Exhibit 99.2
COMED RATE CASE DOCKET NO. 05-0597
ALJ PROPOSED ORDER 6/8/06
SUMMARY
TABLE A: RATE OF RETURN
| | | | | | | | | | | | | |
| | | Capital Structure | | Cost of LT Debt | | | ROE | | ROR |
Proposed Order | | Common eq. 46.00% | | | 6.50 | % | | 10.19% | | 8.20% |
| | | LT Debt 54.00% | | | | | | | | |
| ComEd | | Common eq. 54.20% | | | 6.50 | % | | 11.00% | | 8.94% |
| | | LT Debt 45.80% | | | | | | | | |
TABLE B: REVENUE REQUIREMENT, RATE INCREASE
| | | | | |
| | | Revenue Requirement | | Revenue Increase(1) |
Proposed Order | | $1,764,656,000 | | $186,970,000 |
| ComEd | | $1,862,185,000 | | $317,295,000 |
TABLE C: RATE BASE
| | | | | | | |
| | | Gross Plant | | Net Plant | | Rate Base |
Proposed Order | | $11,504,101,000 | | $6,908,651,000 | | $6,159,399,000 |
| ComEd | | $11,530,064,000 | | $6,934,589,000 | | $6,186,933,000 |
(1) An adjustment of ($32,796) referenced in Appendix A of the Proposed Order recognizes that the current revenue base is presented two different ways in the filing. The first “current rate revenue” of $1,545 million reflects the 2004 test year actual (not weather adjusted) delivery sales multiplied by the DST rates in effect in 2004. The second “current rate revenue” of $1,578 million, on which the $187 million figure is based, reflects an upward adjustment of about $33 million for weather normalized 2004 test year delivery sales. The final revenue requirement of $1,764,656,000 is the same regardless of the revenue base starting point. The listed revenue increases are based on the weather normalized 2004 test year delivery sales.
Note: The Proposed Order may be subject to potential revisions.
