PECO ENERGY COMPANY First and Refunding Mortgage Bonds, 5.00% Series Due 2014 Underwriting AgreementPeco Energy Co • March 26th, 2009 • Electric & other services combined • New York
Company FiledMarch 26th, 2009 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, $250,000,000 principal amount of the Company’s First and Refunding Mortgage Bonds, 5.00% Series due 2014 (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 March 15, 2009 (the “Supplement”), between the Company and U.S. Bank National Association, 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 additional Underwriters listed on Schedule II other th