
	At December 31,
Interest Rate	Maturity	2011		2010
		*(millions of dollars)*
First Mortgage Bonds
Pepco:
4.95% (a)(b)	2013	$	200	$	200
4.65% (a)(b)	2014		175		175
6.20% (a)(b)(c)	2022		110		110
5.375% (a)	2024		38		38
5.75% (a)(b)	2034		100		100
5.40% (a)(b)	2035		175		175
6.50% (a)(b)(c)	2037		500		500
7.90%	2038		250		250
ACE:
7.63%	2014		7		7
6.63%	2013		69		69
7.68%	2015 -2016		17		17
7.75%	2018		250		250
6.80% (a)	2021		39		39
4.35%	2021		200		—
5.60% (a)	2025		4		4
4.875% (a)(b)(c)	2029		23		23
5.80% (a)(b)	2034		120		120
5.80% (a)(b)	2036		105		105
DPL:
6.40%	2013		250		250
5.22% (a)	2016		100		100
5.20% (a)	2019		31		31
0.75%-4.90% (a)(e)	2026		35		35

Total First Mortgage Bonds			2,798		2,598

Unsecured Tax-Exempt Bonds
DPL:
1.80% (d)	2025		15		15
2.30% (f)	2028		16		16
5.40%	2031		78		78

Total Unsecured Tax-Exempt Bonds		$	109	$	109

(a)

Represents a series of first mortgage bonds issued by the indicated company (Collateral First Mortgage Bonds) as collateral for an outstanding series of senior notes issued by the company or tax-exempt bonds issued for the benefit of the company. The maturity date, optional and mandatory prepayment provisions, if any, interest rate, and interest payment dates on each series of senior notes or the company's obligations in respect of the tax-exempt bonds are identical to the terms of the corresponding series of Collateral First Mortgage Bonds. Payments of principal and interest on a series of senior notes or the company's obligations in respect of the tax-exempt bonds satisfy the corresponding payment obligations on the related series of Collateral First Mortgage Bonds. Because each series of senior notes or the company's obligations in respect of the tax-exempt bonds and the corresponding series of Collateral First Mortgage Bonds securing that series of senior notes or tax-exempt bonds obligations effectively represents a single financial obligation, the senior notes and the tax-exempt bonds are not separately shown on the table.

(b)

Represents a series of Collateral First Mortgage Bonds issued by the indicated company that in accordance with its terms will, at such time as there are no first mortgage bonds of the issuing company outstanding (other than Collateral First Mortgage Bonds securing payment of senior notes), cease to secure the corresponding series of senior notes and will be cancelled.

(c)

Represents a series of Collateral First Mortgage Bonds as to which the indicated company has agreed in connection with the issuance of the corresponding series of senior notes that, notwithstanding the terms of the Collateral First Mortgage Bonds described in footnote (b) above, it will not permit the release of the Collateral First Mortgage Bonds as security for the series of senior notes for so long as the senior notes remain outstanding, unless the company delivers to the senior note trustee comparable secured obligations to secure the senior notes.

(d)

On July 1, 2010, DPL purchased this series of tax-exempt bonds issued for the benefit of DPL by the Delaware Economic Development Authority (DEDA) pursuant to a mandatory repurchase provision in the indenture for the bonds that was triggered by the expiration of the original interest period for the bonds. While DPL held the bonds, they remained outstanding as a contractual matter, but were considered extinguished for accounting purposes. On December 1, 2010, DPL resold the bonds to the public, at which time the interest rate on the bonds was changed from 5.50% to a fixed rate of 1.80%. The bonds are subject to mandatory purchase by DPL on June 1, 2012.

(e)	These bonds bearing an interest rate of 4.90% were repurchased. On June 1, 2011, DPL resold these bonds that were subject to mandatory repurchase on May 1, 2011 at an interest rate of 0.75%. The bonds are currently subject to mandatory tender on June 1, 2012.

(f)

On July 1, 2010, DPL purchased this series of tax-exempt bonds issued for the benefit of DPL by DEDA pursuant to a mandatory repurchase provision in the indenture for the bonds that was triggered by the expiration of the original interest period for the bonds. While DPL held the bonds, they remained outstanding as a contractual matter, but were considered extinguished for accounting purposes. On December 1, 2010, DPL resold the bonds to the public, at which time the interest rate on the bonds was changed from 5.65% to a fixed rate of 2.30%. The bonds are subject to mandatory purchase by DPL on June 1, 2012.

NOTE: Schedule is continued on next page.


			At December 31,
Interest Rate	Maturity		2011			2010
			(millions of dollars)
Medium-Term Notes (unsecured)

DPL:
7.56% - 7.58%		2017	$	14		$	14
6.81%		2018		4			4
7.61%		2019		12			12
7.72%		2027		10			10

Total Medium-Term Notes (unsecured)				40			40

Recourse Debt
PCI:
6.59% - 6.69%		2014		11			11

Notes (secured)
Pepco Energy Services:
7.35% - 7.47%		2017		15			11

Notes (unsecured)
PHI:
2.70%		2015		250			250
5.90%		2016		190			190
6.125%		2017		81			81
7.45%		2032		185			185

DPL:
5.00%		2014		100			100
5.00%		2015		100			100

Total Notes (unsecured)				906			906

Total Long-Term Debt				3,879			3,675
Other long-term debt				—			2
Net unamortized discount				(12	)		(12	)
Current portion of long-term debt				(73	)		(36	)

Total Net Long-Term Debt			$	3,794		$	3,629

Transition Bonds Issued by ACE Funding
4.21%		2013	$	—		$	9
4.46%		2016		29			39
4.91%		2017		102			118
5.05%		2020		54			54
5.55%		2023		147			147

Total				332			367
Net unamortized discount				—			—
Current portion of long-term debt				(37	)		(35	)

Total Net Long-Term Transition Bonds issued by ACE Funding			$	295		$	332