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Exelon Generation Extends Exchange Offer

Stocks in this article: EXC

Exelon Generation Company, LLC (Generation) announced today that it will extend the deadline with respect to its exchange offer to exchange (i) $523,303,000 of its 4.25% Senior Notes due 2022 (new 2022 notes), which have been registered under the Securities Act of 1933 (Securities Act), for $523,303,000 of its currently outstanding 4.25% Senior Notes due 2022, which were issued in a private placement in compliance with Rule 144A and Regulation S under the Securities Act (outstanding 2022 notes); and (ii) $788,203,000 of its 5.60% Senior Notes due 2042, which have been registered under the Securities Act (new 2042 notes, and collectively with the new 2022 notes, the new notes) for $788,203,000 of its currently outstanding 5.60% Senior Notes due 2042, which were issued in a private placement in compliance with Rule 144A and Regulation S under the Securities Act (outstanding 2042 notes, and collectively with the outstanding 2022 notes, the outstanding notes). The terms of the new notes and the outstanding notes are substantially identical in all material respects, except that the new notes have been registered under the Securities Act.

The exchange offer was scheduled to expire at 5 p.m. New York City time on Feb. 6, 2013. The exchange offer will now expire at 5 p.m. New York City time on Feb. 12, 2013, unless further extended by Generation. The exchange offer has been extended to allow holders of outstanding notes who have not yet tendered them for exchange additional time to do so. All other terms, provisions and conditions of the exchange offer, as described in the prospectus dated Jan. 8, 2013, will remain in full force and effect. Holders who have already properly tendered their outstanding notes do not need to retender.

As of 5 p.m. New York City time, Feb. 6, 2013, $1,309,856,000 in aggregate principal amount of the outstanding notes had been validly tendered and not withdrawn in the exchange offer, representing approximately 99.87 percent of the outstanding principal amount of the outstanding notes. Persons with questions regarding the exchange offer should contact the exchange agent, U.S. Bank National Association, at 651-466-7150.

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