What is the main reason for filing this amendment on Form 10-Q/A?

This amendment was filed in response to comments from the SEC staff regarding Exelon's Registration Statement on Form S-3. The key change is to clarify that each registrant's ability to apply its disclosure controls and procedures is more limited for entities it does not control or manage, compared to its own subsidiaries.

Did management identify any material weaknesses in internal controls?

No, management concluded that the disclosure controls and procedures for Exelon and its subsidiaries were effective to accomplish their objectives as of September 30, 2003. However, they did note the inherent limitations of any control system, which means absolute assurance against all misstatements cannot be provided.

What significant transactions or strategic moves were disclosed in the related 8-K filings mentioned?

Key events reported on Form 8-K include Exelon's decision to transition out of its ownership of EBG projects, the sale of InfraSource, Inc., and the exploration of acquiring Illinois Power Company. These indicate significant ongoing strategic and operational adjustments within the company.

Are there any specific financial results or performance metrics in this filing?

This specific filing (Form 10-Q/A) is primarily focused on the effectiveness of disclosure controls and procedures and lists exhibits and 8-K reports. It does not contain detailed financial results or performance metrics for the quarter ended September 30, 2003. Those would typically be found in the original Form 10-Q filing or subsequent filings.

EXC 10-Q Quarterly Report Q3 FY2003 — Revenue, Net Income, EPS

Summary

This filing is an amendment to Exelon Corporation's (and its subsidiaries ComEd, PECO Energy Company, and Exelon Generation Company, LLC) Form 10-Q for the quarter ended September 30, 2003. The primary purpose of this amendment is to clarify the scope and limitations of each registrant's disclosure controls and procedures, particularly concerning unconsolidated entities over which they have less direct control or management. Management, including the principal executive and financial officers, affirmed the effectiveness of these controls as of September 30, 2003, noting that while designed to ensure material information is captured and reported in a timely manner, inherent limitations mean that absolute assurance against all misstatements cannot be guaranteed. The filing also details exhibits and reports on Form 8-K. Key exhibits include agreements related to executive separation and the sale of British Energy US Holdings Inc. The Form 8-K reports highlight significant events during the third quarter of 2003, such as Exelon's process to transition out of its ownership of EBG projects, workforce reductions, divestiture of InfraSource, Inc., and exploration of acquiring Illinois Power Company. These events indicate active strategic management and portfolio adjustments during the period.

Key Highlights

1The filing is an amendment to clarify disclosure controls and procedures for Exelon and its subsidiaries, specifically addressing limitations with unconsolidated entities.
2Management affirmed the effectiveness of disclosure controls and procedures for Exelon, ComEd, PECO, and Exelon Generation as of September 30, 2003, while acknowledging inherent control limitations.
3Exelon Generation Company, LLC entered into an agreement to sell 100% of the shares of British Energy US Holdings Inc. to British Energy Investment Ltd.
4Exelon announced plans to transition out of its ownership of EBG projects and ceased providing additional funding beyond contractual obligations.
5Exelon completed the sale of InfraSource, Inc. during the quarter.
6Exelon was exploring the possibility of acquiring Illinois Power Company from Dynegy Inc.
7The filing includes certifications of disclosure compliance under Sarbanes-Oxley Act requirements.

EXELON CORP Quarterly Report (Amendment) for Q3 Ended Sep 30, 2003

Summary

Key Highlights

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