ComEd 2006 Annual Report Download - page 134

Generation
The following table summarizes Generation’s future estimated cash payments under existing
contractual obligations, including payments due by period.
Total
Payment Due within Due 2012
and beyond(in millions) 2007 2008-2009 2010-2011
Long-term debt ............................ $ 1,749 $ 10 $ 19 $ 700 $1,020
Interest payments on long-term debt (a) ........ 786 96 190 138 362
Capital leases ............................. 44 2 4 4 34
Operating leases .......................... 503 34 61 53 355
Purchase power obligations (b) ................ 7,802 1,967 1,492 1,134 3,209
Fuel purchase agreements .................. 4,516 830 1,317 1,104 1,265
Other purchase commitments (c) .............. 277 165 50 38 24
Pension ERISA minimum funding requirement . . 24 24 — — —
Spent nuclear fuel obligations ................ 950 — — — 950
Total contractual obligations ................. $16,651 $3,128 $3,133 $3,171 $7,219
(a) Interest payments are estimated based on final maturity dates of debt securities outstanding at December 31, 2006 and do
not reflect anticipated future refinancing, early redemptions or debt issuances. Variable rate interest obligations are
estimated based on rates as of December 31, 2006.
(b) Net capacity purchases include tolling agreements that are accounted for as operating leases. Amounts presented in the
commitments represent Generation’s expected payments under these arrangements at December 31, 2006. Expected
payments include certain capacity charges which are contingent on plant availability.
(c) Commitments for services, materials and information technology.
ComEd
The following table summarizes ComEd’s future estimated cash payments under existing
contractual obligations, including payments due by period.
Payment due within Due 2012
and beyondTotal 2007 2008-2009 2010-2011
Long-term debt .............................. $3,597 $147 $ 434 $560 $2,456
Long-term debt to financing trusts ............... 1,009 308 340 — 361
Interest payments on long-term debt (a) ........... 1,970 192 346 326 1,106
Interest payments on long-term debt to financing
trusts (a) ................................... 655 57 64 52 482
Operating leases ............................. 143 19 38 30 56
Other purchase commitments (b) ................ 38 27 7 4 —
Chicago agreement (c) ......................... 36 6 12 12 6
Total contractual obligations .................... $7,448 $756 $1,241 $984 $4,467
(a) Interest payments are estimated based on final maturity dates of debt securities outstanding at December 31, 2006 and do
not reflect anticipated future refinancing, early redemptions or debt issuances.
(b) Other purchase commitments include commitments for services, materials and information technology. Other purchase
commitments do not include ComEd’s supplier forward contracts as these contracts do not require purchases of fixed or
minimum quantities. See Notes 4 and 18 of the Combined Notes to the Consolidated Financial Statements for further detail
on ComEd’s supplier forward contracts.
(c) On February 20, 2003, ComEd entered into separate agreements with Chicago and with Midwest Generation (Midwest
Agreement). Under the terms of the agreement with Chicago, ComEd will pay Chicago $60 million over ten years to be
relieved of a requirement, originally transferred to Midwest Generation upon the sale of ComEd’s fossil stations in 1999, to
build a 500-MW generation facility.
129