ComEd 2015 Annual Report Download - page 350

Table of Contents
Combined Notes to Consolidated Financial Statements—(Continued)
(Dollars in millions, except per share data unless otherwise noted)
(e) Amounts owed to these financing trusts are recorded as Long-term debt to financing trusts within Exelon’s Consolidated Balance Sheets.
Generation
Maturity
Date
December 31,
Rates 2015 2014
Long-term debt
Senior unsecured notes 2.00% — 7.60% 2017-2042 $5,971 $5,771
Pollution control notes 2.50% — 2.70% 2025-2036 435 —
Nuclear fuel procurement contracts 3.15% — 3.35% 2018-2020 127 70
Notes payable and other 1.43% — 7.83% 2016-2035 166 26
Nonrecourse debt:
Fixed rates 2.29% — 6.00% 2031-2037 1,162 1,166
Variable rates 2.42% — 5.00% 2017-2030 1,058 1,101
Total long-term debt 8,919 8,134
Fair value adjustment 127 146
Unamortized debt discount and premium, net (17) (14)
Unamortized debt issuance costs (70) (70)
Long-term debt due within one year (90) (614)
Long-term debt $8,869 $7,582
(a) Includes Generation’s capital lease obligations of $21 million and $24 million at December 31, 2015 and 2014, respectively. Generation will make lease payments of $4 million, $4
million, $4 million, $5 million and $4 million in 2016, 2017, 2018, 2019, 2020, respectively. The capital lease matures in 2020.
(b) Includes financing related to Albany Green Energy, LLC (AGE), which is a consolidated variable interest entity (see Note 2 - Variable Interest Entities for additional information).
The agreement is scheduled to expire on November 17, 2017, at a variable rate equal to LIBOR plus 1.25%. As of December 31, 2015, $100 million was outstanding.
(c) Certain December 31, 2014 balances have been adjusted for the adoption of accounting guidance related to simplifying the presentation of debt costs. See Note 1 - Significant
Accounting Policies for additional information.
ComEd
Maturity
Date
December 31,
Rates 2015 2014
Long-term debt
First mortgage bonds 1.95% — 6.45% 2016-2045 $6,419 $5,829
Notes payable and other 6.95% — 7.49% 2016-2053 148 148
Total long-term debt 6,567 5,977
Unamortized debt discount and premium, net (20) (19)
Unamortized debt issuance costs (38) (33)
Long-term debt due within one year (665) (260)
Long-term debt $5,844 $5,665
Long-term debt to financing trust
Subordinated debentures to ComEd Financing III 6.35% 2033 $ 206 $ 206
Total long-term debt to financing trusts 206 206
Unamortized debt issuance costs (1) (1)
Long-term debt to financing trusts $ 205 $ 205
343
(a)(b)
(c)
(a)
(b)
(c)
(d)
(c)
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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