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COMMONWEALTH EDISON REACHES SETTLEMENTS OUTCOME IN LINE WITH RATINGS, REPORTS DUFF & PHELPS

 CHICAGO, Sept. 28 /PRNewswire/ -- Commonwealth Edison announced yesterday that its board of directors has approved two proposed settlements with industrial and consumer intervenors. These historic agreements address several rate cases which have plagued the utility for six years. The cases have been under court appeal or before the Illinois Commerce Commission.
 The first settlement concerns proceedings related to several of the company's rate cases. Comm Ed has agreed to reduce rates by $339 million annually and refund $1.28 billion. The second settlement concerns the ongoing fuel reconciliation proceeding before the commission and the company has agreed to an additional refund of $100 million via the fuel adjustment clause.
 Overall, the current Duff & Phelps ratings on Commonwealth Edison's securities are in line with the outcome of these settlements. The ratings are "BBB" (triple B) for first mortgage bonds and collateralized PCRBs, "BBB-" (triple B minus) for debentures, medium term notes, and non-collateralized PCRBs, "BB+" (double B plus) for preferred and preference stock, and Duff 2 for commercial paper.
 -0- 9/28/93
 /CONTACT: John C. Dell of Duff & Phelps Credit Rating Co., 312-368-3161/
 (CWE)


CO: Commonwealth Edison ST: Illinois IN: UTI SU: RTG

TW -- NY081 -- 6495 09/28/93 16:01 EDT
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Publication:PR Newswire
Date:Sep 28, 1993
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