Preferred Securities (Exelon, ComEd and PECO)

12 Months Ended

Dec. 31, 2012

Preferred Securities [Line Items]

Preferred Securities (Exelon, ComEd and PECO)

16. Preferred and Preference Securities (Exelon, ComEd, PECO and BGE)

At December 31, 2012 and 2011, Exelon was authorized to issue up to 100,000,000 shares of preferred securities, none of which were outstanding.

Preferred and Preference Securities of Subsidiaries

At December 31, 2012 and 2011, ComEd prior preferred securities and ComEd cumulative preference securitiesconsisted of 850,000 shares and 6,810,451 shares authorized, respectively, none of which were outstanding.

At December 31, 2012 and 2011, PECO cumulative preferred securities, no par value, consisted of 15,000,000 shares authorized and the outstanding amounts set forth below. Shares of preferred securities have full voting rights, including the right to cumulate votes in the election of directors.

			December 31,
	Redemption Price (a)		2012		2011	2012		2011
				Shares Outstanding			Dollar Amount
Series (without mandatory redemption)
$4.68 (Series D)	$	104.00	150,000		150,000	$	15	$	15
$4.40 (Series C)		112.50	274,720		274,720		27		27
$4.30 (Series B)		102.00	150,000		150,000		15		15
$3.80 (Series A)		106.00	300,000		300,000		30		30
Total preferred securities			874,720		874,720	$	87	$	87

(a)       Redeemable, at the option of PECO, at the indicated dollar amounts per share, plus accrued dividends.

At December 31, 2012 and 2011, BGEcumulative preferencestock, $100 par value, consisted of 6,500,000 shares authorized and the outstanding amounts set forth below. Shares of BGE preference stockhave no voting power except for the following:

• The preference stock has one vote per share on any charter amendment which would create or authorize any shares of stock ranking prior to or on a parity with the preference stock as to either dividends or distribution of assets, or which would substantially adversely affect the contract rights, as expressly set forth in BGE's charter, of the preference stock, each of which requires the affirmative vote of two-thirds of all the shares of preference stock outstanding; and
• Whenever BGE fails to pay full dividends on the preference stock and such failure continues for one year, the preference stock shall have one vote per share on all matters, until and unless such dividends shall have been paid in full. Upon liquidation, the holders of the preference stock of each series outstanding are entitled to receive the par amount of their shares and an amount equal to the unpaid accrued dividends.

			December 31,
	Redemption Price (a)		2012		2011	2012		2011
				Shares Outstanding			Dollar Amount
Series (without mandatory redemption)
7.125%, 1993 Series	$	100.36	400,000		400,000	$	40	$	40
6.97%, 1993 Series		100.35	500,000		500,000		50		50
6.70%, 1993 Series		100.67	400,000		400,000		40		40
6.99%, 1995 Series		101.05	600,000		600,000		60		60
Total preference stock			1,900,000		1,900,000	$	190	$	190