Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34 Filing Table of Contents
Document/ExhibitDescriptionPagesSize
1: 10-Q Quarterly Report HTML 9.82M
2: EX-3.1 Articles of Incorporation/Organization or Bylaws HTML 73K
3: EX-10.1 Material Contract HTML 75K
4: EX-10.2 Material Contract HTML 62K
5: EX-10.3 Material Contract HTML 75K
6: EX-10.4 Material Contract HTML 78K
7: EX-10.5 Material Contract HTML 81K
8: EX-31.1 Certification Filed by Christopher M. Crane for HTML 53K
Exelon Corporation
17: EX-31.10 Certification Filed by David M. Vahos for HTML 53K
Baltimore Gas and Electric Company
18: EX-31.11 Certification Filed by David M. Velazquez for HTML 53K
Pepco Holdings LLC
19: EX-31.12 Certification Filed by Phillip S. Barnett for HTML 53K
Pepco Holdings LLC
20: EX-31.13 Certification Filed by David M. Velazquez for HTML 53K
Potomac Electric Power Company
21: EX-31.14 Certification Filed by Phillip S. Barnett for HTML 53K
Potomac Electric Power Company
22: EX-31.15 Certification Filed by David M. Velazquez for HTML 53K
Delmarva Power & Light Company
23: EX-31.16 Certification Filed by Phillip S. Barnett for HTML 53K
Delmarva Power & Light Company
24: EX-31.17 Certification Filed by David M. Velazquez for HTML 53K
Atlantic City Electric Company
25: EX-31.18 Certification Filed by Phillip S. Barnett for HTML 53K
Atlantic City Electric Company
9: EX-31.2 Certification Filed by Joseph Nigro for Exelon HTML 53K
Corporation
10: EX-31.3 Certification Filed by Kenneth W. Cornew for HTML 53K
Exelon Generation Company, LLC
11: EX-31.4 Certification Filed by Bryan P. Wright for Exelon HTML 53K
Generation Company, LLC
12: EX-31.5 Certification Filed by Joseph Dominguez for HTML 53K
Commonwealth Edison Company
13: EX-31.6 Certification Filed by Jeanne M. Jones for HTML 53K
Commonwealth Edison Company
14: EX-31.7 Certification Filed by Michael A. Innocenzo for HTML 53K
Peco Energy Company
15: EX-31.8 Certification Filed by Robert J. Stefani for Peco HTML 53K
Energy Company
16: EX-31.9 Certification Filed by Calvin G. Butler, Jr. for HTML 53K
Baltimore Gas and Electric Co
26: EX-32.1 Certification Filed by Christopher M. Crane for HTML 48K
Exelon Corporation
35: EX-32.10 Certification Filed by David M. Vahos for HTML 48K
Baltimore Gas and Electric Company
36: EX-32.11 Certification Filed by David M. Velazquez for HTML 48K
Pepco Holdings LLC
37: EX-32.12 Certification Filed by Phillip S. Barnett for HTML 48K
Pepco Holdings LLC
38: EX-32.13 Certification Filed by David M. Velazquez for HTML 48K
Potomac Electric Power Company
39: EX-32.14 Certification Filed by Phillip S. Barnett for HTML 48K
Potomac Electric Power Company
40: EX-32.15 Certification Filed by David M. Velazquez for HTML 48K
Delmarva Power & Light Company
41: EX-32.16 Certification Filed by Phillip S. Barnett for HTML 48K
Delmarva Power & Light Company
42: EX-32.17 Certification Filed by David M. Velazquez for HTML 48K
Atlantic City Electric Company
43: EX-32.18 Certification Filed by Phillip S. Barnett for HTML 48K
Atlantic City Electric Company
27: EX-32.2 Certification Filed by Joseph Nigro for Exelon HTML 48K
Corporation
28: EX-32.3 Certification Filed by Kenneth W. Cornew for HTML 48K
Exelon Generation Company, LLC
29: EX-32.4 Certification Filed by Bryan P. Wright for Exelon HTML 48K
Generation Company, LLC
30: EX-32.5 Certification Filed by Joseph Dominguez for HTML 48K
Commonwealth Edison Company
31: EX-32.6 Certification Filed by Jeanne M. Jones for HTML 48K
Commonwealth Edison Company
32: EX-32.7 Certification Filed by Michael A. Innocenzo for HTML 48K
Peco Energy Company
33: EX-32.8 Certification Filed by Robert J. Stefani for Peco HTML 48K
Energy Company
34: EX-32.9 Certification Filed by Calvin G. Butler, Jr. for HTML 48K
Baltimore Gas and Electric Co
121: R1 Cover Page HTML 149K
52: R2 Consolidated Statements of Operations and HTML 323K
Comprehensive Income (Unaudited)
94: R3 Consolidated Statements of Cash Flows (Unaudited) HTML 272K
133: R4 Consolidated Balance Sheets (Unaudited) HTML 466K
120: R5 Consolidated Balance Sheets (Unaudited) HTML 81K
(Parenthetical)
51: R6 Consolidated Statements of Changes in Shareholders HTML 325K
Equity (Unaudited)
93: R7 Consolidated Statements of Changes in Shareholders HTML 50K
Equity (Unaudited) (Parenthetical)
134: R8 Significant Accounting Policies HTML 92K
119: R9 Variable Interest Entities (Exelon, Generation, HTML 261K
PHI and ACE)
88: R10 Mergers, Acquisitions and Dispositions (Exelon and HTML 57K
Generation)
74: R11 Revenue from Contracts with Customers (All HTML 93K
Registrants)
111: R12 Leases (All Registrants) HTML 481K
153: R13 Regulatory Matters (All Registrants) HTML 179K
89: R14 Asset Impairments (Exelon and Generation) HTML 55K
75: R15 Early Plant Retirements (Exelon and Generation) HTML 92K
112: R16 Fair Value of Financial Assets and Liabilities HTML 1.52M
(All Registrants)
155: R17 Derivative Financial Instruments (All Registrants) HTML 250K
90: R18 Debt and Credit Agreements (All Registrants) HTML 116K
73: R19 Income Taxes (All Registrants) HTML 297K
123: R20 Nuclear Decommissioning (Exelon and Generation) HTML 69K
135: R21 Retirement Benefits (All Registrants) HTML 173K
91: R22 Changes in Accumulated Other Comprehensive Income HTML 173K
(Exelon)
49: R23 Commitments and Contingencies (All Registrants) HTML 365K
124: R24 Supplemental Financial Information (All HTML 877K
Registrants)
136: R25 Segment Information (All Registrants) HTML 1.47M
92: R26 Significant Accounting Policies (Policies) HTML 77K
50: R27 Variable Interest Entities (Tables) HTML 237K
122: R28 Revenue from Contracts with Customers (Tables) HTML 89K
138: R29 Leases (Tables) HTML 428K
161: R30 Regulatory Matters (Tables) HTML 140K
114: R31 Early Plant Retirements (Tables) HTML 83K
72: R32 Fair Value of Financial Assets and Liabilities HTML 1.53M
(Tables)
85: R33 Derivative Financial Instruments (Tables) HTML 222K
160: R34 Debt and Credit Agreements (Tables) HTML 112K
113: R35 Income Taxes (Tables) HTML 301K
71: R36 Nuclear Decommissioning (Tables) HTML 57K
84: R37 Retirement Benefits (Tables) HTML 174K
156: R38 Changes in Accumulated Other Comprehensive Income HTML 174K
(Tables)
115: R39 Commitments and Contingencies (Tables) HTML 334K
141: R40 Supplemental Financial Information (Tables) HTML 883K
126: R41 Segment Information (Tables) HTML 1.47M
60: R42 Variable Interest Entities - Narrative (Details) HTML 67K
102: R43 Variable Interest Entities - Assets and HTML 238K
Liabilities of VIES which Creditors or
Beneficiaries have no Recourse (Details)
140: R44 Variable Interest Entities - Summary of HTML 81K
Significant Unconsolidated VIEs (Details)
125: R45 Mergers, Acquisitions and Dispositions - HTML 55K
Acquisitions Narrative (Details)
59: R46 Mergers, Acquisitions and Dispositions - HTML 86K
Dispositions Narrative (Details)
101: R47 Revenue from Contracts with Customers - Change in HTML 68K
Contract with Customer, Asset and Liability
(Details)
139: R48 Revenue from Contracts with Customers - HTML 70K
Performance Obligations (Details)
127: R49 Leases Lessee - Narrative (Details) HTML 110K
105: R50 Leases Lessee - Components of Lease Cost (Details) HTML 96K
146: R51 Leases Lessee - Supplemental Balance Sheet HTML 119K
Information Related to Lessee Right-of-Use Assets
and Lease Liabilities (Details)
82: R52 Leases Lessee - Future Minimum Operating Lease HTML 101K
Maturity Payments (Details)
67: R53 Leases Lessee - 2018 Schedule of Minimum Future HTML 107K
Operating Lease Payments (Details)
106: R54 Leases Lessee - Supplemental Cash Flow Information HTML 71K
Related to Leases (Details)
147: R55 Leases Lessor - Narrative (Details) HTML 95K
83: R56 Leases Lessor - Components of Operating Lease HTML 71K
Income (Details)
68: R57 Leases Lessor - Future Minimum Operating Lease HTML 93K
Maturity Payments (Details)
103: R58 Regulatory Matters - Narrative (Details) HTML 199K
148: R59 Regulatory Matters Schedule of Completed Rate HTML 99K
Cases (Details) (Details)
95: R60 Regulatory Matters Schedule of Pending Rate Cases HTML 103K
(Details) (Details)
55: R61 Regulatory Matters - Annual Electric Transmission HTML 84K
Fillings (Details)
128: R62 Regulatory Matters Energy Efficiency Formula Rate HTML 67K
(Details)
142: R63 Regulatory Matters - Capitalized Ratemaking Amount HTML 65K
Not Recognized (Details)
98: R64 Asset Impairments - Narrative (Details) HTML 87K
58: R65 Early Plant Retirements - Narrative (Details) HTML 52K
131: R66 Early Plant Retirements - Pretax Expense (Details) HTML 66K
145: R67 Early Plant Retirements - Implications of HTML 68K
Potential Early Plant Retirement on Balance Sheet
(Details)
99: R68 Fair Value of Financial Assets and Liabilities - HTML 67K
Narrative (Details)
53: R69 Fair Value of Financial Assets and Liabilities - HTML 136K
Fair Value of Financial Liabilities Recorded at
Amortized Cost (Details)
64: R70 Fair Value of Financial Assets and Liabilities - HTML 714K
Fair Value Measurements of Assets and Liabilities,
Recurring and Nonrecurring (Details)
81: R71 Fair Value of Financial Assets and Liabilities - HTML 156K
Fair Value Assets Liabilities Measured On
Recurring Basis Unobservable Input Reconciliation
(Details)
152: R72 Fair Value of Financial Assets and Liabilities - HTML 82K
Fair Value Assets And Liabilities Measured On
Recurring Basis Gain Loss Included In Earnings
(Details)
110: R73 Fair Value of Financial Assets and Liabilities - HTML 109K
Fair Value Inputs Assets Quantitative Information
(Details)
61: R74 Derivative Financial Instruments - Summary of HTML 105K
Derivative Fair Value Balances (Details)
78: R75 Derivative Financial Instruments - Summary of HTML 61K
Economic Hedges (Details)
149: R76 Derivative Financial Instruments - Summary of HTML 83K
Credit Risk Exposure (Details)
107: R77 Derivative Financial Instruments - Summary of HTML 57K
Credit Risk Related Contingent Features (Details)
66: R78 Derivative Financial Instruments - Narrative HTML 101K
(Details)
77: R79 Derivative Financial Instruments Derivative HTML 66K
Financial Instruments - Summary of Cash Collateral
and Letters of Credit (Details)
63: R80 Debt and Credit Agreements - Narrative (Details) HTML 72K
80: R81 Debt and Credit Agreements - Commercial Paper HTML 72K
Borrowings (Details)
151: R82 Debt and Credit Agreements - Issuance of Long-Term HTML 82K
Debt (Details)
109: R83 Income Taxes - Narrative (Details) HTML 77K
62: R84 Income Taxes - Reconciliation to Effective Tax HTML 145K
Rate (Details)
79: R85 Income Taxes - Accounting for Uncertainty in HTML 58K
Income Taxes (Details)
150: R86 Income Taxes Income Taxes - Reasonably possible HTML 58K
the total amount of unrecognized tax benefits
could significantly increase or decrease within 12
months after the reporting date (Details)
108: R87 Income Taxes Income Taxes - Other Income Tax HTML 55K
Matters (Details)
65: R88 Nuclear Decommissioning - Narrative (Details) HTML 96K
76: R89 Nuclear Decommissioning - Rollforward of Nuclear HTML 93K
Decommissioning ARO (Details)
96: R90 Retirement Benefits - Narrative (Details) HTML 68K
56: R91 Retirement Benefits - Calculation of Net Periodic HTML 82K
Benefit Cost (Details)
129: R92 Retirement Benefits - Allocated Portion of Pension HTML 82K
and Postretirement Benefit Plan Costs (Details)
143: R93 Retirement Benefits - Defined Contribution Savings HTML 70K
Plans (Details)
97: R94 Changes in Accumulated Other Comprehensive Income HTML 113K
- Schedule of Changes in AOCI (Details)
57: R95 Changes in Accumulated Other Comprehensive Income HTML 57K
- Components of Other Comprehensive Income (Loss)
(Details)
130: R96 Commitments and Contingencies - Narrative HTML 118K
(Details)
144: R97 Commitments and Contingencies - Merger Commitment HTML 68K
(Details)
100: R98 Commitments and Contingencies - Schedule of HTML 190K
Commercial Commitments (Details)
54: R99 Commitments and Contingencies - Schedule of HTML 79K
Accruals for Environmental Matters (Details)
158: R100 Supplemental Financial Information - Utility Taxes HTML 79K
(Details)
117: R101 Supplemental Financial Information - Operations HTML 89K
(Detail)
70: R102 Supplemental Financial Information - Cash Flow HTML 152K
(Details)
87: R103 Supplemental Financial Information - Balance Sheet HTML 126K
(Details)
157: R104 Segment Information - Narrative (Details) HTML 52K
116: R105 Segment Information - Reconciliation to HTML 394K
Consolidated Financial Statements (Details)
69: R106 Segment Information - Generation Total Revenues HTML 133K
(Details)
86: R107 Segment Information - Generation Total Revenues HTML 99K
Net of Purchased Power and Fuel Expense (Details)
159: R108 Segment Information - Electric and Gas Revenue by HTML 279K
Customer Class (Details)
154: XML IDEA XML File -- Filing Summary XML 257K
118: XML XBRL Instance -- exc-20190930x10q_htm XML 25.50M
104: EXCEL IDEA Workbook of Financial Reports XLSX 284K
45: EX-101.CAL XBRL Calculations -- exc-20190930_cal XML 432K
46: EX-101.DEF XBRL Definitions -- exc-20190930_def XML 2.45M
47: EX-101.LAB XBRL Labels -- exc-20190930_lab XML 3.20M
48: EX-101.PRE XBRL Presentations -- exc-20190930_pre XML 2.60M
44: EX-101.SCH XBRL Schema -- exc-20190930 XSD 358K
137: JSON XBRL Instance as JSON Data -- MetaLinks 650± 1.07M
132: ZIP XBRL Zipped Folder -- 0001109357-19-000112-xbrl Zip 1.25M
Exelon Corporation, a Pennsylvania corporation (the “Company”), hereby grants [NAME], (the “Holder”) as of [DATE], (the “Grant Date”), pursuant to the provisions of the Exelon Corporation 2011 Long-Term Incentive Plan, as amended and restated effective December 18, 2014, as amended (the “Plan”), a restricted stock award (the “Award”)
of [WRITTEN NUMBER] ([NUMERICAL NUMBER]) restricted shares of the Company's common stock, without par value (“Common Stock”), upon and subject to the terms and conditions set forth below. Capitalized terms not defined herein shall have the meanings specified in the Plan.
1. Award Subject to Acceptance of Agreement. The Award shall be subject to all the terms of this Agreement and the Plan.
2. Rights as a Stockholder. The Holder shall have the right to vote the shares of Common Stock subject to the Award and to receive dividends and other distributions thereon unless and until such shares are forfeited pursuant to Section 3.2 hereof; provided, however, that a dividend or distribution
with respect to shares (including, without limitation, a stock dividend or stock split), other than a regular cash dividend, shall be delivered to the Company (and the Holder shall, if requested by the Company, execute and return one or more irrevocable stock powers related thereto) and shall be subject to the same restrictions as the shares of Common Stock with respect to which such dividend or distribution was made.
3. Restriction Period -- Vesting Dates and Vesting.
3.1. Vesting Dates. Subject to Section 3.2 below, all of the shares of Common Stock subject to the Award shall vest and the restrictions thereon shall lapse on the [FIFTH] anniversary of the Grant Date.
3.2. Forfeiture/Accelerated
Vesting of Non-Vested Shares.
(a) If Holder terminates his or her employment with the Company or any successor thereto for any reason prior to the [FIFTH] anniversary of the Grant Date, all non-vested shares of Common Stock subject to the Award will be forfeited.
(b) If Holder's employment with the Company or any successor thereto terminates prior to the [FIFTH] anniversary of the Grant Date on account of Holder's death or disability, the Award will become fully vested as of the date of such termination of employment.
(c) If the Company or any successor thereto terminates Holder's employment prior to the [FIFTH] anniversary of the Grant date for any reason other than Cause or poor performance as determined by the Company in accordance with applicable personnel policy, the Award will become fully vested as of
the date of such termination of employment.
4. Termination of Award. In the event that the Holder shall forfeit any shares of Common Stock subject to the Award pursuant to Section 3.2, this Award shall immediately terminate. The Holder shall, upon the Company's request, promptly return this Agreement to the Company for cancellation. Such cancellation shall, however, be effective regardless of whether the Holder returns this Agreement.
5. Additional Terms and Conditions of Award.
5.1. Nontransferability of Award. This Award may not be sold, transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed of (whether by operation of law or
otherwise) or be subject to execution, attachment or similar process. Upon any attempt to so sell, transfer, assign, pledge, hypothecate or encumber, or otherwise dispose of this Award or any shares of Common Stock subject hereto that have not vested and been issued pursuant to Section 5.5, this Award and any obligation of the Company with respect to the shares subject hereto shall immediately become null and void.
1
5.2. Withholding Taxes.
(a) As a condition precedent to the delivery to the Holder of any shares of Common Stock subject to the Award, the Holder shall, upon request by the Company, pay to the Company (or shall cause a broker-dealer on behalf of the Holder to pay to
the Company) such amount of cash as the Company may be required, under all applicable federal, state, local or other laws or regulations, to withhold and pay over as income or other withholding taxes (the “Required Tax Payments”) with respect to the Award. If the Holder shall fail to advance the Required Tax Payments after request by the Company, the Company may, in its discretion, deduct any Required Tax Payments from any amount then or thereafter payable by the Company to the Holder.
(b) The Holder may elect to satisfy his or her obligation to advance the Required Tax Payments by any of the following means: (1) a cash payment to the Company pursuant to Section 5.2(a), (2) delivery to the Company of previously owned whole shares of Common Stock (which the Holder has held for at least six months prior to the delivery of such shares or which the Holder purchased on the open market
and for which the Holder has good title, free and clear of all liens and encumbrances) having a Fair Market Value, determined as of the date the obligation to withhold or pay taxes first arises in connection with the Award (the “Tax Date”), equal to the Required Tax Payments, (3) authorizing the Company to withhold from the shares of Common Stock otherwise to be delivered to the Holder pursuant to the Award a number of whole shares of Common Stock having a Fair Market Value, determined as of the Tax Date, equal to the Required Tax Payments, (4) a cash payment by a broker-dealer acceptable to the Company through whom the Holder has sold the shares with respect to which the Required Tax Payments have arisen or (5) any combination of (1), (2) and (3). The Committee shall have sole discretion to disapprove of an election pursuant to any of clauses (2)-(5). Shares of Common Stock to be delivered or withheld may not have a Fair
Market Value in excess of the minimum amount of the Required Tax Payments. Any fraction of a share of Common Stock which would be required to satisfy such an obligation shall be disregarded and the remaining amount due shall be paid in cash by the Holder. No certificate representing a share of Common Stock shall be delivered until the Required Tax Payments have been satisfied in full.
5.3. Adjustment. In the event of any stock split, stock dividend, recapitalization, reorganization, merger, consolidation, combination, exchange of shares, liquidation, spin-off or other similar change in capitalization or event, or any distribution to holders of Common Stock other than a regular cash dividend, the number and class of securities subject to the Award shall be adjusted as determined by the Committee. The decision of the Committee regarding any such adjustment shall be final, binding
and conclusive.
5.4. Compliance with Applicable Law. The Award is subject to the condition that if the listing, registration or qualification of the shares subject to the Award upon any securities exchange or under any law, or the consent or approval of any governmental body, or the taking of any other action is necessary or desirable as a condition of, or in connection with, the vesting or delivery of shares hereunder, the shares of Common Stock subject to the Award shall not vest or be delivered, in whole or in part, unless such listing, registration, qualification, consent or approval shall have been effected or obtained, free of any conditions not acceptable to the Company. The Company agrees to use reasonable efforts to effect or obtain any such listing, registration, qualification, consent or approval.
5.5. Delivery
of Shares. Subject to Section 5.2, as soon as practicable after the shares of Common Stock subject to the Award become vested, the Company shall make one or more book entries issued in the Holder's name representing the number of vested shares. The Company shall pay all original issue or transfer taxes and all fees and expenses incident to such delivery, except as otherwise provided in Section 5.2.
5.6. Award Confers No Rights to Continued Employment. In no event shall the granting of the Award or its acceptance by the Holder give or be deemed to give the Holder any right to continued employment by the Company or any affiliate of the Company.
2
5.7. Decisions
of Committee. The Committee shall have the right to resolve all questions which may arise in connection with the Award. Any interpretation, determination or other action made or taken by the Committee regarding the Plan or this Agreement shall be final, binding and conclusive.
5.8. Investment Representation. The Holder hereby represents and covenants that (a) any share of Common Stock acquired upon the vesting of the Award will be acquired for investment and not with a view to the distribution thereof within the meaning of the Securities Act of 1933, as amended (the “Securities Act”), unless such acquisition has been registered under the Securities Act and any applicable state securities law; (b) any subsequent sale of any such shares shall be made either pursuant to an effective registration statement under
the Securities Act and any applicable state securities laws, or pursuant to an exemption from registration under the Securities Act and such state securities laws; and (c) if requested by the Company, the Holder shall submit a written statement, in form satisfactory to the Company, to the effect that such representation (x) is true and correct as of the date of acquisition of any shares hereunder or (y) is true and correct as of the date of any sale of any such shares, as applicable.
5.9. Agreement Subject to the Plan. This Agreement is subject to the provisions of the Plan and shall be interpreted in accordance therewith.
6. Miscellaneous Provisions.
6.1. Meaning of Certain Terms.
As used herein, the following terms shall have the respective meanings set forth below:
“Fair Market Value” means the closing transaction price of a share of Common Stock, as reported on the national securities exchange or quotation service through which the Common Stock is listed or traded on the date in question or, if there shall be no reported transaction for such date, on the next preceding date for which a transaction was reported.
As used herein, “employment by the Company” shall include employment by any successor to the Company or by a corporation which is a “subsidiary corporation” of the Company, as such term is defined in section 424 of the Code. References in this Agreement to sections of the “Code” shall be deemed to refer to any successor section of the Code or any successor internal revenue law.
6.2. Successors.
This Agreement shall be binding upon and inure to the benefit of any successor or successors of the Company and any person or persons who shall, upon the death of the Holder, acquire any rights hereunder in accordance with this Agreement or the Plan.
6.3. Notices. All notices, requests or other communications provided for in this Agreement shall be made, if to the Company, to Exelon Corporation, 10 South Dearborn Street, Chicago, Illinois60603, Attention: Corporate Secretary, and if to the Holder, at his or her then current work location. All notices, requests or other communications provided for in this Agreement
shall be made in writing (a) by personal delivery to the party entitled thereto, (b) by facsimile transmission with confirmation of receipt, (c) by mailing in the United States mails to the last known address of the party entitled thereto or (d) by express courier service. The notice, request or other communication shall be deemed to be received upon personal delivery, upon confirmation of receipt of facsimile transmission, or upon receipt by the party entitled thereto if by United States mail or express courier service; provided, however, that if a notice, request or other communication is not received during regular business hours, it shall be deemed to be received on the next succeeding business day of the Company.
6.4. Governing Law. This Agreement, the Award and all determinations made and actions taken pursuant hereto and thereto, to the extent not otherwise governed by
the laws of the United States, shall be governed by the laws of the Commonwealth of Pennsylvania and construed in accordance therewith without giving effect to conflicts of laws principles.
* * *
3
EXELON CORPORATION
By: _____________________
Title: Senior Vice President, General Counsel,
& Corporate Secretary
4
Dates Referenced Herein and Documents Incorporated by Reference
