Exelon 2015 Annual Report Download - page 351

Table of Contents
Combined Notes to Consolidated Financial Statements—(Continued)
(Dollars in millions, except per share data unless otherwise noted)
(a) Substantially all of ComEd’s assets other than expressly excepted property are subject to the lien of its mortgage indenture.
(b) Includes ComEd’s capital lease obligations of $8 million at both December 31, 2015 and 2014, respectively. Lease payments of less than $1 million will be made from 2016
through expiration at 2053.
(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.
(d) Amount owed to this financing trust is recorded as Long-term debt to financing trust within ComEd’s Consolidated Balance Sheets.
PECO
Maturity
Date
December 31,
Rates 2015 2014
Long-term debt
First mortgage bonds 1.20% — 5.95% 2016-2044 $2,600 $2,250
Total long-term debt 2,600 2,250
Unamortized debt discount and premium, net (5) (4)
Unamortized debt issuance costs (15) (14)
Long-term debt due within one year (300) —
Long-term debt $2,280 $2,232
Long-term debt to financing trusts
Subordinated debentures to PECO Trust III 7.38% 2028 $ 81 $ 81
Subordinated debentures to PECO Trust IV 5.75% 2033 103 103
Long-term debt to financing trusts $ 184 $ 184
(a) Substantially all of PECO’s assets are subject to the lien of its mortgage indenture.
(b) 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.
(c) Amounts owed to this financing trust are recorded as Long-term debt to financing trusts within PECO’s Consolidated Balance Sheets.
BGE
Maturity
Date
December 31,
Rates 2015 2014
Long-term debt
Rate stabilization bonds 5.72% — 5.82% 2017 $ 120 $ 195
Senior unsecured notes 2.80% — 6.35% 2016-2036 1,750 1,750
Total long-term debt 1,870 1,945
Unamortized debt discount and premium, net (3) (3)
Unamortized debt issuance costs (9) (10)
Long-term debt due within one year (378) (75)
Long-term debt $1,480 $1,857
Long-term debt to financing trusts
Subordinated debentures to BGE Capital Trust II 6.20% 2043 $ 258 $ 258
Total long-term debt to financing trusts 258 258
Unamortized debt issuance costs (6) (6)
Long-term debt to financing trusts $ 252 $ 252
344
(a)
(b)
(c)
(a)
(b)
(a)
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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