/November 9, 1939 File No.
__________
FORM U-3A-2/A
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C.
STATEMENT BY HOLDING COMPANY CLAIMING EXEMPTION
UNDER RULE U-3A-2 FROM PROVISIONS OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
PECO Energy Company
[formerly Philadelphia Electric Company]
(Name of Company)
<PAGE>
PECO Energy Company
[formerly Philadelphia Electric Company]
(Name of Company)
hereby files with the Securities and Exchange Commission,
pursuant
to Rule 2, its statement claiming exemption as a holding company
from the provisions of the Public Utility Holding Company Act of
1935. In support of such claim for exemption the following
information is submitted.
1. NAME, STATE OF ORGANIZATION, LOCATION AND NATURE OF BUSINESS
OF CLAIMANT AND EVERY SUBSIDIARY THEREOF.
PECO Energy Company (PECO Energy), Claimant, is a
corporation
organized under the laws of the Commonwealth of
Pennsylvania.
Claimant supplies electric service in Philadelphia and in
southeastern Pennsylvania adjacent to Philadelphia,
including
Delaware and Chester Counties, substantial parts of Bucks
and
Montgomery Counties and a small part of York County,
comprising an area of 2,340 square miles having a population
of about 3,700,000. It also supplies at wholesale part of
the
requirements of a subsidiary operating in northern Maryland.
Electric energy is interchanged with other electric
utilities
operating in adjacent territories.
Claimant supplies natural gas service in substantial
portions
of Delaware, Chester, Montgomery and Bucks Counties, and in
a
small part of Lancaster County in southeastern Pennsylvania
near Philadelphia, comprising an area of 1,475 square miles
having a population of about 1,900,000.
Of the total electric and gas business done by Claimant and
its subsidiaries in 1993, the predominant portion was done
directly by Claimant as indicated in the following:
<TABLE>
<CAPTION>
Claimant after
eliminating Claimant and
inter-Company subsidiaries
transactions consolidated
<S>
<C> <C> <C>
Operating Revenue
Electric & Gas $3,957,951,000 $3,988,129,000
Electric Sales -
MKWH (Gross) 42,174,171 42,262,889
Electric Customers -
December 31 1,452,826 1,488,886
Gas Sales -
MCF (Natural Gas) 60,922,582 (1) 60,923,000 (1)
Gas Customers -
December 31 368,647 368,646
<FN>
(1) Claimant also transported 22,946,000 MCF of gas for its gas
customers.
</TABLE>
<PAGE>
Following is a list of the subsidiary companies of Claimant, and
of
their States of organization, together with a description of the
location and nature of their business:
PECO Energy Power Company (formerly Philadelphia Electric Power
Company) - Incorporated in Pennsylvania
This company, a wholly owned subsidiary of Claimant and a
registered holding company, together with its wholly owned
subsidiary, The Susquehanna Power Company, owns the
Conowingo
Hydro-Electric Project, which was constructed under a
Federal
License dated February 20, 1926, issued by the Federal Power
Commission under the Federal Water Power Act of 1920. The
original license expired in 1976 after its 50-year term was
completed. Subsequently, the Company was issued annual
licenses pending Federal Energy Regulatory Commission (FERC)
action on the application for a new license. The new
license
was issued August 14, 1980 and will expire September 1,
2014.
PECO Energy Power Company owns that portion of the project
located in Pennsylvania, and its portion of the transmission
line is leased to and operated by Claimant.
Susquehanna Power Company - Incorporated in Maryland
Owns that portion of the Conowingo Project located in
Maryland. This property is leased to and operated by The
Susquehanna Electric Company, a wholly owned subsidiary of
Claimant.
The Proprietors of the Susquehanna Canal - Incorporated in
Maryland
Inactive.
Susquehanna Electric Company - Incorporated in Maryland
Operates the Maryland portion of Conowingo Project. It
sells
most of the energy produced to Claimant and the balance to
Conowingo Power Company.
Conowingo Power Company - Incorporated in Maryland
Supplies electric service to 36,043 customers in portions of
Cecil and Harford Counties in northern Maryland, in
territory
adjacent to Claimant's. It is a wholly owned subsidiary of
Claimant.
Eastern Pennsylvania Development Company (EPDC) - Incorporated in
Pennsylvania
Airport Business Center, 300 Stevens Drive, Lester,
Pennsylvania. The Company's sole function is to act as a
holding company for Adwin Equipment Company, Adwin Realty
Company and Adwin Investment Company.
Adwin Equipment Company (AEC) - Incorporated in Pennsylvania
Airport Business Center, 300 Stevens Drive, Lester,
Pennsylvania. This company is a wholly-owned subsidiary of
EPDC and is primarily engaged in electrical distribution
equipment rental, the storage and maintenance of electric
generating equipment, the ownership and operation of public
marine terminals and the sale of heating and cooling
services
based on earth source heat pump technology.
<PAGE>
Adwin Realty Company (ARC) - Incorporated in Pennsylvania
Airport Business Center, 300 Stevens Drive, Lester
Pennsylvania. This company is a wholly-owned subsidiary of
EPDC and is engaged in real estate development. It is a
minority participant (23.74%) in the Franklin Town
Corporation
which is developing a 50-acre redevelopment area in downtown
Philadelphia, including two parcels owned by Claimant.
Adwin Investment Company (AIC) - Incorporated in Delaware
This company is engaged in passive investing in various
financial instruments and real estate holdings.
Eastern Pennsylvania Exploration Company (EPEC) - Incorporated in
Pennsylvania
West Conshohocken Gas Facility, 300 Front Street, West
Conshohocken, Pennsylvania. This wholly owned subsidiary of
Claimant is a partner with one or more subsidiaries of other
utility companies in a joint venture originally engaged in
natural gas exploration and drilling. EPEC no longer
participates in new drilling and exploration programs. All
gas production, as well as oil and gas liquids are sold
where
they are produced. The area of production is the Gulf
Coast,
both on shore and in state water, but excluding federal
waters.
2. A BRIEF DESCRIPTION OF THE PROPERTIES OF CLAIMANT AND EACH
OF
ITS SUBSIDIARY PUBLIC UTILITY COMPANIES USED FOR THE
GENERATION, TRANSMISSION, AND DISTRIBUTION OF ELECTRIC
ENERGY
FOR SALE, OR FOR THE PRODUCTION, TRANSMISSION, AND
DISTRIBUTION OF NATURAL OR MANUFACTURED GAS, INDICATING THE
LOCATION OF PRINCIPAL GENERATING PLANTS, TRANSMISSION LINES,
PRODUCING FIELDS, GAS MANUFACTURING PLANTS, AND ELECTRIC AND
GAS DISTRIBUTION FACILITIES, INCLUDING ALL SUCH PROPERTIES
WHICH ARE OUTSIDE THE STATE IN WHICH CLAIMANT AND ITS
SUBSIDIARIES ARE ORGANIZED AND ALL TRANSMISSION OR PIPELINES
WHICH DELIVER OR RECEIVE ELECTRIC ENERGY OR GAS AT THE
BORDERS
OF SUCH STATE.
CLAIMANT TOGETHER WITH ITS PUBLIC UTILITY SUBSIDIARIES
The properties of Claimant and PECO Energy Power Company are
located within Pennsylvania, except that the Claimant holds a
42.59
percent ownership interest in certain generating facilities
located
in Salem, N.J. which presently consist of 942 megawatts of
nuclear
and 16 megawatts of internal combustion generation as of January
1994, and claimant leases regeneration facilities at the Allied
Chemical Corporation in Claymont, Delaware and the Essex Chemical
Corporation in Newark, New Jersey. The regeneration facilities
are
a necessary portion of the SO2 removal systems operating at
Claimant's Eddystone and Cromby generating stations. Claimant is
also joint operator of a reservoir located near Phillipsburg, New
Jersey. The properties of Claimant's other public utility
subsidiaries are located wholly within Maryland. The location of
the principal electric generating plants, electric and gas
transmission and distribution facilities, including all
transmission or pipelines which deliver or receive electric
energy
or gas at state borders, with the exception of the jointly owned
Keystone and Conemaugh minemouth electric generating stations
located near Johnstown, Pennsylvania, and the Salem plant, are
shown on Exhibits B-1 and B-2 attached hereto.
The following information, unless otherwise indicated, is as of
December 31, 1993:
The electric facilities of Claimant and its subsidiaries with a
total net summer capacity of 8,877 net megawatts, include
seventeen
generating stations of which 2,776 megawatts are fossil-fired
steam; 813 megawatts are internal combustion; 1,350 megawatts are
hydro; and 3,938 megawatts are nuclear. The seventeen generating
stations are interconnected through transmission lines,
substations
and related facilities.
The electric facilities of Claimant also include 92,665 conductor
miles of transmission, distribution and street lighting lines
serving 1,599,303 electric meters installed on customers'
premises.
Additional electric generating capacity is available to Claimant
through the Pennsylvania-New Jersey-Maryland Interconnection
Association among the properties of Claimant, Pennsylvania Power
&
Light Company, Public Service Electric and Gas Company, Baltimore
Gas and Electric Company, Pennsylvania Electric Company,
Metropolitan Edison Company, Jersey Central Power & Light
Company,
Potomac Electric Power Company, Atlantic Electric Company and
Delmarva Power Company. The maximum peak load (hourly demand)
for
the calendar year 1993, on the facilities of Claimant and
subsidiaries was 7,100 megawatts which occurred on July 8, 1993.
<PAGE>
The electricity generating plants of Claimant and subsidiary
companies are as follows:
<TABLE>
<CAPTION>
NET SUMMER
NAME OF PLANT LOCATION TYPE CAPACITY -
CLAIMANT MEGAWATTS
<S>
<C> <C> <C> <C>
Chester Chester, PA on Internal 39.0
Delaware River Combustion
Cromby Phoenixville on Steam and
Schuylkill River Internal
Combustion 347.8
Delaware Central Philadelphia Steam and
on Delaware River Internal
Combustion 306.8
Richmond Northeast Philadelphia Internal
on Delaware River Combustion 96.0
Schuylkill Central Philadelphia Steam and
on Schuylkill River Internal
Combustion 196.8
Southwark Southeast Philadelphia Internal
on Delaware River Combustion 52.0
Eddystone Eddystone, PA on Steam and
DelawareRiver Internal
Combustion 1,362.0
Peach Bottom
Atomic Power Near Delta, PA on
Station Susquehanna River Nuclear 886.0
Keystone Near Johnstown, PA Mine-mouth
Steam and
Internal
Combustion 359.3
Muddy Run 13 miles up-stream
from Conowingo Dam on Hydro-Pumped
the Susquehanna River Storage 880.0
Conemaugh Near Johnston, PA Mine-mouth and
Internal
Combustion 354.3
Moser Substation Moser Rd., Pottstown, Internal
PA Combustion 45.0
Falls Substation Falls Twp., Bucks Co., Internal
PA Combustion 45.0
Salem Generating Salem Co., New Jersey Nuclear and
Station Internal
Combustion 958.0
Croydon Bristol Twp., PA Internal
Combustion 369.0
Limerick Limerick Twp.,
Montgomery Co., PA Nuclear 2,110.0
-------
Total for Claimant's Stations 8,408.8
PECO ENERGY POWER COMPANY
SUSQUEHANNA POWER COMPANY
Conowingo Near Conowingo, MD,
on Susquehanna River Hydro 470.0
-------
Total for Claimant and Subsidiaries 8,876.8
=======
/TABLE
<PAGE>
The following summary shows the relationship of the principal
properties by Claimant to those owned by subsidiaries,
<TABLE>
<CAPTION>
OWNED BY OWNED BY
ELECTRIC PROPERTIES CLAIMANT SUBSIDIARIES TOTAL
<S>
<C> <C> <C> <C>
Generating Capacity-MW 8,406.8 470.0 8,876.8
Substation Transformer
Capacity-KVA -------- 33,698,655 997,500 34,696,155
Transmission and
Distribution Lines -
Conductor Miles 88,497.8 4,167.5 92,665.3
<CAPTION>
GAS PROPERTIES
<S>
<C> <C> <C> <C>
Liquified Natural Gas
Storage Capacity (MCF) 1,200,000 -0- 1,200,000
Max. Daily Sendout
(MCF/Day) 200,000 -0- 200,000
Propane-Air
Storage Capacity
(Gallons) 1,980,000 -0- 1,980,000
Max. Daily Sendout
(MCF/Day) 30,000 -0- 30,000
Distribution Main
(Miles) 5,285 -0- 5,285
</TABLE>
In addition to the electric generating plants described above,
Claimant owns 88,498 conductor miles of transmission and
distribution lines including 772 conductor miles of 500,000
volts,
1,618 conductor miles of 220,000 volts, 458 conductor miles of
132,000 volts, 591 conductor miles of 66,000 volts, 48,868
conductor miles of 33,000, 13,000 and 4,000 volts, 36,175
conductor
miles of 220-110 volts, and 16 conductor miles of street lighting
line.
Claimant owns and operates 465 substations with a total installed
capacity of 33,984,655 KVA in transformer equipment and 123,000
KW
in 25 cycle frequency converter equipment.
The capacities used in this statement are nameplate ratings,
except
where limited by associated equipment or operating conditions, in
which case the limited capacity is used.
Claimant's transmission lines which deliver or receive electric
energy at the borders of Pennsylvania make five connections with
Public Service Electric and Gas Company (New Jersey) at the
Pennsylvania-New Jersey line: two near New Hope, Pennsylvania,
one
at Biles Island on the Delaware River near Morrisville,
Pennsylvania, one is near Bristol, Pennsylvania and one is on the
Pennsylvania Railroad Company bridge extending between
Philadelphia, Pennsylvania and Camden, New Jersey. Claimant's
lines also connect with those of Delmarva Power Company at the
Pennsylvania-Delaware line at Naamans, Pennsylvania, near
Claymont,
Delaware. Connection is also made with the Atlantic Electric
Company transmission line at the Pennsylvania-New Jersey state
line
in Chester, Pennsylvania. Two connections are made with the
Baltimore Gas and Electric Company transmission line at the
Pennsylvania-Maryland state line, near Delta, Pennsylvania.
Connection is made with Conowingo Power Company, a subsidiary of
the Claimant, at the Pennsylvania-Maryland state line near
Pleasant
Grove, Pennsylvania. Connection also is made with Susquehanna
Power Company, a subsidiary of the Claimant, at the Pennsylvania-
Maryland state line near Goat Hill, Pennsylvania by the
transmission lines which the Claimant leases from its subsidiary,
PECO Energy Power Company. A line of PECO Energy Company
connects
with a line of Susquehanna Power Company at the Pennsylvania-
Maryland state line near Slate Hill, Pennsylvania.
GAS PLANTS
Claimant owns and operates the following gate stations where
natural gas is received from suppliers:
<TABLE>
<CAPTION>
TRANS-
PROPANE/
TEXAS EASTERN CONTINENTAL LNG
AIR
STATION METER STATION METER STATION FACILITIES
FACILITIES
<S>
<C> <C> <C> <C>
<C>
Tilghman St., Chester * *
West Conshohocken * * *
*
Ivyland *
Oreland *
Pottstown *
East Greenville *
Kennett Square *
Coatesville *
Parkesburg *
U. S. Steel-Dolington *
Warner-Devault *
Cromby-Phoenixville *
Lukens-Conshohocken *
Corson-Plymouth Meeting *
Planebrook *
Hatfield *
Merck-Worcester *
Upper Providence *
</TABLE>
Claimant owns and operates a natural gas liquefaction and storage
plant at West Conshohocken, Pennsylvania, having the following
characteristics:
Gross Liquefaction Capacity: 6600 MCF/Day (Net 6000 MCF/Day
after
boiloff)
Design Sendout Capacity: 200,000 MCF/Day
LNG Tank Capacity: 1,200,000 MCF of Natural Gas
Claimant also owns and operates a propane air peak shaving
facility
at Chester, Pennsylvania, having the following characteristics:
Design Capacity: 30,000 MCF/Day Propane - Air
On Site LPG Capacity: Twenty-two 90,000 gallon tanks
<PAGE>
Claimant has contracts with Texas Eastern Transmission
Corporation
(TETCO), Transcontinental Gas Pipe Line Corporation (Transco),
and
storage services under Service Agreements and Tariffs on file
with
the FERC. Aggregate annual entitlements are approximately 55
million dekatherms for supply and 18.7 million dekatherms for
storage.
<TABLE>
<CAPTION>
MAXIMUM MAXIMUM
SUPPLY EXPIRATION DAILY ANNUAL
<S>
<C> <C> <C> <C>
Direct Produce 4/93-3/01 199,533 dth(w) 55,443,185
dth
135,533 dth(s)
<CAPTION>
MAXIMUM
STORAGE EXPIRATION DAILY CAPACITY
<S>
<C> <C> <C> <C>
CNB GSS Storage Service 3/31/06 34,663 dth 3,326,029
dth
Equitrans SS-3 Storage 3/31/02 12,495 1,306,250
Texas Eastern SS-1A 4/30/00 43,601 2,616,030
Texas Eastern SS-1B 4/30/00 10,381 726,670
Texas Eastern SS-1C 4/30/00 12,419 1,466,737
Transco GSS Storage 3/31/92* 54,508 2,794,365
Transco WSS Storage 3/31/98 43,382 3,687,492
Transco S-2 Storage Annual 31,142 2,800,347
<CAPTION>
MAXIMUM
TRANSPORTATION EXPIRATION DAILY USE
<S>
<C> <C> <C> <C>
Equitrans STS 3/31/02 12,495 to SS-3
Storage
Texas Eastern FT-1 10/31/99 35,000 Firm
Transport
Texas Eastern CDS 10/31/99 49,286 Firm
Transport
Texas Eastern FTS-2 3/31/02 13,486 From SS-3
Storage
Texas Eastern FTS-7 4/15/00 23,183 From CNG GSS
Storage
Transco FT 4/31/06 158,832 Firm
Transport
<FN>
*Initial contract term expired continuing subject to service
agreement term and FERC Section 7 certification.
</TABLE>
In addition to the pipeline services rendered under the above
contracts, Claimant also purchases short-term spot supplies on a
best efforts basis from various gas producers and gas marketing
companies. During 1993, total natural gas throughput from all
sources, including transportation of customer-owned gas delivered
in the Commonwealth of Pennsylvania, was approximately 85.8
million
dekatherms.
Claimant purchased no gas from its subsidiary, EPEC, during 1993.
The maximum one day sendout of Claimant for calendar year 1993
occurred on February 1 and amounted to 562,011,000 cubic feet of
gas.
<PAGE>
PECO ENERGY POWER COMPANY AND SUSQUEHANNA POWER COMPANY
PECO Energy Power Company and its subsidiary, Susquehanna Power
Company, own the Conowingo Hydro-Electric Project, which they
constructed under a Federal License dated February 20, 1926,
issued
by the Federal Power Commission under the Federal Water Power Act
of 1920. The original license expired in 1976 after its 50-year
term was completed. A new license was issued August 14, 1980 and
will expire September 1, 2014. This expiration date is
concurrent
with the license for the Claimant's Muddy Run Pumped Storage
Project. The common expiration date was based on FERC's desire
to
provide for concurrent future relicensing of both projects since
they are contiguous and are coordinated in operation.
Susquehanna Power Company owns the dam, power plant and
substations
which are located at Conowingo, Maryland, on the Susquehanna
River
about four miles above tidewater, and also owns the portion of
the
pool and transmission lines in Maryland. PECO Energy Power
Company
owns the portion of the pool and transmission lines in
Pennsylvania. These properties are operated under lease by the
affiliated company as described under Item 1.
The dam is of solid concrete masonry construction and is
approximately 4,650 feet in length, including the powerhouse,
headworks, regulating gates, gate-controlled spillway and
abutments. The power station has a total rated installed
generating capacity of 512,000 kilowatts consisting of seven
original hydro-electric generating units each rated at 36,000
kilowatts capacity, and four additional units installed in 1964
each rated at 65,000 kilowatts capacity. The total station
capacity has been reduced to 410 MW in the summer season due to
the
water releases required by FERC. The reservoir extends upstream
about 15 miles over land on which licensee subsidiaries of the
Claimant have flowage rights where not owned in fee.
There are two transmission substations having a total rated
capacity of 610,000 KVA. One, located on the roof of Conowingo
Station, has a rated capacity of 560,000 KVA and steps up the
energy generated at Conowingo Station from 13,200 volts to
230,000
volts for transmission to the electric lines of the Claimant.
The
other is a 13,200-34,000 volt substation with a rated capacity of
50,000 KVA, from which energy is supplied to Conowingo Power
Company, an affiliate, and to the Claimant for local
distribution.
There are 21 circuit miles of 230,000 volt transmission lines and
ten circuit miles of 34,000 volt transmission lines. The 230,000
volt transmission lines consist of two single circuit lines
supported on steel towers, of which 14 circuit miles, from the
Conowingo plant to the Maryland-Pennsylvania state line, near
Goat
Hill, Pennsylvania, are owned by Susquehanna Power Company, and
the
balance of seven circuit miles from the Maryland-Pennsylvania
state
line to a point at the boundary between West Nottingham and East
Nottingham Townships in Pennsylvania are owned by PECO Energy
Power
Company. The 34,000 volt transmission lines are owned by
Susquehanna Power Company.
<PAGE>
CONOWINGO POWER COMPANY
Conowingo Power Company owns and operates 45 substations with a
total capacity of 387,500 KVA. It receives its energy
requirements
from the Claimant and Claimant's subsidiary, Susquehanna Electric
Company.
Conowingo Power Company's lines connect with Delmarva Power &
Light
Company's lines at three locations at the Maryland-Delaware state
line - one near Elkton, Maryland in the vicinity of Greys Hill,
one
near Bethel, Maryland and one in the vicinity of Elkton,
Maryland.
The lines of Conowingo Power Company and of PECO Energy Company
are
inter-connected at the Maryland-Pennsylvania state line in four
places - one near Rising Sun, one near Calvert, one near Cardiff,
and one near Appleton, all in Maryland.
3. THE FOLLOWING INFORMATION FOR THE LAST CALENDAR YEAR WITH
RESPECT TO CLAIMANT AND EACH OF ITS SUBSIDIARY PUBLIC
UTILITY
COMPANIES:
(A) NUMBER OF KWH OF ELECTRIC ENERGY SOLD (AT RETAIL OR
WHOLESALE), AND MCF OF NATURAL OR MANUFACTURED GAS
DISTRIBUTED
AT RETAIL.
<TABLE>
<CAPTION>
KWH SOLD (AT RETAIL OR WHOLESALE)
ELECTRIC SALES BY INTERCOMPANY OTHER TOTAL
<S>
<C> <C> <C> <C>
PECO Energy Co. 676,685,362 41,497,485,486(a) 42,174,170,848
PECO Energy
Power Co. - - -
Susquehanna
Power Co. - - -
Susquehanna
Electric Co. 1,609,015,655 - 1,609,015,655
Conowingo Power
Co. 114,448 765,403,707 765,518,155
<FN>
Note: (a) - Reflects gross deliveries including 457,000
kilowatthours accounted for under the purchased and
interchange power account.
</TABLE>
<TABLE>
<CAPTION>
GAS SALES BY MCF OF GAS DISTRIBUTED AT RETAIL
<S>
<C> <C>
PECO Energy Co. 60,923,000
</TABLE>
(B) - NUMBER OF KWH OF ELECTRIC ENERGY AND MCF OF NATURAL OR
MANUFACTURED GAS DISTRIBUTED AT RETAIL OUTSIDE THE
STATE IN WHICH EACH SUCH COMPANY IS ORGANIZED.
None
(C) - NUMBER OF KWH OF ELECTRIC ENERGY AND MCF OF NATURAL OR
MANUFACTURED GAS SOLD AT WHOLESALE OUTSIDE THE STATE IN
WHICH EACH SUCH COMPANY IS ORGANIZED, OR AT THE STATE
LINE.<PAGE>
<TABLE>
<CAPTION>
KWH SOLD (AT RETAIL OR WHOLESALE)
ELECTRIC SALES BY INTERCOMPANY OTHER TOTAL
<S>
<C> <C> <C> <C>
PECO Energy Co. 676,685,362 121,434,000(a) 798,119,362
PECO Energy
Power Co. - - -
Susquehanna
Power Co. - - -
Susquehanna
Electric Co. 1,478,389,653 - 1,478,389,653
Conowingo Power
Co. 114,448 - 114,448
<FN>
Note: (a) - PECO Energy Company also had a delivery of
335,931,000 kilowatthours of energy to the
Pennsylvania-New Jersey-Maryland Interconnection,
some portion of which was sold at state lines, but
the amount so sold cannot be determined. This
energy is accounted for under the purchased and
interchange power account.
</TABLE>
<TABLE>
<CAPTION>
GAS SALES BY MCF OF GAS DISTRIBUTED AT WHOLESALE
<S>
<C> <C>
PECO Energy Co. None
</TABLE>
(D) NUMBER OF KWH OF ELECTRIC ENERGY AND MCF OF NATURAL OR
MANUFACTURED GAS PURCHASED OUTSIDE THE STATE IN WHICH
EACH SUCH COMPANY IS ORGANIZED, OR AT THE STATE LINE.
<TABLE>
<CAPTION>
KWH PURCHASED AT STATE LINE
ELECTRIC
PURCHASES BY INTERCOMPANY OTHER TOTAL
<S>
<C> <C> <C> <C>
PECO Energy Co. 1,478,504,101 1,658,676,000(a) 3,137,180,101
PECO Energy
Power Co. - - -
Susquehanna
Power Co. - - -
Susquehanna
Electric Co. - - -
Conowingo Power
Co. 676,799,810 - 676,799,810
<FN>
Note: (a) - PECO Energy Company also received 3,888,504,000
kilowatthours of energy from the Pennsylvania-New
Jersey-Maryland Interconnection, a portion of
which was purchased at state lines, but the amount
purchased cannot be determined. This energy is
accounted for under the purchased and interchange
power account.
</TABLE>
<TABLE>
<CAPTION>
GAS PURCHASED BY MMCF OF GAS PURCHASED AT STATE LINE
<S>
<C> <C>
PECO Energy Co. 60,923,000
/TABLE
<PAGE>
RIDER A TO U-3A-2
4. THE FOLLOWING INFORMATION FOR THE REPORTING PERIOD
WITH RESPECT TO CLAIMANT AND EACH INTEREST IT HOLDS DIRECTLY OR
INDIRECTLY IN AN EWG OR A FOREIGN UTILITY COMPANY, STATING
MONETARY AMOUNTS IN UNITED STATES DOLLARS:
(A) NAME, LOCATION, BUSINESS ADDRESS AND DESCRIPTION
OF THE FACILITIES USED BY THE EWG OR FOREIGN UTILITY COMPANY FOR
THE GENERATION, TRANSMISSION AND DISTRIBUTION OF ELECTRIC ENERGY
FOR SALE OR FOR THE DISTRIBUTION AT RETAIL OF NATURAL OR
MANUFACTURED GAS.
None
(B) NAME OF EACH SYSTEM COMPANY THAT HOLDS AN INTEREST
IN SUCH EWG OR FOREIGN UTILITY COMPANY; AND DESCRIPTION OF THE
INTEREST HELD.
None
(C) TYPE AND AMOUNT OF CAPITAL INVESTED, DIRECTLY OR
INDIRECTLY, BY THE HOLDING COMPANY CLAIMING EXEMPTION; ANY DIRECT
OR INDIRECT GUARANTEE OF THE SECURITY OF THE EWG OR FOREIGN
UTILITY COMPANY BY THE HOLDING COMPANY CLAIMING EXEMPTION; AND
ANY DEBT OR OTHER FINANCIAL OBLIGATION FOR WHICH THERE IS
RECOURSE, DIRECTLY OR INDIRECTLY, TO THE HOLDING COMPANY CLAIMING
EXEMPTION OR ANOTHER SYSTEM COMPANY, OTHER THAN THE EWG OR
FOREIGN UTILITY COMPANY.
None
(D) CAPITALIZATION AND EARNINGS OF THE EWG OR FOREIGN
UTILITY COMPANY DURING THE REPORTING PERIOD.
None
(E) IDENTIFY ANY SERVICE, SALES OR CONSTRUCTION
CONTRACT(S) BETWEEN THE EWG OR FOREIGN UTILITY COMPANY AND A
SYSTEM COMPANY, AND DESCRIBE THE SERVICES TO BE RENDERED OR GOODS
SOLD AND FEES OR REVENUES UNDER SUCH AGREEMENT(S).
None
<PAGE>
EXHIBITS
Exhibit A - Consolidated statement of income and surplus of
Claimant and its subsidiary companies for the
calendar year 1993, together with a consolidated
balance sheet of Claimant and its subsidiary
companies as of the close of such calendar year.
Exhibit B-1 - Map showing location of electric properties,
except
jointly owned Keystone and Conemaugh electric
generating stations located near Johnstown,
Pennsylvania, and the Salem Generating Station in
Salem, New Jersey. Also, the service areas of
Claimant and its subsidiary electric utility
companies are included filed in paper format on
Form SE.
Exhibit B-2 - Map showing location of gas property and service
area of Claimant filed in paper format on Form SE.
Exhibit C - Not Applicable.
*****************************************************************
<PAGE>
The above-named Claimant has caused this statement to be duly
executed on its behalf by its authorized officer on this 25th day
of February, 1994.
PECO Energy Company
2301 Market Street
Philadelphia, PA 19103
/s/ M. W. Rimerman
__________________________________
Vice President - Finance
and Treasurer
CORPORATE SEAL
Attest:
/s/ L. S. Binder
_____________________________
Secretary
Name, title and address of officer to whom notices and
correspondence concerning this statement should be addressed:
Morton W. Rimerman Vice President - Finance and Treasurer
- -----------------------------------------------------------------
- -
(Name) (Title)
PECO Energy Company
2301 Market Street, P.O. Box 8699, Philadelphia, PA 19101
- ----------------------------------------------------------------
(Mailing Address)
<TABLE>
<CAPTION>
PECO Energy Company and Subsidiary Companies Exhibit A
Consolidating Statement of Income 1 of 27
Twelve Months Ended December 31, 1993
(Thousands of Dollars)
Consolidated Combined
Totals Eliminations Totals
<S>
<C> <C> <C> <C>
Operating Revenues
Electric $3,605,425 $87,741 $3,693,166
Gas 382,704 --- 382,704
Non-Utility Subsidiaries 10,313 2 10,315
---------- ------- ----------
Total Operating Rev. 3,998,442 87,743 4,086,185
---------- ------- ----------
Operating Expenses
Fuel and Energy
Interchange 659,580 76,010 735,590
Other Operating 864,219 11,733 875,952
Maintenance 365,384 --- 365,384
Depreciation 429,224 --- 429,224
Income Taxes 349,115 --- 349,115
Other Taxes 298,384 --- 298,384
---------- ------- ----------
Total Operating
Expenses 2,965,906 87,743 3,053,649
---------- ------- ----------
Operating Income 1,032,536 --- 1,032,536
---------- ------- ----------
Other Income and Deductions
Allowance for Other
Funds Used During
Construction 11,885 --- 11,885
Equity in Subsidiary
Companies --- 3,655 3,655
Income Taxes (11,808) --- (11,808)
Other, Net 18,889 4 18,893
---------- ------- ----------
Total Other Income
and Deductions 18,966 3,659 22,625
---------- ------- ----------
Income Before Interest
Charges 1,051,502 3,659 1,055,161
---------- ------- ----------
Interest Charges
Long-Term Debt 436,741 --- 436,741
Short-Term Debt 36,002 4 36,006
Allowance for Borrowed
Funds Used During
Construction (11,889) --- (11,889)
---------- ------- ----------
Net Interest Charges 460,854 4 460,858
---------- ------- ----------
Net Income $590,648 $ 3,655 $594,303
========== ======= ==========
<PAGE>
<CAPTION>
PECO Energy Company and Subsidiary Companies Exhibit A
Consolidating Statement of Income 2 of 27
Twelve Months Ended December 31, 1993
(Thousands of Dollars)
PECO
PECO Energy Susquehanna
Energy Power Power
Company Company Company
<S>
<C> <C> <C> <C>
Operating Revenues
Electric $3,575,247 $ 969 $ 14,202
Gas 382,704 --- ---
Non-Utility Subsidiaries --- --- ---
---------- ------- ----------
Total Operating Rev. 3,957,951 969 14,202
---------- ------- ----------
Operating Expenses
Fuel and Energy
Interchange 680,954 --- ---
Other Operating 835,950 46 36
Maintenance 357,122 --- ---
Depreciation 420,735 41 1,457
Income Taxes 348,328 47 3,260
Other Taxes 292,798 317 1,979
---------- ------- ----------
Total Operating
Expenses 2,935,887 451 6,732
---------- ------- ----------
Operating Income 1,022,064 518 7,470
---------- ------- ----------
Other Income and Deductions
Allowance for Other
Funds Used During
Construction 11,742 10 123
Equity in Subsidiary
Companies 3,775 7,661 ---
Income Taxes (11,761) (3) (46)
Other, Net 21,505 --- (8)
---------- ------- ----------
Total Other Income
and Deductions 25,261 7,668 69
---------- ------- ----------
Income Before Interest
Charges 1,047,325 8,186 7,539
---------- ------- ----------
Interest Charges
Long-Term Debt 432,640 67 ---
Short-Term Debt 35,782 43 1
Allowance for Borrowed
Funds Used During
Construction (11,745) (11) (123)
---------- ------- ----------
Net Interest Charges 456,677 99 (122)
---------- ------- ----------
Net Income $590,648 $ 8,087 $ 7,661
========== ======= ==========<PAGE>
<CAPTION>
PECO Energy Company and Subsidiary Companies Exhibit A
Consolidating Statement of Income 3 of 27
Twelve Months Ended December 31, 1993
(Thousands of Dollars)
Eastern
Conowingo Susquehanna Pennsylvania
Power Electric Development
Company Company Company
<S>
<C> <C> <C> <C>
Operating Revenues
Electric $ 77,495 $25,253 $ ---
Gas --- --- ---
Non-Utility Subsidiaries --- --- ---
---------- ------- ----------
Total Operating Rev. 77,495 25,253 ---
---------- ------- ----------
Operating Expenses
Fuel and Energy
Interchange 54,636 --- ---
Other Operating 7,013 19,940 2
Maintenance 2,414 4,873 ---
Depreciation 2,719 --- ---
Income Taxes 2,639 117 (1)
Other Taxes 2,715 323 ---
---------- ------- ----------
Total Operating
Expenses 72,136 25,253 1
---------- ------- ----------
Operating Income 5,359 --- (1)
---------- ------- ----------
Other Income and Deductions
Allowance for Other
Funds Used During
Construction 10 --- ---
Equity in Subsidiary
Companies --- --- (7,781)
Income Taxes (1) 3 ---
Other, Net 122 (38) ---
---------- ------- ----------
Total Other Income
and Deductions 131 (35) (7,781)
---------- ------- ----------
Income Before Interest
Charges 5,490 (35) (7,782)
---------- ------- ----------
Interest Charges
Long-Term Debt --- --- ---
Short-Term Debt 145 35 ---
Allowance for Borrowed
Funds Used During
Construction (10) --- ---
---------- ------- ----------
Net Interest Charges 135 35 ---
---------- ------- ----------
Net Income $ 5,355 $ (70) $ (7,782)
========== ======= ==========<PAGE>
<CAPTION>
PECO Energy Company and Subsidiary Companies Exhibit A
Consolidating Statement of Income 4 of 27
Twelve Months Ended December 31, 1993
(Thousands of Dollars)
Adwin Adwin Adwin
Investment Realty Equipment
Company Company Company
<S>
<C> <C> <C> <C>
Operating Revenues
Electric $ --- $ --- $ ---
Gas --- --- ---
Non-Utility Subsidiaries 179 6,890 2,342
---------- ------- ----------
Total Operating Rev. 179 6,890 2,342
---------- ------- ----------
Operating Expenses
Fuel and Energy
Interchange --- --- ---
Other Operating 80 10,104 2,504
Maintenance --- 717 258
Depreciation --- 2,257 486
Income Taxes 37 (3,450) (82)
Other Taxes --- 231 16
---------- ------- ----------
Total Operating
Expenses 117 9,859 3,182
---------- ------- ----------
Operating Income 62 (2,969) (840)
---------- ------- ----------
Other Income and Deductions
Allowance for Other
Funds Used During
Construction --- --- ---
Equity in Subsidiary
Companies --- --- ---
Income Taxes --- --- ---
Other, Net --- --- ---
---------- ------- ----------
Total Other Income
and Deductions --- --- ---
---------- ------- ----------
Income Before Interest
Charges 62 (2,969) (840)
---------- ------- ----------
Interest Charges
Long-Term Debt --- 3,345 689
Short-Term Debt --- --- ---
Allowance for Borrowed
Funds Used During
Construction --- --- ---
---------- ------- ----------
Net Interest Charges --- 3,345 689
---------- ------- ----------
Net Income $ 62 $(6,314) $ (1,529)
========== ======= ==========<PAGE>
<CAPTION>
PECO Energy Company and Subsidiary Companies Exhibit A
Consolidating Statement of Income 5 of 27
Twelve Months Ended December 31, 1993
(Thousands of Dollars)
Eastern
Pennsylvania
Exploration
Company
<S>
<C> <C>
Operating Revenues
Electric $ ---
Gas ---
Non-Utility Subsidiaries 904
----------
Total Operating Rev. 904
----------
Operating Expenses
Fuel and Energy
Interchange ---
Other Operating 277
Maintenance ---
Depreciation 1,529
Income Taxes (1,780)
Other Taxes 5
----------
Total Operating
Expenses 31
----------
Operating Income 873
----------
Other Income and Deductions
Allowance for Other
Funds Used During
Construction ---
Equity in Subsidiary
Companies ---
Income Taxes ---
Other, Net (2,688)
----------
Total Other Income
and Deductions (2,688)
----------
Income Before Interest
Charges (1,815)
----------
Interest Charges
Long-Term Debt ---
Short-Term Debt ---
Allowance for Borrowed
Funds Used During
Construction ---
----------
Net Interest Charges ---
----------
Net Income $ (1,815)
==========
/TABLE
<PAGE>
<TABLE>
<CAPTION>
Exhibit A
6 of 27
PECO ENERGY COMPANY AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME ELIMINATIONS
TWELVE MONTHS ENDED DECEMBER 31, 1993
(THOUSANDS OF DOLLARS)
ELIMINATION NO. 1
<S>
<C> <C> <C>
Operating Revenues - Electric $87,741
- Non-Utility
Subsidiaries 2
Operating Expenses $87,743
For eliminating intercompany transactions
with respect to sales of energy and
rentals, as follows:
Operating Operating
Revenues Expenses
The Susquehanna Power Company $14,202
Rental of generating and trans-
mission facilities to The
Susquehanna Electric Company $14,202
PECO Energy Company 46,625
Sales of electric energy to
Conowingo Power Company 46,625
The Susquehanna Electric Company 8,795
Sales of electric energy to
Conowingo Power Company 8,795
The Susquehanna Electric Company 16,031
Sales of electric energy to
PECO Energy Company 16,031
PECO Energy Power Company 781
Rental of transmission facilities
to PECO Energy Company 781
Conowingo Power Company 1,296
Rental of transmission facilities
to PECO Energy Company 1,296
Conowingo Power Company 11
Sales of electric energy to
PECO Energy Company 11
Eastern Pennsylvania Exploration Company 2
Sales of gas to PECO Energy Company 2
------- -------
TOTAL $87,743 $87,743
======= =======
/TABLE
<PAGE>
<TABLE>
<CAPTION>
Exhibit A
7 of 27
PECO ENERGY COMPANY AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME ELIMINATIONS
TWELVE MONTHS ENDED DECEMBER 31, 1993
(Thousands of Dollars)
ELIMINATION NO. 2
<S>
<C> <C> <C>
Other Income $ 3,659
Interest Charges $ 4
Equity in Earnings of
Subsidiary Companies - Consolidated 3,655
For eliminating intercompany items in
connection with interest on notes and
subsidiary earnings as follows:
<CAPTION>
Equity in Earnings
Other Interest of Subsidiary
Income Charges Companies
<S>
<C> <C> <C> <C>
PECO Energy Company $ 4
Interest from The
Susquehanna Electric Company $ 4
PECO Energy Company 3,775
Equity in Earnings of
Subsidiary Companies
PECO Energy Power Co. $8,087
Conowingo Power Co. 5,355
The Susquehanna Electric Co. (70)
Eastern Pennsylvania Develop-
ment Co. (7,782)
Eastern Pennsylvania Explora-
tion Co. (1,815)
PECO Energy Power Company 7,661
Equity in Earnings of Subsidiary
Company
The Susquehanna Power Co. 7,661
Eastern Pennsylvania Development
Authority
Equity in Earnings of Subsidiary
Company (7,781)
Adwin Equipment Co. (1,529)
Adwin Realty Co. (6,314)
Adwin Investment Co. 62
------ ---- ------
$3,659 $ 4 $3,655
====== ==== ======
/TABLE
<PAGE>
<TABLE>
<CAPTION>
Exhibit A
8 of 27
PECO Energy Company and Subsidiary Companies
Consolidating Statement of Unappropriated Retained Earnings
Twelve Months Ended December 31, 1993
(Thousands of Dollars)
Consolidated Combined
Totals Eliminations Totals
<S>
<C> <C> <C> <C>
Balance at January 1, 1993 $ 561,824 $ --- $ 561,824
Additions:
Net Income for twelve months
ended December 31, 1993
(excluding Equity in
Earnings of Subsidiary
Companies) 590,648 --- 590,648
Dividends Received from
Subsidiary Companies --- 15,807 15,807
---------- ------- ----------
Total Additions 590,648 15,807 606,455
---------- ------- ----------
Deductions:
Expenses in Connection
with Issuance of
Preferred Stock 5,625 --- 5,625
Cash Dividend Declared
Preferred Stock 49,919 --- 49,919
Common Stock 316,162 15,807 331,969
Issuance of Stock
Long-Term Incentive Plan 7,039 --- 7,039
---------- ------- ----------
Total Deductions 378,745 15,807 394,552
---------- ------- ----------
Balance at December 31, 1993 $ 773,727 $ --- $ 773,727
========== ======= ==========
<PAGE>
<CAPTION>
Exhibit A
9 of 27
PECO Energy Company and Subsidiary Companies
Consolidating Statement of Unappropriated Retained Earnings
Twelve Months Ended December 31, 1993
(Thousands of Dollars)
PECO
PECO Energy Susquehanna
Energy Power Power
Company Company Company
<S>
<C> <C> <C> <C>
Balance at January 1, 1993 $ 512,099 $ 886 $ 6,564
Additions:
Net Income for twelve months
ended December 31, 1993
(excluding Equity in
Earnings of Subsidiary
Companies) 586,873 426 7,661
Dividends Received from
Subsidiary Companies 8,118 7,689 ---
---------- ------- ----------
Total Additions 594,991 8,115 7,661
---------- ------- ----------
Deductions:
Expenses in Connection
with Issuance of
Preferred Stock 5,625 --- ---
Cash Dividend Declared
Preferred Stock 49,919 --- ---
Common Stock 316,162 8,118 7,689
Issuance of Stock
Long-Term Incentive Plan 7,039 --- ---
---------- ------- ----------
Total Deductions 378,745 8,118 7,689
---------- ------- ----------
Balance at December 31, 1993 $ 728,345 $ 883 $ 6,536
========== ======= ==========
<PAGE>
<CAPTION>
Exhibit A
10 of 27
PECO Energy Company and Subsidiary Companies
Consolidating Statement of Unappropriated Retained Earnings
Twelve Months Ended December 31, 1993
(Thousands of Dollars)
Eastern
Conowingo Susquehanna Pennsylvania
Power Electric Development
Company Company Company
<S>
<C> <C> <C> <C>
Balance at January 1, 1993 $ 50,939 $ (40) $ 449
Additions:
Net Income for twelve months
ended December 31, 1993
(excluding Equity in
Earnings of Subsidiary
Companies) 5,355 (70) (1)
Dividends Received from
Subsidiary Companies --- --- ---
---------- ------- ----------
Total Additions 5,355 (70) (1)
---------- ------- ----------
Deductions:
Expenses in Connection
with Issuance of
Preferred Stock --- --- ---
Cash Dividend Declared
Preferred Stock --- --- ---
Common Stock --- --- ---
Issuance of Stock
Long-Term Incentive Plan --- --- ---
---------- ------- ----------
Total Deductions --- --- ---
---------- ------- ----------
Balance at December 31, 1993 $ 56,294 $ (110) $ 448
========== ======= ==========
<PAGE>
<CAPTION>
Exhibit A
11 of 27
PECO Energy Company and Subsidiary Companies
Consolidating Statement of Unappropriated Retained Earnings
Twelve Months Ended December 31, 1993
(Thousands of Dollars)
Adwin Adwin Adwin
Investment Realty Equipment
Company Company Company
<S>
<C> <C> <C> <C>
Balance at January 1, 1993 $ (140) $ 8,051 $ (2,429)
Additions:
Net Income for twelve months
ended December 31, 1993
(excluding Equity in
Earnings of Subsidiary
Companies) 62 (6,314) (1,529)
Dividends Received from
Subsidiary Companies --- --- ---
---------- ------- ----------
Total Additions 62 (6,314) (1,529)
---------- ------- ----------
Deductions:
Expenses in Connection
with Issuance of
Preferred Stock --- --- ---
Cash Dividend Declared
Preferred Stock --- --- ---
Common Stock --- --- ---
Issuance of Stock
Long-Term Incentive Plan --- --- ---
---------- ------- ----------
Total Deductions --- --- ---
---------- ------- ----------
Balance at December 31, 1993 $ (78) $ 1,737 $ (3,958)
========== ======= ==========
<PAGE>
<CAPTION>
Exhibit A
12 of 27
PECO Energy Company and Subsidiary Companies
Consolidating Statement of Unappropriated Retained Earnings
Twelve Months Ended December 31, 1993
(Thousands of Dollars)
Eastern
Pennsylvania
Exploration
Company
<S>
<C> <C>
Balance at January 1, 1993 $ (14,555)
Additions:
Net Income for twelve months
ended December 31, 1993
(excluding Equity in
Earnings of Subsidiary
Companies) (1,815)
Dividends Received from
Subsidiary Companies ---
----------
Total Additions (1,815)
----------
Deductions:
Expenses in Connection
with Issuance of
Preferred Stock ---
Cash Dividend Declared
Preferred Stock ---
Common Stock ---
Issuance of Stock
Long-Term Incentive Plan ---
----------
Total Deductions ---
----------
Balance at December 31, 1993 $ (16,370)
==========
<PAGE>
<CAPTION>
PECO Energy Company and Subsidiary Companies Exhibit A
Consolidating Balance Sheet 13 of 27
December 31, 1993
(Thousands of Dollars)
Consolidated Combined
Totals Eliminations Totals
<S>
<C> <C> <C> <C>
Assets
Utility Plant, at Original
Cost
Electric $13,102,088 $ --- $13,102,088
Gas 843,205 --- 843,205
Common 305,678 --- 305,678
----------- ----------- -----------
14,250,971 --- 14,250,971
Less: Accumulated Provision
for Depreciation 3,973,706 --- 3,973,706
----------- ----------- -----------
10,277,265 --- 10,277,265
Nuclear Fuel, Net 179,529 --- 179,529
Construction Work in
Progress 381,247 --- 381,247
Leased Property, Net 194,702 --- 194,702
----------- ----------- -----------
Net Utility Plant 11,032,743 --- 11,032,743
----------- ----------- -----------
Current Assets
Cash and Temporary
Cash Investment 49,614 --- 49,614
Accounts Receivable, Net
Customers 123,644 --- 123,644
Other 51,651 44,157 95,808
Inventories, at Average Cost
Fossil Fuel 67,040 --- 67,040
Material and Supplies 142,132 --- 142,132
Deferred Income Taxes 31,373 --- 31,373
Other 58,205 --- 58,205
----------- ----------- -----------
Total Current Assets 523,659 44,157 567,816
----------- ----------- -----------
Deferred Debits and Other Assets
Recoverable Deferred
Income Taxes 2,297,368 --- 2,297,368
Deferred Limerick Costs 433,605 --- 433,605
Deferred Non-Pension Post-
retirement Benefits Costs 44,691 --- 44,691
Investments 192,900 --- 192,900
Investments in Subsidiary
Companies --- 316,717 316,717
Loss on Reacquired Debt 343,004 --- 343,004
Other 223,496 (947) 222,549
----------- ----------- -----------
Total Deferred Debits
and Other Assets 3,535,064 315,770 3,850,834
----------- ----------- -----------
TOTAL $15,091,466 $ 359,927 $15,451,393
=========== =========== ===========<PAGE>
<CAPTION>
PECO Energy Company and Subsidiary Companies Exhibit A
Consolidating Balance Sheet 14 of 27
December 31, 1993
(Thousands of Dollars)
PECO
PECO Energy Susquehanna
Energy Power Power
Company Company Company
<S>
<C> <C> <C> <C>
Assets
Utility Plant, at Original
Cost
Electric $12,872,985 $ 6,103 $ 113,331
Gas 843,205 --- ---
Common 203,747 --- ---
----------- ----------- -----------
13,919,937 6,103 113,331
Less: Accumulated Provision
for eciation 3,875,309 508 38,555
----------- ----------- -----------
10,044,628 5,595 74,776
Nuclear Fuel, Net 179,529 --- ---
Construction Work in
Progress 372,130 --- 8,246
Leased Property, Net 194,702 --- ---
----------- ----------- -----------
Net Utility Plant 10,790,989 5,595 83,022
----------- ----------- -----------
Current Assets
Cash and Temporary
Cash Investment 40,911 147 119
Accounts Receivable, Net
Customers 114,269 --- ---
Other 74,704 1,729 2,799
Inventories, at Average Cost
Fossil Fuel 67,040 --- ---
Material and Supplies 141,357 --- ---
Deferred Income Taxes 31,008 --- ---
Other 55,303 --- 967
----------- ----------- -----------
Total Current Assets 524,592 1,876 3,885
----------- ----------- -----------
Deferred Debits and Other Assets
Recoverable Deferred
Income Taxes 2,285,830 66 8,325
Deferred Limerick Costs 433,605 --- ---
Deferred Non-Pension Post-
retirement Benefits Costs 43,720 --- ---
Investments 169,704 385 1,001
Investments in Subsidiary
Companies 194,994 74,984 ---
Loss on Reacquired Debt 343,004 --- ---
Other 200,947 1 228
----------- ----------- -----------
Total Deferred Debits
and Other Assets 3,671,804 75,436 9,554
----------- ----------- -----------
TOTAL $14,987,385 $ 82,907 $ 96,461
=========== =========== ===========<PAGE>
<CAPTION>
PECO Energy Company and Subsidiary Companies Exhibit A
Consolidating Balance Sheet 15 of 27
December 31, 1993
(Thousands of Dollars)
Eastern
Conowingo Susquehanna Pennsylvania
Power Electric Development
Company Company Company
<S>
<C> <C> <C> <C>
Assets
Utility Plant, at Original
Cost
Electric $ 109,668 $ 1 $ ---
Gas --- --- ---
Common --- --- ---
----------- ----------- -----------
109,668 1 ---
Less: Accumulated Provision
for Depreciation 32,433 --- ---
----------- ----------- -----------
77,235 1 ---
Nuclear Fuel, Net --- --- ---
Construction Work in
Progress 871 --- ---
Leased Property, Net --- --- ---
----------- ----------- -----------
Net Utility Plant 78,106 1 ---
----------- ----------- -----------
Current Assets
Cash and Temporary
Cash Investment 5,417 329 1
Accounts Receivable, Net
Customers 8,170 142 ---
Other 2,384 10,309 ---
Inventories, at Average Cost
Fossil Fuel --- --- ---
Material and Supplies 247 528 ---
Deferred Income Taxes (804) (19) 2
Other 1,625 310 ---
----------- ----------- -----------
Total Current Assets 17,039 11,599 3
----------- ----------- -----------
Deferred Debits and Other Assets
Recoverable Deferred
Income Taxes 3,334 (187) ---
Deferred Limerick Costs --- --- ---
Deferred Non-Pension Post-
retirement Benefit Costs 603 368 ---
Investments 180 --- ---
Investments in Subsidiary
Companies --- --- 46,739
Loss on Reacquired Debt --- --- ---
Other 20,304 49 ---
----------- ----------- -----------
Total Deferred Debits
and Other Assets 24,421 230 46,739
----------- ----------- -----------
TOTAL $ 119,566 $ 11,830 $ 46,742
=========== =========== ===========<PAGE>
<CAPTION>
PECO Energy Company and Subsidiary Companies Exhibit A
Consolidating Balance Sheet 16 of 27
December 31, 1993
(Thousands of Dollars)
Adwin Adwin Adwin
Investment Realty Equipment
Company Company Company
<S>
<C> <C> <C> <C>
Assets
Utility Plant, at Original
Cost
Electric $ --- $ --- $ ---
Gas --- --- ---
Common --- 75,479 7,128
----------- ----------- -----------
--- 75,479 7,128
Less: Accumulated Provision
for Depreciation --- 6,227 1,726
----------- ----------- -----------
--- 69,252 5,402
Nuclear Fuel, Net --- --- ---
Construction Work in
Progress --- --- ---
Leased Property, Net --- --- ---
----------- ----------- -----------
Net Utility Plant --- 69,252 5,402
----------- ----------- -----------
Current Assets
Cash and Temporary
Cash Investment 6 996 1,079
Accounts Receivable, Net
Customers --- --- ---
Other 64 1,856 1,962
Inventories, at Average Cost
Fossil Fuel --- --- ---
Material and Supplies --- --- ---
Deferred Income Taxes 94 1,092 ---
Other --- --- ---
----------- ----------- -----------
Total Current Assets 164 3,944 3,041
----------- ----------- -----------
Deferred Debits and Other Assets
Recoverable Deferred
Income Taxes --- --- ---
Deferred Limerick Costs --- --- ---
Deferred Non-Pension Post-
retirement Benefit Costs --- --- ---
Investments 3,312 14,010 4,308
Investments in Subsidiary
Companies --- --- ---
Loss on Reacquired Debt --- --- ---
Other --- 931 89
----------- ----------- -----------
Total Deferred Debits
and Other Assets 3,312 14,941 4,397
----------- ----------- -----------
TOTAL $ 3,476 $ 88,137 $ 12,840
=========== =========== ===========<PAGE>
<CAPTION>
PECO Energy Company and Subsidiary Companies Exhibit A
Consolidating Balance Sheet 17 of 27
December 31, 1993
(Thousands of Dollars)
Eastern
Pennsylvania
Exploration
Company
<S>
<C> <C>
Assets
Utility Plant, at Original
Cost
Electric $ ---
Gas ---
Common 19,324
-----------
19,324
Less: Accumulated Provision
for Depreciation 18,948
-----------
376
Nuclear Fuel, Net ---
Construction Work in
Progress ---
Leased Property, Net ---
-----------
Net Utility Plant 376
-----------
Current Assets
Cash and Temporary
Cash Investment 609
Accounts Receivable, Net
Customers 1,063
Other 1
Inventories, at Average Cost
Fossil Fuel ---
Material and Supplies ---
Deferred Income Taxes ---
Other ---
-----------
Total Current Assets 1,673
-----------
Deferred Debits and Other Assets
Recoverable Deferred
Income Taxes ---
Deferred Limerick Costs ---
Deferred Non-Pension Post-
retirement Benefit Costs ---
Investments ---
Investments in Subsidiary
Companies ---
Loss on Reacquired Debt ---
Other ---
-----------
Total Deferred Debits
and Other Assets ---
-----------
TOTAL $ 2,049
===========
/TABLE
<PAGE>
<TABLE>
<CAPTION>
PECO Energy Company and Subsidiary Companies Exhibit A
Consolidating Balance Sheet 18 of 27
December 31, 1993
(Thousands of Dollars)
Consolidated Combined
Totals Eliminations Totals
<S>
<C> <C> <C> <C>
Capitalization and Liabilities
Capitalization
Common Shareholders' Equity
Common Stock $ 3,488,477 $ 84,218 $ 3,572,695
Other Paid-In Capital 1,214 182,820 184,034
Retained Earnings 773,727 49,619 823,346
----------- ----------- -----------
4,263,418 316,657 4,580,075
Preferred and Preference Stock
Without Mandatory
Redemption 422,472 --- 422,472
With Mandatory Redemption 186,500 --- 186,500
Long-Term Debt 4,930,271 --- 4,930,271
Advances from Subsidiary
Companies --- 60 60
----------- ----------- -----------
Total Capitalization 9,802,661 316,717 10,119,378
----------- ----------- -----------
Current Liabilities
Notes Payable, Bank 119,350 --- 119,350
Long-Term Debt Due Within
One Year 258,405 --- 258,405
Capital Lease Obligations
Due Within One Year 60,500 --- 60,500
Accounts Payable 244,712 43,210 287,922
Taxes Accrued 24,899 --- 24,899
Deferred Energy Costs 48,691 --- 48,691
Interest Accrued 97,540 --- 97,540
Dividends Payable 18,345 --- 18,345
Other 90,867 --- 90,867
----------- ----------- -----------
Total Current Liabilities 963,309 43,210 1,006,519
----------- ----------- -----------
Deferred Credits and Other
Liabilities
Capital Lease Obligations 134,202 --- 134,202
Deferred Income Taxes 3,388,661 --- 3,388,661
Unamortized Investment
Tax Credits 386,162 --- 386,162
Pension Obligation for Early
Retirement Plan 135,286 --- 135,286
Non-Pension Postretirement
Benefits Obligation 51,781 --- 51,781
Other 229,404 --- 229,404
----------- ----------- -----------
Total Deferred Credits
and Other Liabilities 4,325,496 --- 4,325,496
----------- ----------- -----------
TOTAL $15,091,466 $ 359,927 $15,451,393
=========== =========== ===========<PAGE>
<CAPTION>
PECO Energy Company and Subsidiary Companies Exhibit A
Consolidating Balance Sheet 19 of 27
December 31, 1993
(Thousands of Dollars)
PECO
PECO Energy Susquehanna
Energy Power Power
Company Company Company
<S>
<C> <C> <C> <C>
Capitalization and Liabilities
Capitalization
Common Shareholders' Equity
Common Stock $ 3,488,477 $ 24,600 $ 47,048
Other Paid-In Capital 1,214 35,700 21,400
Retained Earnings 773,727 7,419 6,536
----------- ----------- -----------
4,263,418 67,719 74,984
Preferred and Preference Stock
Without Mandatory
Redemption 422,472 --- ---
With Mandatory Redemption 186,500 --- ---
Long-Term Debt 4,874,596 9,747 ---
Advances from Subsidiary
Companies --- --- ---
----------- ----------- -----------
Total Capitalization 9,746,986 77,466 74,984
----------- ----------- -----------
Current Liabilities
Notes Payable, Bank 118,000 1,350 ---
Long-Term Debt Due Within
One Year 251,463 800 ---
Capital Lease Obligations
Due Within One Year 60,500 --- ---
Accounts Payable 248,436 2,351 6,803
Taxes Accrued 23,284 242 48
Deferred Energy Costs 50,590 --- ---
Interest Accrued 97,382 158 ---
Dividends Payable 18,345 --- ---
Other 92,198 9 (2,158)
----------- ----------- -----------
Total Current Liabilities 960,198 4,910 4,693
----------- ----------- -----------
Deferred Credits and Other
Liabilities
Capital Lease Obligations 134,202 --- ---
Deferred Income Taxes 3,352,779 44 15,804
Unamortized Investment
Tax Credits 384,001 --- 980
Pension Obligation for Early
Retirement Plan 131,538 --- ---
Non-Pension Postretirement
Benefits Obligation 50,810 --- ---
Other 226,871 487 ---
----------- ----------- -----------
Total Deferred Credits
and Other Liabilities 4,280,201 531 16,784
----------- ----------- -----------
TOTAL $14,987,385 $ 82,907 $ 96,461
=========== =========== ===========<PAGE>
<CAPTION>
PECO Energy Company and Subsidiary Companies Exhibit A
Consolidating Balance Sheet 20 of 27
December 31, 1993
(Thousands of Dollars)
Eastern
Conowingo Susquehanna Pennsylvania
Power Electric Development
Company Company Company
<S>
<C> <C> <C> <C>
Capitalization and Liabilities
Capitalization
Common Shareholders' Equity
Common Stock $ 12,555 $ 10 $ 1
Other Paid-In Capital 11,100 --- 48,591
Retained Earnings 56,294 (110) (1,851)
----------- ----------- -----------
79,949 (100) 46,741
Preferred and Preference Stock
Without Mandatory
Redemption --- --- ---
With Mandatory Redemption --- --- ---
Long-Term Debt --- --- ---
Advances from Subsidiary
Companies --- 60 ---
----------- ----------- -----------
Total Capitalization 79,949 (40) 46,741
----------- ----------- -----------
Current Liabilities
Notes Payable, Bank --- --- ---
Long-Term Debt Due Within
One Year --- --- ---
Capital Lease Obligations
Due Within One Year --- --- ---
Accounts Payable 17,700 10,159 1
Taxes Accrued 1,346 19 ---
Deferred Energy Costs (1,899) --- ---
Interest Accrued --- --- ---
Dividends Payable --- --- ---
Other 214 447 ---
----------- ----------- -----------
Total Current Liabilities 17,361 10,625 1
----------- ----------- -----------
Deferred Credits and Other
Liabilities
Capital Lease Obligations --- --- ---
Deferred Income Taxes 17,938 (429) ---
Unamortized Investment
Tax Credits 1,181 --- ---
Pension Obligation for Early
Retirement Plan 2,442 1,306 ---
Non-Pension Postretirement
Benefits Obligation 603 368 ---
Other 92 --- ---
----------- ----------- -----------
Total Deferred Credits
and Other Liabilities 22,256 1,245 ---
----------- ----------- -----------
TOTAL $ 119,566 $ 11,830 $ 46,742
=========== =========== ===========<PAGE>
<CAPTION>
PECO Energy Company and Subsidiary Companies Exhibit A
Consolidating Balance Sheet 21 of 27
December 31, 1993
(Thousands of Dollars)
Adwin Adwin Adwin
Investment Realty Equipment
Company Company Company
<S>
<C> <C> <C> <C>
Capitalization and Liabilities
Capitalization
Common Shareholders' Equity
Common Stock $ 1 $ 1 $ 1
Other Paid-In Capital 3,500 36,618 8,917
Retained Earnings (78) 1,737 (3,958)
----------- ----------- -----------
3,423 38,356 4,960
Preferred and Preference Stock
Without Mandatory
Redemption --- --- ---
With Mandatory Redemption --- --- ---
Long-Term Debt --- 41,172 4,756
Advances from Subsidiary
Companies --- --- ---
----------- ----------- -----------
Total Capitalization 3,423 79,528 9,716
----------- ----------- -----------
Current Liabilities
Notes Payable, Bank --- --- ---
Long-Term Debt Due Within
One Year --- 5,227 915
Capital Lease Obligations
Due Within One Year --- --- ---
Accounts Payable 53 1,747 497
Taxes Accrued --- --- ---
Deferred Energy Costs --- --- ---
Interest Accrued --- --- ---
Dividends Payable --- --- ---
Other --- 157 ---
----------- ----------- -----------
Total Current Liabilities 53 7,131 1,412
----------- ----------- -----------
Deferred Credits and Other
Liabilities
Capital Lease Obligations --- --- ---
Deferred Income Taxes --- --- 1,236
Unamortized Investment
Tax Credits --- --- ---
Pension Obligation for Early
Retirement Plan --- --- ---
Non-Pension Postretirement
Benefits Obligation --- --- ---
Other --- 1,478 476
----------- ----------- -----------
Total Deferred Credits
and Other Liabilities --- 1,478 1,712
----------- ----------- -----------
TOTAL $ 3,476 $ 88,137 $ 12,840
=========== =========== ===========<PAGE>
<CAPTION>
PECO Energy Company and Subsidiary Companies Exhibit A
Consolidating Balance Sheet 22 of 27
December 31, 1993
(Thousands of Dollars)
Eastern
Pennsylvania
Exploration
Company
<S>
<C> <C>
Capitalization and Liabilities
Capitalization
Common Shareholders' Equity
Common Stock $ 1
Other Paid-In Capital 16,994
Retained Earnings (16,370)
-----------
625
Preferred and Preference Stock
Without Mandatory
Redemption ---
With Mandatory Redemption ---
Long-Term Debt ---
Advances from Subsidiary
Companies ---
-----------
Total Capitalization 625
-----------
Current Liabilities
Notes Payable, Bank ---
Long-Term Debt Due Within
One Year ---
Capital Lease Obligations
Due Within One Year ---
Accounts Payable 175
Taxes Accrued (40)
Deferred Energy Costs ---
Interest Accrued ---
Dividends Payable ---
Other ---
-----------
Total Current Liabilities 135
-----------
Deferred Credits and Other
Liabilities
Capital Lease Obligations ---
Deferred Income Taxes 1,289
Unamortized Investment
Tax Credits ---
Pension Obligation for Early
Retirement Plan ---
Other ---
-----------
Total Deferred Credits
and Other Liabilities 1,289
-----------
TOTAL $ 2,049
===========
/TABLE
<PAGE>
<TABLE>
<CAPTION>
Exhibit A
23 of 27
PECO ENERGY COMPANY AND SUBSIDIARY COMPANIES
SCHEDULE OF CAPITAL STOCK, DECEMBER 31, 1993
NUMBER OF SHARES AMOUNT
AUTHORIZED OUTSTANDING (IN THOUSANDS)
PECO Energy Company
Cumulative Preferred Stock - Without Par (NOTE)
<S>
<C> <C> <C> <C>
$9.875 Series 650,000 390,000 $ 39,000
$7.96 Series 1,400,000 1,400,000 140,000
$7.85 Series 500,000 500,000 50,000
$7.80 Series 750,000 750,000 75,000
$7.75 Series 200,000 200,000 20,000
$7.48 Series 500,000 500,000 50,000
$7.325 Series 750,000 300,000 30,000
$7.0 Series 400,000 248,000 24,800
$6.12 Series 927,000 927,000 92,700
$4.68 Series 150,000 150,000 15,000
$4.4 Series 274,720 274,720 27,742
$4.3 Series 150,000 150,000 15,000
$3.8 Series 300,000 300,000 30,000
Unclassified 8,048,280 --- ---
----------- ----------- ----------
Total Preferred Stock 15,000,000 6,089,720 608,972
Common Stock no par 500,000,000 221,516,299 3,488,477
----------- ----------- ----------
Total Capital Stock $4,097,449
NOTE: Redeemable, at the option of the Company, at the following dollar
amounts per share, plus accrued dividends:
$9.875 Series - $102.50 $7.325 Series - $101.46
$7.85 Series - $101.00 $7.0 Series - $101.00
$7.80 Series - $101.00 $4.68 Series - $104.00
$7.75 Series - $101.00 $4.4 Series - $112.50
$4.3 Series - $102.00
$3.8 Series - $106.00
/TABLE
<PAGE>
<TABLE>
<CAPTION>
PECO ENERGY COMPANY AND SUBSIDIARY COMPANIES Exhibit A
SCHEDULE OF LONG-TERM DEBT, DECEMBER 31, 1993 24 of 27
DUE WITHIN ONE
YEAR INCLUDED
LONG-TERM IN LONG-TERM
DEBT DEBT
(Amount in Thousands)
PECO Energy Commpany:
First and Refunding Mortgage Bonds:
<S>
<C> <C> <C>
4-1/2% Series due 1994 50,000 50,000
8-3/4% Series due 1994 100,000 100,000
13.05% Series due 1994 20,000 20,000
6-1/8% Series due 1997 75,000 ---
5-3/8% Series due 1998 225,000 ---
7-1/2% Series due 1999 250,000 ---
9-1/4% Series due 1999 75,000 ---
10 % Series due 2000 30,069 ---
5-5/8% Series due 2001 225,000 ---
7-3/8% Series due 2001 80,000 ---
8 % Series due 2002 200,000 ---
7-1/2% Series due 2002 100,000 ---
6-1/2% Series due 2003 200,000 ---
6-5/8% Series due 2003 250,000 ---
6-3/8% Series due 2005 75,000 ---
10-1/4% Series due 2007 56,875 4,063
10-1/2% Series due 2014 13,340 ---
10-1/2% Series due 2015 82,560 ---
8.875% Series due 2016 34,000 ---
10 % Series due 2019 71,000 ---
9-7/8% Series due 2019 40,281 ---
10-1/2% Series due 2020 58,150 ---
7-3/8% Series due 2021 90,000 ---
7.60 % Series due 2021 27,030 ---
6.70 % Series due 2021 160,560 ---
6-5/8% Series due 2022 29,540 ---
7-1/8% Series due 2022 200,000 ---
8-1/4% Series due 2022 250,000 ---
8-5/8% Series due 2022 125,000 ---
8-3/4% Series due 2022 150,000 ---
7-1/8% Series due 2023 200,000 ---
7-3/4% Series due 2023 100,000 ---
7-3/4% Series due 2023 250,000 ---
7-1/4% Series due 2024 250,000 ---
Floating Rate Delaware County 50,000 ---
Floating Rate Delaware County 50,000 ---
Floating Rate Delaware County 50,000 ---
Floating Rate Salem County 4,200 ---
---------- --------
4,297,605 174,063
Medium-Term Notes 150,000 65,000
Debentures:
10.05% Series due 1998 62,000 12,400
Notes Payable - Banks 592,000 ---
Pollution Control Notes 65,565 ---
Unamortized Premium on
Long-Term Debt 15 ---
Unamortized Discount on
Long-Term Debt (41,126) ---
---------- --------
Total PECO Energy Company $5,126,059 $251,463
========== ========
PECO Energy Power Company -
a subsidiary:
Sinking Fund Debentures:
4-1/2% Series due 1995 10,550 800
Unamortized Discount on
Long-Term Debt (3) ---
---------- --------
Total PECO Energy Power Co. $ 10,547 $ 800
========== ========
/TABLE
<PAGE>
<TABLE>
<CAPTION>
Exhibit A
25 of 27
PECO ENERGY COMPANY AND SUBSIDIARY COMPANIES
NOTE TO FINANCIAL STATEMENTS
(Thousands of Dollars)
1. Utility Plant in the balance sheet consists of the following:
COMPANY CONSOLIDATED
Plant at Original Cost
<S>
<C> <C> <C>
Electric $12,872,985 $13,102,088
Gas 843,205 843,205
Common, Used in All Services 203,747 305,678
----------- -----------
$13,919,937 $14,250,971
=========== ===========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Exhibit A
26 of 27
PECO ENERGY COMPANY AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET ELIMINATIONS
DECEMBER 31, 1993
(Thousands of Dollars)
Elimination No. 1
<S>
<C> <C> <C>
Capital Stock - Subsidiary Companies, Consolidated $84,218
Investments in Capital Stock of Subsidiary
Companies, Consolidated $84,218
For eliminating investments of PECO Energy Company and Subsidiary
Companies, consolidated, in Capital Stock of Subsidiary Companies, as
follows:
<CAPTION>
Stated Value Investment of
of Capital StockOwning Company
<S>
<C> <C> <C>
Susquehanna Power Company $47,048 -
PECO Energy Power Company 24,600 $47,048
Conowingo Power Company 12,555 -
Susquehanna Electric Company 10 -
Adwin Investment Company 1 -
Adwin Realty Company 1 -
Adwin Equipment Company 1 -
Eastern Pennsylvania Development Company 1 3
Eastern Pennsylvania Exploration Company 1 -
PECO Energy Company - 37,167
--------- ---------
$84,218 $84,218
========= =========
Elimination No. 2
Paid-In Capital - Subsidiary Companies,
Consolidated $182,820
Investments in Paid-In Capital of
Subsidiary Companies, Consolidated $182,820
For eliminating investments of PECO Energy Company and
Subsidiary Companies, consolidated, in Paid-In Capital of Subsidiary
Companies as follows:
<CAPTION>
Paid-In Investment of
Capital Owning Company
<S>
<C> <C> <C>
Susquehanna Power Company $21,400 -
PECO Energy Power Company 35,700 $21,400
Conowingo Power Company 11,100 -
Adwin Investment Company 3,500 -
Adwin Realty Company 36,618 -
Adwin Equipment Company 8,917 -
Eastern Pennsylvania Development Company 48,591 49,035
Eastern Pennsylvania Exploration Company 16,994 -
PECO Energy Company - 112,385
--------- ---------
$182,820 $182,820
========= =========
/TABLE
<PAGE>
<TABLE>
<CAPTION>
Exhibit A
27 of 27
PECO ENERGY COMPANY AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET ELIMINATIONS
DECEMBER 31, 1993
(Thousands of Dollars)
Elimination No. 3
<S>
<C> <C> <C>
Retained Earnings - Undistributed Subsidiary Earnings, $49,619
Consolidated Investments in Retained Earnings of
Subsidiary Companies, Consolidated $49,619
<CAPTION>
For eliminating investments of PECO Energy Company and Subsidiary
Companies, consolidated, in Retained Earnings of Subsidiary Companies, as
follows:
Retained Investment of
Earnings Owning Company
<S>
<C> <C> <C>
Susquehanna Power Company $6,536 -
PECO Energy Power Company 7,420
$6,536
Conowingo Power Company 56,294 -
Susquehanna Electric Company (111) -
Adwin Investment Company (78) -
Adwin Realty Company 1,737 -
Adwin Equipment Company (3,958) -
Eastern Pennsylvania Development Company (1,851) (2,299)
Eastern Pennsylvania Exploration Company (16,370) -
PECO Energy Company - 45,382
$49,619 $49,619
Elimination No. 4
Long-Term Debt - Advances from Subsidiary $60
Companies, Consolidated Investments in
Indebtedness of Subsidiary Companies,
Consolidated $60
<CAPTION>
For eliminating investments of PECO Energy Company and
Subsidiary Companies, consolidated, in Indebtedness of Subsidiary
Investment of
Companies as follows: Advances Owning Company
<S>
<C> <C> <C>
PECO Energy Company - $ 60
Susquehanna Electric Company $ 60 -
$ 60 $ 60
Elimination No. 5
Accounts Payable - Associated Companies, $43,210
Consolidated
Other Deferred Debits 947
Accounts Receivable - Associated Companies,
Consolidated $45,157
<CAPTION>
For adjusting and eliminating intercompany Accounts
Receivable and Payable, as follows: Other
Accounts Accounts Deferred
PayableReceivable Debits
<S>
<C> <C> <C> <C>
PECO Energy Company $ 7,526 $27,223 -
PECO Energy Power Company 2,349 1,677 -
Susquehanna Power Company 6,817 2,799 -
Conowingo Power Company 16,766 2,325 -
Susquehanna Electric Company 9,752 10,133 -
Other Deferred Debits - - $ (947)
-------- -------- ----------
$ 43,210 $44,157 $ (947)
======== ======== ==========
</TABLE>
