - - - 1,640 Other 31,382 360,175 192 187 Inventories, at Average Cost Fossil Fuel - - - - Materials and Supplies - - - - Deferred Gen. Costs Rcvrble in Rates - - - - Deferred Energy Costs - Gas - - - - Other - - - - ------- ------- ------ ----- Total Current Assets 32,213 360,183 194 3,921 ------- ------- ------ ----- Deferred Debits and Other Assets Competitive Transition Charge - - - - Recoverable Deferred Income Taxes - - - - Deferred Limerick Costs - - - - Deferred Non-pension Postretirement Benefit Costs - - - - Investments - - 28 4,297 Investments in Subsidiary Companies 21,136 - 32,960 - Loss on Reacquired Debt - - - - Other - 2,764 2,428 - ------ ----- ------ ----- Total Def. Debits and Other Assets 21,136 2,764 35,416 4,297 ------ ----- ------ ----- Total $53,349 $362,947 $35,610 $27,050 ======= ======== ======= =======
PECO Energy Company and Subsidiaries Consolidating Balance Sheet December 31, 1997 (Thousands of Dollars) Exhibit A 14 of 28
Energy Performance Horizon Services Energy Incorporated Exelon Company ------------ -------- ------- Assets Utility Plant, at Original Cost Electric - T & D $ - $ - $ - Electric - Generation - - - Gas - - - Common 8,985 622 - -------- ------- ------ 8,985 622 - Less: Accumulated Provision for Depr. 1,735 25 - -------- ------- ------ 7,250 597 - Nuclear Fuel, Net - - - Construction Work in Progress - - - Leased Property, Net - - - -------- ------- ------ Net Utility Plant 7,250 597 - -------- ------- ------ Current Assets Cash and Temporary Cash Investments 837 14 2,465 Accounts Receivable, net - - - Customers 4,350 2,010 10,316 Other 391 30 - Inventories, at Average Cost Fossil Fuel - 984 - Materials and Supplies - - 79 Deferred Generation Costs Recoverable in Rates - - - Deferred Energy Costs - Gas - - - Other - 2,660 156 ------ ------- ------- Total Current Assets 5,578 5,698 13,016 ------ ------- ------ Deferred Debits and Other Assets Competitive Transition Charge - - - Recoverable Deferred Income Taxes - 605 - Deferred Limerick Costs - - - Deferred Non-pension Postretirement Benefit Costs - - - Investments 3,600 - 171 Investments in Subsidiary Companies - - - Loss on Reacquired Debt - - - Other 3,248 - - ------- ------ ------ Total Deferred Debits and Other Assets 6,848 605 171 ------- ------ ------ Total $ 19,676 $ 6,900 $13,187 ========= ======= ======
PECO Energy Company and Subsidiaries Consolidating Balance Sheet December 31, 1997 (Thousands of Dollars) Exhibit A 15 of 28
(Sub of PECO) Adwin Energy Equipment Trading Company Company ------------ ------------ Assets Utility Plant, at Original Cost Electric - Transmission & Distribution $ - $ - Electric - Generation - - Gas - - Common 427 - ------------ ------------ 427 - Less: Accumulated Provision for Depreciation 113 - ------------ ------------ 314 - Nuclear Fuel, Net - - Construction Work in Progress - - Leased Property, Net - - ------------ ------------ Net Utility Plant 314 - ------------ ------------ Current Assets Cash and Temporary Cash Investments 2,534 30 Accounts Receivable, net Customers - - Other 329 - Inventories, at Average Cost Fossil Fuel - - Materials and Supplies - - Deferred Generation Costs Recoverable in Rates - - Deferred Energy Costs - Gas - - Other 32 - ------------ ------------ Total Current Assets 2,895 30 ------------ ------------ Deferred Debits and Other Assets Competitive Transition Charge - - Recoverable Deferred Income Taxes - - Deferred Limerick Costs - - Deferred Non-pension Postretirement Benefit Costs - - Investments 11,802 188 Investments in Subsidiary Companies - - Loss on Reacquired Debt - - Other - - ------------ ------------ Total Deferred Debits and Other Assets 11,802 188 ------------ ------------ Total $ 15,011 $ 218 ============ ============
PECO Energy Company and Subsidiary Companies Consolidating Balance Sheet December 31, 1997 (Thousands of Dollars) Exhibit A 16 of 28
PECO Consol. Combined Ener. Totals Elimin. Totals Co. -------- -------- --------- ---- Capitalization and Liabilities Capitalization Common Shareholders' Equity Common Stock $3,517,731 $ 182,790 $3,700,521 $3,517,731 Other Paid-In Capital 1,239 348,636 349,875 1,239 Retained Earnings (792,239) (79,329) (871,568) (781,964) ---------- --------- ---------- --------- 2,726,731 452,097 3,178,828 2,737,006 Preferred and Preference Stock Without Mandatory Redemption 137,472 - 137,472 137,472 With Mandatory Redemption 92,700 - 92,700 92,700 Minority Interest in Preferred Securities of Subsidiaries 352,085 - 352,085 - Long-Term Debt 3,859,620 360,175 4,219,795 4,213,316 Advance from Subsidiary Companies - 31,442 31,442 31,382 --------- ------- --------- --------- Total Capitalization 7,168,608 843,714 8,012,322 7,211,876 --------- ------- --------- --------- Current Liabilities Notes Payable, Bank 405,260 - 405,260 401,500 Long-Term Debt Due Within One Year 248,048 - 248,048 247,087 Cap. Lease Oblig. Due W/I One Year 58,873 - 58,873 55,808 Accounts Payable 328,710 3,509 332,219 309,907 Taxes Accrued 61,641 - 61,641 65,655 Deferred Income Taxes 185,741 - 185,741 185,696 Interest Accrued 77,911 - 77,911 77,911 Dividend Payable 16,969 - 16,969 16,969 Other 261,009 - 261,009 259,686 -------- ------- -------- -------- Total Current Liabilities 1,644,162 3,509 1,647,671 1,620,219 --------- ------- --------- --------- Deferred Credits and Other Liabilities Capital Lease Obligations 120,125 - 120,125 120,125 Deferred Income Taxes 2,298,611 - 2,298,611 2,279,787 Unamortized Investment Tax Credits 318,065 - 318,065 317,147 Pension Obligation 211,596 - 211,596 210,738 Non-Pension Postret. Benef. Obli. 324,850 - 324,850 324,258 Other 304,356 - 304,356 303,909 --------- ------ --------- --------- Total Def. Cred. and Other Liab. 3,577,603 - 3,577,603 3,555,964 --------- ------ --------- --------- Total $12,390,373 847,223 13,237,596 12,388,059 =========== ======= ========== =========
PECO Energy Company and Subsidiary Companies Consolidating Balance Sheet December 31, 1997 (Thousands of Dollars) Exhibit A 17 of 28
PECO Energy Susq. Susq. PECO Power Power Elect. Energy Company Company Company Wireless -------- -------- ------- ------- Capitalization and Liabilities Capitalization Common Shareholders' Equity Common Stock $24,600 $ 47,047 $ 10 $111,029 Other Paid-In Capital 73,740 46,715 1,050 - Retained Earnings (1,332) (1,934) (463) (6,437) -------- --------- ------- -------- 97,008 91,828 597 104,592 Preferred and Preference Stock Without Mandatory Redemption - - - - With Mandatory Redemption - - - - Minority Interest in Preferred Securities of Subsidiaries - - - - Long-Term Debt - - - - Advance from Subsidiary Companies - - 60 - -------- --------- ------- ------- Total Capitalization 97,008 91,828 657 104,592 -------- --------- ------- ------- Current Liabilities Notes Payable, Bank - - - - Long-Term Debt Due Within One Year - - - - Capital Lease Oblig. Due Within One Year - - - - Accounts Payable (844) 520 789 - Taxes Accrued 446 4,669 (115) (4,535) Deferred Income Taxes - - - - Interest Accrued - - - - Dividend Payable - - - - Other 10 - 761 - --------- -------- ------ ------- Total Current Liabilities (388) 5,189 1,435 (4,535) --------- -------- ------ -------- Deferred Credits and Other Liabilities Capital Lease Obligations - - - - Deferred Income Taxes 659 15,570 (525) 1,551 Unamortized Investment Tax Credits - 918 - - Pension Obligation - - 858 - Non-Pension Postret. Benefits Oblig. - - 592 - Other - - 180 - --------- -------- ------ ------- Total Def. Cred. and Other Liab. 659 16,488 1,105 1,551 --------- -------- ------ ------- Total $ 97,279 $113,505$3,197 $101,608 ========= ======== ====== ========
PECO Energy Company and Subsidiary Companies Consolidating Balance Sheet December 31, 1997 (Thousands of Dollars) Exhibit A 18 of 28
PECO Energy Eastern Energy Capital Penna. Adwin Capital Limited Develop. Realty Corp. Partner. Company Company -------- ------- -------- -------- Capitalization and Liabilities Capitalization Common Shareholders' Equity Common Stock $ - $ - $ 1 $ 1 Other Paid-In Capital 53,014 21,656 54,015 43,814 Retained Earnings - (10,794) (22,190) (18,399) ------- -------- ------ ------ 53,014 10,862 31,826 25,416 Preferred and Preference Stock Without Mandatory Redemption - - - - With Mandatory Redemption - - - - Minority Interest in Preferred Securities of Subsidiaries - 352,085 - - Long-Term Debt - - 3,600 - Advance from Subsidiary Companies - - - - ------- -------- ------ ------ Total Capitalization 53,014 362,947 35,426 25,416 ------- -------- ------ ------ Current Liabilities Notes Payable, Bank - - - - Long-Term Debt Due Within One Year - - - - Cap. Lease Oblig. Due Within One Year - - - - Accounts Payable (16) - 22 179 Taxes Accrued 351 - 1 907 Deferred Income Taxes - - - - Interest Accrued - - - - Dividend Payable - - - - Other - - 161 391 -------- ------- -------- ------- Total Current Liabilities 335 - 184 1,477 -------- ------- -------- ------ Deferred Credits and Other Liabilities Capital Lease Obligations - - - - Deferred Income Taxes - - - 157 Unamortized Investment Tax Credits - - - - Pension Obligation - - - - Non-Pens.Postretirement Benef. Oblig. - - - - Other - - - - -------- ------- -------- ------ Total Defer. Cred. and Other Liab. - - - 157 -------- ------- -------- ------ Total $ 53,349 $362,947 $35,610 $27,050 ========= ======== ======== =======
PECO Energy Company and Subsidiary Companies Consolidating Balance Sheet December 31, 1997 (Thousands of Dollars) Exhibit A 19 of 28
Energy Performance Horizon Services Energy Incorporated Exelon Company ------------ --------- ----------- Capitalization and Liabilities Capitalization Common Shareholders' Equity Common Stock $ 1 $ - $ 100 Other Paid-In Capital 14,710 11,361 9,900 Retained Earnings (7,167) (6,103) (11,123) ------------ ------------- --------- 7,544 5,258 (1,123) Preferred and Preference Stock Without Mandatory Redemption - - - With Mandatory Redemption - - - Minority Interest in Preferred Securities of Subsidiaries - - - Long-Term Debt 2,879 - - Advance from Subsidiary Companies - - - ------------ ------------- --------- Total Capitalization 10,423 5,258 (1,123) ------------ ------------- --------- Current Liabilities Notes Payable, Bank 3,760 - - Long-Term Debt Due Within One Year 961 - - Capital Lease Oblig. Due Within One Year 3,065 - - Accounts Payable - 1,498 19,942 Taxes Accrued - 13 (5,677) Deferred Income Taxes - - 45 Interest Accrued - - - Dividend Payable - - - Other - - - ------------ ------------- ---------- Total Current Liabilities 7,786 1,511 14,310 ------------ ------------- ---------- Deferred Credits and Other Liabilities Capital Lease Obligations - - - Deferred Income Taxes 1,369 22 - Unamortized Investment Tax Credits - - - Pension Obligation - - - Non-Pension Postretirement Benefits Oblig. - - - Other 98 109 - ------------ ------------- ---------- Total Def. Credits and Other Liab. 1,467 131 - ------------ ------------- ---------- Total $ 19,676 $ 6,900 $ 13,187 ============ ============= ==========
PECO Energy Company and Subsidiary Companies Consolidating Balance Sheet December 31, 1997 (Thousands of Dollars) Exhibit A 20 of 28
(Sub of PECO) Adwin Energy Equipment Trading Company Company ------------ ------------- Capitalization and Liabilities Capitalization Common Shareholders' Equity Common Stock $ 1 $ - Other Paid-In Capital 18,231 430 Retained Earnings (3,524) (138) ------------ ------------- 14,708 292 Preferred and Preference Stock Without Mandatory Redemption - - With Mandatory Redemption - - Minority Interest in Preferred Securities of Subsidiaries - - Long-Term Debt - - Advance from Subsidiary Companies - - ------------ ------------- Total Capitalization 14,708 292 ------------ ------------- Current Liabilities Notes Payable, Bank - - Long-Term Debt Due Within One Year - - Capital Lease Obligations Due Within One Year - - Accounts Payable 222 - Taxes Accrued - (74) Deferred Income Taxes - - Interest Accrued - Dividend Payable - - Other - - ------------ ------------- Total Current Liabilities 222 (74) ------------ ------------- Deferred Credits and Other Liabilities Capital Lease Obligations - - Deferred Income Taxes 21 - Unamortized Investment Tax Credits - - Pension Obligation - - Non-Pension Postretirement Benefits Obligation - - Other 60 - ------------ ------------- Total Deferred Credits and Other Liabilities 81 - ------------ ------------- Total $ 15,011 $ 218 ============ =============
Exhibit A 21 of 28 PECO Energy Company and Subsidiary Companies Consolidating Statement of Income Eliminations Twelve Months Ended December 31, 1997 (Thousands of Dollars)
Elimination No. 1 Debit Credit - ----------------- ---------- ---------- Operating Revenue $ 43,837 Operating Expense $ 43,837 For eliminating intercompany transactions with respect to sales of energy and rentals, as follows: Operating Operating Revenue Expenses ---------- ---------- Susquehanna Power Company $ 17,217 Rental of generating and transmission facilities to Susquehanna Electric Company $ 17,217 Susquehanna Electric Company 25,815 Sales of electric energy to PECO Energy Company 25,815 PECO Energy Power Company 805 Rental of transmission facilities to PECO Energy Company 805 ---------- ---------- $ 43,837 $ 43,837 ========== ==========
Exhibit A 22 of 28 PECO Energy Company and Subsidiary Companies Consolidating Statement of Income Eliminations Twelve Months Ended December 31, 1997 (Thousands of Dollars)
Elimination No. 2 Debit Credit - ----------------- ------------ ------------ Other, Net $ 10,382 Interest Charges $ 34,040 Equity in Earnings of Subsidiary Companie (23,658)
For eliminating intercompany items in connection with interest on notes and subsidiary earnings as follows: Equity in Earnings of Other Interest Subsidiary Income Charges Companies ------- --------- ------------ PECO Energy Company $ 4 $ - $ - Interest from Susq. Elec. Co. 4 - PECO Energy Capital Corporation 4,149 - - Interest from PECO Energy Capital Limited Partnership - 66 - Interest from PECO Energy Company - 4,083 - PECO Energy Capital Limited Partnership 29,887 - - Interest from PECO Energy Company - 29,887 - PECO Energy Company (21,702) - - Equity in Earnings of Subsidiary Companies PECO Energy Power Company - - 969 Susquehanna Electric Company - - (470) PECO Energy Wireless - - (6,514) PECO Energy Capital Corporatio - - 2,539 Eastern Pennsylvania Development Co. - - (2,507) Eastern Pennsylvania Exploration Co. - - (8) Horizon Energy Company - - (10,875) Exelon - - (4,698) Energy Trading Company - - (138) PECO Energy Capital Corporation (236) - - Equity in Earnings of Subsidiary Co. PECO Energy Capital Ltd. Partnership - - (236) PECO Energy Power Company 786 - - Equity in Earnings of Subsidiary Company Susquehanna Power Company - - 786 Eastern Pennsylvania Development Co. (2,506) - - Equity in Earnings of Subsidiary Companies Adwin Realty Company - - (3,503) Adwin Equipment Company - - 2,333 Energy Performance Services Inc. - - (1,336) ---------- ---------- ---------- $ 10,382 $ 34,040 $ (23,658) ========== ========== ============
Exhibit A 23 of 28 PECO Energy Company and Subsidiary Companies Note to Financial Statements December 31, 1997 (Thousands of Dollars)
1. Utility Plant in the balance sheet consists of the following: Company Consolidated ------------- ------------- Plant at Original Cost Electric - Transmission & Distribution $3,476,369 $3,617,666 Electric - Generation 1,434,895 1,434,895 Gas 1,071,819 1,071,819 Common, Used in All Services 302,672 331,926 ------------ ------------- $6,285,655 $6,456,306 ------------ -------------
Exhibit A 24 of 28 PECO Energy Company and Subsidiary Companies Schedule of Capital Stock December 31, 1997
Number of Shares Amount ------------------------- ----------- Authorized Outstanding (In Thousands) ----------- ----------- -------------- PECO Energy Company Preferred Stock - No Par Cumulative (Note) $7.48 Series 500,000 500,000 $ 50,000 $6.12 Series 927,000 927,000 92,700 $4.68 Series 150,000 150,000 15,000 $4.40 Series 274,720 274,720 27,472 $4.30 Series 150,000 150,000 15,000 $3.80 Series 300,000 300,000 30,000 Unclassified 12,698,280 - - ---------- ----------- ----------- Total Preferred Stock 15,000,000 2,301,720 230,172 ---------- ----------- ----------- Common Stock - No Par 500,000,000 222,546,562 3,517,731 ----------- ----------- ----------- Total Capital Stock $ 3,747,903 =========== Note: Redeemable, at the option of the Company, at the following dollar amounts per share, plus accrued dividends: $4.68 Series - $104.00 $4.30 Series - $102.00 $4.40 Series - $112.50 $3.80 Series - $106.00 $7.48 Series - $103.74 beginning April 1, 2003
Exhibit A 25 of 28 PECO Energy Company and Subsidiary Companies Schedule of Long-Term Debt December 31, 1997 (Thousands of Dollars)
Due Within One Year Long-Term (Included in Debt Long-Term Debt) ------------ --------------- PECO Energy Company First and Refunding Mortgage Bonds 5-3/8% Series due 1998 $ 225,000 $ 225,000 7-1/2% Series due 1999 250,000 - 9-1/4% Series due 1999 75,000 - 5-5/8% Series due 2001 250,000 - 7-3/8% Series due 2001 80,000 - 8% Series due 2002 200,000 - 7-1/2% Series due 2002 100,000 - 7-1/8% Series due 2002 200,000 - 6-1/2% Series due 2003 200,000 - 6-5/8% Series due 2003 250,000 - 6-3/8% Series due 2005 75,000 - 10-1/4% Series due 2007 40,625 4,063 7-3/8% Series due 2021 90,000 - 7.60% Series due 2021 27,030 - 6.70% Series due 2021 160,560 - 6-5/8% Series due 2022 29,540 - 8-1/4% Series due 2022 250,000 - 8-5/8% Series due 2022 125,000 - 8-3/4% Series due 2022 150,000 - 7-1/8% Series due 2023 200,000 - 7-3/4% Series due 2023 100,000 - 7-3/4% Series due 2023 250,000 - 7-1/4% Series due 2024 225,000 - Floating Rate Delaware County 50,000 - Floating Rate Delaware County 50,000 - Floating Rate Delaware County 50,000 - Floating Rate Salem County 4,200 - ------------ ------------ 3,706,955 229,063 Medium-Term Notes 62,400 12,400 Notes Payable-Accts Rcvbl Agree 128,999 - Notes Payable-Banks 15,574 5,624 Pollution Control Notes 212,705 - Unamortized Premium on L-T Debt 6 - Unamortized Discount on L-T Debt (26,411) - ------------ ------------ Total PECO Energy Company $ 4,100,228 $ 247,087 ============ ============
Exhibit A 26 of 28 PECO Energy Company and Subsidiary Companies Consolidating Balance Sheet Eliminations December 31, 1997 (Thousands of Dollars)
Elimination 1 Debit Credit - ------------- -------- ------- Capital Stock - Sub. Cos., Consol. $182,790 Investments in Capital Stock of Subsidiary Companies, Consolidated $182,790 For eliminating investments of PECO Energy Company and Subsidiary Companies, consolidated, in Capital Stock of Subsidiary Companies as follows: Stated Value of Capital Stock Investment of -------------- Owning Company -------------- Susquehanna Power Company $ 47,047 $ - PECO Energy Power Company 24,600 47,047 Susquehanna Electric Company 10 - PECO Energy Capital Limited Partnership - - PECO Energy Capital Corporation - - Adwin Realty Company 1 - Energy Performance Services Incorporated 1 - Eastern Pennsylvania Development Company 1 - Adwin Equipment Company 1 - Horizon Energy Company 100 - PECO Energy Wireless 111,029 - PECO Energy Company - 135,743 -------- -------- $182,790 $182,790 ======== ========
Elimination No. 2 Debit Credit - ----------------- -------- -------- Paid-In Capital - Subsid. Cos., Consol. $348,636 Investments in Paid-In Capital of Sub. $348,636 Companies, Consolidated For eliminating investments of PECO Energy Company and Subsidiary Companies, consolidated, in Paid-In Capital of Subsidiary Companies as follows: Paid-In Investment of Capital Owning Company ---------- -------------- Susquehanna Power Company $ 46,715 $ - PECO Energy Power Company 73,740 46,715 Susquehanna Electric Company 1,050 - PECO Energy Capital Limited Partnership 21,656 - PECO Energy Capital Corporation 53,014 21,656 Adwin Realty Company 43,814 - Energy Performance Services Incorporated 14,710 - Eastern Pennsylvania Development Company 54,015 58,524 Adwin Equipment Company 18,231 - PECO Energy Wireless - - Horizon Energy Company 9,900 - Exelon 11,361 - Energy Trading Company 430 - PECO Energy Company - 221,741 ---------- ---------- $348,636 $348,636 ========== ==========
Exhibit A 27 of 28 PECO Energy Company and Subsidiary Companies Consolidating Balance Sheet Eliminations December 31, 1997 (Thousands of Dollars)
Elimination 3 Debit Credit - ------------- --------- --------- Invest.in Ret. Earn. of Sub. Cos., Consol. $(79,329) Retained Earnings - Subsidiary Companies, Consolidated $ (79,329) For eliminating investments of PECO Energy Company and Subsidiary Companies, consolidated, in Retained Earnings of Subsidiary Companies as follows: Retained Investment of Earnings Owning Company ------------- -------------- Susquehanna Power Company $ (1,934) $ - PECO Energy Power Company (1,332) (1,934) Susquehanna Electric Company (463) - PECO Energy Capital Limited Partnership (519) - PECO Energy Capital Corporation - (519) Energy Trading Company (138) - Adwin Realty Company (18,399) - Energy Performance Services Incorporated (7,167) - Eastern Pennsylvania Development Company (22,190) (25,566) Adwin Equipment Company (3,524) - PECO Energy Wireless (6,437) - Horizon Energy Company (11,123) - Exelon (6,103) - PECO Energy Company - (51,310) ------------- ------------- $ (79,329) $ (79,329) ============= =============
Elimination No. 4 Debit Credit - ----------------- --------- --------- L-T Debt - Advances from Sub. Cos., Consol. $ 31,442 L-T Debt - Debentures from Sub. Coms., Consol. 360,175 Accounts Receivable - Associated Companies, Consolidated $391,557 Investments in Indebtedness of Subsidiary Companies, Consolidated 60 For eliminating investments of PECO Energy Company and Subsidiary Companies, consolidated, in indebtedness of Subsidiary Companies as follows: Other Accounts Receivable Investment of Advances Debentures ------------ Owning Company -------- ---------- -------------- Susq Elec Co $ 60 $ - $ - $ - PECO Eng. Cap. Ltd. Part. - - 360,175 - PECO Eng. Cap. Corp. - - 31,382 - PECO Energy Company 31,382 360,175 - 60 ------- ---------- ---------- ------------- $ 31,442 $ 360,175 $391,557 $ 60 ======== ========== ========== =============
Exhibit A 28 of 28 PECO Energy Company and Subsidiary Companies Consolidating Balance Sheet Eliminations December 31, 1997 (Thousands of Dollars)
Elimination No. 5 Debit Credit - ----------------- -------- -------- Accounts Payable - Associated Companies, Consolidated $ 3,509 Accounts Receivable - Assoc. Cos., Consolidated $ 3,509 For adjusting and eliminating intercompany Accounts Receivables and Payables, as follows: Accounts Accounts Payable Receivable --------- ---------- Susquehanna Power Company $ (254) $ 1,248 PECO Energy Power Company (832) (749) Susquehanna Electric Company 1,647 2,787 PECO Energy Capital Corporation (14) - PECO Energy Capital Limited Partnership - - PECO Energy Company 2,962 (258) PECO Energy Wireless - 481 --------- ---------- $ 3,509 $ 3,509 ========= ==========
EX-27 3 FINANCIAL DATA SCHEDULE
OPUR3 12-MOS DEC-31-1997 DEC-31-1997 PER-BOOK 15285102000 4308774000 517205000
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