ComEd 2006 Annual Report Download - page 325

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)
(d) ComEd had a note and interest receivable with a variable rate equal to the one month forward LIBOR rate plus 50 basis
points from UII, LLC (successor to Unicom Investments Inc.) relating to ComEd’s December 1999 fossil plant sale. The note
was paid in full during 2004.
(e) ComEd participated in Exelon’s intercompany money pool. ComEd earned interest on its contributions to the money pool
and paid interest on its borrowings from the money pool at a market rate of interest. As of January 10, 2006, ComEd
suspended participation in the intercompany money pool.
(f) ComEd has a long-term receivable from Generation as a result of the nuclear decommissioning contractual construct
whereby, to the extent the assets associated with decommissioning are greater than the applicable ARO at the end of
decommissioning, such amounts are due back to ComEd for payment to ComEd’s customers. See Note 13—Asset
Retirement Obligations for additional information.
(g) ComEd had a payable to Generation representing ComEd’s legal requirements to remit collections of nuclear
decommissioning costs from its customers to Generation. This was fully paid in 2006.
(h) The December 31, 2005 receivable from Exelon for the allocation of tax benefits was settled in 2006. See Note 12 – Income
Taxes for additional information.
PECO
The financial statements of PECO include related-party transactions as presented in the tables
below:
For Year Ended December 31,
2006 2005 2004
Operating revenues from affiliates
Generation (a) ............................................... $ 8 $ 8 $ 9
PETT (b) .................................................... 7 9 10
Total operating revenues from affiliates .......................... $ 15 $ 17 $ 19
Purchased power from affiliate
Generation (c) ................................................ $1,811 $1,670 $1,447
Fuel from affiliate
Generation (d) ............................................... — 1 17
Operating and maintenance from affiliates
BSC (e) ..................................................... 129 108 106
Generation ................................................. 1 1 1
Total operating and maintenance from affiliates ................... $ 130 $ 109 $ 107
Interest expense to affiliates, net
PETT ...................................................... $ 180 $ 212 $ 235
PECO Trust III ............................................... 6 6 6
PECO Trust IV .............................................. 6 6 6
Other ...................................................... 1 (1) —
Total interest expense to affiliates, net ........................... $ 193 $ 223 $ 247
Equity in losses of unconsolidated affiliates
PETT ...................................................... $ (9) $ (16) $ (25)
Capitalized costs
BSC (e) ..................................................... $ 54 $ 41 $ 22
Cash dividends paid to parent ...................................... $ 502 $ 469 $ 391
Cash contributions received from parent ............................. 181 250 312
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