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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 27, 1998
Commission Registrant; State of Incorporation; IRS Employer
File Number Address; and Telephone Number Identification No.
1-11375 UNICOM CORPORATION 36-3961038
(an Illinois corporation)
37th Floor, 10 South Dearborn Street
Post Office Box A-3005
Chicago, Illinois 60690-3005
312/394-7399
1-1839 COMMONWEALTH EDISON COMPANY 36-0938600
(an Illinois corporation)
37th Floor, 10 South Dearborn Street
Post Office Box 767
Chicago, Illinois 60690-0767
312/394-4321
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Item 5. Other Events.
Share Repurchases
In April 1998, the Boards of Directors of Unicom Corporation and
Commonwealth Edison Company (ComEd) each approved the repurchase
of up to 33 million shares of common stock. The repurchase of
such shares is expected to be financed using proceeds from the
issuance of certain asset-backed securities, known as
"transitional funding instruments," which ComEd has been
authorized to issue under the provisions of the Illinois Electric
Service Customer Choice and Rate Relief Law of 1997. On October
27, 1998, Unicom announced that up to $200 million in funds
obtained from operations or other sources may be used to
repurchase such shares either before or after the receipt of funds
from the issuance of the transitional funding instruments. The
transitional funding instruments are expected to be the ultimate
source of funding for the stock repurchases.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrants have duly caused this report to be
signed on their behalf by the undersigned thereunto duly
authorized.
UNICOM CORPORATION
(Registrant)
Date: October 27, 1998 By: John C. Bukovski
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John C. Bukovski
Senior Vice President
COMMONWEALTH EDISON COMPANY
(Registrant)
Date: October 27, 1998 By: John C. Bukovski
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John C. Bukovski
Senior Vice President
