---
schema_version: "secwatch.filing_event.v1"
accession: "0000079732-24-000003"
form_type: "8-K"
ticker: null
cik: "0000079732"
company_name: "POTOMAC ELECTRIC POWER CO"
filed_at: "2024-03-04T23:59:59+00:00"
generated_at: "2026-06-05T05:08:01.488316+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Pepco issues $675M in First Mortgage Bonds at 5.200% and 5.500% to refinance maturing debt

## Summary
- Issued $375M 5.200% Series due 2034 and $300M 5.500% Series due 2054 on March 4, 2024.
- Proceeds to refinance $400M of 3.60% Series due March 2024, commercial paper, and general corporate purposes.
- Bonds issued under 1936 Mortgage and Deed of Trust; Pepco Supplemental Indenture filed as Exhibit 4.3.
- Interest payable semi-annually March 15 and Sept 15, starting Sept 15, 2024.

## SEC filing metadata
- accession: 0000079732-24-000003
- form_type: 8-K
- cik: 0000079732
- company_name: POTOMAC ELECTRIC POWER CO
- filed_at: 2024-03-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/79732/000007973224000003/0000079732-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/79732/000007973224000003/exc-20240304.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000079732-24-000003
- JSON: https://secwatch.observer/filing/0000079732-24-000003.json
- Plain text: https://secwatch.observer/filing/0000079732-24-000003.txt

## Key facts
- Debt Financings
  POTOMAC ELECTRIC POWER CO incurred senior notes of $300 million at 5.500% per annum maturing March 15, 2054.
  - Instrument: senior notes
  - Principal: $300 million
  - Rate: 5.500% per annum
  - Maturity: March 15, 2054
  - Event: incurrence
  source text: (ii) $300 million aggregate principal amount of Pepco’s First Mortgage Bonds 5.500% Series due March 15, 2054 (the “2054 Bonds,” and collectively with the 2034 Bonds, the “Bonds”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/79732/000007973224000003/0000079732-24-000003-index.htm
- Debt Financings
  POTOMAC ELECTRIC POWER CO incurred senior notes of $375 million at 5.200% per annum maturing March 15, 2034.
  - Instrument: senior notes
  - Principal: $375 million
  - Rate: 5.200% per annum
  - Maturity: March 15, 2034
  - Event: incurrence
  source text: On March 4, 2024, Potomac Electric Power Company (Pepco) issued and sold (i) $375 million aggregate principal amount of Pepco’s First Mortgage Bonds, 5.200% Series due March 15, 2034 (the “2034 Bonds”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/79732/000007973224000003/0000079732-24-000003-index.htm
- Material Agreements
  POTOMAC ELECTRIC POWER CO entered into First Mortgage Bonds valued at $300 million aggregate principal amount (effective 2024-03-04).
  - Action: entry
  - Agreement: notes offering
  - Value: $300 million aggregate principal amount
  - Effective: 2024-03-04
  source text: On March 4, 2024, Potomac Electric Power Company (Pepco) issued and sold (i) $375 million aggregate principal amount of Pepco’s First Mortgage Bonds, 5.200% Series due March 15, 2034 (the “2034 Bonds”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/79732/000007973224000003/0000079732-24-000003-index.htm
- Material Agreements
  POTOMAC ELECTRIC POWER CO entered into First Mortgage Bonds valued at $300 million aggregate principal amount (effective 2024-03-04).
  - Action: entry
  - Agreement: notes offering
  - Value: $300 million aggregate principal amount
  - Effective: 2024-03-04
  source text: and (ii) $300 million aggregate principal amount of Pepco’s First Mortgage Bonds 5.500% Series due March 15, 2054 (the “2054 Bonds,” and collectively with the 2034 Bonds, the “Bonds”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/79732/000007973224000003/0000079732-24-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.