0001193125-12-014027.txt : 20120117 0001193125-12-014027.hdr.sgml : 20120116 20120117172353 ACCESSION NUMBER: 0001193125-12-014027 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20120113 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120117 DATE AS OF CHANGE: 20120117 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-16844 FILM NUMBER: 12530343 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EXELON CORP CENTRAL INDEX KEY: 0001109357 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 232990190 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16169 FILM NUMBER: 12530342 BUSINESS ADDRESS: STREET 1: PO BOX 805398 CITY: CHICAGO STATE: IL ZIP: 60680-5398 BUSINESS PHONE: 3123947399 MAIL ADDRESS: STREET 1: PO BOX 805398 CITY: CHICAGO STATE: IL ZIP: 60680-5398 8-K 1 d283970d8k.htm FORM 8-K Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

January 13, 2012

Date of Report (Date of earliest event reported)

 

Commission File

Number

  

Exact Name of Registrant as Specified in Its Charter;

State of Incorporation; Address of Principal Executive

Offices; and Telephone Number

   IRS Employer
Identification Number
1-16169   

EXELON CORPORATION

(a Pennsylvania corporation)

10 South Dearborn Street

P.O. Box 805379

Chicago, Illinois 60680-5379

(312) 394-7398

   23-2990190
000-16844   

PECO ENERGY COMPANY

(a Pennsylvania corporation)

P.O. Box 8699

2301 Market Street

Philadelphia, Pennsylvania 19101-8699

(215) 841-4000

   23-0970240

 

 

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

 

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

 

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

 

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

 

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

 

 

 


Section 8 – Other Events

Item 8.01. Other Events.

On January 17, 2012, PECO, a subsidiary of Exelon Corporation (Exelon), announced via press release that it has filed with the Pennsylvania Public Utility Commission its plan to purchase electricity for customers not purchasing their electricity from a competitive electric generation supplier for the period of June 1, 2013 through May 31, 2015. The news release is attached to this Current Report on Form 8-K as Exhibit 99.1.

Section 9 – Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.

  

Description

99.1    Press release

* * * * *

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

This Current Report includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties. The factors that could cause actual results to differ materially from these forward-looking statements include those discussed herein as well as those discussed in (1) Exelon’s 2010 Annual Report on Form 10-K in (a) ITEM 1A. Risk Factors, (b) ITEM 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations and (c) ITEM 8. Financial Statements and Supplementary Data: Note 18; (2) Exelon’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2011 in (a) Part II, Other Information, ITEM 1A. Risk Factors, (b) Part 1, Financial Information, ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations and (c) Part I, Financial Information, ITEM 1. Financial Statements: Note 13; and (3) other factors discussed in filings with the Securities and Exchange Commission by the Registrants. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this Current Report. None of the Registrants undertakes any obligation to publicly release any revision to its forward-looking statements to reflect events or circumstances after the date of this Current Report.


SIGNATURES

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

 

EXELON CORPORATION

/s/ Matthew F. Hilzinger

Matthew F. Hilzinger
Senior Vice President, Chief Financial Officer and Treasurer
Exelon Corporation
PECO ENERGY COMPANY

/s/ Phillip S. Barnett

Phillip S. Barnett
Senior Vice President and Chief Financial Officer
PECO Energy Company

January 17, 2012


EXHIBIT INDEX

 

Exhibit No.

  

Description

99.1    Press release
EX-99.1 2 d283970dex991.htm PRESS RELEASE Press Release

Exhibit 99.1

LOGO

 

LOGO    LOGO

 

Contact:            Cathy Engel Menendez    FOR IMMEDIATE RELEASE
   PECO   
   2301 Market Street, S14-1   
   Philadelphia, PA 19103   
   215-841-4492 or 215-841-5555   
   catherine.engel@peco-energy.com   

PECO Files Default Service Plan with PA PUC

Filing outlines how PECO will purchase electricity for non-shopping customers

and continues to promote Electric Choice in PA

PHILADELPHIA (January 17, 2012) – On Jan. 13, 2012 PECO filed its Default Service Plan for approval with the Pennsylvania Public Utility Commission (PUC). The plan outlines how PECO will purchase electricity for customers not purchasing the electricity they use from a competitive electric generation supplier from June 1, 2013 through May 31, 2015. The plan also includes additional robust programs to continue to support and advance the competitive energy market in Pennsylvania.

“Currently more than 400,000 PECO customers are purchasing the electricity they use from a competitive supplier,” said Denis O’Brien, president and CEO of PECO. “This represents about 56 percent of the electricity we deliver. Electric Choice has been a success in our area, and our customers are saving money. And with this plan, we will do even more to help more customers benefit from a competitive electric market.”

As a Default Service Provider, PECO purchases electricity for non-shopping customers and passes those costs along to customers with no markup. To continue to ensure competitive purchases and reasonable prices for residential customers the company proposes to:

 

   

Purchase a combination of one-year and two-year supply contracts

 

   

Reduce the amount of time between when the energy is purchased and when it is provided to customers

 

   

Complete an annual, rather than quarterly, reconciliation of costs and billing for actual versus forecasted energy use

The company also proposes several new programs to continue its support of retail competition. Specifically, PECO will:

 

   

Work with competitive suppliers to offer customers the choice of a one-year price option that is at least 5 percent less than PECO’s projected Price to Compare

 

   

Establish a referral program to promote the lowest one-year, fixed-price available each month from a competitive supplier

 

   

Provide additional information on competitive suppliers to new and PECO Wind customers.

Public hearings are scheduled in spring of 2012 with PUC ruling expected in mid-October 2012. To view the filing or for more information, visit www.peco.com/KNOW and click on Rate Information.

###

Based in Philadelphia, PECO is an electric and natural gas utility subsidiary of Exelon Corporation (NYSE: EXC). PECO serves 1.6 million electric and 490,000 natural gas customers in southeastern Pennsylvania and employs about 2,400 people in the region. PECO delivered 87.9 billion cubic feet of natural gas and 39.5 billion kilowatt-hours-hours of electricity in 2010. Founded in 1881, PECO is one of the Greater Philadelphia Region’s most active corporate citizens, providing leadership, volunteer and financial support to numerous arts and culture, education, environmental, economic development and community programs and organizations.

If you are a member of the media and would like to receive PECO news releases via e-mail please send your e-mail address to PECO.Communication@exeloncorp.com

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