Investors Fact Book - Exelon Corporation

15
Capital Structure and Capitalization Ratios for Exelon and Operating Companies
(at December 31) 2011 2010 2009
Exelon (consolidated) (in millions) (in percent) (in millions) (in percent) (in millions) (in percent) (in percent) (a)
Total Debt $13,405 48.1 $12,828 48.4 $12,594 49.7 48.9
Preferred Securities
of Subsidiaries 87 0.3 87 0.3 87 0.3 0.3
Total Equity 14,388 51.6 13,563 51.2 12,640 49.9 50.8
Total Capitalization $27,880 $26,478 $25,321
Transition Debt $– $– $415
Exelon Generation
Total Debt (b) $3,679 29.7 $3,679 33.9 $2,993 30.6
Total Equity 8,708 70.3 7,177 66.1 6,792 69.4
Total Capitalization $12,387 $10,856 $9,785
ComEd
Total Debt $5,871 45.5 $5,207 43.0 $5,072 42.7
Total Shareholders’ Equity 7,037 54.5 6,910 57.0 6,882 57.6
Total Capitalization $12,908 $12,117 $11,954
PECO
Total Debt (b) $2,381 44.0 $2,631 47.0 $2,820 51.5 47.6
Preferred Securities 87 1.6 87 1.6 87 1.6 1.7
Total Shareholders’ Equity 2,938 54.3 2,883 51.5 2,565 46.9 50.7
Total Capitalization $5,406 $5,601 $5,472
Transition Debt $– $– $415
Note: Percentages may not add due to rounding.
(a) Excluding PECO transition debt.
(b) Includes PECO’s accounts receivable agreement at December 31, 2010 and 2011 of $225 million, which is classified as a short-term note payable.