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 September 28, 2015 - 4:14 PM EDT
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PECO Announces Offering of $350 Million First and Refunding Mortgage Bonds

PECO today announced that it has priced $350 million of first and refunding mortgage bonds with an interest rate of 3.150 percent due Oct. 15, 2025. The net proceeds from the sale of the bonds will be used for general corporate purposes. The offering is scheduled to close on Oct. 5, 2015.

Credit Suisse Securities (USA) LLC, Mitsubishi UFJ Securities (USA), Inc., and Scotia Capital (USA) Inc. are leading the offering as active joint book-running managers. Morgan Stanley & Co. LLC and Mizuho Securities USA Inc. are serving as passive joint book-running managers. PNC Capital Markets LLC is serving as senior co-manager for the offering, and Drexel Hamilton, LLC and The Williams Capital Group, L.P. are serving as co-managers for the offering.

An automatic shelf registration statement relating to the sale of the bonds became effective upon filing with the Securities and Exchange Commission on May 23, 2014. The offering is being made by means of a prospectus supplement and an accompanying prospectus. Copies of the prospectus supplement and accompanying prospectus relating to the offering may be obtained by calling Credit Suisse Securities (USA) LLC at 1-800-221-1037, Mitsubishi UFJ Securities (USA), Inc. at 1-877- 649-6848, and Scotia Capital (USA) Inc. at 1-800-372-3930. This announcement does not constitute an offer to sell, or the solicitation of an offer to buy, any of these securities.

Cautionary Statements Regarding Forward-Looking Information

This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties. The factors that could cause actual results to differ materially from the forward-looking statements made by PECO include those discussed herein as well as the items discussed in (1) PECO’s 2014 Annual Report on Form 10-K in (a) ITEM 1A. Risk Factors, (b) ITEM 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations and (c) ITEM 8. Financial Statements and Supplementary Data: Note 22; (2) PECO’s Second Quarter 2015 Quarterly Report on Form 10-Q in (a) Part II, Other Information, ITEM 1A. Risk Factors; (b) Part 1, Financial Information, ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operation and (c) Part I, Financial Information, ITEM 1. Financial Statements: Note 19; and (3) other factors discussed in filings with the Securities and Exchange Commission by PECO. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this Press Release. PECO undertakes no obligation to publicly release any revision to its forward-looking statements to reflect events or circumstances after the date of this Press Release.

Based in Philadelphia, PECO is an electric and natural gas utility subsidiary of Exelon Corporation (NYSE: EXC). PECO serves 1.6 million electric and more than 506,000 natural gas customers in southeastern Pennsylvania and employs about 2,400 people in the region. PECO delivered 89.9 billion cubic feet of natural gas and 37.5 billion kilowatt-hours of electricity in 2014. Founded in 1881, PECO is one of the Greater Philadelphia Region's most active corporate citizens, providing leadership, volunteer and financial support to numerous arts and culture, education, environmental, economic development and community programs and organizations.

If you are a member of the media and would like to receive PECO news releases via e-mail please send your e-mail address to

Exelon Investor Relations
Francis Idehen, 312-394-3967
PECO Communications
Ben Armstrong, 215-841-5555

Source: Business Wire (September 28, 2015 - 4:14 PM EDT)

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