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Exhibit I-2
List and Description of Subsidiaries and Investments
Of PECO Energy Company
(Other than "Public-Utility" Companies)
As of June, 2000
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Name Jurisdiction Description Authority
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Subsidiaries of PECO
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PECO Energy Capital Corp. Delaware financing vehicle for issuance of New Century Energies, HCAR
(PECC), wholly owned by PECO cumulative income preferred securities No. 26748; New Century
Energies, HCAR 26750;
Conectiv, HCAR 26833; Cinergy
Corp., HCAR 26984; Dominion
Resources, HCAR 27112
and SCANA Corporation,
HCAR 27135
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PECO Energy Capital, L.P. Delaware issue cumulative income preferred New Century Energies, HCAR
securities and lend the proceeds thereof to No. 26748; New Century
PECO Energies, HCAR 26750;
Conectiv, HCAR 26833; Cinergy
Corp., HCAR 26984; Dominion
Resources, HCAR 27112 and
SCANA Corporation, HCAR 27135
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PECC Trust 2 trust created for the issuance of a New Century Energies, HCAR
specific series of cumulative preferred No. 26748; New Century
securities Energies, HCAR 26750;
Conectiv, HCAR 26833; Cinergy
Corp., HCAR 26984; Dominion
Resources, HCAR 27112 and
SCANA Corporation, HCAR 27135
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Name Jurisdiction Description Authority
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<S> <C> <C> <C>
PECC Trust 3 trust created for the issuance of a New Century Energies, HCAR
specific series of cumulative preferred No. 26748; New Century
securities Energies, HCAR 26750;
Conectiv, HCAR 26833; Cinergy
Corp., HCAR 26984; Dominion
Resources, HCAR 27112 and
SCANA Corporation, HCAR 27135
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PECO Energy Transition Trust Delaware securitization of stranded costs; in March New Century Energies, HCAR
(PETT) 1999 PECO Energy issued $4 billion of No. 26748; New Century
transition bonds through PETT Energies, HCAR 26750;
Conectiv, HCAR 26833; Cinergy
Corp., HCAR 26984; Dominion
Resources, HCAR 27112 and
SCANA Corporation, HCAR 27135
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ATNP Finance Company, Delaware wholly owned by PEWI, was formed to manage New Century Energies, HCAR
wholly owned by PEWI the net securitization proceeds to maximize No. 26748; New Century
the return thereon Energies, HCAR 26750;
Conectiv, HCAR 26833; Cinergy
Corp., HCAR 26984; Dominion
Resources, HCAR 27112 and
SCANA Corporation, HCAR 27135
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PEC Financial Services, LLC Pennsylvania manages the net securitization proceeds to New Century Energies, HCAR
(PEC), wholly owned by PEWI maximize the return thereon No. 26748; New Century
Energies, HCAR 26750;
Conectiv, HCAR 26833;
Cinergy Corp., HCAR
26984; Dominion Resources,
HCAR 27112 and SCANA
Corporation, HCAR 27135
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Name Jurisdiction Description Authority
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Eastern Pennsylvania Pennsylvania hold interests in subsidiaries conducting PECO is in the process of
Development Company (EPDC), unregulated real estate and complementary winding-up or selling-off
wholly owned by PECO operations each of its non-utility real
estate businesses. Exelon
requests that the Commission
reserve jurisdiction for
three years subsequent to the
date of any order in this
matter. See Cinergy Corp.,
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Holding Co. Act Release No.
26146 (October 21, 1994).
Exelon will make a filing
with the Commission as soon
as it has dissolved or sold
off the last of the
identified entities.
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Adwin Realty Company (ARCO), Pennsylvania real estate development and management See discussion under EDPC
wholly owned by EPDC company
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Energy Assets f/k/a Pennsylvania specializes in the development, financing, Rule 58(b)(1)(i),(vii)
Energy Performance Services, Inc., implementation and construction of energy
10% interest held by EPDC efficiency projects for large industrial,
institutional, commercial and governmental
facilities
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Adwin Equipment Company, Pennsylvania leases equipment for co-generation and Rule 58(b)(1)(vi), (viii)
wholly owned by PECO related activities
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PECO Wireless, LLC (PEWI), Delaware serves as a holding company for New Century Energies, Holding
wholly owned by PECO financing subs for securitization Co Act Release No. 26748;
transactions and some telecommunications supports utility operations
investments
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AT&T Wireless PCS of joint venture with AT&T Wireless Services Section 34 of the Act
Philadelphia, LLC, 49% LLC formed to offer personal communications
membership interest held by services in the Philadelphia Major Trading
PEWI Area (MTA); an FCC license holder
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Name Jurisdiction Description Authority
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<S> <C> <C> <C>
PECO Hyperion Pennsylvania competitive local exchange carrier that Section 34 of the Act
Telecommunications (PHT), provides services such as local dial tone,
PECO is a 50% partner long distance, Internet service and
point-to-point (voice and data)
communications
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AmerGen Energy Company, Delaware joint venture with British Energy to EWG
L.L.C., PECO is a 50% owner acquire nuclear and complementary electric
generating assets
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AmerGen Vermont, LLC (AVT) Vermont Formed to own and operate nuclear EWG
generating facility in Vermont
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Adwin (Schuykill) Pennsylvania inactive
Cogeneration, Inc.
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Exelon Infrastructure Delaware holding company for infrastructure services Rule 58(b)(1)(vii), (ix)
Services, Inc. (EIS), PECO unit specializing in the design,
owns approximately 95% construction, operation and maintenance of
utility (electric, gas, water, cable
television, and telecommunications)
distribution networks
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Exelon Infrastructure Delaware designs and engineers utility infrastructure Rule 58(b)(1)(i), (iv),
Services of PA, Inc. (EISPA) for new residential development (vii), (ix); New Century
Energies, HCAR No. 26748;
GPU, HCAR No. 27165
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Chowns Communications, Inc. Delaware utility contractor providing primarily Rule 58(b)(1)(vii); GPU, HCAR
(CCI) telecommunications services, including No. 27165
conduit installation projects for Bell
Atlantic, Inc.
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Fischbach and Moore Electric, Delaware electrical contracting firm that constructs Rule 58(b)(1)(i),(ii), (vii);
Inc. f/k/a NEWCOFM, Inc. electrical infrastructure for commercial GPU HCAR No. 27165
(FAMI) and industrial buildings and transit and
traffic management systems for various
government and private entities.
Also performs infrastructure work for
telecommunications companies and utilities
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Name Jurisdiction Description Authority
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Fischbach and Moore New York inactive entity that performed electrical To be dissolved when various
Incorporated (FMI) contracting and construction work. claims by and against FMI are
Inactive subsidiaries include Fischbach and resolved
Moore Electrical Contracting, Inc.; T.H.
Green Electric Co., Inc.; and A. S.
Shulman Electric Company.
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MRU Technical Group, Inc. Delaware gas contracting firm comprised of six Rule 58(b)(1)(vii); GPU, HCAR
(MRM) subsidiary construction companies and No. 27165
several non-construction subsidiaries. The
construction companies are: Mueller
Pipeliners, Inc. (New Berlin, WI); Gas
Distribution Contractors, Inc. (Aurora,
MO); Mid-Atlantic Pipeliners, Inc. (Newark,
DE); Mueller Energy Services, Inc. (Lorain,
OH); Mueller Distribution Contractors, Inc.
(Sanford, FL); and Aconite Corporation (St.
Paul, MN). Other subsidiaries are:
Mechanical Specialties Incorporated (produces
gas metering equipment) and Rand-Bright
Corporation (manufactures equipment for
cylinderical finishing which has utility
applications).
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Syracuse Merit Electric, Inc. Delaware industrial and commercial electrical Rule 58(b)(1)(i),(ii), (vii)
(ME) contracting services including on-site
electric facility, inside commercial
facility electrical system and data system
design and installation
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NEWCOTRA, Inc Delaware Holding company for FMI See FMI above
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Trinity Industries, Inc. (TII) underground utility contractor installing Rule 58(b)(1)(iv)(vii)(ix);
natural gas pipeline mains and laterals GPU, HCAR No. 27165
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Name Jurisdiction Description Authority
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OSP Consultants, Inc. (OSP) Virginia engineering and design services, Rule 58(b)(1)(vii)and/or
construction-related services, craft Section 34 of the Act
services (cable splicing, installation and
repair), project management and
administrative functions on
telecommunications infrastructure projects
Subsidiaries include: International
Communications Services, Inc. (Nevada); OSP,
Inc. (Virginia); OSP Servicios, S.A. de C.V.
(Mexico); OSP Telecom de Colombia, LTDA
Colombia (being dissolved); OSP Telecom, Inc.
(Delaware); OSP Telecomm de Mexico, S.A. de
C.V. (Mexico); OSP Telecommunications, Ltd.
(Bermuda); RJE Telecom, Inc. (Florida); and
Utility Locate & Mapping Services, Inc.
(Virginia). OSP is registered to do business
in Canada. All of OSP's foreign subsidiaries
are presently inactive.
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Horizon Energy Company f/k/a Pennsylvania sell competitively priced electricity and Rule 58(b)(1)(v)
PECO Gas Supply Company natural gas in deregulating retail markets;
currently inactive
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East Coast Natural Gas Delaware facilitate the coordinated use of certain New Century Energies, HCAR
Cooperative LLP, PECO holds a natural gas capacity, storage, No. 26748
16.66% LLP interest transportation and supply assets in order
to improve service reliability and
efficiency
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Energy Trading Company Delaware holds interests in two publicly-traded Section 34 of the Act
companies: Worldwide Web NetworX
Corporation and Entrade, Inc., each a
developer and provider of
business-to-business e-commerce solutions
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Exelon Ventures Corporation Pennsylvania Holding company for ECAP Section 34, of the Act and/or
(EVEN) Rule 58(b)(l)(i), (ii) (vii)
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Name Jurisdiction Description Authority
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Exelon Capital Partners, Inc. Delaware venture capital fund established to Section 34 of the Act and/or
(ECAP) leverage the core businesses of utility Rule 58(b)(l)(i), (ii),
infrastructure services and communications (vii); GPU, Inc. HCAR 27139
and PECO's other resources through
investment in new businesses. Currently
holds a 12% interest in Extant, Inc., a
telecommunications company, (2) a 14.9%
interest in Permits Now, an internet
software company, (3) a 50% 50% interest in
CIC Global, LLC, an energy management and
metering company, (4) a 16.8% interest in
VITTS Network Group, Inc., a local exchange
carrier, and (5) a 34.88% interest in
OmniChoic.com, Inc., an internet based
utility services agent.
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Exelon Corporation f/k/a/ Pennsylvania An inactive subsidiary of PECO which will
NEWHOLDCO Corporation be renamed Exelon Corporation and will
become the Applicant as a result of the
Merger
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Utility Competitive Advantage venture capital investments in businesses GPU, Inc. HCAR 27139; passive
Fund, LLC; PECO holds 10% engaged in communications, the Internet, and/or deminimis; Ameren,
interest customer service opportunities and HCAR 35-26809; WPL Holdings,
companies with products or services to
help HCAR 35-26856 utilities retain
and build customer base, improve core
operating efficiencies and generate
new revenue sources
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Dashiell Holdings Corp., Holds Dashiell Corporation See Dasheill Corporation
wholly owned by EIS
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Dasheill Corporation designs, constructs, tests and maintains Rule 58(b)(1)(vii); GPU, HCAR
high and medium-voltage electric facilities, No. 27165
focusing on switchyards and substations for
industrial, utility and independent power
clients. Dacon Corporation is sole
subsidiary, which constructs substations and
overhead electric lines
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Name Jurisdiction Description Authority
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<S> <C> <C> <C>
Dacon Corporation, wholly see Dasheill Corporation See Dasheill Corporation
owned by Dasheill Corporation
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VSI Group, Inc. (VSI), wholly performs all activities necessary to Rule 58(b)(1)(i), (ii), (vii)
owned by EIS support utility metering, including GPU, HCAR No. 27165
automated metering. Functions include
meter installation, reading, turn on/off,
call centers, engineering support,
consulting
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International Vital Solutions see VSI Group, Inc.; focuses on meter see VSI Group, Inc.
Group, Inc., wholly owned by installation
VSI
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Michigan Trenching Service, underground utility construction Rule 58(b)(1)(vii); GPU, HCAR
Inc. (MTSI), wholly owned by contractor, activities include construction No. 27165
EIS of gas mains and distribution facilities,
horizontal and directional drilling, plant
construction, engineering and design
services
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Lyons Equipment, Inc., provides management to, and leases utility Rule 58(b)(1)(vii); GPU, HCAR
wholly owned by EIS construction equipment to MTSI No. 27165
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