Exhibit (23)-2 Commonwealth Edison Company Form 10-K/A File No. 1-1839 CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS ----------------------------------------- As independent public accountants, we hereby consent to the incorporation by reference in this Form 10-K of our report dated January 31, 2000, on Commonwealth Edison Company and Subsidiary Companies' consolidated financial statements as of and for the year ended December 31, 1999, included in Commonwealth Edison Company's Current Report on Form 8-K dated January 31, 2000, to the inclusion in this Form 10-K/A of our report dated January 31, 2000, on the supplemental schedule of Commonwealth Edison Company as of and for the year ended December 31, 1999, and to the incorporation of such reports into Commonwealth Edison Company's previously filed prospectuses as follows: (1) prospectus dated August 21, 1986, constituting part of Form S-3 Registration Statement File No. 33-6879, as amended (relating to the Company's Debt Securities and Common Stock); (2) prospectus dated January 7, 1994, constituting part of Form S-3 Registration Statement File No. 33-51379 (relating to the Company's Debt Securities and Cumulative Preference Stock); (3) prospectus dated September 19, 1995, constituting part of Amendment No. 1 to Form S-3 Registration Statement File No. 33-61343, as amended (relating to Company- Obligated Mandatorily Redeemable Preferred Securities of ComEd Financing I); (4) prospectus dated June 13, 1997, constituting part of Form S-4 Registration Statement File No. 333-28369 (relating to Company-Obligated Mandatorily Redeemable Preferred Securities of ComEd Financing II); and (5) Form S-8 Registration Statement File No. 333-33847 (relating to the Commonwealth Edison Company Excess Benefit Savings Plan). ARTHUR ANDERSEN LLP Chicago, Illinois May 12, 2000