ComEd 2006 Annual Report Download - page 250

Exelon Corporation and Subsidiary Companies
Exelon Generation Company, LLC and Subsidiary Companies
Commonwealth Edison Company and Subsidiary Companies
PECO Energy Company and Subsidiary Companies
Combined Notes to Consolidated Financial Statements—(Continued)
(Dollars in millions, except per share data unless otherwise noted)
PECO
Rates
Maturity
Date
December 31,
2006 2005
Long-term debt
First Mortgage Bonds (a) (b):
Fixed rates ............................. 3.50%-5.95% 2008-2036 $1,300 $1,000
Floating rates ........................... 3.50%-3.70% 2012 154 154
Notes payable—accounts receivable agreement . . 5.28% 2010 17 30
Total long-term debt ............................ 1,471 1,184
Unamortized debt discount and premium, net ..... (2) (1)
Long-term debt ................................ $1,469 $1,183
Long-term debt to financing trusts (c)
PETT Series 1999-A ......................... 6.13% 2007-2008 $ 848 $1,419
PETT Series 2000-A ......................... 7.63%-7.65% 2008-2009 750 750
PETT Series 2001 ........................... 6.52% 2010 806 806
Subordinated debentures to PECO Trust III ...... 7.38% 2028 81 81
Subordinated debentures to PECO Trust IV ...... 5.75% 2033 103 103
Total long-term debt to financing trusts ........... 2,588 3,159
Long-term debt to financing trusts due within one
year ..................................... (273) (199)
Long-term debt to financing trusts ............... $2,315 $2,960
(a) Substantially all of PECO’s assets are subject to the lien of its mortgage indenture.
(b) Includes first mortgage bonds issued under the PECO mortgage indenture securing pollution control bonds and notes.
(c) Effective July 1, 2003, PECO Trust IV, a financing subsidiary created in May 2003, was deconsolidated from the financial
statements in conjunction with the adoption of FIN 46. Effective December 31, 2003, PECO Trust III and PETT were
deconsolidated from the financial statements in conjunction with the adoption of FIN 46-R. Amounts owed to these financing
trusts are recorded as debt to financing trusts within the Consolidated Balance Sheets.
Long-term debt maturities at Exelon, Generation, ComEd and PECO in the periods 2007 through
2011 and thereafter are as follows:
Year Exelon Generation ComEd PECO
2007 ................................................. $ 248 $ 12 $ 147 $ —
2008 ................................................. 898 12 417 450
2009 ................................................. 28 11 17 —
2010 ................................................. 632 2 213 17
2011 ................................................. 1,799 702 347 250
Thereafter ............................................ 5,565 1,054 2,456 754
Total ................................................. $9,170 $1,793 $3,597 $1,471
245