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For Immediate Release

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ComEd Media Relations

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ComEd Announces $1.2 Billion Bond Sale

ComEd demonstrates its commitment to diversity by including four diverse financial institutions in its bond offering

CHICAGO (June 21, 2016) – ComEd announced that it has priced $1.2 billion aggregate principal amount of its First Mortgage Bonds, comprised of $500 million 10-year bonds and $700 million 30-year bonds maturing on June 15, 2026 and June 15, 2046, respectively. The 10-year bonds have a coupon of 2.550 percent and the 30-year bonds have a coupon of 3.650 percent.  ComEd will use the net proceeds from the sale of the bonds to refinance outstanding principal amounts of long term debt, repay a portion of our outstanding commercial paper obligations and for general corporate purposes.  The sale is scheduled to close on June 27, 2016. 

Citigroup Global Markets Inc., Mizuho Securities USA Inc. and U.S. Bancorp Investments, Inc. led the offering as active joint book-running managers.  CIBC World Markets Corp., Credit Agricole Securities (USA) Inc. and PNC Capital Markets, LLC served as passive joint book-running managers and Santander Investment Securities Inc. served as a senior co-manager.  Minority-owned Blaylock Beal Van, LLC, Great Pacific Securities, Loop Capital Markets, LLC and disabled veteran-owned Drexel Hamilton, LLC served as co-managers for the offering.

As a leader in capital infrastructure, ComEd has successfully deployed an annual average of more than $1.7 billion in capital expenditures across hundreds of projects. The selection of minority-owned banks to co-manage the offering is a deliberate investment in the communities that we serve.

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 Citigroup Global Markets Inc. at 1-800-831-9146, Mizuho Securities USA Inc. at 1-866-271-7403 or U.S. Bancorp Investments, Inc. at 1-877-558-2607.

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 ComEd include those discussed herein as well as the items discussed in (1)  ComEd's 2015 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 23; (2) ComEd's First Quarter 2016 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 Operations and (c) Part I, Financial Information, ITEM 1. Financial Statements: Note 18; and (3) other factors discussed in filings with the Securities and Exchange Commission by ComEd.  Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this Press Release.  ComEd 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.

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Commonwealth Edison Company (ComEd) is a unit of Chicago-based Exelon Corporation (NYSE: EXC), the nation’s leading competitive energy provider, with approximately 10 million customers. ComEd provides service to approximately 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com, and connect with the company on Facebook, Twitter and YouTube.

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