ComEd 2006 Annual Report Download - page 281

Exelon Corporation and Subsidiary Companies
Exelon Generation Company, LLC and Subsidiary Companies
Commonwealth Edison Company and Subsidiary Companies
PECO Energy Company and Subsidiary Companies
Combined Notes to Consolidated Financial Statements—(Continued)
(Dollars in millions, except per share data unless otherwise noted)
Preferred and Preference Stock of Subsidiaries
At December 31, 2006 and 2005, ComEd prior preferred stock and ComEd cumulative preference
stock consisted of 850,000 shares and 6,810,451 shares authorized, respectively, none of which was
outstanding.
At December 31, 2006 and 2005, cumulative preferred stock of PECO, no par value, consisted of
15,000,000 shares authorized and the outstanding amounts set forth below. Shares of preferred stock
have full voting rights, including the right to cumulate votes in the election of directors.
Redemption
Price (a)
December 31,
2006 2005 2006 2005
Shares Outstanding Dollar Amount
Series (without mandatory redemption)
$4.68 (Series D) ................................ $104.00 150,000 150,000 $15 $15
$4.40 (Series C) ................................ 112.50 274,720 274,720 27 27
$4.30 (Series B) ................................ 102.00 150,000 150,000 15 15
$3.80 (Series A) ................................ 106.00 300,000 300,000 30 30
Total preferred stock ............................ 874,720 874,720 $87 $87
(a) Redeemable, at the option of PECO, at the indicated dollar amounts per share, plus accrued dividends.
16. Common Stock (Exelon, ComEd and PECO)
At December 31, 2006 and 2005, Exelon’s common stock without par value consisted of
2,000,000,000 shares authorized and 669,863,391 and 666,369,787 shares outstanding, respectively.
At December 31, 2006 and 2005, ComEd’s common stock with a $12.50 par value consisted of
250,000,000 shares authorized and 127,016,519 shares outstanding. At December 31, 2006 and 2005,
PECO’s common stock without par value consisted of 500,000,000 shares authorized and 170,478,507
shares outstanding.
At December 31, 2006 and 2005, ComEd had 75,486 and 75,720 warrants, respectively,
outstanding to purchase ComEd common stock. The warrants entitle the holders to convert such
warrants into common stock of ComEd at a conversion rate of one share of common stock for three
warrants. At December 31, 2006 and 2005, 25,162 and 25,240, respectively, shares of common stock
were reserved for the conversion of warrants.
Stock Split
On January 27, 2004, the Board of Directors of Exelon approved a 2-for-1 stock split of Exelon’s
common stock. The distribution date was May 5, 2004. The share and per-share amounts have been
adjusted for all periods presented to reflect the stock split.
Share Repurchases
Repurchased shares are held as treasury shares and recorded at cost.
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