STATE OF ILLINOIS ILLINOIS COMMERCE COMMISSION COMMONWEALTH EDISON COMPANY : : Annual formula rate update and revenue : No. 14-_____ requirement reconciliation under : Section 16-108.5 of the Public Utilities Act. : C SCHEDULES Schedule C-1 FY Page 1 of 2 Commonwealth Edison Company Jurisdictional Operating Statement - 2014 Filing Year For the Year 2013 (In Thousands) Witness: Menon Unadjusted Delivery Services Operating Adjustments Jurisdictional Effect of Proposed Jurisdictional Line No. Description Income (from Page 2) (Schedule C-2) Operating Income Rates Operating Income (A) (B) (C) (D) (E) (F) 1 Operating Revenues $ 2,187,317 (1) $ - $ 2,187,317 $ 177,023 $ 2,364,340 2 Other Revenues 129,785 - 129,785 - 129,785 3 Total Operating Revenues$ 2,317,102 $ - $ 2,317,102 $ 177,023 $ 2,494,125 4 Operating Expenses 5 Production$ - $ - $ - $ - $ - 6 Transmission - - - - - 7 Regional Market Expense - - - - - 8 Distribution 438,781 (5,653) 433,128 - 433,128 9 Customer Accounts Expenses 198,660 - 198,660 - 198,660 10 Customer Service and Informational Exp. 19,609 - 19,609 - 19,609 11 Sales Expenses - - - - - 12 Administrative and General Expenses 429,109 (7,607) 421,502 - 421,502 13 Depreciation & Amortization Expense 451,588 30,526 482,114 - 482,114 14 Taxes Other Than Income 148,856 (888) 147,968 - 147,968 15 RAtdOthEReg Asset and Other Expense AdjtAdjustmen ts 37, 456 (26,736) 10, 720 - 10, 720 16 Pension Asset Funding Cost - 53,473 53,473 - 53,473 17 Accretion Expense - - - - - 18 Total Operating Expenses $ 1,724,059 $ 43,115 $ 1,767,174 $ - $ 1,767,174 19 Income Taxes 20 State Income Taxes$ 18,682 $ (8,698) $ 9,984 $ 16,817 $ 26,801 21 Federal Income Taxes (937) (29,001) (29,938) 56,072 26,134 22 Deferred Taxes 149,098 11,009 160,107 - 160,107 23 ITC's Net (7,757) - (7,757) - (7,757) 24 Total Income Taxes $ 159,086 $ (26,690) $ 132,396 $ 72,889 $ 205,285 25 Net Utility Operating Income$ 433,957 $ (16,425) $ 417,532 $ 104,134 $ 521,665 Note: (1) Revenues based upon Docket 13-0318, Final Order Appendix A, Page 1, Line 1. Schedule C-1 FY Page 2 of 2 Jurisdictional Operating Statement - 2014 Filing Year Jurisdictional Operating Statement by ICC Account - 2014 Filing Year For the Year 2013 (In Thousands) Witness: Menon Unadjusted Delivery Services Supporting Line ICC Total Company Operating Schedule / No. Description Account Unadjusted (1) Income Workpaper (A) (B) (C) (D) (E) 1 Operating Revenues 400$ 4,867,226 $ 2,187,317 (2) 2 Other Revenues 450-456 622,547 129,785 Schedule C-23 3 Total Operating Revenues $ 5,489,773 $ 2,317,102 4 Operating Expenses 5 Production 500-557$ 2,119,047 $ - FERC Form 1 6 Transmission 560-573 319,531 - FERC Form 1 7 Regional Market Expenses 575.1-576.5 5,262 - FERC Form 1 8 Distribution 580-598 409,805 438,781 WPC-1a, Page 1 9 Customer Accounts Expenses 901-905 229,435 198,660 WPC-1a, Page 2 10 Customer Service and Informational Exp. 907-910 58,788 19,609 WPC-1a, Page 1 11 Sales Expenses 911-916 - - FERC Form 1 12 Administrative and General Expenses 920-935 504,742 429,109 WPC-1a, Page 1 13 Depreciation & Amortization Expense 403-406 531,397 451,588 Schedule C-12 14 Taxes Other Than Income 408.1 293,151 148,856 Schedule C-18 15 Reg Asset and Other Expense Adj 407.3 (7,336) 37,456 Schedule C-26 16 PiAPension Asset FdiCFunding Cost (24, 461) - 17 Accretion Expense - Disp of Property 411.10/411.6 17,519 - FERC Form 1 18 Total Operating Expenses$ 4,456,880 $ 1,724,059 19 Income Taxes 20 State Income Taxes 409.2$ 6,690 $ 18,682 Sch. C-5, Page 5 21 Federal Income Taxes 409.2 (37,579) (937) Sch. C-5, Page 5 22 Deferred Taxes 410/411 269,450 149,098 Schedule C-5.2 23 ITC's Net 411 (2,314) (7,757) Sch. C-5, Page 5 24 Total Income Taxes $ 236,247 $ 159,086 25 Net Utility Operating Income$ 796,646 $ 433,957 Notes: (1) From 2013 Form 21 ILCC, Page 7. See Schedule C-4 for further details by account. (2) Revenues based upon Docket 13-0318, Final Order Appendix A, Page 1, Line 1. Schedule C-1 RY Page 1 of 2 Commonwealth Edison Company Jurisdictional Operating Statement - 2013 Recon Year For the Year 2013 (In Thousands) Witness: Menon Unadjusted Delivery Services Operating Adjustments Jurisdictional Effect of Jurisdictional Line No. Description Income (from Page 2) (Schedule C-2) Operating Income Proposed Rates Operating Income (A) (B) (C) (D) (E) (F) 1 Operating Revenues $ 2,132,543 (1) $ - $ 2,132,543 $ 121,550 $ 2,254,093 2 Other Revenues 129,785 - 129,785 - 129,785 3 Total Operating Revenues$ 2,262,328 $ - $ 2,262,328 $ 121,550 $ 2,383,878 4 Operating Expenses 5 Production$ - $ - $ - $ - $ - 6 Transmission - - - - - 7 Regional Market Expense - - - - - 8 Distribution 438,781 (5,653) 433,128 - 433,128 9 Customer Accounts Expenses 198,660 - 198,660 - 198,660 10 Customer Service and Informational Exp. 19,609 - 19,609 - 19,609 11 Sales Expenses - - - - - 12 Administrative and General Expenses 429,109 (7,607) 421,502 - 421,502 13 Depreciation & Amortization Expense 451,588 - 451,588 - 451,588 14 Taxes Other Than Income 148, 856 (888) 147, 968 - 147, 968 15 Reg Asset and Other Expense Adjustments 37,456 (26,736) 10,720 - 10,720 16 Pension Asset Funding Cost - 53,473 53,473 - 53,473 17 Accretion Expense - - - - - 18 Total Operating Expenses$ 1,724,059 $ 12,589 $ 1,736,648 $ - $ 1,736,648 19 Income Taxes 20 State Income Taxes$ 13,444 $ (3,685) $ 9,759 $ 11,547 $ 21,306 21 Federal Income Taxes (18,403) (12,285) (30,688) 38,501 7,813 22 Deferred Taxes 149,098 11,009 160,107 - 160,107 23 ITC's Net\One time Adjustments (7,757) - (7,757) - (7,757) 24 Total Income Taxes$ 136,382 $ (4,961) $ 131,421 $ 50,048 $ 181,469 25 Net Utility Operating Income$ 401,887 $ (7,628) $ 394,259 $ 71,502 $ 465,761 Note: (1) Revenues based upon Docket 13-0318, Final Order Appendix B, Page 1, Line 1. Schedule C-1 RY Page 2 of 2 Commonwealth Edison Company Jurisdictional Operating Statement by ICC Account - 2013 Recon Year For the Year 2013 (In Thousands) Witness: Menon Unadjusted Delivery Services Supporting Line ICC Total Company Operating Schedule / No. Description Account Unadjusted (1) Income Workpaper (A) (B) (C) (D) (E) 1 Operating Revenues 400$ 3,919,394 $ 2,132,543 (2) 2 Other Revenues 450-456 638,169 129,785 Schedule C-23 3 Total Operating Revenues $ 4,557,563 $ 2,262,328 4 Operating Expenses 5 Production 500-557$ 1,125,471 $ - FERC Form 1 6 Transmission 560-573 229,733 - FERC Form 1 7 Regional Market Expenses 575.1-576.5 2,828 - FERC Form 1 8 Distribution 580-598 438,781 438,781 WPC-1a, Page 1 9 Customer Accounts Expenses 901-905 229,749 198,660 WPC-1a, Page 2 10 Customer Service and Informational Exp. 907-910 187,944 19,609 WPC-1a, Page 1 11 Sales Expenses 911-916 - - FERC Form 1 12 Administrative and General Expenses 920-935 498,950 429,109 WPC-1a, Page 1 13 Depreciation & Amortization Expense 403-406 549,257 451,588 Schedule C-12 14 Taxes Other Than Income 408.1 298,328 148,856 Schedule C-18 15 Reg Asset and Other Expense Adj 407.3 49,841 37,456 Schedule C-26 16 PiAPension Asset FdiCFunding Cost - - 17 Accretion Expense - Disp of Property 411.10/411.6 79 - FERC Form 1 18 Total Operating Expenses$ 3,610,961 $ 1,724,059 19 Income Taxes 20 State Income Taxes 409.2$ 7,533 $ 13,444 Sch. C-5, Page 4 21 Federal Income Taxes 409.2 (32,539) (18,403) Sch. C-5, Page 4 22 Deferred Taxes 410/411 181,223 149,098 Schedule C-5.2 23 ITC's Net\One time Adjustments 411 (2,314) (7,757) Sch. C-5, Page 4 24 Total Income Taxes$ 153,903 $ 136,382 25 Net Utility Operating Income$ 792,699 $ 401,887 Notes: (1) From 2013 Form 21 ILCC, Page 7. See Schedule C-4 for further details by account. (2) Revenues based upon Docket 13-0318, Final Order Appendix B, Page 1, Line 1. Schedule C-2 FY Page 1 of 1 Commonwealth Edison Company Summary of Utility Proposed Adjustments to Operating Income - 2014 Filing Year (In Thousands) Witness: Menon Unusual Operating Incentive 2013 Pension Interest 2013 Projected Expenses Pension Remove Long Comp Costs Related Synchronization Subtotal Depreciation Greather than Funding Term Incentive Related to Perqs and to 2012 Effect of Rate Jurisdictional Line Expense $10 Million Costs Compensation Net Income Awards Incentive Base Adjustments Proposed No. Description Schedule C-2.1 Schedule C-2.2 Schedule C-2.3 Schedule C-2.4 Schedule C-2.5 Schedule C-2.6 Schedule C-2.7 Schedule C-5.4 Adjustments (A) (B) (C) (D) (E) (F) (G) (H) (I) (J) 1 Operating Revenues $ - $ - $ - $ - $ - $ - $ - $ - $ - 2 Other Revenues - - - - - - - - - 3 Total Operating Revenues $ - $ - $ - $ - $ - $ - $ - $ - $ - 4 Operating Expenses 5 Production $ - $ - $ - $ - $ - $ - $ - $ - $ - 6 Transmission - - - - - - - - - 7 Regional Market Expense - - - - - - - - - 8 Distribution - - - (5,280) (170) (76) (127) - (5,653) 9 Customer Accounts Expenses - - - - - - - - - Customer Service and 10 Informational Exp. - - - - - - - - - 11 Sales Expenses - - - - - - - - - 12 A&G Expenses - - - (885) (6,388) (320) (14) - (7,607) 13 Depr & Amort Expenses 30,526 - - - - - - - 30,526 14 Taxes Other Than Income - - - (472) (386) (30) - - (888) Reg Asset and Other Expense 15 Adjustments - (26,736) - - - - - - (26,736) 16 Pension Asset Funding Costs - - 53,473 - - - - - 53,473 17 Accretion Expense - - - - - - - - - 18 Total Operating Expenses$ 30,526 $ (26,736) $ 53,473 $ (6,637) $ (6,944) $ (426) $ (141) $ - 43,115 19 Income Taxes 20 State Income Taxes $ (2,900) $ - $ (5,080) $ 631 $ 660 $ 40 $ 13 $ (2,062) (8,698) 21 Federal Income Taxes (9,669) - (16,938) 2,102 2,200 135 45 (6,876) (29,001) 22 Deferred Taxes - 11,009 - - - - - - 11,009 23 ITC's Net - - - - - - - - - 24 Total Income Taxes$ (12,569) $ 11,009 $ (22,018) $ 2,733 $ 2,860 $ 175 $ 58 $ (8,938) (26,690) 25 Net Utility Operating Income$ (17,957) $ 15,727 $ (31,455) $ 3,904 $ 4,084 $ 251 $ 83 $ 8,938 (16,425) Schedule C-2 RY Page 1 of 1 Commonwealth Edison Company Summary of Utility Proposed Adjustments to Operating Income - 2013 Rate Year (In Thousands) Witness: Menon Unusual Operating Incentive 2013 Pension Interest 2013 Projected Expenses Pension Remove Long Comp Costs Related Synchronization Subtotal Depreciation Greather than Funding Term Incentive Related to Perqs and to 2012 Effect of Rate Jurisdictional Line Expense $10 Million Costs Compensation Net Income Awards Incentive Base Adjustments Proposed No.