UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
April 26, 2004
(Date of earliest
event reported)
Commission File Name of Registrant; State of Incorporation; Address of IRS Employer
Number Principal Executive Offices; and Telephone Number Identification Number
--------------------- ---------------------------------------------------------- ------------------------
1-16169 EXELON CORPORATION 23-2990190
(a Pennsylvania corporation)
10 South Dearborn Street - 37th Floor
P.O. Box 805379
Chicago, Illinois 60680-5379
(312) 394-7398
1-1839 COMMONWEALTH EDISON COMPANY 36-0938600
(an Illinois corporation)
10 South Dearborn Street - 37th Floor
P.O. Box 805379
Chicago, Illinois 60680-5379
(312) 394-4321
1-1401 PECO ENERGY COMPANY 23-0970240
(a Pennsylvania corporation)
P.O. Box 8699 2301 Market Street
Philadelphia, Pennsylvania 19101-8699
(215) 841-4000
333-85496 EXELON GENERATION COMPANY, LLC 23-3064219
(a Pennsylvania limited liability company)
300 Exelon Way
Kennett Square, Pennsylvania 19348
(610) 765-6900
Item 12. Results of Operations and Financial Condition
On April 26, 2004, Exelon Corporation (Exelon) announced via Form 8-K Exelon's
results for its first quarter ended March 31, 2004. The April 26 Form 8-K
included within page 10 of the Earnings Release Attachments filed as Exhibit 99
a table under the heading "2004 Earnings Guidance - April through December" that
presented the forward around-the-clock market prices for that period. The
numbers reported in the April 26 Form 8-K were not updated from Exelon's January
28, 2004 earnings release. This Form 8-K/A has been filed to correct the
projected around-the-clock market prices disclosed in the table. This correction
does not affect any other part of the earnings release or its attachments. The
updated around-the-clock market prices are as follows:
2004 Earnings Guidance - April through December
Around-the-clock Market Prices ($/MWh)
PJM $ 42.00
MAIN 31.00
NEPOOL 53.50
Gas Prices ($/Mmbtu)
Henry Hub $ 6.00
This combined Form 8-K is being furnished separately by Exelon, Commonwealth
Edison Company (ComEd), PECO Energy Company (PECO) and Exelon Generation
Company, LLC (Generation) (Registrants). Information contained herein relating
to any individual registrant has been filed by such registrant on its own
behalf. No registrant makes any representation as to information relating to any
other registrant.
Certain of the matters discussed in this Report are 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 a
registrant include those factors discussed herein, as well as the items
discussed in (a) the Registrants' 2003 Annual Report on Form 10-K - ITEM 7.
Management's Discussion and Analysis of Financial Condition and Results of
Operations--Business Outlook and the Challenges in Managing Our Business for
each of Exelon, ComEd, PECO and Generation, (b) the Registrants' 2003 Annual
Report on Form 10-K - ITEM 8. Financial Statements and Supplementary Data:
Exelon - Note 19, ComEd - Note 15, PECO - Note 14 and Generation - Note 13 and
(c) other factors discussed in filings with the United States Securities and
Exchange Commission (SEC) by the Registrants. Readers are cautioned not to place
undue reliance on these forward-looking statements, which apply only as of the
date of this Report. None of the Registrants undertakes any obligation to
publicly release any revision to its forward-looking statements to reflect
events or circumstances after the date of this Report.
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.
EXELON CORPORATION
COMMONWEALTH EDISON COMPANY
PECO ENERGY COMPANY
EXELON GENERATION COMPANY, LLC
/s/ Robert S. Shapard
----------------------
Robert S. Shapard
Executive Vice President and Chief Financial Officer
Exelon Corporation
April 29, 2004