{"url_path":"/sec/cik-0000079732/8-k/2026-06-17/item-2-03","section_key":"item-2-03","section_title":"Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-balance Sheet Arrangement of a Registrant","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-17","source_url":"https://www.sec.gov/Archives/edgar/data/79732/0000079732-26-000009-index.html","accession_number":"0000079732-26-000009","cik":"0000079732","ticker":null,"issuer_name":"POTOMAC ELECTRIC POWER CO","edgar_url":"https://www.sec.gov/Archives/edgar/data/79732/0000079732-26-000009-index.html","primary_entity_key":"0000079732","primary_entity_name":"POTOMAC ELECTRIC POWER CO"},"word_count":254,"has_tables":true,"body_markdown":"Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-balance Sheet Arrangement of a Registrant\n\nOn March 19, 2026, Pepco entered into the Pepco Purchase Agreement for the offer and sale of (i) $110 million aggregate principal amount of its First Mortgage Bonds, 5.00% Series due March 19, 2036, (ii) $60 million aggregate principal amount of its First Mortgage Bonds, 5.30% Series due March 19, 2041 and (iii) $130 million aggregate principal amount of its First Mortgage Bonds, 5.74% Series due June 17, 2056 (the Subsequent Pepco Bonds). The form of the Subsequent Pepco Bonds is incorporated by reference herein as Exhibit 4.1.\n\nThe Subsequent Pepco Bonds were offered and were sold in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended. The closing of the sale of the Subsequent Pepco Bonds occurred on June 17, 2026. Pepco intends to apply the proceeds of the sale of the Subsequent Pepco Bonds to repay existing indebtedness and for general corporate purposes.\n\nThe Subsequent Pepco Bonds were issued under and in accordance with the Mortgage and Deed of Trust, dated as of July 1, 1936, from Pepco to the Mortgage Trustee, as amended and supplemented by various instruments including that certain Supplemental Indenture to the Mortgage and Deed of Trust, dated as of March 1, 2026 (the Pepco Supplemental Indenture), establishing the terms of the Initial Pepco Bonds. A copy of the Pepco Supplemental Indenture is incorporated by reference herein as Exhibit 4.2."}