Exelon’s BGE Announces Redemption of Trust Preferred Securities
August 01 2017 - 4:29PM
Business Wire
Baltimore Gas and Electric Company (BGE) today announced that on
July 28, 2017, it issued a notice of redemption to the holders of
the 6.20% Trust Preferred Securities (CUSIP No. 05541Q206) (the
“Securities”) of BGE Capital Trust II, an affiliate of BGE. The
Securities were issued under an Indenture dated June 15, 1998,
between BGE and The Bank of New York Mellon (as successor in
interest to The Bank of New York) as trustee.
As indicated in the notice of redemption, BGE intends to redeem
the Securities on August 28, 2017, pursuant to the optional
redemption provisions of the Indenture. The redemption price per
share is $25.185139, which equals the stated value per share plus
accrued and unpaid dividends to, but excluding, the redemption
date.
The redemption shall be made to stockholders of record as of the
close of business on August 25, 2017. No dividends on the
Securities being redeemed will accrue on or after the redemption
date, nor will any interest accrue on amounts held to pay the
redemption price. Related questions and requests for copies of this
redemption notice should be directed to The Bank of New York Mellon
at 1-800-254-2826.
About Exelon Corporation
Exelon Corporation (NYSE: EXC) is a Fortune 100 energy company
with the largest number of utility customers in the U.S. Exelon
does business in 48 states, the District of Columbia and Canada and
had 2016 revenue of $31.4 billion. Exelon’s six utilities deliver
electricity and natural gas to approximately 10 million customers
in Delaware, the District of Columbia, Illinois, Maryland, New
Jersey and Pennsylvania through its Atlantic City Electric, BGE,
ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one
of the largest competitive U.S. power generators, with more than
33,300 megawatts of nuclear, gas, wind, solar and hydroelectric
generating capacity comprising one of the nation’s cleanest and
lowest-cost power generation fleets. The company’s Constellation
business unit provides energy products and services to
approximately 2.2 million residential, public sector and business
customers, including more than two-thirds of the Fortune 100.
Follow Exelon on Twitter @Exelon.
About BGE
BGE, founded in 1816 as the nation's first gas utility, is
Maryland's largest natural gas and electric utility. Headquartered
in Baltimore, BGE delivers power to more than 1.25 million electric
customers and more than 650,000 natural gas customers in central
Maryland. The company's approximately 3,200 employees are committed
to the safe and reliable delivery of natural gas and electricity,
as well as enhanced energy management, conservation, environmental
stewardship and community assistance. The company also has an
estimated annual economic impact of $5 billion of output in its
service area, supporting more than 9,500 local jobs and producing
$923 million in labor income. BGE is a subsidiary of Exelon
Corporation (NYSE: EXC), the nation's leading competitive energy
provider. Like us on Facebook and follow us
on Twitter, YouTube and Flickr.
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Exelon Investor RelationsDaniel
Eggers312-394-2345daniel.eggers@exeloncorp.comorExelon Corporate
CommunicationsPaul
Adams410-470-4167paul.adams@constellation.com
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