PECO ENERGY CO Files 8-K: Material Agreement & Financial Obligation

Peco Energy Co 8-K Filing Summary
FieldDetail
CompanyPeco Energy Co
Form Type8-K
Filed DateSep 10, 2025
Risk Levelmedium
Pages5
Reading Time6 min
Key Dollar Amounts$525 million, $350,000,000
Sentimentneutral

Sentiment: neutral

Topics: material-agreement, financial-obligation, 8-k

TL;DR

PECO ENERGY CO signed a big deal, creating a new financial obligation. Details in the 8-K.

AI Summary

On September 10, 2025, PECO ENERGY CO entered into a material definitive agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The report includes financial statements and exhibits.

Why It Matters

This 8-K filing signals a significant new agreement and potential financial commitment for PECO ENERGY CO, which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and a new financial obligation, which inherently carries some level of risk and requires further investigation into the specifics.

Key Numbers

  • 000-16844 — Commission File Number (Identifies the SEC filing for PECO ENERGY CO.)
  • 23-0970240 — IRS Employer Identification Number (Tax identification number for PECO ENERGY COMPANY.)

Key Players & Entities

  • PECO ENERGY CO (company) — Registrant
  • 2301 Market Street (location) — Principal Executive Offices
  • Philadelphia (location) — City of Principal Executive Offices
  • PA (location) — State of Principal Executive Offices
  • 19101-8699 (location) — ZIP Code of Principal Executive Offices
  • 215-841-4000 (phone_number) — Business Phone Number
  • PHILADELPHIA ELECTRIC CO (company) — Former Company Name
  • 19920703 (date) — Date of Name Change

FAQ

What is the nature of the material definitive agreement entered into by PECO ENERGY CO?

The filing indicates the entry into a material definitive agreement but does not specify its nature in the provided text.

What is the specific financial obligation created by PECO ENERGY CO?

The filing states the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the exact details of this obligation are not provided in the excerpt.

When was the reported material definitive agreement entered into?

The date of the earliest event reported is September 10, 2025.

What was PECO ENERGY CO's former company name?

PECO ENERGY CO's former company name was PHILADELPHIA ELECTRIC CO.

What is the primary business of PECO ENERGY CO?

PECO ENERGY CO is in the ELECTRIC & OTHER SERVICES COMBINED [4931] industry.

Filing Stats: 1,459 words · 6 min read · ~5 pages · Grade level 12.1 · Accepted 2025-09-10 11:21:54

Key Financial Figures

  • $525 million — 2025, PECO Energy Company (PECO) issued $525 million aggregate principal amount of its First
  • $350,000,000 — e of the Bonds to refinance at maturity $350,000,000 aggregate principal amount of PECO's 3.

Filing Documents

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement On September 10, 2025, PECO Energy Company (PECO) issued $525 million aggregate principal amount of its First and Refunding Mortgage Bonds, 4.875% Series due September 15, 2035 (2035 Bonds) and $525 million aggregate principal amount of its First and Refunding Mortgage Bonds, 5.650% Series due September 15, 2055 (2055 Bonds and, together with the 2035 Bonds, the Bonds). See Item 2.03 below for a description of the Bonds and related agreements. Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant On September 10, 2025, PECO issued $525 million aggregate principal amount of the 2035 Bonds and $525 million aggregate principal amount of the 2055 Bonds. The Bonds were issued pursuant to PECO's First and Refunding Mortgage, dated as of May 1, 1923, as amended and supplemented and as further amended and supplemented by the One Hundred and Twenty-Fifth Supplemental Indenture, dated as of August 15, 2025 (Supplemental Indenture). The Bonds were registered under the Securities Act of 1933, as amended, pursuant to a shelf registration statement on Form S-3 (Registration No. 333-277223). PECO will use the net proceeds from the sale of the Bonds to refinance at maturity $350,000,000 aggregate principal amount of PECO's 3.150% first and refunding mortgage bonds due October 15, 2025. The remainder of the net proceeds will be used to refinance currently outstanding commercial paper and for general corporate purposes. The 2035 Bonds carry an interest rate of 4.875% per annum and the 2055 Bonds carry an interest rate of 5.650% per annum. Interest is payable semi-annually on March 15 and September 15, commencing on March 15, 2026. The Bonds are redeemable at any time at PECO's option as provided in the Supplemental Indenture. A copy of the Supplemental Indenture, which establishes the terms of the Bonds, is attached hereto as Exhibit 4.1 and is incorp

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 1.1 Underwriting Agreement dated September 3, 2025 among PECO, BNY Mellon Capital Markets, LLC, Citigroup Global Markets Inc., PNC Capital Markets LLC, Scotia Capital (USA) Inc. and U.S. Bancorp Investments, Inc., as representatives of the several underwriters, as representatives of the several underwriters named therein. 4.1 One Hundred and Twenty-Fifth Supplemental Indenture dated as of August 15, 2025 from PECO to U.S. Bank National Association, as trustee. 5.1 Exhibit 5 Opinion of Ballard Spahr LLP 8.1 Exhibit 8 Opinion of Ballard Spahr LLP 101 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) * * * * * This Current Report contains certain forward-looking statements within the meaning of federal securities laws that are subject to risks and uncertainties. Words such as "could," "may," "expects," "anticipates," "will," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "predicts," "should," and variations on such words, and similar expressions that reflect our current views with respect to future events and operational, economic, and financial performance, are intended to identify such forward-looking statements. Accordingly, any such statements are qualified in their entirety by reference to, and are accompanied by, the following important factors that may cause our actual results or outcomes to differ materially from those contained in our forward-looking statements, including, but not limited to: unfavorable legislative and/or regulatory actions; uncertainty as to outcomes and timing of regulatory approval proceedings and/or negotiated settlements thereof; environmental liabilities and remediation costs; state and federal legislation requiring use of low-emission, renewable,

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PECO ENERGY COMPANY /s/ Marissa E. Humphrey Marissa E. Humphrey Senior Vice President, Chief Financial Officer and Treasurer September 10, 2025 EXHIBIT INDEX Exhibit No. Description 1.1 Underwriting Agreement dated September 3, 2025 among PECO, BNY Mellon Capital Markets, LLC, Citigroup Global Markets Inc., PNC Capital Markets LLC, Scotia Capital (USA) Inc. and U.S. Bancorp Investments, Inc., as representatives of the several underwriters, as representatives of the several underwriters named therein. 4.1 One Hundred and Twenty-Fifth Supplemental Indenture dated as of August 15, 2025 from PECO to U.S. Bank National Association, as trustee. 5.1 Exhibit 5 Opinion of Ballard Spahr LLP 8.1 Exhibit 8 Opinion of Ballard Spahr LLP 101 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

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