Realistic and Prudent Business Plan Liquidity
Ended year at $1.6 billion
- $759 million common offering
- $320 million of unforecasted liquidity needs
- Avoided short-term borrowings
Current liquidity of $750 million
- Spent $150 million above internal cash generation in January
- Additional $150 million of capital in January to support marketing and risk management activities
- $600 million of capital to support Asia refinancing
Expect to end 2002 with $1.1 billion of liquidity
- $1.6 billion of asset sales
- $1 billion adjusted cash from operations
- $1.9 billion capital budget
- $500 million to fund Pepco TPA liabilities