ComEd 2006 Annual Report Download - page 311

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)
Non-cash investing and financing activities
Change in asset retirement cost ............................... $829 $829 $— $—
Resolution of certain tax matters and PECO/Unicom merger
severance adjustment ...................................... 14 — 14 —
Purchase accounting adjustments .............................. 36 22 — —
Disposition of Boston Generating (a) ............................. 102 102 — —
Note cancelled in conjunction with the acquisition of Sithe
International from Sithe ..................................... 92 92 — —
Consolidation of Sithe pursuant to FIN 46-R ...................... 85 85 — —
Non-cash issuance of common stock ........................... 26 — — —
Issuance of note payable to acquire synthetic fuel interests ......... 22 — — —
Capital lease obligations ...................................... 1 1 — —
Non-cash distribution to member ............................... — 4 — —
(a) See Note 2—Acquisitions and Dispositions for additional information regarding the disposition of Boston Generating.
Impairment charges
For the year ended December 31, 2004, $10 million of the $11 million impairment charges amount
in Exelon’s Consolidated Statements of Cash Flows relates to the impairment of investments held by
Exelon.
Supplemental Balance Sheet Information
The following tables provide additional information about assets and liabilities of the Registrants’
as of December 31, 2006 and 2005.
December 31, 2006 Exelon Generation ComEd PECO
Investments
Equity method investments:
Direct financing leases ................................. $529 $ — $— $—
Financing trusts (a) .................................... 84 — 20 64
TEG and TEP (b) ...................................... 81 81 — —
Keystone (d) .......................................... 8 8 — —
Conemaugh (e) ....................................... 7 7 — —
NuStart Energy Development, LLC ....................... 1 1 — —
Total equity method investments ......................... 710 97 20 64
Other investments:
Employee benefit trusts and investments(c) ................ 97 15 44 21
Other ............................................... 3 3 — —
Total investments ......................................... $810 $115 $ 64 $ 85
(a) Includes investments in financing trusts which were not consolidated within the financial statements of Exelon at
December 31, 2006 pursuant to the provisions of FIN 46-R. See Note 1—Significant Accounting Policies for further
discussion of the effects of FIN 46-R.
(b) Generation acquired 49.5% interests in two facilities in Mexico on October 13, 2004, and on February 9, 2007, Generation
sold its ownership interests in TEG and TEP. See Note 2—Acquisitions and Dispositions for additional information.
(c) The Registrants’ investments in these marketable securities are recorded at fair market value.
(d) Keystone Fuels, LLC (Keystone)
(e) Conemaugh Fuels, LLC (Conemaugh)
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