Exelon 2015 Annual Report Download - page 346

Table of Contents
Combined Notes to Consolidated Financial Statements—(Continued)
(Dollars in millions, except per share data unless otherwise noted)
At December 31, 2015, the Registrants had the following aggregate bank commitments, credit facility borrowings and available capacity
under their respective credit facilities:
Available Capacity at
December 31, 2015
Borrower
Aggregate Bank
Commitment Facility Draws
Outstanding
Letters of Credit Actual
To Support
Additional
Commercial
Paper
Exelon Corporate $ 500 $ — $ 26 $ 474 $ 474
Generation 5,725 — 1,449 4,276 4,174
ComEd 1,000 — 2 998 704
PECO 600 — 1 599 599
BGE 600 — — 600 390
Total $ 8,425 $ — $ 1,478 $6,947 $ 6,341
(a) Excludes additional credit facilities for Generation, ComEd, PECO and BGE with aggregate commitments of $50 million, $34 million, $34 million and $5 million, respectively,
arranged with minority and community banks located primarily within ComEd’s, PECO’s and BGE’s service territories. The agreements for these facilities expired on October 16,
2015 and were renewed at the same amount through October 14, 2016. These facilities are solely utilized to issue letters of credit. As of December 31, 2015, letters of credit
issued under these facilities totaled $7 million, $14 million, $21 million and $2 million for Generation, ComEd, PECO and BGE, respectively.
(b) Excludes $275 million bilateral credit facilities that do not back Generation’s commercial paper program.
(c) Excludes nonrecourse debt letters of credit, see discussion below on Continental Wind.
As of December 31, 2015, there were no borrowings under the Registrants’ credit facilities.
The following tables present the short-term borrowings activity for Exelon, Generation, ComEd, and BGE during 2015, 2014 and 2013. PECO
did not have any short-term borrowings during 2015, 2014 or 2013.
Exelon
2015 2014 2013
Average borrowings $ 499 $ 571 $ 254
Maximum borrowings outstanding 739 1,164 682
Average interest rates, computed on a daily basis 0.53% 0.32% 0.37%
Average interest rates, at December 31 0.88% 0.53% 0.35%
Generation
2015 2014 2013
Average borrowings $ 1 $ 93 $ 42
Maximum borrowings outstanding 50 552 291
Average interest rates, computed on a daily basis 0.49% 0.32% 0.32%
Average interest rates, at December 31 n.a. n.a. n.a.
339
(a) (c) (b)
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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