Exelon 2001 Annual Report Download - page 95

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93
(25) Subsequent Events
On February 1, 2002, ComEd called $200 million of its First Mortgage Bonds at the redemption price of 103.84% of the
principal amount, plus accrued interest to the March 21, 2002 redemption date.The bonds, which carried an interest rate of
8.625% and had a maturity date of February 1, 2022, are expected to be refinanced with long-term debt.
On March 1, 2002, Enterprises announced an agreement to sell its 49% interest in AT&T Wireless PCS of Philadelphia, LLC
for $285 million in cash. The transaction is expected to close in the first half of 2002. Enterprises expects to record a pre-tax
gain of approximately $200 million on the sale ($120 million after income taxes) resulting in an increase in diluted earnings
per share in 2002 of $0.37. Proceeds from the transaction will be used for Exelon’s general corporate purposes.