Exelon 2015 Annual Report Download - page 168

Table of Contents
From time to time and as market conditions warrant, the Registrants may engage in long-term debt retirements via tender offers, open
market repurchases or other viable options to reduce debt on their respective balance sheets.
Dividends.
Cash dividend payments and distributions for the year ended December 31, 2015, 2014 and 2013 by Registrant were as follows:
2015 2014 2013
Exelon $1,105 $1,486 1,249
Generation 2,474 1,066 625
ComEd 299 307 220
PECO 279 320 333
BGE 171 13 13
(a) On April 1, 2014, Generation assumed operational control of CENG’s nuclear fleet. As a result, the 2015 and 2014 activity includes CENG on a fully consolidated basis beginning
April 1, 2014.
(b) Includes dividends paid on BGE’s preference stock.
Quarterly dividends declared by the Exelon Board of Directors during the year ended December 31, 2015 and for the first quarter of 2016
were as follows:
Period Declaration Date
Shareholder of Record
Date Dividend Payable Date Cash per Share
First Quarter 2015 January 27, 2015 February 13, 2015 March 10, 2015 $ 0.31
Second Quarter 2015 April 28, 2015 May 15, 2015 June 10, 2015 $ 0.31
Third Quarter 2015 July 28, 2015 August 14, 2015 September 10, 2015 $ 0.31
Fourth Quarter 2015 October 27, 2015 November 13, 2015 December 10, 2015 $ 0.31
First Quarter 2016 January 26, 2016 February 12, 2016 March 10, 2016 $ 0.31
(a) Exelon’s Board of Directors approved a revised dividend policy. The approved policy would raise our dividend 2.5% each year for the next three years, beginning with the June
2016 dividend. The Board will take formal action to declare the next dividend in the second quarter.
Short-Term Borrowings. Short-term borrowings incurred (repaid) during 2015, 2014 and 2013 by Registrant were as follows:
2015 2014 2013
Generation $— $ 17 $ 13
ComEd (10) 120 184
BGE 90 (15) 135
Other — — —
Exelon $ 80 $122 $332
(a) On April 1, 2014, Generation assumed operational control of CENG’s nuclear fleet. As a result, the 2015 activity includes CENG on a fully consolidated basis.
(b) Other primarily consists of corporate operations and BSC.
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Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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