UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
October 30, 2001
(Date of earliest
event reported)
PECO ENERGY COMPANY
(Exact name of registrant as specified in its charter)
PENNSYLVANIA 1-1401 23-0970240
(State or other (SEC (IRS Employer
jurisdiction of file number) Identification
incorporation) Number)
230l Market Street
Philadelphia, Pennsylvania 19101
(Address of principal executive offices)
Registrant's telephone number, including area code:
(215) 841-4000
ITEM 5. OTHER EVENTS.
On October 30, 2001, PECO Energy Company issued the following press release:
PECO ENERGY SELLS $250 MILLION
PRIVATE PLACEMENT OF MORTGAGE BONDS
Philadelphia (October 30, 2001) - PECO Energy Company announced today that it
sold $250 million of its first mortgage bonds through a private placement.
The first mortgage bonds bear interest at the rate of 5.95% per annum.
Proceeds from the first mortgage bond offering will be used to repay $250
million aggregate principal amount of PECO's First and Refunding Mortgage Bonds,
5 5/8% due November 1, 2001.
The offering of the first mortgage bonds was not registered under the Securities
Act of 1933, and the first mortgage bonds may not be offered or sold in the
United States absent registration or an applicable exemption from the
registration requirements of the Securities Act of 1933.
PECO, an Exelon Company, delivers electricity to 1.5 million customers and
natural gas to 430,000 customers in southeastern Pennsylvania. Based in
Philadelphia, PECO and its sister utility, ComEd in the Chicago area, are
subsidiaries of Exelon Energy Delivery. Its parent, Exelon Corporation, (NYSE:
EXC), is one of the largest energy service companies in the U.S. with the
largest retail utility customer base, one of the largest power generation fleets
and a leading wholesale energy marketing operation in North America. In 2000,
PECO delivered 92.5 billion cubic feet of natural gas and 35.36 million megawatt
hours of electricity, generating $3.5 billion in revenue.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PECO ENERGY COMPANY
/S/ Thomas P. Hill, Jr.
------------------------
Thomas P. Hill, Jr.
Vice President & Chief
Accounting Officer
October 30, 2001