PECO ENERGY COMPANY $300,000,000 First and Refunding Mortgage Bonds, 1.200% Series Due 2016 $250,000,000 First and Refunding Mortgage Bonds, 4.800% Series Due 2043 Underwriting AgreementUnderwriting Agreement • September 23rd, 2013 • Peco Energy Co • Electric & other services combined • New York
PECO 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, 1.200% Series due 2016 (the “2016 Bonds”) and $250,000,000 principal amount of the Company’s First and Refunding Mortgage Bonds, 4.800% Series due 2043 (the “2043 Bonds” and together with the 2016 Bonds, 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 One Hundred and Ninth Supplemental Indenture, dated as of September 15, 2013 (the “109th Supplement”), between the Company and U.S. Bank National Association, as trustee (the “Trustee”) and the One Hundred and T
