ComEd 2013 Annual Report Download - page 194

Long-Term Debt
Thefollowingtable presentsthe outstandinglong-termdebtatExelon asofDecember 31,2013 and2012:
Maturity
Date
December 31,
Rates 2013 2012
Long-term debt
FirstMortgageBonds (a)(b) :
Fixedrates............................................. 1.20% — 7.63%2013-2043$ 7,746 $ 7,397
Unsecuredbonds ........................................... 2.80%—6.35% 2013-20361,7501,850
Rate stabilization bonds...................................... 5.68% — 5.82%2016-2017265 332
Senior unsecurednotes...................................... 2.00% — 7.60%2014-20427,5718,021
Pollution control notes:
Fixedrates ................................................ 4.10%201420 20
Non-recoursedebt:
Fixedrates ................................................ 2.33% — 5.50%2031-20371,077 238
Variable rates .......................................... 1.96% — 2.77% 2013-2053150262
Notespayable andother (c) ............................... 4.50% — 7.83%2014-2053181177
Total long-term debt ........................................... 18,76018,297
Unamortizeddebtdiscount andpremium, net .................... (19) (17)
Fairvalue adjustment ........................................ 384 448
Fairvalue hedgecarryingvalue adjustment,net .................. 7 17
Long-termdebtdue within one year ............................ (1,509) (1,047)
Long-term debt ................................................ $17,623 $17,698
Long-term debt to financing trusts (d)
Subordinateddebenturesto ComEd FinancingIII................. 6.35% 2033 $206$ 206
Subordinateddebenturesto PECO TrustIII ..................... 7.38% 20288181
Subordinateddebenturesto PECO TrustIV ..................... 5.75% 2033 103 103
Subordinateddebenturesto BGE Trust......................... 6.20%2043258 258
Total long-term debt to financing trusts .......................... $ 648 $ 648
(a)Substantiallyall ofComEd’s assetsother than expresslyexceptedpropertyandsubstantiallyall of PECO’s assetsare subjecttotheliensoftheirrespectivemortgage
indentures.
(b) IncludesFirstMortgageBonds issuedunder theComEd and PECO mortgageindenturessecuringpollution control bonds andnotes.
(c) Includescapital leaseobligationsof$41million and$30 million at December 31,2013 and2012,respectively. Leasepaymentsof$4million,$4million,$4million,$5
million,$5million and$19million will bemadein 2014, 2015, 2016, 2017, 2018andthereafter,respectively.
(d) Amountsowedto thesefinancingtrustsare recordedasdebttofinancingtrustswithinExelon’s ConsolidatedBalanceSheets.
Long-termdebtmaturitiesat Exelon inthe periods 2014through 2018andthereafter are asfollows:
Year
2014.................................................................................................. $ 1,428
2015.................................................................................................. 1,615
2016.................................................................................................. 1,346
2017.................................................................................................. 1,396
2018.................................................................................................. 1,345
Thereafter ............................................................................................. 12,278(a)
Total .................................................................................................. $19,408
(a)Includes $648 million due to ComEd, PECO and BGE financingtrusts.
Non-Recourse Debt
Thefollowingare descriptionsofactivitywithrespecttocertainindebtedness ofExelon’s projectsubsidiariesthat is outstandingas
ofDecember 31,2013.Theindebtedness describedbelowisspecific to certaingeneratingfacilitiespledgedascollateral witha net
bookvalue ofapproximately$1.9 billion at December 31,2013,andall associatedprojectfinancingliabilitiesare non-recourseto
Exelon andGeneration.
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