PECO ENERGY COMPANY First and Refunding Mortgage Bonds, 5.95% Series Due 2036 Underwriting AgreementPeco Energy Co • September 25th, 2006 • Electric & other services combined • New York
Company FiledSeptember 25th, 2006 Industry JurisdictionPECO Energy Company, a corporation organized under the laws of the Commonwealth of Pennsylvania (the “Company”), proposes to sell to the several underwriters named in Schedule II hereto (the “Underwriters”), for whom you (the “Representatives”) are acting as representatives, $300,000,000 principal amount of the Company’s First and Refunding Mortgage Bonds, 5.95% Series due 2036 (the “Securities”). The Securities are to be issued under the Company’s First and Refunding Mortgage, dated as of May 1, 1923 (the “Mortgage”), as amended and supplemented through the date hereof, and as further amended by the Supplemental Indenture, dated as of September 15, 2006 (the “Supplement”), between the Company and Wachovia Bank, National Association (formerly, First Union National Bank), as trustee (the “Trustee”). The Mortgage, together with any and all amendments or supplements thereto, including the Supplement, is referred to herein collectively as the “Indenture.” To the extent there are no additio