ComEd 2006 Annual Report Download - page 128

In 2006, Exelon terminated its $300 million term loan agreement. See Note 11 of the Combined
Notes to the Consolidated Financial Statements for further information.
Retirement of Long-Term Debt to Financing Affiliates. Retirement of long-term debt to
financing affiliates during 2006 and 2005 by registrant were as follows:
Year Ended December 31,
2006 2005
Exelon ........................................................... $910 $835
ComEd ........................................................... 339 354
PECO ............................................................ 571 481
Contributions from Parent/Member. Contributions from Parent/Member (Exelon) for the years
ended December 31, 2006 and 2005 by registrant were as follows:
Year Ended December 31,
2006 2005
Generation ........................................................ $ 25 $843
ComEd ........................................................... 37 834
PECO ............................................................ 181 250
Other. Other significant financing activities for Exelon for the year ended December 31, 2006 and
2005 were as follows:
• Exelon purchased treasury shares totaling $186 million and $362 million during 2006 and
2005, respectively.
• Exelon received proceeds from employee stock plans of $184 million and $222 million during
2006 and 2005, respectively.
• There was $60 million and $0 of excess tax benefits included as a cash inflow in other
financing activities during 2006 and 2005, respectively.
Credit Issues
Exelon Credit Facilities
Exelon meets its short-term liquidity requirements primarily through the issuance of commercial
paper by the Registrants. At December 31, 2006, Exelon, Generation, ComEd and PECO have access
to revolving credit facilities with aggregate bank commitments of $1 billion, $5 billion, $1 billion and
$600 million, respectively. These revolving credit agreements are used principally to support the
commercial paper programs at the Registrants and to issue letters of credit. During 2006, ComEd
borrowed and fully repaid $240 million under its credit agreement.
At December 31, 2006, the Registrants had the following aggregate bank commitments and available
capacity under the credit agreements and the indicated amounts of outstanding commercial paper:
Borrower
Aggregate
Bank
Commitment (a)
Available
Capacity (b)
Outstanding
Commercial Paper
Exelon Corporate ................................. $1,000 $ 993 $150
Generation ....................................... 5,000 4,920 —
ComEd .......................................... 1,000 956 60
PECO ........................................... 600 598 95
(a) Represents the total bank commitments to the borrower under credit agreements to which the borrower is a party.
(b) Available capacity represents the unused bank commitments under the borrower’s credit agreements net of outstanding
letters of credit. The amount of commercial paper outstanding does not reduce the available capacity under the credit
agreements.
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