Cover Page
Cover Page | 6 Months Ended |
Jun. 30, 2019shares | |
Document Quarterly Report | true |
Document Type | 10-Q |
Document Period End Date | Jun. 30, 2019 |
Document Transition Report | false |
Entity File Number | 001-16169 |
Entity Registrant Name | EXELON CORPORATION |
Entity Tax Identification Number | 23-2990190 |
Entity Incorporation, State or Country Code | PA |
Entity Address, Address Line One | 10 South Dearborn Street |
Entity Address, Address Line Two | P.O. Box 805379 |
Entity Address, City or Town | Chicago |
Entity Address, State or Province | IL |
Entity Address, Postal Zip Code | 60680-5379 |
City Area Code | (800) |
Local Phone Number | 483-3220 |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Filer Category | Large Accelerated Filer |
Entity Small Business | false |
Entity Emerging Growth Company | false |
Entity Shell Company | false |
Entity Common Stock Shares Outstanding | 971,584,496 |
Document Fiscal Year Focus | 2019 |
Document Fiscal Period Focus | Q2 |
Current Fiscal Year End Date | --12-31 |
Entity Central Index Key | 0001109357 |
Amendment Flag | false |
Exelon Generation Co L L C [Member] | |
Entity File Number | 333-85496 |
Entity Registrant Name | EXELON GENERATION COMPANY, LLC |
Entity Tax Identification Number | 23-3064219 |
Entity Incorporation, State or Country Code | PA |
Entity Address, Address Line One | 300 Exelon Way |
Entity Address, City or Town | Kennett Square |
Entity Address, State or Province | PA |
Entity Address, Postal Zip Code | 19348-2473 |
City Area Code | (610) |
Local Phone Number | 765-5959 |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business | false |
Entity Emerging Growth Company | false |
Entity Central Index Key | 0001168165 |
Commonwealth Edison Co [Member] | |
Entity File Number | 001-1839 |
Entity Registrant Name | COMMONWEALTH EDISON COMPANY |
Entity Tax Identification Number | 36-0938600 |
Entity Incorporation, State or Country Code | IL |
Entity Address, Address Line One | 440 South LaSalle Street |
Entity Address, City or Town | Chicago |
Entity Address, State or Province | IL |
Entity Address, Postal Zip Code | 60605-1028 |
City Area Code | (312) |
Local Phone Number | 394-4321 |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business | false |
Entity Emerging Growth Company | false |
Entity Common Stock Shares Outstanding | 127,021,343 |
Entity Central Index Key | 0000022606 |
PECO Energy Co [Member] | |
Entity File Number | 000-16844 |
Entity Registrant Name | PECO ENERGY COMPANY |
Entity Tax Identification Number | 23-0970240 |
Entity Incorporation, State or Country Code | PA |
Entity Address, Address Line One | P.O. Box 8699 |
Entity Address, Address Line Two | 2301 Market Street |
Entity Address, City or Town | Philadelphia |
Entity Address, State or Province | PA |
Entity Address, Postal Zip Code | 19101-8699 |
City Area Code | (215) |
Local Phone Number | 841-4000 |
Title of 12(b) Security | Cumulative Preferred Security, Series D, |
Trading Symbol | EXC/28 |
Security Exchange Name | NYSE |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business | false |
Entity Emerging Growth Company | false |
Entity Common Stock Shares Outstanding | 170,478,507 |
Entity Central Index Key | 0000078100 |
Baltimore Gas and Electric Company [Member] | |
Entity File Number | 001-1910 |
Entity Registrant Name | BALTIMORE GAS AND ELECTRIC COMPANY |
Entity Tax Identification Number | 52-0280210 |
Entity Incorporation, State or Country Code | MD |
Entity Address, Address Line One | 2 Center Plaza |
Entity Address, Address Line Two | 110 West Fayette Street |
Entity Address, City or Town | Baltimore |
Entity Address, State or Province | MD |
Entity Address, Postal Zip Code | 21201-3708 |
City Area Code | (410) |
Local Phone Number | 234-5000 |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business | false |
Entity Emerging Growth Company | false |
Entity Common Stock Shares Outstanding | 1,000 |
Entity Central Index Key | 0000009466 |
Pepco Holdings LLC [Member] | |
Entity File Number | 001-31403 |
Entity Registrant Name | PEPCO HOLDINGS LLC |
Entity Tax Identification Number | 52-2297449 |
Entity Incorporation, State or Country Code | DE |
Entity Address, Address Line One | 701 Ninth Street, N.W. |
Entity Address, City or Town | Washington, District of Columbia |
Entity Address, Postal Zip Code | 20068 |
City Area Code | (202) |
Local Phone Number | 872-2000 |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business | false |
Entity Emerging Growth Company | false |
Entity Central Index Key | 0001135971 |
Potomac Electric Power Company [Member] | |
Entity File Number | 001-01072 |
Entity Registrant Name | POTOMAC ELECTRIC POWER COMPANY |
Entity Tax Identification Number | 53-0127880 |
Entity Incorporation, State or Country Code | DC |
Entity Address, Address Line One | 701 Ninth Street, N.W. |
Entity Address, City or Town | Washington, District of Columbia |
Entity Address, Postal Zip Code | 20068 |
City Area Code | (202) |
Local Phone Number | 872-2000 |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business | false |
Entity Emerging Growth Company | false |
Entity Common Stock Shares Outstanding | 100 |
Entity Central Index Key | 0000079732 |
Delmarva Power and Light Company [Member] | |
Entity File Number | 001-01405 |
Entity Registrant Name | DELMARVA POWER & LIGHT COMPANY |
Entity Tax Identification Number | 51-0084283 |
Entity Incorporation, State or Country Code | DE |
Entity Address, Address Line One | 500 North Wakefield Drive |
Entity Address, City or Town | Newark |
Entity Address, State or Province | DE |
Entity Address, Postal Zip Code | 19702 |
City Area Code | (202 |
Local Phone Number | 872-2000 |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business | false |
Entity Emerging Growth Company | false |
Entity Common Stock Shares Outstanding | 1,000 |
Entity Central Index Key | 0000027879 |
Atlantic City Electric Company [Member] | |
Entity File Number | 001-03559 |
Entity Registrant Name | ATLANTIC CITY ELECTRIC COMPANY |
Entity Tax Identification Number | 21-0398280 |
Entity Incorporation, State or Country Code | NJ |
Entity Address, Address Line One | 500 North Wakefield Drive |
Entity Address, City or Town | Newark |
Entity Address, State or Province | DE |
Entity Address, Postal Zip Code | 19702 |
City Area Code | (202) |
Local Phone Number | 872-2000 |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business | false |
Entity Emerging Growth Company | false |
Entity Common Stock Shares Outstanding | 8,546,017 |
Entity Central Index Key | 0000008192 |
Common Stock [Member] | CHICAGO STOCK EXCHANGE, INC [Member] | |
Title of 12(b) Security | Common stock, without par value |
Trading Symbol | EXC |
Security Exchange Name | CHX |
Common Stock [Member] | NEW YORK STOCK EXCHANGE, INC. [Member] | |
Title of 12(b) Security | Common stock, without par value |
Trading Symbol | EXC |
Security Exchange Name | NYSE |
Junior Subordinated Debt [Member] | |
Title of 12(b) Security | Series A Junior Debt Subordinated Debentures |
Trading Symbol | EXC22 |
Security Exchange Name | NYSE |
VIRGINIA | Potomac Electric Power Company [Member] | |
Entity Incorporation, State or Country Code | VA |
VIRGINIA | Delmarva Power and Light Company [Member] | |
Entity Incorporation, State or Country Code | VA |
Consolidated Statements of Oper
Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | ||
Operating revenues | |||||
Revenues from alternative revenue programs | $ (13) | $ (26) | $ (19) | $ (16) | |
Operating revenues from affiliates | 0 | 0 | 0 | 0 | |
Total operating revenues | 7,689 | 8,076 | 17,166 | 17,769 | |
Operating expenses | |||||
Operating and maintenance | 2,159 | 2,307 | 4,347 | 4,691 | |
Depreciation and amortization | 1,079 | 1,088 | 2,154 | 2,179 | |
Taxes other than income | 418 | 428 | 863 | 874 | |
Total operating expenses | 6,881 | 7,138 | 15,142 | 15,786 | |
Gain on sales of assets and businesses | 33 | 4 | 36 | 60 | |
Operating income | 841 | 942 | 2,060 | 2,043 | |
Other income and (deductions) | |||||
Interest expense, net | (403) | (367) | (800) | (732) | |
Interest expense to affiliates | (6) | (6) | (13) | (13) | |
Other, net | 212 | 44 | 679 | 17 | |
Total other income and (deductions) | (197) | (329) | (134) | (728) | |
Income before income taxes | 644 | 613 | 1,926 | 1,315 | |
Income taxes | 144 | 66 | 454 | 125 | |
Equity in losses of unconsolidated affiliates | (6) | (5) | (12) | (11) | |
Net income | 494 | 542 | 1,460 | 1,179 | |
Net income attributable to noncontrolling interests | 10 | 3 | 69 | 54 | |
Net income (loss) attributable to common shareholders | 484 | 539 | 1,391 | 1,125 | |
Other comprehensive (loss) income, net of income taxes | |||||
Prior service benefit reclassified to periodic benefit cost | (16) | (17) | (32) | (33) | |
Actuarial loss reclassified to periodic benefit cost | 36 | 61 | 74 | 123 | |
Pension and non-pension postretirement benefit plan valuation adjustment | 0 | (1) | (39) | 18 | |
Unrealized (loss) gain on cash flow hedges | 0 | 4 | 0 | 12 | |
Unrealized (loss) gain on investments in unconsolidated affiliates | (2) | 2 | (4) | 3 | |
Unrealized gain (loss) on foreign currency translation | 3 | (5) | 4 | (6) | |
Other comprehensive income | 21 | 44 | 3 | 117 | |
Comprehensive income | 515 | 586 | 1,463 | 1,296 | |
Comprehensive income attributable to noncontrolling interests | 9 | 4 | 67 | 56 | |
Comprehensive income attributable to common shareholders/membership interest | $ 506 | $ 582 | $ 1,396 | $ 1,240 | |
Average shares of common stock outstanding: | |||||
Basic average shares of common stock outstanding | 972 | 967 | 972 | 967 | |
Assumed exercise and/or distributions of stock-based awards | 2 | 2 | 1 | 1 | |
Diluted average shares of common stock outstanding | [1] | 974 | 969 | 973 | 968 |
Earnings per average common share: | |||||
Basic earnings per average common share | $ 0.50 | $ 0.56 | $ 1.43 | $ 1.16 | |
Diluted earnings per average common share | $ 0.50 | $ 0.56 | $ 1.43 | $ 1.16 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 2 | 5 | |||
Exelon Generation Co L L C [Member] | |||||
Operating revenues | |||||
Operating revenues from affiliates | $ 252 | $ 273 | $ 569 | $ 671 | |
Total operating revenues | 4,210 | 4,579 | 9,506 | 10,090 | |
Operating expenses | |||||
Purchased power and/or fuel from affiliates | 3 | 3 | 4 | 7 | |
Operating and maintenance | 1,117 | 1,247 | 2,185 | 2,425 | |
Operating and maintenance from affiliates | 149 | 171 | 299 | 331 | |
Depreciation and amortization | 409 | 466 | 814 | 914 | |
Taxes other than income | 129 | 134 | 264 | 272 | |
Total operating expenses | 4,096 | 4,298 | 9,059 | 9,515 | |
Gain on sales of assets and businesses | 33 | 1 | 33 | 54 | |
Operating income | 147 | 282 | 480 | 629 | |
Other income and (deductions) | |||||
Interest expense, net | (107) | (93) | (209) | (184) | |
Interest expense to affiliates | (9) | (9) | (18) | (18) | |
Other, net | 171 | 29 | 601 | (15) | |
Total other income and (deductions) | 55 | (73) | 374 | (217) | |
Income before income taxes | 202 | 209 | 854 | 412 | |
Income taxes | 78 | 23 | 301 | 32 | |
Equity in losses of unconsolidated affiliates | (6) | (5) | (13) | (12) | |
Net income | 118 | 181 | 540 | 368 | |
Net income attributable to noncontrolling interests | 10 | 3 | 68 | 54 | |
Net income attributable to membership interest | 108 | 178 | 472 | 314 | |
Other comprehensive (loss) income, net of income taxes | |||||
Unrealized (loss) gain on cash flow hedges | (1) | 5 | 0 | 12 | |
Unrealized (loss) gain on investments in unconsolidated affiliates | (2) | 2 | (4) | 3 | |
Unrealized gain (loss) on foreign currency translation | 2 | (5) | 4 | (6) | |
Other comprehensive income | (1) | 2 | 0 | 9 | |
Comprehensive income | 117 | 183 | 540 | 377 | |
Comprehensive income attributable to noncontrolling interests | 9 | 4 | 66 | 56 | |
Comprehensive income attributable to common shareholders/membership interest | 108 | 179 | 474 | 321 | |
Commonwealth Edison Co [Member] | |||||
Operating revenues | |||||
Revenues from alternative revenue programs | (14) | (17) | (42) | (12) | |
Operating revenues from affiliates | 5 | 5 | 9 | 19 | |
Total operating revenues | 1,351 | 1,398 | 2,759 | 2,910 | |
Operating expenses | |||||
Purchased power and/or fuel from affiliates | 91 | 104 | 187 | 298 | |
Operating and maintenance | 245 | 255 | 504 | 509 | |
Operating and maintenance from affiliates | 60 | 69 | 122 | 129 | |
Depreciation and amortization | 257 | 231 | 508 | 459 | |
Taxes other than income | 71 | 79 | 148 | 156 | |
Total operating expenses | 1,040 | 1,111 | 2,174 | 2,335 | |
Gain on sales of assets and businesses | 0 | 1 | 3 | 5 | |
Operating income | 311 | 288 | 588 | 580 | |
Other income and (deductions) | |||||
Interest expense, net | (86) | (82) | (171) | (168) | |
Interest expense to affiliates | (3) | (3) | (7) | (7) | |
Other, net | 10 | 4 | 19 | 12 | |
Total other income and (deductions) | (79) | (81) | (159) | (163) | |
Income before income taxes | 232 | 207 | 429 | 417 | |
Income taxes | 46 | 43 | 85 | 88 | |
Net income | 186 | 164 | 344 | 329 | |
Other comprehensive (loss) income, net of income taxes | |||||
Comprehensive income | 186 | 164 | 344 | 329 | |
PECO Energy Co [Member] | |||||
Operating revenues | |||||
Revenues from alternative revenue programs | (3) | 2 | (6) | 1 | |
Operating revenues from affiliates | 2 | 2 | 3 | 3 | |
Total operating revenues | 655 | 653 | 1,554 | 1,518 | |
Operating expenses | |||||
Purchased power and/or fuel from affiliates | 35 | 24 | 79 | 60 | |
Operating and maintenance | 162 | 153 | 349 | 387 | |
Operating and maintenance from affiliates | 37 | 38 | 75 | 79 | |
Depreciation and amortization | 83 | 74 | 164 | 149 | |
Taxes other than income | 37 | 39 | 79 | 79 | |
Total operating expenses | 510 | 526 | 1,187 | 1,249 | |
Operating income | 145 | 127 | 367 | 269 | |
Other income and (deductions) | |||||
Interest expense, net | (30) | (28) | (61) | (57) | |
Interest expense to affiliates | (3) | (4) | (6) | (7) | |
Other, net | 3 | 0 | 7 | 2 | |
Total other income and (deductions) | (30) | (32) | (60) | (62) | |
Income before income taxes | 115 | 95 | 307 | 207 | |
Income taxes | 13 | (1) | 37 | (3) | |
Net income | 102 | 96 | 270 | 210 | |
Other comprehensive (loss) income, net of income taxes | |||||
Comprehensive income | 102 | 96 | 270 | 210 | |
Baltimore Gas and Electric Company [Member] | |||||
Operating revenues | |||||
Revenues from alternative revenue programs | 6 | (4) | 17 | (17) | |
Operating revenues from affiliates | 6 | 6 | 12 | 12 | |
Total operating revenues | 649 | 662 | 1,625 | 1,639 | |
Operating expenses | |||||
Purchased power and/or fuel from affiliates | 56 | 62 | 132 | 127 | |
Operating and maintenance | 142 | 135 | 294 | 318 | |
Operating and maintenance from affiliates | 40 | 41 | 78 | 79 | |
Depreciation and amortization | 117 | 114 | 252 | 248 | |
Taxes other than income | 62 | 59 | 131 | 124 | |
Total operating expenses | 569 | 578 | 1,325 | 1,378 | |
Gain on sales of assets and businesses | 0 | 1 | 0 | 1 | |
Operating income | 80 | 85 | 300 | 262 | |
Other income and (deductions) | |||||
Interest expense, net | (29) | (25) | (58) | (51) | |
Other, net | 5 | 4 | 11 | 9 | |
Total other income and (deductions) | (24) | (21) | (47) | (42) | |
Income before income taxes | 56 | 64 | 253 | 220 | |
Income taxes | 11 | 13 | 47 | 41 | |
Net income | 45 | 51 | 206 | 179 | |
Other comprehensive (loss) income, net of income taxes | |||||
Comprehensive income | 45 | 51 | 206 | 179 | |
Pepco Holdings LLC [Member] | |||||
Operating revenues | |||||
Revenues from alternative revenue programs | (3) | (7) | 12 | 12 | |
Operating revenues from affiliates | 3 | 3 | 7 | 7 | |
Total operating revenues | 1,091 | 1,076 | 2,319 | 2,327 | |
Operating expenses | |||||
Purchased power and/or fuel from affiliates | 70 | 81 | 171 | 186 | |
Operating and maintenance | 213 | 218 | 452 | 489 | |
Operating and maintenance from affiliates | 35 | 37 | 68 | 74 | |
Depreciation and amortization | 188 | 180 | 369 | 363 | |
Taxes other than income | 108 | 107 | 220 | 221 | |
Total operating expenses | 926 | 923 | 1,981 | 2,048 | |
Operating income | 165 | 153 | 338 | 279 | |
Other income and (deductions) | |||||
Interest expense, net | (67) | (65) | (131) | (128) | |
Other, net | 14 | 11 | 27 | 22 | |
Total other income and (deductions) | (53) | (54) | (104) | (106) | |
Income before income taxes | 112 | 99 | 234 | 173 | |
Income taxes | 6 | 15 | 11 | 24 | |
Net income | 106 | 84 | 223 | 149 | |
Other comprehensive (loss) income, net of income taxes | |||||
Comprehensive income attributable to common shareholders/membership interest | 106 | 84 | 223 | 149 | |
Potomac Electric Power Company [Member] | |||||
Operating revenues | |||||
Revenues from alternative revenue programs | (1) | (10) | 13 | 10 | |
Operating revenues from affiliates | 1 | 2 | 3 | 3 | |
Total operating revenues | 531 | 523 | 1,106 | 1,080 | |
Operating expenses | |||||
Purchased power and/or fuel from affiliates | 52 | 46 | 122 | 98 | |
Operating and maintenance | 59 | 60 | 123 | 133 | |
Operating and maintenance from affiliates | 52 | 56 | 107 | 113 | |
Depreciation and amortization | 93 | 92 | 186 | 188 | |
Taxes other than income | 90 | 90 | 182 | 183 | |
Total operating expenses | 438 | 438 | 929 | 939 | |
Operating income | 93 | 85 | 177 | 141 | |
Other income and (deductions) | |||||
Interest expense, net | (34) | (32) | (68) | (63) | |
Other, net | 7 | 8 | 14 | 16 | |
Total other income and (deductions) | (27) | (24) | (54) | (47) | |
Income before income taxes | 66 | 61 | 123 | 94 | |
Income taxes | 2 | 7 | 4 | 9 | |
Net income | 64 | 54 | 119 | 85 | |
Other comprehensive (loss) income, net of income taxes | |||||
Comprehensive income | 64 | 54 | 119 | 85 | |
Delmarva Power and Light Company [Member] | |||||
Operating revenues | |||||
Revenues from alternative revenue programs | 0 | 4 | 1 | 5 | |
Operating revenues from affiliates | 2 | 2 | 3 | 4 | |
Total operating revenues | 287 | 289 | 667 | 673 | |
Operating expenses | |||||
Purchased power and/or fuel from affiliates | 12 | 30 | 35 | 76 | |
Operating and maintenance | 39 | 36 | 84 | 94 | |
Operating and maintenance from affiliates | 38 | 41 | 76 | 81 | |
Depreciation and amortization | 45 | 43 | 91 | 88 | |
Taxes other than income | 14 | 13 | 28 | 28 | |
Total operating expenses | 243 | 247 | 550 | 582 | |
Operating income | 44 | 42 | 117 | 91 | |
Other income and (deductions) | |||||
Interest expense, net | (15) | (14) | (30) | (27) | |
Other, net | 5 | 3 | 7 | 5 | |
Total other income and (deductions) | (10) | (11) | (23) | (22) | |
Income before income taxes | 34 | 31 | 94 | 69 | |
Income taxes | 4 | 5 | 11 | 12 | |
Net income | 30 | 26 | 83 | 57 | |
Other comprehensive (loss) income, net of income taxes | |||||
Comprehensive income | 30 | 26 | 83 | 57 | |
Atlantic City Electric Company [Member] | |||||
Operating revenues | |||||
Revenues from alternative revenue programs | (2) | (1) | (1) | (3) | |
Operating revenues from affiliates | 1 | 1 | 1 | 2 | |
Total operating revenues | 274 | 265 | 547 | 575 | |
Operating expenses | |||||
Purchased power and/or fuel from affiliates | 6 | 6 | 13 | 12 | |
Operating and maintenance | 41 | 40 | 88 | 95 | |
Operating and maintenance from affiliates | 33 | 35 | 67 | 70 | |
Depreciation and amortization | 40 | 36 | 71 | 69 | |
Taxes other than income | 1 | 1 | 2 | 3 | |
Total operating expenses | 246 | 240 | 498 | 526 | |
Operating income | 28 | 25 | 49 | 49 | |
Other income and (deductions) | |||||
Interest expense, net | (15) | (16) | (28) | (32) | |
Other, net | 1 | 1 | 4 | 1 | |
Total other income and (deductions) | (14) | (15) | (24) | (31) | |
Income before income taxes | 14 | 10 | 25 | 18 | |
Income taxes | 0 | 2 | 1 | 3 | |
Net income | 14 | 8 | 24 | 15 | |
Other comprehensive (loss) income, net of income taxes | |||||
Comprehensive income | 14 | 8 | 24 | 15 | |
Generation commodities and services | |||||
Operating revenues | |||||
Revenue from Contract with Customer, Including Assessed Tax | 3,959 | 4,305 | 8,938 | 9,417 | |
Operating expenses | |||||
Purchased power and/or fuel | 2,289 | 2,277 | 5,493 | 5,566 | |
Generation commodities and services | Exelon Generation Co L L C [Member] | |||||
Operating revenues | |||||
Revenue from Contract with Customer, Including Assessed Tax | 3,958 | 4,306 | 8,937 | 9,419 | |
Operating expenses | |||||
Purchased power and/or fuel | 2,289 | 2,277 | 5,493 | 5,566 | |
Rate-regulated utility revenues | |||||
Operating revenues | |||||
Revenue from Contract with Customer, Including Assessed Tax | 3,743 | 3,797 | 8,247 | 8,368 | |
Operating expenses | |||||
Purchased power and/or fuel | 936 | 1,038 | 2,285 | 2,476 | |
Electricity, US Regulated | Commonwealth Edison Co [Member] | |||||
Operating revenues | |||||
Revenue from Contract with Customer, Including Assessed Tax | 1,360 | 1,410 | 2,792 | 2,903 | |
Operating expenses | |||||
Purchased power and/or fuel | 316 | 373 | 705 | 784 | |
Electricity, US Regulated | PECO Energy Co [Member] | |||||
Operating revenues | |||||
Revenue from Contract with Customer, Including Assessed Tax | 567 | 556 | 1,188 | 1,189 | |
Operating expenses | |||||
Purchased power and/or fuel | 124 | 161 | 275 | 361 | |
Electricity, US Regulated | Baltimore Gas and Electric Company [Member] | |||||
Operating revenues | |||||
Revenue from Contract with Customer, Including Assessed Tax | 540 | 542 | 1,191 | 1,196 | |
Operating expenses | |||||
Purchased power and/or fuel | 131 | 135 | 322 | 327 | |
Electricity, US Regulated | Pepco Holdings LLC [Member] | |||||
Operating revenues | |||||
Revenue from Contract with Customer, Including Assessed Tax | 1,067 | 1,052 | 2,205 | 2,202 | |
Operating expenses | |||||
Purchased power and/or fuel | 303 | 288 | 658 | 662 | |
Electricity, US Regulated | Potomac Electric Power Company [Member] | |||||
Operating revenues | |||||
Revenue from Contract with Customer, Including Assessed Tax | 531 | 531 | 1,090 | 1,067 | |
Operating expenses | |||||
Purchased power and/or fuel | 92 | 94 | 209 | 224 | |
Electricity, US Regulated | Delmarva Power and Light Company [Member] | |||||
Operating revenues | |||||
Revenue from Contract with Customer, Including Assessed Tax | 261 | 255 | 568 | 558 | |
Operating expenses | |||||
Purchased power and/or fuel | 86 | 72 | 193 | 162 | |
Electricity, US Regulated | Atlantic City Electric Company [Member] | |||||
Operating revenues | |||||
Revenue from Contract with Customer, Including Assessed Tax | 275 | 265 | 547 | 576 | |
Operating expenses | |||||
Purchased power and/or fuel | 125 | 122 | 257 | 277 | |
Natural Gas, US Regulated | PECO Energy Co [Member] | |||||
Operating revenues | |||||
Revenue from Contract with Customer, Including Assessed Tax | 89 | 93 | 369 | 325 | |
Operating expenses | |||||
Purchased power and/or fuel | 32 | 37 | 166 | 134 | |
Natural Gas, US Regulated | Baltimore Gas and Electric Company [Member] | |||||
Operating revenues | |||||
Revenue from Contract with Customer, Including Assessed Tax | 97 | 118 | 405 | 448 | |
Operating expenses | |||||
Purchased power and/or fuel | 21 | 32 | 116 | 155 | |
Natural Gas, US Regulated | Pepco Holdings LLC [Member] | |||||
Operating revenues | |||||
Revenue from Contract with Customer, Including Assessed Tax | 24 | 28 | 95 | 106 | |
Operating expenses | |||||
Purchased power and/or fuel | 9 | 12 | 43 | 53 | |
Natural Gas, US Regulated | Delmarva Power and Light Company [Member] | |||||
Operating revenues | |||||
Revenue from Contract with Customer, Including Assessed Tax | 24 | 28 | 95 | 106 | |
Operating expenses | |||||
Purchased power and/or fuel | $ 9 | $ 12 | $ 43 | $ 53 | |
[1] | The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was immaterial for the three and six months ended June 30, 2019 and approximately 2 million and 5 million for the three and six months ended June 30, 2018 , respectively. |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
Cash flows from operating activities | ||
Net income | $ 1,460 | $ 1,179 |
Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization | 2,922 | 3,000 |
Impairment of long-lived assets | 9 | 41 |
Gain on sales of assets and businesses | (33) | (60) |
Deferred income taxes and amortization of investment tax credits | 284 | (2) |
Net fair value changes related to derivatives | 107 | 151 |
Net realized and unrealized (gains) losses on NDT funds | (404) | 80 |
Other non-cash operating activities | 277 | 479 |
Changes in assets and liabilities: | ||
Accounts receivable | 618 | (105) |
Inventories | 19 | 60 |
Accounts payable and accrued expenses | (924) | (342) |
Option premiums received (paid), net | 48 | (36) |
Collateral (posted) received, net | (311) | 81 |
Income taxes | 151 | 129 |
Pension and non-pension postretirement benefit contributions | (355) | (345) |
Other assets and liabilities | (970) | (441) |
Net cash flows provided by operating activities | 2,898 | 3,869 |
Cash flows from investing activities | ||
Capital expenditures | (3,572) | (3,807) |
Proceeds from NDT fund sales | 6,920 | 3,822 |
Investment in NDT funds | (6,847) | (3,924) |
Acquisition of assets and businesses, net | 0 | (57) |
Proceeds from sales of assets and businesses | 14 | 89 |
Other investing activities | 26 | 31 |
Net cash flows used in investing activities | (3,459) | (3,846) |
Cash flows from financing activities | ||
Changes in short-term borrowings | 470 | 200 |
Proceeds from short-term borrowings with maturities greater than 90 days | 0 | 126 |
Repayments on short-term borrowings with maturities greater than 90 days | (125) | (1) |
Issuance of long-term debt | 850 | 1,488 |
Retirement of long-term debt | (574) | (1,309) |
Dividends paid on common stock | (704) | (666) |
Proceeds from employee stock plans | 75 | 27 |
Other financing activities | (34) | (50) |
Net cash flows provided by (used in) financing activities | (42) | (185) |
Increase (Decrease) in cash, cash equivalents and restricted cash | (603) | (162) |
Cash, cash equivalents and restricted cash at beginning of period | 1,781 | 1,190 |
Cash, cash equivalents and restricted cash at end of period | 1,178 | 1,028 |
Supplemental Cash Flow Information | ||
Increase (Decrease) in capital expenditures not paid | (133) | (283) |
Change in PPE related to ARO update | 301 | 47 |
Exelon Generation Co L L C [Member] | ||
Cash flows from operating activities | ||
Net income | 540 | 368 |
Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization | 1,580 | 1,735 |
Impairment of long-lived assets | 9 | 41 |
Gain on sales of assets and businesses | (33) | (54) |
Deferred income taxes and amortization of investment tax credits | 151 | (149) |
Net fair value changes related to derivatives | 114 | 158 |
Net realized and unrealized (gains) losses on NDT funds | (404) | 80 |
Other non-cash operating activities | (50) | 85 |
Changes in assets and liabilities: | ||
Accounts receivable | 472 | 258 |
Receivables from and payables to affiliates, net | (18) | 7 |
Inventories | 32 | 34 |
Accounts payable and accrued expenses | (507) | (272) |
Option premiums received (paid), net | 48 | (36) |
Collateral (posted) received, net | (318) | 91 |
Income taxes | 321 | 58 |
Pension and non-pension postretirement benefit contributions | (158) | (129) |
Other assets and liabilities | (351) | (212) |
Net cash flows provided by operating activities | 1,428 | 2,063 |
Cash flows from investing activities | ||
Capital expenditures | (890) | (1,298) |
Proceeds from NDT fund sales | 6,920 | 3,822 |
Investment in NDT funds | (6,847) | (3,924) |
Acquisition of assets and businesses, net | 0 | (57) |
Proceeds from sales of assets and businesses | 14 | 89 |
Changes in Exelon/PHI intercompany money pool | (179) | (185) |
Other investing activities | 8 | 4 |
Net cash flows used in investing activities | (974) | (1,549) |
Cash flows from financing activities | ||
Issuance of long-term debt | 40 | 13 |
Retirement of long-term debt | (130) | (76) |
Changes in Exelon/PHI intercompany money pool | (100) | (54) |
Distributions to member | (449) | (377) |
Other financing activities | (21) | (24) |
Net cash flows provided by (used in) financing activities | (660) | (518) |
Increase (Decrease) in cash, cash equivalents and restricted cash | (206) | (4) |
Cash, cash equivalents and restricted cash at beginning of period | 903 | 554 |
Cash, cash equivalents and restricted cash at end of period | 697 | 550 |
Supplemental Cash Flow Information | ||
Increase (Decrease) in capital expenditures not paid | (30) | (310) |
Change in PPE related to ARO update | 301 | 47 |
Commonwealth Edison Co [Member] | ||
Cash flows from operating activities | ||
Net income | 344 | 329 |
Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization | 508 | 459 |
Deferred income taxes and amortization of investment tax credits | 64 | 84 |
Other non-cash operating activities | 87 | 117 |
Changes in assets and liabilities: | ||
Accounts receivable | 56 | (133) |
Receivables from and payables to affiliates, net | (16) | 15 |
Inventories | (5) | 5 |
Accounts payable and accrued expenses | (121) | (41) |
Collateral (posted) received, net | 11 | (13) |
Income taxes | 43 | (15) |
Pension and non-pension postretirement benefit contributions | (68) | (39) |
Other assets and liabilities | (236) | (166) |
Net cash flows provided by operating activities | 667 | 602 |
Cash flows from investing activities | ||
Capital expenditures | (961) | (1,026) |
Other investing activities | 17 | 17 |
Net cash flows used in investing activities | (944) | (1,009) |
Cash flows from financing activities | ||
Changes in short-term borrowings | 303 | 320 |
Issuance of long-term debt | 400 | 800 |
Retirement of long-term debt | (300) | (700) |
Contributions from parent | 124 | 225 |
Dividends paid on common stock | (254) | (229) |
Other financing activities | (10) | (10) |
Net cash flows provided by (used in) financing activities | 263 | 406 |
Increase (Decrease) in cash, cash equivalents and restricted cash | (14) | (1) |
Cash, cash equivalents and restricted cash at beginning of period | 330 | 144 |
Cash, cash equivalents and restricted cash at end of period | 316 | 143 |
Supplemental Cash Flow Information | ||
Increase (Decrease) in capital expenditures not paid | (77) | (22) |
PECO Energy Co [Member] | ||
Cash flows from operating activities | ||
Net income | 270 | 210 |
Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization | 164 | 149 |
Deferred income taxes and amortization of investment tax credits | 8 | (10) |
Other non-cash operating activities | 15 | 22 |
Changes in assets and liabilities: | ||
Accounts receivable | 39 | (43) |
Receivables from and payables to affiliates, net | (4) | (4) |
Inventories | 12 | 4 |
Accounts payable and accrued expenses | (31) | (18) |
Income taxes | (11) | 19 |
Pension and non-pension postretirement benefit contributions | (27) | (25) |
Other assets and liabilities | (117) | (50) |
Net cash flows provided by operating activities | 318 | 254 |
Cash flows from investing activities | ||
Capital expenditures | (447) | (411) |
Other investing activities | 4 | 5 |
Net cash flows used in investing activities | (443) | (406) |
Cash flows from financing activities | ||
Changes in short-term borrowings | 0 | 50 |
Issuance of long-term debt | 0 | 375 |
Retirement of long-term debt | 0 | (500) |
Changes in Exelon/PHI intercompany money pool | 52 | 233 |
Contributions from parent | 145 | 41 |
Dividends paid on common stock | (180) | (293) |
Other financing activities | (1) | (6) |
Net cash flows provided by (used in) financing activities | 16 | (100) |
Increase (Decrease) in cash, cash equivalents and restricted cash | (109) | (252) |
Cash, cash equivalents and restricted cash at beginning of period | 135 | 275 |
Cash, cash equivalents and restricted cash at end of period | 26 | 23 |
Supplemental Cash Flow Information | ||
Increase (Decrease) in capital expenditures not paid | 33 | (17) |
Baltimore Gas and Electric Company [Member] | ||
Cash flows from operating activities | ||
Net income | 206 | 179 |
Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization | 252 | 248 |
Deferred income taxes and amortization of investment tax credits | 47 | 39 |
Other non-cash operating activities | 41 | 27 |
Changes in assets and liabilities: | ||
Accounts receivable | 85 | 73 |
Receivables from and payables to affiliates, net | (14) | (4) |
Inventories | 5 | 5 |
Accounts payable and accrued expenses | (73) | (48) |
Collateral (posted) received, net | (5) | 0 |
Income taxes | (29) | (45) |
Pension and non-pension postretirement benefit contributions | (42) | (49) |
Other assets and liabilities | (21) | 39 |
Net cash flows provided by operating activities | 452 | 464 |
Cash flows from investing activities | ||
Capital expenditures | (542) | (434) |
Other investing activities | 4 | 6 |
Net cash flows used in investing activities | (538) | (428) |
Cash flows from financing activities | ||
Changes in short-term borrowings | 194 | 59 |
Dividends paid on common stock | (112) | (105) |
Net cash flows provided by (used in) financing activities | 82 | (46) |
Increase (Decrease) in cash, cash equivalents and restricted cash | (4) | (10) |
Cash, cash equivalents and restricted cash at beginning of period | 13 | 18 |
Cash, cash equivalents and restricted cash at end of period | 9 | 8 |
Supplemental Cash Flow Information | ||
Increase (Decrease) in capital expenditures not paid | 24 | 10 |
Pepco Holdings LLC [Member] | ||
Cash flows from operating activities | ||
Net income | 223 | 149 |
Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization | 369 | 363 |
Deferred income taxes and amortization of investment tax credits | 2 | 14 |
Other non-cash operating activities | 54 | 71 |
Changes in assets and liabilities: | ||
Accounts receivable | (34) | (28) |
Receivables from and payables to affiliates, net | (8) | 4 |
Inventories | (25) | 8 |
Accounts payable and accrued expenses | (25) | 66 |
Income taxes | (12) | 13 |
Pension and non-pension postretirement benefit contributions | (11) | (62) |
Other assets and liabilities | (114) | (111) |
Net cash flows provided by operating activities | 419 | 487 |
Cash flows from investing activities | ||
Capital expenditures | (698) | (629) |
Other investing activities | 2 | 2 |
Net cash flows used in investing activities | (696) | (627) |
Cash flows from financing activities | ||
Changes in short-term borrowings | (27) | (228) |
Proceeds from short-term borrowings with maturities greater than 90 days | 0 | 125 |
Repayments on short-term borrowings with maturities greater than 90 days | (125) | 0 |
Issuance of long-term debt | 410 | 300 |
Retirement of long-term debt | (125) | (25) |
Changes in Exelon/PHI intercompany money pool | 3 | 7 |
Distributions to member | (216) | (109) |
Contributions from member | 283 | 235 |
Other financing activities | (4) | (7) |
Net cash flows provided by (used in) financing activities | 199 | 298 |
Increase (Decrease) in cash, cash equivalents and restricted cash | (78) | 158 |
Cash, cash equivalents and restricted cash at beginning of period | 186 | 95 |
Cash, cash equivalents and restricted cash at end of period | 108 | 253 |
Supplemental Cash Flow Information | ||
Increase (Decrease) in capital expenditures not paid | (74) | 61 |
Potomac Electric Power Company [Member] | ||
Cash flows from operating activities | ||
Net income | 119 | 85 |
Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization | 186 | 188 |
Deferred income taxes and amortization of investment tax credits | 10 | (8) |
Other non-cash operating activities | 8 | 24 |
Changes in assets and liabilities: | ||
Accounts receivable | (36) | (31) |
Receivables from and payables to affiliates, net | 4 | (11) |
Inventories | (20) | 2 |
Accounts payable and accrued expenses | (25) | 77 |
Income taxes | (23) | 3 |
Pension and non-pension postretirement benefit contributions | (6) | (11) |
Other assets and liabilities | (40) | (91) |
Net cash flows provided by operating activities | 177 | 227 |
Cash flows from investing activities | ||
Capital expenditures | (298) | (287) |
Changes in Exelon/PHI intercompany money pool | (38) | 0 |
Other investing activities | 1 | 2 |
Net cash flows used in investing activities | (335) | (285) |
Cash flows from financing activities | ||
Changes in short-term borrowings | (40) | (26) |
Issuance of long-term debt | 260 | 100 |
Retirement of long-term debt | (117) | (7) |
Contributions from parent | 129 | 85 |
Dividends paid on common stock | (72) | (50) |
Other financing activities | (3) | (4) |
Net cash flows provided by (used in) financing activities | 157 | 98 |
Increase (Decrease) in cash, cash equivalents and restricted cash | (1) | 40 |
Cash, cash equivalents and restricted cash at beginning of period | 53 | 40 |
Cash, cash equivalents and restricted cash at end of period | 52 | 80 |
Supplemental Cash Flow Information | ||
Increase (Decrease) in capital expenditures not paid | (18) | 28 |
Delmarva Power and Light Company [Member] | ||
Cash flows from operating activities | ||
Net income | 83 | 57 |
Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization | 91 | 88 |
Deferred income taxes and amortization of investment tax credits | (5) | 9 |
Other non-cash operating activities | 11 | 14 |
Changes in assets and liabilities: | ||
Accounts receivable | 15 | 18 |
Receivables from and payables to affiliates, net | (11) | (22) |
Inventories | (3) | 4 |
Accounts payable and accrued expenses | 6 | 10 |
Income taxes | 11 | 16 |
Pension and non-pension postretirement benefit contributions | (1) | 0 |
Other assets and liabilities | (26) | 22 |
Net cash flows provided by operating activities | 171 | 216 |
Cash flows from investing activities | ||
Capital expenditures | (160) | (166) |
Other investing activities | 1 | 1 |
Net cash flows used in investing activities | (159) | (165) |
Cash flows from financing activities | ||
Changes in short-term borrowings | 0 | (216) |
Issuance of long-term debt | 0 | 200 |
Retirement of long-term debt | 0 | (4) |
Changes in Exelon/PHI intercompany money pool | 38 | 0 |
Contributions from parent | 0 | 150 |
Dividends paid on common stock | (70) | (40) |
Other financing activities | 0 | (2) |
Net cash flows provided by (used in) financing activities | (32) | 88 |
Increase (Decrease) in cash, cash equivalents and restricted cash | (20) | 139 |
Cash, cash equivalents and restricted cash at beginning of period | 24 | 2 |
Cash, cash equivalents and restricted cash at end of period | 4 | 141 |
Supplemental Cash Flow Information | ||
Increase (Decrease) in capital expenditures not paid | (17) | 17 |
Atlantic City Electric Company [Member] | ||
Cash flows from operating activities | ||
Net income | 24 | 15 |
Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
Depreciation, amortization and accretion, including nuclear fuel and energy contract amortization | 71 | 69 |
Deferred income taxes and amortization of investment tax credits | 2 | 6 |
Other non-cash operating activities | 7 | 12 |
Changes in assets and liabilities: | ||
Accounts receivable | (11) | (13) |
Receivables from and payables to affiliates, net | (9) | (4) |
Inventories | (1) | 4 |
Accounts payable and accrued expenses | 16 | 14 |
Income taxes | 6 | 3 |
Pension and non-pension postretirement benefit contributions | 0 | (6) |
Other assets and liabilities | (44) | (33) |
Net cash flows provided by operating activities | 61 | 67 |
Cash flows from investing activities | ||
Capital expenditures | (227) | (170) |
Other investing activities | 0 | (2) |
Net cash flows used in investing activities | (227) | (172) |
Cash flows from financing activities | ||
Changes in short-term borrowings | 13 | 14 |
Proceeds from short-term borrowings with maturities greater than 90 days | 0 | 125 |
Repayments on short-term borrowings with maturities greater than 90 days | (125) | 0 |
Issuance of long-term debt | 150 | 0 |
Retirement of long-term debt | (9) | (15) |
Contributions from parent | 155 | 0 |
Dividends paid on common stock | (24) | (19) |
Other financing activities | (1) | 0 |
Net cash flows provided by (used in) financing activities | 159 | 105 |
Increase (Decrease) in cash, cash equivalents and restricted cash | (7) | 0 |
Cash, cash equivalents and restricted cash at beginning of period | 30 | 31 |
Cash, cash equivalents and restricted cash at end of period | 23 | 31 |
Supplemental Cash Flow Information | ||
Increase (Decrease) in capital expenditures not paid | $ (35) | $ 14 |
Consolidated Balance Sheets (Un
Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions | Jun. 30, 2019 | Dec. 31, 2018 | |
Current Assets | |||
Cash and cash equivalents | $ 735 | $ 1,349 | |
Restricted cash and cash equivalents | 252 | 247 | |
Accounts receivable, net | |||
Customer | 4,125 | 4,607 | |
Other | 1,008 | 1,256 | |
Mark-to-market derivative assets, current | 526 | 804 | |
Unamortized energy contract assets, current | 47 | 48 | |
Inventories, net | |||
Fossil fuel and emission allowances | 258 | 334 | |
Materials and supplies | 1,412 | 1,351 | |
Regulatory assets, current | 1,194 | 1,222 | |
Assets held for sale | 880 | 904 | |
Other | 1,218 | 1,238 | |
Total current assets | 11,655 | 13,360 | |
Property, plant and equipment, net | 78,030 | 76,707 | |
Deferred debits and other assets | |||
Regulatory assets, noncurrent | 8,166 | 8,237 | |
Nuclear decommissioning trust funds | 12,513 | 11,661 | |
Investments | 618 | 625 | |
Goodwill | 6,677 | 6,677 | |
Mark-to-market derivative assets, noncurrent | 537 | 452 | |
Unamortized energy contract assets, noncurrent | 362 | 372 | |
Other | 3,038 | 1,575 | |
Total deferred debits and other assets | 31,911 | 29,599 | |
Total assets | [1] | 121,596 | 119,666 |
Current Liabilities | |||
Short-term borrowings | 1,059 | 714 | |
Long-term debt due within one year | 3,776 | 1,349 | |
Accounts payable | 3,248 | 3,800 | |
Accrued expenses | 1,706 | 2,112 | |
Payable to affiliates, current | 5 | 5 | |
Regulatory liabilities, current | 403 | 644 | |
Mark-to-market derivative liabilities, current | 163 | 475 | |
Unamortized energy contract liabilities, current | 145 | 149 | |
Renewable energy credit obligation | 298 | 344 | |
Liabilities held for sale | 764 | 777 | |
Other | 1,367 | 1,035 | |
Total current liabilities | 12,934 | 11,404 | |
Long-term debt | 31,909 | 34,075 | |
Long-term debt to financing trusts | 390 | 390 | |
Deferred credits and other liabilities | |||
Deferred income taxes and unamortized investment tax credits | 11,826 | 11,330 | |
Asset retirement obligations, noncurrent | 10,023 | 9,679 | |
Pension obligations | 3,720 | 3,988 | |
Non-pension postretirement benefit obligations | 2,007 | 1,928 | |
Spent nuclear fuel obligation | 1,186 | 1,171 | |
Regulatory liabilities, noncurrent | 9,793 | 9,559 | |
Mark-to-market derivative liabilities, noncurrent | 450 | 479 | |
Unamortized energy contract liabilities, noncurrent | 398 | 463 | |
Other | 3,053 | 2,130 | |
Total deferred credits and other liabilities | 42,456 | 40,727 | |
Total liabilities | [1] | 87,689 | 86,596 |
Commitments and contingencies | |||
Shareholders' equity | |||
Common stock | 19,209 | 19,116 | |
Treasury stock, at cost | (123) | (123) | |
Retained earnings | 15,452 | 14,766 | |
Accumulated other comprehensive loss, net | (2,990) | (2,995) | |
Total shareholders’ equity | 31,548 | 30,764 | |
Member’s equity | |||
Noncontrolling Interests | 2,359 | 2,306 | |
Total equity | 33,907 | 33,070 | |
Total liabilities and shareholders’ equity | 121,596 | 119,666 | |
Variable Interest Entity, Consolidated, Assets, Pledged | 9,526 | 9,667 | |
Variable Interest Entity, Consolidated, Liabilities, No Recourse | 3,568 | 3,548 | |
Exelon Generation Co L L C [Member] | |||
Current Assets | |||
Cash and cash equivalents | 575 | 750 | |
Restricted cash and cash equivalents | 122 | 153 | |
Accounts receivable, net | |||
Customer | 2,528 | 2,941 | |
Other | 326 | 562 | |
Mark-to-market derivative assets, current | 526 | 804 | |
Receivable from affiliates, current | 159 | 173 | |
Receivable from Exelon/PHI intercompany money pool | 179 | 0 | |
Unamortized energy contract assets, current | 47 | 49 | |
Inventories, net | |||
Fossil fuel and emission allowances | 201 | 251 | |
Materials and supplies | 984 | 963 | |
Assets held for sale | 880 | 904 | |
Other | 849 | 883 | |
Total current assets | 7,376 | 8,433 | |
Property, plant and equipment, net | 23,810 | 23,981 | |
Deferred debits and other assets | |||
Nuclear decommissioning trust funds | 12,513 | 11,661 | |
Investments | 401 | 414 | |
Goodwill | 47 | 47 | |
Mark-to-market derivative assets, noncurrent | 533 | 452 | |
Prepaid pension asset | 1,506 | 1,421 | |
Unamortized energy contract assets, noncurrent | 361 | 371 | |
Deferred income taxes | 14 | 21 | |
Other | 1,841 | 755 | |
Total deferred debits and other assets | 17,216 | 15,142 | |
Total assets | [2] | 48,402 | 47,556 |
Current Liabilities | |||
Long-term debt due within one year | 2,733 | 906 | |
Accounts payable | 1,517 | 1,847 | |
Accrued expenses | 767 | 898 | |
Payable to affiliates, current | 122 | 139 | |
Borrowings from Exelon/PHI intercompany money pool | 0 | 100 | |
Mark-to-market derivative liabilities, current | 134 | 449 | |
Unamortized energy contract liabilities, current | 26 | 31 | |
Renewable energy credit obligation | 298 | 343 | |
Liabilities held for sale | 764 | 777 | |
Other | 481 | 279 | |
Total current liabilities | 6,842 | 5,769 | |
Long-term debt | 5,079 | 6,989 | |
Long-term debt to affiliates | 892 | 898 | |
Deferred credits and other liabilities | |||
Deferred income taxes and unamortized investment tax credits | 3,534 | 3,383 | |
Asset retirement obligations, noncurrent | 9,792 | 9,450 | |
Non-pension postretirement benefit obligations | 889 | 900 | |
Spent nuclear fuel obligation | 1,186 | 1,171 | |
Payables to affiliates, noncurrent | 2,928 | 2,606 | |
Mark-to-market derivative liabilities, noncurrent | 206 | 252 | |
Unamortized energy contract liabilities, noncurrent | 13 | 20 | |
Other | 1,449 | 610 | |
Total deferred credits and other liabilities | 19,997 | 18,392 | |
Total liabilities | [2] | 32,810 | 32,048 |
Commitments and contingencies | |||
Shareholders' equity | |||
Retained earnings | 3,746 | 3,724 | |
Accumulated other comprehensive loss, net | (36) | (38) | |
Member’s equity | |||
Membership interest | 9,525 | 9,518 | |
Total members' equity | 13,235 | 13,204 | |
Noncontrolling Interests | 2,357 | 2,304 | |
Total equity | 15,592 | 15,508 | |
Total liabilities and shareholders’ equity | 48,402 | 47,556 | |
Variable Interest Entity, Consolidated, Assets, Pledged | 9,503 | 9,634 | |
Variable Interest Entity, Consolidated, Liabilities, No Recourse | 3,513 | 3,480 | |
Commonwealth Edison Co [Member] | |||
Current Assets | |||
Cash and cash equivalents | 65 | 135 | |
Restricted cash and cash equivalents | 77 | 29 | |
Accounts receivable, net | |||
Customer | 528 | 539 | |
Other | 268 | 320 | |
Receivable from affiliates, current | 20 | 20 | |
Inventories, net | |||
Inventories, net | 151 | 148 | |
Regulatory assets, current | 297 | 293 | |
Other | 76 | 86 | |
Total current assets | 1,482 | 1,570 | |
Property, plant and equipment, net | 22,527 | 22,058 | |
Deferred debits and other assets | |||
Regulatory assets, noncurrent | 1,391 | 1,307 | |
Investments | 6 | 6 | |
Goodwill | 2,625 | 2,625 | |
Receivable from affiliates, noncurrent | 2,458 | 2,217 | |
Prepaid pension asset | 1,046 | 1,035 | |
Other | 354 | 395 | |
Total deferred debits and other assets | 7,880 | 7,585 | |
Total assets | 31,889 | 31,213 | |
Current Liabilities | |||
Short-term borrowings | 303 | 0 | |
Long-term debt due within one year | 0 | 300 | |
Accounts payable | 478 | 607 | |
Accrued expenses | 305 | 373 | |
Payable to affiliates, current | 91 | 119 | |
Customer deposits | 114 | 111 | |
Regulatory liabilities, current | 186 | 293 | |
Mark-to-market derivative liabilities, current | 29 | 26 | |
Other | 126 | 96 | |
Total current liabilities | 1,632 | 1,925 | |
Long-term debt | 8,195 | 7,801 | |
Long-term debt to financing trusts | 205 | 205 | |
Deferred credits and other liabilities | |||
Deferred income taxes and unamortized investment tax credits | 3,929 | 3,813 | |
Asset retirement obligations, noncurrent | 119 | 118 | |
Non-pension postretirement benefit obligations | 191 | 201 | |
Regulatory liabilities, noncurrent | 6,322 | 6,050 | |
Mark-to-market derivative liabilities, noncurrent | 244 | 223 | |
Other | 592 | 630 | |
Total deferred credits and other liabilities | 11,397 | 11,035 | |
Total liabilities | 21,429 | 20,966 | |
Commitments and contingencies | |||
Shareholders' equity | |||
Common stock | 1,588 | 1,588 | |
Other paid-in capital | 7,446 | 7,322 | |
Retained deficit unappropriated | (1,639) | (1,639) | |
Retained earnings appropriated | 3,065 | 2,976 | |
Total shareholders’ equity | 10,460 | 10,247 | |
Member’s equity | |||
Total liabilities and shareholders’ equity | 31,889 | 31,213 | |
PECO Energy Co [Member] | |||
Current Assets | |||
Cash and cash equivalents | 20 | 130 | |
Restricted cash and cash equivalents | 6 | 5 | |
Accounts receivable, net | |||
Customer | 302 | 321 | |
Other | 123 | 151 | |
Inventories, net | |||
Fossil fuel and emission allowances | 26 | 38 | |
Materials and supplies | 37 | 37 | |
Prepaid utility taxes | 69 | 0 | |
Regulatory assets, current | 52 | 81 | |
Other | 23 | 19 | |
Total current assets | 658 | 782 | |
Property, plant and equipment, net | 8,940 | 8,610 | |
Deferred debits and other assets | |||
Regulatory assets, noncurrent | 508 | 460 | |
Investments | 25 | 25 | |
Receivable from affiliates, noncurrent | 470 | 389 | |
Prepaid pension asset | 371 | 349 | |
Other | 30 | 27 | |
Total deferred debits and other assets | 1,404 | 1,250 | |
Total assets | 11,002 | 10,642 | |
Current Liabilities | |||
Accounts payable | 375 | 370 | |
Accrued expenses | 102 | 113 | |
Payable to affiliates, current | 55 | 59 | |
Borrowings from Exelon/PHI intercompany money pool | 52 | 0 | |
Customer deposits | 69 | 68 | |
Regulatory liabilities, current | 91 | 175 | |
Other | 40 | 24 | |
Total current liabilities | 784 | 809 | |
Long-term debt | 3,085 | 3,084 | |
Long-term debt to financing trusts | 184 | 184 | |
Deferred credits and other liabilities | |||
Deferred income taxes and unamortized investment tax credits | 1,999 | 1,933 | |
Asset retirement obligations, noncurrent | 27 | 27 | |
Non-pension postretirement benefit obligations | 289 | 288 | |
Regulatory liabilities, noncurrent | 500 | 421 | |
Other | 79 | 76 | |
Total deferred credits and other liabilities | 2,894 | 2,745 | |
Total liabilities | 6,947 | 6,822 | |
Commitments and contingencies | |||
Shareholders' equity | |||
Common stock | 2,723 | 2,578 | |
Retained earnings | 1,332 | 1,242 | |
Total shareholders’ equity | 4,055 | 3,820 | |
Member’s equity | |||
Total liabilities and shareholders’ equity | 11,002 | 10,642 | |
Baltimore Gas and Electric Company [Member] | |||
Current Assets | |||
Cash and cash equivalents | 8 | 7 | |
Restricted cash and cash equivalents | 1 | 6 | |
Accounts receivable, net | |||
Customer | 278 | 353 | |
Other | 86 | 90 | |
Receivable from affiliates, current | 0 | 1 | |
Inventories, net | |||
Fossil fuel and emission allowances | 26 | 36 | |
Materials and supplies | 44 | 39 | |
Prepaid utility taxes | 0 | 74 | |
Regulatory assets, current | 164 | 177 | |
Other | 7 | 3 | |
Total current assets | 614 | 786 | |
Property, plant and equipment, net | 8,612 | 8,243 | |
Deferred debits and other assets | |||
Regulatory assets, noncurrent | 390 | 398 | |
Investments | 6 | 5 | |
Prepaid pension asset | 289 | 279 | |
Other | 95 | 5 | |
Total deferred debits and other assets | 780 | 687 | |
Total assets | 10,006 | 9,716 | |
Current Liabilities | |||
Short-term borrowings | 229 | 35 | |
Accounts payable | 279 | 295 | |
Accrued expenses | 103 | 155 | |
Payable to affiliates, current | 50 | 65 | |
Customer deposits | 120 | 120 | |
Regulatory liabilities, current | 36 | 77 | |
Other | 51 | 27 | |
Total current liabilities | 868 | 774 | |
Long-term debt | 2,877 | 2,876 | |
Deferred credits and other liabilities | |||
Deferred income taxes and unamortized investment tax credits | 1,301 | 1,222 | |
Asset retirement obligations, noncurrent | 24 | 24 | |
Non-pension postretirement benefit obligations | 198 | 201 | |
Regulatory liabilities, noncurrent | 1,162 | 1,192 | |
Other | 128 | 73 | |
Total deferred credits and other liabilities | 2,813 | 2,712 | |
Total liabilities | 6,558 | 6,362 | |
Commitments and contingencies | |||
Shareholders' equity | |||
Common stock | 1,714 | 1,714 | |
Retained earnings | 1,734 | 1,640 | |
Total shareholders’ equity | 3,448 | 3,354 | |
Member’s equity | |||
Total liabilities and shareholders’ equity | 10,006 | 9,716 | |
Pepco Holdings LLC [Member] | |||
Current Assets | |||
Cash and cash equivalents | 54 | 124 | |
Restricted cash and cash equivalents | 37 | 43 | |
Accounts receivable, net | |||
Customer | 489 | 453 | |
Other | 196 | 177 | |
Inventories, net | |||
Fossil fuel and emission allowances | 5 | 9 | |
Materials and supplies | 195 | 163 | |
Regulatory assets, current | 496 | 489 | |
Other | 74 | 75 | |
Total current assets | 1,546 | 1,533 | |
Property, plant and equipment, net | 13,788 | 13,446 | |
Deferred debits and other assets | |||
Regulatory assets, noncurrent | 2,163 | 2,312 | |
Investments | 133 | 130 | |
Goodwill | 4,005 | 4,005 | |
Prepaid pension asset | 446 | 486 | |
Deferred income taxes | 13 | 12 | |
Other | 360 | 60 | |
Total deferred debits and other assets | 7,120 | 7,005 | |
Total assets | [3] | 22,454 | 21,984 |
Current Liabilities | |||
Short-term borrowings | 27 | 179 | |
Long-term debt due within one year | 118 | 125 | |
Accounts payable | 426 | 496 | |
Accrued expenses | 224 | 256 | |
Payable to affiliates, current | 86 | 94 | |
Borrowings from Exelon/PHI intercompany money pool | 3 | 0 | |
Customer deposits | 117 | 116 | |
Regulatory liabilities, current | 75 | 84 | |
Unamortized energy contract liabilities, current | 119 | 119 | |
Other | 133 | 123 | |
Total current liabilities | 1,328 | 1,592 | |
Long-term debt | 6,391 | 6,134 | |
Deferred credits and other liabilities | |||
Deferred income taxes and unamortized investment tax credits | 2,219 | 2,146 | |
Asset retirement obligations, noncurrent | 53 | 52 | |
Non-pension postretirement benefit obligations | 100 | 103 | |
Regulatory liabilities, noncurrent | 1,789 | 1,864 | |
Unamortized energy contract liabilities, noncurrent | 385 | 442 | |
Other | 617 | 369 | |
Total deferred credits and other liabilities | 5,163 | 4,976 | |
Total liabilities | [3] | 12,882 | 12,702 |
Commitments and contingencies | |||
Shareholders' equity | |||
Retained earnings | 69 | 62 | |
Member’s equity | |||
Membership interest | 9,503 | 9,220 | |
Total members' equity | 9,572 | 9,282 | |
Total equity | 9,572 | 9,282 | |
Total liabilities and shareholders’ equity | 22,454 | 21,984 | |
Variable Interest Entity, Consolidated, Assets, Pledged | 23 | 33 | |
Variable Interest Entity, Consolidated, Liabilities, No Recourse | 55 | 69 | |
Potomac Electric Power Company [Member] | |||
Current Assets | |||
Cash and cash equivalents | 18 | 16 | |
Restricted cash and cash equivalents | 34 | 37 | |
Accounts receivable, net | |||
Customer | 254 | 225 | |
Other | 110 | 81 | |
Receivable from affiliates, current | 0 | 1 | |
Receivable from Exelon/PHI intercompany money pool | 38 | 0 | |
Inventories, net | |||
Inventories, net | 115 | 93 | |
Regulatory assets, current | 262 | 270 | |
Other | 10 | 37 | |
Total current assets | 841 | 760 | |
Property, plant and equipment, net | 6,623 | 6,460 | |
Deferred debits and other assets | |||
Regulatory assets, noncurrent | 601 | 643 | |
Investments | 108 | 105 | |
Prepaid pension asset | 306 | 316 | |
Other | 77 | 15 | |
Total deferred debits and other assets | 1,092 | 1,079 | |
Total assets | 8,556 | 8,299 | |
Current Liabilities | |||
Short-term borrowings | 0 | 40 | |
Long-term debt due within one year | 8 | 15 | |
Accounts payable | 175 | 214 | |
Accrued expenses | 114 | 126 | |
Payable to affiliates, current | 67 | 62 | |
Customer deposits | 55 | 54 | |
Regulatory liabilities, current | 7 | 7 | |
Merger related obligation | 38 | 38 | |
Current portion of DC PLUG obligation | 30 | 30 | |
Other | 23 | 42 | |
Total current liabilities | 517 | 628 | |
Long-term debt | 2,852 | 2,704 | |
Deferred credits and other liabilities | |||
Deferred income taxes and unamortized investment tax credits | 1,114 | 1,064 | |
Asset retirement obligations, noncurrent | 37 | 37 | |
Non-pension postretirement benefit obligations | 25 | 29 | |
Regulatory liabilities, noncurrent | 782 | 822 | |
Other | 313 | 275 | |
Total deferred credits and other liabilities | 2,271 | 2,227 | |
Total liabilities | 5,640 | 5,559 | |
Commitments and contingencies | |||
Shareholders' equity | |||
Common stock | 1,765 | 1,636 | |
Retained earnings | 1,151 | 1,104 | |
Total shareholders’ equity | 2,916 | 2,740 | |
Member’s equity | |||
Total liabilities and shareholders’ equity | 8,556 | 8,299 | |
Delmarva Power and Light Company [Member] | |||
Current Assets | |||
Cash and cash equivalents | 3 | 23 | |
Restricted cash and cash equivalents | 1 | 1 | |
Accounts receivable, net | |||
Customer | 123 | 134 | |
Other | 43 | 46 | |
Inventories, net | |||
Fossil fuel and emission allowances | 5 | 9 | |
Materials and supplies | 46 | 37 | |
Renewable energy credits | 18 | 8 | |
Regulatory assets, current | 59 | 59 | |
Other | 2 | 19 | |
Total current assets | 300 | 336 | |
Property, plant and equipment, net | 3,893 | 3,821 | |
Deferred debits and other assets | |||
Regulatory assets, noncurrent | 224 | 231 | |
Goodwill | 8 | 8 | |
Prepaid pension asset | 178 | 186 | |
Other | 80 | 6 | |
Total deferred debits and other assets | 490 | 431 | |
Total assets | 4,683 | 4,588 | |
Current Liabilities | |||
Long-term debt due within one year | 91 | 91 | |
Accounts payable | 106 | 111 | |
Accrued expenses | 43 | 39 | |
Payable to affiliates, current | 25 | 33 | |
Borrowings from Exelon/PHI intercompany money pool | 38 | 0 | |
Customer deposits | 36 | 35 | |
Regulatory liabilities, current | 43 | 59 | |
Other | 16 | 7 | |
Total current liabilities | 398 | 375 | |
Long-term debt | 1,404 | 1,403 | |
Deferred credits and other liabilities | |||
Deferred income taxes and unamortized investment tax credits | 644 | 628 | |
Non-pension postretirement benefit obligations | 16 | 17 | |
Regulatory liabilities, noncurrent | 586 | 606 | |
Other | 113 | 50 | |
Total deferred credits and other liabilities | 1,359 | 1,301 | |
Total liabilities | 3,161 | 3,079 | |
Commitments and contingencies | |||
Shareholders' equity | |||
Common stock | 914 | 914 | |
Retained earnings | 608 | 595 | |
Total shareholders’ equity | 1,522 | 1,509 | |
Member’s equity | |||
Total liabilities and shareholders’ equity | 4,683 | 4,588 | |
Atlantic City Electric Company [Member] | |||
Current Assets | |||
Cash and cash equivalents | 4 | 7 | |
Restricted cash and cash equivalents | 2 | 4 | |
Accounts receivable, net | |||
Customer | 112 | 95 | |
Other | 50 | 55 | |
Receivable from affiliates, current | 0 | 1 | |
Inventories, net | |||
Inventories, net | 34 | 33 | |
Prepaid utility taxes | 33 | 0 | |
Regulatory assets, current | 57 | 40 | |
Other | 7 | 5 | |
Total current assets | 299 | 240 | |
Property, plant and equipment, net | 3,093 | 2,966 | |
Deferred debits and other assets | |||
Regulatory assets, noncurrent | 374 | 386 | |
Prepaid pension asset | 60 | 67 | |
Other | 60 | 40 | |
Total deferred debits and other assets | 494 | 493 | |
Total assets | [4] | 3,886 | 3,699 |
Current Liabilities | |||
Short-term borrowings | 27 | 139 | |
Long-term debt due within one year | 19 | 18 | |
Accounts payable | 135 | 154 | |
Accrued expenses | 36 | 35 | |
Payable to affiliates, current | 21 | 28 | |
Customer deposits | 26 | 26 | |
Regulatory liabilities, current | 25 | 18 | |
Other | 10 | 4 | |
Total current liabilities | 299 | 422 | |
Long-term debt | 1,310 | 1,170 | |
Deferred credits and other liabilities | |||
Deferred income taxes and unamortized investment tax credits | 546 | 535 | |
Non-pension postretirement benefit obligations | 18 | 17 | |
Regulatory liabilities, noncurrent | 388 | 402 | |
Other | 44 | 27 | |
Total deferred credits and other liabilities | 996 | 981 | |
Total liabilities | [4] | 2,605 | 2,573 |
Commitments and contingencies | |||
Shareholders' equity | |||
Common stock | 1,134 | 979 | |
Retained earnings | 147 | 147 | |
Total shareholders’ equity | 1,281 | 1,126 | |
Member’s equity | |||
Total liabilities and shareholders’ equity | 3,886 | 3,699 | |
Variable Interest Entity, Consolidated, Assets, Pledged | 19 | 23 | |
Variable Interest Entity, Consolidated, Liabilities, No Recourse | $ 51 | $ 59 | |
[1] | Exelon’s consolidated assets include $9,526 million and $9,667 million at June 30, 2019 and December 31, 2018 , respectively, of certain VIEs that can only be used to settle the liabilities of the VIE. Exelon’s consolidated liabilities include $3,568 million and $3,548 million at June 30, 2019 and December 31, 2018 , respectively, of certain VIEs for which the VIE creditors do not have recourse to Exelon. See Note 2 — Variable Interest Entities for additional information. | ||
[2] | Generation’s consolidated assets include $9,503 million and $9,634 million at June 30, 2019 and December 31, 2018 , respectively, of certain VIEs that can only be used to settle the liabilities of the VIE. Generation’s consolidated liabilities include $3,513 million and $3,480 million at June 30, 2019 and December 31, 2018 , respectively, of certain VIEs for which the VIE creditors do not have recourse to Generation. See Note 2 — Variable Interest Entities for additional information. | ||
[3] | PHI’s consolidated total assets include $23 million and $33 million at June 30, 2019 and December 31, 2018 , respectively, of PHI's consolidated VIE that can only be used to settle the liabilities of the VIE. PHI’s consolidated total liabilities include $55 million and $69 million at June 30, 2019 and December 31, 2018 , respectively, of PHI's consolidated VIE for which the VIE creditors do not have recourse to PHI. See Note 2 — Variable Interest Entities for additional information. | ||
[4] | ACE’s consolidated total assets include $19 million and $23 million at June 30, 2019 and December 31, 2018 , respectively, of ACE's consolidated VIE that can only be used to settle the liabilities of the VIE. ACE’s consolidated total liabilities include $51 million and $59 million at June 30, 2019 and December 31, 2018 , respectively, of ACE's consolidated VIE for which the VIE creditors do not have recourse to ACE. See Note 2 — Variable Interest Entities for additional information. |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) shares in Millions, $ in Millions | Jun. 30, 2019 | Dec. 31, 2018 |
Customer allowance for uncollectible accounts | $ 257 | $ 283 |
Other allowance for uncollectible accounts | 40 | 36 |
Accumulated depreciation and amortization | $ 24,266 | $ 22,902 |
Common Stock, Shares Authorized | 2,000 | 2,000 |
Common Stock, Shares, Outstanding | 972 | 968 |
Treasury Stock, Shares held | 2 | 2 |
Exelon Generation Co L L C [Member] | ||
Customer allowance for uncollectible accounts | $ 96 | $ 103 |
Other allowance for uncollectible accounts | 1 | 1 |
Accumulated depreciation and amortization | 12,902 | 12,206 |
Commonwealth Edison Co [Member] | ||
Customer allowance for uncollectible accounts | 59 | 61 |
Other allowance for uncollectible accounts | 18 | 20 |
Accumulated depreciation and amortization | 4,949 | 4,684 |
PECO Energy Co [Member] | ||
Customer allowance for uncollectible accounts | 53 | 53 |
Other allowance for uncollectible accounts | 6 | 8 |
Accumulated depreciation and amortization | 3,636 | 3,561 |
Baltimore Gas and Electric Company [Member] | ||
Customer allowance for uncollectible accounts | 14 | 16 |
Other allowance for uncollectible accounts | 4 | 4 |
Accumulated depreciation and amortization | 3,720 | 3,633 |
Pepco Holdings LLC [Member] | ||
Customer allowance for uncollectible accounts | 35 | 50 |
Other allowance for uncollectible accounts | 11 | 3 |
Accumulated depreciation and amortization | 1,032 | 841 |
Potomac Electric Power Company [Member] | ||
Customer allowance for uncollectible accounts | 13 | 20 |
Other allowance for uncollectible accounts | 6 | 1 |
Accumulated depreciation and amortization | 3,431 | 3,354 |
Delmarva Power and Light Company [Member] | ||
Customer allowance for uncollectible accounts | 10 | 12 |
Other allowance for uncollectible accounts | 2 | 1 |
Accumulated depreciation and amortization | 1,380 | 1,329 |
Atlantic City Electric Company [Member] | ||
Customer allowance for uncollectible accounts | 11 | 18 |
Other allowance for uncollectible accounts | 3 | 1 |
Accumulated depreciation and amortization | $ 1,179 | $ 1,137 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Shareholders Equity (Unaudited) - USD ($) shares in Thousands, $ in Millions | Total | Common Stock [Member] | Treasury Stock [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Noncontrolling Interest [Member] | Other Comprehensive Income (Loss) [Member] | Exelon Generation Co L L C [Member] | Exelon Generation Co L L C [Member]Membership Interest [Member] | Exelon Generation Co L L C [Member]Retained Earnings, Unappropriated/Undistributed [Member] | Exelon Generation Co L L C [Member]Accumulated Other Comprehensive Income (Loss) [Member] | Exelon Generation Co L L C [Member]Noncontrolling Interest [Member] | Commonwealth Edison Co [Member] | Commonwealth Edison Co [Member]Common Stock [Member] | Commonwealth Edison Co [Member]Other Paid-in-Capital [Member] | Commonwealth Edison Co [Member]Retained Earnings, Unappropriated/Undistributed [Member] | Commonwealth Edison Co [Member]Retained Earnings, Appropriated | Commonwealth Edison Co [Member]Retained Earnings [Member] | PECO Energy Co [Member] | PECO Energy Co [Member]Common Stock [Member] | PECO Energy Co [Member]Retained Earnings [Member] | PECO Energy Co [Member]Accumulated Other Comprehensive Income (Loss) [Member] | Baltimore Gas and Electric Company [Member] | Baltimore Gas and Electric Company [Member]Common Stock [Member] | Baltimore Gas and Electric Company [Member]Retained Earnings [Member] | Pepco Holdings LLC [Member] | Pepco Holdings LLC [Member]Membership Interest [Member] | Pepco Holdings LLC [Member]Retained Earnings, Unappropriated/Undistributed [Member] | Potomac Electric Power Company [Member] | Potomac Electric Power Company [Member]Common Stock [Member] | Potomac Electric Power Company [Member]Retained Earnings [Member] | Delmarva Power and Light Company [Member] | Delmarva Power and Light Company [Member]Common Stock [Member] | Delmarva Power and Light Company [Member]Retained Earnings [Member] | Atlantic City Electric Company [Member] | Atlantic City Electric Company [Member]Common Stock [Member] | Atlantic City Electric Company [Member]Retained Earnings [Member] |
Beginning balance (in shares) at Dec. 31, 2017 | 965,168 | ||||||||||||||||||||||||||||||||||||
Beginning balance at Dec. 31, 2017 | $ 32,187 | $ 18,964 | $ (123) | $ 14,081 | $ (3,026) | $ 2,291 | |||||||||||||||||||||||||||||||
Beginning Balance at Dec. 31, 2017 | $ 15,959 | $ 9,357 | $ 4,349 | $ (37) | $ 2,290 | $ 8,825 | $ 8,835 | $ (10) | |||||||||||||||||||||||||||||
Beginning Balance at Dec. 31, 2017 | $ 9,542 | $ 1,588 | $ 6,822 | $ (1,639) | $ 2,771 | $ 3,577 | $ 2,489 | $ 1,087 | $ 1 | $ 3,141 | $ 1,605 | $ 1,536 | $ 2,533 | $ 1,470 | $ 1,063 | $ 1,335 | $ 764 | $ 571 | $ 1,043 | $ 912 | $ 131 | ||||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||||||||||||||||||||||||||
Net income | $ 636 | 585 | 51 | 186 | 136 | 50 | 165 | 165 | 113 | 113 | 0 | 128 | 128 | 65 | 65 | 31 | 31 | 31 | 31 | 7 | 7 | ||||||||||||||||
Stock issued during period, shares, long-term incentive plan activity | 1,685 | ||||||||||||||||||||||||||||||||||||
Stock issued during period, value, long-term incentive plan activity | $ (3) | (3) | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||
Stock issued during period, shares, employee stock purchase plan | 361 | ||||||||||||||||||||||||||||||||||||
Stock issued during period, value, employee stock purchase plan | $ 12 | 12 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||
Changes in equity of noncontrolling interests | (9) | (9) | (9) | (9) | |||||||||||||||||||||||||||||||||
Common stock dividends | (334) | (334) | (114) | (114) | (287) | (287) | (52) | (52) | (25) | (25) | (36) | (36) | (9) | (9) | |||||||||||||||||||||||
Distributions to member | (188) | (188) | (71) | (71) | |||||||||||||||||||||||||||||||||
Contributions from parent | 113 | 0 | 113 | ||||||||||||||||||||||||||||||||||
Other comprehensive income (loss), net of income taxes | 71 | 1 | $ 72 | 7 | 0 | 6 | 1 | ||||||||||||||||||||||||||||||
Impact of adoption of Recognition and Measurement of Financial Assets and Liabilities standard | $ 4 | 14 | (10) | 3 | 6 | (3) | 0 | 1 | (1) | ||||||||||||||||||||||||||||
Ending balance (in shares) at Mar. 31, 2018 | 967,214 | ||||||||||||||||||||||||||||||||||||
Ending balance at Mar. 31, 2018 | $ 32,565 | 18,973 | (123) | 14,346 | (2,965) | 2,334 | |||||||||||||||||||||||||||||||
Ending Balance at Mar. 31, 2018 | 15,958 | 9,357 | 4,303 | (34) | 2,332 | 8,819 | 8,835 | (16) | |||||||||||||||||||||||||||||
Ending Balance at Mar. 31, 2018 | 9,706 | 1,588 | 6,935 | (1,639) | 2,822 | 3,403 | 2,489 | 914 | 0 | 3,217 | 1,605 | 1,612 | 2,539 | 1,470 | 1,069 | 1,330 | 764 | 566 | 1,041 | 912 | 129 | ||||||||||||||||
Beginning balance (in shares) at Dec. 31, 2017 | 965,168 | ||||||||||||||||||||||||||||||||||||
Beginning balance at Dec. 31, 2017 | $ 32,187 | 18,964 | (123) | 14,081 | (3,026) | 2,291 | |||||||||||||||||||||||||||||||
Beginning Balance at Dec. 31, 2017 | 15,959 | 9,357 | 4,349 | (37) | 2,290 | 8,825 | 8,835 | (10) | |||||||||||||||||||||||||||||
Beginning Balance at Dec. 31, 2017 | 9,542 | 1,588 | 6,822 | (1,639) | 2,771 | 3,577 | 2,489 | 1,087 | 1 | 3,141 | 1,605 | 1,536 | 2,533 | 1,470 | 1,063 | 1,335 | 764 | 571 | 1,043 | 912 | 131 | ||||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||||||||||||||||||||||||||
Net income | 1,179 | 368 | 329 | 210 | 179 | 149 | 85 | 57 | 15 | ||||||||||||||||||||||||||||
Other comprehensive income (loss), net of income taxes | $ 117 | 115 | 9 | 7 | |||||||||||||||||||||||||||||||||
Ending balance (in shares) at Jun. 30, 2018 | 967,739 | ||||||||||||||||||||||||||||||||||||
Ending balance at Jun. 30, 2018 | $ 32,839 | 19,008 | (123) | 14,551 | (2,921) | 2,324 | |||||||||||||||||||||||||||||||
Ending Balance at Jun. 30, 2018 | 15,939 | 9,357 | 4,292 | (33) | 2,323 | 9,100 | 9,070 | 30 | |||||||||||||||||||||||||||||
Ending Balance at Jun. 30, 2018 | 9,867 | 1,588 | 7,047 | (1,639) | 2,871 | 3,535 | 2,530 | 1,005 | 0 | 3,215 | 1,605 | 1,610 | 2,653 | 1,555 | 1,098 | 1,502 | 914 | 588 | 1,039 | 912 | 127 | ||||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||||||||||||||||||||||||||
Appropriation of retained earnings for future dividends | (165) | 165 | $ 0 | ||||||||||||||||||||||||||||||||||
Beginning balance (in shares) at Mar. 31, 2018 | 967,214 | ||||||||||||||||||||||||||||||||||||
Beginning balance at Mar. 31, 2018 | $ 32,565 | 18,973 | (123) | 14,346 | (2,965) | 2,334 | |||||||||||||||||||||||||||||||
Beginning Balance at Mar. 31, 2018 | 15,958 | 9,357 | 4,303 | (34) | 2,332 | 8,819 | 8,835 | (16) | |||||||||||||||||||||||||||||
Beginning Balance at Mar. 31, 2018 | 9,706 | 1,588 | 6,935 | (1,639) | 2,822 | 3,403 | 2,489 | 914 | 0 | 3,217 | 1,605 | 1,612 | 2,539 | 1,470 | 1,069 | 1,330 | 764 | 566 | 1,041 | 912 | 129 | ||||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||||||||||||||||||||||||||
Net income | $ 542 | 539 | 3 | 181 | 178 | 3 | 164 | 164 | 96 | 96 | 0 | 51 | 51 | 84 | 84 | 54 | 54 | 26 | 26 | 8 | 8 | ||||||||||||||||
Stock issued during period, shares, long-term incentive plan activity | 183 | ||||||||||||||||||||||||||||||||||||
Stock issued during period, value, long-term incentive plan activity | $ 20 | 20 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||
Stock issued during period, shares, employee stock purchase plan | 342 | ||||||||||||||||||||||||||||||||||||
Stock issued during period, value, employee stock purchase plan | $ 15 | 15 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||
Changes in equity of noncontrolling interests | (14) | (14) | (13) | (13) | |||||||||||||||||||||||||||||||||
Common stock dividends | (334) | (334) | (115) | (115) | (5) | (5) | (53) | (53) | (25) | (25) | (4) | (4) | (10) | (10) | |||||||||||||||||||||||
Distributions to member | (189) | (189) | (38) | (38) | |||||||||||||||||||||||||||||||||
Contributions from parent | 112 | 0 | 112 | 41 | 41 | 0 | 0 | 235 | 235 | 85 | 85 | 150 | 150 | ||||||||||||||||||||||||
Other comprehensive income (loss), net of income taxes | $ 44 | 44 | 1 | 45 | 2 | 0 | 1 | 1 | |||||||||||||||||||||||||||||
Ending balance (in shares) at Jun. 30, 2018 | 967,739 | ||||||||||||||||||||||||||||||||||||
Ending balance at Jun. 30, 2018 | $ 32,839 | 19,008 | (123) | 14,551 | (2,921) | 2,324 | |||||||||||||||||||||||||||||||
Ending Balance at Jun. 30, 2018 | 15,939 | 9,357 | 4,292 | (33) | 2,323 | 9,100 | 9,070 | 30 | |||||||||||||||||||||||||||||
Ending Balance at Jun. 30, 2018 | 9,867 | 1,588 | 7,047 | (1,639) | 2,871 | 3,535 | 2,530 | 1,005 | 0 | 3,215 | 1,605 | 1,610 | 2,653 | 1,555 | 1,098 | 1,502 | 914 | 588 | 1,039 | 912 | 127 | ||||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||||||||||||||||||||||||||
Appropriation of retained earnings for future dividends | (164) | 164 | 0 | ||||||||||||||||||||||||||||||||||
Appropriation of retained earnings for future dividends | 2,976 | ||||||||||||||||||||||||||||||||||||
Beginning balance (in shares) at Dec. 31, 2018 | 970,020 | ||||||||||||||||||||||||||||||||||||
Beginning balance at Dec. 31, 2018 | $ 33,070 | 19,116 | (123) | 14,766 | (2,995) | 2,306 | |||||||||||||||||||||||||||||||
Beginning Balance at Dec. 31, 2018 | 15,508 | 9,518 | 3,724 | (38) | 2,304 | 9,282 | 9,220 | 62 | |||||||||||||||||||||||||||||
Beginning Balance at Dec. 31, 2018 | 30,764 | 10,247 | 1,588 | 7,322 | (1,639) | 2,976 | 3,820 | 2,578 | 1,242 | 0 | 3,354 | 1,714 | 1,640 | 2,740 | 1,636 | 1,104 | 1,509 | 914 | 595 | 1,126 | 979 | 147 | |||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||||||||||||||||||||||||||
Net income | $ 966 | 907 | 59 | 422 | 363 | 59 | 157 | 157 | 168 | 168 | 0 | 160 | 160 | 117 | 117 | 55 | 55 | 53 | 53 | 10 | 10 | ||||||||||||||||
Stock issued during period, shares, long-term incentive plan activity | 2,446 | ||||||||||||||||||||||||||||||||||||
Stock issued during period, value, long-term incentive plan activity | $ (3) | (3) | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||
Stock issued during period, shares, employee stock purchase plan | 320 | ||||||||||||||||||||||||||||||||||||
Stock issued during period, value, employee stock purchase plan | $ 51 | 51 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||
Changes in equity of noncontrolling interests | (17) | (17) | (17) | (17) | |||||||||||||||||||||||||||||||||
Sale of noncontrolling interests | 7 | 7 | 7 | 7 | |||||||||||||||||||||||||||||||||
Common stock dividends | $ (352) | (352) | (127) | (127) | (90) | (90) | (56) | (56) | (24) | (24) | (41) | (41) | (12) | (12) | |||||||||||||||||||||||
Distributions to member | (225) | (225) | (128) | (128) | |||||||||||||||||||||||||||||||||
Contributions from parent | 63 | 0 | 63 | 145 | 145 | 0 | 0 | 19 | 19 | 14 | 14 | 5 | 5 | ||||||||||||||||||||||||
Other comprehensive income (loss), net of income taxes | (17) | (1) | (18) | 1 | 0 | 2 | (1) | ||||||||||||||||||||||||||||||
Ending balance (in shares) at Mar. 31, 2019 | 972,786 | ||||||||||||||||||||||||||||||||||||
Ending balance at Mar. 31, 2019 | $ 33,704 | 19,171 | (123) | 15,321 | (3,012) | 2,347 | |||||||||||||||||||||||||||||||
Ending Balance at Mar. 31, 2019 | 15,696 | 9,525 | 3,862 | (36) | 2,345 | 9,290 | 9,239 | 51 | |||||||||||||||||||||||||||||
Ending Balance at Mar. 31, 2019 | 10,340 | 1,588 | 7,385 | (1,639) | 3,006 | 4,043 | 2,723 | 1,320 | 0 | 3,458 | 1,714 | 1,744 | 2,785 | 1,650 | 1,135 | 1,521 | 914 | 607 | 1,129 | 984 | 145 | ||||||||||||||||
Beginning balance (in shares) at Dec. 31, 2018 | 970,020 | ||||||||||||||||||||||||||||||||||||
Beginning balance at Dec. 31, 2018 | $ 33,070 | 19,116 | (123) | 14,766 | (2,995) | 2,306 | |||||||||||||||||||||||||||||||
Beginning Balance at Dec. 31, 2018 | 15,508 | 9,518 | 3,724 | (38) | 2,304 | 9,282 | 9,220 | 62 | |||||||||||||||||||||||||||||
Beginning Balance at Dec. 31, 2018 | 30,764 | 10,247 | 1,588 | 7,322 | (1,639) | 2,976 | 3,820 | 2,578 | 1,242 | 0 | 3,354 | 1,714 | 1,640 | 2,740 | 1,636 | 1,104 | 1,509 | 914 | 595 | 1,126 | 979 | 147 | |||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||||||||||||||||||||||||||
Net income | 1,460 | 540 | 344 | 270 | 206 | 223 | 119 | 83 | 24 | ||||||||||||||||||||||||||||
Other comprehensive income (loss), net of income taxes | $ 3 | 5 | 0 | 2 | |||||||||||||||||||||||||||||||||
Ending balance (in shares) at Jun. 30, 2019 | 973,417 | ||||||||||||||||||||||||||||||||||||
Ending balance at Jun. 30, 2019 | $ 33,907 | 19,209 | (123) | 15,452 | (2,990) | 2,359 | |||||||||||||||||||||||||||||||
Ending Balance at Jun. 30, 2019 | 15,592 | 9,525 | 3,746 | (36) | 2,357 | 9,572 | 9,503 | 69 | |||||||||||||||||||||||||||||
Ending Balance at Jun. 30, 2019 | $ 31,548 | 10,460 | 1,588 | 7,446 | (1,639) | 3,065 | 4,055 | 2,723 | 1,332 | 0 | 3,448 | 1,714 | 1,734 | 2,916 | 1,765 | 1,151 | 1,522 | 914 | 608 | 1,281 | 1,134 | 147 | |||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||||||||||||||||||||||||||
Appropriation of retained earnings for future dividends | (157) | 157 | 0 | ||||||||||||||||||||||||||||||||||
Beginning balance (in shares) at Mar. 31, 2019 | 972,786 | ||||||||||||||||||||||||||||||||||||
Beginning balance at Mar. 31, 2019 | $ 33,704 | 19,171 | (123) | 15,321 | (3,012) | 2,347 | |||||||||||||||||||||||||||||||
Beginning Balance at Mar. 31, 2019 | 15,696 | 9,525 | 3,862 | (36) | 2,345 | 9,290 | 9,239 | 51 | |||||||||||||||||||||||||||||
Beginning Balance at Mar. 31, 2019 | 10,340 | 1,588 | 7,385 | (1,639) | 3,006 | 4,043 | 2,723 | 1,320 | 0 | 3,458 | 1,714 | 1,744 | 2,785 | 1,650 | 1,135 | 1,521 | 914 | 607 | 1,129 | 984 | 145 | ||||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||||||||||||||||||||||||||
Net income | $ 494 | 484 | 10 | 118 | 108 | 10 | 186 | 186 | 102 | 102 | 0 | 45 | 45 | 106 | 106 | 64 | 64 | 30 | 30 | 14 | 14 | ||||||||||||||||
Stock issued during period, shares, long-term incentive plan activity | 320 | ||||||||||||||||||||||||||||||||||||
Stock issued during period, value, long-term incentive plan activity | $ 14 | 14 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||
Stock issued during period, shares, employee stock purchase plan | 311 | ||||||||||||||||||||||||||||||||||||
Stock issued during period, value, employee stock purchase plan | $ 24 | 24 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||
Changes in equity of noncontrolling interests | 3 | 3 | 3 | 3 | |||||||||||||||||||||||||||||||||
Sale of noncontrolling interests | 0 | 0 | |||||||||||||||||||||||||||||||||||
Common stock dividends | (353) | (353) | (127) | (127) | (90) | (90) | (55) | (55) | (48) | (48) | (29) | (29) | (12) | (12) | |||||||||||||||||||||||
Distributions to member | (224) | (224) | (88) | (88) | |||||||||||||||||||||||||||||||||
Contributions from parent | 61 | 0 | 61 | 0 | 0 | 0 | 0 | 264 | 264 | 115 | 115 | 150 | 150 | ||||||||||||||||||||||||
Other comprehensive income (loss), net of income taxes | $ 21 | 22 | (1) | $ 21 | (1) | 0 | 0 | (1) | |||||||||||||||||||||||||||||
Ending balance (in shares) at Jun. 30, 2019 | 973,417 | ||||||||||||||||||||||||||||||||||||
Ending balance at Jun. 30, 2019 | $ 33,907 | $ 19,209 | $ (123) | $ 15,452 | $ (2,990) | $ 2,359 | |||||||||||||||||||||||||||||||
Ending Balance at Jun. 30, 2019 | $ 15,592 | $ 9,525 | $ 3,746 | $ (36) | $ 2,357 | $ 9,572 | $ 9,503 | $ 69 | |||||||||||||||||||||||||||||
Ending Balance at Jun. 30, 2019 | $ 31,548 | 10,460 | $ 1,588 | $ 7,446 | (1,639) | 3,065 | $ 4,055 | $ 2,723 | $ 1,332 | $ 0 | $ 3,448 | $ 1,714 | $ 1,734 | $ 2,916 | $ 1,765 | $ 1,151 | $ 1,522 | $ 914 | $ 608 | $ 1,281 | $ 1,134 | $ 147 | |||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||||||||||||||||||||||||||
Appropriation of retained earnings for future dividends | $ 3,065 | $ (186) | $ 186 | $ 0 |
Consolidated Statements of Ch_2
Consolidated Statements of Changes in Shareholders Equity (Unaudited) (Parenthetical) - $ / shares | 3 Months Ended | |||
Jun. 30, 2019 | Mar. 31, 2019 | Jun. 30, 2018 | Mar. 31, 2018 | |
Statement of Stockholders' Equity [Abstract] | ||||
Common Stock, Dividends, Per Share, Declared | $ 0.36 | $ 0.36 | $ 0.35 | $ 0.35 |
Significant Accounting Policies
Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2019 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies [Text Block] | Significant Accounting Policies (All Registrants) Description of Business (All Registrants) Exelon is a utility services holding company engaged in the generation, delivery and marketing of energy through Generation and the energy distribution and transmission businesses through ComEd, PECO, BGE, Pepco, DPL and ACE. Name of Registrant Business Service Territories Exelon Generation Generation, physical delivery and marketing of power across multiple geographical regions through its customer-facing business, Constellation, which sells electricity to both wholesale and retail customers. Generation also sells natural gas, renewable energy and other energy-related products and services. Five reportable segments: Mid-Atlantic, Midwest, New York, ERCOT and Other Power Regions Commonwealth Edison Company Purchase and regulated retail sale of electricity Northern Illinois, including the City of Chicago Transmission and distribution of electricity to retail customers PECO Energy Company Purchase and regulated retail sale of electricity and natural gas Southeastern Pennsylvania, including the City of Philadelphia (electricity) Transmission and distribution of electricity and distribution of natural gas to retail customers Pennsylvania counties surrounding the City of Philadelphia (natural gas) Baltimore Gas and Electric Company Purchase and regulated retail sale of electricity and natural gas Central Maryland, including the City of Baltimore (electricity and natural gas) Transmission and distribution of electricity and distribution of natural gas to retail customers Pepco Holdings LLC Utility services holding company engaged, through its reportable segments Pepco, DPL and ACE Service Territories of Pepco, DPL and ACE Potomac Electric Purchase and regulated retail sale of electricity District of Columbia, and major portions of Montgomery and Prince George’s Counties, Maryland Transmission and distribution of electricity to retail customers Delmarva Power & Light Company Purchase and regulated retail sale of electricity and natural gas Portions of Delaware and Maryland (electricity) Transmission and distribution of electricity and distribution of natural gas to retail customers Portions of New Castle County, Delaware (natural gas) Atlantic City Electric Company Purchase and regulated retail sale of electricity Portions of Southern New Jersey Transmission and distribution of electricity to retail customers Basis of Presentation (All Registrants) Each of the Registrant’s Consolidated Financial Statements includes the accounts of its subsidiaries. All intercompany transactions have been eliminated. Through its business services subsidiary, BSC, Exelon provides its subsidiaries with a variety of support services at cost, including legal, human resources, financial, information technology and supply management services. PHI also has a business services subsidiary, PHISCO, which provides a variety of support services at cost, including legal, accounting, engineering, customer operations, distribution and transmission planning, asset management, system operations, and power procurement, to PHI operating companies. The costs of BSC and PHISCO are directly charged or allocated to the applicable subsidiaries. The results of Exelon’s corporate operations are presented as “Other” within the consolidated financial statements and include intercompany eliminations unless otherwise disclosed. The accompanying consolidated financial statements as of June 30, 2019 and 2018 and for the three and six months then ended are unaudited but, in the opinion of the management of each Registrant include all adjustments that are considered necessary for a fair statement of the Registrants’ respective financial statements in accordance with GAAP. All adjustments are of a normal, recurring nature, except as otherwise disclosed. The December 31, 2018 Consolidated Balance Sheets were derived from audited financial statements. Financial results for interim periods are not necessarily indicative of results that may be expected for any other interim period or for the fiscal year ending December 31, 2019 . These Combined Notes to Consolidated Financial Statements have been prepared pursuant to the rules and regulations of the SEC for Quarterly Reports on Form 10-Q. Certain information and note disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. New Accounting Standards (All Registrants) New Accounting Standards Adopted in 2019: In 2019, the Registrants have adopted the following new authoritative accounting guidance issued by the FASB. Leases. The Registrants applied the new guidance with the following transition practical expedients: • a "package of three" expedients that must be taken together and allow entities to (1) not reassess whether existing contracts contain leases, (2) carryforward the existing lease classification, and (3) not reassess initial direct costs associated with existing leases, • an implementation expedient which allows the requirements of the standard in the period of adoption with no restatement of prior periods, and • a land easement expedient which allows entities to not evaluate land easements under the new standard at adoption if they were not previously accounted for as leases. The standard materially impacted the Registrants' Consolidated Balance Sheets but did not have a material impact in the Registrants' Consolidated Statements of Operations and Comprehensive Income, Consolidated Statements of Cash Flows and Consolidated Statements of Changes in Shareholders' Equity. The most significant impact was the recognition of the ROU assets and lease liabilities for operating leases. The operating ROU assets and lease liabilities recognized upon adoption are materially consistent with the balances presented in the Combined Notes to the Consolidated Financial Statements. See Note 5 - Leases for additional information. See Note 1 — Significant Accounting Policies of the Exelon 2018 Form 10-K for additional information on new accounting standards issued and adopted as of January 1, 2019. New Accounting Standards Issued and Not Yet Adopted as of June 30, 2019 : The following new authoritative accounting guidance issued by the FASB has not yet been adopted and reflected by the Registrants in their consolidated financial statements as of June 30, 2019 . Unless otherwise indicated, the Registrants are currently assessing the impacts such guidance may have (which could be material) in their financial statements. The Registrants have assessed other FASB issuances of new standards which are not listed below as the Registrants do not expect such standards to have a material impact to their financial statements. Goodwill Impairment (Issued January 2017). Simplifies the accounting for goodwill impairment by removing Step 2 of the current test, which requires calculation of a hypothetical purchase price allocation. Under the revised guidance, goodwill impairment will be measured as the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill (currently Step 1 of the two-step impairment test). Entities will continue to have the option to perform a qualitative assessment to determine if a quantitative impairment test is necessary. Exelon, Generation, ComEd, PHI and DPL do not expect the updated guidance to have a material impact to their financial statements. The standard is effective January 1, 2020, with early adoption permitted, and must be applied on a prospective basis. Impairment of Financial Instruments (Issued June 2016). Provides for a new Current Expected Credit Loss (CECL) impairment model for specified financial instruments including loans, trade receivables, debt securities classified as held-to-maturity investments and net investments in leases recognized by a lessor. Under the new guidance, on initial recognition and at each reporting period, an entity is required to recognize an allowance that reflects the entity’s current estimate of credit losses expected to be incurred over the life of the financial instrument. The standard does not make changes to the existing impairment models for non-financial assets such as fixed assets, intangibles and goodwill. The standard will be effective January 1, 2020 (with early adoption as of January 1, 2019 permitted) and requires a modified retrospective transition approach through a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption. The Registrants are currently assessing the impacts of this standard. Leases (All Registrants) The Registrants recognize a ROU asset and lease liability for operating leases with a term of greater than one year. The ROU asset is included in Other deferred debits and other assets and the lease liability is included in Other current liabilities and Other deferred credits and other liabilities on the Consolidated Balance Sheets. The ROU asset is measured as the sum of (1) the present value of all remaining fixed and in-substance fixed payments using each Registrant’s incremental borrowing rate, (2) any lease payments made at or before the commencement date (less any lease incentives received) and (3) any initial direct costs incurred. The lease liability is measured the same as the ROU asset, but excludes any payments made before the commencement date and initial direct costs incurred. Lease terms include options to extend or terminate the lease if it is reasonably certain they will be exercised. The Registrants include non-lease components, which are service-related costs that are not integral to the use of the asset, in the measurement of the ROU asset and lease liability. Expense for operating leases and leases with a term of one year or less is recognized on a straight-line basis over the term of the lease, unless another systematic and rational basis is more representative of the derivation of benefit from use of the leased property. Variable lease payments are recognized in the period in which the related obligation is incurred and consist primarily of payments for purchases of electricity under contracted generation and are based on the electricity produced by those generating assets. Operating lease expense and variable lease payments are recorded to Purchased power and fuel expense for contracted generation or Operating and maintenance expense for all other lease agreements on the Registrants’ Statements of Operations and Comprehensive Income. Income from operating leases, including subleases, is recognized on a straight-line basis over the term of the lease, unless another systematic and rational basis is more representative of the pattern in which income is earned over the term of the lease. Variable lease payments are recognized in the period in which the related obligation is performed and consist primarily of payments received from sales of electricity under contracted generation and are based on the electricity produced by those generating assets. Operating lease income and variable lease payments are recorded to Operating revenues on the Registrants’ Statements of Operations and Comprehensive Income. The Registrants’ operating leases consist primarily of contracted generation, real estate including office buildings, and vehicles and equipment. The Registrants generally account for contracted generation in which the generating asset is not renewable as a lease if the customer has dispatch rights and obtains substantially all of the economic benefits. For new agreements entered after January 1, 2019, the Registrants will generally not account for contracted generation in which the generating asset is renewable as a lease if the customer does not design the generating asset. The Registrants account for land right arrangements that provide for exclusive use as leases while shared use land arrangements are generally not leases. The Registrants do not account for secondary use pole attachments as leases. See Note 5 — Leases for additional information. |
Business Description [Text Block] | Description of Business (All Registrants) Exelon is a utility services holding company engaged in the generation, delivery and marketing of energy through Generation and the energy distribution and transmission businesses through ComEd, PECO, BGE, Pepco, DPL and ACE. Name of Registrant Business Service Territories Exelon Generation Generation, physical delivery and marketing of power across multiple geographical regions through its customer-facing business, Constellation, which sells electricity to both wholesale and retail customers. Generation also sells natural gas, renewable energy and other energy-related products and services. Five reportable segments: Mid-Atlantic, Midwest, New York, ERCOT and Other Power Regions Commonwealth Edison Company Purchase and regulated retail sale of electricity Northern Illinois, including the City of Chicago Transmission and distribution of electricity to retail customers PECO Energy Company Purchase and regulated retail sale of electricity and natural gas Southeastern Pennsylvania, including the City of Philadelphia (electricity) Transmission and distribution of electricity and distribution of natural gas to retail customers Pennsylvania counties surrounding the City of Philadelphia (natural gas) Baltimore Gas and Electric Company Purchase and regulated retail sale of electricity and natural gas Central Maryland, including the City of Baltimore (electricity and natural gas) Transmission and distribution of electricity and distribution of natural gas to retail customers Pepco Holdings LLC Utility services holding company engaged, through its reportable segments Pepco, DPL and ACE Service Territories of Pepco, DPL and ACE Potomac Electric Purchase and regulated retail sale of electricity District of Columbia, and major portions of Montgomery and Prince George’s Counties, Maryland Transmission and distribution of electricity to retail customers Delmarva Power & Light Company Purchase and regulated retail sale of electricity and natural gas Portions of Delaware and Maryland (electricity) Transmission and distribution of electricity and distribution of natural gas to retail customers Portions of New Castle County, Delaware (natural gas) Atlantic City Electric Company Purchase and regulated retail sale of electricity Portions of Southern New Jersey Transmission and distribution of electricity to retail customers |
Variable Interest Entities (All
Variable Interest Entities (All Registrants) | 6 Months Ended |
Jun. 30, 2019 | |
Variable Interest Entity [Abstract] | |
Variable Interest Entity Disclosure (All Registrants) | Variable Interest Entities (All Registrants) A VIE is a legal entity that possesses any of the following characteristics: an insufficient amount of equity at risk to finance its activities, equity owners who do not have the power to direct the significant activities of the entity (or have voting rights that are disproportionate to their ownership interest) or equity owners who do not have the obligation to absorb expected losses or the right to receive the expected residual returns of the entity. Companies are required to consolidate a VIE if they are its primary beneficiary, which is the enterprise that has the power to direct the activities that most significantly affect the entity’s economic performance. At June 30, 2019 and December 31, 2018 , Exelon, Generation, PHI and ACE collectively consolidated five VIEs or VIE groups for which the applicable Registrant was the primary beneficiary (see Consolidated Variable Interest Entities below). As of June 30, 2019 and December 31, 2018 , Exelon and Generation collectively had significant interests in eight and seven , respectively, other VIEs for which the applicable Registrant does not have the power to direct the entities’ activities and, accordingly, was not the primary beneficiary (see Unconsolidated Variable Interest Entities below). Consolidated Variable Interest Entities As of June 30, 2019 and December 31, 2018 , Exelon's and Generation's consolidated VIEs consist of: • energy related companies involved in distributed generation, backup generation and energy development • renewable energy project companies formed by Generation to build, own and operate renewable power facilities • certain retail power and gas companies for which Generation is the sole supplier of energy, and • CENG. As of June 30, 2019 and December 31, 2018 , Exelon's, PHI's and ACE's consolidated VIE consist of: • ACE Transition Funding (ATF), a special purpose entity formed by ACE for the purpose of securitizing authorized portions of ACE’s recoverable stranded costs through the issuance and sale of transition bonds. As of June 30, 2019 and December 31, 2018 , ComEd, PECO, BGE, Pepco and DPL did not have any material consolidated VIEs. Exelon and Generation provided the following support to their respective consolidated VIEs: • Operating and capital funding to the renewable energy project companies and there is limited recourse to Generation related to certain renewable energy project companies; • Approximately $6 million and $34 million as of June 30, 2019 and December 31, 2018 , respectively, in credit support for the retail power and gas companies for which Generation is the sole supplier of energy. • Exelon and Generation, where indicated, provide the following support to CENG: • under PPAs with CENG, Generation purchased or will purchase 50.01% of the available output generated by the CENG nuclear plants not subject to other contractual agreements from January 2015 through the end of the operating life of each respective plant. • Generation provided a $400 million loan to CENG. The loan balance was fully repaid by CENG in January 2019. • Generation executed an Indemnity Agreement pursuant to which Generation agreed to indemnify EDF against third-party claims that may arise from any future nuclear incident (as defined in the Price-Anderson Act) in connection with the CENG nuclear plants or their operations. Exelon guarantees Generation’s obligations under this Indemnity Agreement. (See Note 16 — Commitments and Contingencies for additional information), • Generation and EDF share in the $688 million of contingent payment obligations for the payment of contingent retrospective premium adjustments for the nuclear liability insurance, and • Exelon has executed an agreement to provide up to $245 million to support the operations of CENG as well as a $165 million guarantee of CENG’s cash pooling agreement with its subsidiaries. As of June 30, 2019 and December 31, 2018 , Exelon, PHI and ACE provided the following support to their respective consolidated VIE: • In the case of ATF, proceeds from the sale of each series of transition bonds by ATF were transferred to ACE in exchange for the transfer by ACE to ATF of the right to collect a non-bypassable Transition Bond Charge from ACE customers pursuant to bondable stranded costs rate orders issued by the NJBPU in an amount sufficient to fund the principal and interest payments on transition bonds and related taxes, expenses and fees. During the three and six months ended June 30, 2019 , ACE transferred $3 million and $7 million to ATF, respectively. During the three and six months ended June 30, 2018 , ACE transferred $6 million and $14 million to ATF, respectively. For each of the consolidated VIEs, except as otherwise noted: • the assets of the VIEs are restricted and can only be used to settle obligations of the respective VIE; • Exelon, Generation, PHI and ACE did not provide any additional material financial support to the VIEs; • Exelon, Generation, PHI and ACE did not have any material contractual commitments or obligations to provide financial support to the VIEs; and • the creditors of the VIEs did not have recourse to Exelon’s, Generation’s, PHI's or ACE's general credit. The carrying amounts and classification of the consolidated VIEs’ assets and liabilities included in the Registrants' consolidated financial statements at June 30, 2019 and December 31, 2018 are as follows: June 30, 2019 December 31, 2018 Exelon (a) Generation PHI (a) ACE Exelon (a) Generation PHI (a) ACE Current assets $ 649 $ 646 $ 3 $ 2 $ 938 $ 931 $ 7 $ 4 Noncurrent assets 9,204 9,184 20 17 9,071 9,045 26 19 Total assets $ 9,853 $ 9,830 $ 23 $ 19 $ 10,009 $ 9,976 $ 33 $ 23 Current liabilities 715 694 21 20 $ 274 $ 252 $ 22 $ 19 Noncurrent liabilities 2,861 2,827 34 31 3,280 3,233 47 40 Total liabilities $ 3,576 $ 3,521 $ 55 $ 51 $ 3,554 $ 3,485 $ 69 $ 59 _________ (a) Includes certain purchase accounting adjustments not pushed down to the ACE standalone entity. Assets and Liabilities of Consolidated VIEs Included within the balances above are assets and liabilities of certain consolidated VIEs for which the assets can only be used to settle obligations of those VIEs, and liabilities that creditors or beneficiaries do not have recourse to the general credit of the Registrants. As of June 30, 2019 and December 31, 2018 , these assets and liabilities primarily consisted of the following: June 30, 2019 December 31, 2018 Exelon (a) Generation PHI (a) ACE Exelon (a) Generation PHI (a) ACE Cash and cash equivalents $ 106 $ 106 $ — $ — $ 414 $ 414 $ — $ — Restricted cash and cash equivalents 75 73 2 2 66 62 4 4 Accounts receivable, net Customer 161 161 — — 146 146 — — Other 39 39 — — 23 23 — — Inventory, net Materials and supplies 217 217 — — 212 212 — — Other current assets 28 27 1 — 52 49 3 — Total current assets 626 623 3 2 913 906 7 4 Property, plant and equipment, net 6,084 6,084 — — 6,145 6,145 — — NDT funds 2,589 2,589 — — 2,351 2,351 — — Other noncurrent assets 227 207 20 17 258 232 26 19 Total noncurrent assets 8,900 8,880 20 17 8,754 8,728 26 19 Total assets $ 9,526 $ 9,503 $ 23 $ 19 $ 9,667 $ 9,634 $ 33 $ 23 Long-term debt due within one year $ 560 $ 540 $ 20 $ 19 $ 87 $ 66 $ 21 $ 18 Accounts payable 89 89 — — 96 96 — — Accrued expenses 52 51 1 1 72 72 1 1 Unamortized energy contract liabilities 11 11 — — 15 15 — — Other current liabilities 3 3 — — 3 3 — — Total current liabilities 715 694 21 20 273 252 22 19 Long-term debt 558 524 34 31 1,072 1,025 47 40 Asset retirement obligations 2,218 2,218 — — 2,160 2,160 — — Unamortized energy contract liabilities — — — — 1 1 — — Other noncurrent liabilities 77 77 — — 42 42 — — Total noncurrent liabilities 2,853 2,819 34 31 3,275 3,228 47 40 Total liabilities $ 3,568 $ 3,513 $ 55 $ 51 $ 3,548 $ 3,480 $ 69 $ 59 _________ (a) Includes certain purchase accounting adjustments not pushed down to the ACE standalone entity. Unconsolidated Variable Interest Entities Exelon’s and Generation’s variable interests in unconsolidated VIEs generally include equity investments and energy purchase and sale contracts. For the equity investments, the carrying amount of the investments is reflected in Exelon’s and Generation’s Consolidated Balance Sheets in Investments. For the energy purchase and sale contracts (commercial agreements), the carrying amount of assets and liabilities in Exelon’s and Generation’s Consolidated Balance Sheets that relate to their involvement with the VIEs are predominately related to working capital accounts and generally represent the amounts owed by, or owed to, Exelon and Generation for the deliveries associated with the current billing cycles under the commercial agreements. Further, Exelon and Generation have not provided material debt or equity support, liquidity arrangements or performance guarantees associated with these commercial agreements. As of June 30, 2019 and December 31, 2018 , Exelon's and Generation's unconsolidated VIEs consist of: • Energy purchase and sale agreements with VIEs for which Generation has concluded that consolidation is not required. • Asset sale agreement with ZionSolutions, LLC and EnergySolutions, Inc. in which Generation has a variable interest but has concluded that consolidation is not required. • Equity investments in distributed energy companies for which Generation has concluded that consolidation is not required. As of June 30, 2019 and December 31, 2018 , the Utility Registrants did not have any material unconsolidated VIEs. As of June 30, 2019 and December 31, 2018 , Exelon and Generation had significant unconsolidated variable interests in eight and seven VIEs, respectively, for which Exelon or Generation, as applicable, was not the primary beneficiary; including certain equity investments and certain commercial agreements. Exelon and Generation only include unconsolidated VIEs that are individually material in the tables below. However, Exelon and Generation have several individually immaterial VIEs that in aggregate represent a total investment of $16 million and $12 million , as of June 30, 2019 , and $15 million and $13 million as of December 31, 2018 , respectively. These immaterial VIEs are equity and debt securities in energy development companies. As of June 30, 2019 and December 31, 2018 , the maximum exposure to loss related to these securities included in Investments in Exelon’s and Generation’s Consolidated Balance Sheets is limited to $16 million and $12 million , and $15 million and $13 million , respectively. The risk of a loss was assessed to be remote and, accordingly, Exelon and Generation have not recognized a liability associated with any portion of the maximum exposure to loss. The following tables present summary information about Exelon's and Generation’s significant unconsolidated VIE entities: June 30, 2019 Commercial Agreement VIEs Equity Investment VIEs Total Total assets (a) $ 603 $ 453 $ 1,056 Total liabilities (a) 33 225 258 Exelon's ownership interest in VIE (a) — 203 203 Other ownership interests in VIE (a) 571 25 596 Registrants’ maximum exposure to loss: Carrying amount of equity method investments — 203 203 Contract intangible asset 7 — 7 December 31, 2018 Commercial Agreement VIEs Equity Investment VIEs Total Total assets (a) $ 597 $ 472 $ 1,069 Total liabilities (a) 37 222 259 Exelon's ownership interest in VIE (a) — 223 223 Other ownership interests in VIE (a) 560 27 587 Registrants’ maximum exposure to loss: Carrying amount of equity method investments — 223 223 Contract intangible asset 7 — 7 _________ (a) These items represent amounts in the unconsolidated VIE balance sheets, not in Exelon’s or Generation’s Consolidated Balance Sheets. These items are included to provide information regarding the relative size of the unconsolidated VIEs. For each of the unconsolidated VIEs, Exelon and Generation have assessed the risk of a loss equal to their maximum exposure to be remote and, accordingly, Exelon and Generation have not recognized a liability associated with any portion of the maximum exposure to loss. In addition, there are no material agreements with, or commitments by, third parties that would affect the fair value or risk of their variable interests in these VIEs. |
Mergers, Acquisitions and Dispo
Mergers, Acquisitions and Dispositions (Exelon and Generation) | 6 Months Ended |
Jun. 30, 2019 | |
Business Combinations [Abstract] | |
Mergers, Acquisitions and Dispositions Disclosures [Text Block] | Mergers, Acquisitions and Dispositions (Exelon and Generation) Acquisition of Handley Generating Station On November 7, 2017, ExGen Texas Power, LLC (EGTP), and all of its wholly owned subsidiaries filed voluntary petitions for relief under Chapter 11 of Title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware, which resulted in Exelon and Generation deconsolidating EGTP's assets and liabilities from their consolidated financial statements. Concurrently with the Chapter 11 filings, Generation entered into an asset purchase agreement to acquire one of EGTP's generating plants, the Handley Generating Station, which closed on April 4, 2018 for a purchase price of $62 million . Disposition of Oyster Creek On July 31, 2018, Generation entered into an agreement with Holtec International (Holtec) and its indirect wholly owned subsidiary, Oyster Creek Environmental Protection, LLC (OCEP), for the sale and decommissioning of Oyster Creek located in Forked River, New Jersey, which permanently ceased generation operations on September 17, 2018. Completion of the transaction contemplated by the sale agreement was subject to the satisfaction of several closing conditions, including approval of the license transfer from the NRC and other regulatory approvals, and a private letter ruling from the IRS, which were satisfied in the second quarter 2019. The sale was completed on July 1, 2019. Exelon and Generation expect the loss on the sale, which will be recognized in the third quarter, to be immaterial. Under the terms of the transaction, Generation transferred to OCEP substantially all the assets associated with Oyster Creek, including assets held in NDT funds, along with the assumption of liability for all responsibility for the site, including full decommissioning and ongoing management of spent fuel until the spent fuel is moved offsite. The terms of the transaction also include various forms of performance assurance for the obligations of OCEP to timely complete the required decommissioning, including a parental guaranty from Holtec for all performance and payment obligations of OCEP, and a requirement for Holtec to deliver a letter of credit to Generation upon the occurrence of specified events. As a result of the transaction, in the third quarter of 2018, Exelon and Generation reclassified certain Oyster Creek assets and liabilities in Exelon’s and Generation’s Consolidated Balance Sheets as held for sale at their respective fair value s. Exelon and Generation had $863 million and $759 million of Assets and Liabilities held for sale, respectively, at June 30, 2019 and $897 million and $777 million of Assets and Liabilities held for sale, respectively, at December 31, 2018 . Upon remeasurement of the Oyster Creek ARO, Exelon and Generation recognized an $84 million and a $9 million pre-tax charge to Operating and maintenance expense in the third quarter of 2018 and in the second quarter of 2019, respectively. See Note 13 - Nuclear Decommissioning for additional information. Other Asset Disposition On February 28, 2018, Generation completed the sale of its interest in an electrical contracting business that primarily installs, maintains and repairs underground and high-voltage cable transmission and distribution systems for $87 million , resulting in a pre-tax gain which is included within Gain on sales of assets and businesses in Exelon's and Generation's Consolidated Statements of Operations and Comprehensive Income for the six months ended June 30, 2018 |
Revenue from Contracts with Cus
Revenue from Contracts with Customers (All Registrants) | 6 Months Ended |
Jun. 30, 2019 | |
Revenue from Contract with Customer [Abstract] | |
Revenue from Contracts with Customers [Text Block] | Revenue from Contracts with Customers (All Registrants) The Registrants recognize revenue from contracts with customers to depict the transfer of goods or services to customers at an amount that the entities expect to be entitled to in exchange for those goods or services. Generation’s primary sources of revenue include competitive sales of power, natural gas, and other energy-related products and services. The Utility Registrants’ primary sources of revenue include regulated electric and gas tariff sales, distribution and transmission services. See Note 3 — Revenue from Contracts with Customers of the Exelon 2018 Form 10-K for additional information regarding the primary sources of revenue for the Registrants. Contract Balances (All Registrants) Contract Assets and Liabilities Generation records contract assets for the revenue recognized on the construction and installation of energy efficiency assets and new power generating facilities before Generation has an unconditional right to bill for and receive the consideration from the customer. These contract assets are subsequently reclassified to receivables when the right to payment becomes unconditional. Generation records contract assets and contract receivables within Other current assets and Accounts receivable, net - Customer, respectively, within Exelon’s and Generation’s Consolidated Balance Sheets. Generation records contract liabilities when consideration is received or due prior to the satisfaction of the performance obligations. These contract liabilities primarily relate to upfront consideration received or due for equipment service plans, solar panel leases and the Illinois ZEC program that introduces a cap on the total consideration to be received by Generation. Generation records contract liabilities within Other current liabilities and Other noncurrent liabilities within Exelon's and Generation's Consolidated Balance Sheets. The following table provides a rollforward of the contract assets and liabilities reflected in Exelon's and Generation's Consolidated Balance Sheets from January 1, 2018 to June 30, 2019 : Contract Assets Contract Liabilities Exelon Generation Exelon Generation Balance as of January 1, 2018 $ 283 $ 283 $ 35 $ 35 Consideration received or due (146 ) (146 ) 179 465 Revenues recognized 50 50 (187 ) (458 ) Balance at December 31, 2018 187 187 27 42 Consideration received or due (44 ) (44 ) 38 115 Revenues recognized 53 53 (44 ) (131 ) Balance at June 30, 2019 $ 196 $ 196 $ 21 $ 26 The Utility Registrants do not have any contract assets. The Utility Registrants also record contract liabilities when consideration is received prior to the satisfaction of the performance obligations. As of June 30, 2019 and December 31, 2018 , the Utility Registrants' contract liabilities were immaterial. Transaction Price Allocated to Remaining Performance Obligations (All Registrants) The following table shows the amounts of future revenues expected to be recorded in each year for performance obligations that are unsatisfied or partially unsatisfied as of June 30, 2019 . This disclosure only includes contracts for which the total consideration is fixed and determinable at contract inception. The average contract term varies by customer type and commodity but ranges from one month to several years. This disclosure excludes Generation's power and gas sales contracts as they contain variable volumes and/or variable pricing. This disclosure also excludes the Utility Registrants' gas and electric tariff sales contracts and transmission revenue contracts as they generally have an original expected duration of one year or less and, therefore, do not contain any future, unsatisfied performance obligations to be included in this disclosure. 2019 2020 2021 2022 2023 and thereafter Total Exelon $ 274 $ 275 $ 93 $ 68 $ 248 $ 958 Generation 355 343 118 72 248 1,136 Revenue Disaggregation (All Registrants) The Registrants disaggregate revenue recognized from contracts with customers into categories that depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. See Note 18 — Segment Information for the presentation of the Registrant's revenue disaggregation. |
Leases (All Registrants)
Leases (All Registrants) | 6 Months Ended |
Jun. 30, 2019 | |
Leases [Abstract] | |
Lessee, Finance and Operating Leases [Text Block] | Leases (All Registrants) Lessee The Registrants have operating leases for which they are the lessees. The following tables outline the significant types of operating leases at each registrant and other terms and conditions of the lease agreements. The Registrants do not have material finance leases. Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE Contracted generation ● ● Real estate ● ● ● ● ● ● ● ● ● Vehicles and equipment ● ● ● ● ● ● ● ● ● (in years) Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE Remaining lease terms 1-87 1-37 1-6 1-15 1-87 1-13 1-13 1-13 1-8 Options to extend the term 3-30 3-30 5 N/A N/A 3-30 5 3-30 N/A Options to terminate within 1-4 2 4 N/A 3 N/A N/A N/A N/A The components of lease costs for the three months ended June 30, 2019 were as follows: Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE Operating lease costs $ 87 $ 61 $ 1 $ — $ 9 $ 13 $ 3 $ 4 $ 3 Variable lease costs 77 72 1 — 1 2 1 — 1 Short-term lease costs 3 3 — — — — — — — Total lease costs (a) $ 167 $ 136 $ 2 $ — $ 10 $ 15 $ 4 $ 4 $ 4 __________ (a) Excludes $16 million , $12 million , $4 million and $4 million of sublease income recorded at Exelon, Generation, PHI and DPL. The components of lease costs for the six months ended June 30, 2019 were as follows: Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE Operating lease costs $ 155 $ 107 $ 2 $ — $ 17 $ 23 $ 6 $ 7 $ 4 Variable lease costs 150 140 1 — 1 4 1 1 1 Short-term lease costs 11 11 — — — — — — — Total lease costs (a) $ 316 $ 258 $ 3 $ — $ 18 $ 27 $ 7 $ 8 $ 5 __________ (a) Excludes $19 million , $14 million , $5 million and $5 million of sublease income recorded at Exelon, Generation, PHI and DPL. The following table provides additional information regarding the presentation of operating lease ROU assets and lease liabilities within the Registrants’ Consolidated Balance Sheets as of June 30, 2019 : Exelon (a) Generation (a) ComEd PECO BGE PHI Pepco DPL ACE Operating lease ROU assets Other deferred debits and other assets $ 1,412 $ 982 $ 11 $ 2 $ 91 $ 309 $ 67 $ 74 $ 24 Operating lease liabilities Other current liabilities 250 173 3 1 32 36 8 11 6 Other deferred credits and other liabilities 1,353 981 9 1 65 280 60 72 19 Total operating lease liabilities $ 1,603 $ 1,154 $ 12 $ 2 $ 97 $ 316 $ 68 $ 83 $ 25 __________ (a) Exelon's and Generation's operating ROU assets and lease liabilities include $595 million and $744 million , respectively, related to contracted generation. The weighted average remaining lease terms, in years, and discount rates for operating leases as of June 30, 2019 were as follows: Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE Remaining lease term 9.9 10.6 4.9 4.4 5.4 9.2 9.7 9.6 5.2 Discount rate 4.6 % 4.8 % 3.1 % 3.4 % 3.6 % 4.1 % 3.8 % 3.9 % 3.5 % Future minimum lease payments for operating leases as of June 30, 2019 were as follows: Year Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE 2019 $ 149 $ 104 $ 2 $ 1 $ 17 $ 23 $ 6 $ 5 $ 4 2020 291 202 3 1 34 44 9 12 5 2021 246 161 3 — 31 42 9 12 5 2022 177 112 2 — 16 41 8 11 4 2023 141 99 1 — — 39 8 10 3 Remaining years 1,051 834 2 — 19 196 43 52 6 Total 2,055 1,512 13 2 117 385 83 102 27 Interest 452 358 1 — 20 69 15 19 2 Total operating lease liabilities $ 1,603 $ 1,154 $ 12 $ 2 $ 97 $ 316 $ 68 $ 83 $ 25 Future minimum lease payments for operating leases under the prior lease accounting guidance as of December 31, 2018 were as follows: Year Exelon (a)(b) Generation (a)(b) ComEd (a)(c) PECO (a)(c) BGE (a)(c)(d)(e) PHI (a) Pepco (a) DPL (a)(c) ACE (a) 2019 $ 140 $ 33 $ 7 $ 5 $ 35 $ 48 $ 11 $ 14 $ 7 2020 149 46 5 5 35 46 10 13 6 2021 143 46 4 5 33 43 9 12 5 2022 126 47 4 5 18 42 8 12 5 2023 97 46 3 5 3 39 8 10 4 Remaining years 723 545 — — 19 159 40 35 5 Total minimum future lease payments $ 1,378 $ 763 $ 23 $ 25 $ 143 $ 377 $ 86 $ 96 $ 32 __________ (a) Includes amounts related to shared use land arrangements. (b) Excludes Generation’s contingent operating lease payments associated with contracted generation. (c) Amounts related to certain real estate leases and railroad licenses effectively have indefinite payment periods. As a result, ComEd, PECO, BGE and DPL have excluded these payments from the remaining years as such amounts would not be meaningful. ComEd's, PECO’s, BGE’s and DPL's average annual obligation for these arrangements, included in each of the years 2019 - 2023, was $3 million , $5 million , $1 million and $1 million respectively. Also includes amounts related to shared use land arrangements. (d) Includes all future lease payments on a 99-year real estate lease that expires in 2106. (e) The BGE column above includes minimum future lease payments associated with a 6-year lease for the Baltimore City conduit system that became effective during the fourth quarter of 2016. BGE's total commitments under the lease agreement are $26 million , $28 million , $28 million and $14 million related to years 2019 - 2022, respectively. Cash paid for amounts included in the measurement of lease liabilities for the six months ended June 30, 2019 were as follows: Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE Operating cash flows from operating leases $ 142 $ 101 $ 2 $ — $ 16 $ 19 $ 5 $ 4 $ 3 ROU assets obtained in exchange for lease obligations for the six months ended June 30, 2019 were as follows: Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE Operating leases $ 30 $ 7 $ 6 $ — $ 1 $ 15 $ 6 $ 6 $ 3 |
Lessor, Operating Leases [Text Block] | Lessor The Registrants have operating leases for which they are the lessors. The following tables outline the significant types of leases at each registrant and other terms and conditions of their lease agreements. Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE Contracted generation ● ● Real estate ● ● ● ● ● ● ● ● ● (in years) Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE Remaining lease terms 1-84 1-33 1-18 1-84 24 1-14 2-7 13-14 1-3 Options to extend the term 1-79 1-5 5-79 5-50 N/A 5 N/A N/A N/A The components of lease income for the three months ended June 30, 2019 were as follows: Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE Operating lease income $ 14 $ 12 $ — $ — $ — $ 1 $ — $ 1 $ — Variable lease income 77 74 — — — 3 — 3 — The components of lease income for the six months ended June 30, 2019 were as follows: Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE Operating lease income $ 18 $ 15 $ — $ — $ — $ 2 $ — $ 2 $ — Variable lease income 129 126 — — — 3 — 3 — Future minimum lease payments to be recovered under operating leases as of June 30, 2019 were as follows: Year Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE 2019 $ 33 $ 31 $ — $ — $ — $ 2 $ — $ 2 — 2020 51 46 — — — 4 — 3 — 2021 51 46 — — — 4 1 3 — 2022 50 45 — — — 5 — 4 — 2023 49 45 — — — 4 — 3 — Remaining years 314 271 1 3 1 38 — 38 — Total $ 548 $ 484 $ 1 $ 3 $ 1 $ 57 $ 1 $ 53 $ — Leases (All Registrants) |
Regulatory Matters (All Registr
Regulatory Matters (All Registrants) | 6 Months Ended |
Jun. 30, 2019 | |
Regulated Operations [Abstract] | |
Regulatory Matters (All Registrants) | Regulatory Matters (All Registrants) As discussed in Note 4 — Regulatory Matters of the Exelon 2018 Form 10-K, the Registrants are involved in rate and regulatory proceedings at the FERC and their state commissions. The following discusses developments in 2019 and updates to the 2018 Form 10-K. Utility Regulatory Matters (Exelon and the Utility Registrants) Distribution Base Rate Case Proceedings The following tables show the completed and pending distribution base rate case proceedings in 2019. Completed Distribution Base Rate Case Proceedings Registrant/Jurisdiction Filing Date Requested Revenue Requirement (Decrease) Increase Approved Revenue Requirement (Decrease) Increase Approved ROE Approval Date Rate Effective Date ComEd - Illinois (Electric) April 16, 2018 $ (23 ) $ (24 ) 8.69% December 4, 2018 January 1, 2019 PECO - Pennsylvania (Electric) March 29, 2018 $ 82 $ 25 N/A (a) December 20, 2018 January 1, 2019 BGE - Maryland (Natural Gas) June 8, 2018 (amended October 12, 2018) $ 61 $ 43 9.8% January 4, 2019 January 4, 2019 ACE - New Jersey (Electric) August 21, 2018 (amended November 19, 2018) $ 122 (b) $ 70 (b) 9.6% March 13, 2019 April 1, 2019 __________ (a) The PECO rate case proceeding was resolved through a settlement agreement, which did not specify an approved ROE. (b) Requested and approved increases are before New Jersey sales and use tax. Pending Distribution Base Rate Case Proceedings Registrant/Jurisdiction Filing Date Requested Revenue Requirement Increase (Decrease) Requested ROE Expected Approval Timing Pepco - Maryland (Electric) January 15, 2019 (amended May 16, 2019) $ 27 10.3 % Third quarter of 2019 ComEd - Illinois (Electric) (a) April 8, 2019 $ (6 ) 8.91 % December 2019 BGE - Maryland (Electric) May 24, 2019 $ 74 10.3 % December 2019 BGE - Maryland (Natural Gas) May 24, 2019 $ 59 10.3 % December 2019 Pepco - District of Columbia (Electric) (b) May 30, 2019 $ 162 10.3 % Second quarter of 2020 __________ (a) Reflects an increase of $57 million for the initial revenue requirement for 2019 and a decrease of $63 million related to the annual reconciliation for 2018. The revenue requirement for 2019 and annual reconciliation for 2018 provides for a weighted average debt and equity return on distribution rate base of 6.53% . See Note 4 — Regulatory Matters of the Exelon 2018 Form 10-K for additional information on ComEd's distribution formula rate filings. (b) Reflects a three-year cumulative multi-year plan and total requested revenue requirement increases of $85 million , $40 million and $37 million for years 2020, 2021, and 2022, respectively, to recover capital investments made in 2018 and 2019 and planned capital investments from 2020 to 2022. Transmission Formula Rates Transmission Formula Rate (Exelon, ComEd, BGE, PHI, Pepco, DPL and ACE). ComEd’s, BGE’s, Pepco's, DPL's and ACE's transmission rates are each established based on a FERC-approved formula. ComEd, BGE, Pepco, DPL and ACE are required to file an annual update to the FERC-approved formula on or before May 15, with the resulting rates effective on June 1 of the same year. The annual formula rate update is based on prior year actual costs and current year projected capital additions (initial year revenue requirement). The update also reconciles any differences between the revenue requirement in effect beginning June 1 of the prior year and actual costs incurred for that year (annual reconciliation). For 2019, the following total increases/(decreases) were included in ComEd’s, BGE’s, Pepco's, DPL's and ACE's electric transmission formula rate filings: Registrant (a) Initial Revenue Requirement Increase (Decrease) Annual Reconciliation Increase (Decrease) Total Revenue Requirement Increase (Decrease) Allowed Return on Rate Base (c) Allowed ROE (d) ComEd $ 21 $ (16 ) $ 5 8.21 % 11.50 % BGE (10 ) (23 ) (19 ) (b) 7.35 % 10.50 % Pepco 15 11 26 7.75 % 10.50 % DPL 17 (1 ) 16 7.14 % 10.50 % ACE 11 (2 ) 9 7.79 % 10.50 % __________ (a) All rates are effective June 2019 , subject to review by the FERC and other parties, which is due by the fourth quarter of 2019 . (b) The change in BGE's transmission revenue requirement includes a FERC approved dedicated facilities charge of $14 million to recover the costs of providing transmission service to specifically designated load by BGE. (c) Represents the weighted average debt and equity return on transmission rate bases. (d) As part of the FERC-approved settlement of ComEd’s 2007 transmission rate case, the rate of return on common equity is 11.50% , inclusive of a 50-basis-point incentive adder for being a member of a RTO, and the common equity component of the ratio used to calculate the weighted average debt and equity return for the transmission formula rate is currently capped at 55% . As part of the FERC-approved settlement of the ROE complaint against BGE, Pepco, DPL and ACE, the rate of return on common equity is 10.50% , inclusive of a 50-basis-point incentive adder for being a member of a RTO. Pending Transmission Formula Rate (Exelon and PECO). On May 1, 2017, PECO filed a request with FERC seeking approval to update its transmission rates and change the manner in which PECO’s transmission rate is determined from a fixed rate to a formula rate. The formula rate will be updated annually to ensure that under this rate customers pay the actual costs of providing transmission services. PECO’s initial formula rate filing included a requested increase of $22 million to PECO’s annual transmission revenue requirement, which reflected a ROE of 11% , inclusive of a 50 basis point adder for being a member of a RTO. On June 27, 2017, FERC issued an Order accepting the filing and suspending the proposed rates until December 1, 2017, subject to refund, and set the matter for hearing and settlement judge procedures. Pursuant to the transmission formula rate request discussed above, PECO made its annual formula rate updates in May 2018 and 2019, which included a decrease of $6 million and an increase of $8 million , respectively, to the annual transmission revenue requirement. The updated transmission formula rates were effective on June 1, 2018 and 2019, respectively, subject to refund. On July 22, 2019, PECO and other parties filed with FERC a settlement agreement, which includes a ROE of 10.35% , inclusive of a 50 basis point adder for being a member of a RTO. The settlement is not expected to have a material impact on PECO’s 2017, 2018, or 2019 annual transmission revenue requirements. A final order from FERC is not expected prior to the fourth quarter of 2019. PECO cannot predict the outcome of this proceeding, or the transmission formula FERC may approve. Other State Regulatory Matters Energy Efficiency Formula Rate. ComEd filed its annual energy efficiency formula rate update with the ICC on May 23, 2019. The filing establishes the revenue requirement used to set the rates that will take effect in January 2020 after the ICC’s review and approval. The revenue requirement requested is based on a reconciliation of the 2018 actual costs plus projected 2019 and 2020 expenditures. Registrant Initial Revenue Requirement Increase (Decrease) Annual Reconciliation Increase (Decrease) Total Revenue Requirement Increase (Decrease) Requested Return on Rate Base Requested ROE ComEd $ 53 $ (2 ) $ 51 (a) 6.53 % 8.91 % __________ (a) The requested revenue requirement increase provides for a weighted average debt and equity return on rate base of 6.53% inclusive of an allowed ROE of 8.91% . The ROE reflects the average rate on 30-year treasury notes plus 580 basis points. The ROE applicable to the 2018 reconciliation year is 10.91% and the return on rate base is 7.49% , which include the Performance Adjustment, which can either increase or decrease the ROE by up to a maximum of 200 basis points. New Jersey Regulatory Matters ACE Infrastructure Investment Program Filing (Exelon, PHI and ACE). On February 28, 2018, ACE filed with the NJBPU the company’s Infrastructure Investment Program (IIP) proposing to seek recovery of a series of investments through a new rider mechanism, totaling $338 million , between 2019-2022 to provide safe and reliable service for its customers. The IIP allowed for more timely recovery of investments made to modernize and enhance ACE’s electric system. On April 15, 2019, ACE entered into a settlement agreement with other parties, which allows for a recovery totaling $96 million of reliability related capital investments from July 1, 2019 through June 30, 2023. On April 18, 2019, the NJBPU approved the settlement agreement. New Jersey Clean Energy Legislation (Exelon, PHI and ACE). On May 23, 2018, New Jersey enacted legislation that established and modified New Jersey’s clean energy and energy efficiency programs and solar and renewable energy portfolio standards. On the same day, New Jersey enacted legislation that established a ZEC program that provides compensation for nuclear plants that demonstrate to the NJBPU that they meet certain requirements, including that they make a significant contribution to air quality in the state and that their revenues are insufficient to cover their costs and risks. Electric distribution utilities in New Jersey, including ACE, began collecting from retail distribution customers, through a non-bypassable charge, all costs associated with the utility’s procurement of the ZECs effective April 18, 2019. See Generation Regulatory Matters below for additional information. Other Federal Regulatory Matters Transmission-Related Income Tax Regulatory Assets (Exelon, ComEd, BGE, PHI, Pepco, DPL and ACE). On December 13, 2016 (and as amended on March 13, 2017), BGE filed with FERC to begin recovering certain existing and future transmission-related income tax regulatory assets through its transmission formula rate. BGE’s existing regulatory assets included (1) amounts that, if BGE’s transmission formula rate provided for recovery, would have been previously amortized and (2) amounts that would be amortized and recovered prospectively. ComEd, Pepco, DPL and ACE had similar transmission-related income tax regulatory liabilities and assets also requiring FERC approval. On November 16, 2017, FERC issued an order rejecting BGE’s proposed revisions to its transmission formula rate to recover these transmission-related income tax regulatory assets. As a result of the FERC’s order, ComEd, BGE, Pepco, DPL and ACE took a charge to Income tax expense within their Consolidated Statements of Operations and Comprehensive Income in the fourth quarter of 2017 reducing their associated transmission-related income tax regulatory assets for the portion of the total transmission-related income tax regulatory assets that would have been previously amortized and recovered through rates. Similar regulatory assets and liabilities at PECO are not subject to the same FERC transmission rate recovery formula. See above for additional information regarding PECO's transmission formula rate filing. On December 18, 2017, BGE filed for clarification and rehearing of FERC’s November 16, 2017 order and on February 23, 2018 (as amended on July 9, 2018), ComEd, Pepco, DPL, and ACE each filed with FERC to revise their transmission formula rate mechanisms to permit recovery of transmission-related income tax regulatory assets, including those amounts that would have been previously amortized and recovered through rates had the transmission formula rate provided for such recovery. On September 7, 2018, FERC issued orders rejecting BGE’s December 18, 2017 request for rehearing and clarification and ComEd's, Pepco's, DPL's and ACE's February 23, 2018 (as amended on July 9, 2018) filings, citing the lack of timeliness of the requests to recover amounts that would have been previously amortized, but indicating that ongoing recovery of certain transmission-related income tax regulatory assets would provide for a more accurate revenue requirement, consistent with its November 16, 2017 order. On October 1, 2018, ComEd, BGE, Pepco, DPL, and ACE submitted filings to recover ongoing non-TCJA amortization amounts and refund TCJA transmission-related income tax regulatory liabilities for the prospective period starting on October 1, 2018. In addition, on October 9, 2018, ComEd, Pepco, DPL, and ACE sought rehearing of FERC's September 7, 2018 order. On November 2, 2018, BGE filed an appeal of FERC’s September 7, 2018 order to the Court of Appeals for the D.C. Circuit. On April 26, 2019, FERC issued an order accepting ComEd’s, BGE’s, Pepco’s, DPL’s, and ACE’s October 1, 2018 filings, effective October 1, 2018, subject to refund and established hearing and settlement judge procedures. ComEd, BGE, Pepco, DPL, and ACE cannot predict the outcome of these proceedings. If FERC ultimately rules that the future, ongoing non-TCJA amortization amounts are not recoverable, Exelon, ComEd, BGE, PHI, Pepco, DPL and ACE would record additional charges to Income tax expense, which could be up to approximately $78 million , $52 million , $16 million , $10 million , $3 million , $5 million and $2 million , respectively, as of June 30, 2019. Regulatory Assets and Liabilities The Utility Registrants' regulatory assets and liabilities have not changed materially since December 31, 2018, unless noted below. See Note 4 — Regulatory Matters of the Exelon 2018 Form 10-K for additional information on the specific regulatory assets and liabilities. ComEd . Regulatory assets increased $88 million primarily due to an increase of $117 million in Energy Efficiency Costs, partially offset by a decrease of $38 million in Electric Distribution Formula Rate Annual Reconciliations. BGE . Regulatory liabilities decreased $71 million primarily due to a decrease of $31 million in Deferred Income Taxes and $29 million in Removal Costs. Pepco. Regulatory assets decreased $50 million primarily due to a decrease of $21 million in Electric Energy and Natural Gas Costs and $16 million in DC PLUG charge. DPL. Regulatory liabilities decreased $36 million primarily due to a decrease of $21 million in Deferred Income Taxes. Capitalized Ratemaking Amounts Not Recognized (Exelon and the Utility Registrants) The following table presents authorized amounts capitalized for ratemaking purposes related to earnings on shareholders’ investment that are not recognized for financial reporting purposes in Exelon's and the Utility Registrant's Consolidated Balance Sheets. These amounts will be recognized as revenues in the related Consolidated Statements of Operations and Comprehensive Income in the periods they are billable to our customers. Exelon ComEd (a) PECO BGE (b) PHI Pepco (c) DPL (c) ACE June 30, 2019 $ 61 $ 5 $ — $ 48 $ 8 $ 5 $ 3 $ — December 31, 2018 $ 65 $ 8 $ — $ 49 $ 8 $ 5 $ 3 $ — _________ (a) Reflects ComEd's unrecognized equity returns earned for ratemaking purposes on its electric distribution formula rate regulatory assets. (b) BGE's authorized amounts capitalized for ratemaking purposes primarily relate to earnings on shareholders' investment on its AMI programs. (c) Pepco's and DPL's authorized amounts capitalized for ratemaking purposes relate to earnings on shareholders' investment on their respective AMI Programs and Energy Efficiency and Demand Response Programs. The earnings on energy efficiency are on Pepco DC and DPL DE programs only. Generation Regulatory Matters (Exelon and Generation) Illinois Regulatory Matters Zero Emission Standard. Pursuant to FEJA, on January 25, 2018, the ICC announced that Generation’s Clinton Unit 1, Quad Cities Unit 1 and Quad Cities Unit 2 nuclear plants were selected as the winning bidders through the IPA's ZEC procurement event. Generation executed the ZEC procurement contracts with Illinois utilities, including ComEd, effective January 26, 2018 and began recognizing revenue with compensation for the sale of ZECs retroactive to the June 1, 2017 effective date of FEJA. During the first quarter of 2018, Generation recognized $150 million of revenue related to ZECs generated from June 1, 2017 through December 31, 2017. On February 14, 2017, two lawsuits were filed in the Northern District of Illinois against the IPA alleging that the state’s ZEC program violates certain provisions of the U.S. Constitution. Both lawsuits argued that the Illinois ZEC program would distort PJM's FERC-approved energy and capacity market auction system of setting wholesale prices and sought a permanent injunction preventing the implementation of the program. The lawsuits were dismissed by the district court on July 14, 2017. On September 13, 2018, the U.S. Circuit Court of Appeals for the Seventh Circuit affirmed the lower court's dismissal of both lawsuits. On January 7, 2019, plaintiffs filed a petition seeking U.S. Supreme Court review of the case, which was denied on April 15, 2019. New Jersey Regulatory Matters New Jersey Clean Energy Legislation. On May 23, 2018, New Jersey enacted legislation that established a ZEC program that will provide compensation for nuclear plants that demonstrate to the NJBPU that they meet certain requirements, including that they make a significant contribution to air quality in the state and that their revenues are insufficient to cover their costs and risks. Under the legislation, the NJBPU will issue ZECs to qualifying nuclear power plants and the electric distribution utilities in New Jersey, including ACE, will be required to purchase those ZECs. On November 19, 2018, NJBPU issued an order providing for the method and application process for determining the eligibility of nuclear power plants, a draft method and process for ranking and selecting eligible nuclear power plants, and the establishment of a mechanism for each regulated utility to purchase ZECs from selected nuclear power plants. On December 19, 2018, PSEG filed complete applications seeking NJBPU approval for Salem 1 and Salem 2, of which Generation owns a 42.59% ownership interest, to participate in the ZEC program. On April 18, 2019, the NJBPU approved the award of ZECs to Salem 1 and Salem 2. Upon approval, Generation began recognizing revenue for the sale of New Jersey ZECs in the month they are generated and has recognized $10 million for the three and six months ended June 30, 2019. On May 15, 2019, New Jersey Rate Counsel appealed the NJBPU's decision to the New Jersey Superior Court. The appeal does not prevent implementation of the ZEC program. Exelon and Generation cannot predict the outcome of the appeal. See Note 8 — Early Plant Retirements for additional information related to Salem. New York Regulatory Matters New York Clean Energy Standard. On August 1, 2016, the NYPSC issued an order establishing the New York CES, a component of which is a Tier 3 ZEC program targeted at preserving the environmental attributes of zero-emissions nuclear-powered generating facilities that meet the criteria demonstrating public necessity as determined by the NYPSC. On October 19, 2016, a coalition of fossil-generation companies filed a complaint in federal district court against the NYPSC alleging that the ZEC program violates certain provisions of the U.S. Constitution; specifically, that the ZEC program interferes with FERC’s jurisdiction over wholesale rates and that it discriminates against out of state competitors, which was dismissed by the district court on July 25, 2017. On September 27, 2018, the U.S. Court of Appeals for the Second Circuit affirmed the lower court's dismissal of the complaint against the ZEC program. On January 7, 2019, the fossil-generation companies filed a petition seeking U.S. Supreme Court review of the case which was denied on April 15, 2019. In addition, on November 30, 2016 (as amended on January 13, 2017), a group of parties filed a Petition in New York State court seeking to invalidate the ZEC program, which argued that the NYPSC did not have authority to establish the program, that it violated state environmental law and that it violated certain technical provisions of the State Administrative Procedures Act when adopting the ZEC program. Subsequently, Generation, CENG and the NYPSC filed motions to dismiss the state court action, which were later opposed by the plaintiffs. On January 22, 2018, the court dismissed the environmental claims and the majority of the plaintiffs from the case but denied the motions to dismiss with respect to the remaining five plaintiffs and claims, without commenting on the merits of the case. Generation, CENG and the state’s answers and briefs were filed on March 30, 2018. On December 17, 2018, plaintiffs filed a reply brief introducing new arguments and new evidence. The State of New York filed a motion to strike on December 28, 2018. On January 4, 2019, Generation and CENG filed a motion to strike the new arguments and new evidence. The court must now decide whether or not to set the case for hearing. See Note 8 — Early Plant Retirements for additional information related to Ginna and Nine Mile Point. Federal Regulatory Matters Operating License Renewals Conowingo Hydroelectric Project. On August 29, 2012, Generation submitted a hydroelectric license application to FERC for a new license for the Conowingo Hydroelectric Project (Conowingo). In connection with Generation’s efforts to obtain a water quality certification pursuant to Section 401 of the Clean Water Act (401 Certification) with MDE for Conowingo, Generation continues to work with MDE and other stakeholders to resolve water quality licensing issues, including: (1) water quality, (2) fish habitat, and (3) sediment. On April 27, 2018, the MDE issued its 401 Certification for Conowingo. As issued, the 401 Certification contains numerous conditions, including those relating to reduction of nutrients from upstream sources, removal of all visible trash and debris from upstream sources, and implementation of measures relating to fish passage, which could have a material, unfavorable impact in Exelon’s and Generation’s financial statements through an increase in capital expenditures and operating costs if implemented. On May 25, 2018, Generation filed complaints in federal and state court, along with a petition for reconsideration with MDE, alleging that the conditions are unfair and onerous violating MDE regulations, state, federal, and constitutional law. Generation also requested that FERC defer the issuance of the federal license while these significant state and federal law issues are pending. On February 28, 2019, Generation filed a Petition for Declaratory Order with FERC requesting that FERC issue an order declaring that MDE waived its right to issue a 401 Certification for Conowingo because it failed to timely act on Conowingo's 401 Certification application and requesting that FERC decline to include the conditions proposed by MDE in April 2018. Exelon also continues to challenge the 401 Certification through the administrative process and in state and federal court. Exelon and Generation cannot predict the final outcome or its financial impact, if any, on Exelon or Generation. As of June 30, 2019 , $40 million of direct costs associated with Conowingo licensing efforts have been capitalized. See Note 4 — Regulatory Matters of the Exelon 2018 Form 10-K for additional information on Generation's operating license renewal efforts. |
Impairment of Long-Lived Assets
Impairment of Long-Lived Assets (Exelon and Generation) | 6 Months Ended |
Jun. 30, 2019 | |
Property, Plant and Equipment [Abstract] | |
Asset Impairment Charges [Text Block] | Impairment of Long-Lived Assets (Exelon and Generation) Registrants evaluate long-lived assets for recoverability whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The fair value analysis is primarily based on the income approach using significant unobservable inputs (Level 3) including revenue and generation forecasts, projected capital and maintenance expenditures and discount rates. Changes in those inputs could potentially result in material future impairments of the Registrants' long-lived assets. Generation’s Antelope Valley, a 242 MW solar facility in Lancaster, CA, sells all of its output to PG&E through a PPA. As of June 30, 2019 , Generation had approximately $740 million of net long-lived assets related to Antelope Valley. As a result of the PG&E bankruptcy filing in the first quarter of 2019, Generation completed a comprehensive review of Antelope Valley's estimated undiscounted future cash flows and no impairment charge was recorded. Significant changes in assumptions such as the likelihood of the PPA being rejected as part of the bankruptcy proceedings could potentially result in future impairments of Antelope Valley’s net long-lived assets, which could be material. Antelope Valley is a wholly owned indirect subsidiary of EGR IV, which had approximately $1,950 million of additional net long-lived assets as of June 30, 2019 . EGR IV is a wholly owned indirect subsidiary of Exelon and Generation and includes Generation's interest in EGRP and other projects with non-controlling interests. To date, there have been no indicators to suggest that the carrying amount of other net long-lived assets of EGR IV may not be recoverable. Generation will continue to monitor the bankruptcy proceedings for any changes in circumstances that may indicate the carrying amount of the net long-lived assets of Antelope Valley or other long-lived assets of EGR IV may not be recoverable. See Note 11 - Debt and Credit Agreements for additional information on the PG&E bankruptcy. |
Early Plant Retirements (Exelon
Early Plant Retirements (Exelon and Generation) | 6 Months Ended |
Jun. 30, 2019 | |
Property, Plant and Equipment [Abstract] | |
Early Plant Retirements (Exelon and Generation) | Early Plant Retirements (Exelon and Generation) Exelon and Generation continuously evaluate factors that affect the current and expected economic value of Generation’s plants, including, but not limited to: market power prices, results of capacity auctions, potential legislative and regulatory solutions to ensure plants are fairly compensated for benefits they provide through their carbon-free emissions, reliability, or fuel security, and the impact of potential rules from the EPA requiring reduction of carbon and other emissions and the efforts of states to implement those final rules. The precise timing of an early retirement date for any plant, and the resulting financial statement impacts, may be affected by many factors, including the status of potential regulatory or legislative solutions, results of any transmission system reliability study assessments, the nature of any co-owner requirements and stipulations, and NDT fund requirements for nuclear plants, among other factors. However, the earliest retirement date for any plant would usually be the first year in which the unit does not have capacity or other obligations, and where applicable, just prior to its next scheduled nuclear refueling outage. Nuclear Generation In 2015 and 2016, Generation identified the Clinton and Quad Cities nuclear plants in Illinois, Ginna and Nine Mile Point nuclear plants in New York and Three Mile Island nuclear plant in Pennsylvania as having the greatest risk of early retirement based on economic valuation and other factors. In 2017, PSEG made public similar financial challenges facing its New Jersey nuclear plants, including Salem, of which Generation owns a 42.59% ownership interest. PSEG is the operator of Salem and also has the decision making authority to retire Salem. Assuming the continued effectiveness of the Illinois ZES, New Jersey ZEC program and the New York CES, Generation and CENG, through its ownership of Ginna and Nine Mile Point, no longer consider Clinton, Quad Cities, Salem, Ginna or Nine Mile Point to be at heightened risk for early retirement. However, to the extent the Illinois ZES, New Jersey ZEC program or the New York CES programs do not operate as expected over their full terms, each of these plants could again be at heightened risk for early retirement, which could have a material impact on Exelon’s and Generation’s future financial statements. See Note 6 — Regulatory Matters for additional information on the Illinois ZES, New Jersey ZEC program and New York CES. In Pennsylvania, the TMI nuclear plant did not clear in the May 2017 PJM capacity auction for the 2020-2021 planning year, the third consecutive year that TMI failed to clear the PJM base residual capacity auction and on May 30, 2017, based on these capacity auction results, prolonged periods of low wholesale power prices, and the absence of federal or state policies that place a value on nuclear energy for its ability to produce electricity without air pollution, Generation announced that it would permanently cease generation operations at TMI on or about September 30, 2019. Generation filed the required market and regulatory notifications to shut down the plant and PJM approved the deactivation. On April 5, 2019, Generation filed the PSDAR with the NRC detailing the plans for TMI after its final shutdown. On February 2, 2018, Generation announced that it would permanently cease generation operations at the Oyster Creek nuclear plant at the end of its current operating cycle and permanently ceased generation operations in September 2018. As a result of these early nuclear plant retirement decisions, Exelon and Generation recognized incremental non-cash charges to earnings stemming from shortening the expected economic useful lives primarily related to accelerated depreciation of plant assets (including any ARC) and accelerated amortization of nuclear fuel, as well as operating and maintenance expenses. See Note 13 — Nuclear Decommissioning for additional information on changes to the nuclear decommissioning ARO balance. The total impact for the three and six months ended June 30, 2019 and 2018 are summarized in the table below. Three Months Ended June 30, Six Months Ended June 30, Income statement expense (pre-tax) 2019 2018 2019 2018 Depreciation and amortization (a) Accelerated depreciation $ 71 $ 152 $ 145 $ 289 Accelerated nuclear fuel amortization 4 19 9 34 Operating and maintenance (b) — 2 (83 ) 28 Total $ 75 $ 173 $ 71 $ 351 _________ (a) Reflects incremental accelerated depreciation and amortization for TMI for the three and six months ended June 30, 2019 . Reflects incremental accelerated depreciation for TMI and Oyster Creek for the three and six months ended June 30, 2018 . The Oyster Creek amounts are from February 2, 2018 through June 30, 2018. (b) In 2019, primarily reflects decrease to estimated decommissioning costs for TMI. See Note 13 — Nuclear Decommissioning for additional information on the first quarter 2019 TMI ARO update. In 2018, primarily reflects materials and supplies inventory reserve adjustments, employee related costs and CWIP impairments associated with the early retirement decisions for TMI and Oyster Creek. Generation’s Dresden, Byron and Braidwood nuclear plants in Illinois are also showing increased signs of economic distress, which could lead to an early retirement, in a market that does not currently compensate them for their unique contribution to grid resiliency and their ability to produce large amounts of energy without carbon and air pollution. The May 2018 PJM capacity auction for the 2021-2022 planning year resulted in the largest volume of nuclear capacity ever not selected in the auction, including all of Dresden, and portions of Byron and Braidwood. Exelon continues to work with stakeholders on state policy solutions, while also advocating for broader market reforms at the regional and federal level. Other Generation On March 29, 2018, Generation notified grid operator ISO-NE of its plans to early retire its Mystic Generating Station assets absent regulatory reforms on June 1, 2022, at the end of the then-current capacity commitment for Mystic Units 7 and 8. Mystic Unit 9 was then committed through May 2021. On May 16, 2018, Generation made a filing with FERC to establish cost-of-service compensation and terms and conditions of service for Mystic Units 8 and 9 for the period between June 1, 2022 - May 31, 2024. On December 20, 2018, FERC issued an order accepting the cost of service agreement reflecting a number of adjustments to the annual fixed revenue requirement and allowing for recovery of a substantial portion of the costs associated with the Everett Marine Terminal. Those adjustments were reflected in a compliance filing filed March 1, 2019. In the December 20, 2018 order, FERC also directed a paper hearing on ROE using a new methodology. Initial briefs in the ROE proceeding were filed on April 19, 2019 and reply briefs were filed on July 18, 2019. On January 4, 2019, Generation notified ISO-NE that it will participate in the Forward Capacity Market auction for the 2022 - 2023 capacity commitment period. In addition, on January 22, 2019, Exelon and several other parties filed requests for rehearing of certain findings of the December 20, 2018 order, which does not alter Generation's commitment to participate in the Forward Capacity Auction for the 2022-2023 capacity commitment period. On June 10, 2019, ISO-NE announced that it has determined that Mystic 8 and 9 are needed for fuel security for the 2023-2024 capacity commitment period. On March 25, 2019, ISO-NE filed the Inventoried Energy Program, which is intended to provide an interim fuel security program pending conclusion of the stakeholder process to develop a long-term, market-based solution to address fuel security. Exelon filed comments on the Inventoried Energy Program proposal on April 15, 2019. FERC has ordered ISO-NE to file long-term, market-based fuel security rules by October 15, 2019. On May 8, 2019, FERC issued a deficiency letter to ISO-NE seeking additional information on the Inventoried Energy Program proposal, and ISO-NE filed a response on June 6, 2019. On July 15, 2019, FERC held a staff-led public meeting on the long-term, market-based fuel security proposal. The following table provides the balance sheet amounts as of June 30, 2019 for Exelon's and Generation’s significant assets and liabilities associated with the Mystic Units 8 and 9 and Everett Marine Terminal assets that would potentially be impacted by a decision to permanently cease generation operations in the absence of long-term market rule changes. June 30, 2019 Asset Balances Materials and supplies inventory $ 30 Fuel inventory 11 Completed plant, net 896 Construction work in progress 4 Liability Balances Asset retirement obligation (1 ) |
Fair Value of Financial Assets
Fair Value of Financial Assets and Liabilities (All Registrants) | 6 Months Ended |
Jun. 30, 2019 | |
Fair Value Disclosures [Abstract] | |
Fair Value of Financial Assets and Liabilities (All Registrants) | Fair Value of Financial Assets and Liabilities (All Registrants) E xelon measures and classifies fair value measurements in accordance with the hierarchy as defined by GAAP. The hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three levels as follows: • Level 1 - quoted prices (unadjusted) in active markets for identical assets or liabilities that the Registrants have the ability to liquidate as of the reporting date. • Level 2 - inputs other than quoted prices included within Level 1 that are directly observable for the asset or liability or indirectly observable through corroboration with observable market data. • Level 3 - unobservable inputs, such as internally developed pricing models or third-party valuations for the asset or liability due to little or no market activity for the asset or liability. Exelon’s valuation techniques used to measure the fair value of the assets and liabilities shown in the tables below are in accordance with the policies discussed in Note 11 — Fair Value of Financial Assets and Liabilities of the Exelon 2018 Form 10-K, unless otherwise noted below. Fair Value of Financial Liabilities Recorded at Amortized Cost The following tables present the carrying amounts and fair values of the Registrants’ short-term liabilities, long-term debt, SNF obligation and trust preferred securities (long-term debt to financing trusts or junior subordinated debentures) as of June 30, 2019 and December 31, 2018 . The Registrants have no financial liabilities classified as Level 1. The carrying amounts of the Registrants’ short-term liabilities as presented on their Consolidated Balance Sheets are representative of their fair value (Level 2) because of the short-term nature of these instruments. June 30, 2019 December 31, 2018 Carrying Amount Fair Value Carrying Amount Fair Value Level 2 Level 3 Total Level 2 Level 3 Total Long-Term Debt, including amounts due within one year (a) Exelon $ 35,685 $ 36,248 $ 2,569 $ 38,817 $ 35,424 $ 33,711 $ 2,158 $ 35,869 Generation 8,704 7,822 1,472 9,294 8,793 7,467 1,443 8,910 ComEd 8,195 9,222 — 9,222 8,101 8,390 — 8,390 PECO 3,085 3,415 50 3,465 3,084 3,157 50 3,207 BGE 2,877 3,197 — 3,197 2,876 2,950 — 2,950 PHI 6,509 5,823 1,047 6,870 6,259 5,436 665 6,101 Pepco 2,860 3,134 377 3,511 2,719 2,901 196 3,097 DPL 1,495 1,396 218 1,614 1,494 1,303 193 1,496 ACE 1,329 1,025 451 1,476 1,188 987 275 1,262 Long-Term Debt to Financing Trusts (a) Exelon $ 390 $ — $ 415 $ 415 $ 390 $ — $ 400 $ 400 ComEd 205 — 209 209 205 — 209 209 PECO 184 — 206 206 184 — 191 191 SNF Obligation Exelon $ 1,186 $ 1,025 $ — $ 1,025 $ 1,171 $ 949 $ — $ 949 Generation 1,186 1,025 — 1,025 1,171 949 — 949 ____ (a) Includes unamortized debt issuance costs which are not fair valued. Recurring Fair Value Measurements The following tables present assets and liabilities measured and recorded at fair value in the Registrants' Consolidated Balance Sheets on a recurring basis and their level within the fair value hierarchy as of June 30, 2019 and December 31, 2018 : Exelon Generation As of June 30, 2019 Level 1 Level 2 Level 3 Not subject to leveling Total Level 1 Level 2 Level 3 Not subject to leveling Total Assets Cash equivalents (a) $ 648 $ — $ — $ — $ 648 $ 323 $ — $ — $ — $ 323 NDT fund investments Cash equivalents (b) 1,241 90 — — 1,331 1,241 90 — — 1,331 Equities 3,123 1,638 — 1,328 6,089 3,123 1,638 — 1,328 6,089 Fixed income Corporate debt — 1,453 247 — 1,700 — 1,453 247 — 1,700 U.S. Treasury and agencies 1,589 134 — — 1,723 1,589 134 — — 1,723 Foreign governments — 58 — — 58 — 58 — — 58 State and municipal debt — 81 — — 81 — 81 — — 81 Other (c) — 19 — 955 974 — 19 — 955 974 Fixed income subtotal 1,589 1,745 247 955 4,536 1,589 1,745 247 955 4,536 Exelon Generation As of June 30, 2019 Level 1 Level 2 Level 3 Not subject to leveling Total Level 1 Level 2 Level 3 Not subject to leveling Total Middle market lending — — 292 455 747 — — 292 455 747 Private equity — — — 379 379 — — — 379 379 Real estate — — — 557 557 — — — 557 557 NDT fund investments subtotal (d) 5,953 3,473 539 3,674 13,639 5,953 3,473 539 3,674 13,639 Rabbi trust investments Cash equivalents 49 — — — 49 4 — — — 4 Mutual funds 73 — — — 73 23 — — — 23 Fixed income — 13 — — 13 — — — — — Life insurance contracts — 72 40 — 112 — 23 — — 23 Rabbi trust investments subtotal 122 85 40 — 247 27 23 — — 50 Commodity derivative assets Economic hedges 505 2,148 1,875 — 4,528 505 2,148 1,875 — 4,528 Proprietary trading — 44 139 — 183 — 44 139 — 183 Effect of netting and allocation of collateral (e)(f) (646 ) (2,042 ) (965 ) — (3,653 ) (646 ) (2,042 ) (965 ) — (3,653 ) Commodity derivative assets subtotal (141 ) 150 1,049 — 1,058 (141 ) 150 1,049 — 1,058 Total assets 6,582 3,708 1,628 3,674 15,592 6,162 3,646 1,588 3,674 15,070 Liabilities Commodity derivative liabilities Economic hedges (743 ) (2,539 ) (1,606 ) — (4,888 ) (743 ) (2,539 ) (1,333 ) — (4,615 ) Proprietary trading — (44 ) (71 ) — (115 ) — (44 ) (71 ) — (115 ) Effect of netting and allocation of collateral (e)(f) 743 2,438 1,228 — 4,409 743 2,438 1,228 — 4,409 Commodity derivative liabilities subtotal — (145 ) (449 ) — (594 ) — (145 ) (176 ) — (321 ) Deferred compensation obligation — (137 ) — — (137 ) — (36 ) — — (36 ) Total liabilities — (282 ) (449 ) — (731 ) — (181 ) (176 ) — (357 ) Total net assets $ 6,582 $ 3,426 $ 1,179 $ 3,674 $ 14,861 $ 6,162 $ 3,465 $ 1,412 $ 3,674 $ 14,713 Exelon Generation As of December 31, 2018 Level 1 Level 2 Level 3 Not subject to leveling Total Level 1 Level 2 Level 3 Not subject to leveling Total Assets Cash equivalents (a) $ 1,243 $ — $ — $ — $ 1,243 $ 581 $ — $ — $ — $ 581 NDT fund investments Cash equivalents (b) 252 86 — — 338 252 86 — — 338 Equities 2,918 1,591 — 1,381 5,890 2,918 1,591 — 1,381 5,890 Fixed income Corporate debt — 1,593 230 — 1,823 — 1,593 230 — 1,823 U.S. Treasury and agencies 2,081 99 — — 2,180 2,081 99 — — 2,180 Foreign governments — 50 — — 50 — 50 — — 50 State and municipal debt — 149 — — 149 — 149 — — 149 Other (c) — 30 — 846 876 — 30 — 846 876 Fixed income subtotal 2,081 1,921 230 846 5,078 2,081 1,921 230 846 5,078 Middle market lending — — 313 367 680 — — 313 367 680 Private equity — — — 329 329 — — — 329 329 Real estate — — — 510 510 — — — 510 510 NDT fund investments subtotal (d) 5,251 3,598 543 3,433 12,825 5,251 3,598 543 3,433 12,825 Rabbi trust investments Cash equivalents 48 — — — 48 5 — — — 5 Mutual funds 72 — — — 72 24 — — — 24 Fixed income — 15 — — 15 — — — — — Life insurance contracts — 70 38 — 108 — 22 — — 22 Rabbi trust investments subtotal 120 85 38 — 243 29 22 — — 51 Commodity derivative assets Economic hedges 541 2,760 1,470 — 4,771 541 2,760 1,470 — 4,771 Proprietary trading — 69 77 — 146 — 69 77 — 146 Effect of netting and allocation of collateral (e)(f) (582 ) (2,357 ) (732 ) — (3,671 ) (582 ) (2,357 ) (732 ) — (3,671 ) Commodity derivative assets subtotal (41 ) 472 815 — 1,246 (41 ) 472 815 — 1,246 Total assets 6,573 4,155 1,396 3,433 15,557 5,820 4,092 1,358 3,433 14,703 Exelon Generation As of December 31, 2018 Level 1 Level 2 Level 3 Not subject to leveling Total Level 1 Level 2 Level 3 Not subject to leveling Total Liabilities Commodity derivative liabilities Economic hedges (642 ) (2,963 ) (1,276 ) — (4,881 ) (642 ) (2,963 ) (1,027 ) — (4,632 ) Proprietary trading — (73 ) (21 ) — (94 ) — (73 ) (21 ) — (94 ) Effect of netting and allocation of collateral (e)(f) 639 2,581 808 — 4,028 639 2,581 808 — 4,028 Commodity derivative liabilities subtotal (3 ) (455 ) (489 ) — (947 ) (3 ) (455 ) (240 ) — (698 ) Deferred compensation obligation — (137 ) — — (137 ) — (35 ) — — (35 ) Total liabilities (3 ) (592 ) (489 ) — (1,084 ) (3 ) (490 ) (240 ) — (733 ) Total net assets $ 6,570 $ 3,563 $ 907 $ 3,433 $ 14,473 $ 5,817 $ 3,602 $ 1,118 $ 3,433 $ 13,970 _________ (a) Exelon excludes cash of $447 million and $458 million at June 30, 2019 and December 31, 2018 , respectively, and restricted cash of $83 million and $80 million at June 30, 2019 and December 31, 2018 , respectively, and includes long-term restricted cash of $191 million and $185 million at June 30, 2019 and December 31, 2018 , respectively, which is reported in Other deferred debits in the Consolidated Balance Sheets. Generation excludes cash of $329 million and $283 million at June 30, 2019 and December 31, 2018 , respectively, and restricted cash of $45 million and $39 million at June 30, 2019 and December 31, 2018 , respectively. (b) Includes $75 million and $50 million of cash received from outstanding repurchase agreements at June 30, 2019 and December 31, 2018 , respectively, and is offset by an obligation to repay upon settlement of the agreement as discussed in (d) below. (c) Includes a derivative liability of $2 million and a derivative asset of $44 million , which have total notional amounts of $827 million and $1,432 million at June 30, 2019 and December 31, 2018 , respectively. The notional principal amounts for these instruments provide one measure of the transaction volume outstanding as of the fiscal years ended and do not represent the amount of Exelon and Generation's exposure to credit or market loss. (d) Excludes net liabilities of $141 million and $130 million at June 30, 2019 and December 31, 2018 , respectively. These items consist of receivables related to pending securities sales, interest and dividend receivables, repurchase agreement obligations, and payables related to pending securities purchases. The repurchase agreements are generally short-term in nature with durations generally of 30 days or less. (e) Collateral posted/(received) from counterparties totaled $97 million , $396 million and $263 million allocated to Level 1, Level 2 and Level 3 mark-to-market derivatives, respectively, as of June 30, 2019 . Collateral posted/(received) from counterparties, net of collateral paid to counterparties, totaled $57 million , $224 million and $76 million allocated to Level 1, Level 2 and Level 3 mark-to-market derivatives, respectively, as of December 31, 2018 . (f) Of the collateral posted/(received), $358 million and $(94) million represents variation margin on the exchanges as of June 30, 2019 and December 31, 2018 , respectively. As of June 30, 2019 , Exelon and Generation have outstanding commitments to invest in fixed income, middle market lending, private equity and real estate investments of approximately $121 million , $84 million , $396 million , and $252 million , respectively. These commitments will be funded by Generation’s existing NDT funds. Exelon and Generation hold investments without readily determinable fair values with carrying amounts of $75 million as of June 30, 2019 . Changes were immaterial in fair value, cumulative adjustments and impairments for the three and six months ended June 30, 2019 . Valuation Techniques Used to Determine Net Asset Value Certain NDT Fund Investments are not classified within the fair value hierarchy and are included under the heading “Not subject to leveling” in the table above. These investments are measured at fair value using NAV per share as a practical expedient and include commingled funds, mutual funds which are not publicly quoted, managed middle market funds, private equity and real estate funds. For commingled funds and mutual funds, which are not publicly quoted, the fair value is primarily derived from the quoted prices in active markets on the underlying securities and can typically be redeemed monthly with 30 or less days of notice and without further restrictions. For managed middle market funds, the fair value is determined using a combination of valuation models including cost models, market models, and income models and typically cannot be redeemed until maturity of the term loan. Private equity and real estate investments include those in limited partnerships that invest in operating companies and real estate holding companies that are not publicly traded on a stock exchange, such as, leveraged buyouts, growth capital, venture capital, distressed investments, investments in natural resources, and direct investments in pools of real estate properties. These investments typically cannot be redeemed and are generally liquidated over a period of 8 to 10 years from the initial investment date, which is based on Exelon’s understanding of the investment funds. Private equity and real estate valuations are reported by the fund manager and are based on the valuation of the underlying investments, which include inputs such as cost, operating results, discounted future cash flows, market based comparable data, and independent appraisals from sources with professional qualifications. These valuation inputs are unobservable. ComEd, PECO and BGE ComEd PECO BGE As of June 30, 2019 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets Cash equivalents (a) $ 222 $ — $ — $ 222 $ 9 $ — $ — $ 9 $ 1 $ — $ — $ 1 Rabbi trust investments Mutual funds — — — — 7 — — 7 7 — — 7 Life insurance contracts — — — — — 10 — 10 — — — — Rabbi trust investments subtotal — — — — 7 10 — 17 7 — — 7 Total assets 222 — — 222 16 10 — 26 8 — — 8 Liabilities Deferred compensation obligation — (7 ) — (7 ) — (8 ) — (8 ) — (5 ) — (5 ) Mark-to-market derivative liabilities (b) — — (273 ) (273 ) — — — — — — — — Total liabilities — (7 ) (273 ) (280 ) — (8 ) — (8 ) — (5 ) — (5 ) Total net assets (liabilities) $ 222 $ (7 ) $ (273 ) $ (58 ) $ 16 $ 2 $ — $ 18 $ 8 $ (5 ) $ — $ 3 ComEd PECO BGE As of December 31, 2018 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets Cash equivalents (a) $ 209 $ — $ — $ 209 $ 111 $ — $ — $ 111 $ 4 $ — $ — $ 4 Rabbi trust investments Mutual funds — — — — 7 — — 7 6 — — 6 Life insurance contracts — — — — — 10 — 10 — — — — Rabbi trust investments subtotal — — — — 7 10 — 17 6 — — 6 Total assets 209 — — 209 118 10 — 128 10 — — 10 Liabilities Deferred compensation obligation — (6 ) — (6 ) — (10 ) — (10 ) — (5 ) — (5 ) Mark-to-market derivative liabilities (b) — — (249 ) (249 ) — — — — — — — — Total liabilities — (6 ) (249 ) (255 ) — (10 ) — (10 ) — (5 ) — (5 ) Total net assets (liabilities) $ 209 $ (6 ) $ (249 ) $ (46 ) $ 118 $ — $ — $ 118 $ 10 $ (5 ) $ — $ 5 _________ (a) ComEd excludes cash of $65 million and $93 million at June 30, 2019 and December 31, 2018 , respectively, and restricted cash of $29 million and $28 million at June 30, 2019 and December 31, 2018 , respectively, and includes long-term restricted cash of $174 million and $166 million at June 30, 2019 and December 31, 2018 , respectively, which is reported in Other deferred debits in the Consolidated Balance Sheets. PECO excludes cash of $17 million and $24 million at June 30, 2019 and December 31, 2018 , respectively. BGE excludes cash of $7 million at both June 30, 2019 and December 31, 2018 , and restricted cash of $1 million and $2 million at June 30, 2019 and December 31, 2018 , respectively. (b) The Level 3 balance consists of the current and noncurrent liability of $29 million and $244 million , respectively, at June 30, 2019 , and $26 million and $223 million , respectively, at December 31, 2018 , related to floating-to-fixed energy swap contracts with unaffiliated suppliers. PHI, Pepco, DPL and ACE As of June 30, 2019 As of December 31, 2018 PHI Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets Cash equivalents (a) $ 87 $ — $ — $ 87 $ 147 $ — $ — $ 147 Rabbi trust investments Cash equivalents 44 — — 44 42 — — 42 Mutual funds 13 — — 13 13 — — 13 Fixed income — 13 — 13 — 15 — 15 Life insurance contracts — 23 40 63 — 22 38 60 Rabbi trust investments subtotal 57 36 40 133 55 37 38 130 Total assets 144 36 40 220 202 37 38 277 Liabilities Deferred compensation obligation — (19 ) — (19 ) — (21 ) — (21 ) Total liabilities — (19 ) — (19 ) — (21 ) — (21 ) Total net assets $ 144 $ 17 $ 40 $ 201 $ 202 $ 16 $ 38 $ 256 Pepco DPL ACE As of June 30, 2019 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets Cash equivalents (a) $ 40 $ — $ — $ 40 $ 1 $ — $ — $ 1 $ 19 $ — $ — $ 19 Rabbi trust investments Cash equivalents 43 — — 43 — — — — — — — — Fixed income — 3 — 3 — — — — — — — — Life insurance contracts — 23 39 62 — — — — — — — — Rabbi trust investments subtotal 43 26 39 108 — — — — — — — — Total assets 83 26 39 148 1 — — 1 19 — — 19 Liabilities Deferred compensation obligation — (2 ) — (2 ) — — — — — — — — Total liabilities — (2 ) — (2 ) — — — — — — — — Total net assets $ 83 $ 24 $ 39 $ 146 $ 1 $ — $ — $ 1 $ 19 $ — $ — $ 19 Pepco DPL ACE As of December 31, 2018 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets Cash equivalents (a) $ 38 $ — $ — $ 38 $ 16 $ — $ — $ 16 $ 23 $ — $ — $ 23 Rabbi trust investments Cash equivalents 41 — — 41 — — — — — — — — Fixed income — 5 — 5 — — — — — — — — Life insurance contracts — 22 37 59 — — — — — — — — Rabbi trust investments subtotal 41 27 37 105 — — — — — — — — Total assets 79 27 37 143 16 — — 16 23 — — 23 Liabilities Deferred compensation obligation — (3 ) — (3 ) — (1 ) — (1 ) — — — — Total liabilities — (3 ) — (3 ) — (1 ) — (1 ) — — — — Total net assets (liabilities) $ 79 $ 24 $ 37 $ 140 $ 16 $ (1 ) $ — $ 15 $ 23 $ — $ — $ 23 _________ (a) PHI excludes cash of $21 million and $39 million at June 30, 2019 and December 31, 2018 , respectively, and includes long-term restricted cash of $17 million and $19 million at June 30, 2019 and December 31, 2018 , respectively, which is reported in Other deferred debits in the Consolidated Balance Sheets. Pepco excludes cash of $12 million and $15 million at June 30, 2019 and December 31, 2018 , respectively. DPL excludes cash of $3 million and $8 million at June 30, 2019 and December 31, 2018 , respectively. ACE excludes cash of $4 million and $7 million at June 30, 2019 and December 31, 2018 , respectively, and includes long-term restricted cash of $17 million and $19 million at June 30, 2019 and December 31, 2018 , respectively, which is reported in Other deferred debits in the Consolidated Balance Sheets. The following tables present the fair value reconciliation of Level 3 assets and liabilities measured at fair value on a recurring basis during the three and six months ended June 30, 2019 and 2018 : Exelon Generation ComEd PHI and Pepco Three Months Ended June 30, 2019 Total NDT Fund Investments Mark-to-Market Derivatives Total Generation Mark-to-Market Derivatives Life Insurance Contracts Eliminated in Consolidation Balance as of March 31, 2019 $ 838 $ 540 $ 499 $ 1,039 $ (240 ) $ 39 $ — Total realized / unrealized gains (losses) Included in net income 275 2 272 (a) 274 — 1 — Included in noncurrent payables to affiliates — 10 — 10 — — (10 ) Included in regulatory assets/liabilities (23 ) — — — (33 ) (b) — 10 Change in collateral 106 — 106 106 — — — Purchases, sales, issuances and settlements Purchases 51 40 11 51 — — — Sales (1 ) — (1 ) (1 ) — — — Settlements (53 ) (53 ) — (53 ) — — — Transfers into Level 3 3 — 3 (c) 3 — — — Transfers out of Level 3 (17 ) — (17 ) (c) (17 ) — — — Balance at June 30, 2019 $ 1,179 $ 539 $ 873 $ 1,412 $ (273 ) $ 40 $ — The amount of total gains (losses) included in income attributed to the change in unrealized gains (losses) related to assets and liabilities as of June 30, 2019 $ 339 $ 1 $ 337 $ 338 $ — $ 1 $ — Exelon Generation ComEd PHI and Pepco Six Months Ended June 30, 2019 Total NDT Fund Investments Mark-to-Market Derivatives Total Generation Mark-to-Market Derivatives Life Insurance Contracts Eliminated in Consolidation Balance as of December 31, 2018 $ 907 $ 543 $ 575 $ 1,118 $ (249 ) $ 38 $ — Total realized / unrealized gains (losses) Included in net income 46 3 41 (a) 44 — 2 — Included in noncurrent payables to affiliates — 21 — 21 — — (21 ) Included in regulatory assets (3 ) — — — (24 ) (b) — 21 Change in collateral 187 — 187 187 — — — Purchases, sales, issuances and settlements Purchases 110 42 68 110 — — — Sales (1 ) — (1 ) (1 ) — — — Settlements (70 ) (70 ) — (70 ) — — — Transfers into Level 3 3 — 3 (c) 3 — — — Transfers out of Level 3 — — — (c) — — — — Balance as of June 30, 2019 $ 1,179 $ 539 $ 873 $ 1,412 $ (273 ) $ 40 $ — The amount of total gains (losses) included in income attributed to the change in unrealized gains (losses) related to assets and liabilities as of June 30, 2019 $ 191 $ 3 $ 186 $ 189 $ — $ 2 $ — __________ (a) Includes a reduction for the reclassification of $65 million and $145 million of realized gains due to the settlement of derivative contracts for the three and six months ended June 30, 2019 , respectively. (b) Includes $41 million of decreases in fair value and an increase for realized losses due to settlements of $8 million recorded in purchased power expense associated with floating-to-fixed energy swap contracts with unaffiliated suppliers for the three months ended June 30, 2019 . Includes $37 million of increases in fair value and an increase for realized losses due to settlements of $13 million recorded in purchased power expense associated with floating-to-fixed energy swap contracts with unaffiliated suppliers for the six months ended June 30, 2019 . (c) Transfers into and out of Level 3 generally occur when the contract tenor becomes less and more observable respectively, primarily due to changes in market liquidity or assumptions for certain commodity contracts. Exelon Generation ComEd PHI and Pepco Three Months Ended June 30, 2018 Total NDT Fund Investments Mark-to-Market Derivatives Total Generation Mark-to-Market Derivatives Life Insurance Contracts Eliminated in Consolidation Balance as of March 31, 2018 $ 1,283 $ 609 $ 918 $ 1,527 $ (267 ) $ 23 $ — Total realized / unrealized gains (losses) Included in net income (112 ) — (113 ) (a) (113 ) — 1 — Included in noncurrent payables to affiliates — (3 ) — (3 ) — — 3 Included in regulatory assets 12 — — — 15 (b) — (3 ) Change in collateral (49 ) — (49 ) (49 ) — — — Purchases, sales, issuances and settlements Purchases 30 17 13 30 — — — Sales (1 ) — (1 ) (1 ) — — — Settlements (26 ) (38 ) — (38 ) — 12 — Transfers into Level 3 (15 ) — (15 ) (c) (15 ) — — — Transfers out of Level 3 (16 ) — (16 ) (c) (16 ) — — — Balance as of June 30, 2018 $ 1,106 $ 585 $ 737 $ 1,322 $ (252 ) $ 36 $ — The amount of total gains (losses) included in income attributed to the change in unrealized gains (losses) related to assets and liabilities as of June 30, 2018 $ 3 $ (4 ) $ 7 $ 3 $ — $ — $ — Exelon Generation ComEd PHI and Pepco Six Months Ended June 30, 2018 Total NDT Fund Investments Mark-to-Market Derivatives Total Generation Mark-to-Market Derivatives Life Insurance Contracts Eliminated in Consolidation Balance as of December 31, 2017 $ 966 $ 648 $ 552 $ 1,200 $ (256 ) $ 22 $ — Total realized / unrealized gains (losses) Included in net income 74 1 71 (a) 72 — 2 — Included in noncurrent payables to affiliates — 3 — 3 — — (3 ) Included in regulatory assets 7 — — — 4 (b) — 3 Change in collateral 57 — 57 57 — — — Purchases, sales, issuances and settlements Purchases 119 19 100 119 — — — Sales (4 ) — (4 ) (4 ) — — — Settlements (74 ) (86 ) — (86 ) — 12 — Transfers into Level 3 (23 ) — (23 ) (c) (23 ) — — — Transfers out of Level 3 (16 ) — (16 ) (c) (16 ) — — — Balance as of June 30, 2018 $ 1,106 $ 585 $ 737 $ 1,322 $ (252 ) $ 36 $ — The amount of total gains (losses) included in income attributed to the change in unrealized gains (losses) related to assets and liabilities as of June 30, 2018 $ 259 $ (4 ) $ 263 $ 259 $ — $ — $ — __________ (a) Includes a reduction for the reclassification of $120 million and $192 million of realized gains due to the settlement of derivative contracts for the three and six months ended June 30, 2018 , respectively. (b) Includes $11 million of decreases in fair value and an increase for realized losses due to settlements of $4 million recorded in purchased power expense associated with floating-to-fixed energy swap contracts with unaffiliated suppliers for the three months ended June 30, 2018 . Includes $6 million of increases in fair value and an increase for realized losses due to settlements of $10 million recorded in purchased power expense associated with floating-to-fixed energy swap contracts with unaffiliated suppliers for the six months ended June 30, 2018 . (c) Transfers into and out of Level 3 generally occur when the contract tenor becomes less and more observable respectively, primarily due to changes in market liquidity or assumptions for certain commodity contracts. The following tables present the income statement classification of the total realized and unrealized gains (losses) included in income for Level 3 assets and liabilities measured at fair value on a recurring basis during the three and six months ended June 30, 2019 and 2018 : Exelon Generation PHI and Pepco Operating Purchased Operating and Maintenance Other, net Operating Purchased Other, net Operating and Maintenance Total realized gains (losses) for the three months ended June 30, 2019 $ 275 $ (3 ) $ 1 $ 2 $ 275 $ (3 ) $ 2 $ 1 Total realized (losses) gains for the six months ended June 30, 2019 147 (106 ) 2 3 147 (106 ) 3 2 Total unrealized gains (losses) for the three months ended June 30, 2019 360 (23 ) 1 1 360 (23 ) 1 1 Total unrealized gains (losses) for the six months ended June 30, 2019 269 (83 ) 2 3 269 (83 ) 3 2 Exelon Generation PHI and Pepco Operating Purchased Operating and Maintenance Other, net Operating Revenues Purchased Power and Fuel Other, net Operating and Maintenance Total realized (losses) gains for the three months ended June 30, 2018 $ (191 ) $ 78 $ 1 $ — $ (191 ) $ 78 $ — $ 1 Total realized gains (losses) for the six months ended June 30, 2018 144 (73 ) 2 2 144 (73 ) 2 2 Total unrealized (losses) gains for the three months ended June 30, 2018 (71 ) 78 — (4 ) (71 ) 78 (4 ) — Total unrealized gains (losses) for the six months ended June 30, 2018 238 25 — (3 ) 238 25 (3 ) — The table below discloses the significant inputs to the forward curve used to value these positions. Type of trade Fair Value at June 30, 2019 Fair Value at December 31, 2018 Valuation Technique Unobservable Input 2019 Range 2018 Range Mark-to-market derivatives — Economic Hedges (Exelon and Generation) (a)(b) $ 542 $ 443 Discounted Forward power $10 - $118 $12 - $174 Forward gas $1.54 - $11.26 $0.78 - $12.38 Option Volatility 8% - 384% 10% - 277% Mark-to-market derivatives — Proprietary trading (Exelon and Generation) (a)(b) $ 68 $ 56 Discounted Forward power $10 - $118 $14 - $174 Mark-to-market derivatives (Exelon and ComEd) $ (273 ) $ (249 ) Discounted Forward heat (c) 9x - 10x 10x - 11x Marketability 4% - 7% 4% - 8% Renewable 88% - 119% 86% - 120% _________ (a) The valuation techniques, unobservable inputs and ranges are the same for the asset and liability positions. (b) The fair values do not include cash collateral posted on level three positions of $263 million and $76 million as of June 30, 2019 and December 31, 2018 , respectively. (c) Quoted forward natural gas rates are utilized to project the forward power curve for the delivery of energy at specified future dates. The natural gas curve is extrapolated beyond its observable period to the end of the contract’s delivery. The inputs listed above, which are as of the balance sheet date, would have a direct impact on the fair values of the above instruments if they were adjusted. The significant unobservable inputs used in the fair value measurement of Generation’s commodity derivatives are forward commodity prices and for options is price volatility. Increases (decreases) in the forward commodity price in isolation would result in significantly higher (lower) fair values for long positions (contracts that give Generation the obligation or option to purchase a commodity), with offsetting impacts to short positions (contracts that give Generation the obligation or right to sell a commodity). Increases (decreases) in volatility would increase (decrease) the value for the holder of the option (writer of the option). Generally, a change in the estimate of forward commodity prices is unrelated to a change in the estimate of volatility of prices. An increase to the reserves listed above would decrease the fair value of the positions. An increase to the heat rate or renewable factors would increase the fair value accordingly. Generally, interrelationships exist between market prices of natural gas and power. As such, an increase in natural gas pricing would potentially have a similar impact on forward power markets. |
Derivative Financial Instrument
Derivative Financial Instruments (All Registrants) | 6 Months Ended |
Jun. 30, 2019 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Instruments (All Registrants) | Derivative Financial Instruments (All Registrants) The Registrants use derivative instruments to manage commodity price risk, interest rate risk and foreign exchange risk related to ongoing business operations. Authoritative guidance requires that derivative instruments be recognized as either assets or liabilities at fair value, with changes in fair value of the derivative recognized in earnings immediately. Other accounting treatments are available through special election and designation, provided they meet specific, restrictive criteria both at the time of designation and on an ongoing basis. These alternative permissible accounting treatments include NPNS, cash flow hedges and fair value hedges. All derivative economic hedges related to commodities, referred to as economic hedges, are recorded at fair value through earnings at Generation and offset by a corresponding regulatory asset or liability at ComEd. For all NPNS derivative instruments, accounts receivable or accounts payable are recorded when derivative settles and revenue or expense is recognized in earnings as the underlying physical commodity is sold or consumed. Authoritative guidance about offsetting assets and liabilities requires the fair value of derivative instruments to be shown in the Combined Notes to Consolidated Financial Statements on a gross basis, even when the derivative instruments are subject to legally enforceable master netting agreements and qualify for net presentation in the Consolidated Balance Sheets. A master netting agreement is an agreement between two counterparties that may have derivative and non-derivative contracts with each other providing for the net settlement of all referencing contracts via one payment stream, which takes place as the contracts deliver, when collateral is requested or in the event of default. In the tables below that present fair value balances, Generation’s energy-related economic hedges and proprietary trading derivatives are shown gross. The impact of the netting of fair value balances with the same counterparty that are subject to legally enforceable master netting agreements, as well as netting of cash collateral, including margin on exchange positions, is aggregated in the collateral and netting columns. Generation’s and ComEd’s use of cash collateral is generally unrestricted unless Generation or ComEd are downgraded below investment grade. Cash collateral held by PECO, BGE, Pepco, DPL and ACE must be deposited in an unaffiliated major U.S. commercial bank or foreign bank with a U.S. branch office that meet certain qualifications. Commodity Price Risk (All Registrants) Each of the Registrants employ established policies and procedures to manage their risks associated with market fluctuations in commodity prices by entering into physical and financial derivative contracts, including swaps, futures, forwards, options and short-term and long-term commitments to purchase and sell energy and commodity products. The Registrants believe these instruments, which are either determined to be non-derivative or classified as economic hedges, mitigate exposure to fluctuations in commodity prices. Generation. To the extent the amount of energy Generation produces differs from the amount of energy it has contracted to sell, Exelon and Generation are exposed to market fluctuations in the prices of electricity, fossil fuels and other commodities. Within Exelon, Generation has the most exposure to commodity price risk. As such, Generation uses a variety of derivative and non-derivative instruments to manage the commodity price risk of its electric generation facilities, including power and gas sales, fuel and power purchases, natural gas transportation and pipeline capacity agreements and other energy-related products marketed and purchased. To manage these risks, Generation may enter into fixed-price derivative or non-derivative contracts to hedge the variability in future cash flows from expected sales of power and gas and purchases of power and fuel. The objectives for executing such hedges include fixing the price for a portion of anticipated future electricity sales at a level that provides an acceptable return. Generation is also exposed to differences between the locational settlement prices of certain economic hedges and the hedged generating units. This price difference is actively managed through other instruments which include derivative congestion products, whose changes in fair value are recognized in earnings each period, and auction revenue rights, which are accounted for on an accrual basis. Additionally, Generation is exposed to certain market risks through its proprietary trading activities. The proprietary trading activities are a complement to Generation’s energy marketing portfolio but represent a small portion of Generation’s overall energy marketing activities and are subject to limits established by Exelon’s RMC. Utility Registrants . The Utility Registrants procure electric and natural gas supply through a competitive procurement process approved by each of the respective state utility commissions. The Utility Registrants’ hedging programs are intended to reduce exposure to energy and natural gas price volatility and have no direct earnings impact as the costs are fully recovered from customers through regulatory-approved recovery mechanisms. The following table provides a summary of the Utility Registrants’ primary derivative hedging instruments, listed by commodity and accounting treatment. Registrant Commodity Accounting Treatment Hedging instrument ComEd Electricity NPNS Fixed price contracts based on all requirements in the IPA procurement plans. Electricity Changes in fair value of economic hedge recorded to an offsetting regulatory asset or liability (a) 20-year floating-to-fixed energy swap contracts beginning June 2012 based on the renewable energy resource procurement requirements in the Illinois Settlement Legislation of approximately 1.3 million MWhs per year. PECO (b) Gas NPNS Fixed price contracts to cover about 20% of planned natural gas purchases in support of projected firm sales. BGE Electricity NPNS Fixed price contracts for all SOS requirements through full requirements contracts. Gas NPNS Fixed price contracts for between 10-20% of forecasted system supply requirements for flowing (i.e., non-storage) gas for the November through March period. Pepco Electricity NPNS Fixed price contracts for all SOS requirements through full requirements contracts. DPL Electricity NPNS Fixed price contracts for all SOS requirements through full requirements contracts. Gas NPNS Fixed price contracts through full requirements contracts. Changes in fair value of economic hedge recorded to an offsetting regulatory asset or liability (c) Exchange traded future contracts for 50% of estimated monthly purchase requirements each month, including purchases for storage injections. ACE Electricity NPNS Fixed price contracts for all BGS requirements through full requirements contracts. __________ (a) See Note 4 - Regulatory Matters for additional information. (b) As part of its hedging program, PECO enters into electric supply procurement contracts that do not meet the definition of a derivative instrument. (c) The fair value of the DPL economic hedge is not material as of June 30, 2019 and December 31, 2018 and is not presented in the fair value tables below. The following table provides a summary of the derivative fair value balances recorded by Generation, ComEd and Exelon as of June 30, 2019 and December 31, 2018 : June 30, 2019 Exelon Generation ComEd Derivatives Total Economic Hedges Proprietary Trading Collateral (a)(b) Netting (a) Subtotal Economic Hedges Mark-to-market derivative assets (current assets) $ 526 $ 2,910 $ 122 $ 218 $ (2,724 ) $ 526 $ — Mark-to-market derivative assets (noncurrent assets) 532 1,618 61 122 (1,269 ) 532 — Total mark-to-market derivative assets 1,058 4,528 183 340 (3,993 ) 1,058 — Mark-to-market derivative liabilities (current liabilities) (157 ) (3,039 ) (78 ) 265 2,724 (128 ) (29 ) Mark-to-market derivative liabilities (noncurrent liabilities) (437 ) (1,576 ) (37 ) 151 1,269 (193 ) (244 ) Total mark-to-market derivative liabilities (594 ) (4,615 ) (115 ) 416 3,993 (321 ) (273 ) Total mark-to-market derivative net assets (liabilities) $ 464 $ (87 ) $ 68 $ 756 $ — $ 737 $ (273 ) December 31, 2018 Exelon Generation ComEd Description Total Economic Proprietary Collateral Netting (a) Subtotal Economic Mark-to-market derivative assets $ 801 $ 3,505 $ 105 $ 121 $ (2,930 ) $ 801 $ — Mark-to-market derivative assets 445 1,266 41 51 (913 ) 445 — Total mark-to-market derivative assets 1,246 4,771 146 172 (3,843 ) 1,246 — Mark-to-market derivative liabilities (473 ) (3,429 ) (74 ) 125 2,931 (447 ) (26 ) Mark-to-market derivative liabilities (474 ) (1,203 ) (20 ) 60 912 (251 ) (223 ) Total mark-to-market derivative liabilities (947 ) (4,632 ) (94 ) 185 3,843 (698 ) (249 ) Total mark-to-market derivative net assets (liabilities) $ 299 $ 139 $ 52 $ 357 $ — $ 548 $ (249 ) _________ (a) Exelon and Generation net all available amounts allowed under the derivative authoritative guidance in the balance sheet. These amounts include unrealized derivative transactions with the same counterparty under legally enforceable master netting agreements and cash collateral. In some cases Exelon and Generation may have other offsetting exposures, subject to a master netting or similar agreement, such as trade receivables and payables, transactions that do not qualify as derivatives, letters of credit and other forms of non-cash collateral. These amounts are immaterial and not reflected in the table above. (b) Of the collateral posted/(received), $358 million and $(94) million represents variation margin on the exchanges at June 30, 2019 and December 31, 2018 respectively. Economic Hedges (Commodity Price Risk) Generation. For the three and six months ended June 30, 2019 and 2018 , Exelon and Generation recognized the following net pre-tax commodity mark-to-market gains (losses) which are also located in the Net fair value changes related to derivatives line in the Consolidated Statements of Cash Flows. Three Months Ended Six Months Ended 2019 2018 2019 2018 Income Statement Location Gain (Loss) Gain (Loss) Operating revenues $ 40 $ (7 ) $ (10 ) $ (107 ) Purchased power and fuel (114 ) 96 (84 ) (70 ) Total Exelon and Generation $ (74 ) $ 89 $ (94 ) $ (177 ) In general, increases and decreases in forward market prices have a positive and negative impact, respectively, on Generation’s owned and contracted generation positions that have not been hedged. Generation hedges commodity price risk on a ratable basis over three-year periods. As of June 30, 2019 , the percentage of expected generation hedged for the Mid-Atlantic, Midwest, New York and ERCOT reportable segments is 92% - 95% , 70% - 73% and 40% - 43% for 2019 , 2020 and 2021 , respectively. Proprietary Trading (Commodity Price Risk) Generation also executes commodity derivatives for proprietary trading purposes. Proprietary trading includes all contracts executed with the intent of benefiting from shifts or changes in market prices as opposed to those executed with the intent of hedging or managing risk. Gains and losses associated with proprietary trading are reported as Operating revenues in Exelon’s and Generation’s Consolidated Statements of Operations and Comprehensive Income and are included in the Net fair value changes related to derivatives line in the Consolidated Statements of Cash Flows. For the three and six months ended June 30, 2019 and 2018 , net pre-tax commodity mark-to-market gains (losses) for Exelon and Generation were not material. The Utility Registrants do not execute derivatives for proprietary trading purposes. Interest Rate and Foreign Exchange Risk (Exelon and Generation) Exelon and Generation utilize interest rate swaps, which are treated as economic hedges, to manage their interest rate exposure. On July 1, 2018, Exelon de-designated its fair value hedges related to interest rate risk and Generation de-designated its cash flow hedges related to interest rate risk. The notional amounts were $1,373 million and $1,420 million at June 30, 2019 and December 31, 2018 , respectively, for Exelon and $573 million and $620 million at June 30, 2019 and December 31, 2018 , respectively, for Generation. Generation utilizes foreign currency derivatives to manage foreign exchange rate exposure associated with international commodity purchases in currencies other than U.S. dollars, which are treated as economic hedges. The notional amounts were $219 million and $268 million at June 30, 2019 and December 31, 2018 , respectively. The mark-to-market derivative assets and liabilities as of June 30, 2019 and December 31, 2018 and the mark-to-market gains and losses for the three and six months ended June 30, 2019 and 2018 were not material for Exelon and Generation. Credit Risk (All Registrants) The Registrants would be exposed to credit-related losses in the event of non-performance by counterparties on executed derivative instruments. The credit exposure of derivative contracts, before collateral, is represented by the fair value of contracts at the reporting date. Generation. For commodity derivatives, Generation enters into enabling agreements that allow for payment netting with its counterparties, which reduces Generation’s exposure to counterparty risk by providing for the offset of amounts payable to the counterparty against amounts receivable from the counterparty. Typically, each enabling agreement is for a specific commodity and so, with respect to each individual counterparty, netting is limited to transactions involving that specific commodity product, except where master netting agreements exist with a counterparty that allow for cross product netting. In addition to payment netting language in the enabling agreement, Generation’s credit department establishes credit limits, margining thresholds and collateral requirements for each counterparty, which are defined in the derivative contracts. Counterparty credit limits are based on an internal credit review process that considers a variety of factors, including the results of a scoring model, leverage, liquidity, profitability, credit ratings by credit rating agencies, and risk management capabilities. To the extent that a counterparty’s margining thresholds are exceeded, the counterparty is required to post collateral with Generation as specified in each enabling agreement. Generation’s credit department monitors current and forward credit exposure to counterparties and their affiliates, both on an individual and an aggregate basis. The following tables provide information on Generation’s credit exposure for all derivative instruments, NPNS and applicable payables and receivables, net of collateral and instruments that are subject to master netting agreements, as of June 30, 2019 . The tables further delineate that exposure by credit rating of the counterparties and provide guidance on the concentration of credit risk to individual counterparties. The figures in the tables below exclude credit risk exposure from individual retail counterparties, nuclear fuel procurement contracts and exposure through RTOs, ISOs, NYMEX, ICE, NASDAQ, NGX and Nodal commodity exchanges. Additionally, the figures in the tables below exclude exposures with affiliates, including net receivables with ComEd, PECO, BGE, Pepco, DPL and ACE of $70 million , $30 million , $32 million , $39 million , $15 million and $8 million as of June 30, 2019 , respectively. Rating as of June 30, 2019 Total Exposure Before Credit Collateral Credit Collateral (a) Net Exposure Number of Counterparties Greater than 10% of Net Exposure Net Exposure of Counterparties Greater than 10% of Net Exposure Investment grade $ 859 $ 12 $ 847 2 $ 249 Non-investment grade 30 11 19 No external ratings Internally rated — investment grade 204 1 203 Internally rated — non-investment grade 117 11 106 Total $ 1,210 $ 35 $ 1,175 2 $ 249 Net Credit Exposure by Type of Counterparty As of Financial institutions $ 3 Investor-owned utilities, marketers, power producers 810 Energy cooperatives and municipalities 302 Other 60 Total $ 1,175 _________ (a) As of June 30, 2019 , credit collateral held from counterparties where Generation had credit exposure included $25 million of cash and $9 million of letters of credit. The credit collateral does not include non-liquid collateral. Utility Registrants. The Utility Registrants have contracts to procure electric and natural gas supply that provide suppliers with a certain amount of unsecured credit. If the exposure on the supply contract exceeds the amount of unsecured credit, the suppliers may be required to post collateral. The net credit exposure is mitigated primarily by the ability to recover procurement costs through customer rates. As of June 30, 2019 , the Utility Registrants’ counterparty credit risk with suppliers was immaterial. Credit-Risk-Related Contingent Features (All Registrants) Generation. As part of the normal course of business, Generation routinely enters into physically or financially settled contracts for the purchase and sale of electric capacity, electricity, fuels, emissions allowances and other energy-related products. Certain of Generation’s derivative instruments contain provisions that require Generation to post collateral. Generation also enters into commodity transactions on exchanges where the exchanges act as the counterparty to each trade. Transactions on the exchanges must adhere to comprehensive collateral and margining requirements. This collateral may be posted in the form of cash or credit support with thresholds contingent upon Generation’s credit rating from each of the major credit rating agencies. The collateral and credit support requirements vary by contract and by counterparty. These credit-risk-related contingent features stipulate that if Generation were to be downgraded or lose its investment grade credit rating (based on its senior unsecured debt rating), it would be required to provide additional collateral. This incremental collateral requirement allows for the offsetting of derivative instruments that are assets with the same counterparty, where the contractual right of offset exists under applicable master netting agreements. In the absence of expressly agreed-to provisions that specify the collateral that must be provided, collateral requested will be a function of the facts and circumstances of the situation at the time of the demand. In this case, Generation believes an amount of several months of future payments (i.e., capacity payments) rather than a calculation of fair value is the best estimate for the contingent collateral obligation, which has been factored into the disclosure below. The aggregate fair value of all derivative instruments with credit-risk related contingent features in a liability position that are not fully collateralized (excluding transactions on the exchanges that are fully collateralized) is detailed in the table below: Credit-Risk Related Contingent Features June 30, 2019 December 31, 2018 Gross fair value of derivative contracts containing this feature (a) $ (1,119 ) $ (1,723 ) Offsetting fair value of in-the-money contracts under master netting arrangements (b) 824 1,105 Net fair value of derivative contracts containing this feature (c) $ (295 ) $ (618 ) _________ (a) Amount represents the gross fair value of out-of-the-money derivative contracts containing credit-risk related contingent features ignoring the effects of master netting agreements. (b) Amount represents the offsetting fair value of in-the-money derivative contracts under legally enforceable master netting agreements with the same counterparty, which reduces the amount of any liability for which a Registrant could potentially be required to post collateral. (c) Amount represents the net fair value of out-of-the-money derivative contracts containing credit-risk related contingent features after considering the mitigating effects of offsetting positions under master netting arrangements and reflects the actual net liability upon which any potential contingent collateral obligations would be based. As of June 30, 2019 and December 31, 2018 , Exelon and Generation posted or held the following amounts of cash collateral and letters of credit on derivative contracts with external counterparties, after giving consideration to offsetting derivative and non-derivative positions under master netting agreements. June 30, 2019 December 31, 2018 Cash collateral posted $ 781 $ 418 Letters of credit posted 228 367 Cash collateral held 64 47 Letters of credit held 21 44 Additional collateral required in the event of a credit downgrade below investment grade 1,513 2,104 Generation entered into supply forward contracts with certain utilities, including PECO and BGE, with one-sided collateral postings only from Generation. If market prices fall below the benchmark price levels in these contracts, the utilities are not required to post collateral. However, when market prices rise above the benchmark price levels, counterparty suppliers, including Generation, are required to post collateral once certain unsecured credit limits are exceeded. Utility Registrants The Utility Registrants’ electric supply procurement contracts do not contain provisions that would require them to post collateral. PECO’s, BGE’s, and DPL’s natural gas procurement contracts contain provisions that could require PECO, BGE, and DPL to post collateral in the form of cash or credit support, which vary by contract and counterparty, with thresholds contingent upon PECO’s, BGE, and DPL’s credit rating. As of June 30, 2019 , PECO, BGE, and DPL were not required to post collateral for any of these agreements. If PECO, BGE or DPL lost their investment grade credit ratings as of June 30, 2019 , they could have been required to post incremental collateral to its counterparties of $31 million , $31 million and $12 million |
Debt and Credit Agreements (All
Debt and Credit Agreements (All Registrants) | 6 Months Ended |
Jun. 30, 2019 | |
Debt Disclosure [Abstract] | |
Debt and Credit Agreements (All Registrants) | Debt and Credit Agreements (All Registrants) Short-Term Borrowings Exelon Corporate, ComEd, BGE, Pepco, DPL and ACE meet their short-term liquidity requirements primarily through the issuance of commercial paper. Generation and PECO meet their short-term liquidity requirements primarily through the issuance of commercial paper and borrowings from the Exelon intercompany money pool. PHI Corporate meets its short-term liquidity requirements primarily through the issuance of short-term notes and the Exelon intercompany money pool. The Registrants may use their respective credit facilities for general corporate purposes, including meeting short-term funding requirements and the issuance of letters of credit. Commercial Paper The following table reflects the Registrants' commercial paper programs as of June 30, 2019 and December 31, 2018 . Generation and PECO had no commercial paper borrowings as of both June 30, 2019 and December 31, 2018 . Outstanding Commercial Average Interest Rate on Commercial Paper Issuer June 30, 2019 December 31, 2018 June 30, 2019 December 31, 2018 Exelon $ 559 $ 89 2.60 % 2.15 % ComEd 303 — 2.59 % 2.14 % BGE 229 35 2.58 % 2.18 % PHI 27 54 2.61 % 2.15 % PEPCO — 40 2.62 % 2.24 % DPL — — 2.55 % 2.07 % ACE 27 14 2.61 % 2.21 % See Note 13 — Debt and Credit Agreements of the Exelon 2018 Form 10-K for additional information on the Registrants’ credit facilities. Short-Term Loan Agreements On March 23, 2017, Exelon Corporate entered into a term loan agreement for $500 million , which was renewed on March 22, 2018 with an expiration of March 21, 2019. The loan agreement was renewed on March 20, 2019 and will expire on March 19, 2020. Pursuant to the loan agreement, loans made thereunder bear interest at a variable rate equal to LIBOR plus 0.95% and all indebtedness thereunder is unsecured. The loan agreement is reflected in Exelon's Consolidated Balance Sheet within Short-Term borrowings. Credit Agreements On February 21, 2019, Generation entered into a credit agreement establishing a $100 million bilateral credit facility. The facility will mature in March 2021. This facility will solely be used by Generation to issue letters of credit. Long-Term Debt Issuance of Long-Term Debt During the six months ended June 30, 2019 , the following long-term debt was issued: Company Type Interest Rate Maturity Amount Use of Proceeds Generation Energy Efficiency Project Financing 3.95 % August 31, 2020 $ 2 Funding to install energy conservation measures for the Fort Meade project. Generation Energy Efficiency Project Financing 3.46 % May 1, 2020 $ 39 Funding to install energy conservation measures for the Marine Corps. Logistics Project. ComEd First Mortgage Bonds, Series 126 4.00 % March 1, 2049 $ 400 Repay a portion of ComEd’s outstanding commercial paper obligations and fund other general corporate purposes. Pepco First Mortgage Bonds 3.45 % June 13, 2029 $ 150 Repay existing indebtedness and for general corporate purposes Pepco Unsecured Tax-Exempt Bonds 1.70 % September 1, 2022 $ 110 Repay existing indebtedness and for general corporate purposes ACE First Mortgage Bonds 3.50 % May 21, 2029 $ 100 Repay existing indebtedness and for general corporate purposes ACE First Mortgage Bonds 4.14 % May 21, 2049 $ 50 Repay existing indebtedness and for general corporate purposes Debt Covenants As of June 30, 2019 , the Registrants are in compliance with debt covenants, except for Antelope Valley's nonrecourse debt event of default as discussed below. Nonrecourse Debt Exelon and Generation have issued nonrecourse debt financing. Borrowings under these agreements are secured by the assets and equity of each respective project. The lenders do not have recourse against Exelon or Generation in the event of a default. Antelope Valley Solar Ranch One. In December 2011, the DOE Loan Programs Office issued a guarantee for up to $ 646 million for a nonrecourse loan from the Federal Financing Bank to support the financing of the construction of the Antelope Valley facility. The project became fully operational in 2014. The loan will mature on January 5, 2037. As of June 30, 2019 , approximately $ 500 million was outstanding. In 2017, Generation’s interests in Antelope Valley were also contributed to and are pledged as collateral for the EGR IV financing structure referenced below. Antelope Valley sells all of its output to PG&E through a PPA. On January 29, 2019, PG&E filed for protection under Chapter 11 of the U.S. Bankruptcy Code, which created an event of default for Antelope Valley’s nonrecourse debt that provides the lender with a right to accelerate amounts outstanding under the loan such that they would become immediately due and payable. As a result of the ongoing event of default and the absence of a waiver from the lender foregoing their acceleration rights, the debt was reclassified as current in Exelon’s and Generation’s Consolidated Balance Sheets in the first quarter of 2019 and continues to be classified as current as of June 30, 2019 . Further, distributions from Antelope Valley to EGR IV are currently suspended. ExGen Renewables IV. In November 2017, EGR IV, an indirect subsidiary of Exelon and Generation, entered into an $ 850 million nonrecourse senior secured term loan credit facility agreement. Generation’s interests in EGRP, Antelope Valley, SolGen, and Albany Green Energy were all contributed to and are pledged as collateral for this financing. The loan is scheduled to mature on November 28, 2024. As of June 30, 2019 , $ 796 million was outstanding. Although Antelope Valley’s debt is in default, it is nonrecourse to EGR IV. However, if in the future Antelope Valley were to file for bankruptcy protection as a result of events culminating from PG&E’s bankruptcy proceedings this would represent an event of default for EGR IV’s debt that would provide the lender with an opportunity to accelerate EGR IV’s debt. See Note 13 — Debt and Credit Agreements of the Exelon 2018 Form 10-K for additional information on nonrecourse debt. |
Income Taxes (All Registrants)
Income Taxes (All Registrants) | 6 Months Ended |
Jun. 30, 2019 | |
Income Tax Disclosure [Abstract] | |
Income Taxes (All Registrants) | Income Taxes (All Registrants) Rate Reconciliation The effective income tax rate from continuing operations varies from the U.S. Federal statutory rate principally due to the following: Three Months Ended June 30, 2019 Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE U.S. Federal statutory rate 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% Increase (decrease) due to: State income taxes, net of Federal income tax benefit 5.4 5.5 8.2 (1.2) 6.5 4.8 2.0 7.0 7.0 Qualified NDT fund income 5.1 16.2 — — — — — — — Amortization of investment tax credit, including deferred taxes on basis difference (0.7) (1.9) (0.2) — (0.1) (0.2) (0.1) (0.2) (0.3) Plant basis differences (1.7) — (0.6) (5.9) (1.5) (1.7) (2.1) (0.3) (2.2) Production tax credits and other credits (0.9) (2.8) — — (0.1) — — — — Noncontrolling interests 0.1 0.4 — — — — — — — Excess deferred tax amortization (7.8) — (9.0) (2.7) (7.9) (19.4) (18.3) (15.7) (23.1) Other 1.9 0.2 0.4 0.1 1.7 0.9 0.5 — (2.4) Effective income tax rate 22.4% 38.6% 19.8% 11.3% 19.6% 5.4% 3.0% 11.8% —% Three Months Ended June 30, 2018 Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE U.S. Federal statutory rate 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% Increase (decrease) due to: State income taxes, net of Federal income tax benefit 3.4 4.3 8.1 (3.4) 6.5 6.2 4.7 6.5 7.6 Qualified NDT fund income 0.2 0.5 — — — — — — — Amortization of investment tax credit, including deferred taxes on basis difference (0.9) (2.4) (0.2) (0.1) (0.2) (0.2) (0.1) (0.3) (0.3) Plant basis differences (3.0) — (0.1) (17.2) (0.7) (1.2) (2.0) — (0.2) Production tax credits and other credits (1.7) (4.9) (0.1) — — — — — — Noncontrolling interests (1.5) (4.5) — — — — — — — Excess deferred tax amortization (5.2) — (7.6) (0.3) (7.2) (11.3) (11.7) (11.2) (8.8) Tax Cuts and Jobs Act of 2017 (1.3) (1.7) (0.7) — 0.1 0.8 — — — Other (0.2) (1.3) 0.4 (1.1) 0.8 (0.1) (0.4) 0.1 0.7 Effective income tax rate 10.8% 11.0% 20.8% (1.1)% 20.3% 15.2% 11.5% 16.1% 20.0% Six Months Ended June 30, 2019 Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE U.S. Federal statutory rate 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% Increase (decrease) due to: State income taxes, net of Federal income tax benefit 4.4 3.6 8.2 0.2 6.4 4.7 2.0 6.7 6.9 Qualified NDT fund income 6.5 14.7 — — — — — — — Amortization of investment tax credit, including deferred taxes on basis difference (0.6) (1.1) (0.2) — (0.1) (0.2) (0.1) (0.2) (0.3) Plant basis differences (1.5) — (0.6) (6.4) (1.0) (1.7) (2.0) (0.6) (2.2) Production tax credits and other credits (0.8) (1.8) — — — — — — — Noncontrolling interests (0.3) (0.8) — — — — — — — Excess deferred tax amortization (5.8) — (8.8) (2.6) (7.9) (19.4) (18.1) (15.6) (23.4) Other 0.7 (0.4) 0.2 (0.1) 0.2 0.3 0.5 0.4 2.0 Effective income tax rate 23.6% 35.2% 19.8% 12.1% 18.6% 4.7% 3.3% 11.7% 4.0% Six Months Ended June 30, 2018 Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE U.S. Federal statutory rate 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% Increase (decrease) due to: State income taxes, net of Federal income tax benefit 3.8 3.4 8.1 (3.6) 6.4 5.5 3.7 6.4 7.2 Qualified NDT fund income (0.1) (0.4) — — — — — — — Amortization of investment tax credit, including deferred taxes on basis difference (1.1) (3.3) (0.2) (0.1) (0.1) (0.2) (0.1) (0.3) (0.3) Plant basis differences (2.8) — — (15.6) (0.7) (1.8) (2.5) (0.7) (1.3) Production tax credits and other credits (2.3) (7.2) (0.1) — — — — — — Noncontrolling interests (1.1) (3.5) — — — — — — — Excess deferred tax amortization (5.6) — (7.5) (2.7) (8.2) (11.0) (12.1) (9.4) (8.8) Tax Cuts and Jobs Act of 2017 (0.6) (0.9) (0.3) — — 0.5 — — — Other (1.7) (1.3) 0.1 (0.4) 0.2 (0.1) (0.4) 0.4 (1.1) Effective income tax rate 9.5% 7.8% 21.1% (1.4)% 18.6% 13.9% 9.6% 17.4% 16.7% Accounting for Uncertainty in Income Taxes The Registrants have the following unrecognized tax benefits as of June 30, 2019 and December 31, 2018 : Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE June 30, 2019 $ 448 $ 411 $ — $ — $ — $ 45 $ — $ — $ 14 December 31, 2018 $ 477 $ 408 $ 2 $ — $ — $ 45 $ — $ — $ 14 In 2016, the Tax Court held that Exelon was not entitled to defer a gain on its 1999 like-kind exchange transaction. In addition to the tax and interest related to the gain deferral, the Tax Court also ruled that Exelon was liable for penalties and interest on the penalties. Exelon had fully paid the amounts assessed resulting from the Tax Court decision in 2017. In September 2017, Exelon appealed the Tax Court decision to the U.S. Court of Appeals for the Seventh Circuit. In October 2018, the U.S. Court of Appeals for the Seventh Circuit affirmed the Tax Court’s decision. Exelon filed a petition seeking rehearing of the Seventh Circuit’s decision, but the Seventh Circuit denied that petition in December 2018. In the first quarter of 2019, Exelon elected not to seek a further review by the U.S. Supreme Court. As a result, Exelon's and ComEd's unrecognized tax benefits decreased by approximately $33 million and $2 million , respectively, in the first quarter of 2019. Reasonably possible the total amount of unrecognized tax benefits could significantly increase or decrease within 12 months after the reporting date Settlement of Income Tax Audits, Refund Claims, and Litigation As of June 30, 2019 , Exelon, Generation, PHI and ACE have approximately $425 million , $411 million , $14 million and $14 million , respectively, of unrecognized federal and state tax benefits that could significantly decrease within the 12 months after the reporting date as a result of completing audits, potential settlements, and the outcomes of pending court cases. Of the above unrecognized tax benefits, Exelon and Generation have $411 million that, if recognized, would decrease the effective tax rate. The unrecognized tax benefits related to PHI and ACE, if recognized, may be included in future regulated base rates and that portion would have no impact to the effective tax rate. State Income Tax Law Changes On June 5, 2019, the Governor of Illinois signed a tax bill which would increase the Illinois corporate income tax rate from 9.50% to 10.49% effective for tax years beginning on or after January 1, 2021. The tax rate is contingent upon ratification of state constitutional amendments in November 2020. The effect of the rate change will be recognized in the period in which the new legislation is enacted. Exelon, Generation and ComEd do not expect a material impact to their financial statements as a result of the rate change. |
Nuclear Decommissioning (Exelon
Nuclear Decommissioning (Exelon and Generation) | 6 Months Ended |
Jun. 30, 2019 | |
Environmental Remediation Obligations [Abstract] | |
Nuclear Decommissioning (Exelon and Generation) | Nuclear Decommissioning (Exelon and Generation) Nuclear Decommissioning Asset Retirement Obligations (Exelon and Generation) Generation has a legal obligation to decommission its nuclear power plants following the expiration of their operating licenses. To estimate its decommissioning obligation related to its nuclear generating stations for financial accounting and reporting purposes, Generation uses a probability-weighted, discounted cash flow model which, on a unit-by-unit basis, considers multiple outcome scenarios that include significant estimates and assumptions, and are based on decommissioning cost studies, cost escalation rates, probabilistic cash flow models and discount rates. Generation updates its ARO annually, unless circumstances warrant more frequent updates, based on its review of updated cost studies and its annual evaluation of cost escalation factors and probabilities assigned to various scenarios. The following table provides a rollforward of the nuclear decommissioning ARO reflected in Exelon’s and Generation’s Consolidated Balance Sheets from December 31, 2018 to June 30, 2019 : Nuclear decommissioning ARO at December 31, 2018 (a)(b) $ 10,005 Accretion expense 243 Net increase due to changes in, and timing of, estimated future cash flows 232 Costs incurred related to decommissioning plants (43 ) Nuclear decommissioning ARO at June 30, 2019 (a)(b) $ 10,437 _________ (a) Includes $99 million and $22 million as the current portion of the ARO at June 30, 2019 and December 31, 2018 , respectively, which is included in Other current liabilities in Exelon’s and Generation’s Consolidated Balance Sheets. (b) Includes $755 million and $772 million of ARO related to Oyster Creek which is classified as Liabilities held for sale in Exelon's and Generation's Consolidated Balance Sheets at June 30, 2019 and December 31, 2018 , respectively. See Note 3 — Mergers, Acquisitions and Dispositions for additional information. During the six months ended June 30, 2019 , Exelon's and Generation’s total nuclear ARO increased by approximately $432 million , primarily reflecting the accretion of the ARO liability due to the passage of time and the impacts of ARO updates completed during first quarter 2019. The first quarter 2019 ARO update includes an increase of approximately $330 million for a change in the assumed retirement timing probabilities for certain economically challenged nuclear plants and a $110 million decrease for the impacts of revised decommissioning cost estimates for TMI which incorporate site specific decommissioning planning activities in anticipation of its September 2019 shutdown date. Approximately $85 million of the TMI ARO adjustment resulted in a decrease in Operating and maintenance expense within Exelon’s and Generation’s Consolidated Statements of Operations and Comprehensive Income. See Note 8 — Early Plant Retirements for additional information. NDT Funds (Exelon and Generation) Exelon and Generation had NDT funds totaling $13,498 million and $12,695 million at June 30, 2019 and December 31, 2018 , respectively. The NDT funds include $857 million and $890 million at June 30, 2019 and December 31, 2018 , respectively, related to Oyster Creek NDT funds which are classified as Assets held for sale in Exelon's and Generation's Consolidated Balance Sheets. See Note 3 — Mergers, Acquisitions and Dispositions for additional information regarding the sale of Oyster Creek. The NDT funds also include $127 million and $144 million for the current portion of the NDT funds at June 30, 2019 and December 31, 2018 , respectively, which are included in Other current assets in Exelon's and Generation's Consolidated Balance Sheets. See Note 17 — Supplemental Financial Information for additional information on activities of the NDT funds. NRC Minimum Funding Requirements (Exelon and Generation) NRC regulations require that licensees of nuclear generating facilities demonstrate reasonable assurance that funds will be available in specified minimum amounts to decommission the facility at the end of its life. Generation filed its biennial decommissioning funding status report with the NRC on April 1, 2019 for all units except for Zion Station which is included in a separate report to the NRC submitted by ZionSolutions, LLC. The status report demonstrated adequate decommissioning funding assurance as of December 31, 2018 for all units except for Clinton and Peach Bottom Unit 1. As of February 28, 2019, Clinton demonstrated adequate minimum funding assurance due to market recovery and no further action is required. This demonstration was also included in the April 1, 2019 submittal. As a former PECO plant, financial assurance for decommissioning Peach Bottom Unit 1 is provided by the NDT fund, collections from PECO ratepayers, and the ability to adjust those collections in accordance with the approved PAPUC tariff. No additional actions are required aside from the PAPUC filing in accordance with the tariff. See Note 15 — Asset Retirement Obligations of the Exelon 2018 Form 10-K for information regarding the amount collected from PECO ratepayers for decommissioning cost. |
Retirement Benefits (All Regist
Retirement Benefits (All Registrants) | 6 Months Ended |
Jun. 30, 2019 | |
Retirement Benefits [Abstract] | |
Retirement Benefits (All Registrants) | Retirement Benefits (All Registrants) Exelon sponsors defined benefit pension plans and other postretirement benefit plans for essentially all current employees. Substantially all non-union employees and electing union employees hired on or after January 1, 2001 participate in cash balance pension plans. Effective January 1, 2009, substantially all newly-hired union-represented employees participate in cash balance pension plans. Effective February 1, 2018, most newly-hired Generation and BSC non-represented employees are not eligible for pension benefits and will instead be eligible to receive an enhanced non-discretionary employer contribution in an Exelon defined contribution savings plan. Effective January 1, 2018, most newly-hired non-represented employees are not eligible for OPEB benefits and employees represented by Local 614 are not eligible for retiree health care benefits. Effective January 1, 2019, Exelon merged the Exelon Corporation Cash Balance Pension Plan (CBPP) into the Exelon Corporation Retirement Program (ECRP). The merging of the plans is not changing the benefits offered to the plan participants and, thus, has no impact on Exelon's pension obligation. However, beginning in 2019, actuarial losses and gains related to the CBPP and ECRP are being amortized over participants’ average remaining service period of the merged ECRP rather than each individual plan. Defined Benefit Pension and Other Postretirement Benefits During the first quarter of 2019, Exelon received an updated valuation of its pension and OPEB to reflect actual census data as of January 1, 2019. This valuation resulted in an increase to the pension and OPEB obligations of $75 million and $36 million , respectively. Additionally, accumulated other comprehensive loss increased by $39 million (after-tax) and regulatory assets and liabilities increased by $53 million and decreased by $5 million , respectively. The majority of the 2019 pension benefit cost for Exelon-sponsored plans is calculated using an expected long-term rate of return on plan assets of 7.00% and a discount rate of 4.31% . The majority of the 2019 other postretirement benefit cost is calculated using an expected long-term rate of return on plan assets of 6.67% for funded plans and a discount rate of 4.30% . A portion of the net periodic benefit cost for all plans is capitalized within the Consolidated Balance Sheets. The following table presents the components of Exelon's net periodic benefit costs, prior to capitalization, for the three and six months ended June 30, 2019 and 2018 . Pension Benefits Other Postretirement Benefits 2019 2018 2019 2018 Components of net periodic benefit cost: Service cost $ 89 $ 102 $ 24 $ 28 Interest cost 221 200 47 44 Expected return on assets (306 ) (313 ) (38 ) (43 ) Amortization of: Prior service benefit — — (44 ) (47 ) Actuarial loss 103 157 10 16 Settlement charges — 1 — — Net periodic benefit cost $ 107 $ 147 $ (1 ) $ (2 ) Pension Benefits Other Postretirement Benefits 2019 2018 2019 2018 Components of net periodic benefit cost: Service cost $ 178 $ 202 $ 47 $ 56 Interest cost 442 401 94 88 Expected return on assets (612 ) (626 ) (77 ) (87 ) Amortization of: Prior service cost (benefit) — 1 (89 ) (93 ) Actuarial loss 206 314 23 33 Settlement charges — 1 — — Net periodic benefit cost $ 214 $ 293 $ (2 ) $ (3 ) The amounts below represent Exelon's, Generation's, ComEd's, PECO's, BGE's, PHI's, Pepco's, DPL's, and ACE's pension and postretirement benefit plan costs. For Exelon, the service cost component is included in Operating and maintenance expense and Property, plant and equipment, net, for the three and six months ended June 30, 2019 and 2018 , while the non-service cost components are included in Other, net and Regulatory assets for the three and six months ended June 30, 2019 and 2018 . For the Registrants other than Exelon, the service cost and non-service cost components are included in Operating and maintenance expense and Property, plant and equipment, net in their consolidated financial statements for the three and six months ended June 30, 2019 and 2018 . Three Months Ended June 30, Six Months Ended June 30, Pension and Other Postretirement Benefit Costs 2019 2018 2019 2018 Exelon $ 106 $ 145 $ 212 $ 290 Generation 31 51 62 100 ComEd 23 44 47 88 PECO 3 5 5 10 BGE 16 15 30 30 PHI 24 17 48 34 Pepco 6 3 12 8 DPL 4 2 8 3 ACE 4 3 8 6 Defined Contribution Savings Plans The Registrants participate in various 401(k) defined contribution savings plans that are sponsored by Exelon. The plans are qualified under applicable sections of the IRC and allow employees to contribute a portion of their pre-tax and/or after-tax income in accordance with specified guidelines. All Registrants match a percentage of the employee contributions up to certain limits. The following table presents the matching contributions to the savings plans during the three and six months ended June 30, 2019 and 2018 , respectively. Three Months Ended June 30, Six Months Ended June 30, Savings Plan Matching Contributions 2019 2018 2019 2018 Exelon $ 33 $ 50 $ 64 $ 82 Generation 14 28 28 43 ComEd 9 8 16 15 PECO 2 2 5 4 BGE 2 2 4 4 PHI 3 3 6 6 Pepco 1 1 2 2 DPL 1 1 1 1 ACE — — 1 1 |
Changes in Accumulated Other Co
Changes in Accumulated Other Comprehensive Income (Exelon and Generation) | 6 Months Ended |
Jun. 30, 2019 | |
Changes in Accumulated Other Comprehensive Income [Abstract] | |
Changes in Accumulated Other Comprehensive Income Note [Text Block] | Changes in Accumulated Other Comprehensive Income (Exelon and Generation) The following tables present changes in accumulated other comprehensive income (loss) (AOCI) by component for the six months ended June 30, 2019 and 2018 : Six Months Ended June 30, 2019 Losses on Cash Flow Hedges Pension and Non-Pension Postretirement Benefit Plan Items Foreign Currency Items AOCI of Investments in Unconsolidated Affiliates Total Exelon (a) Beginning balance $ (2 ) $ (2,960 ) $ (33 ) $ — $ (2,995 ) OCI before reclassifications — (39 ) 4 (2 ) (37 ) Amounts reclassified from AOCI (b) — 42 — — 42 Net current-period OCI — 3 4 (2 ) 5 Ending balance $ (2 ) $ (2,957 ) $ (29 ) $ (2 ) $ (2,990 ) Generation (a) Beginning balance $ (4 ) $ — $ (33 ) $ (1 ) $ (38 ) OCI before reclassifications — — 4 (2 ) 2 Amounts reclassified from AOCI — — — — — Net current-period OCI — — 4 (2 ) 2 Ending balance $ (4 ) $ — $ (29 ) $ (3 ) $ (36 ) Six Months Ended June 30, 2018 Gains (Losses) on Cash Flow Hedges Unrealized gains (losses) on Marketable Securities Pension and Non-Pension Postretirement Benefit Plan Items Foreign Currency Items AOCI of Investments in Unconsolidated Affiliates Total Exelon (a) Beginning balance $ (14 ) $ 10 $ (2,998 ) (d) $ (23 ) $ (1 ) $ (3,026 ) OCI before reclassifications 13 — 20 (6 ) 1 28 Amounts reclassified from AOCI (b) (1 ) — 88 — — 87 Net current-period OCI 12 — 108 (6 ) 1 115 Impact of adoption of Recognition and Measurement of Financial Assets and Liabilities standard (c) — (10 ) — — — (10 ) Ending balance $ (2 ) $ — $ (2,890 ) $ (29 ) $ — $ (2,921 ) Generation (a) Beginning balance $ (16 ) $ 3 $ — $ (23 ) $ (1 ) $ (37 ) OCI before reclassifications 13 — — (6 ) 1 8 Amounts reclassified from AOCI (1 ) — — — — (1 ) Net current-period OCI 12 — — (6 ) 1 7 Impact of adoption of Recognition and Measurement of Financial Assets and Liabilities standard (c) — (3 ) — — — (3 ) Ending balance $ (4 ) $ — $ — $ (29 ) $ — $ (33 ) _________ (a) All amounts are net of tax and noncontrolling interests. Amounts in parenthesis represent a decrease in AOCI. (b) See next tables for details about these reclassifications. (c) Exelon prospectively adopted the new standard Recognition and Measurement of Financial Assets and Liabilities. The standard was adopted as of January 1, 2018, which resulted in an increase to Retained earnings and Accumulated other comprehensive loss of $10 million and $3 million for Exelon and Generation, respectively. The amounts reclassified related to Rabbi Trusts. See Note 1 — Significant Accounting Policies of the Exelon 2018 Form 10-K for additional information. (d) Exelon early adopted the new standard Reclassification of Certain Tax Effects from AOCI. The standard was adopted retrospectively as of December 31, 2017, which resulted in an increase to Exelon’s Retained earnings and Accumulated other comprehensive loss of $539 million , primarily related to deferred income taxes associated with Exelon’s pension and OPEB obligations. See Note 1 — Significant Accounting Policies of the Exelon 2018 Form 10-K for additional information. ComEd, PECO, BGE, PHI, Pepco, DPL and ACE did not have any reclassifications out of AOCI to Net income during the three and six months ended June 30, 2019 and 2018 . The following tables present amounts reclassified out of AOCI to Net income for Exelon during the three and six months ended June 30, 2019 and 2018 . Three Months Ended June 30, 2019 Details about AOCI components Items reclassified out of AOCI (a) Affected line item in the Statement of Operations and Comprehensive Income Exelon Amortization of pension and other postretirement benefit plan items Prior service costs (b) $ 22 Actuarial losses (b) (49 ) (27 ) Total before tax 7 Tax benefit $ (20 ) Net of tax Six Months Ended June 30, 2019 Details about AOCI components Items reclassified out of AOCI (a) Affected line item in the Statement of Operations and Comprehensive Income Exelon Amortization of pension and other postretirement benefit plan items Prior service costs (b) $ 44 Actuarial losses (b) (100 ) (56 ) Total before tax 14 Tax benefit $ (42 ) Net of tax Three Months Ended June 30, 2018 Details about AOCI components Items reclassified out of AOCI (a) Affected line item in the Statement of Operations and Comprehensive Income Exelon Amortization of pension and other postretirement benefit plan items Prior service costs (b) $ 23 Actuarial losses (b) (83 ) (60 ) Total before tax 16 Tax benefit $ (44 ) Net of tax Six Months Ended June 30, 2018 Details about AOCI components Items reclassified out of AOCI (a) Affected line item in the Statement of Operations and Comprehensive Income Exelon Amortization of pension and other postretirement benefit plan items Prior service costs (b) $ 46 Actuarial losses (b) (166 ) (120 ) Total before tax 32 Tax benefit $ (88 ) Net of tax _________ (a) Amounts in parenthesis represent a decrease in net income. (b) This AOCI component is included in the computation of net periodic pension and OPEB cost. See Note 14 — Retirement Benefits for additional information. The following table presents income tax benefit (expense) allocated to each component of other comprehensive income (loss) during the three and six months ended June 30, 2019 and 2018 : Three Months Ended June 30, Six Months Ended 2019 2018 2019 2018 Exelon Pension and non-pension postretirement benefit plans: Prior service benefit reclassified to periodic benefit cost $ 6 $ 6 $ 12 $ 12 Actuarial loss reclassified to periodic benefit cost (13 ) (22 ) (26 ) (44 ) Pension and non-pension postretirement benefit plans valuation adjustment — 1 14 (6 ) Change in unrealized loss on cash flow hedges — (1 ) — (4 ) Change in unrealized gain (loss) on investments in unconsolidated affiliates 1 — 1 (1 ) Total $ (6 ) $ (16 ) $ 1 $ (43 ) Generation Change in unrealized gain (loss) on cash flow hedges $ — $ (1 ) $ — $ (4 ) Change in unrealized gain (loss) on investments in unconsolidated affiliates 1 — 1 (1 ) Total $ 1 $ (1 ) $ 1 $ (5 ) |
Commitments and Contingencies (
Commitments and Contingencies (All Registrants) | 6 Months Ended |
Jun. 30, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies (All Registrants) | Commitments and Contingencies (All Registrants) The following is an update to the current status of commitments and contingencies set forth in Note 22 of the Exelon 2018 Form 10-K. See Note 5 — Mergers, Acquisitions and Dispositions of the Exelon 2018 Form 10-K for additional information on the PHI Merger commitments. Commitments PHI Merger Commitments (Exelon, PHI, Pepco, DPL and ACE). The merger of Exelon and PHI was approved in Delaware, New Jersey, Maryland and the District of Columbia. Exelon and PHI agreed to certain commitments including where applicable: customer rate credits, funding for energy efficiency and delivery system modernization programs, a green sustainability fund, workforce development initiatives, charitable contributions, renewable generation and other required commitments. In addition, the orders approving the merger in Delaware, New Jersey, and Maryland include a “most favored nation” provision which, generally, requires allocation of merger benefits proportionally across all the jurisdictions. The following amounts represent total commitment costs for Exelon, PHI, Pepco, DPL and ACE that have been recorded since the acquisition date and the remaining obligations as of June 30, 2019 : Description Expected Payment Period Exelon PHI Pepco DPL ACE Rate credits 2016 - 2021 $ 264 $ 264 $ 91 $ 72 $ 101 Energy efficiency 2016 - 2021 117 — — — — Charitable contributions 2016 - 2026 50 50 28 12 10 Delivery system modernization Q2 2017 22 — — — — Green sustainability fund Q2 2017 14 — — — — Workforce development 2016 - 2020 17 — — — — Other 29 6 1 5 — Total commitments $ 513 $ 320 $ 120 $ 89 $ 111 Remaining commitments $ 116 $ 86 $ 69 $ 11 $ 6 In addition, Exelon is committed to develop or to assist in the commercial development of approximately 37 MWs of new solar generation in Maryland, District of Columbia, and Delaware at an estimated cost of approximately $127 million , which will generate future earnings at Exelon and Generation. Investment costs, which are expected to be primarily capital in nature, are recognized as incurred and recorded in Exelon's and Generation's financial statements. As of June 30, 2019 , 27 MWs of new generation were developed and Exelon and Generation have incurred costs of $102 million . Exelon has also committed to purchase 100 MWs of wind energy in PJM. DPL has committed to conducting three RFPs to procure up to a total of 120 MWs of wind RECs for the purpose of meeting Delaware's renewable portfolio standards. DPL has conducted two of the three wind REC RFPs. The first 40 MW wind REC tranche was conducted in 2017 and did not result in a purchase agreement. The second 40 MW wind REC tranche was conducted in 2018 and resulted in a proposed REC purchase agreement that was approved by the DPSC in March 2019. The third and final 40 MW wind REC tranche will be conducted in 2022. Pursuant to the various jurisdictions' merger approval conditions, over specified periods Pepco, DPL and ACE are not permitted to reduce employment levels due to involuntary attrition associated with the merger integration process and have made other commitments regarding hiring and relocation of positions. Commercial Commitments (All Registrants). The Registrants’ commercial commitments as of June 30, 2019 , representing commitments potentially triggered by future events were as follows: Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE Letters of credit $ 1,315 $ 1,283 $ 7 $ — $ 9 $ 10 $ 10 $ — $ — Surety bonds (a) 1,492 1,271 52 9 17 39 31 4 3 Financing trust guarantees 378 — 200 178 — — — — — Guaranteed lease residual values (b) 26 — — — — 26 9 11 7 Total commercial commitments $ 3,211 $ 2,554 $ 259 $ 187 $ 26 $ 75 $ 50 $ 15 $ 10 _________ (a) Surety bonds—Guarantees issued related to contract and commercial agreements, excluding bid bonds. (b) Represents the maximum potential obligation in the event that the fair value of certain leased equipment and fleet vehicles is zero at the end of the maximum lease term. The lease term associated with these assets ranges from 1 to 8 years . The maximum potential obligation at the end of the minimum lease term would be $68 million , $23 million of which is a guarantee by Pepco, $28 million by DPL and $17 million by ACE. Historically, payments under the guarantees have not been made and PHI believes the likelihood of payments being required under the guarantees is remote. Nuclear Insurance (Exelon and Generation). Generation is subject to liability, property damage and other risks associated with major incidents at any of its nuclear stations. Generation has mitigated its financial exposure to these risks through insurance and other industry risk-sharing provisions. The Price-Anderson Act was enacted to ensure the availability of funds for public liability claims arising from an incident at any of the U.S. licensed nuclear facilities and also to limit the liability of nuclear reactor owners for such claims from any single incident. As of June 30, 2019 , the current liability limit per incident is $13.9 billion and is subject to change to account for the effects of inflation and changes in the number of licensed reactors. Changes to account for the effects of inflation occur at least once every five years with the last adjustment effective November 1, 2018. In accordance with the Price-Anderson Act, Generation maintains financial protection at levels equal to the amount of liability insurance available from private sources through the purchase of private nuclear energy liability insurance for public liability claims that could arise in the event of an incident. Effective January 1, 2017, the required amount of nuclear energy liability insurance purchased is $450 million for each operating site. Claims exceeding that amount are covered through mandatory participation in a financial protection pool, as required by the Price Anderson-Act, which provides the additional $13.5 billion per incident in funds available for public liability claims. Participation in this secondary financial protection pool requires the operator of each reactor to fund its proportionate share of costs for any single incident that exceeds the primary layer of financial protection. Exelon’s share of this secondary layer would be approximately $2.9 billion , however any amounts payable under this secondary layer would be capped at $434 million per year. In addition, the U.S. Congress could impose revenue-raising measures on the nuclear industry to pay public liability claims exceeding the $13.9 billion limit for a single incident. As part of the execution of the NOSA on April 1, 2014, Generation executed an Indemnity Agreement pursuant to which Generation agreed to indemnify EDF and its affiliates against third-party claims that may arise from any future nuclear incident (as defined in the Price-Anderson Act) in connection with the CENG nuclear plants or their operations. Exelon guarantees Generation’s obligations under this indemnity. See Note 2 — Variable Interest Entities of the Exelon 2018 Form 10-K for additional information on Generation’s operations relating to CENG. Generation is required each year to report to the NRC the current levels and sources of property insurance that demonstrates Generation possesses sufficient financial resources to stabilize and decontaminate a reactor and reactor station site in the event of an accident. The property insurance maintained for each facility is currently provided through insurance policies purchased from NEIL, an industry mutual insurance company of which Generation is a member. NEIL may declare distributions to its members as a result of favorable operating experience. In recent years NEIL has made distributions to its members, but Generation cannot predict the level of future distributions or if they will continue at all. Premiums paid to NEIL by its members are also subject to a potential assessment for adverse loss experience in the form of a retrospective premium obligation. NEIL has never assessed this retrospective premium since its formation in 1973, and Generation cannot predict the level of future assessments if any. The current maximum aggregate annual retrospective premium obligation for Generation is approximately $334 million . NEIL requires its members to maintain an investment grade credit rating or to ensure collectability of their annual retrospective premium obligation by providing a financial guarantee, letter of credit, deposit premium, or some other means of assurance. NEIL provides “all risk” property damage, decontamination and premature decommissioning insurance for each station for losses resulting from damage to its nuclear plants, either due to accidents or acts of terrorism. If the decision is made to decommission the facility, a portion of the insurance proceeds will be allocated to a fund, which Generation is required by the NRC to maintain, to provide for decommissioning the facility. In the event of an insured loss, Generation is unable to predict the timing of the availability of insurance proceeds to Generation and the amount of such proceeds that would be available. In the event that one or more acts of terrorism cause accidental property damage within a twelve-month period from the first accidental property damage under one or more policies for all insured plants, the maximum recovery by Exelon will be an aggregate of $3.2 billion plus such additional amounts as the insurer may recover for all such losses from reinsurance, indemnity and any other source, applicable to such losses. For its insured losses, Generation is self-insured to the extent that losses are within the policy deductible or exceed the amount of insurance maintained. Uninsured losses and other expenses, to the extent not recoverable from insurers or the nuclear industry, could also be borne by Generation. Any such losses could have a material adverse effect on Exelon’s and Generation’s financial condition, results of operations and cash flows. Environmental Remediation Matters General (All Registrants). The Registrants’ operations have in the past, and may in the future, require substantial expenditures to comply with environmental laws. Additionally, under Federal and state environmental laws, the Registrants are generally liable for the costs of remediating environmental contamination of property now or formerly owned by them and of property contaminated by hazardous substances generated by them. The Registrants own or lease a number of real estate parcels, including parcels on which their operations or the operations of others may have resulted in contamination by substances that are considered hazardous under environmental laws. In addition, the Registrants are currently involved in a number of proceedings relating to sites where hazardous substances have been deposited and may be subject to additional proceedings in the future. Unless otherwise disclosed, the Registrants cannot reasonably estimate whether they will incur significant liabilities for additional investigation and remediation costs at these or additional sites identified by the Registrants, environmental agencies or others, or whether such costs will be recoverable from third parties, including customers. Additional costs could have a material, unfavorable impact in the Registrants' financial statements. MGP Sites (Exelon, ComEd, PECO, BGE, PHI and DPL). ComEd, PECO, BGE and DPL have identified sites where former MGP or gas purification activities have or may have resulted in actual site contamination. For almost all of these sites, there are additional PRPs that may share responsibility for the ultimate remediation of each location. • ComEd has identified 42 sites, 21 of which have been remediated and approved by the Illinois EPA or the U.S. EPA and 21 that are currently under some degree of active study and/or remediation. ComEd expects the majority of the remediation at these sites to continue through at least 2023. • PECO has identified 26 sites, 17 of which have been remediated in accordance with applicable PA DEP regulatory requirements and 9 that are currently under some degree of active study and/or remediation. PECO expects the majority of the remediation at these sites to continue through at least 2022. • BGE has identified 13 sites, 9 of which have been remediated and approved by the MDE and 4 that require some level of remediation and/or ongoing activity. BGE expects the majority of the remediation at these sites to continue through at least 2019. • DPL has identified 3 sites, for 2 of which remediation has been completed and approved by the MDE or the Delaware Department of Natural Resources and Environmental Control. The remaining site is under study and the required cost at the site is not expected to be material. The historical nature of the MGP and gas purification sites and the fact that many of the sites have been buried and built over, impacts the ability to determine a precise estimate of the ultimate costs prior to initial sampling and determination of the exact scope and method of remedial activity. Management determines its best estimate of remediation costs using all available information at the time of each study, including probabilistic and deterministic modeling for ComEd and PECO, and the remediation standards currently required by the applicable state environmental agency. Prior to completion of any significant clean up, each site remediation plan is approved by the appropriate state environmental agency. ComEd, pursuant to an ICC order, and PECO, pursuant to settlements of natural gas distribution rate cases with the PAPUC, are currently recovering environmental remediation costs of former MGP facility sites through customer rates. See Note 6 — Regulatory Matters for additional information regarding the associated regulatory assets. While BGE and DPL do not have riders for MGP clean-up costs, they have historically received recovery of actual clean-up costs in distribution rates. As of June 30, 2019 and December 31, 2018 , the Registrants had accrued the following undiscounted amounts for environmental liabilities in Other current liabilities and Other deferred credits and other liabilities within their respective Consolidated Balance Sheets: June 30, 2019 Total environmental investigation and remediation reserve Portion of total related to MGP investigation and remediation Exelon $ 482 $ 345 Generation 107 — ComEd 318 318 PECO 25 24 BGE 5 3 PHI 27 — Pepco 24 — DPL 1 — ACE 1 — December 31, 2018 Total environmental investigation and remediation reserve Portion of total related to MGP investigation and remediation Exelon $ 496 $ 356 Generation 108 — ComEd 329 327 PECO 27 25 BGE 5 4 PHI 27 — Pepco 25 — DPL 1 — ACE 1 — Cotter Corporation (Exelon and Generation). The EPA has advised Cotter Corporation (Cotter), a former ComEd subsidiary, that it is potentially liable in connection with radiological contamination at a site known as the West Lake Landfill in Missouri. In 2000, ComEd sold Cotter to an unaffiliated third-party. As part of the sale, ComEd agreed to indemnify Cotter for any liability arising in connection with the West Lake Landfill. In connection with Exelon’s 2001 corporate restructuring, this responsibility to indemnify Cotter was transferred to Generation. Including Cotter, there are three PRPs participating in the West Lake Landfill remediation proceeding. Investigation by Generation has identified a number of other parties who also may be PRPs and could be liable to contribute to the final remedy. Further investigation is ongoing. In September 2018 the EPA issued its Record of Decision (ROD) Amendment for the selection of the final remedy. The ROD modified the EPA’s previously proposed plan for partial excavation of the radiological materials by reducing the depths of the excavation. The ROD also allows for variation in depths of excavation depending on radiological concentrations. The EPA and the PRPs have entered into a Consent Agreement to perform the Remedial Design, which is expected to be completed in the 2020 - 2021 time frame. In March 2019 the PRPs received Special Notice Letters from the EPA to perform the Remedial Action work. The EPA has established a deadline of October 2019 for the PRPs to provide a good faith offer to conduct, or finance, the Remedial Action work . This schedule can be extended by the EPA pending completion of the Remedial Design. The estimated cost of the remedy, taking into account the current EPA technical requirements and the total costs expected to be incurred by the PRPs in fully executing the remedy, is approximately $280 million , including cost escalation on an undiscounted basis, which would be allocated among the final group of PRPs. Generation has determined that a loss associated with the EPA’s partial excavation and enhanced landfill cover remedy is probable and has recorded a liability included in the table above, that reflects management’s best estimate of Cotter’s allocable share of the ultimate cost. Given the joint and several nature of this liability, the magnitude of Generation’s ultimate liability will depend on the actual costs incurred to implement the required remediation remedy as well as on the nature and terms of any cost-sharing arrangements with the final group of PRPs. Therefore, it is reasonably possible that the ultimate cost and Generation’s associated allocable share could differ significantly once these uncertainties are resolved, which could have a material impact on Exelon's and Generation's future financial statements. One of the other PRPs has indicated it will be making a contribution claim against Cotter for costs that it has incurred to prevent the subsurface fire from spreading to those areas of the West Lake Landfill where radiological materials are believed to have been disposed. At this time, Exelon and Generation do not possess sufficient information to assess this claim and therefore are unable to estimate a range of loss, if any. As such, no liability has been recorded for the potential contribution claim. It is reasonably possible, however, that resolution of this matter could have a material, unfavorable impact on Exelon’s and Generation's financial statements. In January 2018, the PRPs were advised by the EPA that it will begin an additional investigation and evaluation of groundwater conditions at the West Lake Landfill. In September 2018, the PRPs agreed to an Administrative Settlement Agreement and Order on Consent for the performance by the PRPs of the groundwater RI/FS. The purpose of this RI/FS is to define the nature and extent of any groundwater contamination from the West Lake Landfill site and evaluate remedial alternatives. Generation estimates the undiscounted cost for the groundwater RI/FS to be approximately $20 million . Generation determined a loss associated with the RI/FS is probable and has recorded a liability included in the table above that reflects management’s best estimate of Cotter’s allocable share of the cost among the PRPs. At this time Generation cannot predict the likelihood or the extent to which, if any, remediation activities may be required and therefore cannot estimate a reasonably possible range of loss for response costs beyond those associated with the RI/FS component. It is reasonably possible, however, that resolution of this matter could have a material, unfavorable impact on Exelon’s and Generation’s future financial statements. In August, 2011, Cotter was notified by the DOJ that Cotter is considered a PRP with respect to the government’s clean-up costs for contamination attributable to low level radioactive residues at a former storage and reprocessing facility named Latty Avenue near St. Louis, Missouri. The Latty Avenue site is included in ComEd’s indemnification responsibilities discussed above as part of the sale of Cotter. The radioactive residues had been generated initially in connection with the processing of uranium ores as part of the U.S. Government’s Manhattan Project. Cotter purchased the residues in 1969 for initial processing at the Latty Avenue facility for the subsequent extraction of uranium and metals. In 1976, the NRC found that the Latty Avenue site had radiation levels exceeding NRC criteria for decontamination of land areas. Latty Avenue was investigated and remediated by the United States Army Corps of Engineers pursuant to funding under FUSRAP. The DOJ has not yet formally advised the PRPs of the amount that it is seeking, but it is believed to be approximately $90 million from all PRPs. Pursuant to a series of annual agreements since 2011, the DOJ and the PRPs have tolled the statute of limitations until August 2019 so that settlement discussions could proceed. Generation has determined that a loss associated with this matter is probable under its indemnification agreement with Cotter and has recorded an estimated liability, which is included in the table above. Commencing in February 2012, a number of lawsuits have been filed in the U.S. District Court for the Eastern District of Missouri. Among the defendants were Exelon, Generation and ComEd, all of which were subsequently dismissed from the case, as well as Cotter, which remains a defendant. The suits allege that individuals living in the North St. Louis area developed some form of cancer or other serious illness due to Cotter's negligent or reckless conduct in processing, transporting, storing, handling and/or disposing of radioactive materials. Plaintiffs are asserting public liability claims under the Price-Anderson Act. Their state law claims for negligence, strict liability, emotional distress, and medical monitoring have been dismissed. In the event of a finding of liability against Cotter, it is probable that Generation would be financially responsible due to its indemnification responsibilities of Cotter described above. The court has dismissed a number of the lawsuits as untimely, which has been upheld on appeal. Cotter and the remaining plaintiffs have engaged in settlement discussions pursuant to court-ordered mediation. During the second quarter of 2018, Generation determined a loss was probable based on the advancement of settlement proceedings and recorded an immaterial liability. Benning Road Site (Exelon, Generation, PHI and Pepco). In September 2010, PHI received a letter from EPA identifying the Benning Road site as one of six land-based sites potentially contributing to contamination of the lower Anacostia River. A portion of the site was formerly the location of a Pepco Energy Services electric generating facility. That generating facility was deactivated in June 2012 and plant structure demolition was completed in July 2015. The remaining portion of the site consists of a Pepco transmission and distribution service center that remains in operation. In December 2011, the U.S. District Court for the District of Columbia approved a Consent Decree entered into by Pepco and Pepco Energy Services with the DOEE, which requires Pepco and Pepco Energy Services to conduct a Remediation Investigation (RI)/ Feasibility Study (FS) for the Benning Road site and an approximately 10 to 15-acre portion of the adjacent Anacostia River. The RI/FS will form the basis for the remedial actions for the Benning Road site and for the Anacostia River sediment associated with the site. The Consent Decree does not obligate Pepco or Pepco Energy Services to pay for or perform any remediation work, but it is anticipated that DOEE will look to Pepco and Pepco Energy Services to assume responsibility for cleanup of any conditions in the river that are determined to be attributable to past activities at the Benning Road site. Pursuant to Exelon's March 23, 2016 acquisition of PHI, Pepco Energy Services was transferred to Generation. Since 2013, Pepco and Pepco Energy Services (now Generation) have been performing RI work and have submitted multiple draft RI reports to the DOEE. Once the RI work is completed, Pepco and Generation will issue a draft “final” RI report for review and comment by DOEE and the public. Pepco and Generation will then proceed to develop an FS to evaluate possible remedial alternatives for submission to DOEE. The Court has established a schedule for completion of the RI and FS, and approval by the DOEE, by September 16, 2021. Upon DOEE’s approval of the final RI and FS Reports, Pepco and Generation will have satisfied their obligations under the Consent Decree. At that point, DOEE will prepare a Proposed Plan regarding further response actions. After considering public comment on the Proposed Plan, DOEE will issue a Record of Decision identifying any further response actions determined to be necessary. PHI, Pepco and Generation have determined that a loss associated with this matter is probable and have accrued an estimated liability, which is included in the table above. Anacostia River Tidal Reach (Exelon, PHI and Pepco). Contemporaneous with the Benning RI/FS being performed by Pepco and Generation, DOEE and certain federal agencies have been conducting a separate RI/FS focused on the entire tidal reach of the Anacostia River extending from just north of the Maryland-D.C. boundary line to the confluence of the Anacostia and Potomac Rivers. In March 2016, DOEE released a draft of the river-wide RI Report for public review and comment. The river-wide RI incorporated the results of the river sampling performed by Pepco and Pepco Energy Services as part of the Benning RI/FS, as well as similar sampling efforts conducted by owners of other sites adjacent to this segment of the river and supplemental river sampling conducted by DOEE’s contractor. DOEE asked Pepco, along with parties responsible for other sites along the river, to participate in a “Consultative Working Group” to provide input into the process for future remedial actions addressing the entire tidal reach of the river and to ensure proper coordination with the other river cleanup efforts currently underway, including cleanup of the river segment adjacent to the Benning Road site resulting from the Benning RI/FS. Pepco responded that it will participate in the Consultative Working Group, but its participation is not an acceptance of any financial responsibility beyond the work that will be performed at the Benning Road site described above. In April 2018, DOEE released a draft remedial investigation report for public review and comment. Pepco submitted written comments to the draft RI and participated in a public hearing. Pepco continues outreach efforts as appropriate to the agencies, governmental officials, community organizations and other key stakeholders. In May 2018 the District of Columbia Council extended the deadline for completion of the Record of Decision from June 30, 2018 until December 31, 2019. An appropriate liability for Pepco’s share of investigation costs has been accrued and is included in the table above. Although Pepco has determined that it is probable that costs for remediation will be incurred, Pepco cannot estimate the reasonably possible range of loss at this time and no liability has been accrued for those future costs. A draft Feasibility Study of potential remedies and their estimated costs is being prepared by the agencies and is expected later in 2019, at which time Pepco will likely be in a better position to estimate the range of loss. In addition to the activities associated with the remedial process outlined above, there is a complementary statutory program that requires an assessment to determine if any natural resources have been damaged as a result of the contamination that is being remediated, and, if so, that a plan be developed by the federal, state and local Trustees responsible for those resources to restore them to their condition before injury from the environmental contaminants. If natural resources are not restored, then compensation for the injury can be sought from the party responsible for the release of the contaminants. The assessment of Natural Resource Damages (NRD) typically takes place following cleanup because cleanups sometimes also effectively restore habitat. During the second quarter of 2018, Pepco became aware that the Trustees are in the beginning stages of this process that often takes many years beyond the remedial decision to complete. Pepco has concluded that a loss associated with the eventual NRD assessment is reasonably possible. Due to the very early stage of the assessment process it cannot reasonably estimate the range of loss. Litigation and Regulatory Matters Asbestos Personal Injury Claims (Exelon and Generation). Generation maintains a reserve for claims associated with asbestos-related personal injury actions in certain facilities that are currently owned by Generation or were previously owned by ComEd and PECO. The estimated liabilities are recorded on an undiscounted basis and exclude the estimated legal costs associated with handling these matters, which could be material. At June 30, 2019 and December 31, 2018 , Generation had recorded estimated liabilities of approximately $84 million and $79 million , respectively, in total for asbestos-related bodily injury claims. As of June 30, 2019 , approximately $24 million of this amount related to 244 open claims presented to Generation, while the remaining $60 million is for estimated future asbestos-related bodily injury claims anticipated to arise through 2055, based on actuarial assumptions and analyses, which are updated on an annual basis. On a quarterly basis, Generation monitors actual experience against the number of forecasted claims to be received and expected claim payments and evaluates whether adjustments to the estimated liabilities are necessary. There is a reasonable possibility that Exelon may have additional exposure to estimated future asbestos-related bodily injury claims in excess of the amount accrued and the increases could have a material unfavorable impact on Exelon's and Generation's financial statements. City of Everett Tax Increment Financing Agreement (Exelon and Generation). On April 10, 2017, the City of Everett petitioned the Massachusetts Economic Assistance Coordinating Council (EACC) to revoke the 1999 tax increment financing agreement (TIF Agreement) relating to Mystic Units 8 and 9 on the grounds that the total investment in Mystic Units 8 and 9 materially deviates from the investment set forth in the TIF Agreement. On October 31, 2017, a three-member panel of the EACC conducted an administrative hearing on the City’s petition. On November 30, 2017, the hearing panel issued a tentative decision denying the City’s petition, finding that there was no material misrepresentation that would justify revocation of the TIF Agreement. On December 13, 2017, the tentative decision was adopted by the full EACC. On January 12, 2018, the City filed a complaint in Massachusetts Superior Court requesting, among other things, that the court set aside the EACC’s decision, grant the City’s request to decertify the Project and the TIF Agreement, and award the City damages for alleged underpaid taxes over the period of the TIF Agreement. Generation vigorously contested the City’s claims before the EACC and will continue to do so in the Massachusetts Superior Court proceeding. Generation continues to believe that the City’s claim lacks merit. Accordingly, Generation has not recorded a liability for payment resulting from such a revocation, nor can Generation estimate a reasonably possible range of loss, if any, associated with any such revocation. Further, it is reasonably possible that property taxes assessed in future periods, including those following the expiration of the current TIF Agreement in 2019, could be material to Generation’s results of operations and cash flows. General (All Registrants). The Registrants are involved in various other litigation matters that are being defended and handled in the ordinary course of business. The assessment of whether a loss is probable or reasonably possible, and whether the loss or a range of loss is estimable, often involves a series of complex judgments about future events. The Registrants maintain accruals for such losses that are probable of being incurred and subject to reasonable estimation. Management is sometimes unable to estimate an amount or range of reasonably possible loss, particularly where (1) the damages sought are indeterminate, (2) the proceedings are in the early stages, or (3) the matters involve novel or unsettled legal theories. In such cases, there is considerable uncertainty regarding the timing or ultimate resolution of such matters, including a p |
Supplemental Financial Informat
Supplemental Financial Information (All Registrants) | 6 Months Ended |
Jun. 30, 2019 | |
Supplemental Financial Information [Abstract] | |
Supplemental Financial Information (All Registrants) | Supplemental Financial Information (All Registrants) Supplemental Statement of Operations Information The following tables provide additional information about material items recorded in the Registrants' Consolidated Statements of Operations and Comprehensive Income. Taxes other than income Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE Three Months Ended June 30, 2019 Utility taxes (a) $ 209 $ 32 $ 55 $ 30 $ 21 $ 71 $ 67 $ 4 $ — Property 148 68 9 4 37 30 21 8 1 Payroll 61 30 7 4 4 7 2 1 1 Three Months Ended June 30, 2018 Utility taxes (a) $ 218 $ 29 $ 60 $ 30 $ 21 $ 78 $ 73 $ 5 $ — Property 135 65 8 4 34 24 15 8 1 Payroll 65 34 7 4 4 6 2 1 1 Six Months Ended June 30, 2019 Utility taxes (a) $ 432 $ 58 $ 118 $ 63 $ 48 $ 145 $ 136 $ 9 $ — Property 296 138 15 8 75 60 43 16 1 Payroll 127 64 14 7 8 14 3 2 2 Six Months Ended June 30, 2018 Utility taxes (a) $ 452 $ 60 $ 121 $ 63 $ 47 $ 161 $ 151 $ 10 $ — Property 271 134 15 7 69 46 29 16 1 Payroll 133 68 14 8 8 14 3 2 2 _________ (a) Generation’s utility tax represents gross receipts tax related to its retail operations, and the Utility Registrants' utility taxes represents municipal and state utility taxes and gross receipts taxes related to their operating revenues. The offsetting collection of utility taxes from customers is recorded in revenues in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. Other, Net Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE Three Months Ended June 30, 2019 Decommissioning-related activities: Net realized income on NDT funds (a) Regulatory agreement units $ 77 $ 77 $ — $ — $ — $ — $ — $ — $ — Non-regulatory agreement units 230 230 — — — — — — — Net unrealized (losses) gains on NDT funds Regulatory agreement units 98 98 — — — — — — — Non-regulatory agreement units (98 ) (98 ) — — — — — — — Regulatory offset to NDT fund-related activities (b) (141 ) (141 ) — — — — — — — Decommissioning-related activities 166 166 — — — — — — — AFUDC — Equity 21 — 4 3 5 9 6 1 2 Non-service net periodic benefit cost 5 — — — — — — — — Three Months Ended June 30, 2018 Decommissioning-related activities: Net realized income on NDT funds (a) Regulatory agreement units $ 216 $ 216 $ — $ — $ — $ — $ — $ — $ — Non-regulatory agreement units 143 143 — — — — — — — Net unrealized losses on NDT funds Regulatory agreement units (194 ) (194 ) — — — — — — — Non-regulatory agreement units (120 ) (120 ) — — — — — — — Regulatory offset to NDT fund-related activities (b) (23 ) (23 ) — — — — — — — Decommissioning-related activities 22 22 — — — — — — — AFUDC — Equity 13 — 2 — 4 7 6 1 — Non-service net periodic benefit cost (11 ) — — — — — — — — Other, Net Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE Six Months Ended June 30, 2019 Decommissioning-related activities: Net realized income on NDT funds (a) Regulatory agreement units $ 131 $ 131 $ — $ — $ — $ — $ — $ — $ — Non-regulatory agreement units 283 283 — — — — — — — Net unrealized gains on NDT funds Regulatory agreement units 476 476 — — — — — — — Non-regulatory agreement units 182 182 — — — — — — — Regulatory offset to NDT fund-related activities (b) (487 ) (487 ) — — — — — — — Decommissioning-related activities 585 585 — — — — — — — AFUDC — Equity 43 — 9 6 10 18 12 2 4 Non-service net periodic benefit cost 10 — — — — — — — — Six Months Ended June 30, 2018 Decommissioning-related activities: Net realized income on NDT funds (a) Regulatory agreement units $ 262 $ 262 $ — $ — $ — $ — $ — $ — $ — Non-regulatory agreement units 199 199 — — — — — — — Net unrealized losses on NDT funds Regulatory agreement units (268 ) (268 ) — — — — — — — Non-regulatory agreement units (215 ) (215 ) — — — — — — — Regulatory offset to NDT fund-related activities (b) (1 ) (1 ) — — — — — — — Decommissioning-related activities (23 ) (23 ) — — — — — — — AFUDC — Equity 31 — 8 2 8 13 12 1 — Non-service net periodic benefit cost (21 ) — — — — — — — — _________ (a) Realized income includes interest, dividends and realized gains and losses on sales of NDT fund investments. (b) Includes the elimination of decommissioning-related activities for the Regulatory Agreement Units, including the elimination of income taxes related to all NDT fund activity for those units. See Note 15 — Asset Retirement Obligations of the Exelon 2018 Form 10-K for additional information regarding the accounting for nuclear decommissioning. Supplemental Cash Flow Information The following tables provide additional information about material items recorded in the Registrants' Consolidated Statements of Cash Flows. Depreciation, amortization and accretion Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE Six Months Ended June 30, 2019 Property, plant and equipment (a) $ 1,859 $ 789 $ 439 $ 149 $ 173 $ 266 $ 117 $ 71 $ 57 Amortization of regulatory assets (a) 266 — 69 15 79 103 69 20 14 Amortization of intangible assets, net (a) 29 25 — — — — — — — Amortization of energy contract assets and liabilities (b) 5 5 — — — — — — — Nuclear fuel (c) 513 513 — — — — — — — ARO accretion (d) 250 248 — — — — — — — Total depreciation, amortization and accretion $ 2,922 $ 1,580 $ 508 $ 164 $ 252 $ 369 $ 186 $ 91 $ 71 Six Months Ended June 30, 2018 Property, plant and equipment (a) $ 1,873 $ 890 $ 406 $ 135 $ 164 $ 236 $ 107 $ 64 $ 47 Amortization of regulatory assets (a) 278 — 53 14 84 127 81 24 22 Amortization of intangible assets, net (a) 28 24 — — — — — — — Amortization of energy contract assets and liabilities (b) 10 10 — — — — — — — Nuclear fuel (c) 569 569 — — — — — — — ARO accretion (d) 242 242 — — — — — — — Total depreciation, amortization and accretion $ 3,000 $ 1,735 $ 459 $ 149 $ 248 $ 363 $ 188 $ 88 $ 69 _________ (a) Included in Depreciation and amortization in the Registrants' Consolidated Statements of Operations and Comprehensive Income. (b) Included in Operating revenues or Purchased power and fuel expense in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. (c) Included in Purchased power and fuel expense in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. (d) Included in Operating and maintenance expense in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. Other non-cash operating activities Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE Six Months Ended June 30, 2019 Pension and non-pension postretirement benefit costs $ 212 $ 62 $ 47 $ 5 $ 29 $ 48 $ 12 $ 8 $ 8 Provision for uncollectible accounts 45 12 16 10 4 3 2 1 — Other decommissioning-related activity (a) (260 ) (261 ) — — — — — — — Energy-related options (b) 43 43 — — — — — — — Amortization of rate stabilization deferral (10 ) — — — — (10 ) (8 ) (2 ) — Discrete impacts from EIMA and FEJA (c) 24 — 24 — — — — — — Long-term incentive plan 35 — — — — — — — — Amortization of operating ROU asset 115 78 1 — 15 17 4 5 2 Six Months Ended June 30, 2018 Pension and non-pension postretirement benefit costs $ 290 $ 100 $ 88 $ 10 $ 29 $ 34 $ 8 $ 3 $ 6 Provision for uncollectible accounts 77 28 18 11 5 15 7 2 5 Other decommissioning-related activity (a) (61 ) (61 ) — — — — — — — Energy-related options (b) (7 ) (7 ) — — — — — — — Amortization of rate stabilization deferral 13 — — — — 13 10 3 — Discrete impacts from EIMA and FEJA (c) 14 — 14 — — — — — — Long-term incentive plan 51 — — — — — — — — _______ (a) Includes the elimination of decommissioning-related activity for the Regulatory Agreement Units, including the elimination of operating revenues, ARO accretion, ARC amortization, investment income and income taxes related to all NDT fund activity for these units. See Note 15 — Asset Retirement Obligations of the Exelon 2018 Form 10-K for additional information regarding the accounting for nuclear decommissioning. (b) Includes option premiums reclassified to realized at the settlement of the underlying contracts and recorded in Operating revenues and expenses. (c) Reflects the change in ComEd's distribution and energy efficiency formula rates. See Note 6 — Regulatory Matters for additional information. The following tables provide a reconciliation of cash, cash equivalents and restricted cash reported within the Registrants’ Consolidated Balance Sheets that sum to the total of the same amounts in their Consolidated Statements of Cash Flows. Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE June 30, 2019 Cash and cash equivalents $ 735 $ 575 $ 65 $ 20 $ 8 $ 54 $ 18 $ 3 $ 4 Restricted cash 252 122 77 6 1 37 34 1 2 Restricted cash included in other long-term assets 191 — 174 — — 17 — — 17 Total cash, cash equivalents and restricted cash $ 1,178 $ 697 $ 316 $ 26 $ 9 $ 108 $ 52 $ 4 $ 23 December 31, 2018 Cash and cash equivalents $ 1,349 $ 750 $ 135 $ 130 $ 7 $ 124 $ 16 $ 23 $ 7 Restricted cash 247 153 29 5 6 43 37 1 4 Restricted cash included in other long-term assets 185 — 166 — — 19 — — 19 Total cash, cash equivalents and restricted cash $ 1,781 $ 903 $ 330 $ 135 $ 13 $ 186 $ 53 $ 24 $ 30 June 30, 2018 Cash and cash equivalents $ 694 $ 420 $ 30 $ 18 $ 7 $ 195 $ 47 $ 141 $ 6 Restricted cash 206 130 5 5 1 38 33 — 5 Restricted cash included in other long-term assets 128 — 108 — — 20 — — 20 Total cash, cash equivalents and restricted cash $ 1,028 $ 550 $ 143 $ 23 $ 8 $ 253 $ 80 $ 141 $ 31 December 31, 2017 Cash and cash equivalents $ 898 $ 416 $ 76 $ 271 $ 17 $ 30 $ 5 $ 2 $ 2 Restricted cash 207 138 5 4 1 42 35 — 6 Restricted cash included in other long-term assets 85 — 63 — — 23 — — 23 Total cash, cash equivalents and restricted cash $ 1,190 $ 554 $ 144 $ 275 $ 18 $ 95 $ 40 $ 2 $ 31 For additional information on restricted cash see Note 1 — Significant Accounting Policies of the Exelon 2018 Form 10-K. Supplemental Balance Sheet Information The following tables provide additional information about material items recorded in the Registrants' Consolidated Balance Sheets. Unbilled customer revenues Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE June 30, 2019 $ 1,352 $ 703 $ 218 $ 121 $ 115 $ 195 $ 107 $ 47 $ 41 December 31, 2018 1,656 965 223 114 168 186 97 59 30 Accrued expenses Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE June 30, 2019 Compensation-related accruals (a) $ 767 $ 292 $ 117 $ 52 $ 41 $ 72 $ 23 $ 15 $ 10 Taxes accrued 446 304 65 14 21 75 54 13 9 Interest accrued 340 76 109 33 40 50 24 8 13 December 31, 2018 Compensation-related accruals (a) $ 1,191 $ 479 $ 187 $ 49 $ 68 $ 99 $ 29 $ 19 $ 12 Taxes accrued 412 226 71 28 46 74 58 4 5 Interest accrued 334 77 105 33 39 50 25 8 12 _________ (a) |
Significant Accounting Polici_2
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2019 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation (All Registrants) Each of the Registrant’s Consolidated Financial Statements includes the accounts of its subsidiaries. All intercompany transactions have been eliminated. Through its business services subsidiary, BSC, Exelon provides its subsidiaries with a variety of support services at cost, including legal, human resources, financial, information technology and supply management services. PHI also has a business services subsidiary, PHISCO, which provides a variety of support services at cost, including legal, accounting, engineering, customer operations, distribution and transmission planning, asset management, system operations, and power procurement, to PHI operating companies. The costs of BSC and PHISCO are directly charged or allocated to the applicable subsidiaries. The results of Exelon’s corporate operations are presented as “Other” within the consolidated financial statements and include intercompany eliminations unless otherwise disclosed. The accompanying consolidated financial statements as of June 30, 2019 and 2018 and for the three and six months then ended are unaudited but, in the opinion of the management of each Registrant include all adjustments that are considered necessary for a fair statement of the Registrants’ respective financial statements in accordance with GAAP. All adjustments are of a normal, recurring nature, except as otherwise disclosed. The December 31, 2018 Consolidated Balance Sheets were derived from audited financial statements. Financial results for interim periods are not necessarily indicative of results that may be expected for any other interim period or for the fiscal year ending December 31, 2019 . These Combined Notes to Consolidated Financial Statements have been prepared pursuant to the rules and regulations of the SEC for Quarterly Reports on Form 10-Q. Certain information and note disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. |
New Accounting Pronouncements, Policy [Policy Text Block] | New Accounting Standards (All Registrants) New Accounting Standards Adopted in 2019: In 2019, the Registrants have adopted the following new authoritative accounting guidance issued by the FASB. Leases. The Registrants applied the new guidance with the following transition practical expedients: • a "package of three" expedients that must be taken together and allow entities to (1) not reassess whether existing contracts contain leases, (2) carryforward the existing lease classification, and (3) not reassess initial direct costs associated with existing leases, • an implementation expedient which allows the requirements of the standard in the period of adoption with no restatement of prior periods, and • a land easement expedient which allows entities to not evaluate land easements under the new standard at adoption if they were not previously accounted for as leases. The standard materially impacted the Registrants' Consolidated Balance Sheets but did not have a material impact in the Registrants' Consolidated Statements of Operations and Comprehensive Income, Consolidated Statements of Cash Flows and Consolidated Statements of Changes in Shareholders' Equity. The most significant impact was the recognition of the ROU assets and lease liabilities for operating leases. The operating ROU assets and lease liabilities recognized upon adoption are materially consistent with the balances presented in the Combined Notes to the Consolidated Financial Statements. See Note 5 - Leases for additional information. See Note 1 — Significant Accounting Policies of the Exelon 2018 Form 10-K for additional information on new accounting standards issued and adopted as of January 1, 2019. New Accounting Standards Issued and Not Yet Adopted as of June 30, 2019 : The following new authoritative accounting guidance issued by the FASB has not yet been adopted and reflected by the Registrants in their consolidated financial statements as of June 30, 2019 . Unless otherwise indicated, the Registrants are currently assessing the impacts such guidance may have (which could be material) in their financial statements. The Registrants have assessed other FASB issuances of new standards which are not listed below as the Registrants do not expect such standards to have a material impact to their financial statements. Goodwill Impairment (Issued January 2017). Simplifies the accounting for goodwill impairment by removing Step 2 of the current test, which requires calculation of a hypothetical purchase price allocation. Under the revised guidance, goodwill impairment will be measured as the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill (currently Step 1 of the two-step impairment test). Entities will continue to have the option to perform a qualitative assessment to determine if a quantitative impairment test is necessary. Exelon, Generation, ComEd, PHI and DPL do not expect the updated guidance to have a material impact to their financial statements. The standard is effective January 1, 2020, with early adoption permitted, and must be applied on a prospective basis. Impairment of Financial Instruments (Issued June 2016). Provides for a new Current Expected Credit Loss (CECL) impairment model for specified financial instruments including loans, trade receivables, debt securities classified as held-to-maturity investments and net investments in leases recognized by a lessor. Under the new guidance, on initial recognition and at each reporting period, an entity is required to recognize an allowance that reflects the entity’s current estimate of credit losses expected to be incurred over the life of the financial instrument. The standard does not make changes to the existing impairment models for non-financial assets such as fixed assets, intangibles and goodwill. The standard will be effective January 1, 2020 (with early adoption as of January 1, 2019 permitted) and requires a modified retrospective transition approach through a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption. The Registrants are currently assessing the impacts of this standard. |
Revenues [Policy Text Block] | The Registrants recognize revenue from contracts with customers to depict the transfer of goods or services to customers at an amount that the entities expect to be entitled to in exchange for those goods or services. Generation’s primary sources of revenue include competitive sales of power, natural gas, and other energy-related products and services. The Utility Registrants’ primary sources of revenue include regulated electric and gas tariff sales, distribution and transmission services. |
Lessee, Leases [Policy Text Block] | Leases (All Registrants) The Registrants recognize a ROU asset and lease liability for operating leases with a term of greater than one year. The ROU asset is included in Other deferred debits and other assets and the lease liability is included in Other current liabilities and Other deferred credits and other liabilities on the Consolidated Balance Sheets. The ROU asset is measured as the sum of (1) the present value of all remaining fixed and in-substance fixed payments using each Registrant’s incremental borrowing rate, (2) any lease payments made at or before the commencement date (less any lease incentives received) and (3) any initial direct costs incurred. The lease liability is measured the same as the ROU asset, but excludes any payments made before the commencement date and initial direct costs incurred. Lease terms include options to extend or terminate the lease if it is reasonably certain they will be exercised. The Registrants include non-lease components, which are service-related costs that are not integral to the use of the asset, in the measurement of the ROU asset and lease liability. Expense for operating leases and leases with a term of one year or less is recognized on a straight-line basis over the term of the lease, unless another systematic and rational basis is more representative of the derivation of benefit from use of the leased property. Variable lease payments are recognized in the period in which the related obligation is incurred and consist primarily of payments for purchases of electricity under contracted generation and are based on the electricity produced by those generating assets. Operating lease expense and variable lease payments are recorded to Purchased power and fuel expense for contracted generation or Operating and maintenance expense for all other lease agreements on the Registrants’ Statements of Operations and Comprehensive Income. Income from operating leases, including subleases, is recognized on a straight-line basis over the term of the lease, unless another systematic and rational basis is more representative of the pattern in which income is earned over the term of the lease. Variable lease payments are recognized in the period in which the related obligation is performed and consist primarily of payments received from sales of electricity under contracted generation and are based on the electricity produced by those generating assets. Operating lease income and variable lease payments are recorded to Operating revenues on the Registrants’ Statements of Operations and Comprehensive Income. The Registrants’ operating leases consist primarily of contracted generation, real estate including office buildings, and vehicles and equipment. The Registrants generally account for contracted generation in which the generating asset is not renewable as a lease if the customer has dispatch rights and obtains substantially all of the economic benefits. For new agreements entered after January 1, 2019, the Registrants will generally not account for contracted generation in which the generating asset is renewable as a lease if the customer does not design the generating asset. The Registrants account for land right arrangements that provide for exclusive use as leases while shared use land arrangements are generally not leases. The Registrants do not account for secondary use pole attachments as leases. See Note 5 — Leases for additional information. |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Valuation Techniques Used to Determine Net Asset Value Certain NDT Fund Investments are not classified within the fair value hierarchy and are included under the heading “Not subject to leveling” in the table above. These investments are measured at fair value using NAV per share as a practical expedient and include commingled funds, mutual funds which are not publicly quoted, managed middle market funds, private equity and real estate funds. For commingled funds and mutual funds, which are not publicly quoted, the fair value is primarily derived from the quoted prices in active markets on the underlying securities and can typically be redeemed monthly with 30 or less days of notice and without further restrictions. For managed middle market funds, the fair value is determined using a combination of valuation models including cost models, market models, and income models and typically cannot be redeemed until maturity of the term loan. Private equity and real estate investments include those in limited partnerships that invest in operating companies and real estate holding companies that are not publicly traded on a stock exchange, such as, leveraged buyouts, growth capital, venture capital, distressed investments, investments in natural resources, and direct investments in pools of real estate properties. These investments typically cannot be redeemed and are generally liquidated over a period of 8 to 10 years from the initial investment date, which is based on Exelon’s understanding of the investment funds. Private equity and real estate valuations are reported by the fund manager and are based on the valuation of the underlying investments, which include inputs such as cost, operating results, discounted future cash flows, market based comparable data, and independent appraisals from sources with professional qualifications. These valuation inputs are unobservable. |
Variable Interest Entities (Tab
Variable Interest Entities (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Variable Interest Entity [Abstract] | |
Schedule of Variable Interest Entities | The carrying amounts and classification of the consolidated VIEs’ assets and liabilities included in the Registrants' consolidated financial statements at June 30, 2019 and December 31, 2018 are as follows: June 30, 2019 December 31, 2018 Exelon (a) Generation PHI (a) ACE Exelon (a) Generation PHI (a) ACE Current assets $ 649 $ 646 $ 3 $ 2 $ 938 $ 931 $ 7 $ 4 Noncurrent assets 9,204 9,184 20 17 9,071 9,045 26 19 Total assets $ 9,853 $ 9,830 $ 23 $ 19 $ 10,009 $ 9,976 $ 33 $ 23 Current liabilities 715 694 21 20 $ 274 $ 252 $ 22 $ 19 Noncurrent liabilities 2,861 2,827 34 31 3,280 3,233 47 40 Total liabilities $ 3,576 $ 3,521 $ 55 $ 51 $ 3,554 $ 3,485 $ 69 $ 59 _________ (a) Includes certain purchase accounting adjustments not pushed down to the ACE standalone entity. |
VIE - Assets and Liabilities of VIEs which Creditors or Beneficiaries have no Recourse [Table Text Block] | Included within the balances above are assets and liabilities of certain consolidated VIEs for which the assets can only be used to settle obligations of those VIEs, and liabilities that creditors or beneficiaries do not have recourse to the general credit of the Registrants. As of June 30, 2019 and December 31, 2018 , these assets and liabilities primarily consisted of the following: June 30, 2019 December 31, 2018 Exelon (a) Generation PHI (a) ACE Exelon (a) Generation PHI (a) ACE Cash and cash equivalents $ 106 $ 106 $ — $ — $ 414 $ 414 $ — $ — Restricted cash and cash equivalents 75 73 2 2 66 62 4 4 Accounts receivable, net Customer 161 161 — — 146 146 — — Other 39 39 — — 23 23 — — Inventory, net Materials and supplies 217 217 — — 212 212 — — Other current assets 28 27 1 — 52 49 3 — Total current assets 626 623 3 2 913 906 7 4 Property, plant and equipment, net 6,084 6,084 — — 6,145 6,145 — — NDT funds 2,589 2,589 — — 2,351 2,351 — — Other noncurrent assets 227 207 20 17 258 232 26 19 Total noncurrent assets 8,900 8,880 20 17 8,754 8,728 26 19 Total assets $ 9,526 $ 9,503 $ 23 $ 19 $ 9,667 $ 9,634 $ 33 $ 23 Long-term debt due within one year $ 560 $ 540 $ 20 $ 19 $ 87 $ 66 $ 21 $ 18 Accounts payable 89 89 — — 96 96 — — Accrued expenses 52 51 1 1 72 72 1 1 Unamortized energy contract liabilities 11 11 — — 15 15 — — Other current liabilities 3 3 — — 3 3 — — Total current liabilities 715 694 21 20 273 252 22 19 Long-term debt 558 524 34 31 1,072 1,025 47 40 Asset retirement obligations 2,218 2,218 — — 2,160 2,160 — — Unamortized energy contract liabilities — — — — 1 1 — — Other noncurrent liabilities 77 77 — — 42 42 — — Total noncurrent liabilities 2,853 2,819 34 31 3,275 3,228 47 40 Total liabilities $ 3,568 $ 3,513 $ 55 $ 51 $ 3,548 $ 3,480 $ 69 $ 59 _________ (a) |
VIE - Summary of Unconsolidated VIEs [Table Text Block] | June 30, 2019 Commercial Agreement VIEs Equity Investment VIEs Total Total assets (a) $ 603 $ 453 $ 1,056 Total liabilities (a) 33 225 258 Exelon's ownership interest in VIE (a) — 203 203 Other ownership interests in VIE (a) 571 25 596 Registrants’ maximum exposure to loss: Carrying amount of equity method investments — 203 203 Contract intangible asset 7 — 7 December 31, 2018 Commercial Agreement VIEs Equity Investment VIEs Total Total assets (a) $ 597 $ 472 $ 1,069 Total liabilities (a) 37 222 259 Exelon's ownership interest in VIE (a) — 223 223 Other ownership interests in VIE (a) 560 27 587 Registrants’ maximum exposure to loss: Carrying amount of equity method investments — 223 223 Contract intangible asset 7 — 7 _________ (a) These items represent amounts in the unconsolidated VIE balance sheets, not in Exelon’s or Generation’s Consolidated Balance Sheets. These items are included to provide information regarding the relative size of the unconsolidated VIEs. |
Revenue from Contracts with C_2
Revenue from Contracts with Customers (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Revenue from Contract with Customer [Abstract] | |
Contract with Customer, Asset and Liability [Table Text Block] | The following table provides a rollforward of the contract assets and liabilities reflected in Exelon's and Generation's Consolidated Balance Sheets from January 1, 2018 to June 30, 2019 : Contract Assets Contract Liabilities Exelon Generation Exelon Generation Balance as of January 1, 2018 $ 283 $ 283 $ 35 $ 35 Consideration received or due (146 ) (146 ) 179 465 Revenues recognized 50 50 (187 ) (458 ) Balance at December 31, 2018 187 187 27 42 Consideration received or due (44 ) (44 ) 38 115 Revenues recognized 53 53 (44 ) (131 ) Balance at June 30, 2019 $ 196 $ 196 $ 21 $ 26 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block] | The following table shows the amounts of future revenues expected to be recorded in each year for performance obligations that are unsatisfied or partially unsatisfied as of June 30, 2019 . This disclosure only includes contracts for which the total consideration is fixed and determinable at contract inception. The average contract term varies by customer type and commodity but ranges from one month to several years. This disclosure excludes Generation's power and gas sales contracts as they contain variable volumes and/or variable pricing. This disclosure also excludes the Utility Registrants' gas and electric tariff sales contracts and transmission revenue contracts as they generally have an original expected duration of one year or less and, therefore, do not contain any future, unsatisfied performance obligations to be included in this disclosure. 2019 2020 2021 2022 2023 and thereafter Total Exelon $ 274 $ 275 $ 93 $ 68 $ 248 $ 958 Generation 355 343 118 72 248 1,136 |
Leases (Tables)
Leases (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Leases [Abstract] | |
Components of Lease Cost [Table Text Block] | The components of lease costs for the three months ended June 30, 2019 were as follows: Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE Operating lease costs $ 87 $ 61 $ 1 $ — $ 9 $ 13 $ 3 $ 4 $ 3 Variable lease costs 77 72 1 — 1 2 1 — 1 Short-term lease costs 3 3 — — — — — — — Total lease costs (a) $ 167 $ 136 $ 2 $ — $ 10 $ 15 $ 4 $ 4 $ 4 __________ (a) Excludes $16 million , $12 million , $4 million and $4 million of sublease income recorded at Exelon, Generation, PHI and DPL. The components of lease costs for the six months ended June 30, 2019 were as follows: Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE Operating lease costs $ 155 $ 107 $ 2 $ — $ 17 $ 23 $ 6 $ 7 $ 4 Variable lease costs 150 140 1 — 1 4 1 1 1 Short-term lease costs 11 11 — — — — — — — Total lease costs (a) $ 316 $ 258 $ 3 $ — $ 18 $ 27 $ 7 $ 8 $ 5 __________ (a) Excludes $19 million , $14 million , $5 million and $5 million of sublease income recorded at Exelon, Generation, PHI and DPL. The weighted average remaining lease terms, in years, and discount rates for operating leases as of June 30, 2019 were as follows: Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE Remaining lease term 9.9 10.6 4.9 4.4 5.4 9.2 9.7 9.6 5.2 Discount rate 4.6 % 4.8 % 3.1 % 3.4 % 3.6 % 4.1 % 3.8 % 3.9 % 3.5 % |
Supplemental Balance Sheet Information Related to Lessee Right-of-Use Assets and Lease Liabilities [Table Text Block] | The following table provides additional information regarding the presentation of operating lease ROU assets and lease liabilities within the Registrants’ Consolidated Balance Sheets as of June 30, 2019 : Exelon (a) Generation (a) ComEd PECO BGE PHI Pepco DPL ACE Operating lease ROU assets Other deferred debits and other assets $ 1,412 $ 982 $ 11 $ 2 $ 91 $ 309 $ 67 $ 74 $ 24 Operating lease liabilities Other current liabilities 250 173 3 1 32 36 8 11 6 Other deferred credits and other liabilities 1,353 981 9 1 65 280 60 72 19 Total operating lease liabilities $ 1,603 $ 1,154 $ 12 $ 2 $ 97 $ 316 $ 68 $ 83 $ 25 __________ (a) Exelon's and Generation's operating ROU assets and lease liabilities include $595 million and $744 million , respectively, related to contracted generation. |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Future minimum lease payments for operating leases as of June 30, 2019 were as follows: Year Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE 2019 $ 149 $ 104 $ 2 $ 1 $ 17 $ 23 $ 6 $ 5 $ 4 2020 291 202 3 1 34 44 9 12 5 2021 246 161 3 — 31 42 9 12 5 2022 177 112 2 — 16 41 8 11 4 2023 141 99 1 — — 39 8 10 3 Remaining years 1,051 834 2 — 19 196 43 52 6 Total 2,055 1,512 13 2 117 385 83 102 27 Interest 452 358 1 — 20 69 15 19 2 Total operating lease liabilities $ 1,603 $ 1,154 $ 12 $ 2 $ 97 $ 316 $ 68 $ 83 $ 25 |
Schedule of Future Minimum Lease Payments for Operating Leases [Table Text Block] | Future minimum lease payments for operating leases under the prior lease accounting guidance as of December 31, 2018 were as follows: Year Exelon (a)(b) Generation (a)(b) ComEd (a)(c) PECO (a)(c) BGE (a)(c)(d)(e) PHI (a) Pepco (a) DPL (a)(c) ACE (a) 2019 $ 140 $ 33 $ 7 $ 5 $ 35 $ 48 $ 11 $ 14 $ 7 2020 149 46 5 5 35 46 10 13 6 2021 143 46 4 5 33 43 9 12 5 2022 126 47 4 5 18 42 8 12 5 2023 97 46 3 5 3 39 8 10 4 Remaining years 723 545 — — 19 159 40 35 5 Total minimum future lease payments $ 1,378 $ 763 $ 23 $ 25 $ 143 $ 377 $ 86 $ 96 $ 32 __________ (a) Includes amounts related to shared use land arrangements. (b) Excludes Generation’s contingent operating lease payments associated with contracted generation. (c) Amounts related to certain real estate leases and railroad licenses effectively have indefinite payment periods. As a result, ComEd, PECO, BGE and DPL have excluded these payments from the remaining years as such amounts would not be meaningful. ComEd's, PECO’s, BGE’s and DPL's average annual obligation for these arrangements, included in each of the years 2019 - 2023, was $3 million , $5 million , $1 million and $1 million respectively. Also includes amounts related to shared use land arrangements. (d) Includes all future lease payments on a 99-year real estate lease that expires in 2106. (e) The BGE column above includes minimum future lease payments associated with a 6-year lease for the Baltimore City conduit system that became effective during the fourth quarter of 2016. BGE's total commitments under the lease agreement are $26 million , $28 million , $28 million and $14 million related to years 2019 - 2022, respectively. |
Schedule of Supplemental Cash Flow Information Related to Leases [Table Text Block] | Cash paid for amounts included in the measurement of lease liabilities for the six months ended June 30, 2019 were as follows: Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE Operating cash flows from operating leases $ 142 $ 101 $ 2 $ — $ 16 $ 19 $ 5 $ 4 $ 3 ROU assets obtained in exchange for lease obligations for the six months ended June 30, 2019 were as follows: Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE Operating leases $ 30 $ 7 $ 6 $ — $ 1 $ 15 $ 6 $ 6 $ 3 |
Components of Operating Lease Income [Table Text Block] | The components of lease income for the three months ended June 30, 2019 were as follows: Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE Operating lease income $ 14 $ 12 $ — $ — $ — $ 1 $ — $ 1 $ — Variable lease income 77 74 — — — 3 — 3 — The components of lease income for the six months ended June 30, 2019 were as follows: Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE Operating lease income $ 18 $ 15 $ — $ — $ — $ 2 $ — $ 2 $ — Variable lease income 129 126 — — — 3 — 3 — |
Lessor, Operating Lease, Payments to be Received, Maturity [Table Text Block] | Future minimum lease payments to be recovered under operating leases as of June 30, 2019 were as follows: Year Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE 2019 $ 33 $ 31 $ — $ — $ — $ 2 $ — $ 2 — 2020 51 46 — — — 4 — 3 — 2021 51 46 — — — 4 1 3 — 2022 50 45 — — — 5 — 4 — 2023 49 45 — — — 4 — 3 — Remaining years 314 271 1 3 1 38 — 38 — Total $ 548 $ 484 $ 1 $ 3 $ 1 $ 57 $ 1 $ 53 $ — |
Regulatory Matters (Tables)
Regulatory Matters (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Regulated Operations [Abstract] | |
Public Utilities General Disclosures [Table Text Block] | The following table presents authorized amounts capitalized for ratemaking purposes related to earnings on shareholders’ investment that are not recognized for financial reporting purposes in Exelon's and the Utility Registrant's Consolidated Balance Sheets. These amounts will be recognized as revenues in the related Consolidated Statements of Operations and Comprehensive Income in the periods they are billable to our customers. Exelon ComEd (a) PECO BGE (b) PHI Pepco (c) DPL (c) ACE June 30, 2019 $ 61 $ 5 $ — $ 48 $ 8 $ 5 $ 3 $ — December 31, 2018 $ 65 $ 8 $ — $ 49 $ 8 $ 5 $ 3 $ — _________ (a) Reflects ComEd's unrecognized equity returns earned for ratemaking purposes on its electric distribution formula rate regulatory assets. (b) BGE's authorized amounts capitalized for ratemaking purposes primarily relate to earnings on shareholders' investment on its AMI programs. (c) Pepco's and DPL's authorized amounts capitalized for ratemaking purposes relate to earnings on shareholders' investment on their respective AMI Programs and Energy Efficiency and Demand Response Programs. The earnings on energy efficiency are on Pepco DC and DPL DE programs only. |
Early Plant Retirements (Tables
Early Plant Retirements (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Property, Plant and Equipment [Abstract] | |
Income statement expense (pre-tax) | As a result of these early nuclear plant retirement decisions, Exelon and Generation recognized incremental non-cash charges to earnings stemming from shortening the expected economic useful lives primarily related to accelerated depreciation of plant assets (including any ARC) and accelerated amortization of nuclear fuel, as well as operating and maintenance expenses. See Note 13 — Nuclear Decommissioning for additional information on changes to the nuclear decommissioning ARO balance. The total impact for the three and six months ended June 30, 2019 and 2018 are summarized in the table below. Three Months Ended June 30, Six Months Ended June 30, Income statement expense (pre-tax) 2019 2018 2019 2018 Depreciation and amortization (a) Accelerated depreciation $ 71 $ 152 $ 145 $ 289 Accelerated nuclear fuel amortization 4 19 9 34 Operating and maintenance (b) — 2 (83 ) 28 Total $ 75 $ 173 $ 71 $ 351 _________ (a) Reflects incremental accelerated depreciation and amortization for TMI for the three and six months ended June 30, 2019 . Reflects incremental accelerated depreciation for TMI and Oyster Creek for the three and six months ended June 30, 2018 . The Oyster Creek amounts are from February 2, 2018 through June 30, 2018. (b) In 2019, primarily reflects decrease to estimated decommissioning costs for TMI. See Note 13 — Nuclear Decommissioning for additional information on the first quarter 2019 TMI ARO update. In 2018, primarily reflects materials and supplies inventory reserve adjustments, employee related costs and CWIP impairments associated with the early retirement decisions for TMI and Oyster Creek. |
Implications of Potential Early Plant Retirement on Balance Sheet [Table Text Block] | The following table provides the balance sheet amounts as of June 30, 2019 for Exelon's and Generation’s significant assets and liabilities associated with the Mystic Units 8 and 9 and Everett Marine Terminal assets that would potentially be impacted by a decision to permanently cease generation operations in the absence of long-term market rule changes. June 30, 2019 Asset Balances Materials and supplies inventory $ 30 Fuel inventory 11 Completed plant, net 896 Construction work in progress 4 Liability Balances Asset retirement obligation (1 ) |
Fair Value of Financial Asset_2
Fair Value of Financial Assets and Liabilities (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Fair Value Disclosures [Abstract] | |
Fair Value of Financial Liabilities Recorded at Amortized Cost | Fair Value of Financial Liabilities Recorded at Amortized Cost The following tables present the carrying amounts and fair values of the Registrants’ short-term liabilities, long-term debt, SNF obligation and trust preferred securities (long-term debt to financing trusts or junior subordinated debentures) as of June 30, 2019 and December 31, 2018 . The Registrants have no financial liabilities classified as Level 1. The carrying amounts of the Registrants’ short-term liabilities as presented on their Consolidated Balance Sheets are representative of their fair value (Level 2) because of the short-term nature of these instruments. June 30, 2019 December 31, 2018 Carrying Amount Fair Value Carrying Amount Fair Value Level 2 Level 3 Total Level 2 Level 3 Total Long-Term Debt, including amounts due within one year (a) Exelon $ 35,685 $ 36,248 $ 2,569 $ 38,817 $ 35,424 $ 33,711 $ 2,158 $ 35,869 Generation 8,704 7,822 1,472 9,294 8,793 7,467 1,443 8,910 ComEd 8,195 9,222 — 9,222 8,101 8,390 — 8,390 PECO 3,085 3,415 50 3,465 3,084 3,157 50 3,207 BGE 2,877 3,197 — 3,197 2,876 2,950 — 2,950 PHI 6,509 5,823 1,047 6,870 6,259 5,436 665 6,101 Pepco 2,860 3,134 377 3,511 2,719 2,901 196 3,097 DPL 1,495 1,396 218 1,614 1,494 1,303 193 1,496 ACE 1,329 1,025 451 1,476 1,188 987 275 1,262 Long-Term Debt to Financing Trusts (a) Exelon $ 390 $ — $ 415 $ 415 $ 390 $ — $ 400 $ 400 ComEd 205 — 209 209 205 — 209 209 PECO 184 — 206 206 184 — 191 191 SNF Obligation Exelon $ 1,186 $ 1,025 $ — $ 1,025 $ 1,171 $ 949 $ — $ 949 Generation 1,186 1,025 — 1,025 1,171 949 — 949 ____ (a) |
Assets and liabilities measured and recorded at fair value on recurring basis | Recurring Fair Value Measurements The following tables present assets and liabilities measured and recorded at fair value in the Registrants' Consolidated Balance Sheets on a recurring basis and their level within the fair value hierarchy as of June 30, 2019 and December 31, 2018 : Exelon Generation As of June 30, 2019 Level 1 Level 2 Level 3 Not subject to leveling Total Level 1 Level 2 Level 3 Not subject to leveling Total Assets Cash equivalents (a) $ 648 $ — $ — $ — $ 648 $ 323 $ — $ — $ — $ 323 NDT fund investments Cash equivalents (b) 1,241 90 — — 1,331 1,241 90 — — 1,331 Equities 3,123 1,638 — 1,328 6,089 3,123 1,638 — 1,328 6,089 Fixed income Corporate debt — 1,453 247 — 1,700 — 1,453 247 — 1,700 U.S. Treasury and agencies 1,589 134 — — 1,723 1,589 134 — — 1,723 Foreign governments — 58 — — 58 — 58 — — 58 State and municipal debt — 81 — — 81 — 81 — — 81 Other (c) — 19 — 955 974 — 19 — 955 974 Fixed income subtotal 1,589 1,745 247 955 4,536 1,589 1,745 247 955 4,536 Exelon Generation As of June 30, 2019 Level 1 Level 2 Level 3 Not subject to leveling Total Level 1 Level 2 Level 3 Not subject to leveling Total Middle market lending — — 292 455 747 — — 292 455 747 Private equity — — — 379 379 — — — 379 379 Real estate — — — 557 557 — — — 557 557 NDT fund investments subtotal (d) 5,953 3,473 539 3,674 13,639 5,953 3,473 539 3,674 13,639 Rabbi trust investments Cash equivalents 49 — — — 49 4 — — — 4 Mutual funds 73 — — — 73 23 — — — 23 Fixed income — 13 — — 13 — — — — — Life insurance contracts — 72 40 — 112 — 23 — — 23 Rabbi trust investments subtotal 122 85 40 — 247 27 23 — — 50 Commodity derivative assets Economic hedges 505 2,148 1,875 — 4,528 505 2,148 1,875 — 4,528 Proprietary trading — 44 139 — 183 — 44 139 — 183 Effect of netting and allocation of collateral (e)(f) (646 ) (2,042 ) (965 ) — (3,653 ) (646 ) (2,042 ) (965 ) — (3,653 ) Commodity derivative assets subtotal (141 ) 150 1,049 — 1,058 (141 ) 150 1,049 — 1,058 Total assets 6,582 3,708 1,628 3,674 15,592 6,162 3,646 1,588 3,674 15,070 Liabilities Commodity derivative liabilities Economic hedges (743 ) (2,539 ) (1,606 ) — (4,888 ) (743 ) (2,539 ) (1,333 ) — (4,615 ) Proprietary trading — (44 ) (71 ) — (115 ) — (44 ) (71 ) — (115 ) Effect of netting and allocation of collateral (e)(f) 743 2,438 1,228 — 4,409 743 2,438 1,228 — 4,409 Commodity derivative liabilities subtotal — (145 ) (449 ) — (594 ) — (145 ) (176 ) — (321 ) Deferred compensation obligation — (137 ) — — (137 ) — (36 ) — — (36 ) Total liabilities — (282 ) (449 ) — (731 ) — (181 ) (176 ) — (357 ) Total net assets $ 6,582 $ 3,426 $ 1,179 $ 3,674 $ 14,861 $ 6,162 $ 3,465 $ 1,412 $ 3,674 $ 14,713 Exelon Generation As of December 31, 2018 Level 1 Level 2 Level 3 Not subject to leveling Total Level 1 Level 2 Level 3 Not subject to leveling Total Assets Cash equivalents (a) $ 1,243 $ — $ — $ — $ 1,243 $ 581 $ — $ — $ — $ 581 NDT fund investments Cash equivalents (b) 252 86 — — 338 252 86 — — 338 Equities 2,918 1,591 — 1,381 5,890 2,918 1,591 — 1,381 5,890 Fixed income Corporate debt — 1,593 230 — 1,823 — 1,593 230 — 1,823 U.S. Treasury and agencies 2,081 99 — — 2,180 2,081 99 — — 2,180 Foreign governments — 50 — — 50 — 50 — — 50 State and municipal debt — 149 — — 149 — 149 — — 149 Other (c) — 30 — 846 876 — 30 — 846 876 Fixed income subtotal 2,081 1,921 230 846 5,078 2,081 1,921 230 846 5,078 Middle market lending — — 313 367 680 — — 313 367 680 Private equity — — — 329 329 — — — 329 329 Real estate — — — 510 510 — — — 510 510 NDT fund investments subtotal (d) 5,251 3,598 543 3,433 12,825 5,251 3,598 543 3,433 12,825 Rabbi trust investments Cash equivalents 48 — — — 48 5 — — — 5 Mutual funds 72 — — — 72 24 — — — 24 Fixed income — 15 — — 15 — — — — — Life insurance contracts — 70 38 — 108 — 22 — — 22 Rabbi trust investments subtotal 120 85 38 — 243 29 22 — — 51 Commodity derivative assets Economic hedges 541 2,760 1,470 — 4,771 541 2,760 1,470 — 4,771 Proprietary trading — 69 77 — 146 — 69 77 — 146 Effect of netting and allocation of collateral (e)(f) (582 ) (2,357 ) (732 ) — (3,671 ) (582 ) (2,357 ) (732 ) — (3,671 ) Commodity derivative assets subtotal (41 ) 472 815 — 1,246 (41 ) 472 815 — 1,246 Total assets 6,573 4,155 1,396 3,433 15,557 5,820 4,092 1,358 3,433 14,703 Exelon Generation As of December 31, 2018 Level 1 Level 2 Level 3 Not subject to leveling Total Level 1 Level 2 Level 3 Not subject to leveling Total Liabilities Commodity derivative liabilities Economic hedges (642 ) (2,963 ) (1,276 ) — (4,881 ) (642 ) (2,963 ) (1,027 ) — (4,632 ) Proprietary trading — (73 ) (21 ) — (94 ) — (73 ) (21 ) — (94 ) Effect of netting and allocation of collateral (e)(f) 639 2,581 808 — 4,028 639 2,581 808 — 4,028 Commodity derivative liabilities subtotal (3 ) (455 ) (489 ) — (947 ) (3 ) (455 ) (240 ) — (698 ) Deferred compensation obligation — (137 ) — — (137 ) — (35 ) — — (35 ) Total liabilities (3 ) (592 ) (489 ) — (1,084 ) (3 ) (490 ) (240 ) — (733 ) Total net assets $ 6,570 $ 3,563 $ 907 $ 3,433 $ 14,473 $ 5,817 $ 3,602 $ 1,118 $ 3,433 $ 13,970 _________ (a) Exelon excludes cash of $447 million and $458 million at June 30, 2019 and December 31, 2018 , respectively, and restricted cash of $83 million and $80 million at June 30, 2019 and December 31, 2018 , respectively, and includes long-term restricted cash of $191 million and $185 million at June 30, 2019 and December 31, 2018 , respectively, which is reported in Other deferred debits in the Consolidated Balance Sheets. Generation excludes cash of $329 million and $283 million at June 30, 2019 and December 31, 2018 , respectively, and restricted cash of $45 million and $39 million at June 30, 2019 and December 31, 2018 , respectively. (b) Includes $75 million and $50 million of cash received from outstanding repurchase agreements at June 30, 2019 and December 31, 2018 , respectively, and is offset by an obligation to repay upon settlement of the agreement as discussed in (d) below. (c) Includes a derivative liability of $2 million and a derivative asset of $44 million , which have total notional amounts of $827 million and $1,432 million at June 30, 2019 and December 31, 2018 , respectively. The notional principal amounts for these instruments provide one measure of the transaction volume outstanding as of the fiscal years ended and do not represent the amount of Exelon and Generation's exposure to credit or market loss. (d) Excludes net liabilities of $141 million and $130 million at June 30, 2019 and December 31, 2018 , respectively. These items consist of receivables related to pending securities sales, interest and dividend receivables, repurchase agreement obligations, and payables related to pending securities purchases. The repurchase agreements are generally short-term in nature with durations generally of 30 days or less. (e) Collateral posted/(received) from counterparties totaled $97 million , $396 million and $263 million allocated to Level 1, Level 2 and Level 3 mark-to-market derivatives, respectively, as of June 30, 2019 . Collateral posted/(received) from counterparties, net of collateral paid to counterparties, totaled $57 million , $224 million and $76 million allocated to Level 1, Level 2 and Level 3 mark-to-market derivatives, respectively, as of December 31, 2018 . (f) Of the collateral posted/(received), $358 million and $(94) million represents variation margin on the exchanges as of June 30, 2019 and December 31, 2018 , respectively. As of June 30, 2019 , Exelon and Generation have outstanding commitments to invest in fixed income, middle market lending, private equity and real estate investments of approximately $121 million , $84 million , $396 million , and $252 million , respectively. These commitments will be funded by Generation’s existing NDT funds. Exelon and Generation hold investments without readily determinable fair values with carrying amounts of $75 million as of June 30, 2019 . Changes were immaterial in fair value, cumulative adjustments and impairments for the three and six months ended June 30, 2019 . Valuation Techniques Used to Determine Net Asset Value Certain NDT Fund Investments are not classified within the fair value hierarchy and are included under the heading “Not subject to leveling” in the table above. These investments are measured at fair value using NAV per share as a practical expedient and include commingled funds, mutual funds which are not publicly quoted, managed middle market funds, private equity and real estate funds. For commingled funds and mutual funds, which are not publicly quoted, the fair value is primarily derived from the quoted prices in active markets on the underlying securities and can typically be redeemed monthly with 30 or less days of notice and without further restrictions. For managed middle market funds, the fair value is determined using a combination of valuation models including cost models, market models, and income models and typically cannot be redeemed until maturity of the term loan. Private equity and real estate investments include those in limited partnerships that invest in operating companies and real estate holding companies that are not publicly traded on a stock exchange, such as, leveraged buyouts, growth capital, venture capital, distressed investments, investments in natural resources, and direct investments in pools of real estate properties. These investments typically cannot be redeemed and are generally liquidated over a period of 8 to 10 years from the initial investment date, which is based on Exelon’s understanding of the investment funds. Private equity and real estate valuations are reported by the fund manager and are based on the valuation of the underlying investments, which include inputs such as cost, operating results, discounted future cash flows, market based comparable data, and independent appraisals from sources with professional qualifications. These valuation inputs are unobservable. ComEd, PECO and BGE ComEd PECO BGE As of June 30, 2019 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets Cash equivalents (a) $ 222 $ — $ — $ 222 $ 9 $ — $ — $ 9 $ 1 $ — $ — $ 1 Rabbi trust investments Mutual funds — — — — 7 — — 7 7 — — 7 Life insurance contracts — — — — — 10 — 10 — — — — Rabbi trust investments subtotal — — — — 7 10 — 17 7 — — 7 Total assets 222 — — 222 16 10 — 26 8 — — 8 Liabilities Deferred compensation obligation — (7 ) — (7 ) — (8 ) — (8 ) — (5 ) — (5 ) Mark-to-market derivative liabilities (b) — — (273 ) (273 ) — — — — — — — — Total liabilities — (7 ) (273 ) (280 ) — (8 ) — (8 ) — (5 ) — (5 ) Total net assets (liabilities) $ 222 $ (7 ) $ (273 ) $ (58 ) $ 16 $ 2 $ — $ 18 $ 8 $ (5 ) $ — $ 3 ComEd PECO BGE As of December 31, 2018 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets Cash equivalents (a) $ 209 $ — $ — $ 209 $ 111 $ — $ — $ 111 $ 4 $ — $ — $ 4 Rabbi trust investments Mutual funds — — — — 7 — — 7 6 — — 6 Life insurance contracts — — — — — 10 — 10 — — — — Rabbi trust investments subtotal — — — — 7 10 — 17 6 — — 6 Total assets 209 — — 209 118 10 — 128 10 — — 10 Liabilities Deferred compensation obligation — (6 ) — (6 ) — (10 ) — (10 ) — (5 ) — (5 ) Mark-to-market derivative liabilities (b) — — (249 ) (249 ) — — — — — — — — Total liabilities — (6 ) (249 ) (255 ) — (10 ) — (10 ) — (5 ) — (5 ) Total net assets (liabilities) $ 209 $ (6 ) $ (249 ) $ (46 ) $ 118 $ — $ — $ 118 $ 10 $ (5 ) $ — $ 5 _________ (a) ComEd excludes cash of $65 million and $93 million at June 30, 2019 and December 31, 2018 , respectively, and restricted cash of $29 million and $28 million at June 30, 2019 and December 31, 2018 , respectively, and includes long-term restricted cash of $174 million and $166 million at June 30, 2019 and December 31, 2018 , respectively, which is reported in Other deferred debits in the Consolidated Balance Sheets. PECO excludes cash of $17 million and $24 million at June 30, 2019 and December 31, 2018 , respectively. BGE excludes cash of $7 million at both June 30, 2019 and December 31, 2018 , and restricted cash of $1 million and $2 million at June 30, 2019 and December 31, 2018 , respectively. (b) The Level 3 balance consists of the current and noncurrent liability of $29 million and $244 million , respectively, at June 30, 2019 , and $26 million and $223 million , respectively, at December 31, 2018 , related to floating-to-fixed energy swap contracts with unaffiliated suppliers. PHI, Pepco, DPL and ACE As of June 30, 2019 As of December 31, 2018 PHI Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets Cash equivalents (a) $ 87 $ — $ — $ 87 $ 147 $ — $ — $ 147 Rabbi trust investments Cash equivalents 44 — — 44 42 — — 42 Mutual funds 13 — — 13 13 — — 13 Fixed income — 13 — 13 — 15 — 15 Life insurance contracts — 23 40 63 — 22 38 60 Rabbi trust investments subtotal 57 36 40 133 55 37 38 130 Total assets 144 36 40 220 202 37 38 277 Liabilities Deferred compensation obligation — (19 ) — (19 ) — (21 ) — (21 ) Total liabilities — (19 ) — (19 ) — (21 ) — (21 ) Total net assets $ 144 $ 17 $ 40 $ 201 $ 202 $ 16 $ 38 $ 256 Pepco DPL ACE As of June 30, 2019 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets Cash equivalents (a) $ 40 $ — $ — $ 40 $ 1 $ — $ — $ 1 $ 19 $ — $ — $ 19 Rabbi trust investments Cash equivalents 43 — — 43 — — — — — — — — Fixed income — 3 — 3 — — — — — — — — Life insurance contracts — 23 39 62 — — — — — — — — Rabbi trust investments subtotal 43 26 39 108 — — — — — — — — Total assets 83 26 39 148 1 — — 1 19 — — 19 Liabilities Deferred compensation obligation — (2 ) — (2 ) — — — — — — — — Total liabilities — (2 ) — (2 ) — — — — — — — — Total net assets $ 83 $ 24 $ 39 $ 146 $ 1 $ — $ — $ 1 $ 19 $ — $ — $ 19 Pepco DPL ACE As of December 31, 2018 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets Cash equivalents (a) $ 38 $ — $ — $ 38 $ 16 $ — $ — $ 16 $ 23 $ — $ — $ 23 Rabbi trust investments Cash equivalents 41 — — 41 — — — — — — — — Fixed income — 5 — 5 — — — — — — — — Life insurance contracts — 22 37 59 — — — — — — — — Rabbi trust investments subtotal 41 27 37 105 — — — — — — — — Total assets 79 27 37 143 16 — — 16 23 — — 23 Liabilities Deferred compensation obligation — (3 ) — (3 ) — (1 ) — (1 ) — — — — Total liabilities — (3 ) — (3 ) — (1 ) — (1 ) — — — — Total net assets (liabilities) $ 79 $ 24 $ 37 $ 140 $ 16 $ (1 ) $ — $ 15 $ 23 $ — $ — $ 23 _________ (a) PHI excludes cash of $21 million and $39 million at June 30, 2019 and December 31, 2018 , respectively, and includes long-term restricted cash of $17 million and $19 million at June 30, 2019 and December 31, 2018 , respectively, which is reported in Other deferred debits in the Consolidated Balance Sheets. Pepco excludes cash of $12 million and $15 million at June 30, 2019 and December 31, 2018 , respectively. DPL excludes cash of $3 million and $8 million at June 30, 2019 and December 31, 2018 , respectively. ACE excludes cash of $4 million and $7 million at June 30, 2019 and December 31, 2018 , respectively, and includes long-term restricted cash of $17 million and $19 million at June 30, 2019 and December 31, 2018 , respectively, which is reported in Other deferred debits in the Consolidated Balance Sheets. |
Fair value reconciliation of Level 3 assets and liabilities measured at fair value on a recurring basis | The following tables present the fair value reconciliation of Level 3 assets and liabilities measured at fair value on a recurring basis during the three and six months ended June 30, 2019 and 2018 : Exelon Generation ComEd PHI and Pepco Three Months Ended June 30, 2019 Total NDT Fund Investments Mark-to-Market Derivatives Total Generation Mark-to-Market Derivatives Life Insurance Contracts Eliminated in Consolidation Balance as of March 31, 2019 $ 838 $ 540 $ 499 $ 1,039 $ (240 ) $ 39 $ — Total realized / unrealized gains (losses) Included in net income 275 2 272 (a) 274 — 1 — Included in noncurrent payables to affiliates — 10 — 10 — — (10 ) Included in regulatory assets/liabilities (23 ) — — — (33 ) (b) — 10 Change in collateral 106 — 106 106 — — — Purchases, sales, issuances and settlements Purchases 51 40 11 51 — — — Sales (1 ) — (1 ) (1 ) — — — Settlements (53 ) (53 ) — (53 ) — — — Transfers into Level 3 3 — 3 (c) 3 — — — Transfers out of Level 3 (17 ) — (17 ) (c) (17 ) — — — Balance at June 30, 2019 $ 1,179 $ 539 $ 873 $ 1,412 $ (273 ) $ 40 $ — The amount of total gains (losses) included in income attributed to the change in unrealized gains (losses) related to assets and liabilities as of June 30, 2019 $ 339 $ 1 $ 337 $ 338 $ — $ 1 $ — Exelon Generation ComEd PHI and Pepco Six Months Ended June 30, 2019 Total NDT Fund Investments Mark-to-Market Derivatives Total Generation Mark-to-Market Derivatives Life Insurance Contracts Eliminated in Consolidation Balance as of December 31, 2018 $ 907 $ 543 $ 575 $ 1,118 $ (249 ) $ 38 $ — Total realized / unrealized gains (losses) Included in net income 46 3 41 (a) 44 — 2 — Included in noncurrent payables to affiliates — 21 — 21 — — (21 ) Included in regulatory assets (3 ) — — — (24 ) (b) — 21 Change in collateral 187 — 187 187 — — — Purchases, sales, issuances and settlements Purchases 110 42 68 110 — — — Sales (1 ) — (1 ) (1 ) — — — Settlements (70 ) (70 ) — (70 ) — — — Transfers into Level 3 3 — 3 (c) 3 — — — Transfers out of Level 3 — — — (c) — — — — Balance as of June 30, 2019 $ 1,179 $ 539 $ 873 $ 1,412 $ (273 ) $ 40 $ — The amount of total gains (losses) included in income attributed to the change in unrealized gains (losses) related to assets and liabilities as of June 30, 2019 $ 191 $ 3 $ 186 $ 189 $ — $ 2 $ — __________ (a) Includes a reduction for the reclassification of $65 million and $145 million of realized gains due to the settlement of derivative contracts for the three and six months ended June 30, 2019 , respectively. (b) Includes $41 million of decreases in fair value and an increase for realized losses due to settlements of $8 million recorded in purchased power expense associated with floating-to-fixed energy swap contracts with unaffiliated suppliers for the three months ended June 30, 2019 . Includes $37 million of increases in fair value and an increase for realized losses due to settlements of $13 million recorded in purchased power expense associated with floating-to-fixed energy swap contracts with unaffiliated suppliers for the six months ended June 30, 2019 . (c) Transfers into and out of Level 3 generally occur when the contract tenor becomes less and more observable respectively, primarily due to changes in market liquidity or assumptions for certain commodity contracts. Exelon Generation ComEd PHI and Pepco Three Months Ended June 30, 2018 Total NDT Fund Investments Mark-to-Market Derivatives Total Generation Mark-to-Market Derivatives Life Insurance Contracts Eliminated in Consolidation Balance as of March 31, 2018 $ 1,283 $ 609 $ 918 $ 1,527 $ (267 ) $ 23 $ — Total realized / unrealized gains (losses) Included in net income (112 ) — (113 ) (a) (113 ) — 1 — Included in noncurrent payables to affiliates — (3 ) — (3 ) — — 3 Included in regulatory assets 12 — — — 15 (b) — (3 ) Change in collateral (49 ) — (49 ) (49 ) — — — Purchases, sales, issuances and settlements Purchases 30 17 13 30 — — — Sales (1 ) — (1 ) (1 ) — — — Settlements (26 ) (38 ) — (38 ) — 12 — Transfers into Level 3 (15 ) — (15 ) (c) (15 ) — — — Transfers out of Level 3 (16 ) — (16 ) (c) (16 ) — — — Balance as of June 30, 2018 $ 1,106 $ 585 $ 737 $ 1,322 $ (252 ) $ 36 $ — The amount of total gains (losses) included in income attributed to the change in unrealized gains (losses) related to assets and liabilities as of June 30, 2018 $ 3 $ (4 ) $ 7 $ 3 $ — $ — $ — Exelon Generation ComEd PHI and Pepco Six Months Ended June 30, 2018 Total NDT Fund Investments Mark-to-Market Derivatives Total Generation Mark-to-Market Derivatives Life Insurance Contracts Eliminated in Consolidation Balance as of December 31, 2017 $ 966 $ 648 $ 552 $ 1,200 $ (256 ) $ 22 $ — Total realized / unrealized gains (losses) Included in net income 74 1 71 (a) 72 — 2 — Included in noncurrent payables to affiliates — 3 — 3 — — (3 ) Included in regulatory assets 7 — — — 4 (b) — 3 Change in collateral 57 — 57 57 — — — Purchases, sales, issuances and settlements Purchases 119 19 100 119 — — — Sales (4 ) — (4 ) (4 ) — — — Settlements (74 ) (86 ) — (86 ) — 12 — Transfers into Level 3 (23 ) — (23 ) (c) (23 ) — — — Transfers out of Level 3 (16 ) — (16 ) (c) (16 ) — — — Balance as of June 30, 2018 $ 1,106 $ 585 $ 737 $ 1,322 $ (252 ) $ 36 $ — The amount of total gains (losses) included in income attributed to the change in unrealized gains (losses) related to assets and liabilities as of June 30, 2018 $ 259 $ (4 ) $ 263 $ 259 $ — $ — $ — __________ (a) Includes a reduction for the reclassification of $120 million and $192 million of realized gains due to the settlement of derivative contracts for the three and six months ended June 30, 2018 , respectively. (b) Includes $11 million of decreases in fair value and an increase for realized losses due to settlements of $4 million recorded in purchased power expense associated with floating-to-fixed energy swap contracts with unaffiliated suppliers for the three months ended June 30, 2018 . Includes $6 million of increases in fair value and an increase for realized losses due to settlements of $10 million recorded in purchased power expense associated with floating-to-fixed energy swap contracts with unaffiliated suppliers for the six months ended June 30, 2018 . (c) Transfers into and out of Level 3 generally occur when the contract tenor becomes less and more observable respectively, primarily due to changes in market liquidity or assumptions for certain commodity contracts. |
Total realized and unrealized gains (losses) included in income for Level 3 assets and liabilities measured at fair value on a recurring basis | The following tables present the income statement classification of the total realized and unrealized gains (losses) included in income for Level 3 assets and liabilities measured at fair value on a recurring basis during the three and six months ended June 30, 2019 and 2018 : Exelon Generation PHI and Pepco Operating Purchased Operating and Maintenance Other, net Operating Purchased Other, net Operating and Maintenance Total realized gains (losses) for the three months ended June 30, 2019 $ 275 $ (3 ) $ 1 $ 2 $ 275 $ (3 ) $ 2 $ 1 Total realized (losses) gains for the six months ended June 30, 2019 147 (106 ) 2 3 147 (106 ) 3 2 Total unrealized gains (losses) for the three months ended June 30, 2019 360 (23 ) 1 1 360 (23 ) 1 1 Total unrealized gains (losses) for the six months ended June 30, 2019 269 (83 ) 2 3 269 (83 ) 3 2 Exelon Generation PHI and Pepco Operating Purchased Operating and Maintenance Other, net Operating Revenues Purchased Power and Fuel Other, net Operating and Maintenance Total realized (losses) gains for the three months ended June 30, 2018 $ (191 ) $ 78 $ 1 $ — $ (191 ) $ 78 $ — $ 1 Total realized gains (losses) for the six months ended June 30, 2018 144 (73 ) 2 2 144 (73 ) 2 2 Total unrealized (losses) gains for the three months ended June 30, 2018 (71 ) 78 — (4 ) (71 ) 78 (4 ) — Total unrealized gains (losses) for the six months ended June 30, 2018 238 25 — (3 ) 238 25 (3 ) — |
Fair value reconciliation of Level 3 assets and liabilities measured at fair value on a recurring basis, valuation technique | The table below discloses the significant inputs to the forward curve used to value these positions. Type of trade Fair Value at June 30, 2019 Fair Value at December 31, 2018 Valuation Technique Unobservable Input 2019 Range 2018 Range Mark-to-market derivatives — Economic Hedges (Exelon and Generation) (a)(b) $ 542 $ 443 Discounted Forward power $10 - $118 $12 - $174 Forward gas $1.54 - $11.26 $0.78 - $12.38 Option Volatility 8% - 384% 10% - 277% Mark-to-market derivatives — Proprietary trading (Exelon and Generation) (a)(b) $ 68 $ 56 Discounted Forward power $10 - $118 $14 - $174 Mark-to-market derivatives (Exelon and ComEd) $ (273 ) $ (249 ) Discounted Forward heat (c) 9x - 10x 10x - 11x Marketability 4% - 7% 4% - 8% Renewable 88% - 119% 86% - 120% _________ (a) The valuation techniques, unobservable inputs and ranges are the same for the asset and liability positions. (b) The fair values do not include cash collateral posted on level three positions of $263 million and $76 million as of June 30, 2019 and December 31, 2018 , respectively. (c) Quoted forward natural gas rates are utilized to project the forward power curve for the delivery of energy at specified future dates. The natural gas curve is extrapolated beyond its observable period to the end of the contract’s delivery. |
Derivative Financial Instrume_2
Derivative Financial Instruments (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Derivative Instruments, Gain (Loss) [Line Items] | |
Summary of the derivative fair value | The following table provides a summary of the derivative fair value balances recorded by Generation, ComEd and Exelon as of June 30, 2019 and December 31, 2018 : June 30, 2019 Exelon Generation ComEd Derivatives Total Economic Hedges Proprietary Trading Collateral (a)(b) Netting (a) Subtotal Economic Hedges Mark-to-market derivative assets (current assets) $ 526 $ 2,910 $ 122 $ 218 $ (2,724 ) $ 526 $ — Mark-to-market derivative assets (noncurrent assets) 532 1,618 61 122 (1,269 ) 532 — Total mark-to-market derivative assets 1,058 4,528 183 340 (3,993 ) 1,058 — Mark-to-market derivative liabilities (current liabilities) (157 ) (3,039 ) (78 ) 265 2,724 (128 ) (29 ) Mark-to-market derivative liabilities (noncurrent liabilities) (437 ) (1,576 ) (37 ) 151 1,269 (193 ) (244 ) Total mark-to-market derivative liabilities (594 ) (4,615 ) (115 ) 416 3,993 (321 ) (273 ) Total mark-to-market derivative net assets (liabilities) $ 464 $ (87 ) $ 68 $ 756 $ — $ 737 $ (273 ) December 31, 2018 Exelon Generation ComEd Description Total Economic Proprietary Collateral Netting (a) Subtotal Economic Mark-to-market derivative assets $ 801 $ 3,505 $ 105 $ 121 $ (2,930 ) $ 801 $ — Mark-to-market derivative assets 445 1,266 41 51 (913 ) 445 — Total mark-to-market derivative assets 1,246 4,771 146 172 (3,843 ) 1,246 — Mark-to-market derivative liabilities (473 ) (3,429 ) (74 ) 125 2,931 (447 ) (26 ) Mark-to-market derivative liabilities (474 ) (1,203 ) (20 ) 60 912 (251 ) (223 ) Total mark-to-market derivative liabilities (947 ) (4,632 ) (94 ) 185 3,843 (698 ) (249 ) Total mark-to-market derivative net assets (liabilities) $ 299 $ 139 $ 52 $ 357 $ — $ 548 $ (249 ) _________ (a) Exelon and Generation net all available amounts allowed under the derivative authoritative guidance in the balance sheet. These amounts include unrealized derivative transactions with the same counterparty under legally enforceable master netting agreements and cash collateral. In some cases Exelon and Generation may have other offsetting exposures, subject to a master netting or similar agreement, such as trade receivables and payables, transactions that do not qualify as derivatives, letters of credit and other forms of non-cash collateral. These amounts are immaterial and not reflected in the table above. (b) Of the collateral posted/(received), $358 million and $(94) million represents variation margin on the exchanges at June 30, 2019 and December 31, 2018 respectively. |
Derivative Instruments, Gain (Loss) [Table Text Block] | For the three and six months ended June 30, 2019 and 2018 , Exelon and Generation recognized the following net pre-tax commodity mark-to-market gains (losses) which are also located in the Net fair value changes related to derivatives line in the Consolidated Statements of Cash Flows. Three Months Ended Six Months Ended 2019 2018 2019 2018 Income Statement Location Gain (Loss) Gain (Loss) Operating revenues $ 40 $ (7 ) $ (10 ) $ (107 ) Purchased power and fuel (114 ) 96 (84 ) (70 ) Total Exelon and Generation $ (74 ) $ 89 $ (94 ) $ (177 ) |
Credit-Risk Related Contingent | The following tables provide information on Generation’s credit exposure for all derivative instruments, NPNS and applicable payables and receivables, net of collateral and instruments that are subject to master netting agreements, as of June 30, 2019 . The tables further delineate that exposure by credit rating of the counterparties and provide guidance on the concentration of credit risk to individual counterparties. The figures in the tables below exclude credit risk exposure from individual retail counterparties, nuclear fuel procurement contracts and exposure through RTOs, ISOs, NYMEX, ICE, NASDAQ, NGX and Nodal commodity exchanges. Additionally, the figures in the tables below exclude exposures with affiliates, including net receivables with ComEd, PECO, BGE, Pepco, DPL and ACE of $70 million , $30 million , $32 million , $39 million , $15 million and $8 million as of June 30, 2019 , respectively. Rating as of June 30, 2019 Total Exposure Before Credit Collateral Credit Collateral (a) Net Exposure Number of Counterparties Greater than 10% of Net Exposure Net Exposure of Counterparties Greater than 10% of Net Exposure Investment grade $ 859 $ 12 $ 847 2 $ 249 Non-investment grade 30 11 19 No external ratings Internally rated — investment grade 204 1 203 Internally rated — non-investment grade 117 11 106 Total $ 1,210 $ 35 $ 1,175 2 $ 249 Net Credit Exposure by Type of Counterparty As of Financial institutions $ 3 Investor-owned utilities, marketers, power producers 810 Energy cooperatives and municipalities 302 Other 60 Total $ 1,175 _________ (a) As of June 30, 2019 , credit collateral held from counterparties where Generation had credit exposure included $25 million of cash and $9 million of letters of credit. The credit collateral does not include non-liquid collateral. |
Fair Value of Derivatives with Credit- Risk Related Contingent Features [Table Text Block] [Table Text Block] | The aggregate fair value of all derivative instruments with credit-risk related contingent features in a liability position that are not fully collateralized (excluding transactions on the exchanges that are fully collateralized) is detailed in the table below: Credit-Risk Related Contingent Features June 30, 2019 December 31, 2018 Gross fair value of derivative contracts containing this feature (a) $ (1,119 ) $ (1,723 ) Offsetting fair value of in-the-money contracts under master netting arrangements (b) 824 1,105 Net fair value of derivative contracts containing this feature (c) $ (295 ) $ (618 ) _________ (a) Amount represents the gross fair value of out-of-the-money derivative contracts containing credit-risk related contingent features ignoring the effects of master netting agreements. (b) Amount represents the offsetting fair value of in-the-money derivative contracts under legally enforceable master netting agreements with the same counterparty, which reduces the amount of any liability for which a Registrant could potentially be required to post collateral. (c) Amount represents the net fair value of out-of-the-money derivative contracts containing credit-risk related contingent features after considering the mitigating effects of offsetting positions under master netting arrangements and reflects the actual net liability upon which any potential contingent collateral obligations would be based. |
Cash Collateral and Letters of Credit on Derivative Contracts [Table Text Block] | As of June 30, 2019 and December 31, 2018 , Exelon and Generation posted or held the following amounts of cash collateral and letters of credit on derivative contracts with external counterparties, after giving consideration to offsetting derivative and non-derivative positions under master netting agreements. June 30, 2019 December 31, 2018 Cash collateral posted $ 781 $ 418 Letters of credit posted 228 367 Cash collateral held 64 47 Letters of credit held 21 44 Additional collateral required in the event of a credit downgrade below investment grade 1,513 2,104 |
Debt and Credit Agreements (Tab
Debt and Credit Agreements (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Debt Disclosure [Abstract] | |
Commercial Paper Borrowings | The following table reflects the Registrants' commercial paper programs as of June 30, 2019 and December 31, 2018 . Generation and PECO had no commercial paper borrowings as of both June 30, 2019 and December 31, 2018 . Outstanding Commercial Average Interest Rate on Commercial Paper Issuer June 30, 2019 December 31, 2018 June 30, 2019 December 31, 2018 Exelon $ 559 $ 89 2.60 % 2.15 % ComEd 303 — 2.59 % 2.14 % BGE 229 35 2.58 % 2.18 % PHI 27 54 2.61 % 2.15 % PEPCO — 40 2.62 % 2.24 % DPL — — 2.55 % 2.07 % ACE 27 14 2.61 % 2.21 % |
Schedule of Long-term Debt Instruments [Table Text Block] | During the six months ended June 30, 2019 , the following long-term debt was issued: Company Type Interest Rate Maturity Amount Use of Proceeds Generation Energy Efficiency Project Financing 3.95 % August 31, 2020 $ 2 Funding to install energy conservation measures for the Fort Meade project. Generation Energy Efficiency Project Financing 3.46 % May 1, 2020 $ 39 Funding to install energy conservation measures for the Marine Corps. Logistics Project. ComEd First Mortgage Bonds, Series 126 4.00 % March 1, 2049 $ 400 Repay a portion of ComEd’s outstanding commercial paper obligations and fund other general corporate purposes. Pepco First Mortgage Bonds 3.45 % June 13, 2029 $ 150 Repay existing indebtedness and for general corporate purposes Pepco Unsecured Tax-Exempt Bonds 1.70 % September 1, 2022 $ 110 Repay existing indebtedness and for general corporate purposes ACE First Mortgage Bonds 3.50 % May 21, 2029 $ 100 Repay existing indebtedness and for general corporate purposes ACE First Mortgage Bonds 4.14 % May 21, 2049 $ 50 Repay existing indebtedness and for general corporate purposes |
Income Taxes (Tables)
Income Taxes (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Income Tax Disclosure [Abstract] | |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | The effective income tax rate from continuing operations varies from the U.S. Federal statutory rate principally due to the following: Three Months Ended June 30, 2019 Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE U.S. Federal statutory rate 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% Increase (decrease) due to: State income taxes, net of Federal income tax benefit 5.4 5.5 8.2 (1.2) 6.5 4.8 2.0 7.0 7.0 Qualified NDT fund income 5.1 16.2 — — — — — — — Amortization of investment tax credit, including deferred taxes on basis difference (0.7) (1.9) (0.2) — (0.1) (0.2) (0.1) (0.2) (0.3) Plant basis differences (1.7) — (0.6) (5.9) (1.5) (1.7) (2.1) (0.3) (2.2) Production tax credits and other credits (0.9) (2.8) — — (0.1) — — — — Noncontrolling interests 0.1 0.4 — — — — — — — Excess deferred tax amortization (7.8) — (9.0) (2.7) (7.9) (19.4) (18.3) (15.7) (23.1) Other 1.9 0.2 0.4 0.1 1.7 0.9 0.5 — (2.4) Effective income tax rate 22.4% 38.6% 19.8% 11.3% 19.6% 5.4% 3.0% 11.8% —% Three Months Ended June 30, 2018 Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE U.S. Federal statutory rate 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% Increase (decrease) due to: State income taxes, net of Federal income tax benefit 3.4 4.3 8.1 (3.4) 6.5 6.2 4.7 6.5 7.6 Qualified NDT fund income 0.2 0.5 — — — — — — — Amortization of investment tax credit, including deferred taxes on basis difference (0.9) (2.4) (0.2) (0.1) (0.2) (0.2) (0.1) (0.3) (0.3) Plant basis differences (3.0) — (0.1) (17.2) (0.7) (1.2) (2.0) — (0.2) Production tax credits and other credits (1.7) (4.9) (0.1) — — — — — — Noncontrolling interests (1.5) (4.5) — — — — — — — Excess deferred tax amortization (5.2) — (7.6) (0.3) (7.2) (11.3) (11.7) (11.2) (8.8) Tax Cuts and Jobs Act of 2017 (1.3) (1.7) (0.7) — 0.1 0.8 — — — Other (0.2) (1.3) 0.4 (1.1) 0.8 (0.1) (0.4) 0.1 0.7 Effective income tax rate 10.8% 11.0% 20.8% (1.1)% 20.3% 15.2% 11.5% 16.1% 20.0% Six Months Ended June 30, 2019 Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE U.S. Federal statutory rate 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% Increase (decrease) due to: State income taxes, net of Federal income tax benefit 4.4 3.6 8.2 0.2 6.4 4.7 2.0 6.7 6.9 Qualified NDT fund income 6.5 14.7 — — — — — — — Amortization of investment tax credit, including deferred taxes on basis difference (0.6) (1.1) (0.2) — (0.1) (0.2) (0.1) (0.2) (0.3) Plant basis differences (1.5) — (0.6) (6.4) (1.0) (1.7) (2.0) (0.6) (2.2) Production tax credits and other credits (0.8) (1.8) — — — — — — — Noncontrolling interests (0.3) (0.8) — — — — — — — Excess deferred tax amortization (5.8) — (8.8) (2.6) (7.9) (19.4) (18.1) (15.6) (23.4) Other 0.7 (0.4) 0.2 (0.1) 0.2 0.3 0.5 0.4 2.0 Effective income tax rate 23.6% 35.2% 19.8% 12.1% 18.6% 4.7% 3.3% 11.7% 4.0% Six Months Ended June 30, 2018 Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE U.S. Federal statutory rate 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% 21.0% Increase (decrease) due to: State income taxes, net of Federal income tax benefit 3.8 3.4 8.1 (3.6) 6.4 5.5 3.7 6.4 7.2 Qualified NDT fund income (0.1) (0.4) — — — — — — — Amortization of investment tax credit, including deferred taxes on basis difference (1.1) (3.3) (0.2) (0.1) (0.1) (0.2) (0.1) (0.3) (0.3) Plant basis differences (2.8) — — (15.6) (0.7) (1.8) (2.5) (0.7) (1.3) Production tax credits and other credits (2.3) (7.2) (0.1) — — — — — — Noncontrolling interests (1.1) (3.5) — — — — — — — Excess deferred tax amortization (5.6) — (7.5) (2.7) (8.2) (11.0) (12.1) (9.4) (8.8) Tax Cuts and Jobs Act of 2017 (0.6) (0.9) (0.3) — — 0.5 — — — Other (1.7) (1.3) 0.1 (0.4) 0.2 (0.1) (0.4) 0.4 (1.1) Effective income tax rate 9.5% 7.8% 21.1% (1.4)% 18.6% 13.9% 9.6% 17.4% 16.7% |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | The Registrants have the following unrecognized tax benefits as of June 30, 2019 and December 31, 2018 : Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE June 30, 2019 $ 448 $ 411 $ — $ — $ — $ 45 $ — $ — $ 14 December 31, 2018 $ 477 $ 408 $ 2 $ — $ — $ 45 $ — $ — $ 14 |
Nuclear Decommissioning (Tables
Nuclear Decommissioning (Tables) | 6 Months Ended | |
Jun. 30, 2019 | ||
Schedule Of Nuclear Decommissioning [Line Items] | ||
Schedule of Change in Asset Retirement Obligation [Table Text Block] | The following table provides a rollforward of the nuclear decommissioning ARO reflected in Exelon’s and Generation’s Consolidated Balance Sheets from December 31, 2018 to June 30, 2019 : Nuclear decommissioning ARO at December 31, 2018 (a)(b) $ 10,005 Accretion expense 243 Net increase due to changes in, and timing of, estimated future cash flows 232 Costs incurred related to decommissioning plants (43 ) Nuclear decommissioning ARO at June 30, 2019 (a)(b) $ 10,437 _________ (a) Includes $99 million and $22 million as the current portion of the ARO at June 30, 2019 and December 31, 2018 , respectively, which is included in Other current liabilities in Exelon’s and Generation’s Consolidated Balance Sheets. (b) Includes $755 million and $772 million of ARO related to Oyster Creek which is classified as Liabilities held for sale in Exelon's and Generation's Consolidated Balance Sheets at June 30, 2019 and December 31, 2018 , respectively. See Note 3 — Mergers, Acquisitions and Dispositions for additional information. | [1] |
[1] | Includes $99 million and $22 million as the current portion of the ARO at June 30, 2019 and December 31, 2018 , respectively, which is included in Other current liabilities in Exelon’s and Generation’s Consolidated Balance Sheets. |
Retirement Benefits (Tables)
Retirement Benefits (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Retirement Benefits [Abstract] | |
Calculation of Net Periodic Benefit Costs | A portion of the net periodic benefit cost for all plans is capitalized within the Consolidated Balance Sheets. The following table presents the components of Exelon's net periodic benefit costs, prior to capitalization, for the three and six months ended June 30, 2019 and 2018 . Pension Benefits Other Postretirement Benefits 2019 2018 2019 2018 Components of net periodic benefit cost: Service cost $ 89 $ 102 $ 24 $ 28 Interest cost 221 200 47 44 Expected return on assets (306 ) (313 ) (38 ) (43 ) Amortization of: Prior service benefit — — (44 ) (47 ) Actuarial loss 103 157 10 16 Settlement charges — 1 — — Net periodic benefit cost $ 107 $ 147 $ (1 ) $ (2 ) Pension Benefits Other Postretirement Benefits 2019 2018 2019 2018 Components of net periodic benefit cost: Service cost $ 178 $ 202 $ 47 $ 56 Interest cost 442 401 94 88 Expected return on assets (612 ) (626 ) (77 ) (87 ) Amortization of: Prior service cost (benefit) — 1 (89 ) (93 ) Actuarial loss 206 314 23 33 Settlement charges — 1 — — Net periodic benefit cost $ 214 $ 293 $ (2 ) $ (3 ) |
Allocated Portion of Pension and Postretirement Benefit Costs | The amounts below represent Exelon's, Generation's, ComEd's, PECO's, BGE's, PHI's, Pepco's, DPL's, and ACE's pension and postretirement benefit plan costs. For Exelon, the service cost component is included in Operating and maintenance expense and Property, plant and equipment, net, for the three and six months ended June 30, 2019 and 2018 , while the non-service cost components are included in Other, net and Regulatory assets for the three and six months ended June 30, 2019 and 2018 . For the Registrants other than Exelon, the service cost and non-service cost components are included in Operating and maintenance expense and Property, plant and equipment, net in their consolidated financial statements for the three and six months ended June 30, 2019 and 2018 . Three Months Ended June 30, Six Months Ended June 30, Pension and Other Postretirement Benefit Costs 2019 2018 2019 2018 Exelon $ 106 $ 145 $ 212 $ 290 Generation 31 51 62 100 ComEd 23 44 47 88 PECO 3 5 5 10 BGE 16 15 30 30 PHI 24 17 48 34 Pepco 6 3 12 8 DPL 4 2 8 3 ACE 4 3 8 6 |
Defined Contribution Savings Plans | Defined Contribution Savings Plans The Registrants participate in various 401(k) defined contribution savings plans that are sponsored by Exelon. The plans are qualified under applicable sections of the IRC and allow employees to contribute a portion of their pre-tax and/or after-tax income in accordance with specified guidelines. All Registrants match a percentage of the employee contributions up to certain limits. The following table presents the matching contributions to the savings plans during the three and six months ended June 30, 2019 and 2018 , respectively. Three Months Ended June 30, Six Months Ended June 30, Savings Plan Matching Contributions 2019 2018 2019 2018 Exelon $ 33 $ 50 $ 64 $ 82 Generation 14 28 28 43 ComEd 9 8 16 15 PECO 2 2 5 4 BGE 2 2 4 4 PHI 3 3 6 6 Pepco 1 1 2 2 DPL 1 1 1 1 ACE — — 1 1 |
Changes in Accumulated Other _2
Changes in Accumulated Other Comprehensive Income (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Changes in Accumulated Other Comprehensive Income [Abstract] | |
Schedule of Accumulated Other Comprehensive Income (Loss) | The following tables present changes in accumulated other comprehensive income (loss) (AOCI) by component for the six months ended June 30, 2019 and 2018 : Six Months Ended June 30, 2019 Losses on Cash Flow Hedges Pension and Non-Pension Postretirement Benefit Plan Items Foreign Currency Items AOCI of Investments in Unconsolidated Affiliates Total Exelon (a) Beginning balance $ (2 ) $ (2,960 ) $ (33 ) $ — $ (2,995 ) OCI before reclassifications — (39 ) 4 (2 ) (37 ) Amounts reclassified from AOCI (b) — 42 — — 42 Net current-period OCI — 3 4 (2 ) 5 Ending balance $ (2 ) $ (2,957 ) $ (29 ) $ (2 ) $ (2,990 ) Generation (a) Beginning balance $ (4 ) $ — $ (33 ) $ (1 ) $ (38 ) OCI before reclassifications — — 4 (2 ) 2 Amounts reclassified from AOCI — — — — — Net current-period OCI — — 4 (2 ) 2 Ending balance $ (4 ) $ — $ (29 ) $ (3 ) $ (36 ) Six Months Ended June 30, 2018 Gains (Losses) on Cash Flow Hedges Unrealized gains (losses) on Marketable Securities Pension and Non-Pension Postretirement Benefit Plan Items Foreign Currency Items AOCI of Investments in Unconsolidated Affiliates Total Exelon (a) Beginning balance $ (14 ) $ 10 $ (2,998 ) (d) $ (23 ) $ (1 ) $ (3,026 ) OCI before reclassifications 13 — 20 (6 ) 1 28 Amounts reclassified from AOCI (b) (1 ) — 88 — — 87 Net current-period OCI 12 — 108 (6 ) 1 115 Impact of adoption of Recognition and Measurement of Financial Assets and Liabilities standard (c) — (10 ) — — — (10 ) Ending balance $ (2 ) $ — $ (2,890 ) $ (29 ) $ — $ (2,921 ) Generation (a) Beginning balance $ (16 ) $ 3 $ — $ (23 ) $ (1 ) $ (37 ) OCI before reclassifications 13 — — (6 ) 1 8 Amounts reclassified from AOCI (1 ) — — — — (1 ) Net current-period OCI 12 — — (6 ) 1 7 Impact of adoption of Recognition and Measurement of Financial Assets and Liabilities standard (c) — (3 ) — — — (3 ) Ending balance $ (4 ) $ — $ — $ (29 ) $ — $ (33 ) _________ (a) All amounts are net of tax and noncontrolling interests. Amounts in parenthesis represent a decrease in AOCI. (b) See next tables for details about these reclassifications. (c) Exelon prospectively adopted the new standard Recognition and Measurement of Financial Assets and Liabilities. The standard was adopted as of January 1, 2018, which resulted in an increase to Retained earnings and Accumulated other comprehensive loss of $10 million and $3 million for Exelon and Generation, respectively. The amounts reclassified related to Rabbi Trusts. See Note 1 — Significant Accounting Policies of the Exelon 2018 Form 10-K for additional information. (d) Exelon early adopted the new standard Reclassification of Certain Tax Effects from AOCI. The standard was adopted retrospectively as of December 31, 2017, which resulted in an increase to Exelon’s Retained earnings and Accumulated other comprehensive loss of $539 million , primarily related to deferred income taxes associated with Exelon’s pension and OPEB obligations. See Note 1 — Significant Accounting Policies of the Exelon 2018 Form 10-K for additional information. |
Reclassification out of Accumulated Other Comprehensive Income | ComEd, PECO, BGE, PHI, Pepco, DPL and ACE did not have any reclassifications out of AOCI to Net income during the three and six months ended June 30, 2019 and 2018 . The following tables present amounts reclassified out of AOCI to Net income for Exelon during the three and six months ended June 30, 2019 and 2018 . Three Months Ended June 30, 2019 Details about AOCI components Items reclassified out of AOCI (a) Affected line item in the Statement of Operations and Comprehensive Income Exelon Amortization of pension and other postretirement benefit plan items Prior service costs (b) $ 22 Actuarial losses (b) (49 ) (27 ) Total before tax 7 Tax benefit $ (20 ) Net of tax Six Months Ended June 30, 2019 Details about AOCI components Items reclassified out of AOCI (a) Affected line item in the Statement of Operations and Comprehensive Income Exelon Amortization of pension and other postretirement benefit plan items Prior service costs (b) $ 44 Actuarial losses (b) (100 ) (56 ) Total before tax 14 Tax benefit $ (42 ) Net of tax Three Months Ended June 30, 2018 Details about AOCI components Items reclassified out of AOCI (a) Affected line item in the Statement of Operations and Comprehensive Income Exelon Amortization of pension and other postretirement benefit plan items Prior service costs (b) $ 23 Actuarial losses (b) (83 ) (60 ) Total before tax 16 Tax benefit $ (44 ) Net of tax Six Months Ended June 30, 2018 Details about AOCI components Items reclassified out of AOCI (a) Affected line item in the Statement of Operations and Comprehensive Income Exelon Amortization of pension and other postretirement benefit plan items Prior service costs (b) $ 46 Actuarial losses (b) (166 ) (120 ) Total before tax 32 Tax benefit $ (88 ) Net of tax _________ (a) Amounts in parenthesis represent a decrease in net income. (b) This AOCI component is included in the computation of net periodic pension and OPEB cost. See Note 14 — Retirement Benefits for additional information. |
Schedule Of Other Comprehensive Income Loss Tax | The following table presents income tax benefit (expense) allocated to each component of other comprehensive income (loss) during the three and six months ended June 30, 2019 and 2018 : Three Months Ended June 30, Six Months Ended 2019 2018 2019 2018 Exelon Pension and non-pension postretirement benefit plans: Prior service benefit reclassified to periodic benefit cost $ 6 $ 6 $ 12 $ 12 Actuarial loss reclassified to periodic benefit cost (13 ) (22 ) (26 ) (44 ) Pension and non-pension postretirement benefit plans valuation adjustment — 1 14 (6 ) Change in unrealized loss on cash flow hedges — (1 ) — (4 ) Change in unrealized gain (loss) on investments in unconsolidated affiliates 1 — 1 (1 ) Total $ (6 ) $ (16 ) $ 1 $ (43 ) Generation Change in unrealized gain (loss) on cash flow hedges $ — $ (1 ) $ — $ (4 ) Change in unrealized gain (loss) on investments in unconsolidated affiliates 1 — 1 (1 ) Total $ 1 $ (1 ) $ 1 $ (5 ) |
Commitments and Contingencies_2
Commitments and Contingencies (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Commitments And Contingencies Tables Disclosure [Line Items] | |
Other Commitments | The Registrants’ commercial commitments as of June 30, 2019 , representing commitments potentially triggered by future events were as follows: Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE Letters of credit $ 1,315 $ 1,283 $ 7 $ — $ 9 $ 10 $ 10 $ — $ — Surety bonds (a) 1,492 1,271 52 9 17 39 31 4 3 Financing trust guarantees 378 — 200 178 — — — — — Guaranteed lease residual values (b) 26 — — — — 26 9 11 7 Total commercial commitments $ 3,211 $ 2,554 $ 259 $ 187 $ 26 $ 75 $ 50 $ 15 $ 10 _________ (a) Surety bonds—Guarantees issued related to contract and commercial agreements, excluding bid bonds. (b) Represents the maximum potential obligation in the event that the fair value of certain leased equipment and fleet vehicles is zero at the end of the maximum lease term. The lease term associated with these assets ranges from 1 to 8 years . The maximum potential obligation at the end of the minimum lease term would be $68 million , $23 million of which is a guarantee by Pepco, $28 million by DPL and $17 million by ACE. Historically, payments under the guarantees have not been made and PHI believes the likelihood of payments being required under the guarantees is remote. The following amounts represent total commitment costs for Exelon, PHI, Pepco, DPL and ACE that have been recorded since the acquisition date and the remaining obligations as of June 30, 2019 : Description Expected Payment Period Exelon PHI Pepco DPL ACE Rate credits 2016 - 2021 $ 264 $ 264 $ 91 $ 72 $ 101 Energy efficiency 2016 - 2021 117 — — — — Charitable contributions 2016 - 2026 50 50 28 12 10 Delivery system modernization Q2 2017 22 — — — — Green sustainability fund Q2 2017 14 — — — — Workforce development 2016 - 2020 17 — — — — Other 29 6 1 5 — Total commitments $ 513 $ 320 $ 120 $ 89 $ 111 Remaining commitments $ 116 $ 86 $ 69 $ 11 $ 6 |
Accrued environmental liabilities | As of June 30, 2019 and December 31, 2018 , the Registrants had accrued the following undiscounted amounts for environmental liabilities in Other current liabilities and Other deferred credits and other liabilities within their respective Consolidated Balance Sheets: June 30, 2019 Total environmental investigation and remediation reserve Portion of total related to MGP investigation and remediation Exelon $ 482 $ 345 Generation 107 — ComEd 318 318 PECO 25 24 BGE 5 3 PHI 27 — Pepco 24 — DPL 1 — ACE 1 — December 31, 2018 Total environmental investigation and remediation reserve Portion of total related to MGP investigation and remediation Exelon $ 496 $ 356 Generation 108 — ComEd 329 327 PECO 27 25 BGE 5 4 PHI 27 — Pepco 25 — DPL 1 — ACE 1 — |
Supplemental Financial Inform_2
Supplemental Financial Information (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Supplemental Financial Information [Abstract] | |
Taxes Other Than Income | The following tables provide additional information about material items recorded in the Registrants' Consolidated Statements of Operations and Comprehensive Income. Taxes other than income Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE Three Months Ended June 30, 2019 Utility taxes (a) $ 209 $ 32 $ 55 $ 30 $ 21 $ 71 $ 67 $ 4 $ — Property 148 68 9 4 37 30 21 8 1 Payroll 61 30 7 4 4 7 2 1 1 Three Months Ended June 30, 2018 Utility taxes (a) $ 218 $ 29 $ 60 $ 30 $ 21 $ 78 $ 73 $ 5 $ — Property 135 65 8 4 34 24 15 8 1 Payroll 65 34 7 4 4 6 2 1 1 Six Months Ended June 30, 2019 Utility taxes (a) $ 432 $ 58 $ 118 $ 63 $ 48 $ 145 $ 136 $ 9 $ — Property 296 138 15 8 75 60 43 16 1 Payroll 127 64 14 7 8 14 3 2 2 Six Months Ended June 30, 2018 Utility taxes (a) $ 452 $ 60 $ 121 $ 63 $ 47 $ 161 $ 151 $ 10 $ — Property 271 134 15 7 69 46 29 16 1 Payroll 133 68 14 8 8 14 3 2 2 _________ (a) Generation’s utility tax represents gross receipts tax related to its retail operations, and the Utility Registrants' utility taxes represents municipal and state utility taxes and gross receipts taxes related to their operating revenues. The offsetting collection of utility taxes from customers is recorded in revenues in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. |
Schedule of Other Nonoperating Income, by Component | Other, Net Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE Three Months Ended June 30, 2019 Decommissioning-related activities: Net realized income on NDT funds (a) Regulatory agreement units $ 77 $ 77 $ — $ — $ — $ — $ — $ — $ — Non-regulatory agreement units 230 230 — — — — — — — Net unrealized (losses) gains on NDT funds Regulatory agreement units 98 98 — — — — — — — Non-regulatory agreement units (98 ) (98 ) — — — — — — — Regulatory offset to NDT fund-related activities (b) (141 ) (141 ) — — — — — — — Decommissioning-related activities 166 166 — — — — — — — AFUDC — Equity 21 — 4 3 5 9 6 1 2 Non-service net periodic benefit cost 5 — — — — — — — — Three Months Ended June 30, 2018 Decommissioning-related activities: Net realized income on NDT funds (a) Regulatory agreement units $ 216 $ 216 $ — $ — $ — $ — $ — $ — $ — Non-regulatory agreement units 143 143 — — — — — — — Net unrealized losses on NDT funds Regulatory agreement units (194 ) (194 ) — — — — — — — Non-regulatory agreement units (120 ) (120 ) — — — — — — — Regulatory offset to NDT fund-related activities (b) (23 ) (23 ) — — — — — — — Decommissioning-related activities 22 22 — — — — — — — AFUDC — Equity 13 — 2 — 4 7 6 1 — Non-service net periodic benefit cost (11 ) — — — — — — — — Other, Net Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE Six Months Ended June 30, 2019 Decommissioning-related activities: Net realized income on NDT funds (a) Regulatory agreement units $ 131 $ 131 $ — $ — $ — $ — $ — $ — $ — Non-regulatory agreement units 283 283 — — — — — — — Net unrealized gains on NDT funds Regulatory agreement units 476 476 — — — — — — — Non-regulatory agreement units 182 182 — — — — — — — Regulatory offset to NDT fund-related activities (b) (487 ) (487 ) — — — — — — — Decommissioning-related activities 585 585 — — — — — — — AFUDC — Equity 43 — 9 6 10 18 12 2 4 Non-service net periodic benefit cost 10 — — — — — — — — Six Months Ended June 30, 2018 Decommissioning-related activities: Net realized income on NDT funds (a) Regulatory agreement units $ 262 $ 262 $ — $ — $ — $ — $ — $ — $ — Non-regulatory agreement units 199 199 — — — — — — — Net unrealized losses on NDT funds Regulatory agreement units (268 ) (268 ) — — — — — — — Non-regulatory agreement units (215 ) (215 ) — — — — — — — Regulatory offset to NDT fund-related activities (b) (1 ) (1 ) — — — — — — — Decommissioning-related activities (23 ) (23 ) — — — — — — — AFUDC — Equity 31 — 8 2 8 13 12 1 — Non-service net periodic benefit cost (21 ) — — — — — — — — _________ (a) Realized income includes interest, dividends and realized gains and losses on sales of NDT fund investments. (b) Includes the elimination of decommissioning-related activities for the Regulatory Agreement Units, including the elimination of income taxes related to all NDT fund activity for those units. See Note 15 — Asset Retirement Obligations of the Exelon 2018 Form 10-K for additional information regarding the accounting for nuclear decommissioning. |
Cash Flow Supplemental Disclosures | The following tables provide additional information about material items recorded in the Registrants' Consolidated Statements of Cash Flows. Depreciation, amortization and accretion Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE Six Months Ended June 30, 2019 Property, plant and equipment (a) $ 1,859 $ 789 $ 439 $ 149 $ 173 $ 266 $ 117 $ 71 $ 57 Amortization of regulatory assets (a) 266 — 69 15 79 103 69 20 14 Amortization of intangible assets, net (a) 29 25 — — — — — — — Amortization of energy contract assets and liabilities (b) 5 5 — — — — — — — Nuclear fuel (c) 513 513 — — — — — — — ARO accretion (d) 250 248 — — — — — — — Total depreciation, amortization and accretion $ 2,922 $ 1,580 $ 508 $ 164 $ 252 $ 369 $ 186 $ 91 $ 71 Six Months Ended June 30, 2018 Property, plant and equipment (a) $ 1,873 $ 890 $ 406 $ 135 $ 164 $ 236 $ 107 $ 64 $ 47 Amortization of regulatory assets (a) 278 — 53 14 84 127 81 24 22 Amortization of intangible assets, net (a) 28 24 — — — — — — — Amortization of energy contract assets and liabilities (b) 10 10 — — — — — — — Nuclear fuel (c) 569 569 — — — — — — — ARO accretion (d) 242 242 — — — — — — — Total depreciation, amortization and accretion $ 3,000 $ 1,735 $ 459 $ 149 $ 248 $ 363 $ 188 $ 88 $ 69 _________ (a) Included in Depreciation and amortization in the Registrants' Consolidated Statements of Operations and Comprehensive Income. (b) Included in Operating revenues or Purchased power and fuel expense in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. (c) Included in Purchased power and fuel expense in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. (d) Included in Operating and maintenance expense in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. Other non-cash operating activities Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE Six Months Ended June 30, 2019 Pension and non-pension postretirement benefit costs $ 212 $ 62 $ 47 $ 5 $ 29 $ 48 $ 12 $ 8 $ 8 Provision for uncollectible accounts 45 12 16 10 4 3 2 1 — Other decommissioning-related activity (a) (260 ) (261 ) — — — — — — — Energy-related options (b) 43 43 — — — — — — — Amortization of rate stabilization deferral (10 ) — — — — (10 ) (8 ) (2 ) — Discrete impacts from EIMA and FEJA (c) 24 — 24 — — — — — — Long-term incentive plan 35 — — — — — — — — Amortization of operating ROU asset 115 78 1 — 15 17 4 5 2 Six Months Ended June 30, 2018 Pension and non-pension postretirement benefit costs $ 290 $ 100 $ 88 $ 10 $ 29 $ 34 $ 8 $ 3 $ 6 Provision for uncollectible accounts 77 28 18 11 5 15 7 2 5 Other decommissioning-related activity (a) (61 ) (61 ) — — — — — — — Energy-related options (b) (7 ) (7 ) — — — — — — — Amortization of rate stabilization deferral 13 — — — — 13 10 3 — Discrete impacts from EIMA and FEJA (c) 14 — 14 — — — — — — Long-term incentive plan 51 — — — — — — — — _______ (a) Includes the elimination of decommissioning-related activity for the Regulatory Agreement Units, including the elimination of operating revenues, ARO accretion, ARC amortization, investment income and income taxes related to all NDT fund activity for these units. See Note 15 — Asset Retirement Obligations of the Exelon 2018 Form 10-K for additional information regarding the accounting for nuclear decommissioning. (b) Includes option premiums reclassified to realized at the settlement of the underlying contracts and recorded in Operating revenues and expenses. (c) Reflects the change in ComEd's distribution and energy efficiency formula rates. See Note 6 — Regulatory Matters for additional information. The following tables provide a reconciliation of cash, cash equivalents and restricted cash reported within the Registrants’ Consolidated Balance Sheets that sum to the total of the same amounts in their Consolidated Statements of Cash Flows. Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE June 30, 2019 Cash and cash equivalents $ 735 $ 575 $ 65 $ 20 $ 8 $ 54 $ 18 $ 3 $ 4 Restricted cash 252 122 77 6 1 37 34 1 2 Restricted cash included in other long-term assets 191 — 174 — — 17 — — 17 Total cash, cash equivalents and restricted cash $ 1,178 $ 697 $ 316 $ 26 $ 9 $ 108 $ 52 $ 4 $ 23 December 31, 2018 Cash and cash equivalents $ 1,349 $ 750 $ 135 $ 130 $ 7 $ 124 $ 16 $ 23 $ 7 Restricted cash 247 153 29 5 6 43 37 1 4 Restricted cash included in other long-term assets 185 — 166 — — 19 — — 19 Total cash, cash equivalents and restricted cash $ 1,781 $ 903 $ 330 $ 135 $ 13 $ 186 $ 53 $ 24 $ 30 June 30, 2018 Cash and cash equivalents $ 694 $ 420 $ 30 $ 18 $ 7 $ 195 $ 47 $ 141 $ 6 Restricted cash 206 130 5 5 1 38 33 — 5 Restricted cash included in other long-term assets 128 — 108 — — 20 — — 20 Total cash, cash equivalents and restricted cash $ 1,028 $ 550 $ 143 $ 23 $ 8 $ 253 $ 80 $ 141 $ 31 December 31, 2017 Cash and cash equivalents $ 898 $ 416 $ 76 $ 271 $ 17 $ 30 $ 5 $ 2 $ 2 Restricted cash 207 138 5 4 1 42 35 — 6 Restricted cash included in other long-term assets 85 — 63 — — 23 — — 23 Total cash, cash equivalents and restricted cash $ 1,190 $ 554 $ 144 $ 275 $ 18 $ 95 $ 40 $ 2 $ 31 For additional information on restricted cash see Note 1 — Significant Accounting Policies of the Exelon 2018 Form 10-K. |
Supplemental Balance Sheet Disclosures | The following tables provide additional information about material items recorded in the Registrants' Consolidated Balance Sheets. Unbilled customer revenues Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE June 30, 2019 $ 1,352 $ 703 $ 218 $ 121 $ 115 $ 195 $ 107 $ 47 $ 41 December 31, 2018 1,656 965 223 114 168 186 97 59 30 Accrued expenses Exelon Generation ComEd PECO BGE PHI Pepco DPL ACE June 30, 2019 Compensation-related accruals (a) $ 767 $ 292 $ 117 $ 52 $ 41 $ 72 $ 23 $ 15 $ 10 Taxes accrued 446 304 65 14 21 75 54 13 9 Interest accrued 340 76 109 33 40 50 24 8 13 December 31, 2018 Compensation-related accruals (a) $ 1,191 $ 479 $ 187 $ 49 $ 68 $ 99 $ 29 $ 19 $ 12 Taxes accrued 412 226 71 28 46 74 58 4 5 Interest accrued 334 77 105 33 39 50 25 8 12 _________ (a) |
Segment Information (Tables)
Segment Information (Tables) | 3 Months Ended | 6 Months Ended |
Jun. 30, 2019 | Jun. 30, 2019 | |
Segment Reporting [Abstract] | ||
Analysis and reconciliation of reportable segment information | An analysis and reconciliation of the Registrants’ reportable segment information to the respective information in the consolidated financial statements for the three and six months ended June 30, 2019 and 2018 is as follows: Three Months Ended June 30, 2019 and 2018 Generation (a) ComEd PECO BGE PHI Other (b) Intersegment Exelon Operating revenues (c) : 2019 Competitive businesses electric revenues $ 3,718 $ — $ — $ — $ — $ — $ (250 ) $ 3,468 Competitive businesses natural gas revenues 333 — — — — — — 333 Competitive businesses other revenues 159 — — — — — (1 ) 158 Rate-regulated electric revenues — 1,351 566 540 1,063 — (8 ) 3,512 Rate-regulated natural gas revenues — — 89 109 24 — (4 ) 218 Shared service and other revenues — — — — 4 484 (488 ) — Total operating revenues $ 4,210 $ 1,351 $ 655 $ 649 $ 1,091 $ 484 $ (751 ) $ 7,689 Generation (a) ComEd PECO BGE PHI Other (b) Intersegment Exelon 2018 Competitive businesses electric revenues $ 3,939 $ — $ — $ — $ — $ — $ (270 ) $ 3,669 Competitive businesses natural gas revenues 489 — — — — — — 489 Competitive businesses other revenues 151 — — — — — (4 ) 147 Rate-regulated electric revenues — 1,398 560 548 1,045 — (9 ) 3,542 Rate-regulated natural gas revenues — — 93 114 28 — (5 ) 230 Shared service and other revenues — — — — 3 487 (491 ) (1 ) Total operating revenues $ 4,579 $ 1,398 $ 653 $ 662 $ 1,076 $ 487 $ (779 ) $ 8,076 Intersegment revenues (d) : 2019 $ 252 $ 5 $ 2 $ 6 $ 3 $ 482 $ (750 ) $ — 2018 273 5 2 6 3 487 (776 ) — Depreciation and amortization: 2019 $ 409 $ 257 $ 83 $ 117 $ 188 $ 25 $ — $ 1,079 2018 466 231 74 114 180 23 — 1,088 Operating expenses: 2019 $ 4,096 $ 1,040 $ 510 $ 569 $ 926 $ 484 $ (744 ) $ 6,881 2018 4,298 1,111 526 578 923 492 (790 ) 7,138 Interest expense, net: 2019 $ 116 $ 89 $ 33 $ 29 $ 67 $ 75 $ — $ 409 2018 102 85 32 25 65 64 — 373 Income (loss) before income taxes: 2019 $ 202 $ 232 $ 115 $ 56 $ 112 $ (73 ) $ — $ 644 2018 209 207 95 64 99 (61 ) — 613 Income Taxes: 2019 $ 78 $ 46 $ 13 $ 11 $ 6 $ (10 ) $ — $ 144 2018 23 43 (1 ) 13 15 (27 ) — 66 Net income (loss): 2019 $ 118 $ 186 $ 102 $ 45 $ 106 $ (63 ) $ — $ 494 2018 181 164 96 51 84 (34 ) — 542 Capital Expenditures 2019 $ 383 $ 459 $ 225 $ 284 $ 340 $ 11 $ — $ 1,702 2018 670 495 194 210 371 (13 ) — 1,927 __________ (a) Intersegment revenues for Generation in 2019 include revenue from sales to PECO of $35 million , sales to BGE of $57 million , sales to Pepco of $52 million , sales to DPL of $12 million and sales to ACE of $5 million in the Mid-Atlantic region, and sales to ComEd of $89 million in the Midwest region, which eliminate upon consolidation. Intersegment revenues for Generation in 2018 include revenue from sales to PECO of $25 million , sales to BGE of $63 million , sales to Pepco of $46 million , sales to DPL of $30 million and sales to ACE of $6 million in the Mid-Atlantic region, and sales to ComEd of $103 million in the Midwest region, which eliminate upon consolidation. (b) Other primarily includes Exelon’s corporate operations, shared service entities and other financing and investment activities. (c) Includes gross utility tax receipts from customers. The offsetting remittance of utility taxes to the governing bodies is recorded in expenses in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. See Note 17 — Supplemental Financial Information for additional information on total utility taxes. (d) Intersegment revenues exclude sales to unconsolidated affiliates. The intersegment profit associated with Generation’s sale of certain products and services by and between Exelon’s segments is not eliminated in consolidation due to the recognition of intersegment profit in accordance with regulatory accounting guidance. For Exelon, these amounts are included in Operating revenues in the Consolidated Statements of Operations and Comprehensive Income. PHI: Pepco DPL ACE Other (b) Intersegment PHI Operating revenues (a) : 2019 Rate-regulated electric revenues $ 531 $ 261 $ 274 $ — $ (3 ) $ 1,063 Rate-regulated natural gas revenues — 24 — — — 24 Shared service and other revenues — 2 — 97 (95 ) 4 Total operating revenues $ 531 $ 287 $ 274 $ 97 $ (98 ) $ 1,091 2018 Rate-regulated electric revenues $ 523 $ 261 $ 265 $ — $ (4 ) $ 1,045 Rate-regulated natural gas revenues — 28 — — — 28 Shared service and other revenues — — — 108 (105 ) 3 Total operating revenues $ 523 $ 289 $ 265 $ 108 $ (109 ) $ 1,076 Intersegment revenues: 2019 $ 1 $ 2 $ 1 $ 98 $ (99 ) $ 3 2018 2 2 1 107 (109 ) 3 Depreciation and amortization: 2019 $ 93 $ 45 $ 40 $ 10 $ — $ 188 2018 92 43 36 9 — 180 Operating expenses: 2019 $ 438 $ 243 $ 246 $ 100 $ (101 ) $ 926 2018 438 247 240 110 (112 ) 923 Interest expense, net: 2019 $ 34 $ 15 $ 15 $ 3 $ — $ 67 2018 32 14 16 3 — 65 Income (loss) before income taxes: 2019 $ 66 $ 34 $ 14 $ 106 $ (108 ) $ 112 2018 61 31 10 85 (88 ) 99 Income Taxes: 2019 $ 2 $ 4 $ — $ — $ — $ 6 2018 7 5 2 1 — 15 Net income (loss): 2019 $ 64 $ 30 $ 14 $ (5 ) $ 3 $ 106 2018 54 26 8 (7 ) 3 84 Capital Expenditures 2019 $ 154 $ 82 $ 99 $ 5 $ — $ 340 2018 160 101 107 3 — 371 __________ (a) Includes gross utility tax receipts from customers. The offsetting remittance of utility taxes to the governing bodies is recorded in expenses in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. See Note 17 — Supplemental Financial Information for additional information on total utility taxes. (b) Other primarily includes PHI’s corporate operations, shared service entities and other financing and investment activities. | Six Months Ended June 30, 2019 and 2018 Generation (a) ComEd PECO BGE PHI Other (b) Intersegment Exelon Operating revenues (c) : 2019 Competitive businesses electric revenues $ 8,052 $ — $ — $ — $ — $ — $ (565 ) $ 7,487 Competitive businesses natural gas revenues 1,214 — — — — — (1 ) 1,213 Competitive businesses other revenues 240 — — — — — (2 ) 238 Rate-regulated electric revenues — 2,759 1,185 1,198 2,218 — (17 ) 7,343 Rate-regulated natural gas revenues — — 369 427 95 — (8 ) 883 Shared service and other revenues — — — — 6 940 (944 ) 2 Total operating revenues $ 9,506 $ 2,759 $ 1,554 $ 1,625 $ 2,319 $ 940 $ (1,537 ) $ 17,166 2018 Competitive businesses electric revenues $ 8,448 $ — $ — $ — $ — $ — $ (663 ) $ 7,785 Competitive businesses natural gas revenues 1,444 — — — — — (8 ) 1,436 Competitive businesses other revenues 198 — — — — — (2 ) 196 Rate-regulated electric revenues — 2,910 1,193 1,206 2,214 — (27 ) 7,496 Rate-regulated natural gas revenues — — 325 433 106 — (9 ) 855 Shared service and other revenues — — — — 7 940 (946 ) 1 Total operating revenues $ 10,090 $ 2,910 $ 1,518 $ 1,639 $ 2,327 $ 940 $ (1,655 ) $ 17,769 Shared service and other revenues Intersegment revenues (d) : 2019 $ 568 $ 9 $ 3 $ 12 $ 7 $ 935 $ (1,534 ) $ — 2018 672 19 3 12 7 937 (1,650 ) — Depreciation and amortization: 2019 $ 814 $ 508 $ 164 $ 252 $ 369 $ 47 $ — $ 2,154 2018 914 459 149 248 363 46 — 2,179 Operating expenses: 2019 $ 9,059 $ 2,174 $ 1,187 $ 1,325 $ 1,981 $ 942 $ (1,526 ) $ 15,142 2018 9,515 2,335 1,249 1,378 2,048 936 (1,675 ) 15,786 Interest expense, net: 2019 $ 227 $ 178 $ 67 $ 58 $ 131 $ 152 $ — $ 813 2018 202 175 64 51 128 125 — 745 Generation (a) ComEd PECO BGE PHI Other (b) Intersegment Exelon Income (loss) before income taxes: 2019 $ 854 $ 429 $ 307 $ 253 $ 234 $ (151 ) $ — $ 1,926 2018 412 417 207 220 173 (114 ) — 1,315 Income Taxes: 2019 $ 301 $ 85 $ 37 $ 47 $ 11 $ (27 ) $ — $ 454 2018 32 88 (3 ) 41 24 (57 ) — 125 Net income (loss): 2019 $ 540 $ 344 $ 270 $ 206 $ 223 $ (123 ) $ — $ 1,460 2018 368 329 210 179 149 (56 ) — 1,179 Capital Expenditures 2019 $ 890 $ 961 $ 447 $ 542 $ 698 $ 34 $ — $ 3,572 2018 1,298 1,026 411 434 629 9 — 3,807 Total assets: June 30, 2019 $ 48,402 $ 31,889 $ 11,002 $ 10,006 $ 22,454 $ 8,142 $ (10,299 ) $ 121,596 December 31, 2018 47,556 31,213 10,642 9,716 21,984 8,355 (9,800 ) 119,666 __________ (a) Intersegment revenues for Generation in 2019 include revenue from sales to PECO of $80 million , sales to BGE of $133 million , sales to Pepco of $122 million , sales to DPL of $35 million and sales to ACE of $13 million in the Mid-Atlantic region, and sales to ComEd of $183 million in the Midwest region, which eliminate upon consolidation. Intersegment revenues for Generation in 2018 include revenue from sales to PECO of $61 million , sales to BGE of $128 million , sales to Pepco of $98 million , sales to DPL of $76 million and sales to ACE of $12 million in the Mid-Atlantic region, and sales to ComEd of $297 million in the Midwest region, which eliminate upon consolidation. (b) Other primarily includes Exelon’s corporate operations, shared service entities and other financing and investment activities. (c) Includes gross utility tax receipts from customers. The offsetting remittance of utility taxes to the governing bodies is recorded in expenses in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. See Note 17 — Supplemental Financial Information for additional information on total utility taxes. (d) Intersegment revenues exclude sales to unconsolidated affiliates. The intersegment profit associated with Generation’s sale of certain products and services by and between Exelon’s segments is not eliminated in consolidation due to the recognition of intersegment profit in accordance with regulatory accounting guidance. For Exelon, these amounts are included in Operating revenues in the Consolidated Statements of Operations and Comprehensive Income. PHI: Pepco DPL ACE Other (b) Intersegment PHI Operating revenues (a) : 2019 Rate-regulated electric revenues $ 1,106 $ 572 $ 547 $ — $ (7 ) $ 2,218 Rate-regulated natural gas revenues — 95 — — — 95 Shared service and other revenues — — — 205 (199 ) 6 Total operating revenues $ 1,106 $ 667 $ 547 $ 205 $ (206 ) $ 2,319 2018 Rate-regulated electric revenues $ 1,080 $ 567 $ 575 $ — $ (8 ) $ 2,214 Rate-regulated natural gas revenues — 106 — — — 106 Shared service and other revenues — — — 221 (214 ) 7 Total operating revenues $ 1,080 $ 673 $ 575 $ 221 $ (222 ) $ 2,327 Intersegment revenues: 2019 $ 3 $ 3 $ 1 $ 205 $ (205 ) $ 7 2018 3 4 2 220 (222 ) 7 Depreciation and amortization: 2019 $ 186 $ 91 $ 71 $ 20 $ 1 $ 369 2018 188 88 69 19 (1 ) 363 Operating expenses: 2019 $ 929 $ 550 $ 498 $ 208 $ (204 ) $ 1,981 2018 939 582 526 224 (223 ) 2,048 Interest expense, net: 2019 $ 68 $ 30 $ 28 $ 5 $ — $ 131 2018 63 27 32 5 1 128 Income (loss) before income taxes: 2019 $ 123 $ 94 $ 25 $ 219 $ (227 ) $ 234 2018 94 69 18 149 (157 ) 173 Income Taxes: 2019 $ 4 $ 11 $ 1 $ (4 ) $ (1 ) $ 11 2018 9 12 3 — — 24 Net income (loss): 2019 $ 119 $ 83 $ 24 $ (10 ) $ 7 $ 223 2018 85 57 15 (15 ) 7 149 Capital Expenditures 2019 $ 298 $ 160 $ 227 $ 13 $ — $ 698 2018 287 166 170 6 — 629 Total assets: June 30, 2019 $ 8,556 $ 4,683 $ 3,886 $ 11,168 $ (5,839 ) $ 22,454 December 31, 2018 8,299 4,588 3,699 10,819 (5,421 ) 21,984 __________ (a) Includes gross utility tax receipts from customers. The offsetting remittance of utility taxes to the governing bodies is recorded in expenses in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. See Note 17 — Supplemental Financial Information for additional information on total utility taxes. (b) Other primarily includes PHI’s corporate operations, shared service entities and other financing and investment activities. |
Analysis and reconciliation of reportable segment revenues for Generation | The following tables disaggregate the Registrants' revenue recognized from contracts with customers into categories that depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. For Generation, the disaggregation of revenues reflects Generation’s two primary products of power sales and natural gas sales, with further disaggregation of power sales provided by geographic region. For the Utility Registrants, the disaggregation of revenues reflects the two primary utility services of rate-regulated electric sales and rate-regulated natural gas sales (where applicable), with further disaggregation of these tariff sales provided by major customer groups. Exelon’s disaggregated revenues are consistent with Generation and the Utility Registrants, but exclude any intercompany revenues. Competitive Business Revenues (Generation): Three Months Ended June 30, 2019 Revenues from external parties (a) Intersegment Total Contracts with customers Other (b) Total Mid-Atlantic $ 1,162 $ 21 $ 1,183 $ 6 $ 1,189 Midwest 974 68 1,042 (8 ) 1,034 New York 373 17 390 — 390 ERCOT 178 47 225 4 229 Other Power Regions 814 64 878 (17 ) 861 Total Competitive Businesses Electric Revenues 3,501 217 3,718 (15 ) 3,703 Competitive Businesses Natural Gas Revenues 177 156 333 15 348 Competitive Businesses Other Revenues (c) 108 51 159 — 159 Total Generation Consolidated Operating Revenues $ 3,786 $ 424 $ 4,210 $ — $ 4,210 Three Months Ended June 30, 2018 Revenues from external customers(a) Intersegment Total Contracts with customers Other(b) Total Mid-Atlantic $ 1,220 $ 58 $ 1,278 $ 4 $ 1,282 Midwest 1,062 73 1,135 (5 ) 1,130 New York 392 (2 ) 390 2 392 ERCOT 165 111 276 1 277 Other Power Regions 761 99 860 (39 ) 821 Total Competitive Businesses Electric Revenues 3,600 339 3,939 (37 ) 3,902 Competitive Businesses Natural Gas Revenues 295 194 489 37 526 Competitive Businesses Other Revenues (c) 125 26 151 — 151 Total Generation Consolidated Operating Revenues $ 4,020 $ 559 $ 4,579 $ — $ 4,579 __________ (a) Includes all wholesale and retail electric sales to third parties and affiliated sales to the Utility Registrants. (b) Includes revenues from derivatives and leases. (c) Other represents activities not allocated to a region. See text above for a description of included activities. Includes unrealized mark-to-market gains of $38 million and losses of $5 million in 2019 and 2018 , respectively, and elimination of intersegment revenues. Revenues net of purchased power and fuel expense (Generation): Three Months Ended June 30, 2019 Three Months Ended June 30, 2018 RNF (a) Intersegment RNF Total RNF RNF (a) Intersegment RNF Total RNF Mid-Atlantic $ 644 $ 8 $ 652 $ 722 $ 13 $ 735 Midwest 738 (8 ) 730 770 2 772 New York 250 3 253 259 7 266 ERCOT 80 (1 ) 79 129 (47 ) 82 Other Power Regions 154 (20 ) 134 229 (43 ) 186 Total Revenues net of purchased power and fuel for Reportable Segments 1,866 (18 ) 1,848 2,109 (68 ) 2,041 Other (b) 52 18 70 190 68 258 Total Generation Revenues net of purchased power and fuel expense $ 1,918 $ — $ 1,918 $ 2,299 $ — $ 2,299 __________ (a) Includes purchases and sales from/to third parties and affiliated sales to the Utility Registrants. (b) Other represents activities not allocated to a region. See text above for a description of included activities. Includes unrealized mark-to-market losses of $74 million and gains of $90 million in 2019 and 2018 , respectively, accelerated nuclear fuel amortization associated with announced early plant retirements as discussed in Note 8 — Early Plant Retirements of $5 million decrease and $20 million decrease to RNF in 2019 and 2018 , respectively, and the elimination of intersegment RNF. | The following tables disaggregate the Registrants' revenue recognized from contracts with customers into categories that depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. For Generation, the disaggregation of revenues reflects Generation’s two primary products of power sales and natural gas sales, with further disaggregation of power sales provided by geographic region. For the Utility Registrants, the disaggregation of revenues reflects the two primary utility services of rate-regulated electric sales and rate-regulated natural gas sales (where applicable), with further disaggregation of these tariff sales provided by major customer groups. Exelon’s disaggregated revenues are consistent with Generation and the Utility Registrants, but exclude any intercompany revenues. Competitive Business Revenues (Generation): Six Months Ended June 30, 2019 Revenues from external parties (a) Intersegment Revenues Total Revenues Contracts with customers Other (b) Total Mid-Atlantic $ 2,448 $ (2 ) $ 2,446 $ (1 ) $ 2,445 Midwest 2,030 126 2,156 (14 ) 2,142 New York 781 1 782 — 782 ERCOT 307 126 433 8 441 Other Power Regions 1,976 259 2,235 (21 ) 2,214 Total Competitive Businesses Electric Revenues 7,542 510 8,052 (28 ) 8,024 Competitive Businesses Natural Gas Revenues 763 451 1,214 28 1,242 Competitive Businesses Other Revenues (c) 230 10 240 — 240 Total Generation Consolidated Operating Revenues $ 8,535 $ 971 $ 9,506 $ — $ 9,506 Six Months Ended June 30, 2018 Revenues from external customers (a) Intersegment Total Contracts with customers Other (b) Total Mid-Atlantic $ 2,574 $ 138 $ 2,712 $ 10 $ 2,722 Midwest 2,336 143 2,479 (4 ) 2,475 New York 831 (31 ) 800 1 801 ERCOT 315 169 484 2 486 Other Power Regions 1,696 277 1,973 (71 ) 1,902 Total Competitive Businesses Electric Revenues 7,752 696 8,448 (62 ) 8,386 Competitive Businesses Natural Gas Revenues 816 628 1,444 62 1,506 Competitive Businesses Other Revenues (c) 258 (60 ) 198 — 198 Total Generation Consolidated Operating Revenues $ 8,826 $ 1,264 $ 10,090 $ — $ 10,090 __________ (a) Includes all wholesale and retail electric sales to third parties and affiliated sales to the Utility Registrants. (b) Includes revenues from derivatives and leases. (c) Other represents activities not allocated to a region. See text above for a description of included activities. Includes unrealized mark-to-market losses of $14 million and $102 million in 2019 and 2018 , respectively, and elimination of intersegment revenues. Revenues net of purchased power and fuel expense (Generation): Six Months Ended June 30, 2019 Six Months Ended June 30, 2018 RNF from external customers (a) Intersegment RNF Total RNF RNF from external customers (a) Intersegment RNF Total RNF Mid-Atlantic $ 1,324 $ 10 $ 1,334 $ 1,558 $ 28 $ 1,586 Midwest 1,506 (6 ) 1,500 1,617 14 1,631 New York 512 7 519 541 8 549 ERCOT 178 (24 ) 154 235 (117 ) 118 Other Power Regions 328 (36 ) 292 511 (87 ) 424 Total Revenues net of purchased power and fuel expense for Reportable Segments 3,848 (49 ) 3,799 4,462 (154 ) 4,308 Other (b) 161 49 210 55 154 209 Total Generation Revenues net of purchased power and fuel expense $ 4,009 $ — $ 4,009 $ 4,517 $ — $ 4,517 __________ (a) Includes purchases and sales from/to third parties and affiliated sales to the Utility Registrants. (b) Other represents activities not allocated to a region. See text above for a description of included activities. Includes unrealized mark-to-market losses of $102 million and $175 million in 2019 and 2018 , respectively, accelerated nuclear fuel amortization associated with announced early plant retirements as discussed in Note 8 — Early Plant Retirements of $9 million and $34 million decrease to RNF in 2019 and 2018 , respectively, and the elimination of intersegment RNF. |
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block] | Electric and Gas Revenue by Customer Class (Utility Registrants): Three Months Ended June 30, 2019 Revenues from contracts with customers ComEd PECO BGE PHI Pepco DPL ACE Rate-regulated electric revenues Residential $ 647 $ 343 $ 282 $ 494 $ 224 $ 135 $ 135 Small commercial & industrial 349 99 59 120 35 44 41 Large commercial & industrial 127 52 109 278 207 25 46 Public authorities & electric railroads 10 7 6 16 8 4 4 Other (a) 227 62 82 159 56 54 50 Total rate-regulated electric revenues (b) $ 1,360 $ 563 $ 538 $ 1,067 $ 530 $ 262 $ 276 Rate-regulated natural gas revenues Residential $ — $ 49 $ 60 $ 11 $ — $ 11 $ — Small commercial & industrial — 33 11 7 — 7 — Large commercial & industrial — — 23 2 — 2 — Transportation — 6 — 3 — 3 — Other (c) — 1 7 1 — 1 — Total rate-regulated natural gas revenues (d) $ — $ 89 $ 101 $ 24 $ — $ 24 $ — Total rate-regulated revenues from contracts with customers $ 1,360 $ 652 $ 639 $ 1,091 $ 530 $ 286 $ 276 Other revenues Revenues from alternative revenue programs $ (14 ) $ (3 ) $ 6 $ (3 ) $ (1 ) $ — $ (2 ) Other rate-regulated electric revenues (e) 5 6 3 3 2 1 — Other rate-regulated natural gas revenues (e) — — 1 — — — — Total other revenues $ (9 ) $ 3 $ 10 $ — $ 1 $ 1 $ (2 ) Total rate-regulated revenues for reportable segments $ 1,351 $ 655 $ 649 $ 1,091 $ 531 $ 287 $ 274 Three Months Ended June 30, 2018 Revenues from contracts with customers ComEd PECO BGE PHI Pepco DPL ACE Rate-regulated electric revenues Residential $ 699 $ 338 $ 295 $ 505 $ 228 $ 142 $ 135 Small commercial & industrial 357 97 60 115 33 44 38 Large commercial & industrial 127 52 101 282 212 25 45 Public authorities & electric railroads 12 6 7 16 9 3 4 Other (a) 213 60 78 133 49 41 44 Total rate-regulated electric revenues (b) $ 1,408 $ 553 $ 541 $ 1,051 $ 531 $ 255 $ 266 Rate-regulated natural gas revenues Residential $ — $ 62 $ 74 $ 13 $ — $ 13 $ — Small commercial & industrial — 25 13 8 — 8 — Large commercial & industrial — — 23 1 — 1 — Transportation — 5 — 4 — 4 — Other (c) — 1 12 2 — 2 — Total rate-regulated natural gas revenues (d) $ — $ 93 $ 122 $ 28 $ — $ 28 $ — Total rate-regulated revenues from contracts with customers $ 1,408 $ 646 $ 663 $ 1,079 $ 531 $ 283 $ 266 Other revenues Revenues from alternative revenue programs $ (17 ) $ 2 $ (4 ) $ (7 ) $ (10 ) $ 4 $ (1 ) Other rate-regulated electric revenues (e) 7 5 3 4 2 2 — Other rate-regulated natural gas revenues (e) — — — — — — — Total other revenues $ (10 ) $ 7 $ (1 ) $ (3 ) $ (8 ) $ 6 $ (1 ) Total rate-regulated revenues for reportable segments $ 1,398 $ 653 $ 662 $ 1,076 $ 523 $ 289 $ 265 __________ (a) Includes revenues from transmission revenue from PJM, wholesale electric revenue and mutual assistance revenue. (b) Includes operating revenues from affiliates of $5 million , $1 million , $1 million , $3 million , $1 million , $2 million and $1 million at ComEd, PECO, BGE, PHI, Pepco, DPL and ACE, respectively, in 2019 and $5 million , $2 million , $2 million , $3 million $2 million , $2 million and $1 million at ComEd, PECO, BGE, PHI, Pepco, DPL and ACE, respectively, in 2018 . (c) Includes revenues from off-system natural gas sales. (d) Includes operating revenues from affiliates of less than $1 million and $4 million at PECO and BGE, respectively, in 2019 and 2018 . (e) Includes late payment charge revenues. | Electric and Gas Revenue by Customer Class (Utility Registrants): Six Months Ended June 30, 2019 Revenues from contracts with customers ComEd PECO BGE PHI Pepco DPL ACE Rate-regulated electric revenues Residential $ 1,356 $ 752 $ 667 $ 1,073 $ 480 $ 320 $ 273 Small commercial & industrial 709 195 129 241 73 93 75 Large commercial & industrial 259 100 219 545 411 49 85 Public authorities & electric railroads 23 14 13 31 17 7 7 Other (a) 442 123 160 317 108 101 108 Total rate-regulated electric revenues (b) 2,789 1,184 1,188 2,207 1,089 570 548 Rate-regulated natural gas revenues Residential — 247 279 55 — 55 — Small commercial & industrial — 105 46 26 — 26 — Large commercial & industrial — 1 73 3 — 3 — Transportation — 13 — 7 — 7 — Other (c) — 3 13 4 — 4 — Total rate-regulated natural gas revenues (d) — 369 411 95 — 95 — Total rate-regulated revenues from contracts with customers 2,789 1,553 1,599 2,302 1,089 665 548 Other revenues Revenues from alternative revenue programs (42 ) (6 ) 17 12 13 1 (1 ) Other rate-regulated electric revenues (e) 12 7 6 5 4 1 — Other rate-regulated natural gas revenues (e) — — 3 — — — — Total other revenues (30 ) 1 26 17 17 2 (1 ) Total rate-regulated revenues for reportable segments $ 2,759 $ 1,554 $ 1,625 $ 2,319 $ 1,106 $ 667 $ 547 Six Months Ended June 30, 2018 Revenues from contracts with customers ComEd PECO BGE PHI Pepco DPL ACE Rate-regulated electric revenues Residential $ 1,416 $ 741 $ 688 $ 1,114 $ 486 $ 333 $ 295 Small commercial & industrial 741 198 128 230 65 90 75 Large commercial & industrial 280 110 207 541 402 48 91 Public authorities & electric railroads 25 14 14 30 16 7 7 Other (a) 444 122 156 289 98 82 110 Total rate-regulated electric revenues (b) 2,906 1,185 1,193 2,204 1,067 560 578 Rate-regulated natural gas revenues Residential — 223 298 60 — 60 — Small commercial & industrial — 87 47 26 — 26 — Large commercial & industrial — 1 70 5 — 5 — Transportation — 11 — 9 — 9 — Other (c) — 3 40 6 — 6 — Total rate-regulated natural gas revenues (d) — 325 455 106 — 106 — Total rate-regulated revenues from contracts with customers 2,906 1,510 1,648 2,310 1,067 666 578 Other revenues Revenues from alternative revenue programs (12 ) 1 (17 ) 12 10 5 (3 ) Other rate-regulated electric revenues (e) 16 7 6 5 3 2 — Other rate-regulated natural gas revenues (e) — — 2 — — — — Total other revenues 4 8 (9 ) 17 13 7 (3 ) Total rate-regulated revenues for reportable segments $ 2,910 $ 1,518 $ 1,639 $ 2,327 $ 1,080 $ 673 $ 575 __________ (a) Includes revenues from transmission revenue from PJM, wholesale electric revenue and mutual assistance revenue. (b) Includes operating revenues from affiliates of $9 million , $2 million , $1 million , $7 million , $3 million , $3 million and $1 million at ComEd, PECO, BGE, PHI, Pepco, DPL and ACE, respectively, in 2019 and $19 million , $3 million , $3 million , $7 million $3 million , $4 million and $2 million at ComEd, PECO, BGE, PHI, Pepco, DPL and ACE, respectively, in 2018 . (c) Includes revenues from off-system natural gas sales. (d) Includes operating revenues from affiliates of $1 million and $9 million at PECO and BGE, respectively, in 2019 and less than $1 million and $9 million at PECO and BGE, respectively, in 2018 , (e) Includes late payment charge revenues. |
Variable Interest Entities - Na
Variable Interest Entities - Narrative (Details) $ in Millions | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2019USD ($)VIE | Jun. 30, 2018USD ($) | Jun. 30, 2019USD ($)VIE | Jun. 30, 2018USD ($) | Dec. 31, 2018USD ($)VIE | Apr. 01, 2014USD ($) | |
Variable Interest Entity [Line Items] | ||||||
Number Of Variable Interest Entities Consolidated | VIE | 5 | 5 | 5 | |||
Number of Variable Interest Entities not consolidated by equity holders | VIE | 8 | 8 | 7 | |||
Guarantor Obligations, Maximum Exposure, Undiscounted | $ 68 | $ 68 | ||||
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets and Liabilities, Net | 16 | 16 | $ 15 | |||
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount | $ 16 | $ 16 | $ 15 | |||
Payment Guarantee [Member] | CENG [Member] | ||||||
Variable Interest Entity [Line Items] | ||||||
Guarantor Obligations, Maximum Exposure, Undiscounted | $ 245 | |||||
Financial Guarantee [Member] | CENG [Member] | ||||||
Variable Interest Entity [Line Items] | ||||||
Guarantor Obligations, Maximum Exposure, Undiscounted | 165 | |||||
Exelon Generation Co L L C [Member] | ||||||
Variable Interest Entity [Line Items] | ||||||
Number Of Variable Interest Entities Consolidated | VIE | 3 | 3 | 3 | |||
Number of Variable Interest Entities not consolidated by equity holders | VIE | 8 | 8 | 7 | |||
Guarantor Obligations, Current Carrying Value | $ 6 | $ 6 | $ 34 | |||
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets and Liabilities, Net | 12 | 12 | 13 | |||
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount | 12 | 12 | $ 13 | |||
Exelon Generation Co L L C [Member] | CENG [Member] | ||||||
Variable Interest Entity [Line Items] | ||||||
Guarantor Obligations, Current Carrying Value | $ 688 | $ 688 | ||||
Equity Method Investment, Ownership Percentage | 50.01% | 50.01% | ||||
Due from Affiliates | $ 400 | |||||
Atlantic City Electric Company [Member] | ||||||
Variable Interest Entity [Line Items] | ||||||
Number Of Variable Interest Entities Consolidated | VIE | 1 | 1 | 1 | |||
Guarantor Obligations, Maximum Exposure, Undiscounted | $ 17 | $ 17 | ||||
Atlantic City Electric Company [Member] | ATF [Member] | ||||||
Variable Interest Entity [Line Items] | ||||||
Cash Remitted To VIE | $ 3 | $ 6 | $ 7 | $ 14 | ||
Pepco Holdings LLC [Member] | ||||||
Variable Interest Entity [Line Items] | ||||||
Number Of Variable Interest Entities Consolidated | VIE | 1 | 1 | 1 | |||
Investments [Member] | ||||||
Variable Interest Entity [Line Items] | ||||||
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount | $ 203 | $ 203 | $ 223 | |||
Investments [Member] | Exelon Generation Co L L C [Member] | ||||||
Variable Interest Entity [Line Items] | ||||||
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount | 203 | 203 | 223 | |||
Finite-Lived Intangible Assets [Member] | ||||||
Variable Interest Entity [Line Items] | ||||||
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount | 7 | 7 | 7 | |||
Finite-Lived Intangible Assets [Member] | Exelon Generation Co L L C [Member] | ||||||
Variable Interest Entity [Line Items] | ||||||
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount | $ 7 | $ 7 | $ 7 |
Variable Interest Entities - Ca
Variable Interest Entities - Carrying Amounts and Classification of Consolidated VIE Assets and Liabilities (Details) - USD ($) $ in Millions | Jun. 30, 2019 | Dec. 31, 2018 |
Variable Interest Entity [Line Items] | ||
Current assets | $ 649 | $ 938 |
Noncurrent assets | 9,204 | 9,071 |
Total assets | 9,853 | 10,009 |
Current liabilities | 715 | 274 |
Noncurrent liabilities | 2,861 | 3,280 |
Total liabilities | 3,576 | 3,554 |
Exelon Generation Co L L C [Member] | ||
Variable Interest Entity [Line Items] | ||
Current assets | 646 | 931 |
Noncurrent assets | 9,184 | 9,045 |
Total assets | 9,830 | 9,976 |
Current liabilities | 694 | 252 |
Noncurrent liabilities | 2,827 | 3,233 |
Total liabilities | 3,521 | 3,485 |
Pepco Holdings LLC [Member] | ||
Variable Interest Entity [Line Items] | ||
Current assets | 3 | 7 |
Noncurrent assets | 20 | 26 |
Total assets | 23 | 33 |
Current liabilities | 21 | 22 |
Noncurrent liabilities | 34 | 47 |
Total liabilities | 55 | 69 |
Atlantic City Electric Company [Member] | ||
Variable Interest Entity [Line Items] | ||
Current assets | 2 | 4 |
Noncurrent assets | 17 | 19 |
Total assets | 19 | 23 |
Current liabilities | 20 | 19 |
Noncurrent liabilities | 31 | 40 |
Total liabilities | $ 51 | $ 59 |
Variable Interest Entities - As
Variable Interest Entities - Assets and Liabilities of VIES which Creditors or Beneficiaries have no Recourse (Details) - USD ($) $ in Millions | Jun. 30, 2019 | Dec. 31, 2018 | Jun. 30, 2018 | Dec. 31, 2017 | |
Variable Interest Entity [Line Items] | |||||
Cash and cash equivalents | $ 735 | $ 1,349 | $ 694 | $ 898 | |
Restricted cash and cash equivalents | 252 | 247 | 206 | 207 | |
Accounts receivable, net | |||||
Customer | 4,125 | 4,607 | |||
Other | 1,008 | 1,256 | |||
Inventory, net | |||||
Materials and Supplies | 1,412 | 1,351 | |||
Other current assets | 1,218 | 1,238 | |||
Total current assets | 11,655 | 13,360 | |||
Property, plant and equipment, net | 78,030 | 76,707 | |||
NDT funds | 12,513 | 11,661 | |||
Other Assets, Noncurrent | 3,038 | 1,575 | |||
Total assets | [1] | 121,596 | 119,666 | ||
Long-term debt due within one year | 3,776 | 1,349 | |||
Accounts payable | 3,248 | 3,800 | |||
Accrued expenses | 1,706 | 2,112 | |||
Unamortized energy contract liabilities | 145 | 149 | |||
Other Liabilities, Current | 1,367 | 1,035 | |||
Total current liabilities | 12,934 | 11,404 | |||
Long-term debt | 31,909 | 34,075 | |||
Asset retirement obligations | 10,023 | 9,679 | |||
Unamortized energy contract liabilities | 398 | 463 | |||
Other Liabilities, Noncurrent | 3,053 | 2,130 | |||
Total liabilities | [1] | 87,689 | 86,596 | ||
Variable Interest Entity, Primary Beneficiary [Member] | |||||
Variable Interest Entity [Line Items] | |||||
Cash and cash equivalents | 106 | 414 | |||
Restricted cash and cash equivalents | 75 | 66 | |||
Accounts receivable, net | |||||
Customer | 161 | 146 | |||
Other | 39 | 23 | |||
Inventory, net | |||||
Materials and Supplies | 217 | 212 | |||
Other current assets | 28 | 52 | |||
Total current assets | 626 | 913 | |||
Property, plant and equipment, net | 6,084 | 6,145 | |||
NDT funds | 2,589 | 2,351 | |||
Other Assets, Noncurrent | 227 | 258 | |||
Total noncurrent assets | 8,900 | 8,754 | |||
Total assets | 9,526 | 9,667 | |||
Long-term debt due within one year | 560 | 87 | |||
Accounts payable | 89 | 96 | |||
Accrued expenses | 52 | 72 | |||
Unamortized energy contract liabilities | 11 | 15 | |||
Other Liabilities, Current | 3 | 3 | |||
Total current liabilities | 715 | 273 | |||
Long-term debt | 558 | 1,072 | |||
Asset retirement obligations | 2,218 | 2,160 | |||
Unamortized energy contract liabilities | 0 | 1 | |||
Other Liabilities, Noncurrent | 77 | 42 | |||
Total noncurrent liabilities | 2,853 | 3,275 | |||
Total liabilities | 3,568 | 3,548 | |||
Exelon Generation Co L L C [Member] | |||||
Variable Interest Entity [Line Items] | |||||
Cash and cash equivalents | 575 | 750 | 420 | 416 | |
Restricted cash and cash equivalents | 122 | 153 | 130 | 138 | |
Accounts receivable, net | |||||
Customer | 2,528 | 2,941 | |||
Other | 326 | 562 | |||
Inventory, net | |||||
Materials and Supplies | 984 | 963 | |||
Other current assets | 849 | 883 | |||
Total current assets | 7,376 | 8,433 | |||
Property, plant and equipment, net | 23,810 | 23,981 | |||
NDT funds | 12,513 | 11,661 | |||
Other Assets, Noncurrent | 1,841 | 755 | |||
Total assets | [2] | 48,402 | 47,556 | ||
Long-term debt due within one year | 2,733 | 906 | |||
Accounts payable | 1,517 | 1,847 | |||
Accrued expenses | 767 | 898 | |||
Unamortized energy contract liabilities | 26 | 31 | |||
Other Liabilities, Current | 481 | 279 | |||
Total current liabilities | 6,842 | 5,769 | |||
Long-term debt | 5,079 | 6,989 | |||
Asset retirement obligations | 9,792 | 9,450 | |||
Unamortized energy contract liabilities | 13 | 20 | |||
Other Liabilities, Noncurrent | 1,449 | 610 | |||
Total liabilities | [2] | 32,810 | 32,048 | ||
Exelon Generation Co L L C [Member] | Variable Interest Entity, Primary Beneficiary [Member] | |||||
Variable Interest Entity [Line Items] | |||||
Cash and cash equivalents | 106 | 414 | |||
Restricted cash and cash equivalents | 73 | 62 | |||
Accounts receivable, net | |||||
Customer | 161 | 146 | |||
Other | 39 | 23 | |||
Inventory, net | |||||
Materials and Supplies | 217 | 212 | |||
Other current assets | 27 | 49 | |||
Total current assets | 623 | 906 | |||
Property, plant and equipment, net | 6,084 | 6,145 | |||
NDT funds | 2,589 | 2,351 | |||
Other Assets, Noncurrent | 207 | 232 | |||
Total noncurrent assets | 8,880 | 8,728 | |||
Total assets | 9,503 | 9,634 | |||
Long-term debt due within one year | 540 | 66 | |||
Accounts payable | 89 | 96 | |||
Accrued expenses | 51 | 72 | |||
Unamortized energy contract liabilities | 11 | 15 | |||
Other Liabilities, Current | 3 | 3 | |||
Total current liabilities | 694 | 252 | |||
Long-term debt | 524 | 1,025 | |||
Asset retirement obligations | 2,218 | 2,160 | |||
Unamortized energy contract liabilities | 0 | 1 | |||
Other Liabilities, Noncurrent | 77 | 42 | |||
Total noncurrent liabilities | 2,819 | 3,228 | |||
Total liabilities | 3,513 | 3,480 | |||
Pepco Holdings LLC [Member] | |||||
Variable Interest Entity [Line Items] | |||||
Cash and cash equivalents | 54 | 124 | 195 | 30 | |
Restricted cash and cash equivalents | 37 | 43 | 38 | 42 | |
Accounts receivable, net | |||||
Customer | 489 | 453 | |||
Other | 196 | 177 | |||
Inventory, net | |||||
Materials and Supplies | 195 | 163 | |||
Other current assets | 74 | 75 | |||
Total current assets | 1,546 | 1,533 | |||
Property, plant and equipment, net | 13,788 | 13,446 | |||
Other Assets, Noncurrent | 360 | 60 | |||
Total assets | [3] | 22,454 | 21,984 | ||
Long-term debt due within one year | 118 | 125 | |||
Accounts payable | 426 | 496 | |||
Accrued expenses | 224 | 256 | |||
Unamortized energy contract liabilities | 119 | 119 | |||
Other Liabilities, Current | 133 | 123 | |||
Total current liabilities | 1,328 | 1,592 | |||
Long-term debt | 6,391 | 6,134 | |||
Asset retirement obligations | 53 | 52 | |||
Unamortized energy contract liabilities | 385 | 442 | |||
Other Liabilities, Noncurrent | 617 | 369 | |||
Total liabilities | [3] | 12,882 | 12,702 | ||
Pepco Holdings LLC [Member] | Variable Interest Entity, Primary Beneficiary [Member] | |||||
Variable Interest Entity [Line Items] | |||||
Cash and cash equivalents | 0 | 0 | |||
Restricted cash and cash equivalents | 2 | 4 | |||
Accounts receivable, net | |||||
Customer | 0 | 0 | |||
Other | 0 | 0 | |||
Inventory, net | |||||
Materials and Supplies | 0 | 0 | |||
Other current assets | 1 | 3 | |||
Total current assets | 3 | 7 | |||
Property, plant and equipment, net | 0 | 0 | |||
NDT funds | 0 | 0 | |||
Other Assets, Noncurrent | 20 | 26 | |||
Total noncurrent assets | 20 | 26 | |||
Total assets | 23 | 33 | |||
Long-term debt due within one year | 20 | 21 | |||
Accounts payable | 0 | 0 | |||
Accrued expenses | 1 | 1 | |||
Unamortized energy contract liabilities | 0 | 0 | |||
Other Liabilities, Current | 0 | 0 | |||
Total current liabilities | 21 | 22 | |||
Long-term debt | 34 | 47 | |||
Asset retirement obligations | 0 | 0 | |||
Unamortized energy contract liabilities | 0 | 0 | |||
Other Liabilities, Noncurrent | 0 | 0 | |||
Total noncurrent liabilities | 34 | 47 | |||
Total liabilities | 55 | 69 | |||
Atlantic City Electric Company [Member] | |||||
Variable Interest Entity [Line Items] | |||||
Cash and cash equivalents | 4 | 7 | 6 | 2 | |
Restricted cash and cash equivalents | 2 | 4 | $ 5 | $ 6 | |
Accounts receivable, net | |||||
Customer | 112 | 95 | |||
Other | 50 | 55 | |||
Inventory, net | |||||
Other current assets | 7 | 5 | |||
Total current assets | 299 | 240 | |||
Property, plant and equipment, net | 3,093 | 2,966 | |||
Other Assets, Noncurrent | 60 | 40 | |||
Total assets | [4] | 3,886 | 3,699 | ||
Long-term debt due within one year | 19 | 18 | |||
Accounts payable | 135 | 154 | |||
Accrued expenses | 36 | 35 | |||
Other Liabilities, Current | 10 | 4 | |||
Total current liabilities | 299 | 422 | |||
Long-term debt | 1,310 | 1,170 | |||
Other Liabilities, Noncurrent | 44 | 27 | |||
Total liabilities | [4] | 2,605 | 2,573 | ||
Atlantic City Electric Company [Member] | Variable Interest Entity, Primary Beneficiary [Member] | |||||
Variable Interest Entity [Line Items] | |||||
Cash and cash equivalents | 0 | 0 | |||
Restricted cash and cash equivalents | 2 | 4 | |||
Accounts receivable, net | |||||
Customer | 0 | 0 | |||
Other | 0 | 0 | |||
Inventory, net | |||||
Materials and Supplies | 0 | 0 | |||
Other current assets | 0 | 0 | |||
Total current assets | 2 | 4 | |||
Property, plant and equipment, net | 0 | 0 | |||
NDT funds | 0 | 0 | |||
Other Assets, Noncurrent | 17 | 19 | |||
Total noncurrent assets | 17 | 19 | |||
Total assets | 19 | 23 | |||
Long-term debt due within one year | 19 | 18 | |||
Accounts payable | 0 | 0 | |||
Accrued expenses | 1 | 1 | |||
Unamortized energy contract liabilities | 0 | 0 | |||
Other Liabilities, Current | 0 | 0 | |||
Total current liabilities | 20 | 19 | |||
Long-term debt | 31 | 40 | |||
Asset retirement obligations | 0 | 0 | |||
Unamortized energy contract liabilities | 0 | 0 | |||
Other Liabilities, Noncurrent | 0 | 0 | |||
Total noncurrent liabilities | 31 | 40 | |||
Total liabilities | $ 51 | $ 59 | |||
[1] | Exelon’s consolidated assets include $9,526 million and $9,667 million at June 30, 2019 and December 31, 2018 , respectively, of certain VIEs that can only be used to settle the liabilities of the VIE. Exelon’s consolidated liabilities include $3,568 million and $3,548 million at June 30, 2019 and December 31, 2018 , respectively, of certain VIEs for which the VIE creditors do not have recourse to Exelon. See Note 2 — Variable Interest Entities for additional information. | ||||
[2] | Generation’s consolidated assets include $9,503 million and $9,634 million at June 30, 2019 and December 31, 2018 , respectively, of certain VIEs that can only be used to settle the liabilities of the VIE. Generation’s consolidated liabilities include $3,513 million and $3,480 million at June 30, 2019 and December 31, 2018 , respectively, of certain VIEs for which the VIE creditors do not have recourse to Generation. See Note 2 — Variable Interest Entities for additional information. | ||||
[3] | PHI’s consolidated total assets include $23 million and $33 million at June 30, 2019 and December 31, 2018 , respectively, of PHI's consolidated VIE that can only be used to settle the liabilities of the VIE. PHI’s consolidated total liabilities include $55 million and $69 million at June 30, 2019 and December 31, 2018 , respectively, of PHI's consolidated VIE for which the VIE creditors do not have recourse to PHI. See Note 2 — Variable Interest Entities for additional information. | ||||
[4] | ACE’s consolidated total assets include $19 million and $23 million at June 30, 2019 and December 31, 2018 , respectively, of ACE's consolidated VIE that can only be used to settle the liabilities of the VIE. ACE’s consolidated total liabilities include $51 million and $59 million at June 30, 2019 and December 31, 2018 , respectively, of ACE's consolidated VIE for which the VIE creditors do not have recourse to ACE. See Note 2 — Variable Interest Entities for additional information. |
Variable Interest Entities - Su
Variable Interest Entities - Summary of Significant Unconsolidated VIEs (Details) - USD ($) $ in Millions | Jun. 30, 2019 | Dec. 31, 2018 |
Variable Interest Entity [Line Items] | ||
Total assets | $ 1,056 | $ 1,069 |
Total liabilities | 258 | 259 |
Exelon's ownership interest in VIE | 203 | 223 |
Other ownership interests in VIE | 596 | 587 |
Registrants' maximum exposure to loss | 16 | 15 |
Carrying amount of equity method investments | ||
Variable Interest Entity [Line Items] | ||
Registrants' maximum exposure to loss | 203 | 223 |
Contract intangible asset | ||
Variable Interest Entity [Line Items] | ||
Registrants' maximum exposure to loss | 7 | 7 |
Commercial Agreement Variable Interest Entities [Member] | ||
Variable Interest Entity [Line Items] | ||
Total assets | 603 | 597 |
Total liabilities | 33 | 37 |
Exelon's ownership interest in VIE | 0 | 0 |
Other ownership interests in VIE | 571 | 560 |
Commercial Agreement Variable Interest Entities [Member] | Carrying amount of equity method investments | ||
Variable Interest Entity [Line Items] | ||
Registrants' maximum exposure to loss | 0 | 0 |
Commercial Agreement Variable Interest Entities [Member] | Contract intangible asset | ||
Variable Interest Entity [Line Items] | ||
Registrants' maximum exposure to loss | 7 | 7 |
Equity Investment VIE [Member] | ||
Variable Interest Entity [Line Items] | ||
Total assets | 453 | 472 |
Total liabilities | 225 | 222 |
Exelon's ownership interest in VIE | 203 | 223 |
Other ownership interests in VIE | 25 | 27 |
Equity Investment VIE [Member] | Carrying amount of equity method investments | ||
Variable Interest Entity [Line Items] | ||
Registrants' maximum exposure to loss | 203 | 223 |
Equity Investment VIE [Member] | Contract intangible asset | ||
Variable Interest Entity [Line Items] | ||
Registrants' maximum exposure to loss | 0 | 0 |
Exelon Generation Co L L C [Member] | ||
Variable Interest Entity [Line Items] | ||
Total assets | 1,056 | 1,069 |
Total liabilities | 258 | 259 |
Exelon's ownership interest in VIE | 203 | 223 |
Other ownership interests in VIE | 596 | 587 |
Registrants' maximum exposure to loss | 12 | 13 |
Exelon Generation Co L L C [Member] | Carrying amount of equity method investments | ||
Variable Interest Entity [Line Items] | ||
Registrants' maximum exposure to loss | 203 | 223 |
Exelon Generation Co L L C [Member] | Contract intangible asset | ||
Variable Interest Entity [Line Items] | ||
Registrants' maximum exposure to loss | 7 | 7 |
Exelon Generation Co L L C [Member] | Commercial Agreement Variable Interest Entities [Member] | ||
Variable Interest Entity [Line Items] | ||
Total assets | 603 | 597 |
Total liabilities | 33 | 37 |
Exelon's ownership interest in VIE | 0 | 0 |
Other ownership interests in VIE | 571 | 560 |
Exelon Generation Co L L C [Member] | Commercial Agreement Variable Interest Entities [Member] | Carrying amount of equity method investments | ||
Variable Interest Entity [Line Items] | ||
Registrants' maximum exposure to loss | 0 | 0 |
Exelon Generation Co L L C [Member] | Commercial Agreement Variable Interest Entities [Member] | Contract intangible asset | ||
Variable Interest Entity [Line Items] | ||
Registrants' maximum exposure to loss | 7 | 7 |
Exelon Generation Co L L C [Member] | Equity Investment VIE [Member] | ||
Variable Interest Entity [Line Items] | ||
Total assets | 453 | 472 |
Total liabilities | 225 | 222 |
Exelon's ownership interest in VIE | 203 | 223 |
Other ownership interests in VIE | 25 | 27 |
Exelon Generation Co L L C [Member] | Equity Investment VIE [Member] | Carrying amount of equity method investments | ||
Variable Interest Entity [Line Items] | ||
Registrants' maximum exposure to loss | 203 | 223 |
Exelon Generation Co L L C [Member] | Equity Investment VIE [Member] | Contract intangible asset | ||
Variable Interest Entity [Line Items] | ||
Registrants' maximum exposure to loss | $ 0 | $ 0 |
Mergers, Acquisitions and Dis_2
Mergers, Acquisitions and Dispositions - Acquisitions Narrative (Details) - USD ($) $ in Millions | Apr. 04, 2018 | Jun. 30, 2019 | Jun. 30, 2018 |
Business Acquisition [Line Items] | |||
Payments to Acquire Businesses, Gross | $ 0 | $ 57 | |
Handley [Member] | |||
Business Acquisition [Line Items] | |||
Payments to Acquire Businesses, Gross | $ 62 | ||
Exelon Generation Co L L C [Member] | |||
Business Acquisition [Line Items] | |||
Payments to Acquire Businesses, Gross | $ 0 | $ 57 | |
Exelon Generation Co L L C [Member] | Handley [Member] | |||
Business Acquisition [Line Items] | |||
Payments to Acquire Businesses, Gross | $ 62 |
Mergers, Acquisitions and Dis_3
Mergers, Acquisitions and Dispositions - Dispositions Narrative (Details) - USD ($) $ in Millions | Feb. 28, 2018 | Jun. 30, 2019 | Sep. 30, 2018 | Dec. 31, 2018 |
Business Dispositions [Line Items] | ||||
Assets held for sale | $ 880 | $ 904 | ||
Liabilities held for sale | 764 | 777 | ||
Exelon Generation Co L L C [Member] | ||||
Business Dispositions [Line Items] | ||||
Assets held for sale | 880 | 904 | ||
Liabilities held for sale | 764 | 777 | ||
Oyster Creek [Member] | ||||
Business Dispositions [Line Items] | ||||
Assets held for sale | 863 | 897 | ||
Liabilities held for sale | 759 | 777 | ||
Asset Retirement Obligation Revision Of Estimate In Operating And Maintenance Expense | 9 | $ 84 | ||
Oyster Creek [Member] | Exelon Generation Co L L C [Member] | ||||
Business Dispositions [Line Items] | ||||
Assets held for sale | 863 | 897 | ||
Liabilities held for sale | 759 | $ 777 | ||
Asset Retirement Obligation Revision Of Estimate In Operating And Maintenance Expense | $ 9 | $ 84 | ||
Electrical Contracting Business [Member] | ||||
Business Dispositions [Line Items] | ||||
Proceeds from Divestiture of Businesses | $ 87 | |||
Electrical Contracting Business [Member] | Exelon Generation Co L L C [Member] | ||||
Business Dispositions [Line Items] | ||||
Proceeds from Divestiture of Businesses | $ 87 |
Revenue from Contracts with C_3
Revenue from Contracts with Customers - Change in Contract with Customer, Asset and Liability (Details) - USD ($) $ in Millions | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Change in Contract with Customer, Asset and Liability [Line Items] | |||
Contract Assets | $ 196 | $ 187 | $ 283 |
Contract Liabilities | 21 | 27 | 35 |
Consideration (received) due, contract assets | (44) | (146) | |
Consideration received (due), contract liabilities | 38 | 179 | |
Revenues recognized, contract assets | 53 | 50 | |
Revenues recognized, contract liabilities | (44) | (187) | |
Exelon Generation Co L L C [Member] | |||
Change in Contract with Customer, Asset and Liability [Line Items] | |||
Contract Assets | 196 | 187 | 283 |
Contract Liabilities | 26 | 42 | $ 35 |
Consideration (received) due, contract assets | (44) | (146) | |
Consideration received (due), contract liabilities | 115 | 465 | |
Revenues recognized, contract assets | 53 | 50 | |
Revenues recognized, contract liabilities | $ (131) | $ (458) |
Revenue from Contracts with C_4
Revenue from Contracts with Customers - Performance Obligations (Details) $ in Millions | Jun. 30, 2019USD ($) |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-01-01 | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, Remaining Performance Obligation, Amount | $ 274 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-01-01 | Exelon Generation Co L L C [Member] | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, Remaining Performance Obligation, Amount | 355 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01 | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, Remaining Performance Obligation, Amount | 275 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01 | Exelon Generation Co L L C [Member] | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, Remaining Performance Obligation, Amount | 343 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01 | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, Remaining Performance Obligation, Amount | 93 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01 | Exelon Generation Co L L C [Member] | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, Remaining Performance Obligation, Amount | 118 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01 | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, Remaining Performance Obligation, Amount | 68 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01 | Exelon Generation Co L L C [Member] | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, Remaining Performance Obligation, Amount | 72 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01 | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, Remaining Performance Obligation, Amount | 248 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01 | Exelon Generation Co L L C [Member] | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, Remaining Performance Obligation, Amount | 248 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: (nil) | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, Remaining Performance Obligation, Amount | 958 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: (nil) | Exelon Generation Co L L C [Member] | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, Remaining Performance Obligation, Amount | $ 1,136 |
Leases Lessee - Narrative (Deta
Leases Lessee - Narrative (Details) | 6 Months Ended |
Jun. 30, 2019 | |
Contracted Generation [Member] | |
Lessee, Lease, Description [Line Items] | |
Lessee, Operating Lease, Description | ● |
Real Estate [Member] | |
Lessee, Lease, Description [Line Items] | |
Lessee, Operating Lease, Description | ● |
Vehicles & Equipment [Member] | |
Lessee, Lease, Description [Line Items] | |
Lessee, Operating Lease, Description | ● |
Minimum [Member] | |
Lessee, Lease, Description [Line Items] | |
Remaining lease terms | 1 year |
Options to extend the term | 3 years |
Options to terminate within | 1 years |
Maximum [Member] | |
Lessee, Lease, Description [Line Items] | |
Remaining lease terms | 87 years |
Options to extend the term | 30 years |
Options to terminate within | 4 years |
Exelon Generation Co L L C [Member] | Contracted Generation [Member] | |
Lessee, Lease, Description [Line Items] | |
Lessee, Operating Lease, Description | ● |
Exelon Generation Co L L C [Member] | Real Estate [Member] | |
Lessee, Lease, Description [Line Items] | |
Lessee, Operating Lease, Description | ● |
Exelon Generation Co L L C [Member] | Vehicles & Equipment [Member] | |
Lessee, Lease, Description [Line Items] | |
Lessee, Operating Lease, Description | ● |
Exelon Generation Co L L C [Member] | Minimum [Member] | |
Lessee, Lease, Description [Line Items] | |
Remaining lease terms | 1 year |
Options to extend the term | 3 years |
Options to terminate within | 2 years |
Exelon Generation Co L L C [Member] | Maximum [Member] | |
Lessee, Lease, Description [Line Items] | |
Remaining lease terms | 37 years |
Options to extend the term | 30 years |
Options to terminate within | 2 years |
Commonwealth Edison Co [Member] | Real Estate [Member] | |
Lessee, Lease, Description [Line Items] | |
Lessee, Operating Lease, Description | ● |
Commonwealth Edison Co [Member] | Vehicles & Equipment [Member] | |
Lessee, Lease, Description [Line Items] | |
Lessee, Operating Lease, Description | ● |
Commonwealth Edison Co [Member] | Minimum [Member] | |
Lessee, Lease, Description [Line Items] | |
Remaining lease terms | 1 year |
Options to extend the term | 5 years |
Options to terminate within | 4 years |
Commonwealth Edison Co [Member] | Maximum [Member] | |
Lessee, Lease, Description [Line Items] | |
Remaining lease terms | 6 years |
Options to extend the term | 5 years |
Options to terminate within | 4 years |
PECO Energy Co [Member] | Real Estate [Member] | |
Lessee, Lease, Description [Line Items] | |
Lessee, Operating Lease, Description | ● |
PECO Energy Co [Member] | Vehicles & Equipment [Member] | |
Lessee, Lease, Description [Line Items] | |
Lessee, Operating Lease, Description | ● |
PECO Energy Co [Member] | Minimum [Member] | |
Lessee, Lease, Description [Line Items] | |
Remaining lease terms | 1 year |
PECO Energy Co [Member] | Maximum [Member] | |
Lessee, Lease, Description [Line Items] | |
Remaining lease terms | 15 years |
Baltimore Gas and Electric Company [Member] | Real Estate [Member] | |
Lessee, Lease, Description [Line Items] | |
Lessee, Operating Lease, Description | ● |
Baltimore Gas and Electric Company [Member] | Vehicles & Equipment [Member] | |
Lessee, Lease, Description [Line Items] | |
Lessee, Operating Lease, Description | ● |
Baltimore Gas and Electric Company [Member] | Minimum [Member] | |
Lessee, Lease, Description [Line Items] | |
Remaining lease terms | 1 year |
Options to terminate within | 3 years |
Baltimore Gas and Electric Company [Member] | Maximum [Member] | |
Lessee, Lease, Description [Line Items] | |
Remaining lease terms | 87 years |
Options to terminate within | 3 years |
Pepco Holdings LLC [Member] | Real Estate [Member] | |
Lessee, Lease, Description [Line Items] | |
Lessee, Operating Lease, Description | ● |
Pepco Holdings LLC [Member] | Vehicles & Equipment [Member] | |
Lessee, Lease, Description [Line Items] | |
Lessee, Operating Lease, Description | ● |
Pepco Holdings LLC [Member] | Minimum [Member] | |
Lessee, Lease, Description [Line Items] | |
Remaining lease terms | 1 year |
Options to extend the term | 3 years |
Pepco Holdings LLC [Member] | Maximum [Member] | |
Lessee, Lease, Description [Line Items] | |
Remaining lease terms | 13 years |
Options to extend the term | 30 years |
Potomac Electric Power Company [Member] | Real Estate [Member] | |
Lessee, Lease, Description [Line Items] | |
Lessee, Operating Lease, Description | ● |
Potomac Electric Power Company [Member] | Vehicles & Equipment [Member] | |
Lessee, Lease, Description [Line Items] | |
Lessee, Operating Lease, Description | ● |
Potomac Electric Power Company [Member] | Minimum [Member] | |
Lessee, Lease, Description [Line Items] | |
Remaining lease terms | 1 year |
Options to extend the term | 5 years |
Potomac Electric Power Company [Member] | Maximum [Member] | |
Lessee, Lease, Description [Line Items] | |
Remaining lease terms | 13 years |
Options to extend the term | 5 years |
Delmarva Power and Light Company [Member] | Real Estate [Member] | |
Lessee, Lease, Description [Line Items] | |
Lessee, Operating Lease, Description | ● |
Delmarva Power and Light Company [Member] | Vehicles & Equipment [Member] | |
Lessee, Lease, Description [Line Items] | |
Lessee, Operating Lease, Description | ● |
Delmarva Power and Light Company [Member] | Minimum [Member] | |
Lessee, Lease, Description [Line Items] | |
Remaining lease terms | 1 year |
Options to extend the term | 3 years |
Delmarva Power and Light Company [Member] | Maximum [Member] | |
Lessee, Lease, Description [Line Items] | |
Remaining lease terms | 13 years |
Options to extend the term | 30 years |
Atlantic City Electric Company [Member] | Real Estate [Member] | |
Lessee, Lease, Description [Line Items] | |
Lessee, Operating Lease, Description | ● |
Atlantic City Electric Company [Member] | Vehicles & Equipment [Member] | |
Lessee, Lease, Description [Line Items] | |
Lessee, Operating Lease, Description | ● |
Atlantic City Electric Company [Member] | Minimum [Member] | |
Lessee, Lease, Description [Line Items] | |
Remaining lease terms | 1 year |
Atlantic City Electric Company [Member] | Maximum [Member] | |
Lessee, Lease, Description [Line Items] | |
Remaining lease terms | 8 years |
Leases Components of Lease Cost
Leases Components of Lease Cost (Details) $ in Millions | 3 Months Ended | 6 Months Ended |
Jun. 30, 2019USD ($) | Jun. 30, 2019USD ($) | |
Schedule of Components of Lease Cost [Line Items] | ||
Operating Lease Costs | $ 87 | $ 155 |
Variable Lease Costs | 77 | 150 |
Short-term Lease Costs | 3 | 11 |
Total Lease Costs | 167 | 316 |
Sublease Income | $ 16 | $ 19 |
Operating Lease, Weighted Average Remaining Lease Term | 9 years 10 months 24 days | 9 years 10 months 24 days |
Operating Lease Weighted Average Discount Rate, Percent | 4.60% | 4.60% |
Exelon Generation Co L L C [Member] | ||
Schedule of Components of Lease Cost [Line Items] | ||
Operating Lease Costs | $ 61 | $ 107 |
Variable Lease Costs | 72 | 140 |
Short-term Lease Costs | 3 | 11 |
Total Lease Costs | 136 | 258 |
Sublease Income | $ 12 | $ 14 |
Operating Lease, Weighted Average Remaining Lease Term | 10 years 7 months 6 days | 10 years 7 months 6 days |
Operating Lease Weighted Average Discount Rate, Percent | 4.80% | 4.80% |
Commonwealth Edison Co [Member] | ||
Schedule of Components of Lease Cost [Line Items] | ||
Operating Lease Costs | $ 1 | $ 2 |
Variable Lease Costs | 1 | 1 |
Short-term Lease Costs | 0 | 0 |
Total Lease Costs | $ 2 | $ 3 |
Operating Lease, Weighted Average Remaining Lease Term | 4 years 10 months 24 days | 4 years 10 months 24 days |
Operating Lease Weighted Average Discount Rate, Percent | 3.10% | 3.10% |
PECO Energy Co [Member] | ||
Schedule of Components of Lease Cost [Line Items] | ||
Operating Lease Costs | $ 0 | $ 0 |
Variable Lease Costs | 0 | 0 |
Short-term Lease Costs | 0 | 0 |
Total Lease Costs | $ 0 | $ 0 |
Operating Lease, Weighted Average Remaining Lease Term | 4 years 4 months 24 days | 4 years 4 months 24 days |
Operating Lease Weighted Average Discount Rate, Percent | 3.40% | 3.40% |
Baltimore Gas and Electric Company [Member] | ||
Schedule of Components of Lease Cost [Line Items] | ||
Operating Lease Costs | $ 9 | $ 17 |
Variable Lease Costs | 1 | 1 |
Short-term Lease Costs | 0 | 0 |
Total Lease Costs | $ 10 | $ 18 |
Operating Lease, Weighted Average Remaining Lease Term | 5 years 4 months 24 days | 5 years 4 months 24 days |
Operating Lease Weighted Average Discount Rate, Percent | 3.60% | 3.60% |
Pepco Holdings LLC [Member] | ||
Schedule of Components of Lease Cost [Line Items] | ||
Operating Lease Costs | $ 13 | $ 23 |
Variable Lease Costs | 2 | 4 |
Short-term Lease Costs | 0 | 0 |
Total Lease Costs | 15 | 27 |
Sublease Income | $ 4 | $ 5 |
Operating Lease, Weighted Average Remaining Lease Term | 9 years 2 months 12 days | 9 years 2 months 12 days |
Operating Lease Weighted Average Discount Rate, Percent | 4.10% | 4.10% |
Potomac Electric Power Company [Member] | ||
Schedule of Components of Lease Cost [Line Items] | ||
Operating Lease Costs | $ 3 | $ 6 |
Variable Lease Costs | 1 | 1 |
Short-term Lease Costs | 0 | 0 |
Total Lease Costs | $ 4 | $ 7 |
Operating Lease, Weighted Average Remaining Lease Term | 9 years 8 months 12 days | 9 years 8 months 12 days |
Operating Lease Weighted Average Discount Rate, Percent | 3.80% | 3.80% |
Delmarva Power and Light Company [Member] | ||
Schedule of Components of Lease Cost [Line Items] | ||
Operating Lease Costs | $ 4 | $ 7 |
Variable Lease Costs | 0 | 1 |
Short-term Lease Costs | 0 | 0 |
Total Lease Costs | 4 | 8 |
Sublease Income | $ 4 | $ 5 |
Operating Lease, Weighted Average Remaining Lease Term | 9 years 7 months 6 days | 9 years 7 months 6 days |
Operating Lease Weighted Average Discount Rate, Percent | 3.90% | 3.90% |
Atlantic City Electric Company [Member] | ||
Schedule of Components of Lease Cost [Line Items] | ||
Operating Lease Costs | $ 3 | $ 4 |
Variable Lease Costs | 1 | 1 |
Short-term Lease Costs | 0 | 0 |
Total Lease Costs | $ 4 | $ 5 |
Operating Lease, Weighted Average Remaining Lease Term | 5 years 2 months 12 days | 5 years 2 months 12 days |
Operating Lease Weighted Average Discount Rate, Percent | 3.50% | 3.50% |
Leases Supplemental Balance She
Leases Supplemental Balance Sheet Information Related to Lessee Right-of-Use Assets and Lease Liabilities (Details) - USD ($) $ in Millions | Jun. 30, 2019 | Dec. 31, 2018 |
Supplemental Balance Sheet Information [Line Items] | ||
Other deferred debits and other assets | $ 3,038 | $ 1,575 |
Other current liabilities | 1,367 | 1,035 |
Other deferred credits and other liabilities | 3,053 | 2,130 |
Total Operating Lease Liabilities | 1,603 | |
Exelon Generation Co L L C [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other deferred debits and other assets | 1,841 | 755 |
Other current liabilities | 481 | 279 |
Other deferred credits and other liabilities | 1,449 | 610 |
Total Operating Lease Liabilities | 1,154 | |
Commonwealth Edison Co [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other deferred debits and other assets | 354 | 395 |
Other current liabilities | 126 | 96 |
Other deferred credits and other liabilities | 592 | 630 |
Total Operating Lease Liabilities | 12 | |
PECO Energy Co [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other deferred debits and other assets | 30 | 27 |
Other current liabilities | 40 | 24 |
Other deferred credits and other liabilities | 79 | 76 |
Total Operating Lease Liabilities | 2 | |
Baltimore Gas and Electric Company [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other deferred debits and other assets | 95 | 5 |
Other current liabilities | 51 | 27 |
Other deferred credits and other liabilities | 128 | 73 |
Total Operating Lease Liabilities | 97 | |
Pepco Holdings LLC [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other deferred debits and other assets | 360 | 60 |
Other current liabilities | 133 | 123 |
Other deferred credits and other liabilities | 617 | 369 |
Total Operating Lease Liabilities | 316 | |
Potomac Electric Power Company [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other deferred debits and other assets | 77 | 15 |
Other current liabilities | 23 | 42 |
Other deferred credits and other liabilities | 313 | 275 |
Total Operating Lease Liabilities | 68 | |
Delmarva Power and Light Company [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other deferred debits and other assets | 80 | 6 |
Other current liabilities | 16 | 7 |
Other deferred credits and other liabilities | 113 | 50 |
Total Operating Lease Liabilities | 83 | |
Atlantic City Electric Company [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other deferred debits and other assets | 60 | 40 |
Other current liabilities | 10 | 4 |
Other deferred credits and other liabilities | 44 | $ 27 |
Total Operating Lease Liabilities | 25 | |
Contracted Generation [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other deferred debits and other assets | 595 | |
Total Operating Lease Liabilities | 744 | |
Contracted Generation [Member] | Exelon Generation Co L L C [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other deferred debits and other assets | 595 | |
Total Operating Lease Liabilities | 744 | |
Other Deferred Debits and Other Assets [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other deferred debits and other assets | 1,412 | |
Other Deferred Debits and Other Assets [Member] | Exelon Generation Co L L C [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other deferred debits and other assets | 982 | |
Other Deferred Debits and Other Assets [Member] | Commonwealth Edison Co [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other deferred debits and other assets | 11 | |
Other Deferred Debits and Other Assets [Member] | PECO Energy Co [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other deferred debits and other assets | 2 | |
Other Deferred Debits and Other Assets [Member] | Baltimore Gas and Electric Company [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other deferred debits and other assets | 91 | |
Other Deferred Debits and Other Assets [Member] | Pepco Holdings LLC [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other deferred debits and other assets | 309 | |
Other Deferred Debits and Other Assets [Member] | Potomac Electric Power Company [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other deferred debits and other assets | 67 | |
Other Deferred Debits and Other Assets [Member] | Delmarva Power and Light Company [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other deferred debits and other assets | 74 | |
Other Deferred Debits and Other Assets [Member] | Atlantic City Electric Company [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other deferred debits and other assets | 24 | |
Other Current Liabilities [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other current liabilities | 250 | |
Other Current Liabilities [Member] | Exelon Generation Co L L C [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other current liabilities | 173 | |
Other Current Liabilities [Member] | Commonwealth Edison Co [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other current liabilities | 3 | |
Other Current Liabilities [Member] | PECO Energy Co [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other current liabilities | 1 | |
Other Current Liabilities [Member] | Baltimore Gas and Electric Company [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other current liabilities | 32 | |
Other Current Liabilities [Member] | Pepco Holdings LLC [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other current liabilities | 36 | |
Other Current Liabilities [Member] | Potomac Electric Power Company [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other current liabilities | 8 | |
Other Current Liabilities [Member] | Delmarva Power and Light Company [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other current liabilities | 11 | |
Other Current Liabilities [Member] | Atlantic City Electric Company [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other current liabilities | 6 | |
Other Deferred Credits and Other Liabilities [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other deferred credits and other liabilities | 1,353 | |
Other Deferred Credits and Other Liabilities [Member] | Exelon Generation Co L L C [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other deferred credits and other liabilities | 981 | |
Other Deferred Credits and Other Liabilities [Member] | Commonwealth Edison Co [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other deferred credits and other liabilities | 9 | |
Other Deferred Credits and Other Liabilities [Member] | PECO Energy Co [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other deferred credits and other liabilities | 1 | |
Other Deferred Credits and Other Liabilities [Member] | Baltimore Gas and Electric Company [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other deferred credits and other liabilities | 65 | |
Other Deferred Credits and Other Liabilities [Member] | Pepco Holdings LLC [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other deferred credits and other liabilities | 280 | |
Other Deferred Credits and Other Liabilities [Member] | Potomac Electric Power Company [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other deferred credits and other liabilities | 60 | |
Other Deferred Credits and Other Liabilities [Member] | Delmarva Power and Light Company [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other deferred credits and other liabilities | 72 | |
Other Deferred Credits and Other Liabilities [Member] | Atlantic City Electric Company [Member] | ||
Supplemental Balance Sheet Information [Line Items] | ||
Other deferred credits and other liabilities | $ 19 |
Leases Lessee Future Minimum Op
Leases Lessee Future Minimum Operating Lease Maturity Payments (Details) $ in Millions | Jun. 30, 2019USD ($) |
Schedule of Lessee, Operating Lease, Liability, Maturity [Line Items] | |
2019 | $ 149 |
2020 | 291 |
2021 | 246 |
2022 | 177 |
2023 | 141 |
Remaining Years | 1,051 |
Total | 2,055 |
Interest | 452 |
Total Operating Lease Liabilities | 1,603 |
Exelon Generation Co L L C [Member] | |
Schedule of Lessee, Operating Lease, Liability, Maturity [Line Items] | |
2019 | 104 |
2020 | 202 |
2021 | 161 |
2022 | 112 |
2023 | 99 |
Remaining Years | 834 |
Total | 1,512 |
Interest | 358 |
Total Operating Lease Liabilities | 1,154 |
Commonwealth Edison Co [Member] | |
Schedule of Lessee, Operating Lease, Liability, Maturity [Line Items] | |
2019 | 2 |
2020 | 3 |
2021 | 3 |
2022 | 2 |
2023 | 1 |
Remaining Years | 2 |
Total | 13 |
Interest | 1 |
Total Operating Lease Liabilities | 12 |
PECO Energy Co [Member] | |
Schedule of Lessee, Operating Lease, Liability, Maturity [Line Items] | |
2019 | 1 |
2020 | 1 |
2021 | 0 |
2022 | 0 |
2023 | 0 |
Remaining Years | 0 |
Total | 2 |
Interest | 0 |
Total Operating Lease Liabilities | 2 |
Baltimore Gas and Electric Company [Member] | |
Schedule of Lessee, Operating Lease, Liability, Maturity [Line Items] | |
2019 | 17 |
2020 | 34 |
2021 | 31 |
2022 | 16 |
2023 | 0 |
Remaining Years | 19 |
Total | 117 |
Interest | 20 |
Total Operating Lease Liabilities | 97 |
Pepco Holdings LLC [Member] | |
Schedule of Lessee, Operating Lease, Liability, Maturity [Line Items] | |
2019 | 23 |
2020 | 44 |
2021 | 42 |
2022 | 41 |
2023 | 39 |
Remaining Years | 196 |
Total | 385 |
Interest | 69 |
Total Operating Lease Liabilities | 316 |
Potomac Electric Power Company [Member] | |
Schedule of Lessee, Operating Lease, Liability, Maturity [Line Items] | |
2019 | 6 |
2020 | 9 |
2021 | 9 |
2022 | 8 |
2023 | 8 |
Remaining Years | 43 |
Total | 83 |
Interest | 15 |
Total Operating Lease Liabilities | 68 |
Delmarva Power and Light Company [Member] | |
Schedule of Lessee, Operating Lease, Liability, Maturity [Line Items] | |
2019 | 5 |
2020 | 12 |
2021 | 12 |
2022 | 11 |
2023 | 10 |
Remaining Years | 52 |
Total | 102 |
Interest | 19 |
Total Operating Lease Liabilities | 83 |
Atlantic City Electric Company [Member] | |
Schedule of Lessee, Operating Lease, Liability, Maturity [Line Items] | |
2019 | 4 |
2020 | 5 |
2021 | 5 |
2022 | 4 |
2023 | 3 |
Remaining Years | 6 |
Total | 27 |
Interest | 2 |
Total Operating Lease Liabilities | $ 25 |
Leases Lessee 2018 Schedule of
Leases Lessee 2018 Schedule of Minimum Future Operating Lease Payments (Details) $ in Millions | Dec. 31, 2018USD ($) |
Operating Leases Future Minimum Payments Due [Line Items] | |
2019 | $ 140 |
2020 | 149 |
2021 | 143 |
2022 | 126 |
2023 | 97 |
Remaining Years | 723 |
Total Minimum Future Lease Payments | 1,378 |
Exelon Generation Co L L C [Member] | |
Operating Leases Future Minimum Payments Due [Line Items] | |
2019 | 33 |
2020 | 46 |
2021 | 46 |
2022 | 47 |
2023 | 46 |
Remaining Years | 545 |
Total Minimum Future Lease Payments | 763 |
Commonwealth Edison Co [Member] | |
Operating Leases Future Minimum Payments Due [Line Items] | |
2019 | 7 |
2020 | 5 |
2021 | 4 |
2022 | 4 |
2023 | 3 |
Remaining Years | 0 |
Total Minimum Future Lease Payments | 23 |
PECO Energy Co [Member] | |
Operating Leases Future Minimum Payments Due [Line Items] | |
2019 | 5 |
2020 | 5 |
2021 | 5 |
2022 | 5 |
2023 | 5 |
Remaining Years | 0 |
Total Minimum Future Lease Payments | 25 |
Baltimore Gas and Electric Company [Member] | |
Operating Leases Future Minimum Payments Due [Line Items] | |
2019 | 35 |
2020 | 35 |
2021 | 33 |
2022 | 18 |
2023 | 3 |
Remaining Years | 19 |
Total Minimum Future Lease Payments | 143 |
Pepco Holdings LLC [Member] | |
Operating Leases Future Minimum Payments Due [Line Items] | |
2019 | 48 |
2020 | 46 |
2021 | 43 |
2022 | 42 |
2023 | 39 |
Remaining Years | 159 |
Total Minimum Future Lease Payments | 377 |
Potomac Electric Power Company [Member] | |
Operating Leases Future Minimum Payments Due [Line Items] | |
2019 | 11 |
2020 | 10 |
2021 | 9 |
2022 | 8 |
2023 | 8 |
Remaining Years | 40 |
Total Minimum Future Lease Payments | 86 |
Delmarva Power and Light Company [Member] | |
Operating Leases Future Minimum Payments Due [Line Items] | |
2019 | 14 |
2020 | 13 |
2021 | 12 |
2022 | 12 |
2023 | 10 |
Remaining Years | 35 |
Total Minimum Future Lease Payments | 96 |
Atlantic City Electric Company [Member] | |
Operating Leases Future Minimum Payments Due [Line Items] | |
2019 | 7 |
2020 | 6 |
2021 | 5 |
2022 | 5 |
2023 | 4 |
Remaining Years | 5 |
Total Minimum Future Lease Payments | 32 |
Real Estate Leases and Railroad Licenses [Member] | Commonwealth Edison Co [Member] | |
Operating Leases Future Minimum Payments Due [Line Items] | |
Total Minimum Future Lease Payments | 3 |
Real Estate Leases and Railroad Licenses [Member] | PECO Energy Co [Member] | |
Operating Leases Future Minimum Payments Due [Line Items] | |
Total Minimum Future Lease Payments | 5 |
Real Estate Leases and Railroad Licenses [Member] | Baltimore Gas and Electric Company [Member] | |
Operating Leases Future Minimum Payments Due [Line Items] | |
Total Minimum Future Lease Payments | 1 |
Real Estate Leases and Railroad Licenses [Member] | Delmarva Power and Light Company [Member] | |
Operating Leases Future Minimum Payments Due [Line Items] | |
Total Minimum Future Lease Payments | 1 |
Electrical Conduit System [Member] | Baltimore Gas and Electric Company [Member] | |
Operating Leases Future Minimum Payments Due [Line Items] | |
2019 | 26 |
2020 | 28 |
2021 | 28 |
2022 | $ 14 |
Leases Supplemental Cash Flow I
Leases Supplemental Cash Flow Information Related to Leases (Details) $ in Millions | 6 Months Ended |
Jun. 30, 2019USD ($) | |
Supplemental Cash Flow Information [Line Items] | |
Operating cash flows from operating leases | $ 142 |
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability | 30 |
Exelon Generation Co L L C [Member] | |
Supplemental Cash Flow Information [Line Items] | |
Operating cash flows from operating leases | 101 |
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability | 7 |
Commonwealth Edison Co [Member] | |
Supplemental Cash Flow Information [Line Items] | |
Operating cash flows from operating leases | 2 |
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability | 6 |
PECO Energy Co [Member] | |
Supplemental Cash Flow Information [Line Items] | |
Operating cash flows from operating leases | 0 |
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability | 0 |
Baltimore Gas and Electric Company [Member] | |
Supplemental Cash Flow Information [Line Items] | |
Operating cash flows from operating leases | 16 |
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability | 1 |
Pepco Holdings LLC [Member] | |
Supplemental Cash Flow Information [Line Items] | |
Operating cash flows from operating leases | 19 |
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability | 15 |
Potomac Electric Power Company [Member] | |
Supplemental Cash Flow Information [Line Items] | |
Operating cash flows from operating leases | 5 |
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability | 6 |
Delmarva Power and Light Company [Member] | |
Supplemental Cash Flow Information [Line Items] | |
Operating cash flows from operating leases | 4 |
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability | 6 |
Atlantic City Electric Company [Member] | |
Supplemental Cash Flow Information [Line Items] | |
Operating cash flows from operating leases | 3 |
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability | $ 3 |
Leases Lessor - Narrative (Deta
Leases Lessor - Narrative (Details) | 6 Months Ended |
Jun. 30, 2019 | |
Contracted Generation [Member] | |
Lessor, Lease, Description [Line Items] | |
Lessor, Operating Lease, Description | ● |
Real Estate [Member] | |
Lessor, Lease, Description [Line Items] | |
Lessor, Operating Lease, Description | ● |
Minimum [Member] | |
Lessor, Lease, Description [Line Items] | |
Remaining lease terms | 1 year |
Options to extend the term | 1 years |
Maximum [Member] | |
Lessor, Lease, Description [Line Items] | |
Remaining lease terms | 84 years |
Options to extend the term | 79 years |
Exelon Generation Co L L C [Member] | Contracted Generation [Member] | |
Lessor, Lease, Description [Line Items] | |
Lessor, Operating Lease, Description | ● |
Exelon Generation Co L L C [Member] | Real Estate [Member] | |
Lessor, Lease, Description [Line Items] | |
Lessor, Operating Lease, Description | ● |
Exelon Generation Co L L C [Member] | Minimum [Member] | |
Lessor, Lease, Description [Line Items] | |
Remaining lease terms | 1 year |
Options to extend the term | 1 years |
Exelon Generation Co L L C [Member] | Maximum [Member] | |
Lessor, Lease, Description [Line Items] | |
Remaining lease terms | 33 years |
Options to extend the term | 5 years |
Commonwealth Edison Co [Member] | Real Estate [Member] | |
Lessor, Lease, Description [Line Items] | |
Lessor, Operating Lease, Description | ● |
Commonwealth Edison Co [Member] | Minimum [Member] | |
Lessor, Lease, Description [Line Items] | |
Remaining lease terms | 1 year |
Options to extend the term | 5 years |
Commonwealth Edison Co [Member] | Maximum [Member] | |
Lessor, Lease, Description [Line Items] | |
Remaining lease terms | 18 years |
Options to extend the term | 79 years |
PECO Energy Co [Member] | Real Estate [Member] | |
Lessor, Lease, Description [Line Items] | |
Lessor, Operating Lease, Description | ● |
PECO Energy Co [Member] | Minimum [Member] | |
Lessor, Lease, Description [Line Items] | |
Remaining lease terms | 1 year |
Options to extend the term | 5 years |
PECO Energy Co [Member] | Maximum [Member] | |
Lessor, Lease, Description [Line Items] | |
Remaining lease terms | 84 years |
Options to extend the term | 50 years |
Baltimore Gas and Electric Company [Member] | Real Estate [Member] | |
Lessor, Lease, Description [Line Items] | |
Lessor, Operating Lease, Description | ● |
Baltimore Gas and Electric Company [Member] | Minimum [Member] | |
Lessor, Lease, Description [Line Items] | |
Remaining lease terms | 24 years |
Baltimore Gas and Electric Company [Member] | Maximum [Member] | |
Lessor, Lease, Description [Line Items] | |
Remaining lease terms | 24 years |
Pepco Holdings LLC [Member] | Real Estate [Member] | |
Lessor, Lease, Description [Line Items] | |
Lessor, Operating Lease, Description | ● |
Pepco Holdings LLC [Member] | Minimum [Member] | |
Lessor, Lease, Description [Line Items] | |
Remaining lease terms | 1 year |
Options to extend the term | 5 years |
Pepco Holdings LLC [Member] | Maximum [Member] | |
Lessor, Lease, Description [Line Items] | |
Remaining lease terms | 14 years |
Options to extend the term | 5 years |
Potomac Electric Power Company [Member] | Real Estate [Member] | |
Lessor, Lease, Description [Line Items] | |
Lessor, Operating Lease, Description | ● |
Potomac Electric Power Company [Member] | Minimum [Member] | |
Lessor, Lease, Description [Line Items] | |
Remaining lease terms | 2 years |
Potomac Electric Power Company [Member] | Maximum [Member] | |
Lessor, Lease, Description [Line Items] | |
Remaining lease terms | 7 years |
Delmarva Power and Light Company [Member] | Real Estate [Member] | |
Lessor, Lease, Description [Line Items] | |
Lessor, Operating Lease, Description | ● |
Delmarva Power and Light Company [Member] | Minimum [Member] | |
Lessor, Lease, Description [Line Items] | |
Remaining lease terms | 13 years |
Delmarva Power and Light Company [Member] | Maximum [Member] | |
Lessor, Lease, Description [Line Items] | |
Remaining lease terms | 14 years |
Atlantic City Electric Company [Member] | Real Estate [Member] | |
Lessor, Lease, Description [Line Items] | |
Lessor, Operating Lease, Description | ● |
Atlantic City Electric Company [Member] | Minimum [Member] | |
Lessor, Lease, Description [Line Items] | |
Remaining lease terms | 1 year |
Atlantic City Electric Company [Member] | Maximum [Member] | |
Lessor, Lease, Description [Line Items] | |
Remaining lease terms | 3 years |
Leases Components of Operating
Leases Components of Operating Lease Income (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended |
Jun. 30, 2019 | Jun. 30, 2019 | |
Schedule of Operating Lease, Lease Income [Line Items] | ||
Operating Lease Income | $ 14 | $ 18 |
Variable Lease Income | 77 | 129 |
Exelon Generation Co L L C [Member] | ||
Schedule of Operating Lease, Lease Income [Line Items] | ||
Operating Lease Income | 12 | 15 |
Variable Lease Income | 74 | 126 |
Commonwealth Edison Co [Member] | ||
Schedule of Operating Lease, Lease Income [Line Items] | ||
Operating Lease Income | 0 | 0 |
Variable Lease Income | 0 | 0 |
PECO Energy Co [Member] | ||
Schedule of Operating Lease, Lease Income [Line Items] | ||
Operating Lease Income | 0 | 0 |
Variable Lease Income | 0 | 0 |
Baltimore Gas and Electric Company [Member] | ||
Schedule of Operating Lease, Lease Income [Line Items] | ||
Operating Lease Income | 0 | 0 |
Variable Lease Income | 0 | 0 |
Pepco Holdings LLC [Member] | ||
Schedule of Operating Lease, Lease Income [Line Items] | ||
Operating Lease Income | 1 | 2 |
Variable Lease Income | 3 | 3 |
Potomac Electric Power Company [Member] | ||
Schedule of Operating Lease, Lease Income [Line Items] | ||
Operating Lease Income | 0 | 0 |
Variable Lease Income | 0 | 0 |
Delmarva Power and Light Company [Member] | ||
Schedule of Operating Lease, Lease Income [Line Items] | ||
Operating Lease Income | 1 | 2 |
Variable Lease Income | 3 | 3 |
Atlantic City Electric Company [Member] | ||
Schedule of Operating Lease, Lease Income [Line Items] | ||
Operating Lease Income | 0 | 0 |
Variable Lease Income | $ 0 | $ 0 |
Leases Lessor Future Minimum Op
Leases Lessor Future Minimum Operating Lease Maturity Payments (Details) $ in Millions | Jun. 30, 2019USD ($) |
Schedule of Lessor, Operating Lease, Payments to be Received, Maturity [Line Items] | |
2019 | $ 33 |
2020 | 51 |
2021 | 51 |
2022 | 50 |
2023 | 49 |
Remaining years | 314 |
Total | 548 |
Exelon Generation Co L L C [Member] | |
Schedule of Lessor, Operating Lease, Payments to be Received, Maturity [Line Items] | |
2019 | 31 |
2020 | 46 |
2021 | 46 |
2022 | 45 |
2023 | 45 |
Remaining years | 271 |
Total | 484 |
Commonwealth Edison Co [Member] | |
Schedule of Lessor, Operating Lease, Payments to be Received, Maturity [Line Items] | |
2019 | 0 |
2020 | 0 |
2021 | 0 |
2022 | 0 |
2023 | 0 |
Remaining years | 1 |
Total | 1 |
PECO Energy Co [Member] | |
Schedule of Lessor, Operating Lease, Payments to be Received, Maturity [Line Items] | |
2019 | 0 |
2020 | 0 |
2021 | 0 |
2022 | 0 |
2023 | 0 |
Remaining years | 3 |
Total | 3 |
Baltimore Gas and Electric Company [Member] | |
Schedule of Lessor, Operating Lease, Payments to be Received, Maturity [Line Items] | |
2019 | 0 |
2020 | 0 |
2021 | 0 |
2022 | 0 |
2023 | 0 |
Remaining years | 1 |
Total | 1 |
Pepco Holdings LLC [Member] | |
Schedule of Lessor, Operating Lease, Payments to be Received, Maturity [Line Items] | |
2019 | 2 |
2020 | 4 |
2021 | 4 |
2022 | 5 |
2023 | 4 |
Remaining years | 38 |
Total | 57 |
Potomac Electric Power Company [Member] | |
Schedule of Lessor, Operating Lease, Payments to be Received, Maturity [Line Items] | |
2019 | 0 |
2020 | 0 |
2021 | 1 |
2022 | 0 |
2023 | 0 |
Remaining years | 0 |
Total | 1 |
Delmarva Power and Light Company [Member] | |
Schedule of Lessor, Operating Lease, Payments to be Received, Maturity [Line Items] | |
2019 | 2 |
2020 | 3 |
2021 | 3 |
2022 | 4 |
2023 | 3 |
Remaining years | 38 |
Total | 53 |
Atlantic City Electric Company [Member] | |
Schedule of Lessor, Operating Lease, Payments to be Received, Maturity [Line Items] | |
2019 | 0 |
2020 | 0 |
2021 | 0 |
2022 | 0 |
2023 | 0 |
Remaining years | 0 |
Total | $ 0 |
Regulatory Matters - Narrative
Regulatory Matters - Narrative (Details) - USD ($) $ in Millions | Jul. 22, 2019 | May 23, 2019 | Apr. 18, 2019 | Feb. 28, 2019 | May 01, 2017 | Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2017 |
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||||
Payments to Acquire Property, Plant, and Equipment | $ 1,702 | $ 1,927 | $ 3,572 | $ 3,807 | ||||||
Maximum [Member] | One-Time Revenue Adjustment [Member] | ||||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||||
Amount of Impairment to Carrying Amount of Regulatory Assets | 78 | 78 | ||||||||
PECO Energy Co [Member] | ||||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||||
Public Utilities, Requested Rate Increase (Decrease), Amended, Amount | $ 22 | |||||||||
Public Utilities, Requested Equity Capital Structure, Percentage | 11.00% | |||||||||
Revenue | 8 | 6 | ||||||||
Payments to Acquire Property, Plant, and Equipment | 447 | 411 | ||||||||
PECO Energy Co [Member] | Subsequent Event [Member] | ||||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||||
Public Utilities, Requested Equity Capital Structure, Percentage | 10.35% | |||||||||
Commonwealth Edison Co [Member] | ||||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||||
Public Utilities, Requested Rate Increase (Decrease), Amended, Amount | $ 51 | 5 | ||||||||
Revenue | $ (2) | (16) | ||||||||
Payments to Acquire Property, Plant, and Equipment | 961 | 1,026 | ||||||||
Increase (Decrease) in Regulatory Assets | 88 | |||||||||
Public Utilities, Requested Return on Equity, Percentage | 8.91% | |||||||||
Commonwealth Edison Co [Member] | Maximum [Member] | One-Time Revenue Adjustment [Member] | ||||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||||
Amount of Impairment to Carrying Amount of Regulatory Assets | 52 | 52 | ||||||||
Baltimore Gas and Electric Company [Member] | ||||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||||
Public Utilities, Requested Rate Increase (Decrease), Amended, Amount | (19) | |||||||||
Revenue | (23) | |||||||||
Payments to Acquire Property, Plant, and Equipment | 542 | 434 | ||||||||
Increase (Decrease) in Regulatory Liabilities | 71 | |||||||||
Baltimore Gas and Electric Company [Member] | Maximum [Member] | One-Time Revenue Adjustment [Member] | ||||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||||
Amount of Impairment to Carrying Amount of Regulatory Assets | 16 | 16 | ||||||||
Pepco Holdings LLC [Member] | ||||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||||
Payments to Acquire Property, Plant, and Equipment | 698 | 629 | ||||||||
Pepco Holdings LLC [Member] | Maximum [Member] | One-Time Revenue Adjustment [Member] | ||||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||||
Amount of Impairment to Carrying Amount of Regulatory Assets | 10 | 10 | ||||||||
Potomac Electric Power Company [Member] | ||||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||||
Public Utilities, Requested Rate Increase (Decrease), Amended, Amount | 26 | |||||||||
Revenue | 11 | |||||||||
Payments to Acquire Property, Plant, and Equipment | 298 | 287 | ||||||||
Increase (Decrease) in Regulatory Assets | (50) | |||||||||
Potomac Electric Power Company [Member] | Maximum [Member] | One-Time Revenue Adjustment [Member] | ||||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||||
Amount of Impairment to Carrying Amount of Regulatory Assets | 3 | 3 | ||||||||
Delmarva Power and Light Company [Member] | ||||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||||
Public Utilities, Requested Rate Increase (Decrease), Amended, Amount | 16 | |||||||||
Revenue | (1) | |||||||||
Payments to Acquire Property, Plant, and Equipment | 160 | 166 | ||||||||
Increase (Decrease) in Regulatory Liabilities | 36 | |||||||||
Delmarva Power and Light Company [Member] | Maximum [Member] | One-Time Revenue Adjustment [Member] | ||||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||||
Amount of Impairment to Carrying Amount of Regulatory Assets | 5 | 5 | ||||||||
Atlantic City Electric Company [Member] | ||||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||||
Public Utilities, Requested Rate Increase (Decrease), Amended, Amount | 9 | |||||||||
Revenue | (2) | |||||||||
Payments to Acquire Property, Plant, and Equipment | $ 96 | $ 338 | 227 | 170 | ||||||
Atlantic City Electric Company [Member] | Maximum [Member] | One-Time Revenue Adjustment [Member] | ||||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||||
Amount of Impairment to Carrying Amount of Regulatory Assets | 2 | 2 | ||||||||
Exelon Generation Co L L C [Member] | ||||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||||
Payments to Acquire Property, Plant, and Equipment | 890 | 1,298 | ||||||||
Deferred Income Tax Charge [Member] | Baltimore Gas and Electric Company [Member] | ||||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||||
Increase (Decrease) in Regulatory Liabilities | 31 | |||||||||
Deferred Income Tax Charge [Member] | Delmarva Power and Light Company [Member] | ||||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||||
Increase (Decrease) in Regulatory Liabilities | 21 | |||||||||
Removal Costs [Member] | Baltimore Gas and Electric Company [Member] | ||||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||||
Increase (Decrease) in Regulatory Liabilities | 29 | |||||||||
Clean Energy Legislation [Member] | Exelon Generation Co L L C [Member] | ||||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||||
Competitive businesses other revenues | $ 10 | $ 10 | ||||||||
Nuclear Plant [Member] | Exelon Generation Co L L C [Member] | Salem [Member] | ||||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||||
Jointly Owned Utility Plant, Proportionate Ownership Interest, percentage | 42.59% | 42.59% | ||||||||
Generation commodities and services | ||||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||||
Revenue from Contract with Customer, Including Assessed Tax | $ 3,959 | 4,305 | $ 8,938 | 9,417 | ||||||
Generation commodities and services | Exelon Generation Co L L C [Member] | ||||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||||
Revenue from Contract with Customer, Including Assessed Tax | $ 3,958 | $ 4,306 | 8,937 | $ 9,419 | ||||||
Generation commodities and services | Zero Emission Standard [Member] | Exelon Generation Co L L C [Member] | ||||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||||
Revenue from Contract with Customer, Including Assessed Tax | $ 150 | |||||||||
License and Service [Member] | Conowingo [Member] | Exelon Generation Co L L C [Member] | ||||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||||
License Costs | 40 | |||||||||
Energy Efficiency Costs [Member] | Commonwealth Edison Co [Member] | ||||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||||
Increase (Decrease) in Regulatory Assets | 117 | |||||||||
Electric Distribution Formula Rate Annual Reconciliations [Member] | Commonwealth Edison Co [Member] | ||||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||||
Increase (Decrease) in Regulatory Assets | (38) | |||||||||
Under Recovered Energy and Natural Gas Costs [Member] | Potomac Electric Power Company [Member] | ||||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||||
Increase (Decrease) in Regulatory Assets | (21) | |||||||||
DC PLUG Charge [Member] | Potomac Electric Power Company [Member] | ||||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||||
Increase (Decrease) in Regulatory Assets | $ (16) |
Regulatory Matters Schedule of
Regulatory Matters Schedule of Completed Rate Cases (Details) (Details) - USD ($) $ in Millions | May 24, 2019 | May 23, 2019 | Apr. 08, 2019 | Mar. 13, 2019 | Jan. 04, 2019 | Dec. 20, 2018 | Dec. 04, 2018 | Nov. 19, 2018 | Jun. 08, 2018 | Apr. 16, 2018 | Mar. 29, 2018 | Jun. 30, 2019 | Dec. 31, 2018 |
Commonwealth Edison Co [Member] | |||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||
Requested Revenue Requirement Increase (Decrease) | $ 53 | $ 21 | |||||||||||
Approved Return on Equity, Percentage | 11.50% | 10.91% | |||||||||||
Commonwealth Edison Co [Member] | Electric Distribution [Member] | |||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||
Requested Revenue Requirement Increase (Decrease) | $ (6) | $ (23) | $ 57 | ||||||||||
Approved Revenue Requirement Increase (Decrease) | $ (24) | $ (63) | |||||||||||
Approved Return on Equity, Percentage | 8.69% | ||||||||||||
PECO Energy Co [Member] | Electricity [Member] | |||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||
Requested Revenue Requirement Increase (Decrease) | $ 82 | ||||||||||||
Approved Revenue Requirement Increase (Decrease) | $ 25 | ||||||||||||
Baltimore Gas and Electric Company [Member] | |||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||
Requested Revenue Requirement Increase (Decrease) | $ (10) | ||||||||||||
Approved Return on Equity, Percentage | 10.50% | ||||||||||||
Baltimore Gas and Electric Company [Member] | Electric Distribution [Member] | |||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||
Requested Revenue Requirement Increase (Decrease) | $ 74 | ||||||||||||
Baltimore Gas and Electric Company [Member] | Gas Distribution [Member] | |||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||
Requested Revenue Requirement Increase (Decrease) | $ 59 | $ 61 | |||||||||||
Approved Revenue Requirement Increase (Decrease) | $ 43 | ||||||||||||
Approved Return on Equity, Percentage | 9.80% | ||||||||||||
Atlantic City Electric Company [Member] | |||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||
Requested Revenue Requirement Increase (Decrease) | $ 11 | ||||||||||||
Approved Return on Equity, Percentage | 10.50% | ||||||||||||
Atlantic City Electric Company [Member] | Electric Distribution [Member] | |||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||
Requested Revenue Requirement Increase (Decrease) | $ 122 | ||||||||||||
Approved Revenue Requirement Increase (Decrease) | $ 70 | ||||||||||||
Approved Return on Equity, Percentage | 9.60% |
Regulatory Matters Schedule o_2
Regulatory Matters Schedule of Pending Rate Cases (Details) (Details) - USD ($) $ in Millions | May 30, 2019 | May 24, 2019 | May 23, 2019 | Apr. 08, 2019 | Jan. 15, 2019 | Jan. 04, 2019 | Dec. 04, 2018 | Jun. 08, 2018 | Apr. 16, 2018 | Jun. 30, 2019 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2018 |
Potomac Electric Power Company [Member] | ||||||||||||||
Regulatory Matters Pending Rate Cases [Line Items] | ||||||||||||||
Requested Revenue Requirement Increase (Decrease), Amended | $ 26 | |||||||||||||
Requested Revenue Requirement Increase (Decrease) | 15 | |||||||||||||
Commonwealth Edison Co [Member] | ||||||||||||||
Regulatory Matters Pending Rate Cases [Line Items] | ||||||||||||||
Requested Revenue Requirement Increase (Decrease), Amended | $ 51 | 5 | ||||||||||||
Requested Revenue Requirement Increase (Decrease) | $ 53 | 21 | ||||||||||||
Requested Return on Equity, Percentage | 8.91% | |||||||||||||
Baltimore Gas and Electric Company [Member] | ||||||||||||||
Regulatory Matters Pending Rate Cases [Line Items] | ||||||||||||||
Requested Revenue Requirement Increase (Decrease), Amended | (19) | |||||||||||||
Requested Revenue Requirement Increase (Decrease) | (10) | |||||||||||||
Electric Distribution [Member] | Commonwealth Edison Co [Member] | ||||||||||||||
Regulatory Matters Pending Rate Cases [Line Items] | ||||||||||||||
Requested Revenue Requirement Increase (Decrease) | $ (6) | $ (23) | $ 57 | |||||||||||
Requested Return on Equity, Percentage | 8.91% | |||||||||||||
Approved Revenue Requirement Increase (Decrease) | $ (24) | $ (63) | ||||||||||||
Requested Return on Distribution Rate Base, Percentage | 6.53% | 6.53% | ||||||||||||
Electric Distribution [Member] | Baltimore Gas and Electric Company [Member] | ||||||||||||||
Regulatory Matters Pending Rate Cases [Line Items] | ||||||||||||||
Requested Revenue Requirement Increase (Decrease) | $ 74 | |||||||||||||
Requested Return on Equity, Percentage | 10.30% | |||||||||||||
Gas Distribution [Member] | Baltimore Gas and Electric Company [Member] | ||||||||||||||
Regulatory Matters Pending Rate Cases [Line Items] | ||||||||||||||
Requested Revenue Requirement Increase (Decrease) | $ 59 | $ 61 | ||||||||||||
Requested Return on Equity, Percentage | 10.30% | |||||||||||||
Approved Revenue Requirement Increase (Decrease) | $ 43 | |||||||||||||
MARYLAND | Electric Distribution [Member] | Potomac Electric Power Company [Member] | ||||||||||||||
Regulatory Matters Pending Rate Cases [Line Items] | ||||||||||||||
Requested Revenue Requirement Increase (Decrease), Amended | $ 27 | |||||||||||||
Requested Return on Equity, Percentage | 10.30% | |||||||||||||
DISTRICT OF COLUMBIA | Electric Distribution [Member] | Potomac Electric Power Company [Member] | ||||||||||||||
Regulatory Matters Pending Rate Cases [Line Items] | ||||||||||||||
Requested Revenue Requirement Increase (Decrease) | $ 162 | |||||||||||||
Requested Return on Equity, Percentage | 10.30% | |||||||||||||
DISTRICT OF COLUMBIA | Forecast [Member] | Electric Distribution [Member] | Potomac Electric Power Company [Member] | ||||||||||||||
Regulatory Matters Pending Rate Cases [Line Items] | ||||||||||||||
Requested Revenue Requirement Increase (Decrease) | $ 37 | $ 40 | $ 85 |
Regulatory Matters - Annual Ele
Regulatory Matters - Annual Electric Transmission Fillings (Details) - USD ($) $ in Millions | May 23, 2019 | Jun. 30, 2019 | Jun. 30, 2019 | Dec. 31, 2018 |
Commonwealth Edison Co [Member] | ||||
Public Utilities, General Disclosures [Line Items] | ||||
Initial Revenue Requirement Increase (Decrease) | $ 53 | $ 21 | ||
Annual Reconciliation Increase (Decrease) | (2) | (16) | ||
Total Revenue Requirement Increase (Decrease) | $ 51 | $ 5 | ||
Allowed Return on Rate Base, Percentage | 8.21% | |||
Allowed Return on Equity, Percentage | 11.50% | 10.91% | ||
Cap on Equity Component of Rate of Return on Common Equity in Federal Energy Regulatory Committee Complaint | 55.00% | |||
Baltimore Gas and Electric Company [Member] | ||||
Public Utilities, General Disclosures [Line Items] | ||||
Initial Revenue Requirement Increase (Decrease) | $ (10) | |||
Annual Reconciliation Increase (Decrease) | (23) | |||
Total Revenue Requirement Increase (Decrease) | $ (19) | |||
Allowed Return on Rate Base, Percentage | 7.35% | |||
Allowed Return on Equity, Percentage | 10.50% | |||
Proposed Capital Expenditure | $ 14 | |||
Potomac Electric Power Company [Member] | ||||
Public Utilities, General Disclosures [Line Items] | ||||
Initial Revenue Requirement Increase (Decrease) | 15 | |||
Annual Reconciliation Increase (Decrease) | 11 | |||
Total Revenue Requirement Increase (Decrease) | $ 26 | |||
Allowed Return on Rate Base, Percentage | 7.75% | |||
Allowed Return on Equity, Percentage | 10.50% | |||
Delmarva Power and Light Company [Member] | ||||
Public Utilities, General Disclosures [Line Items] | ||||
Initial Revenue Requirement Increase (Decrease) | $ 17 | |||
Annual Reconciliation Increase (Decrease) | (1) | |||
Total Revenue Requirement Increase (Decrease) | $ 16 | |||
Allowed Return on Rate Base, Percentage | 7.14% | |||
Allowed Return on Equity, Percentage | 10.50% | |||
Atlantic City Electric Company [Member] | ||||
Public Utilities, General Disclosures [Line Items] | ||||
Initial Revenue Requirement Increase (Decrease) | $ 11 | |||
Annual Reconciliation Increase (Decrease) | (2) | |||
Total Revenue Requirement Increase (Decrease) | $ 9 | |||
Allowed Return on Rate Base, Percentage | 7.79% | |||
Allowed Return on Equity, Percentage | 10.50% | |||
Clean Energy Legislation [Member] | Exelon Generation Co L L C [Member] | ||||
Public Utilities, General Disclosures [Line Items] | ||||
Other Operating Income | $ 10 | $ 10 | ||
Other Operating Income | $ 10 | $ 10 |
Regulatory Matters Energy Effic
Regulatory Matters Energy Efficiency Formula Rate (Details) - Commonwealth Edison Co [Member] - USD ($) $ in Millions | May 23, 2019 | Apr. 08, 2019 | Dec. 04, 2018 | Apr. 16, 2018 | Jun. 30, 2019 | Dec. 31, 2018 |
Schedule of Energy Efficiency Formula Rate Updates [Line Items] | ||||||
Initial Revenue Requirement Increase (Decrease) | $ 53 | $ 21 | ||||
Annual Reconciliation Increase (Decrease) | (2) | (16) | ||||
Total Revenue Requirement Increase (Decrease) | $ 51 | $ 5 | ||||
Requested Return on Equity, Percentage | 8.91% | |||||
Allowed Return on Equity, Percentage | 11.50% | 10.91% | ||||
Allowed Return on Rate Base, Percentage | 8.21% | |||||
Electric Distribution [Member] | ||||||
Schedule of Energy Efficiency Formula Rate Updates [Line Items] | ||||||
Initial Revenue Requirement Increase (Decrease) | $ (6) | $ (23) | $ 57 | |||
Requested Return on Distribution Rate Base, Percentage | 6.53% | 6.53% | ||||
Requested Return on Equity, Percentage | 8.91% | |||||
Allowed Return on Equity, Percentage | 8.69% | |||||
Allowed Return on Rate Base, Percentage | 7.49% |
Regulatory Matters - Capitalize
Regulatory Matters - Capitalized Ratemaking Amount Not Recognized (Details) - USD ($) $ in Millions | Jun. 30, 2019 | Dec. 31, 2018 |
Public Utility, Property, Plant and Equipment [Line Items] | ||
Public Utilities, Amount of Allowance for Earnings on Equity Capitalized for Rate Making Purposes | $ 61 | $ 65 |
Commonwealth Edison Co [Member] | ||
Public Utility, Property, Plant and Equipment [Line Items] | ||
Public Utilities, Amount of Allowance for Earnings on Equity Capitalized for Rate Making Purposes | 5 | 8 |
PECO Energy Co [Member] | ||
Public Utility, Property, Plant and Equipment [Line Items] | ||
Public Utilities, Amount of Allowance for Earnings on Equity Capitalized for Rate Making Purposes | 0 | 0 |
Baltimore Gas and Electric Company [Member] | ||
Public Utility, Property, Plant and Equipment [Line Items] | ||
Public Utilities, Amount of Allowance for Earnings on Equity Capitalized for Rate Making Purposes | 48 | 49 |
Pepco Holdings LLC [Member] | ||
Public Utility, Property, Plant and Equipment [Line Items] | ||
Public Utilities, Amount of Allowance for Earnings on Equity Capitalized for Rate Making Purposes | 8 | 8 |
Potomac Electric Power Company [Member] | ||
Public Utility, Property, Plant and Equipment [Line Items] | ||
Public Utilities, Amount of Allowance for Earnings on Equity Capitalized for Rate Making Purposes | 5 | 5 |
Delmarva Power and Light Company [Member] | ||
Public Utility, Property, Plant and Equipment [Line Items] | ||
Public Utilities, Amount of Allowance for Earnings on Equity Capitalized for Rate Making Purposes | 3 | 3 |
Atlantic City Electric Company [Member] | ||
Public Utility, Property, Plant and Equipment [Line Items] | ||
Public Utilities, Amount of Allowance for Earnings on Equity Capitalized for Rate Making Purposes | $ 0 | $ 0 |
Impairment of Long-Lived Asse_2
Impairment of Long-Lived Assets - Narrative (Details) $ in Millions | 6 Months Ended | |
Jun. 30, 2019USD ($)MW | Jun. 30, 2018USD ($) | |
Property, Plant and Equipment [Line Items] | ||
Impairment of long-lived assets | $ 9 | $ 41 |
Exelon Generation Co L L C [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Impairment of long-lived assets | 9 | $ 41 |
Antelope Valley [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Long-lived assets | 740 | |
Impairment of long-lived assets | $ 0 | |
Antelope Valley [Member] | Exelon Generation Co L L C [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Capacity Of Facility Of Company Owned Solar Distribution Generation Facilities | MW | 242 | |
Long-lived assets | $ 740 | |
Impairment of long-lived assets | 0 | |
ExGen Renewables IV, LLC [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Long-lived assets | 1,950 | |
ExGen Renewables IV, LLC [Member] | Exelon Generation Co L L C [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Long-lived assets | $ 1,950 |
Early Plant Retirements - Narra
Early Plant Retirements - Narrative (Details) | Jun. 30, 2019 |
Salem [Member] | Nuclear Plant [Member] | Exelon Generation Co L L C [Member] | |
Property, Plant and Equipment [Line Items] | |
Jointly Owned Utility Plant, Proportionate Ownership Share | 42.59% |
Early Plant Retirements - Preta
Early Plant Retirements - Pretax Expense (Details) - Facility Closing [Member] - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Three Mile Island [Member] | ||||
Accelerated depreciation | $ 71 | $ 145 | ||
Accelerated nuclear fuel amortization | 4 | 9 | ||
Operating and maintenance | 0 | (83) | ||
Restructuring and Related Cost, Incurred Cost | 75 | 71 | ||
TMI,OysterCreek [Member] | ||||
Accelerated depreciation | $ 152 | $ 289 | ||
Accelerated nuclear fuel amortization | 19 | 34 | ||
Operating and maintenance | 2 | 28 | ||
Restructuring and Related Cost, Incurred Cost | 173 | 351 | ||
Exelon Generation Co L L C [Member] | Three Mile Island [Member] | ||||
Accelerated depreciation | 71 | 145 | ||
Accelerated nuclear fuel amortization | 4 | 9 | ||
Operating and maintenance | 0 | (83) | ||
Restructuring and Related Cost, Incurred Cost | $ 75 | $ 71 | ||
Exelon Generation Co L L C [Member] | TMI,OysterCreek [Member] | ||||
Accelerated depreciation | 152 | 289 | ||
Accelerated nuclear fuel amortization | 19 | 34 | ||
Operating and maintenance | 2 | 28 | ||
Restructuring and Related Cost, Incurred Cost | $ 173 | $ 351 |
Early Plant Retirements - Impli
Early Plant Retirements - Implications of Potential Early Plant Retirement on Balance Sheet (Details) - USD ($) $ in Millions | Jun. 30, 2019 | Dec. 31, 2018 |
Implications of Potential Early Plant Retirement [Line Items] | ||
Completed plant, net | $ 78,030 | $ 76,707 |
Mystic Generating Station [Member] | Facility Closing [Member] | ||
Implications of Potential Early Plant Retirement [Line Items] | ||
Materials and supplies inventory | 30 | |
Fuel inventory | 11 | |
Completed plant, net | 896 | |
Construction work in progress | 4 | |
Asset retirement obligation | (1) | |
Exelon Generation Co L L C [Member] | ||
Implications of Potential Early Plant Retirement [Line Items] | ||
Completed plant, net | 23,810 | $ 23,981 |
Exelon Generation Co L L C [Member] | Mystic Generating Station [Member] | Facility Closing [Member] | ||
Implications of Potential Early Plant Retirement [Line Items] | ||
Materials and supplies inventory | 30 | |
Fuel inventory | 11 | |
Completed plant, net | 896 | |
Construction work in progress | 4 | |
Asset retirement obligation | $ (1) |
Fair Value of Financial Asset_3
Fair Value of Financial Assets and Liabilities - Narrative (Details) $ in Millions | Jun. 30, 2019USD ($) |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Equity Securities without Readily Determinable Fair Value, Amount | $ 75 |
Exelon Generation Co L L C [Member] | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Equity Securities without Readily Determinable Fair Value, Amount | 75 |
Fixed Income Securities [Member] | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unfunded Commitments | 121 |
Fixed Income Securities [Member] | Exelon Generation Co L L C [Member] | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unfunded Commitments | 121 |
Middle Market Lending [Member] | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unfunded Commitments | 84 |
Middle Market Lending [Member] | Exelon Generation Co L L C [Member] | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unfunded Commitments | 84 |
Private Equity Funds [Member] | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unfunded Commitments | 396 |
Private Equity Funds [Member] | Exelon Generation Co L L C [Member] | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unfunded Commitments | 396 |
Real Estate Funds [Member] | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unfunded Commitments | 252 |
Real Estate Funds [Member] | Exelon Generation Co L L C [Member] | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unfunded Commitments | $ 252 |
Fair Value of Financial Asset_4
Fair Value of Financial Assets and Liabilities - Fair Value of Financial Liabilities Recorded at Amortized Cost (Details) - USD ($) $ in Millions | Jun. 30, 2019 | Dec. 31, 2018 |
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt to financing trust | $ 390 | $ 390 |
Spent Nuclear Fuel Obligation, Noncurrent | 1,186 | 1,171 |
Reported Value Measurement [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 35,685 | 35,424 |
Long-term debt to financing trust | 390 | 390 |
Spent Nuclear Fuel Obligation, Noncurrent | 1,186 | 1,171 |
Estimate of Fair Value Measurement [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 38,817 | 35,869 |
Long-term debt to financing trust | 415 | 400 |
Spent Nuclear Fuel Obligation, Noncurrent | 1,025 | 949 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 0 | 0 |
Long-term debt to financing trust | 0 | 0 |
Spent Nuclear Fuel Obligation, Noncurrent | 0 | 0 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 36,248 | 33,711 |
Long-term debt to financing trust | 0 | 0 |
Spent Nuclear Fuel Obligation, Noncurrent | 1,025 | 949 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 2,569 | 2,158 |
Long-term debt to financing trust | 415 | 400 |
Spent Nuclear Fuel Obligation, Noncurrent | 0 | 0 |
Exelon Generation Co L L C [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Spent Nuclear Fuel Obligation, Noncurrent | 1,186 | 1,171 |
Exelon Generation Co L L C [Member] | Reported Value Measurement [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 8,704 | 8,793 |
Spent Nuclear Fuel Obligation, Noncurrent | 1,186 | 1,171 |
Exelon Generation Co L L C [Member] | Estimate of Fair Value Measurement [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 9,294 | 8,910 |
Spent Nuclear Fuel Obligation, Noncurrent | 1,025 | 949 |
Exelon Generation Co L L C [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 0 | 0 |
Spent Nuclear Fuel Obligation, Noncurrent | 0 | 0 |
Exelon Generation Co L L C [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 7,822 | 7,467 |
Spent Nuclear Fuel Obligation, Noncurrent | 1,025 | 949 |
Exelon Generation Co L L C [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 1,472 | 1,443 |
Spent Nuclear Fuel Obligation, Noncurrent | 0 | 0 |
Commonwealth Edison Co [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt to financing trust | 205 | 205 |
Commonwealth Edison Co [Member] | Reported Value Measurement [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 8,195 | 8,101 |
Long-term debt to financing trust | 205 | 205 |
Commonwealth Edison Co [Member] | Estimate of Fair Value Measurement [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 9,222 | 8,390 |
Long-term debt to financing trust | 209 | 209 |
Commonwealth Edison Co [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 0 | 0 |
Long-term debt to financing trust | 0 | 0 |
Commonwealth Edison Co [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 9,222 | 8,390 |
Long-term debt to financing trust | 0 | 0 |
Commonwealth Edison Co [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 0 | 0 |
Long-term debt to financing trust | 209 | 209 |
PECO Energy Co [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt to financing trust | 184 | 184 |
PECO Energy Co [Member] | Reported Value Measurement [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 3,085 | 3,084 |
Long-term debt to financing trust | 184 | 184 |
PECO Energy Co [Member] | Estimate of Fair Value Measurement [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 3,465 | 3,207 |
Long-term debt to financing trust | 206 | 191 |
PECO Energy Co [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 0 | 0 |
Long-term debt to financing trust | 0 | 0 |
PECO Energy Co [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 3,415 | 3,157 |
Long-term debt to financing trust | 0 | 0 |
PECO Energy Co [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 50 | 50 |
Long-term debt to financing trust | 206 | 191 |
Baltimore Gas and Electric Company [Member] | Reported Value Measurement [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 2,877 | 2,876 |
Baltimore Gas and Electric Company [Member] | Estimate of Fair Value Measurement [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 3,197 | 2,950 |
Baltimore Gas and Electric Company [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 0 | 0 |
Baltimore Gas and Electric Company [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 3,197 | 2,950 |
Baltimore Gas and Electric Company [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 0 | 0 |
Pepco Holdings LLC [Member] | Reported Value Measurement [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 6,509 | 6,259 |
Pepco Holdings LLC [Member] | Estimate of Fair Value Measurement [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 6,870 | 6,101 |
Pepco Holdings LLC [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 0 | 0 |
Pepco Holdings LLC [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 5,823 | 5,436 |
Pepco Holdings LLC [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 1,047 | 665 |
Potomac Electric Power Company [Member] | Reported Value Measurement [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 2,860 | 2,719 |
Potomac Electric Power Company [Member] | Estimate of Fair Value Measurement [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 3,511 | 3,097 |
Potomac Electric Power Company [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 0 | 0 |
Potomac Electric Power Company [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 3,134 | 2,901 |
Potomac Electric Power Company [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 377 | 196 |
Delmarva Power and Light Company [Member] | Reported Value Measurement [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 1,495 | 1,494 |
Delmarva Power and Light Company [Member] | Estimate of Fair Value Measurement [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 1,614 | 1,496 |
Delmarva Power and Light Company [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 0 | 0 |
Delmarva Power and Light Company [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 1,396 | 1,303 |
Delmarva Power and Light Company [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 218 | 193 |
Atlantic City Electric Company [Member] | Reported Value Measurement [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 1,329 | 1,188 |
Atlantic City Electric Company [Member] | Estimate of Fair Value Measurement [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 1,476 | 1,262 |
Atlantic City Electric Company [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 0 | 0 |
Atlantic City Electric Company [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | 1,025 | 987 |
Atlantic City Electric Company [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract] | ||
Long-term debt (including amounts due within one year) | $ 451 | $ 275 |
Fair Value of Financial Asset_5
Fair Value of Financial Assets and Liabilities - Fair Value Measurements of Assets and Liabilities, Recurring and Nonrecurring (Details) - USD ($) $ in Millions | Jun. 30, 2019 | Dec. 31, 2018 |
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Mark-to-market derivative liabilities (current liabilities) | $ 163 | $ 475 |
Derivative Liability, Noncurrent | 450 | 479 |
Derivative, Collateral, Right to Reclaim Cash | 75 | 50 |
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value | (2) | 44 |
Derivative Asset, Notional Amount | 827 | 1,432 |
Margin Deposit Assets | 358 | (94) |
Cash and Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 447 | 458 |
Restricted cash member [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 83 | 80 |
Other Assets [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 191 | 185 |
Nuclear Decommissioning Trust Fund Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Net assets (liabilities) excluded from nuclear decommissioning trust fund investments | 141 | 130 |
Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 648 | 1,243 |
Assets, Fair Value Disclosure | 15,592 | 15,557 |
Deferred Compensation Liability, Current and Noncurrent | (137) | (137) |
Total Liabilities | (731) | (1,084) |
Fair Value, Net Asset (Liability) | 14,861 | 14,473 |
Fair Value, Recurring [Member] | Commodity Derivative Liabilites [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | (594) | (947) |
Fair Value, Recurring [Member] | Economic Hedging Instrument Liabilites [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | (4,888) | (4,881) |
Fair Value, Recurring [Member] | Proprietary Trading Liabilities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | (115) | (94) |
Fair Value, Recurring [Member] | Effects of Netting and Allocation of Collateral Liabilites [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | 4,409 | 4,028 |
Fair Value, Recurring [Member] | Nuclear Decommissioning Trust Fund Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 13,639 | 12,825 |
Fair Value, Recurring [Member] | Cash Equivalents NDT [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 1,331 | 338 |
Fair Value, Recurring [Member] | Equity Securities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 6,089 | 5,890 |
Fair Value, Recurring [Member] | Fixed Income Securities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 4,536 | 5,078 |
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 1,700 | 1,823 |
Fair Value, Recurring [Member] | US Treasury and Government [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 1,723 | 2,180 |
Fair Value, Recurring [Member] | Debt Security, Government, Non-US [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 58 | 50 |
Fair Value, Recurring [Member] | State and municipal debt [Domain] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 81 | 149 |
Fair Value, Recurring [Member] | Other Fixed Income [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 974 | 876 |
Fair Value, Recurring [Member] | Middle Market Lending [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 747 | 680 |
Fair Value, Recurring [Member] | Private Equity Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 379 | 329 |
Fair Value, Recurring [Member] | Real Estate Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 557 | 510 |
Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 247 | 243 |
Fair Value, Recurring [Member] | Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 49 | 48 |
Fair Value, Recurring [Member] | Mutual Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 73 | 72 |
Fair Value, Recurring [Member] | Fixed Income Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 13 | 15 |
Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 112 | 108 |
Fair Value, Recurring [Member] | Economic Hedging Instrument [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | 4,528 | 4,771 |
Fair Value, Recurring [Member] | Proprietary Trading [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | 183 | 146 |
Fair Value, Recurring [Member] | Effects of netting and allocation of collateral [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | (3,653) | (3,671) |
Fair Value, Recurring [Member] | Commodity Derivative Assets [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | 1,058 | 1,246 |
Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Collateral received from counterparties, net of collateral paid to counterparties | 97 | 57 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 648 | 1,243 |
Assets, Fair Value Disclosure | 6,582 | 6,573 |
Deferred Compensation Liability, Current and Noncurrent | 0 | 0 |
Total Liabilities | 0 | (3) |
Fair Value, Net Asset (Liability) | 6,582 | 6,570 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Commodity Derivative Liabilites [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | 0 | (3) |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Economic Hedging Instrument Liabilites [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | (743) | (642) |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Proprietary Trading Liabilities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Effects of Netting and Allocation of Collateral Liabilites [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | 743 | 639 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Nuclear Decommissioning Trust Fund Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 5,953 | 5,251 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Cash Equivalents NDT [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 1,241 | 252 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Equity Securities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 3,123 | 2,918 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Fixed Income Securities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 1,589 | 2,081 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | US Treasury and Government [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 1,589 | 2,081 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Debt Security, Government, Non-US [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | State and municipal debt [Domain] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Other Fixed Income [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Middle Market Lending [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Private Equity Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Real Estate Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 122 | 120 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 49 | 48 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Mutual Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 73 | 72 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Fixed Income Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Economic Hedging Instrument [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | 505 | 541 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Proprietary Trading [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Effects of netting and allocation of collateral [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | (646) | (582) |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Commodity Derivative Assets [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | (141) | (41) |
Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Collateral received from counterparties, net of collateral paid to counterparties | 396 | 224 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 0 | 0 |
Assets, Fair Value Disclosure | 3,708 | 4,155 |
Deferred Compensation Liability, Current and Noncurrent | (137) | (137) |
Total Liabilities | (282) | (592) |
Fair Value, Net Asset (Liability) | 3,426 | 3,563 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Commodity Derivative Liabilites [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | (145) | (455) |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Economic Hedging Instrument Liabilites [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | (2,539) | (2,963) |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Proprietary Trading Liabilities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | (44) | (73) |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Effects of Netting and Allocation of Collateral Liabilites [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | 2,438 | 2,581 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Nuclear Decommissioning Trust Fund Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 3,473 | 3,598 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Cash Equivalents NDT [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 90 | 86 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Equity Securities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 1,638 | 1,591 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Fixed Income Securities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 1,745 | 1,921 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 1,453 | 1,593 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | US Treasury and Government [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 134 | 99 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Debt Security, Government, Non-US [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 58 | 50 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | State and municipal debt [Domain] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 81 | 149 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Other Fixed Income [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 19 | 30 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Middle Market Lending [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Private Equity Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Real Estate Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 85 | 85 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Mutual Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Fixed Income Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 13 | 15 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 72 | 70 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Economic Hedging Instrument [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | 2,148 | 2,760 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Proprietary Trading [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | 44 | 69 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Effects of netting and allocation of collateral [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | (2,042) | (2,357) |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Commodity Derivative Assets [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | 150 | 472 |
Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Collateral received from counterparties, net of collateral paid to counterparties | 263 | 76 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 0 | 0 |
Assets, Fair Value Disclosure | 1,628 | 1,396 |
Deferred Compensation Liability, Current and Noncurrent | 0 | 0 |
Total Liabilities | (449) | (489) |
Fair Value, Net Asset (Liability) | 1,179 | 907 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Commodity Derivative Liabilites [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | (449) | (489) |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Economic Hedging Instrument Liabilites [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | (1,606) | (1,276) |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Proprietary Trading Liabilities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | (71) | (21) |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Effects of Netting and Allocation of Collateral Liabilites [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | 1,228 | 808 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Nuclear Decommissioning Trust Fund Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 539 | 543 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Cash Equivalents NDT [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Equity Securities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Fixed Income Securities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 247 | 230 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 247 | 230 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | US Treasury and Government [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Debt Security, Government, Non-US [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | State and municipal debt [Domain] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Other Fixed Income [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Middle Market Lending [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 292 | 313 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Private Equity Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Real Estate Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 40 | 38 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Mutual Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Fixed Income Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 40 | 38 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Economic Hedging Instrument [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | 1,875 | 1,470 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Proprietary Trading [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | 139 | 77 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Effects of netting and allocation of collateral [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | (965) | (732) |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Commodity Derivative Assets [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | 1,049 | 815 |
Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 0 | 0 |
Assets, Fair Value Disclosure | 3,674 | 3,433 |
Deferred Compensation Liability, Current and Noncurrent | 0 | 0 |
Total Liabilities | 0 | 0 |
Fair Value, Net Asset (Liability) | 3,674 | 3,433 |
Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Commodity Derivative Liabilites [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | 0 | 0 |
Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Economic Hedging Instrument Liabilites [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | 0 | 0 |
Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Proprietary Trading Liabilities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | 0 | 0 |
Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Effects of Netting and Allocation of Collateral Liabilites [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | 0 | 0 |
Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Nuclear Decommissioning Trust Fund Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 3,674 | 3,433 |
Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Cash Equivalents NDT [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Equity Securities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 1,328 | 1,381 |
Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Fixed Income Securities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 955 | 846 |
Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | US Treasury and Government [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Debt Security, Government, Non-US [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | State and municipal debt [Domain] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Other Fixed Income [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 955 | 846 |
Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Middle Market Lending [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 455 | 367 |
Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Private Equity Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 379 | 329 |
Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Real Estate Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 557 | 510 |
Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Mutual Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Fixed Income Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Economic Hedging Instrument [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | 0 | 0 |
Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Proprietary Trading [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | 0 | 0 |
Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Effects of netting and allocation of collateral [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | 0 | 0 |
Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Commodity Derivative Assets [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | 0 | 0 |
Exelon Generation Co L L C [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Mark-to-market derivative liabilities (current liabilities) | 134 | 449 |
Derivative Liability, Noncurrent | 206 | 252 |
Derivative, Collateral, Right to Reclaim Cash | 75 | 50 |
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value | (2) | 44 |
Derivative Asset, Notional Amount | 827 | 1,432 |
Margin Deposit Assets | 358 | (94) |
Exelon Generation Co L L C [Member] | Cash and Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 329 | 283 |
Exelon Generation Co L L C [Member] | Restricted cash member [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 45 | 39 |
Exelon Generation Co L L C [Member] | Nuclear Decommissioning Trust Fund Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Net assets (liabilities) excluded from nuclear decommissioning trust fund investments | 141 | 130 |
Exelon Generation Co L L C [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 323 | 581 |
Assets, Fair Value Disclosure | 15,070 | 14,703 |
Deferred Compensation Liability, Current and Noncurrent | (36) | (35) |
Total Liabilities | (357) | (733) |
Fair Value, Net Asset (Liability) | 14,713 | 13,970 |
Exelon Generation Co L L C [Member] | Fair Value, Recurring [Member] | Commodity Derivative Liabilites [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | (321) | (698) |
Exelon Generation Co L L C [Member] | Fair Value, Recurring [Member] | Economic Hedging Instrument Liabilites [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | (4,615) | (4,632) |
Exelon Generation Co L L C [Member] | Fair Value, Recurring [Member] | Proprietary Trading Liabilities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | (115) | (94) |
Exelon Generation Co L L C [Member] | Fair Value, Recurring [Member] | Effects of Netting and Allocation of Collateral Liabilites [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | 4,409 | 4,028 |
Exelon Generation Co L L C [Member] | Fair Value, Recurring [Member] | Nuclear Decommissioning Trust Fund Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 13,639 | 12,825 |
Exelon Generation Co L L C [Member] | Fair Value, Recurring [Member] | Cash Equivalents NDT [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 1,331 | 338 |
Exelon Generation Co L L C [Member] | Fair Value, Recurring [Member] | Equity Securities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 6,089 | 5,890 |
Exelon Generation Co L L C [Member] | Fair Value, Recurring [Member] | Fixed Income Securities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 4,536 | 5,078 |
Exelon Generation Co L L C [Member] | Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 1,700 | 1,823 |
Exelon Generation Co L L C [Member] | Fair Value, Recurring [Member] | US Treasury and Government [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 1,723 | 2,180 |
Exelon Generation Co L L C [Member] | Fair Value, Recurring [Member] | Debt Security, Government, Non-US [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 58 | 50 |
Exelon Generation Co L L C [Member] | Fair Value, Recurring [Member] | State and municipal debt [Domain] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 81 | 149 |
Exelon Generation Co L L C [Member] | Fair Value, Recurring [Member] | Other Fixed Income [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 974 | 876 |
Exelon Generation Co L L C [Member] | Fair Value, Recurring [Member] | Middle Market Lending [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 747 | 680 |
Exelon Generation Co L L C [Member] | Fair Value, Recurring [Member] | Private Equity Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 379 | 329 |
Exelon Generation Co L L C [Member] | Fair Value, Recurring [Member] | Real Estate Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 557 | 510 |
Exelon Generation Co L L C [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 50 | 51 |
Exelon Generation Co L L C [Member] | Fair Value, Recurring [Member] | Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 4 | 5 |
Exelon Generation Co L L C [Member] | Fair Value, Recurring [Member] | Mutual Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 23 | 24 |
Exelon Generation Co L L C [Member] | Fair Value, Recurring [Member] | Fixed Income Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 23 | 22 |
Exelon Generation Co L L C [Member] | Fair Value, Recurring [Member] | Economic Hedging Instrument [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | 4,528 | 4,771 |
Exelon Generation Co L L C [Member] | Fair Value, Recurring [Member] | Proprietary Trading [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | 183 | 146 |
Exelon Generation Co L L C [Member] | Fair Value, Recurring [Member] | Effects of netting and allocation of collateral [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | (3,653) | (3,671) |
Exelon Generation Co L L C [Member] | Fair Value, Recurring [Member] | Commodity Derivative Assets [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | 1,058 | 1,246 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Collateral received from counterparties, net of collateral paid to counterparties | 97 | 57 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 323 | 581 |
Assets, Fair Value Disclosure | 6,162 | 5,820 |
Deferred Compensation Liability, Current and Noncurrent | 0 | 0 |
Total Liabilities | 0 | (3) |
Fair Value, Net Asset (Liability) | 6,162 | 5,817 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Commodity Derivative Liabilites [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | 0 | (3) |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Economic Hedging Instrument Liabilites [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | (743) | (642) |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Proprietary Trading Liabilities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Effects of Netting and Allocation of Collateral Liabilites [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | 743 | 639 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Nuclear Decommissioning Trust Fund Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 5,953 | 5,251 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Cash Equivalents NDT [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 1,241 | 252 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Equity Securities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 3,123 | 2,918 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Fixed Income Securities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 1,589 | 2,081 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | US Treasury and Government [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 1,589 | 2,081 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Debt Security, Government, Non-US [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | State and municipal debt [Domain] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Other Fixed Income [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Middle Market Lending [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Private Equity Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Real Estate Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 27 | 29 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 4 | 5 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Mutual Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 23 | 24 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Fixed Income Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Economic Hedging Instrument [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | 505 | 541 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Proprietary Trading [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Effects of netting and allocation of collateral [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | (646) | (582) |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Commodity Derivative Assets [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | (141) | (41) |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Collateral received from counterparties, net of collateral paid to counterparties | 396 | 224 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 0 | 0 |
Assets, Fair Value Disclosure | 3,646 | 4,092 |
Deferred Compensation Liability, Current and Noncurrent | (36) | (35) |
Total Liabilities | (181) | (490) |
Fair Value, Net Asset (Liability) | 3,465 | 3,602 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Commodity Derivative Liabilites [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | (145) | (455) |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Economic Hedging Instrument Liabilites [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | (2,539) | (2,963) |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Proprietary Trading Liabilities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | (44) | (73) |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Effects of Netting and Allocation of Collateral Liabilites [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | 2,438 | 2,581 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Nuclear Decommissioning Trust Fund Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 3,473 | 3,598 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Cash Equivalents NDT [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 90 | 86 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Equity Securities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 1,638 | 1,591 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Fixed Income Securities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 1,745 | 1,921 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 1,453 | 1,593 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | US Treasury and Government [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 134 | 99 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Debt Security, Government, Non-US [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 58 | 50 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | State and municipal debt [Domain] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 81 | 149 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Other Fixed Income [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 19 | 30 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Middle Market Lending [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Private Equity Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Real Estate Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 23 | 22 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Mutual Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Fixed Income Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 23 | 22 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Economic Hedging Instrument [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | 2,148 | 2,760 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Proprietary Trading [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | 44 | 69 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Effects of netting and allocation of collateral [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | (2,042) | (2,357) |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Commodity Derivative Assets [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | 150 | 472 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Collateral received from counterparties, net of collateral paid to counterparties | 263 | 76 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 0 | 0 |
Assets, Fair Value Disclosure | 1,588 | 1,358 |
Deferred Compensation Liability, Current and Noncurrent | 0 | 0 |
Total Liabilities | (176) | (240) |
Fair Value, Net Asset (Liability) | 1,412 | 1,118 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Commodity Derivative Liabilites [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | (176) | (240) |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Economic Hedging Instrument Liabilites [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | (1,333) | (1,027) |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Proprietary Trading Liabilities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | (71) | (21) |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Effects of Netting and Allocation of Collateral Liabilites [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | 1,228 | 808 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Nuclear Decommissioning Trust Fund Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 539 | 543 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Cash Equivalents NDT [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Equity Securities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Fixed Income Securities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 247 | 230 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 247 | 230 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | US Treasury and Government [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Debt Security, Government, Non-US [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | State and municipal debt [Domain] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Other Fixed Income [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Middle Market Lending [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 292 | 313 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Private Equity Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Real Estate Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Mutual Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Fixed Income Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Economic Hedging Instrument [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | 1,875 | 1,470 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Proprietary Trading [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | 139 | 77 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Effects of netting and allocation of collateral [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | (965) | (732) |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Commodity Derivative Assets [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | 1,049 | 815 |
Exelon Generation Co L L C [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 0 | 0 |
Assets, Fair Value Disclosure | 3,674 | 3,433 |
Deferred Compensation Liability, Current and Noncurrent | 0 | 0 |
Total Liabilities | 0 | 0 |
Fair Value, Net Asset (Liability) | 3,674 | 3,433 |
Exelon Generation Co L L C [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Commodity Derivative Liabilites [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Economic Hedging Instrument Liabilites [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Proprietary Trading Liabilities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Effects of Netting and Allocation of Collateral Liabilites [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Nuclear Decommissioning Trust Fund Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 3,674 | 3,433 |
Exelon Generation Co L L C [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Cash Equivalents NDT [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Equity Securities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 1,328 | 1,381 |
Exelon Generation Co L L C [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Fixed Income Securities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 955 | 846 |
Exelon Generation Co L L C [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | US Treasury and Government [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Debt Security, Government, Non-US [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | State and municipal debt [Domain] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Other Fixed Income [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 955 | 846 |
Exelon Generation Co L L C [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Middle Market Lending [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 455 | 367 |
Exelon Generation Co L L C [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Private Equity Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 379 | 329 |
Exelon Generation Co L L C [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Real Estate Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 557 | 510 |
Exelon Generation Co L L C [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Mutual Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Fixed Income Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Economic Hedging Instrument [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Proprietary Trading [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Effects of netting and allocation of collateral [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | 0 | 0 |
Exelon Generation Co L L C [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Fair Value, Recurring [Member] | Commodity Derivative Assets [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Derivative Asset | 0 | 0 |
Commonwealth Edison Co [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Mark-to-market derivative liabilities (current liabilities) | 29 | 26 |
Derivative Liability, Noncurrent | 244 | 223 |
Commonwealth Edison Co [Member] | Cash and Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 65 | 93 |
Commonwealth Edison Co [Member] | Restricted cash member [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 29 | 28 |
Commonwealth Edison Co [Member] | Other Assets [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 174 | 166 |
Commonwealth Edison Co [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 222 | 209 |
Assets, Fair Value Disclosure | 222 | 209 |
Total mark-to-market derivative liabilities | (273) | (249) |
Deferred Compensation Liability, Current and Noncurrent | (7) | (6) |
Total Liabilities | (280) | (255) |
Fair Value, Net Asset (Liability) | (58) | (46) |
Commonwealth Edison Co [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Commonwealth Edison Co [Member] | Fair Value, Recurring [Member] | Mutual Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Commonwealth Edison Co [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Commonwealth Edison Co [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 222 | 209 |
Assets, Fair Value Disclosure | 222 | 209 |
Total mark-to-market derivative liabilities | 0 | 0 |
Deferred Compensation Liability, Current and Noncurrent | 0 | 0 |
Total Liabilities | 0 | 0 |
Fair Value, Net Asset (Liability) | 222 | 209 |
Commonwealth Edison Co [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Commonwealth Edison Co [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Mutual Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Commonwealth Edison Co [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Commonwealth Edison Co [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 0 | 0 |
Assets, Fair Value Disclosure | 0 | 0 |
Total mark-to-market derivative liabilities | 0 | 0 |
Deferred Compensation Liability, Current and Noncurrent | (7) | (6) |
Total Liabilities | (7) | (6) |
Fair Value, Net Asset (Liability) | (7) | (6) |
Commonwealth Edison Co [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Commonwealth Edison Co [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Mutual Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Commonwealth Edison Co [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Commonwealth Edison Co [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 0 | 0 |
Assets, Fair Value Disclosure | 0 | 0 |
Total mark-to-market derivative liabilities | (273) | (249) |
Deferred Compensation Liability, Current and Noncurrent | 0 | 0 |
Total Liabilities | (273) | (249) |
Fair Value, Net Asset (Liability) | (273) | (249) |
Commonwealth Edison Co [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Commonwealth Edison Co [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Mutual Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Commonwealth Edison Co [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
PECO Energy Co [Member] | Cash and Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 17 | 24 |
PECO Energy Co [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 9 | 111 |
Assets, Fair Value Disclosure | 26 | 128 |
Total mark-to-market derivative liabilities | 0 | 0 |
Deferred Compensation Liability, Current and Noncurrent | (8) | (10) |
Total Liabilities | (8) | (10) |
Fair Value, Net Asset (Liability) | 18 | 118 |
PECO Energy Co [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 17 | 17 |
PECO Energy Co [Member] | Fair Value, Recurring [Member] | Mutual Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 7 | 7 |
PECO Energy Co [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 10 | 10 |
PECO Energy Co [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 9 | 111 |
Assets, Fair Value Disclosure | 16 | 118 |
Total mark-to-market derivative liabilities | 0 | 0 |
Deferred Compensation Liability, Current and Noncurrent | 0 | 0 |
Total Liabilities | 0 | 0 |
Fair Value, Net Asset (Liability) | 16 | 118 |
PECO Energy Co [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 7 | 7 |
PECO Energy Co [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Mutual Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 7 | 7 |
PECO Energy Co [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
PECO Energy Co [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 0 | 0 |
Assets, Fair Value Disclosure | 10 | 10 |
Total mark-to-market derivative liabilities | 0 | 0 |
Deferred Compensation Liability, Current and Noncurrent | (8) | (10) |
Total Liabilities | (8) | (10) |
Fair Value, Net Asset (Liability) | 2 | 0 |
PECO Energy Co [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 10 | 10 |
PECO Energy Co [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Mutual Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
PECO Energy Co [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 10 | 10 |
PECO Energy Co [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 0 | 0 |
Assets, Fair Value Disclosure | 0 | 0 |
Total mark-to-market derivative liabilities | 0 | 0 |
Deferred Compensation Liability, Current and Noncurrent | 0 | 0 |
Total Liabilities | 0 | 0 |
Fair Value, Net Asset (Liability) | 0 | 0 |
PECO Energy Co [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
PECO Energy Co [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Mutual Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
PECO Energy Co [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Baltimore Gas and Electric Company [Member] | Cash and Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 7 | |
Baltimore Gas and Electric Company [Member] | Restricted cash member [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 1 | 2 |
Baltimore Gas and Electric Company [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 1 | 4 |
Assets, Fair Value Disclosure | 8 | 10 |
Total mark-to-market derivative liabilities | 0 | 0 |
Deferred Compensation Liability, Current and Noncurrent | (5) | (5) |
Total Liabilities | (5) | (5) |
Fair Value, Net Asset (Liability) | 3 | 5 |
Baltimore Gas and Electric Company [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 7 | 6 |
Baltimore Gas and Electric Company [Member] | Fair Value, Recurring [Member] | Mutual Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 7 | 6 |
Baltimore Gas and Electric Company [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Baltimore Gas and Electric Company [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 1 | 4 |
Assets, Fair Value Disclosure | 8 | 10 |
Total mark-to-market derivative liabilities | 0 | 0 |
Deferred Compensation Liability, Current and Noncurrent | 0 | 0 |
Total Liabilities | 0 | 0 |
Fair Value, Net Asset (Liability) | 8 | 10 |
Baltimore Gas and Electric Company [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 7 | 6 |
Baltimore Gas and Electric Company [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Mutual Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 7 | 6 |
Baltimore Gas and Electric Company [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Baltimore Gas and Electric Company [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 0 | 0 |
Assets, Fair Value Disclosure | 0 | 0 |
Total mark-to-market derivative liabilities | 0 | 0 |
Deferred Compensation Liability, Current and Noncurrent | (5) | (5) |
Total Liabilities | (5) | (5) |
Fair Value, Net Asset (Liability) | (5) | (5) |
Baltimore Gas and Electric Company [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Baltimore Gas and Electric Company [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Mutual Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Baltimore Gas and Electric Company [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Baltimore Gas and Electric Company [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 0 | 0 |
Assets, Fair Value Disclosure | 0 | 0 |
Total mark-to-market derivative liabilities | 0 | 0 |
Deferred Compensation Liability, Current and Noncurrent | 0 | 0 |
Total Liabilities | 0 | 0 |
Fair Value, Net Asset (Liability) | 0 | 0 |
Baltimore Gas and Electric Company [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Baltimore Gas and Electric Company [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Mutual Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Baltimore Gas and Electric Company [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Pepco Holdings LLC [Member] | Cash and Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 21 | 39 |
Pepco Holdings LLC [Member] | Other Assets [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 17 | 19 |
Pepco Holdings LLC [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 87 | 147 |
Assets, Fair Value Disclosure | 220 | 277 |
Deferred Compensation Liability, Current and Noncurrent | (19) | (21) |
Total Liabilities | (19) | (21) |
Fair Value, Net Asset (Liability) | 201 | 256 |
Pepco Holdings LLC [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 133 | 130 |
Pepco Holdings LLC [Member] | Fair Value, Recurring [Member] | Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 44 | 42 |
Pepco Holdings LLC [Member] | Fair Value, Recurring [Member] | Mutual Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 13 | 13 |
Pepco Holdings LLC [Member] | Fair Value, Recurring [Member] | Fixed Income Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 13 | 15 |
Pepco Holdings LLC [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 63 | 60 |
Pepco Holdings LLC [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 87 | 147 |
Assets, Fair Value Disclosure | 144 | 202 |
Deferred Compensation Liability, Current and Noncurrent | 0 | 0 |
Total Liabilities | 0 | 0 |
Fair Value, Net Asset (Liability) | 144 | 202 |
Pepco Holdings LLC [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 57 | 55 |
Pepco Holdings LLC [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 44 | 42 |
Pepco Holdings LLC [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Mutual Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 13 | 13 |
Pepco Holdings LLC [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Fixed Income Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Pepco Holdings LLC [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Pepco Holdings LLC [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 0 | 0 |
Assets, Fair Value Disclosure | 36 | 37 |
Deferred Compensation Liability, Current and Noncurrent | (19) | (21) |
Total Liabilities | (19) | (21) |
Fair Value, Net Asset (Liability) | 17 | 16 |
Pepco Holdings LLC [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 36 | 37 |
Pepco Holdings LLC [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Pepco Holdings LLC [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Mutual Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Pepco Holdings LLC [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Fixed Income Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 13 | 15 |
Pepco Holdings LLC [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 23 | 22 |
Pepco Holdings LLC [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 0 | 0 |
Assets, Fair Value Disclosure | 40 | 38 |
Deferred Compensation Liability, Current and Noncurrent | 0 | 0 |
Total Liabilities | 0 | 0 |
Fair Value, Net Asset (Liability) | 40 | 38 |
Pepco Holdings LLC [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 40 | 38 |
Pepco Holdings LLC [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Pepco Holdings LLC [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Mutual Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Pepco Holdings LLC [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Fixed Income Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Pepco Holdings LLC [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 40 | 38 |
Potomac Electric Power Company [Member] | Cash and Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 12 | 15 |
Potomac Electric Power Company [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 40 | 38 |
Assets, Fair Value Disclosure | 148 | 143 |
Deferred Compensation Liability, Current and Noncurrent | (2) | (3) |
Total Liabilities | (2) | (3) |
Fair Value, Net Asset (Liability) | 146 | 140 |
Potomac Electric Power Company [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 108 | 105 |
Potomac Electric Power Company [Member] | Fair Value, Recurring [Member] | Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 43 | 41 |
Potomac Electric Power Company [Member] | Fair Value, Recurring [Member] | Fixed Income Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 3 | 5 |
Potomac Electric Power Company [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 62 | 59 |
Potomac Electric Power Company [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 40 | 38 |
Assets, Fair Value Disclosure | 83 | 79 |
Deferred Compensation Liability, Current and Noncurrent | 0 | 0 |
Total Liabilities | 0 | 0 |
Fair Value, Net Asset (Liability) | 83 | 79 |
Potomac Electric Power Company [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 43 | 41 |
Potomac Electric Power Company [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 43 | 41 |
Potomac Electric Power Company [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Fixed Income Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Potomac Electric Power Company [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Potomac Electric Power Company [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 0 | 0 |
Assets, Fair Value Disclosure | 26 | 27 |
Deferred Compensation Liability, Current and Noncurrent | (2) | (3) |
Total Liabilities | (2) | (3) |
Fair Value, Net Asset (Liability) | 24 | 24 |
Potomac Electric Power Company [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 26 | 27 |
Potomac Electric Power Company [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Potomac Electric Power Company [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Fixed Income Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 3 | 5 |
Potomac Electric Power Company [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 23 | 22 |
Potomac Electric Power Company [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 0 | 0 |
Assets, Fair Value Disclosure | 39 | 37 |
Deferred Compensation Liability, Current and Noncurrent | 0 | 0 |
Total Liabilities | 0 | 0 |
Fair Value, Net Asset (Liability) | 39 | 37 |
Potomac Electric Power Company [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 39 | 37 |
Potomac Electric Power Company [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Potomac Electric Power Company [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Fixed Income Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Potomac Electric Power Company [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 39 | 37 |
Delmarva Power and Light Company [Member] | Cash and Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 3 | 8 |
Delmarva Power and Light Company [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 1 | 16 |
Assets, Fair Value Disclosure | 1 | 16 |
Deferred Compensation Liability, Current and Noncurrent | 0 | (1) |
Total Liabilities | 0 | (1) |
Fair Value, Net Asset (Liability) | 1 | 15 |
Delmarva Power and Light Company [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Delmarva Power and Light Company [Member] | Fair Value, Recurring [Member] | Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Delmarva Power and Light Company [Member] | Fair Value, Recurring [Member] | Fixed Income Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Delmarva Power and Light Company [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Delmarva Power and Light Company [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 1 | 16 |
Assets, Fair Value Disclosure | 1 | 16 |
Deferred Compensation Liability, Current and Noncurrent | 0 | 0 |
Total Liabilities | 0 | 0 |
Fair Value, Net Asset (Liability) | 1 | 16 |
Delmarva Power and Light Company [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Delmarva Power and Light Company [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Delmarva Power and Light Company [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Fixed Income Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Delmarva Power and Light Company [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Delmarva Power and Light Company [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 0 | 0 |
Assets, Fair Value Disclosure | 0 | 0 |
Deferred Compensation Liability, Current and Noncurrent | 0 | (1) |
Total Liabilities | 0 | (1) |
Fair Value, Net Asset (Liability) | 0 | (1) |
Delmarva Power and Light Company [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Delmarva Power and Light Company [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Delmarva Power and Light Company [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Fixed Income Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Delmarva Power and Light Company [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Delmarva Power and Light Company [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 0 | 0 |
Assets, Fair Value Disclosure | 0 | 0 |
Deferred Compensation Liability, Current and Noncurrent | 0 | 0 |
Total Liabilities | 0 | 0 |
Fair Value, Net Asset (Liability) | 0 | 0 |
Delmarva Power and Light Company [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Delmarva Power and Light Company [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Delmarva Power and Light Company [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Fixed Income Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Delmarva Power and Light Company [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Atlantic City Electric Company [Member] | Cash and Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 4 | 7 |
Atlantic City Electric Company [Member] | Other Assets [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 17 | 19 |
Atlantic City Electric Company [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 19 | 23 |
Assets, Fair Value Disclosure | 19 | 23 |
Deferred Compensation Liability, Current and Noncurrent | 0 | 0 |
Total Liabilities | 0 | 0 |
Fair Value, Net Asset (Liability) | 19 | 23 |
Atlantic City Electric Company [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Atlantic City Electric Company [Member] | Fair Value, Recurring [Member] | Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Atlantic City Electric Company [Member] | Fair Value, Recurring [Member] | Fixed Income Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Atlantic City Electric Company [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Atlantic City Electric Company [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 19 | 23 |
Assets, Fair Value Disclosure | 19 | 23 |
Deferred Compensation Liability, Current and Noncurrent | 0 | 0 |
Total Liabilities | 0 | 0 |
Fair Value, Net Asset (Liability) | 19 | 23 |
Atlantic City Electric Company [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Atlantic City Electric Company [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Atlantic City Electric Company [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Fixed Income Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Atlantic City Electric Company [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Atlantic City Electric Company [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 0 | 0 |
Assets, Fair Value Disclosure | 0 | 0 |
Deferred Compensation Liability, Current and Noncurrent | 0 | 0 |
Total Liabilities | 0 | 0 |
Fair Value, Net Asset (Liability) | 0 | 0 |
Atlantic City Electric Company [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Atlantic City Electric Company [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Atlantic City Electric Company [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Fixed Income Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Atlantic City Electric Company [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Atlantic City Electric Company [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 0 | 0 |
Assets, Fair Value Disclosure | 0 | 0 |
Deferred Compensation Liability, Current and Noncurrent | 0 | 0 |
Total Liabilities | 0 | 0 |
Fair Value, Net Asset (Liability) | 0 | 0 |
Atlantic City Electric Company [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Atlantic City Electric Company [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Atlantic City Electric Company [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Fixed Income Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Atlantic City Electric Company [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | $ 0 | $ 0 |
Fair Value of Financial Asset_6
Fair Value of Financial Assets and Liabilities - Fair Value Assets Liabilities Measured On Recurring Basis Unobservable Input Reconciliation (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | |
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | $ 0 | |||||||
Fair Value, Inputs, Level 3 [Member] | ||||||||
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | $ 1,179 | $ 1,106 | $ 1,179 | $ 1,106 | $ 838 | $ 907 | $ 1,283 | 966 |
Total realized / unrealized gains (losses) | ||||||||
Included in net income | 275 | (112) | 46 | 74 | ||||
Included in noncurrent payables to affiliates | 0 | 0 | 0 | 0 | ||||
Included in regulatory assets | (23) | 12 | (3) | 7 | ||||
Change in collateral | 106 | (49) | 187 | 57 | ||||
Purchases, sales, issuances and settlements | ||||||||
Purchases | 51 | 30 | 110 | 119 | ||||
Sales | (1) | (1) | (1) | (4) | ||||
Settlements | (53) | (26) | (70) | (74) | ||||
Transfers into Level 3 | 3 | (15) | 3 | (23) | ||||
Transfers out of Level 3 | (17) | (16) | 0 | 16 | ||||
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) | 339 | 3 | 191 | 259 | ||||
Fair Value, Inputs, Level 3 [Member] | Consolidation, Eliminations [Member] | ||||||||
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Total realized / unrealized gains (losses) | ||||||||
Included in net income | 0 | 0 | 0 | 0 | ||||
Included in noncurrent payables to affiliates | (10) | 3 | (21) | (3) | ||||
Included in regulatory assets | 10 | (3) | 21 | 3 | ||||
Change in collateral | 0 | 0 | 0 | |||||
Purchases, sales, issuances and settlements | ||||||||
Purchases | 0 | 0 | 0 | 0 | ||||
Sales | 0 | 0 | 0 | 0 | ||||
Settlements | 0 | 0 | 0 | 0 | ||||
Transfers into Level 3 | 0 | 0 | 0 | 0 | ||||
Transfers out of Level 3 | 0 | 0 | 0 | 0 | ||||
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) | 0 | 0 | 0 | 0 | ||||
Exelon Generation Co L L C [Member] | ||||||||
Footnotes To Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Abstract] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis, Gain (Loss) Included in Earnings | 65 | 120 | 145 | 192 | ||||
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||||
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 1,412 | 1,322 | 1,412 | 1,322 | 1,039 | 1,118 | 1,527 | 1,200 |
Total realized / unrealized gains (losses) | ||||||||
Included in net income | 274 | (113) | 44 | 72 | ||||
Included in noncurrent payables to affiliates | 10 | (3) | 21 | 3 | ||||
Included in regulatory assets | 0 | 0 | 0 | 0 | ||||
Change in collateral | 106 | (49) | 187 | 57 | ||||
Purchases, sales, issuances and settlements | ||||||||
Purchases | 51 | 30 | 110 | 119 | ||||
Sales | (1) | (1) | (1) | (4) | ||||
Settlements | (53) | (38) | (70) | (86) | ||||
Transfers into Level 3 | 3 | (15) | 3 | (23) | ||||
Transfers out of Level 3 | (17) | (16) | 0 | (16) | ||||
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) | 338 | 3 | 189 | 259 | ||||
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Nuclear Decommissioning Trust Fund Investments [Member] | ||||||||
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 539 | 585 | 539 | 585 | 540 | 543 | 609 | 648 |
Total realized / unrealized gains (losses) | ||||||||
Included in net income | 2 | 0 | 3 | 1 | ||||
Included in noncurrent payables to affiliates | 10 | (3) | 21 | 3 | ||||
Included in regulatory assets | 0 | 0 | ||||||
Change in collateral | 0 | 0 | 0 | 0 | ||||
Purchases, sales, issuances and settlements | ||||||||
Purchases | 40 | 17 | 42 | 19 | ||||
Sales | 0 | 0 | 0 | 0 | ||||
Settlements | (53) | (38) | (70) | (86) | ||||
Transfers into Level 3 | 0 | 0 | 0 | 0 | ||||
Transfers out of Level 3 | 0 | 0 | 0 | 0 | ||||
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) | 1 | (4) | 3 | (4) | ||||
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Derivative [Member] | ||||||||
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 873 | 737 | 873 | 737 | 499 | 575 | 918 | 552 |
Total realized / unrealized gains (losses) | ||||||||
Included in net income | 272 | (113) | 41 | 71 | ||||
Included in noncurrent payables to affiliates | 0 | 0 | 0 | 0 | ||||
Included in regulatory assets | 0 | 0 | ||||||
Change in collateral | 106 | (49) | 187 | 57 | ||||
Purchases, sales, issuances and settlements | ||||||||
Purchases | 11 | 13 | 68 | 100 | ||||
Sales | (1) | (1) | (1) | (4) | ||||
Settlements | 0 | 0 | 0 | 0 | ||||
Transfers into Level 3 | 3 | (15) | 3 | (23) | ||||
Transfers out of Level 3 | (17) | (16) | 0 | (16) | ||||
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) | 337 | 7 | 186 | 263 | ||||
Commonwealth Edison Co [Member] | Derivative [Member] | Interest Rate Swap [Member] | ||||||||
Footnotes To Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Abstract] | ||||||||
Realized Investment Gains (Losses) | 8 | 13 | 4 | 10 | ||||
Commonwealth Edison Co [Member] | Fair Value, Inputs, Level 3 [Member] | Derivative [Member] | ||||||||
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | (273) | (252) | (273) | (252) | (240) | (249) | (267) | (256) |
Total realized / unrealized gains (losses) | ||||||||
Included in net income | 0 | 0 | 0 | 0 | ||||
Included in noncurrent payables to affiliates | 0 | 0 | 0 | 0 | ||||
Included in regulatory assets | (33) | 15 | (24) | 4 | ||||
Change in collateral | 0 | 0 | 0 | 0 | ||||
Purchases, sales, issuances and settlements | ||||||||
Purchases | 0 | 0 | 0 | 0 | ||||
Sales | 0 | 0 | 0 | 0 | ||||
Settlements | 0 | 0 | 0 | 0 | ||||
Transfers into Level 3 | 0 | 0 | 0 | 0 | ||||
Transfers out of Level 3 | 0 | 0 | 0 | 0 | ||||
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) | 0 | 0 | 0 | 0 | ||||
Footnotes To Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Abstract] | ||||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease) | (41) | 37 | (11) | 6 | ||||
Pepco Holdings LLC [Member] | Fair Value, Inputs, Level 3 [Member] | 6311 Life Insurance [Member] | ||||||||
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 40 | 36 | 40 | 36 | 39 | 38 | 23 | 22 |
Total realized / unrealized gains (losses) | ||||||||
Included in net income | 1 | 1 | 2 | 2 | ||||
Included in noncurrent payables to affiliates | 0 | 0 | 0 | 0 | ||||
Included in regulatory assets | 0 | 0 | 0 | 0 | ||||
Change in collateral | 0 | 0 | 0 | 0 | ||||
Purchases, sales, issuances and settlements | ||||||||
Purchases | 0 | 0 | 0 | 0 | ||||
Sales | 0 | 0 | 0 | 0 | ||||
Settlements | 0 | 12 | 0 | 12 | ||||
Transfers into Level 3 | 0 | 0 | 0 | 0 | ||||
Transfers out of Level 3 | 0 | 0 | 0 | 0 | ||||
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) | 1 | 0 | 2 | 0 | ||||
Potomac Electric Power Company [Member] | Fair Value, Inputs, Level 3 [Member] | 6311 Life Insurance [Member] | ||||||||
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 40 | 36 | 40 | 36 | $ 39 | $ 38 | $ 23 | $ 22 |
Total realized / unrealized gains (losses) | ||||||||
Included in net income | 1 | 1 | 2 | 2 | ||||
Included in noncurrent payables to affiliates | 0 | 0 | 0 | 0 | ||||
Included in regulatory assets | 0 | 0 | 0 | 0 | ||||
Change in collateral | 0 | 0 | 0 | 0 | ||||
Purchases, sales, issuances and settlements | ||||||||
Purchases | 0 | 0 | 0 | 0 | ||||
Sales | 0 | 0 | 0 | 0 | ||||
Settlements | 0 | 12 | 0 | 12 | ||||
Transfers into Level 3 | 0 | 0 | 0 | 0 | ||||
Transfers out of Level 3 | 0 | 0 | 0 | |||||
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) | $ 1 | $ 0 | $ 2 | $ 0 |
Fair Value of Financial Asset_7
Fair Value of Financial Assets and Liabilities - Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings (Details) - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings [Line Items] | ||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings | $ (275) | $ 112 | $ (46) | $ (74) |
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) | 339 | 3 | 191 | 259 |
Operating Revenue [Member] | ||||
Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings [Line Items] | ||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings | 275 | (191) | 147 | 144 |
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) | 360 | (71) | 269 | 238 |
Purchased Power And Fuel [Member] | ||||
Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings [Line Items] | ||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings | (3) | 78 | (106) | (73) |
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) | (23) | 78 | (83) | 25 |
Operating and Maintenance [Member] | ||||
Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings [Line Items] | ||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings | 1 | 1 | 2 | 2 |
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) | 1 | 0 | 2 | 0 |
Other, net [Member] | ||||
Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings [Line Items] | ||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings | 2 | 0 | 3 | 2 |
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) | 1 | (4) | 3 | (3) |
Exelon Generation Co L L C [Member] | ||||
Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings [Line Items] | ||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings | (274) | 113 | (44) | (72) |
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) | 338 | 3 | 189 | 259 |
Exelon Generation Co L L C [Member] | Operating Revenue [Member] | ||||
Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings [Line Items] | ||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings | 275 | (191) | 147 | 144 |
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) | 360 | (71) | 269 | 238 |
Exelon Generation Co L L C [Member] | Purchased Power And Fuel [Member] | ||||
Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings [Line Items] | ||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings | (3) | 78 | (106) | (73) |
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) | (23) | 78 | (83) | 25 |
Exelon Generation Co L L C [Member] | Other, net [Member] | ||||
Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings [Line Items] | ||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings | 2 | 0 | 3 | 2 |
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) | 1 | (4) | 3 | (3) |
Pepco Holdings LLC [Member] | Operating and Maintenance [Member] | ||||
Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings [Line Items] | ||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings | 1 | 1 | 2 | 2 |
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) | 1 | 0 | 2 | 0 |
Potomac Electric Power Company [Member] | Operating and Maintenance [Member] | ||||
Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings [Line Items] | ||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings | 1 | 1 | 2 | 2 |
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) | $ 1 | $ 0 | $ 2 | $ 0 |
Fair Value of Financial Asset_8
Fair Value of Financial Assets and Liabilities - Fair Value Inputs Assets Quantitative Information (Details) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2019USD ($) | Dec. 31, 2018USD ($) | |
Derivatives Fair Value Footnotes [Abstract] | ||
Cash Collateral Posted | $ 25,000,000 | |
Fair Value, Inputs, Level 3 [Member] | ||
Derivatives Fair Value Footnotes [Abstract] | ||
Cash Collateral Posted | 263,000,000 | $ 76,000,000 |
Fair Value, Inputs, Level 3 [Member] | Economic Hedges [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Asset, Fair Value, Amount Not Offset Against Collateral | 542,000,000 | 443,000,000 |
Fair Value, Inputs, Level 3 [Member] | Derivative [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liability, Fair Value, Amount Not Offset Against Collateral | (273,000,000) | (249,000,000) |
Fair Value, Inputs, Level 3 [Member] | Derivative [Member] | Discounted Cash Flow [Member] | Minimum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Abstract] | ||
Forward power price assets | 10 | 12 |
Forward gas price assets | $ 1.54 | $ 0.78 |
Derivative Asset (Liability) Net, Measurement Input | 0.04 | 0.04 |
Forward heat rate | 900.00% | 1000.00% |
Fair Value Inputs Renewable Factor | 88.00% | 86.00% |
Fair Value, Inputs, Level 3 [Member] | Derivative [Member] | Discounted Cash Flow [Member] | Maximum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Abstract] | ||
Forward power price assets | $ 118 | $ 174 |
Forward gas price assets | $ 11.26 | $ 12.38 |
Derivative Asset (Liability) Net, Measurement Input | 0.07 | 0.08 |
Forward heat rate | 1000.00% | 1100.00% |
Fair Value Inputs Renewable Factor | 119.00% | 120.00% |
Fair Value, Inputs, Level 3 [Member] | Derivative [Member] | Option Model Valuation Technique [Member] | Minimum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Abstract] | ||
Derivative Asset (Liability) Net, Measurement Input | 0.08 | 0.10 |
Fair Value, Inputs, Level 3 [Member] | Derivative [Member] | Option Model Valuation Technique [Member] | Maximum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Abstract] | ||
Derivative Asset (Liability) Net, Measurement Input | 3.84 | 2.77 |
Fair Value, Inputs, Level 3 [Member] | Proprietary Trading [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Asset, Fair Value, Amount Not Offset Against Collateral | $ 68,000,000 | $ 56,000,000 |
Fair Value, Inputs, Level 3 [Member] | Proprietary Trading [Member] | Discounted Cash Flow [Member] | Minimum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Abstract] | ||
Forward power price assets | 10 | 14 |
Fair Value, Inputs, Level 3 [Member] | Proprietary Trading [Member] | Discounted Cash Flow [Member] | Maximum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Abstract] | ||
Forward power price assets | 118 | 174 |
Exelon Generation Co L L C [Member] | ||
Derivatives Fair Value Footnotes [Abstract] | ||
Cash Collateral Posted | 781,000,000 | 418,000,000 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Derivatives Fair Value Footnotes [Abstract] | ||
Cash Collateral Posted | 263,000,000 | 76,000,000 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Economic Hedges [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Asset, Fair Value, Amount Not Offset Against Collateral | 542,000,000 | 443,000,000 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Derivative [Member] | Discounted Cash Flow [Member] | Minimum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Abstract] | ||
Forward power price assets | 10 | 12 |
Forward gas price assets | 1.54 | 0.78 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Derivative [Member] | Discounted Cash Flow [Member] | Maximum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Abstract] | ||
Forward power price assets | 118 | 174 |
Forward gas price assets | $ 11.26 | $ 12.38 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Derivative [Member] | Option Model Valuation Technique [Member] | Minimum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Abstract] | ||
Derivative Asset (Liability) Net, Measurement Input | 0.08 | 0.10 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Derivative [Member] | Option Model Valuation Technique [Member] | Maximum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Abstract] | ||
Derivative Asset (Liability) Net, Measurement Input | 3.84 | 2.77 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Proprietary Trading [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Asset, Fair Value, Amount Not Offset Against Collateral | $ 68,000,000 | $ 56,000,000 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Proprietary Trading [Member] | Discounted Cash Flow [Member] | Minimum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Abstract] | ||
Forward power price assets | 10 | 14 |
Exelon Generation Co L L C [Member] | Fair Value, Inputs, Level 3 [Member] | Proprietary Trading [Member] | Discounted Cash Flow [Member] | Maximum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Abstract] | ||
Forward power price assets | 118 | 174 |
Commonwealth Edison Co [Member] | Fair Value, Inputs, Level 3 [Member] | Derivative [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liability, Fair Value, Amount Not Offset Against Collateral | $ (273,000,000) | $ (249,000,000) |
Commonwealth Edison Co [Member] | Fair Value, Inputs, Level 3 [Member] | Derivative [Member] | Discounted Cash Flow [Member] | Minimum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Abstract] | ||
Derivative Asset (Liability) Net, Measurement Input | 0.04 | 0.04 |
Forward heat rate | 900.00% | 1000.00% |
Fair Value Inputs Renewable Factor | 88.00% | 86.00% |
Commonwealth Edison Co [Member] | Fair Value, Inputs, Level 3 [Member] | Derivative [Member] | Discounted Cash Flow [Member] | Maximum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Abstract] | ||
Derivative Asset (Liability) Net, Measurement Input | 0.07 | 0.08 |
Forward heat rate | 1000.00% | 1100.00% |
Fair Value Inputs Renewable Factor | 119.00% | 120.00% |
Derivative Financial Instrume_3
Derivative Financial Instruments - Summary of Derivative Fair Value Balances (Details) - USD ($) $ in Millions | Jun. 30, 2019 | Dec. 31, 2018 |
Derivative [Line Items] | ||
Mark-to-market derivatives assets | $ 526 | $ 804 |
Derivative Asset, Noncurrent | 537 | 452 |
Derivative Liability, Current | (163) | (475) |
Derivative Liability, Noncurrent | (450) | (479) |
Commodity Contract [Member] | ||
Derivative [Line Items] | ||
Mark-to-market derivatives assets | 526 | 801 |
Derivative Asset, Noncurrent | 532 | 445 |
Total mark-to-market derivative assets | 1,058 | 1,246 |
Derivative Liability, Current | (157) | (473) |
Derivative Liability, Noncurrent | (437) | (474) |
Total mark-to-market derivative liabilities | (594) | (947) |
Total mark-to-market derivative net assets (liabilities) | 464 | 299 |
Exelon Generation Co L L C [Member] | ||
Derivative [Line Items] | ||
Mark-to-market derivatives assets | 526 | 804 |
Derivative Asset, Noncurrent | 533 | 452 |
Derivative Liability, Current | (134) | (449) |
Derivative Liability, Noncurrent | (206) | (252) |
Exelon Generation Co L L C [Member] | Commodity Contract [Member] | ||
Derivative [Line Items] | ||
Mark-to-market derivatives assets | 526 | 801 |
Derivative Asset, Noncurrent | 532 | 445 |
Total mark-to-market derivative assets | 1,058 | 1,246 |
Derivative Liability, Current | (128) | (447) |
Derivative Liability, Noncurrent | (193) | (251) |
Total mark-to-market derivative liabilities | (321) | (698) |
Total mark-to-market derivative net assets (liabilities) | 737 | 548 |
Commonwealth Edison Co [Member] | ||
Derivative [Line Items] | ||
Derivative Liability, Current | (29) | (26) |
Derivative Liability, Noncurrent | (244) | (223) |
Collateral [Member] | Exelon Generation Co L L C [Member] | Commodity Contract [Member] | ||
Derivative [Line Items] | ||
Mark-to-market derivatives assets | 218 | 121 |
Derivative Asset, Noncurrent | 122 | 51 |
Total mark-to-market derivative assets | 340 | 172 |
Derivative Liability, Current | 265 | 125 |
Derivative Liability, Noncurrent | 151 | 60 |
Total mark-to-market derivative liabilities | 416 | 185 |
Total mark-to-market derivative net assets (liabilities) | 756 | 357 |
Netting [Member] | Exelon Generation Co L L C [Member] | Commodity Contract [Member] | ||
Derivative [Line Items] | ||
Mark-to-market derivatives assets | (2,724) | (2,930) |
Derivative Asset, Noncurrent | (1,269) | (913) |
Total mark-to-market derivative assets | (3,993) | (3,843) |
Derivative Liability, Current | 2,724 | 2,931 |
Derivative Liability, Noncurrent | 1,269 | 912 |
Total mark-to-market derivative liabilities | 3,993 | 3,843 |
Total mark-to-market derivative net assets (liabilities) | 0 | 0 |
Not Designated as Hedging Instrument, Economic Hedge [Member] | Exelon Generation Co L L C [Member] | Commodity Contract [Member] | ||
Derivative [Line Items] | ||
Mark-to-market derivatives assets | 2,910 | 3,505 |
Derivative Asset, Noncurrent | 1,618 | 1,266 |
Total mark-to-market derivative assets | 4,528 | 4,771 |
Derivative Liability, Current | (3,039) | (3,429) |
Derivative Liability, Noncurrent | (1,576) | (1,203) |
Total mark-to-market derivative liabilities | (4,615) | (4,632) |
Total mark-to-market derivative net assets (liabilities) | (87) | 139 |
Not Designated as Hedging Instrument, Economic Hedge [Member] | Commonwealth Edison Co [Member] | Commodity Contract [Member] | ||
Derivative [Line Items] | ||
Mark-to-market derivatives assets | 0 | 0 |
Derivative Asset, Noncurrent | 0 | 0 |
Total mark-to-market derivative assets | 0 | 0 |
Derivative Liability, Current | (29) | (26) |
Derivative Liability, Noncurrent | (244) | (223) |
Total mark-to-market derivative liabilities | (273) | (249) |
Total mark-to-market derivative net assets (liabilities) | (273) | (249) |
Not Designated as Hedging Instrument [Member] | Exelon Generation Co L L C [Member] | Commodity Contract [Member] | ||
Derivative [Line Items] | ||
Mark-to-market derivatives assets | 122 | 105 |
Derivative Asset, Noncurrent | 61 | 41 |
Total mark-to-market derivative assets | 183 | 146 |
Derivative Liability, Current | (78) | (74) |
Derivative Liability, Noncurrent | (37) | (20) |
Total mark-to-market derivative liabilities | (115) | (94) |
Total mark-to-market derivative net assets (liabilities) | 68 | 52 |
Designated as Hedging Instrument [Member] | Exelon Generation Co L L C [Member] | Other Current Assets [Member] | ||
Derivative [Line Items] | ||
Derivative Liability, Fair Value, Amount Offset Against Collateral | $ 358 | $ (94) |
Derivative Financial Instrume_4
Derivative Financial Instruments - Summary of Economic Hedges (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Derivative [Line Items] | ||||
Unrealized Gain (Loss) on Derivatives | $ (107) | $ (151) | ||
Exelon Generation Co L L C [Member] | ||||
Derivative [Line Items] | ||||
Unrealized Gain (Loss) on Derivatives | (114) | (158) | ||
Not Designated as Hedging Instrument, Economic Hedge [Member] | Commodity Contract [Member] | Exelon Generation Co L L C [Member] | ||||
Derivative [Line Items] | ||||
Unrealized Gain (Loss) on Derivatives | $ (74) | $ 89 | (94) | (177) |
Not Designated as Hedging Instrument, Economic Hedge [Member] | Commodity Contract [Member] | Operating Revenue [Member] | Exelon Generation Co L L C [Member] | ||||
Derivative [Line Items] | ||||
Unrealized Gain (Loss) on Derivatives | 40 | (7) | (10) | (107) |
Not Designated as Hedging Instrument, Economic Hedge [Member] | Commodity Contract [Member] | Purchased Power And Fuel [Member] | Exelon Generation Co L L C [Member] | ||||
Derivative [Line Items] | ||||
Unrealized Gain (Loss) on Derivatives | $ (114) | $ 96 | $ (84) | $ (70) |
Derivative Financial Instrume_5
Derivative Financial Instruments - Summary of Proprietary Trading Activities (Details) - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
Derivative [Line Items] | ||
Unrealized Gain (Loss) on Derivatives | $ (107) | $ (151) |
Exelon Generation Co L L C [Member] | ||
Derivative [Line Items] | ||
Unrealized Gain (Loss) on Derivatives | $ (114) | $ (158) |
Derivative Financial Instrume_6
Derivative Financial Instruments - Summary of Credit Risk Exposure (Details) - USD ($) $ in Millions | Jun. 30, 2019 | Dec. 31, 2018 |
Derivative [Line Items] | ||
Cash Collateral Posted | $ 25 | |
Letters Of Credit Posted | 9 | |
Exelon Generation Co L L C [Member] | ||
Derivative [Line Items] | ||
Cash Collateral Posted | 781 | $ 418 |
Financial institutions | 3 | |
Investor-owned utilities, marketers and power producers | 810 | |
Energy Cooperatives And Municipalities | 302 | |
Other | 60 | |
Letters Of Credit Posted | 228 | $ 367 |
Exelon Generation Co L L C [Member] | Total Exposure Before Credit Collateral [Member] | ||
Derivative [Line Items] | ||
Investment grade | 859 | |
Non-investment grade | 30 | |
No external ratings - internally rated - investment grade | 204 | |
No external ratings - internally rated - non-investment grade | 117 | |
Total | 1,210 | |
Exelon Generation Co L L C [Member] | Credit Collateral [Member] | ||
Derivative [Line Items] | ||
Investment grade | 12 | |
Non-investment grade | 11 | |
No external ratings - internally rated - investment grade | 1 | |
No external ratings - internally rated - non-investment grade | 11 | |
Total | 35 | |
Exelon Generation Co L L C [Member] | Net Exposure [Member] | ||
Derivative [Line Items] | ||
Investment grade | 847 | |
Non-investment grade | 19 | |
No external ratings - internally rated - investment grade | 203 | |
No external ratings - internally rated - non-investment grade | 106 | |
Total | 1,175 | |
Exelon Generation Co L L C [Member] | Number Of Counterparties Greater Than Ten Percent Of Net Exposure [Member] | ||
Derivative [Line Items] | ||
Investment grade | 2 | |
Non-investment grade | ||
No external ratings - internally rated - investment grade | ||
No external ratings - internally rated - non-investment grade | ||
Total | 2 | |
Exelon Generation Co L L C [Member] | Net Exposure Of Counterparties Greater Than Ten Percent Of Net Exposure [Member] | ||
Derivative [Line Items] | ||
Investment grade | 249 | |
Non-investment grade | ||
No external ratings - internally rated - investment grade | ||
No external ratings - internally rated - non-investment grade | ||
Total | $ 249 |
Derivative Financial Instrume_7
Derivative Financial Instruments - Summary of Credit Risk Related Contingent Features (Details) - Exelon Generation Co L L C [Member] - USD ($) $ in Millions | Jun. 30, 2019 | Dec. 31, 2018 |
Derivative [Line Items] | ||
Aggregate fair value of derivatives with credit-risk-related contingent features | $ (1,119) | $ (1,723) |
Offsetting fair value of in-the-money contracts under master netting agreements | 824 | 1,105 |
Net liability position after contractual right of offset | $ (295) | $ (618) |
Derivative Financial Instrume_8
Derivative Financial Instruments - Narrative (Details) $ in Millions | 1 Months Ended | 6 Months Ended | |
Jun. 30, 2012MWh | Jun. 30, 2019USD ($) | Dec. 31, 2018USD ($) | |
Exelon Generation Co L L C [Member] | |||
Derivative [Line Items] | |||
Incremental Collateral For Loss Of Investment Grade Credit Rating | $ 1,513 | $ 2,104 | |
Commonwealth Edison Co [Member] | |||
Derivative [Line Items] | |||
Long-term Purchase Commitment, Minimum Energy Volume Required | MWh | 1,300,000 | ||
Delmarva Power and Light Company [Member] | |||
Derivative [Line Items] | |||
Incremental Collateral For Loss Of Investment Grade Credit Rating | 12 | ||
Baltimore Gas and Electric Company [Member] | |||
Derivative [Line Items] | |||
Incremental Collateral For Loss Of Investment Grade Credit Rating | 31 | ||
PECO Energy Co [Member] | |||
Derivative [Line Items] | |||
Incremental Collateral For Loss Of Investment Grade Credit Rating | $ 31 | ||
Minimum [Member] | Exelon Generation Co L L C [Member] | |||
Derivative [Line Items] | |||
Expected Generation Hedged In Next Twelve Months | 92.00% | ||
Expected Generation Hedged In Year Two | 70.00% | ||
Expected generation Hedged In Year Three | 40.00% | ||
Maximum [Member] | Exelon Generation Co L L C [Member] | |||
Derivative [Line Items] | |||
Expected Generation Hedged In Next Twelve Months | 95.00% | ||
Expected Generation Hedged In Year Two | 73.00% | ||
Expected generation Hedged In Year Three | 43.00% | ||
Commonwealth Edison Co Affiliate [Member] | Exelon Generation Co L L C [Member] | |||
Derivative [Line Items] | |||
Net receivable from electric utility | $ 70 | ||
PECO Energy Co Affiliate [Member] | Exelon Generation Co L L C [Member] | |||
Derivative [Line Items] | |||
Net receivable from affiliated electric and gas utility | 30 | ||
Baltimore Gas And Electric Company Affiliate [Member] | Exelon Generation Co L L C [Member] | |||
Derivative [Line Items] | |||
Net receivable from affiliated electric and gas utility | 32 | ||
Potomac Electric Power Company [Member] | Exelon Generation Co L L C [Member] | |||
Derivative [Line Items] | |||
Net receivable from electric utility | 39 | ||
Delmarva Power and Light Company [Member] | Exelon Generation Co L L C [Member] | |||
Derivative [Line Items] | |||
Net receivable from electric utility | 15 | ||
Atlantic City Electric Company [Member] | Exelon Generation Co L L C [Member] | |||
Derivative [Line Items] | |||
Net receivable from electric utility | 8 | ||
Not Designated as Hedging Instrument, Economic Hedge [Member] | Interest Rate Swap [Member] | |||
Derivative [Line Items] | |||
Derivative, Notional Amount | 1,373 | 1,420 | |
Not Designated as Hedging Instrument, Economic Hedge [Member] | Interest Rate Swap [Member] | Exelon Generation Co L L C [Member] | |||
Derivative [Line Items] | |||
Derivative, Notional Amount | 573 | 620 | |
Not Designated as Hedging Instrument, Economic Hedge [Member] | Foreign Exchange Contract [Member] | Exelon Generation Co L L C [Member] | |||
Derivative [Line Items] | |||
Derivative, Notional Amount | $ 219 | $ 268 |
Derivative Financial Instrume_9
Derivative Financial Instruments Derivative Financial Instruments - Summary of Cash Collateral and Letters of Credit (Details) - USD ($) $ in Millions | Jun. 30, 2019 | Dec. 31, 2018 |
Derivative Instruments, Gain (Loss) [Line Items] | ||
Cash Collateral Posted | $ 25 | |
Letters Of Credit Posted | 9 | |
Exelon Generation Co L L C [Member] | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||
Cash Collateral Posted | 781 | $ 418 |
Letters Of Credit Posted | 228 | 367 |
Cash Collateral Held | 64 | 47 |
Letters Of Credit Held | 21 | 44 |
Incremental Collateral For Loss Of Investment Grade Credit Rating | $ 1,513 | $ 2,104 |
Debt and Credit Agreements - Na
Debt and Credit Agreements - Narrative (Details) $ in Millions | 6 Months Ended |
Jun. 30, 2019USD ($) | |
Corporate, Non-Segment [Member] | |
Debt Instrument [Line Items] | |
Short-term Bank Loans and Notes Payable | $ 500 |
Debt Instrument, Interest Rate Terms | LIBOR plus 0.95% |
Exelon Generation Co L L C [Member] | Line of Credit [Member] | |
Debt Instrument [Line Items] | |
Line of Credit Facility, Maximum Borrowing Capacity | $ 100 |
DOE Project Financing, 2.82% January 5, 2037 [Member] | Non Recourse Debt [Member] | |
Debt Instrument [Line Items] | |
Long-term Line of Credit | 646 |
Non-Recourse Debt | 500 |
DOE Project Financing, 2.82% January 5, 2037 [Member] | Exelon Generation Co L L C [Member] | Non Recourse Debt [Member] | |
Debt Instrument [Line Items] | |
Long-term Line of Credit | 646 |
Non-Recourse Debt | 500 |
ExGenRenewablesIVNov2024 [Member] | Non Recourse Debt [Member] | |
Debt Instrument [Line Items] | |
Long-term Line of Credit | 850 |
Non-Recourse Debt | 796 |
ExGenRenewablesIVNov2024 [Member] | Exelon Generation Co L L C [Member] | Non Recourse Debt [Member] | |
Debt Instrument [Line Items] | |
Long-term Line of Credit | 850 |
Non-Recourse Debt | $ 796 |
Debt and Credit Agreements - Co
Debt and Credit Agreements - Commercial Paper Borrowings (Details) - Commercial Paper [Member] - USD ($) $ in Millions | Jun. 30, 2019 | Dec. 31, 2018 |
Short-term Debt [Line Items] | ||
Outstanding Commercial Paper | $ 559 | $ 89 |
Average Interest Rate on Commercial Paper Borrowings | 2.60% | 2.15% |
Exelon Generation Co L L C [Member] | ||
Short-term Debt [Line Items] | ||
Outstanding Commercial Paper | $ 0 | $ 0 |
Commonwealth Edison Co [Member] | ||
Short-term Debt [Line Items] | ||
Outstanding Commercial Paper | $ 303 | $ 0 |
Average Interest Rate on Commercial Paper Borrowings | 2.59% | 2.14% |
PECO Energy Co [Member] | ||
Short-term Debt [Line Items] | ||
Outstanding Commercial Paper | $ 0 | $ 0 |
Baltimore Gas and Electric Company [Member] | ||
Short-term Debt [Line Items] | ||
Outstanding Commercial Paper | $ 229 | $ 35 |
Average Interest Rate on Commercial Paper Borrowings | 2.58% | 2.18% |
Pepco Holdings LLC [Member] | ||
Short-term Debt [Line Items] | ||
Outstanding Commercial Paper | $ 27 | $ 54 |
Average Interest Rate on Commercial Paper Borrowings | 2.61% | 2.15% |
Potomac Electric Power Company [Member] | ||
Short-term Debt [Line Items] | ||
Outstanding Commercial Paper | $ 0 | $ 40 |
Average Interest Rate on Commercial Paper Borrowings | 2.62% | 2.24% |
Delmarva Power and Light Company [Member] | ||
Short-term Debt [Line Items] | ||
Outstanding Commercial Paper | $ 0 | $ 0 |
Average Interest Rate on Commercial Paper Borrowings | 2.55% | 2.07% |
Atlantic City Electric Company [Member] | ||
Short-term Debt [Line Items] | ||
Outstanding Commercial Paper | $ 27 | $ 14 |
Average Interest Rate on Commercial Paper Borrowings | 2.61% | 2.21% |
Debt and Credit Agreements - Is
Debt and Credit Agreements - Issuance of Long-Term Debt (Details) $ in Millions | Jun. 30, 2019USD ($) |
Exelon Generation Co L L C [Member] | EEPF395Aug2020 [Member] | Notes Payable, Other Payables [Member] | |
Debt Instrument [Line Items] | |
Interest Rate | 3.95% |
Debt Instrument, Face Amount | $ 2 |
Exelon Generation Co L L C [Member] | EEPF346Aug2020 [Member] | Notes Payable, Other Payables [Member] | |
Debt Instrument [Line Items] | |
Interest Rate | 3.46% |
Debt Instrument, Face Amount | $ 39 |
Commonwealth Edison Co [Member] | FMB400Mar2049 [Member] | First Mortgage Bonds [Member] | |
Debt Instrument [Line Items] | |
Interest Rate | 4.00% |
Debt Instrument, Face Amount | $ 400 |
Potomac Electric Power Company [Member] | FMB345Jun2029 [Member] | First Mortgage Bonds [Member] | |
Debt Instrument [Line Items] | |
Interest Rate | 3.45% |
Debt Instrument, Face Amount | $ 150 |
Potomac Electric Power Company [Member] | Medco170Sep2022 [Member] | Tax-exempt Money Market Funds [Member] | |
Debt Instrument [Line Items] | |
Interest Rate | 1.70% |
Debt Instrument, Face Amount | $ 110 |
Atlantic City Electric Company [Member] | FMB350May2029 [Member] | First Mortgage Bonds [Member] | |
Debt Instrument [Line Items] | |
Interest Rate | 3.50% |
Debt Instrument, Face Amount | $ 100 |
Atlantic City Electric Company [Member] | FMB414May2049 [Member] | First Mortgage Bonds [Member] | |
Debt Instrument [Line Items] | |
Interest Rate | 4.14% |
Debt Instrument, Face Amount | $ 50 |
Income Taxes - Narrative (Detai
Income Taxes - Narrative (Details) - USD ($) $ in Millions | Jan. 01, 2021 | Jun. 30, 2019 | Mar. 31, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 |
Income Tax Additional Narrative Information [Line Items] | ||||||
Unrecognized Tax Benefits, Period Increase (Decrease) | $ (33) | |||||
Decrease in Unrecognized Tax Benefits is Reasonably Possible | $ 425 | $ 425 | ||||
Unrecognized tax benefits that if recognized would affect the effective tax rate | $ 411 | $ 411 | ||||
Effective income tax rate | 22.40% | 10.80% | 23.60% | 9.50% | ||
Exelon Generation Co L L C [Member] | ||||||
Income Tax Additional Narrative Information [Line Items] | ||||||
Decrease in Unrecognized Tax Benefits is Reasonably Possible | $ 411 | $ 411 | ||||
Unrecognized tax benefits that if recognized would affect the effective tax rate | $ 411 | $ 411 | ||||
Effective income tax rate | 38.60% | 11.00% | 35.20% | 7.80% | ||
Commonwealth Edison Co [Member] | ||||||
Income Tax Additional Narrative Information [Line Items] | ||||||
Unrecognized Tax Benefits, Period Increase (Decrease) | $ (2) | |||||
Effective income tax rate | 19.80% | 20.80% | 19.80% | 21.10% | ||
PECO Energy Co [Member] | ||||||
Income Tax Additional Narrative Information [Line Items] | ||||||
Effective income tax rate | 11.30% | (1.10%) | 12.10% | (1.40%) | ||
Baltimore Gas and Electric Company [Member] | ||||||
Income Tax Additional Narrative Information [Line Items] | ||||||
Effective income tax rate | 19.60% | 20.30% | 18.60% | 18.60% | ||
Pepco Holdings LLC [Member] | ||||||
Income Tax Additional Narrative Information [Line Items] | ||||||
Decrease in Unrecognized Tax Benefits is Reasonably Possible | $ 14 | $ 14 | ||||
Effective income tax rate | 5.40% | 15.20% | 4.70% | 13.90% | ||
Potomac Electric Power Company [Member] | ||||||
Income Tax Additional Narrative Information [Line Items] | ||||||
Effective income tax rate | 3.00% | 11.50% | 3.30% | 9.60% | ||
Delmarva Power and Light Company [Member] | ||||||
Income Tax Additional Narrative Information [Line Items] | ||||||
Effective income tax rate | 11.80% | 16.10% | 11.70% | 17.40% | ||
Atlantic City Electric Company [Member] | ||||||
Income Tax Additional Narrative Information [Line Items] | ||||||
Decrease in Unrecognized Tax Benefits is Reasonably Possible | $ 14 | $ 14 | ||||
Effective income tax rate | 0.00% | 20.00% | 4.00% | 16.70% | ||
ILLINOIS | ||||||
Income Tax Additional Narrative Information [Line Items] | ||||||
Effective income tax rate | 9.50% | |||||
Subsequent Event [Member] | ILLINOIS | ||||||
Income Tax Additional Narrative Information [Line Items] | ||||||
Effective income tax rate | 10.49% |
Income Taxes - Reconciliation t
Income Taxes - Reconciliation to Effective Tax Rate (Details) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Effective Income Tax Rate Reconciliation, Percent [Abstract] | ||||
U.S. Federal statutory rate | 21.00% | 21.00% | 21.00% | 21.00% |
Increase (decrease) due to: | ||||
State income taxes, net of Federal income tax benefit | 5.40% | 3.40% | 4.40% | 3.80% |
Qualified nuclear decommissioning trust fund income | 5.10% | 0.20% | 6.50% | (0.10%) |
Amortization of investment tax credit, including deferred taxes on basis difference | (0.70%) | (0.90%) | (0.60%) | (1.10%) |
Plant basis differences | (1.70%) | (3.00%) | (1.50%) | (2.80%) |
Production tax credits and other credits | (0.90%) | (1.70%) | (0.80%) | (2.30%) |
Noncontrolling interests | 0.10% | (1.50%) | (0.30%) | (1.10%) |
Excess deferred tax amortization | (7.80%) | (5.20%) | (5.80%) | (5.60%) |
Tax Cuts and Jobs Act of 2017 | (1.30%) | (0.60%) | ||
Other | 1.90% | (0.20%) | 0.70% | (1.70%) |
Effective income tax rate | 22.40% | 10.80% | 23.60% | 9.50% |
Exelon Generation Co L L C [Member] | ||||
Effective Income Tax Rate Reconciliation, Percent [Abstract] | ||||
U.S. Federal statutory rate | 21.00% | 21.00% | 21.00% | 21.00% |
Increase (decrease) due to: | ||||
State income taxes, net of Federal income tax benefit | 5.50% | 4.30% | 3.60% | 3.40% |
Qualified nuclear decommissioning trust fund income | 16.20% | 0.50% | 14.70% | (0.40%) |
Amortization of investment tax credit, including deferred taxes on basis difference | (1.90%) | (2.40%) | (1.10%) | (3.30%) |
Plant basis differences | 0.00% | 0.00% | 0.00% | 0.00% |
Production tax credits and other credits | (2.80%) | (4.90%) | (1.80%) | (7.20%) |
Noncontrolling interests | 0.40% | (4.50%) | (0.80%) | (3.50%) |
Excess deferred tax amortization | 0.00% | 0.00% | 0.00% | 0.00% |
Tax Cuts and Jobs Act of 2017 | (1.70%) | (0.90%) | ||
Other | 0.20% | (1.30%) | (0.40%) | (1.30%) |
Effective income tax rate | 38.60% | 11.00% | 35.20% | 7.80% |
Commonwealth Edison Co [Member] | ||||
Effective Income Tax Rate Reconciliation, Percent [Abstract] | ||||
U.S. Federal statutory rate | 21.00% | 21.00% | 21.00% | 21.00% |
Increase (decrease) due to: | ||||
State income taxes, net of Federal income tax benefit | 8.20% | 8.10% | 8.20% | 8.10% |
Qualified nuclear decommissioning trust fund income | 0.00% | 0.00% | 0.00% | 0.00% |
Amortization of investment tax credit, including deferred taxes on basis difference | (0.20%) | (0.20%) | (0.20%) | (0.20%) |
Plant basis differences | (0.60%) | (0.10%) | (0.60%) | 0.00% |
Production tax credits and other credits | 0.00% | (0.10%) | 0.00% | (0.10%) |
Noncontrolling interests | 0.00% | 0.00% | 0.00% | 0.00% |
Excess deferred tax amortization | (9.00%) | (7.60%) | (8.80%) | (7.50%) |
Tax Cuts and Jobs Act of 2017 | (0.70%) | (0.30%) | ||
Other | 0.40% | 0.40% | 0.20% | 0.10% |
Effective income tax rate | 19.80% | 20.80% | 19.80% | 21.10% |
PECO Energy Co [Member] | ||||
Effective Income Tax Rate Reconciliation, Percent [Abstract] | ||||
U.S. Federal statutory rate | 21.00% | 21.00% | 21.00% | 21.00% |
Increase (decrease) due to: | ||||
State income taxes, net of Federal income tax benefit | (1.20%) | (3.40%) | 0.20% | (3.60%) |
Qualified nuclear decommissioning trust fund income | 0.00% | 0.00% | 0.00% | 0.00% |
Amortization of investment tax credit, including deferred taxes on basis difference | 0.00% | (0.10%) | 0.00% | (0.10%) |
Plant basis differences | (5.90%) | (17.20%) | (6.40%) | (15.60%) |
Production tax credits and other credits | 0.00% | 0.00% | 0.00% | 0.00% |
Noncontrolling interests | 0.00% | 0.00% | 0.00% | 0.00% |
Excess deferred tax amortization | (2.70%) | (0.30%) | (2.60%) | (2.70%) |
Tax Cuts and Jobs Act of 2017 | 0.00% | 0.00% | ||
Other | 0.10% | (1.10%) | (0.10%) | (0.40%) |
Effective income tax rate | 11.30% | (1.10%) | 12.10% | (1.40%) |
Baltimore Gas and Electric Company [Member] | ||||
Effective Income Tax Rate Reconciliation, Percent [Abstract] | ||||
U.S. Federal statutory rate | 21.00% | 21.00% | 21.00% | 21.00% |
Increase (decrease) due to: | ||||
State income taxes, net of Federal income tax benefit | 6.50% | 6.50% | 6.40% | 6.40% |
Qualified nuclear decommissioning trust fund income | 0.00% | 0.00% | 0.00% | 0.00% |
Amortization of investment tax credit, including deferred taxes on basis difference | (0.10%) | (0.20%) | (0.10%) | (0.10%) |
Plant basis differences | (1.50%) | (0.70%) | (1.00%) | (0.70%) |
Production tax credits and other credits | (0.10%) | 0.00% | 0.00% | 0.00% |
Noncontrolling interests | 0.00% | 0.00% | 0.00% | 0.00% |
Excess deferred tax amortization | (7.90%) | (7.20%) | (7.90%) | (8.20%) |
Tax Cuts and Jobs Act of 2017 | 0.10% | 0.00% | ||
Other | 1.70% | 0.80% | 0.20% | 0.20% |
Effective income tax rate | 19.60% | 20.30% | 18.60% | 18.60% |
Pepco Holdings LLC [Member] | ||||
Effective Income Tax Rate Reconciliation, Percent [Abstract] | ||||
U.S. Federal statutory rate | 21.00% | 21.00% | 21.00% | 21.00% |
Increase (decrease) due to: | ||||
State income taxes, net of Federal income tax benefit | 4.80% | 6.20% | 4.70% | 5.50% |
Qualified nuclear decommissioning trust fund income | 0.00% | 0.00% | 0.00% | 0.00% |
Amortization of investment tax credit, including deferred taxes on basis difference | (0.20%) | (0.20%) | (0.20%) | (0.20%) |
Plant basis differences | (1.70%) | (1.20%) | (1.70%) | (1.80%) |
Production tax credits and other credits | 0.00% | 0.00% | 0.00% | 0.00% |
Noncontrolling interests | 0.00% | 0.00% | 0.00% | 0.00% |
Excess deferred tax amortization | (19.40%) | (11.30%) | (19.40%) | (11.00%) |
Tax Cuts and Jobs Act of 2017 | 0.80% | 0.50% | ||
Other | 0.90% | (0.10%) | 0.30% | (0.10%) |
Effective income tax rate | 5.40% | 15.20% | 4.70% | 13.90% |
Potomac Electric Power Company [Member] | ||||
Effective Income Tax Rate Reconciliation, Percent [Abstract] | ||||
U.S. Federal statutory rate | 21.00% | 21.00% | 21.00% | 21.00% |
Increase (decrease) due to: | ||||
State income taxes, net of Federal income tax benefit | 2.00% | 4.70% | 2.00% | 3.70% |
Qualified nuclear decommissioning trust fund income | 0.00% | 0.00% | 0.00% | 0.00% |
Amortization of investment tax credit, including deferred taxes on basis difference | (0.10%) | (0.10%) | (0.10%) | (0.10%) |
Plant basis differences | (2.10%) | (2.00%) | (2.00%) | (2.50%) |
Production tax credits and other credits | 0.00% | 0.00% | 0.00% | 0.00% |
Noncontrolling interests | 0.00% | 0.00% | 0.00% | 0.00% |
Excess deferred tax amortization | (18.30%) | (11.70%) | (18.10%) | (12.10%) |
Tax Cuts and Jobs Act of 2017 | 0.00% | 0.00% | ||
Other | 0.50% | (0.40%) | 0.50% | (0.40%) |
Effective income tax rate | 3.00% | 11.50% | 3.30% | 9.60% |
Delmarva Power and Light Company [Member] | ||||
Effective Income Tax Rate Reconciliation, Percent [Abstract] | ||||
U.S. Federal statutory rate | 21.00% | 21.00% | 21.00% | 21.00% |
Increase (decrease) due to: | ||||
State income taxes, net of Federal income tax benefit | 7.00% | 6.50% | 6.70% | 6.40% |
Qualified nuclear decommissioning trust fund income | 0.00% | 0.00% | 0.00% | 0.00% |
Amortization of investment tax credit, including deferred taxes on basis difference | (0.20%) | (0.30%) | (0.20%) | (0.30%) |
Plant basis differences | (0.30%) | 0.00% | (0.60%) | (0.70%) |
Production tax credits and other credits | 0.00% | 0.00% | 0.00% | 0.00% |
Noncontrolling interests | 0.00% | 0.00% | 0.00% | 0.00% |
Excess deferred tax amortization | (15.70%) | (11.20%) | (15.60%) | (9.40%) |
Tax Cuts and Jobs Act of 2017 | 0.00% | 0.00% | ||
Other | 0.00% | 0.10% | 0.40% | 0.40% |
Effective income tax rate | 11.80% | 16.10% | 11.70% | 17.40% |
Atlantic City Electric Company [Member] | ||||
Effective Income Tax Rate Reconciliation, Percent [Abstract] | ||||
U.S. Federal statutory rate | 21.00% | 21.00% | 21.00% | 21.00% |
Increase (decrease) due to: | ||||
State income taxes, net of Federal income tax benefit | 7.00% | 7.60% | 6.90% | 7.20% |
Qualified nuclear decommissioning trust fund income | 0.00% | 0.00% | 0.00% | 0.00% |
Amortization of investment tax credit, including deferred taxes on basis difference | (0.30%) | (0.30%) | (0.30%) | (0.30%) |
Plant basis differences | (2.20%) | (0.20%) | (2.20%) | (1.30%) |
Production tax credits and other credits | 0.00% | 0.00% | 0.00% | 0.00% |
Noncontrolling interests | 0.00% | 0.00% | 0.00% | 0.00% |
Excess deferred tax amortization | (23.10%) | (8.80%) | (23.40%) | (8.80%) |
Tax Cuts and Jobs Act of 2017 | 0.00% | 0.00% | ||
Other | (2.40%) | 0.70% | 2.00% | (1.10%) |
Effective income tax rate | 0.00% | 20.00% | 4.00% | 16.70% |
Income Taxes - Unrecognized Tax
Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Millions | Jun. 30, 2019 | Dec. 31, 2018 |
Income Tax Contingency [Line Items] | ||
Unrecognized Tax Benefits | $ 448 | $ 477 |
Exelon Generation Co L L C [Member] | ||
Income Tax Contingency [Line Items] | ||
Unrecognized Tax Benefits | 411 | 408 |
Commonwealth Edison Co [Member] | ||
Income Tax Contingency [Line Items] | ||
Unrecognized Tax Benefits | 0 | 2 |
PECO Energy Co [Member] | ||
Income Tax Contingency [Line Items] | ||
Unrecognized Tax Benefits | 0 | 0 |
Baltimore Gas and Electric Company [Member] | ||
Income Tax Contingency [Line Items] | ||
Unrecognized Tax Benefits | 0 | 0 |
Pepco Holdings LLC [Member] | ||
Income Tax Contingency [Line Items] | ||
Unrecognized Tax Benefits | 45 | 45 |
Potomac Electric Power Company [Member] | ||
Income Tax Contingency [Line Items] | ||
Unrecognized Tax Benefits | 0 | 0 |
Delmarva Power and Light Company [Member] | ||
Income Tax Contingency [Line Items] | ||
Unrecognized Tax Benefits | 0 | 0 |
Atlantic City Electric Company [Member] | ||
Income Tax Contingency [Line Items] | ||
Unrecognized Tax Benefits | $ 14 | $ 14 |
Nuclear Decommissioning - Narra
Nuclear Decommissioning - Narrative (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |
Mar. 31, 2019 | Jun. 30, 2019 | Dec. 31, 2018 | |
Nuclear Decommissioning Additional Narrative Information [Line Items] | |||
Asset Retirement Obligation, Period Increase (Decrease) | $ 432 | ||
Asset Retirement Obligation, Revision of Estimate | $ 330 | ||
Decommissioning Fund Investments | 12,513 | $ 11,661 | |
Assets held for sale | 880 | 904 | |
Exelon Generation Co L L C [Member] | |||
Nuclear Decommissioning Additional Narrative Information [Line Items] | |||
Asset Retirement Obligation, Period Increase (Decrease) | 432 | ||
Asset Retirement Obligation, Revision of Estimate | 330 | ||
Decommissioning Fund Investments | 12,513 | 11,661 | |
Assets held for sale | 880 | 904 | |
Nuclear Decommissioning [Member] | |||
Nuclear Decommissioning Additional Narrative Information [Line Items] | |||
Asset Retirement Obligation, Revision of Estimate | 232 | ||
Nuclear Decommissioning [Member] | Exelon Generation Co L L C [Member] | |||
Nuclear Decommissioning Additional Narrative Information [Line Items] | |||
Asset Retirement Obligation, Revision of Estimate | 232 | ||
Three Mile Island [Member] | |||
Nuclear Decommissioning Additional Narrative Information [Line Items] | |||
Asset Retirement Obligation, Period Increase (Decrease) | (110) | ||
Asset Retirement Obligation Revision Of Estimate In Operating And Maintenance Expense | (85) | ||
Three Mile Island [Member] | Exelon Generation Co L L C [Member] | |||
Nuclear Decommissioning Additional Narrative Information [Line Items] | |||
Asset Retirement Obligation, Period Increase (Decrease) | (110) | ||
Asset Retirement Obligation Revision Of Estimate In Operating And Maintenance Expense | $ (85) | ||
Assets, Total [Member] | |||
Nuclear Decommissioning Additional Narrative Information [Line Items] | |||
Decommissioning Fund Investments | 13,498 | 12,695 | |
Assets, Total [Member] | Exelon Generation Co L L C [Member] | |||
Nuclear Decommissioning Additional Narrative Information [Line Items] | |||
Decommissioning Fund Investments | 13,498 | 12,695 | |
Nuclear Decommissioning Trust Fund Investments [Member] | Oyster Creek [Member] | |||
Nuclear Decommissioning Additional Narrative Information [Line Items] | |||
Assets held for sale | 857 | 890 | |
Nuclear Decommissioning Trust Fund Investments [Member] | Oyster Creek [Member] | Exelon Generation Co L L C [Member] | |||
Nuclear Decommissioning Additional Narrative Information [Line Items] | |||
Assets held for sale | 857 | 890 | |
Other Current Assets [Member] | |||
Nuclear Decommissioning Additional Narrative Information [Line Items] | |||
Decommissioning Fund Investments | 127 | 144 | |
Other Current Assets [Member] | Exelon Generation Co L L C [Member] | |||
Nuclear Decommissioning Additional Narrative Information [Line Items] | |||
Decommissioning Fund Investments | $ 127 | $ 144 |
Nuclear Decommissioning - Rollf
Nuclear Decommissioning - Rollforward of Nuclear Decommissioning ARO (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Mar. 31, 2019 | Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2018 | |
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward] | ||||
Accretion expense | $ 250 | $ 242 | ||
Asset Retirement Obligation, Revision of Estimate | $ 330 | |||
Liabilities held for sale | 764 | $ 777 | ||
Nuclear Decommissioning [Member] | ||||
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward] | ||||
Nuclear decommissioning ARO, beginning balance | 10,005 | 10,005 | ||
Accretion expense | 243 | |||
Asset Retirement Obligation, Revision of Estimate | 232 | |||
Costs incurred related to decommissioning plants | (43) | |||
Nuclear decommissioning ARO, ending balance | 10,437 | |||
Current portion of ARO | 99 | 22 | ||
Exelon Generation Co L L C [Member] | ||||
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward] | ||||
Accretion expense | 248 | $ 242 | ||
Asset Retirement Obligation, Revision of Estimate | 330 | |||
Liabilities held for sale | 764 | 777 | ||
Exelon Generation Co L L C [Member] | Nuclear Decommissioning [Member] | ||||
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward] | ||||
Nuclear decommissioning ARO, beginning balance | $ 10,005 | 10,005 | ||
Accretion expense | 243 | |||
Asset Retirement Obligation, Revision of Estimate | 232 | |||
Costs incurred related to decommissioning plants | (43) | |||
Nuclear decommissioning ARO, ending balance | 10,437 | |||
Current portion of ARO | 99 | 22 | ||
Nuclear Decommissioning Asset Retirement Obligation [Member] | Oyster Creek [Member] | ||||
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward] | ||||
Liabilities held for sale | 755 | 772 | ||
Nuclear Decommissioning Asset Retirement Obligation [Member] | Exelon Generation Co L L C [Member] | Oyster Creek [Member] | ||||
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward] | ||||
Liabilities held for sale | $ 755 | $ 772 |
Retirement Benefits - Narrative
Retirement Benefits - Narrative (Details) $ in Millions | 3 Months Ended | 6 Months Ended |
Jun. 30, 2019USD ($) | Jun. 30, 2019USD ($) | |
Defined Benefit Plan Disclosure [Line Items] | ||
Increase (Decrease) in Obligation, Pension Benefits | $ 75 | |
Increase (Decrease) in Obligation, Other Postretirement Benefits | 36 | |
Accumulated Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), after Tax | (39) | $ (39) |
Defined Benefit Plan Amounts Recognized In Regulatory Assets Before Tax | 53 | |
Defined Benefit Plan Amounts Recognized In Regulatory Liabilities Before Tax | $ (5) | |
Pension Plan, Defined Benefit [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Expected return on assets | 7.00% | |
Discount rate | 4.31% | |
Other Postretirement Benefit Plan, Defined Benefit [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Expected return on assets | 6.67% | |
Discount rate | 4.30% |
Retirement Benefits - Calculati
Retirement Benefits - Calculation of Net Periodic Benefit Cost (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Amortization of: | ||||
Net periodic benefit cost | $ (5) | $ 11 | $ (10) | $ 21 |
Pension Plan, Defined Benefit [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | 89 | 102 | 178 | 202 |
Interest cost | 221 | 200 | 442 | 401 |
Expected return on assets | (306) | (313) | (612) | (626) |
Amortization of: | ||||
Prior service cost (benefit) | 0 | 0 | 0 | 1 |
Actuarial loss | 103 | 157 | 206 | 314 |
Settlement charges | 0 | 1 | 0 | 1 |
Net periodic benefit cost | 107 | 147 | 214 | 293 |
Other Postretirement Benefit Plan, Defined Benefit [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | 24 | 28 | 47 | 56 |
Interest cost | 47 | 44 | 94 | 88 |
Expected return on assets | (38) | (43) | (77) | (87) |
Amortization of: | ||||
Prior service cost (benefit) | (44) | (47) | (89) | (93) |
Actuarial loss | 10 | 16 | 23 | 33 |
Settlement charges | 0 | 0 | 0 | 0 |
Net periodic benefit cost | $ (1) | $ (2) | $ (2) | $ (3) |
Retirement Benefits - Allocated
Retirement Benefits - Allocated Portion of Pension and Postretirement Benefit Plan Costs (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Cost (Reversal of Cost) | $ 212 | $ 290 | ||
Pension and other post retirement benefit [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Cost (Reversal of Cost) | $ 106 | $ 145 | 212 | 290 |
Exelon Generation Co L L C [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Cost (Reversal of Cost) | 62 | 100 | ||
Exelon Generation Co L L C [Member] | Pension and other post retirement benefit [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Cost (Reversal of Cost) | 31 | 51 | 62 | 100 |
Commonwealth Edison Co [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Cost (Reversal of Cost) | 47 | 88 | ||
Commonwealth Edison Co [Member] | Pension and other post retirement benefit [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Cost (Reversal of Cost) | 23 | 44 | 47 | 88 |
PECO Energy Co [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Cost (Reversal of Cost) | 5 | 10 | ||
PECO Energy Co [Member] | Pension and other post retirement benefit [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Cost (Reversal of Cost) | 3 | 5 | 5 | 10 |
Baltimore Gas and Electric Company [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Cost (Reversal of Cost) | 29 | 29 | ||
Baltimore Gas and Electric Company [Member] | Pension and other post retirement benefit [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Cost (Reversal of Cost) | 16 | 15 | 30 | 30 |
Pepco Holdings LLC [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Cost (Reversal of Cost) | 48 | 34 | ||
Pepco Holdings LLC [Member] | Pension and other post retirement benefit [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Cost (Reversal of Cost) | 24 | 17 | 48 | 34 |
Potomac Electric Power Company [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Cost (Reversal of Cost) | 12 | 8 | ||
Potomac Electric Power Company [Member] | Pension and other post retirement benefit [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Cost (Reversal of Cost) | 6 | 3 | 12 | 8 |
Delmarva Power and Light Company [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Cost (Reversal of Cost) | 8 | 3 | ||
Delmarva Power and Light Company [Member] | Pension and other post retirement benefit [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Cost (Reversal of Cost) | 4 | 2 | 8 | 3 |
Atlantic City Electric Company [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Cost (Reversal of Cost) | 8 | 6 | ||
Atlantic City Electric Company [Member] | Pension and other post retirement benefit [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Cost (Reversal of Cost) | $ 4 | $ 3 | $ 8 | $ 6 |
Retirement Benefits - Defined C
Retirement Benefits - Defined Contribution Savings Plans (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Defined Benefit Plan Disclosure [Line Items] | ||||
Savings Plan Matching Contributions | $ 33 | $ 50 | $ 64 | $ 82 |
Exelon Generation Co L L C [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Savings Plan Matching Contributions | 14 | 28 | 28 | 43 |
Commonwealth Edison Co [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Savings Plan Matching Contributions | 9 | 8 | 16 | 15 |
PECO Energy Co [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Savings Plan Matching Contributions | 2 | 2 | 5 | 4 |
Baltimore Gas and Electric Company [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Savings Plan Matching Contributions | 2 | 2 | 4 | 4 |
Pepco Holdings LLC [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Savings Plan Matching Contributions | 3 | 3 | 6 | 6 |
Potomac Electric Power Company [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Savings Plan Matching Contributions | 1 | 1 | 2 | 2 |
Delmarva Power and Light Company [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Savings Plan Matching Contributions | 1 | 1 | 1 | 1 |
Atlantic City Electric Company [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Savings Plan Matching Contributions | $ 0 | $ 0 | $ 1 | $ 1 |
Changes in Accumulated Other _3
Changes in Accumulated Other Comprehensive Income - Schedule of Changes in AOCI (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2019 | Mar. 31, 2019 | Jun. 30, 2018 | Mar. 31, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Movement in Accumulated Other Comprehensive Income [Roll Forward] | ||||||
Beginning balance | $ 33,704 | $ 33,070 | $ 32,565 | $ 32,187 | $ 33,070 | $ 32,187 |
Beginning Balance | 30,764 | 30,764 | ||||
Other comprehensive income | 21 | 44 | 3 | 117 | ||
Ending balance | 33,907 | 33,704 | 32,839 | 32,565 | 33,907 | 32,839 |
Ending Balance | 31,548 | 31,548 | ||||
Tax Cuts and Jobs Act, Reclassification from AOCI to Retained Earnings | 539 | |||||
Gains (Losses) on Cash Flow Hedges | ||||||
Movement in Accumulated Other Comprehensive Income [Roll Forward] | ||||||
Beginning balance | (2) | (14) | (2) | (14) | ||
OCI before reclassifications | 0 | 13 | ||||
Amounts reclassified from AOCI | 0 | (1) | ||||
Other comprehensive income | 0 | 12 | ||||
Ending balance | (2) | (2) | (2) | (2) | ||
Gains (Losses) on Cash Flow Hedges | Accounting Standards Update 2016-01 [Member] | ||||||
Movement in Accumulated Other Comprehensive Income [Roll Forward] | ||||||
Impact of adoption of Recognition and Measurement of Financial Assets and Liabilities standard(c) | 0 | |||||
Unrealized Gains (Losses) on Marketable Securities | ||||||
Movement in Accumulated Other Comprehensive Income [Roll Forward] | ||||||
Beginning balance | 10 | 10 | ||||
OCI before reclassifications | 0 | |||||
Amounts reclassified from AOCI | 0 | |||||
Other comprehensive income | 0 | |||||
Ending balance | 0 | 0 | ||||
Unrealized Gains (Losses) on Marketable Securities | Accounting Standards Update 2016-01 [Member] | ||||||
Movement in Accumulated Other Comprehensive Income [Roll Forward] | ||||||
Impact of adoption of Recognition and Measurement of Financial Assets and Liabilities standard(c) | (10) | |||||
Pension and Non-Pension Postretirement Benefit Plan Items | ||||||
Movement in Accumulated Other Comprehensive Income [Roll Forward] | ||||||
Beginning balance | (2,960) | (2,998) | (2,960) | (2,998) | ||
OCI before reclassifications | (39) | 20 | ||||
Amounts reclassified from AOCI | 20 | 44 | 42 | 88 | ||
Other comprehensive income | 3 | 108 | ||||
Ending balance | (2,957) | (2,890) | (2,957) | (2,890) | ||
Pension and Non-Pension Postretirement Benefit Plan Items | Accounting Standards Update 2016-01 [Member] | ||||||
Movement in Accumulated Other Comprehensive Income [Roll Forward] | ||||||
Impact of adoption of Recognition and Measurement of Financial Assets and Liabilities standard(c) | 0 | |||||
Foreign Currency Items | ||||||
Movement in Accumulated Other Comprehensive Income [Roll Forward] | ||||||
Beginning balance | (33) | (23) | (33) | (23) | ||
OCI before reclassifications | 4 | (6) | ||||
Amounts reclassified from AOCI | 0 | 0 | ||||
Other comprehensive income | 4 | (6) | ||||
Ending balance | (29) | (29) | (29) | (29) | ||
Foreign Currency Items | Accounting Standards Update 2016-01 [Member] | ||||||
Movement in Accumulated Other Comprehensive Income [Roll Forward] | ||||||
Impact of adoption of Recognition and Measurement of Financial Assets and Liabilities standard(c) | 0 | |||||
AOCI of Investments in Unconsolidated Affiliates | ||||||
Movement in Accumulated Other Comprehensive Income [Roll Forward] | ||||||
Beginning balance | 0 | (1) | 0 | (1) | ||
OCI before reclassifications | (2) | 1 | ||||
Amounts reclassified from AOCI | 0 | 0 | ||||
Other comprehensive income | (2) | 1 | ||||
Ending balance | (2) | 0 | (2) | 0 | ||
AOCI of Investments in Unconsolidated Affiliates | Accounting Standards Update 2016-01 [Member] | ||||||
Movement in Accumulated Other Comprehensive Income [Roll Forward] | ||||||
Impact of adoption of Recognition and Measurement of Financial Assets and Liabilities standard(c) | 0 | |||||
Total | ||||||
Movement in Accumulated Other Comprehensive Income [Roll Forward] | ||||||
Beginning balance | (3,012) | (2,995) | (2,965) | (3,026) | (2,995) | (3,026) |
OCI before reclassifications | (37) | 28 | ||||
Amounts reclassified from AOCI | 42 | 87 | ||||
Other comprehensive income | 22 | (17) | 44 | 71 | 5 | 115 |
Ending balance | (2,990) | (3,012) | (2,921) | (2,965) | (2,990) | (2,921) |
Total | Accounting Standards Update 2016-01 [Member] | ||||||
Movement in Accumulated Other Comprehensive Income [Roll Forward] | ||||||
Impact of adoption of Recognition and Measurement of Financial Assets and Liabilities standard(c) | (10) | |||||
Exelon Generation Co L L C [Member] | ||||||
Movement in Accumulated Other Comprehensive Income [Roll Forward] | ||||||
Beginning Balance | 15,696 | 15,508 | 15,958 | 15,959 | 15,508 | 15,959 |
Other comprehensive income | (1) | 1 | 2 | 7 | 0 | 9 |
Ending Balance | 15,592 | 15,696 | 15,939 | 15,958 | 15,592 | 15,939 |
Exelon Generation Co L L C [Member] | Gains (Losses) on Cash Flow Hedges | ||||||
Movement in Accumulated Other Comprehensive Income [Roll Forward] | ||||||
Beginning Balance | (4) | (16) | (4) | (16) | ||
OCI before reclassifications | 0 | 13 | ||||
Amounts reclassified from AOCI | 0 | (1) | ||||
Other comprehensive income | 0 | 12 | ||||
Ending Balance | (4) | (4) | (4) | (4) | ||
Exelon Generation Co L L C [Member] | Gains (Losses) on Cash Flow Hedges | Accounting Standards Update 2016-01 [Member] | ||||||
Movement in Accumulated Other Comprehensive Income [Roll Forward] | ||||||
Impact of adoption of Recognition and Measurement of Financial Assets and Liabilities standard(c) | 0 | |||||
Exelon Generation Co L L C [Member] | Unrealized Gains (Losses) on Marketable Securities | ||||||
Movement in Accumulated Other Comprehensive Income [Roll Forward] | ||||||
Beginning Balance | 3 | 3 | ||||
OCI before reclassifications | 0 | |||||
Amounts reclassified from AOCI | 0 | |||||
Other comprehensive income | 0 | |||||
Ending Balance | 0 | 0 | ||||
Exelon Generation Co L L C [Member] | Unrealized Gains (Losses) on Marketable Securities | Accounting Standards Update 2016-01 [Member] | ||||||
Movement in Accumulated Other Comprehensive Income [Roll Forward] | ||||||
Impact of adoption of Recognition and Measurement of Financial Assets and Liabilities standard(c) | (3) | |||||
Exelon Generation Co L L C [Member] | Pension and Non-Pension Postretirement Benefit Plan Items | ||||||
Movement in Accumulated Other Comprehensive Income [Roll Forward] | ||||||
Beginning Balance | 0 | 0 | 0 | 0 | ||
OCI before reclassifications | 0 | 0 | ||||
Amounts reclassified from AOCI | 0 | 0 | ||||
Other comprehensive income | 0 | 0 | ||||
Ending Balance | 0 | 0 | 0 | 0 | ||
Exelon Generation Co L L C [Member] | Pension and Non-Pension Postretirement Benefit Plan Items | Accounting Standards Update 2016-01 [Member] | ||||||
Movement in Accumulated Other Comprehensive Income [Roll Forward] | ||||||
Impact of adoption of Recognition and Measurement of Financial Assets and Liabilities standard(c) | 0 | |||||
Exelon Generation Co L L C [Member] | Foreign Currency Items | ||||||
Movement in Accumulated Other Comprehensive Income [Roll Forward] | ||||||
Beginning Balance | (33) | (23) | (33) | (23) | ||
OCI before reclassifications | 4 | (6) | ||||
Amounts reclassified from AOCI | 0 | 0 | ||||
Other comprehensive income | 4 | (6) | ||||
Ending Balance | (29) | (29) | (29) | (29) | ||
Exelon Generation Co L L C [Member] | Foreign Currency Items | Accounting Standards Update 2016-01 [Member] | ||||||
Movement in Accumulated Other Comprehensive Income [Roll Forward] | ||||||
Impact of adoption of Recognition and Measurement of Financial Assets and Liabilities standard(c) | 0 | |||||
Exelon Generation Co L L C [Member] | AOCI of Investments in Unconsolidated Affiliates | ||||||
Movement in Accumulated Other Comprehensive Income [Roll Forward] | ||||||
Beginning Balance | (1) | (1) | (1) | (1) | ||
OCI before reclassifications | (2) | 1 | ||||
Amounts reclassified from AOCI | 0 | 0 | ||||
Other comprehensive income | (2) | 1 | ||||
Ending Balance | (3) | 0 | (3) | 0 | ||
Exelon Generation Co L L C [Member] | AOCI of Investments in Unconsolidated Affiliates | Accounting Standards Update 2016-01 [Member] | ||||||
Movement in Accumulated Other Comprehensive Income [Roll Forward] | ||||||
Impact of adoption of Recognition and Measurement of Financial Assets and Liabilities standard(c) | 0 | |||||
Exelon Generation Co L L C [Member] | Total | ||||||
Movement in Accumulated Other Comprehensive Income [Roll Forward] | ||||||
Beginning Balance | (36) | (38) | (34) | (37) | (38) | (37) |
OCI before reclassifications | 2 | 8 | ||||
Amounts reclassified from AOCI | 0 | (1) | ||||
Other comprehensive income | 0 | 2 | 1 | 6 | 2 | 7 |
Ending Balance | $ (36) | $ (36) | $ (33) | $ (34) | $ (36) | (33) |
Exelon Generation Co L L C [Member] | Total | Accounting Standards Update 2016-01 [Member] | ||||||
Movement in Accumulated Other Comprehensive Income [Roll Forward] | ||||||
Impact of adoption of Recognition and Measurement of Financial Assets and Liabilities standard(c) | $ (3) |
Changes in Accumulated Other _4
Changes in Accumulated Other Comprehensive Income - Reclassification out of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2019 | Jun. 30, 2018 | Mar. 31, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||||
Income Tax Expense (Benefit) | $ 144 | $ 66 | $ 454 | $ 125 | |
Amortization of pension and other postretirement benefit plan items | $ 4 | ||||
Gains (Losses) on Cash Flow Hedges | |||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||||
Amounts reclassified from AOCI | 0 | 1 | |||
Prior service costs | |||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||||
Amortization of pension and other postretirement benefit plan items | 22 | 23 | 44 | 46 | |
Actuarial losses | |||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||||
Amortization of pension and other postretirement benefit plan items | (49) | (83) | (100) | (166) | |
Pension and Non-Pension Postretirement Benefit Plan Items | |||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||||
Amortization of pension and other postretirement benefit plan items | (27) | (60) | (56) | (120) | |
Tax benefit | 7 | 16 | 14 | 32 | |
Amounts reclassified from AOCI | $ (20) | $ (44) | $ (42) | $ (88) |
Changes in Accumulated Other _5
Changes in Accumulated Other Comprehensive Income - Components of Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Other Comprehensive Income (Loss), Tax | $ (6) | $ (16) | $ 1 | $ (43) |
Prior service costs | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Other Comprehensive Income (Loss), Tax | 6 | 6 | 12 | 12 |
Actuarial losses | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Other Comprehensive Income (Loss), Tax | (13) | (22) | (26) | (44) |
Pension and Non-Pension Postretirement Benefit Plan Items | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Other Comprehensive Income (Loss), Tax | 0 | 1 | 14 | (6) |
Gains (Losses) on Cash Flow Hedges | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Other Comprehensive Income (Loss), Tax | 0 | (1) | 0 | (4) |
Unrealized Gains (Losses) on Marketable Securities | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Change in unrealized gains (losses) on investments in unconsolidated affiliates | 1 | 0 | 1 | (1) |
Exelon Generation Co L L C [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Other Comprehensive Income (Loss), Tax | 1 | (1) | 1 | (5) |
Exelon Generation Co L L C [Member] | Gains (Losses) on Cash Flow Hedges | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Other Comprehensive Income (Loss), Tax | 0 | (1) | 0 | (4) |
Exelon Generation Co L L C [Member] | Unrealized Gains (Losses) on Marketable Securities | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Change in unrealized gains (losses) on investments in unconsolidated affiliates | $ 1 | $ 0 | $ 1 | $ (1) |
Commitments and Contingencies -
Commitments and Contingencies - Narrative (Details) $ in Millions | Mar. 23, 2016USD ($)MW | Jun. 30, 2019USD ($)MGPSiteOpen_claimMW | Dec. 31, 2022MW | Dec. 31, 2018USD ($)MW | Dec. 31, 2017MW |
Commitments And Contingencies Additional Narrative Information [Line Items] | |||||
Other Commitment | $ 3,211 | ||||
Accrual for Environmental Loss Contingencies, Gross | 482 | $ 496 | |||
Exelon Generation Co L L C [Member] | |||||
Commitments And Contingencies Additional Narrative Information [Line Items] | |||||
Other Commitment | 2,554 | ||||
Accrued Insurance, Current | 13,900 | ||||
Loss Contingency, Undiscounted Amount of Insurance-related Assessment Liability | 450 | ||||
Maximum liability per nuclear incident | 13,500 | ||||
Prepaid Reinsurance Premiums | 334 | ||||
Estimated Insurance Recoveries | 3,200 | ||||
Accrual for Environmental Loss Contingencies, Gross | 107 | 108 | |||
Liability for Asbestos and Environmental Claims, Gross | 84 | 79 | |||
Commonwealth Edison Co [Member] | |||||
Commitments And Contingencies Additional Narrative Information [Line Items] | |||||
Other Commitment | $ 259 | ||||
Mgp Site Contingency Approved Cleanup Count | MGPSite | 42 | ||||
Mgp Site Contingency Count | MGPSite | 21 | ||||
Mgp Site Contingency Monitoring Count | MGPSite | 21 | ||||
Accrual for Environmental Loss Contingencies, Gross | $ 318 | 329 | |||
PECO Energy Co [Member] | |||||
Commitments And Contingencies Additional Narrative Information [Line Items] | |||||
Other Commitment | $ 187 | ||||
Mgp Site Contingency Approved Cleanup Count | MGPSite | 26 | ||||
Mgp Site Contingency Count | MGPSite | 17 | ||||
Mgp Site Contingency Monitoring Count | MGPSite | 9 | ||||
Accrual for Environmental Loss Contingencies, Gross | $ 25 | 27 | |||
Baltimore Gas and Electric Company [Member] | |||||
Commitments And Contingencies Additional Narrative Information [Line Items] | |||||
Other Commitment | $ 26 | ||||
Mgp Site Contingency Approved Cleanup Count | MGPSite | 13 | ||||
Mgp Site Contingency Count | MGPSite | 9 | ||||
Mgp Site Contingency Monitoring Count | MGPSite | 4 | ||||
Accrual for Environmental Loss Contingencies, Gross | $ 5 | 5 | |||
Pepco Holdings LLC [Member] | |||||
Commitments And Contingencies Additional Narrative Information [Line Items] | |||||
Other Commitment | 75 | ||||
Accrual for Environmental Loss Contingencies, Gross | 27 | 27 | |||
Potomac Electric Power Company [Member] | |||||
Commitments And Contingencies Additional Narrative Information [Line Items] | |||||
Other Commitment | 50 | ||||
Accrual for Environmental Loss Contingencies, Gross | 24 | 25 | |||
Delmarva Power and Light Company [Member] | |||||
Commitments And Contingencies Additional Narrative Information [Line Items] | |||||
Other Commitment | $ 15 | ||||
Mgp Site Contingency Approved Cleanup Count | MGPSite | 3 | ||||
Mgp Site Contingency Count | MGPSite | 2 | ||||
Accrual for Environmental Loss Contingencies, Gross | $ 1 | $ 1 | |||
Open Claims [Member] | Exelon Generation Co L L C [Member] | |||||
Commitments And Contingencies Additional Narrative Information [Line Items] | |||||
Liability for Asbestos and Environmental Claims, Gross | $ 24 | ||||
Open Asbestos Related Personal Injury Claims | Open_claim | 244 | ||||
Estimated Future Claims [Member] | Exelon Generation Co L L C [Member] | |||||
Commitments And Contingencies Additional Narrative Information [Line Items] | |||||
Liability for Asbestos and Environmental Claims, Gross | $ 60 | ||||
Nuclear Insurance Premiums [Member] | |||||
Commitments And Contingencies Additional Narrative Information [Line Items] | |||||
Nuclear financial protection pool value | 2,900 | ||||
Nuclear Insurance Premiums [Member] | Maximum [Member] | |||||
Commitments And Contingencies Additional Narrative Information [Line Items] | |||||
Nuclear financial protection pool value | 434 | ||||
Pepco Holdings Inc [Member] | |||||
Commitments And Contingencies Additional Narrative Information [Line Items] | |||||
Other Commitment | 513 | ||||
Pepco Holdings Inc [Member] | Pepco Holdings LLC [Member] | |||||
Commitments And Contingencies Additional Narrative Information [Line Items] | |||||
Other Commitment | 320 | ||||
Pepco Holdings Inc [Member] | Potomac Electric Power Company [Member] | |||||
Commitments And Contingencies Additional Narrative Information [Line Items] | |||||
Other Commitment | 120 | ||||
Pepco Holdings Inc [Member] | Delmarva Power and Light Company [Member] | |||||
Commitments And Contingencies Additional Narrative Information [Line Items] | |||||
Other Commitment | 89 | ||||
West Lake [Member] | |||||
Commitments And Contingencies Additional Narrative Information [Line Items] | |||||
Accrual for Environmental Loss Contingencies, Gross | 280 | ||||
West Lake [Member] | Exelon Generation Co L L C [Member] | |||||
Commitments And Contingencies Additional Narrative Information [Line Items] | |||||
Accrual for Environmental Loss Contingencies, Gross | 20 | ||||
Accrual for Environmental Loss Contingencies, Component Amount | $ 90 | ||||
Other Solar Projects [Member] | Pepco Holdings Inc [Member] | |||||
Commitments And Contingencies Additional Narrative Information [Line Items] | |||||
Business Acquisition, Expected New Generation Mwh | MW | 37 | ||||
Other Non-Financial Commitment | MW | 27 | ||||
Other Commitment | $ 127 | $ 102 | |||
Other Solar Projects [Member] | Pepco Holdings Inc [Member] | Exelon Generation Co L L C [Member] | |||||
Commitments And Contingencies Additional Narrative Information [Line Items] | |||||
Other Commitment | $ 102 | ||||
Wind Assets [Member] | Pepco Holdings Inc [Member] | |||||
Commitments And Contingencies Additional Narrative Information [Line Items] | |||||
Other Non-Financial Commitment | MW | 100 | ||||
Wind Assets [Member] | Pepco Holdings Inc [Member] | Delmarva Power and Light Company [Member] | |||||
Commitments And Contingencies Additional Narrative Information [Line Items] | |||||
Purchase Commitment | MW | 120 | 40 | 40 | ||
Subsequent Event [Member] | Wind Assets [Member] | Pepco Holdings Inc [Member] | Delmarva Power and Light Company [Member] | |||||
Commitments And Contingencies Additional Narrative Information [Line Items] | |||||
Purchase Commitment | MW | 40 |
Commitments and Contingencies_3
Commitments and Contingencies - Merger Commitment (Details) $ in Millions | Jun. 30, 2019USD ($) |
Other Commitments [Line Items] | |
Other Commitment | $ 3,211 |
Pepco Holdings LLC [Member] | |
Other Commitments [Line Items] | |
Other Commitment | 75 |
Potomac Electric Power Company [Member] | |
Other Commitments [Line Items] | |
Other Commitment | 50 |
Delmarva Power and Light Company [Member] | |
Other Commitments [Line Items] | |
Other Commitment | 15 |
Atlantic City Electric Company [Member] | |
Other Commitments [Line Items] | |
Other Commitment | 10 |
Pepco Holdings Inc [Member] | |
Other Commitments [Line Items] | |
Other Commitment | 513 |
Pepco Holdings Inc [Member] | Rate credits | |
Other Commitments [Line Items] | |
Other Commitment | 264 |
Pepco Holdings Inc [Member] | Energy efficiency | |
Other Commitments [Line Items] | |
Other Commitment | 117 |
Pepco Holdings Inc [Member] | Charitable contributions | |
Other Commitments [Line Items] | |
Other Commitment | 50 |
Pepco Holdings Inc [Member] | Delivery system modernization | |
Other Commitments [Line Items] | |
Other Commitment | 22 |
Pepco Holdings Inc [Member] | Green sustainability fund | |
Other Commitments [Line Items] | |
Other Commitment | 14 |
Pepco Holdings Inc [Member] | Workforce development | |
Other Commitments [Line Items] | |
Other Commitment | 17 |
Pepco Holdings Inc [Member] | Other | |
Other Commitments [Line Items] | |
Other Commitment | 29 |
Pepco Holdings Inc [Member] | Remaining commitment | |
Other Commitments [Line Items] | |
Other Commitment | 116 |
Pepco Holdings Inc [Member] | Pepco Holdings LLC [Member] | |
Other Commitments [Line Items] | |
Other Commitment | 320 |
Pepco Holdings Inc [Member] | Pepco Holdings LLC [Member] | Rate credits | |
Other Commitments [Line Items] | |
Other Commitment | 264 |
Pepco Holdings Inc [Member] | Pepco Holdings LLC [Member] | Energy efficiency | |
Other Commitments [Line Items] | |
Other Commitment | 0 |
Pepco Holdings Inc [Member] | Pepco Holdings LLC [Member] | Charitable contributions | |
Other Commitments [Line Items] | |
Other Commitment | 50 |
Pepco Holdings Inc [Member] | Pepco Holdings LLC [Member] | Delivery system modernization | |
Other Commitments [Line Items] | |
Other Commitment | 0 |
Pepco Holdings Inc [Member] | Pepco Holdings LLC [Member] | Green sustainability fund | |
Other Commitments [Line Items] | |
Other Commitment | 0 |
Pepco Holdings Inc [Member] | Pepco Holdings LLC [Member] | Workforce development | |
Other Commitments [Line Items] | |
Other Commitment | 0 |
Pepco Holdings Inc [Member] | Pepco Holdings LLC [Member] | Other | |
Other Commitments [Line Items] | |
Other Commitment | 6 |
Pepco Holdings Inc [Member] | Pepco Holdings LLC [Member] | Remaining commitment | |
Other Commitments [Line Items] | |
Other Commitment | 86 |
Pepco Holdings Inc [Member] | Potomac Electric Power Company [Member] | |
Other Commitments [Line Items] | |
Other Commitment | 120 |
Pepco Holdings Inc [Member] | Potomac Electric Power Company [Member] | Rate credits | |
Other Commitments [Line Items] | |
Other Commitment | 91 |
Pepco Holdings Inc [Member] | Potomac Electric Power Company [Member] | Energy efficiency | |
Other Commitments [Line Items] | |
Other Commitment | 0 |
Pepco Holdings Inc [Member] | Potomac Electric Power Company [Member] | Charitable contributions | |
Other Commitments [Line Items] | |
Other Commitment | 28 |
Pepco Holdings Inc [Member] | Potomac Electric Power Company [Member] | Delivery system modernization | |
Other Commitments [Line Items] | |
Other Commitment | 0 |
Pepco Holdings Inc [Member] | Potomac Electric Power Company [Member] | Green sustainability fund | |
Other Commitments [Line Items] | |
Other Commitment | 0 |
Pepco Holdings Inc [Member] | Potomac Electric Power Company [Member] | Workforce development | |
Other Commitments [Line Items] | |
Other Commitment | 0 |
Pepco Holdings Inc [Member] | Potomac Electric Power Company [Member] | Other | |
Other Commitments [Line Items] | |
Other Commitment | 1 |
Pepco Holdings Inc [Member] | Potomac Electric Power Company [Member] | Remaining commitment | |
Other Commitments [Line Items] | |
Other Commitment | 69 |
Pepco Holdings Inc [Member] | Delmarva Power and Light Company [Member] | |
Other Commitments [Line Items] | |
Other Commitment | 89 |
Pepco Holdings Inc [Member] | Delmarva Power and Light Company [Member] | Rate credits | |
Other Commitments [Line Items] | |
Other Commitment | 72 |
Pepco Holdings Inc [Member] | Delmarva Power and Light Company [Member] | Energy efficiency | |
Other Commitments [Line Items] | |
Other Commitment | 0 |
Pepco Holdings Inc [Member] | Delmarva Power and Light Company [Member] | Charitable contributions | |
Other Commitments [Line Items] | |
Other Commitment | 12 |
Pepco Holdings Inc [Member] | Delmarva Power and Light Company [Member] | Delivery system modernization | |
Other Commitments [Line Items] | |
Other Commitment | 0 |
Pepco Holdings Inc [Member] | Delmarva Power and Light Company [Member] | Green sustainability fund | |
Other Commitments [Line Items] | |
Other Commitment | 0 |
Pepco Holdings Inc [Member] | Delmarva Power and Light Company [Member] | Workforce development | |
Other Commitments [Line Items] | |
Other Commitment | 0 |
Pepco Holdings Inc [Member] | Delmarva Power and Light Company [Member] | Other | |
Other Commitments [Line Items] | |
Other Commitment | 5 |
Pepco Holdings Inc [Member] | Delmarva Power and Light Company [Member] | Remaining commitment | |
Other Commitments [Line Items] | |
Other Commitment | 11 |
Pepco Holdings Inc [Member] | Atlantic City Electric Company [Member] | |
Other Commitments [Line Items] | |
Other Commitment | 111 |
Pepco Holdings Inc [Member] | Atlantic City Electric Company [Member] | Rate credits | |
Other Commitments [Line Items] | |
Other Commitment | 101 |
Pepco Holdings Inc [Member] | Atlantic City Electric Company [Member] | Energy efficiency | |
Other Commitments [Line Items] | |
Other Commitment | 0 |
Pepco Holdings Inc [Member] | Atlantic City Electric Company [Member] | Charitable contributions | |
Other Commitments [Line Items] | |
Other Commitment | 10 |
Pepco Holdings Inc [Member] | Atlantic City Electric Company [Member] | Delivery system modernization | |
Other Commitments [Line Items] | |
Other Commitment | 0 |
Pepco Holdings Inc [Member] | Atlantic City Electric Company [Member] | Green sustainability fund | |
Other Commitments [Line Items] | |
Other Commitment | 0 |
Pepco Holdings Inc [Member] | Atlantic City Electric Company [Member] | Workforce development | |
Other Commitments [Line Items] | |
Other Commitment | 0 |
Pepco Holdings Inc [Member] | Atlantic City Electric Company [Member] | Other | |
Other Commitments [Line Items] | |
Other Commitment | 0 |
Pepco Holdings Inc [Member] | Atlantic City Electric Company [Member] | Remaining commitment | |
Other Commitments [Line Items] | |
Other Commitment | $ 6 |
Commitments and Contingencies_4
Commitments and Contingencies - Schedule of Commercial Commitments (Details) $ in Millions | Jun. 30, 2019USD ($) |
Other Commitments [Line Items] | |
Other Commitment | $ 3,211 |
Guarantor Obligations, Maximum Exposure, Undiscounted | 68 |
Letters of Credit | |
Other Commitments [Line Items] | |
Other Commitment | 1,315 |
Surety Bonds | |
Other Commitments [Line Items] | |
Other Commitment | 1,492 |
Financing trust guarantees | |
Other Commitments [Line Items] | |
Other Commitment | 378 |
Guaranteed lease residual values | |
Other Commitments [Line Items] | |
Other Commitment | 26 |
Exelon Generation Co L L C [Member] | |
Other Commitments [Line Items] | |
Other Commitment | 2,554 |
Exelon Generation Co L L C [Member] | Letters of Credit | |
Other Commitments [Line Items] | |
Other Commitment | 1,283 |
Exelon Generation Co L L C [Member] | Surety Bonds | |
Other Commitments [Line Items] | |
Other Commitment | 1,271 |
Exelon Generation Co L L C [Member] | Financing trust guarantees | |
Other Commitments [Line Items] | |
Other Commitment | 0 |
Exelon Generation Co L L C [Member] | Guaranteed lease residual values | |
Other Commitments [Line Items] | |
Other Commitment | 0 |
Commonwealth Edison Co [Member] | |
Other Commitments [Line Items] | |
Other Commitment | 259 |
Commonwealth Edison Co [Member] | Letters of Credit | |
Other Commitments [Line Items] | |
Other Commitment | 7 |
Commonwealth Edison Co [Member] | Surety Bonds | |
Other Commitments [Line Items] | |
Other Commitment | 52 |
Commonwealth Edison Co [Member] | Financing trust guarantees | |
Other Commitments [Line Items] | |
Other Commitment | 200 |
Commonwealth Edison Co [Member] | Guaranteed lease residual values | |
Other Commitments [Line Items] | |
Other Commitment | 0 |
PECO Energy Co [Member] | |
Other Commitments [Line Items] | |
Other Commitment | 187 |
PECO Energy Co [Member] | Letters of Credit | |
Other Commitments [Line Items] | |
Other Commitment | 0 |
PECO Energy Co [Member] | Surety Bonds | |
Other Commitments [Line Items] | |
Other Commitment | 9 |
PECO Energy Co [Member] | Financing trust guarantees | |
Other Commitments [Line Items] | |
Other Commitment | 178 |
PECO Energy Co [Member] | Guaranteed lease residual values | |
Other Commitments [Line Items] | |
Other Commitment | 0 |
Baltimore Gas and Electric Company [Member] | |
Other Commitments [Line Items] | |
Other Commitment | 26 |
Baltimore Gas and Electric Company [Member] | Letters of Credit | |
Other Commitments [Line Items] | |
Other Commitment | 9 |
Baltimore Gas and Electric Company [Member] | Surety Bonds | |
Other Commitments [Line Items] | |
Other Commitment | 17 |
Baltimore Gas and Electric Company [Member] | Financing trust guarantees | |
Other Commitments [Line Items] | |
Other Commitment | 0 |
Baltimore Gas and Electric Company [Member] | Guaranteed lease residual values | |
Other Commitments [Line Items] | |
Other Commitment | 0 |
Pepco Holdings LLC [Member] | |
Other Commitments [Line Items] | |
Other Commitment | 75 |
Pepco Holdings LLC [Member] | Letters of Credit | |
Other Commitments [Line Items] | |
Other Commitment | 10 |
Pepco Holdings LLC [Member] | Surety Bonds | |
Other Commitments [Line Items] | |
Other Commitment | 39 |
Pepco Holdings LLC [Member] | Financing trust guarantees | |
Other Commitments [Line Items] | |
Other Commitment | 0 |
Pepco Holdings LLC [Member] | Guaranteed lease residual values | |
Other Commitments [Line Items] | |
Other Commitment | 26 |
Potomac Electric Power Company [Member] | |
Other Commitments [Line Items] | |
Other Commitment | 50 |
Guarantor Obligations, Maximum Exposure, Undiscounted | 23 |
Potomac Electric Power Company [Member] | Letters of Credit | |
Other Commitments [Line Items] | |
Other Commitment | 10 |
Potomac Electric Power Company [Member] | Surety Bonds | |
Other Commitments [Line Items] | |
Other Commitment | 31 |
Potomac Electric Power Company [Member] | Financing trust guarantees | |
Other Commitments [Line Items] | |
Other Commitment | 0 |
Potomac Electric Power Company [Member] | Guaranteed lease residual values | |
Other Commitments [Line Items] | |
Other Commitment | 9 |
Delmarva Power and Light Company [Member] | |
Other Commitments [Line Items] | |
Other Commitment | 15 |
Guarantor Obligations, Maximum Exposure, Undiscounted | 28 |
Delmarva Power and Light Company [Member] | Letters of Credit | |
Other Commitments [Line Items] | |
Other Commitment | 0 |
Delmarva Power and Light Company [Member] | Surety Bonds | |
Other Commitments [Line Items] | |
Other Commitment | 4 |
Delmarva Power and Light Company [Member] | Financing trust guarantees | |
Other Commitments [Line Items] | |
Other Commitment | 0 |
Delmarva Power and Light Company [Member] | Guaranteed lease residual values | |
Other Commitments [Line Items] | |
Other Commitment | 11 |
Atlantic City Electric Company [Member] | |
Other Commitments [Line Items] | |
Other Commitment | 10 |
Guarantor Obligations, Maximum Exposure, Undiscounted | 17 |
Atlantic City Electric Company [Member] | Letters of Credit | |
Other Commitments [Line Items] | |
Other Commitment | 0 |
Atlantic City Electric Company [Member] | Surety Bonds | |
Other Commitments [Line Items] | |
Other Commitment | 3 |
Atlantic City Electric Company [Member] | Financing trust guarantees | |
Other Commitments [Line Items] | |
Other Commitment | 0 |
Atlantic City Electric Company [Member] | Guaranteed lease residual values | |
Other Commitments [Line Items] | |
Other Commitment | $ 7 |
Maximum [Member] | |
Other Commitments [Line Items] | |
Lessor, Operating Lease, Term of Contract | 84 years |
Maximum [Member] | Guaranteed lease residual values | |
Other Commitments [Line Items] | |
Lessor, Operating Lease, Term of Contract | 8 years |
Maximum [Member] | Exelon Generation Co L L C [Member] | |
Other Commitments [Line Items] | |
Lessor, Operating Lease, Term of Contract | 33 years |
Maximum [Member] | Commonwealth Edison Co [Member] | |
Other Commitments [Line Items] | |
Lessor, Operating Lease, Term of Contract | 18 years |
Maximum [Member] | PECO Energy Co [Member] | |
Other Commitments [Line Items] | |
Lessor, Operating Lease, Term of Contract | 84 years |
Maximum [Member] | Baltimore Gas and Electric Company [Member] | |
Other Commitments [Line Items] | |
Lessor, Operating Lease, Term of Contract | 24 years |
Maximum [Member] | Pepco Holdings LLC [Member] | |
Other Commitments [Line Items] | |
Lessor, Operating Lease, Term of Contract | 14 years |
Maximum [Member] | Potomac Electric Power Company [Member] | |
Other Commitments [Line Items] | |
Lessor, Operating Lease, Term of Contract | 7 years |
Maximum [Member] | Delmarva Power and Light Company [Member] | |
Other Commitments [Line Items] | |
Lessor, Operating Lease, Term of Contract | 14 years |
Maximum [Member] | Atlantic City Electric Company [Member] | |
Other Commitments [Line Items] | |
Lessor, Operating Lease, Term of Contract | 3 years |
Minimum [Member] | |
Other Commitments [Line Items] | |
Lessor, Operating Lease, Term of Contract | 1 year |
Minimum [Member] | Guaranteed lease residual values | |
Other Commitments [Line Items] | |
Lessor, Operating Lease, Term of Contract | 1 year |
Minimum [Member] | Exelon Generation Co L L C [Member] | |
Other Commitments [Line Items] | |
Lessor, Operating Lease, Term of Contract | 1 year |
Minimum [Member] | Commonwealth Edison Co [Member] | |
Other Commitments [Line Items] | |
Lessor, Operating Lease, Term of Contract | 1 year |
Minimum [Member] | PECO Energy Co [Member] | |
Other Commitments [Line Items] | |
Lessor, Operating Lease, Term of Contract | 1 year |
Minimum [Member] | Baltimore Gas and Electric Company [Member] | |
Other Commitments [Line Items] | |
Lessor, Operating Lease, Term of Contract | 24 years |
Minimum [Member] | Pepco Holdings LLC [Member] | |
Other Commitments [Line Items] | |
Lessor, Operating Lease, Term of Contract | 1 year |
Minimum [Member] | Potomac Electric Power Company [Member] | |
Other Commitments [Line Items] | |
Lessor, Operating Lease, Term of Contract | 2 years |
Minimum [Member] | Delmarva Power and Light Company [Member] | |
Other Commitments [Line Items] | |
Lessor, Operating Lease, Term of Contract | 13 years |
Minimum [Member] | Atlantic City Electric Company [Member] | |
Other Commitments [Line Items] | |
Lessor, Operating Lease, Term of Contract | 1 year |
Commitments and Contingencies_5
Commitments and Contingencies - Schedule of Accruals for Environmental Matters (Details) - USD ($) $ in Millions | Jun. 30, 2019 | Dec. 31, 2018 |
Accrual For Environmental Loss Contingencies [Line Items] | ||
Total environmental investigation and remediation reserve | $ 482 | $ 496 |
Exelon Generation Co L L C [Member] | ||
Accrual For Environmental Loss Contingencies [Line Items] | ||
Total environmental investigation and remediation reserve | 107 | 108 |
Commonwealth Edison Co [Member] | ||
Accrual For Environmental Loss Contingencies [Line Items] | ||
Total environmental investigation and remediation reserve | 318 | 329 |
PECO Energy Co [Member] | ||
Accrual For Environmental Loss Contingencies [Line Items] | ||
Total environmental investigation and remediation reserve | 25 | 27 |
Baltimore Gas and Electric Company [Member] | ||
Accrual For Environmental Loss Contingencies [Line Items] | ||
Total environmental investigation and remediation reserve | 5 | 5 |
Pepco Holdings LLC [Member] | ||
Accrual For Environmental Loss Contingencies [Line Items] | ||
Total environmental investigation and remediation reserve | 27 | 27 |
Potomac Electric Power Company [Member] | ||
Accrual For Environmental Loss Contingencies [Line Items] | ||
Total environmental investigation and remediation reserve | 24 | 25 |
Delmarva Power and Light Company [Member] | ||
Accrual For Environmental Loss Contingencies [Line Items] | ||
Total environmental investigation and remediation reserve | 1 | 1 |
Atlantic City Electric Company [Member] | ||
Accrual For Environmental Loss Contingencies [Line Items] | ||
Total environmental investigation and remediation reserve | 1 | 1 |
Accrual For MGP Investigation And Remediation [Member] | ||
Accrual For Environmental Loss Contingencies [Line Items] | ||
Total environmental investigation and remediation reserve | 345 | 356 |
Accrual For MGP Investigation And Remediation [Member] | Exelon Generation Co L L C [Member] | ||
Accrual For Environmental Loss Contingencies [Line Items] | ||
Total environmental investigation and remediation reserve | 0 | 0 |
Accrual For MGP Investigation And Remediation [Member] | Commonwealth Edison Co [Member] | ||
Accrual For Environmental Loss Contingencies [Line Items] | ||
Total environmental investigation and remediation reserve | 318 | 327 |
Accrual For MGP Investigation And Remediation [Member] | PECO Energy Co [Member] | ||
Accrual For Environmental Loss Contingencies [Line Items] | ||
Total environmental investigation and remediation reserve | 24 | 25 |
Accrual For MGP Investigation And Remediation [Member] | Baltimore Gas and Electric Company [Member] | ||
Accrual For Environmental Loss Contingencies [Line Items] | ||
Total environmental investigation and remediation reserve | 3 | 4 |
Accrual For MGP Investigation And Remediation [Member] | Pepco Holdings LLC [Member] | ||
Accrual For Environmental Loss Contingencies [Line Items] | ||
Total environmental investigation and remediation reserve | 0 | 0 |
Accrual For MGP Investigation And Remediation [Member] | Potomac Electric Power Company [Member] | ||
Accrual For Environmental Loss Contingencies [Line Items] | ||
Total environmental investigation and remediation reserve | 0 | 0 |
Accrual For MGP Investigation And Remediation [Member] | Delmarva Power and Light Company [Member] | ||
Accrual For Environmental Loss Contingencies [Line Items] | ||
Total environmental investigation and remediation reserve | 0 | 0 |
Accrual For MGP Investigation And Remediation [Member] | Atlantic City Electric Company [Member] | ||
Accrual For Environmental Loss Contingencies [Line Items] | ||
Total environmental investigation and remediation reserve | $ 0 | $ 0 |
Supplemental Financial Inform_3
Supplemental Financial Information - Utility Taxes (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Supplemental Statement of Operations Information [Line Items] | ||||
Utility taxes | $ 209 | $ 218 | $ 432 | $ 452 |
Property | 148 | 135 | 296 | 271 |
Payroll | 61 | 65 | 127 | 133 |
Exelon Generation Co L L C [Member] | ||||
Supplemental Statement of Operations Information [Line Items] | ||||
Utility taxes | 32 | 29 | 58 | 60 |
Property | 68 | 65 | 138 | 134 |
Payroll | 30 | 34 | 64 | 68 |
Commonwealth Edison Co [Member] | ||||
Supplemental Statement of Operations Information [Line Items] | ||||
Utility taxes | 55 | 60 | 118 | 121 |
Property | 9 | 8 | 15 | 15 |
Payroll | 7 | 7 | 14 | 14 |
PECO Energy Co [Member] | ||||
Supplemental Statement of Operations Information [Line Items] | ||||
Utility taxes | 30 | 30 | 63 | 63 |
Property | 4 | 4 | 8 | 7 |
Payroll | 4 | 4 | 7 | 8 |
Baltimore Gas and Electric Company [Member] | ||||
Supplemental Statement of Operations Information [Line Items] | ||||
Utility taxes | 21 | 21 | 48 | 47 |
Property | 37 | 34 | 75 | 69 |
Payroll | 4 | 4 | 8 | 8 |
Pepco Holdings LLC [Member] | ||||
Supplemental Statement of Operations Information [Line Items] | ||||
Utility taxes | 71 | 78 | 145 | 161 |
Property | 30 | 24 | 60 | 46 |
Payroll | 7 | 6 | 14 | 14 |
Potomac Electric Power Company [Member] | ||||
Supplemental Statement of Operations Information [Line Items] | ||||
Utility taxes | 67 | 73 | 136 | 151 |
Property | 21 | 15 | 43 | 29 |
Payroll | 2 | 2 | 3 | 3 |
Delmarva Power and Light Company [Member] | ||||
Supplemental Statement of Operations Information [Line Items] | ||||
Utility taxes | 4 | 5 | 9 | 10 |
Property | 8 | 8 | 16 | 16 |
Payroll | 1 | 1 | 2 | 2 |
Atlantic City Electric Company [Member] | ||||
Supplemental Statement of Operations Information [Line Items] | ||||
Utility taxes | 0 | 0 | 0 | 0 |
Property | 1 | 1 | 1 | 1 |
Payroll | $ 1 | $ 1 | $ 2 | $ 2 |
Supplemental Financial Inform_4
Supplemental Financial Information - Operations (Detail) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Decommissioning-Related Activities [Abstract] | ||||
Net realized income on NDT funds - Regulatory agreement units | $ 77 | $ 216 | $ 131 | $ 262 |
Net realized income on NDT funds - Non-regulatory agreement units | 230 | 143 | 283 | 199 |
Net unrealized (losses) gains on NDT funds - Regulatory agreement units | 98 | (194) | 476 | (268) |
Net unrealized (losses) gains on NDT funds - Non-regulatory agreement units | (98) | (120) | 182 | (215) |
Regulatory offset to NDT fund-related activities | (141) | (23) | (487) | (1) |
Decommissioning-related activities | 166 | 22 | 585 | (23) |
AFUDC - Equity | 21 | 13 | 43 | 31 |
Non-service net periodic benefit cost | 5 | (11) | 10 | (21) |
Exelon Generation Co L L C [Member] | ||||
Decommissioning-Related Activities [Abstract] | ||||
Net realized income on NDT funds - Regulatory agreement units | 77 | 216 | 131 | 262 |
Net realized income on NDT funds - Non-regulatory agreement units | 230 | 143 | 283 | 199 |
Net unrealized (losses) gains on NDT funds - Regulatory agreement units | 98 | (194) | 476 | (268) |
Net unrealized (losses) gains on NDT funds - Non-regulatory agreement units | (98) | (120) | 182 | (215) |
Regulatory offset to NDT fund-related activities | (141) | (23) | (487) | (1) |
Decommissioning-related activities | 166 | 22 | 585 | (23) |
AFUDC - Equity | 0 | 0 | 0 | 0 |
Commonwealth Edison Co [Member] | ||||
Decommissioning-Related Activities [Abstract] | ||||
AFUDC - Equity | 4 | 2 | 9 | 8 |
PECO Energy Co [Member] | ||||
Decommissioning-Related Activities [Abstract] | ||||
AFUDC - Equity | 3 | 0 | 6 | 2 |
Baltimore Gas and Electric Company [Member] | ||||
Decommissioning-Related Activities [Abstract] | ||||
AFUDC - Equity | 5 | 4 | 10 | 8 |
Pepco Holdings LLC [Member] | ||||
Decommissioning-Related Activities [Abstract] | ||||
AFUDC - Equity | 9 | 7 | 18 | 13 |
Potomac Electric Power Company [Member] | ||||
Decommissioning-Related Activities [Abstract] | ||||
AFUDC - Equity | 6 | 6 | 12 | 12 |
Delmarva Power and Light Company [Member] | ||||
Decommissioning-Related Activities [Abstract] | ||||
AFUDC - Equity | 1 | 1 | 2 | 1 |
Atlantic City Electric Company [Member] | ||||
Decommissioning-Related Activities [Abstract] | ||||
AFUDC - Equity | $ 2 | $ 0 | $ 4 | $ 0 |
Supplemental Financial Inform_5
Supplemental Financial Information - Cash Flow (Details) - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
Depreciation, Amortization and Accretion [Abstract] | ||
Property, plant and equipment | $ 1,859 | $ 1,873 |
Amortization of regulatory assets | 266 | 278 |
Amortization of intangible assets, net | 29 | 28 |
Amortization of energy contract assets and liabilities | 5 | 10 |
Nuclear fuel | 513 | 569 |
ARO accretion | 250 | 242 |
Total depreciation, amortization and accretion | 2,922 | 3,000 |
Other Non-Cash Operating Activities [Abstract] | ||
Pension and non-pension postretirement benefit costs | 212 | 290 |
Provision for uncollectible accounts | 45 | 77 |
Other decommissioning-related activity | (260) | (61) |
Energy-related options | 43 | (7) |
Amortization of rate stabilization deferral | (10) | 13 |
Discrete impacts from EIMA and FEJA | 24 | 14 |
Long-term incentive plan | 35 | 51 |
Amortization of operating ROU asset | 115 | |
Exelon Generation Co L L C [Member] | ||
Depreciation, Amortization and Accretion [Abstract] | ||
Property, plant and equipment | 789 | 890 |
Amortization of regulatory assets | 0 | 0 |
Amortization of intangible assets, net | 25 | 24 |
Amortization of energy contract assets and liabilities | 5 | 10 |
Nuclear fuel | 513 | 569 |
ARO accretion | 248 | 242 |
Total depreciation, amortization and accretion | 1,580 | 1,735 |
Other Non-Cash Operating Activities [Abstract] | ||
Pension and non-pension postretirement benefit costs | 62 | 100 |
Provision for uncollectible accounts | 12 | 28 |
Other decommissioning-related activity | (261) | (61) |
Energy-related options | 43 | (7) |
Amortization of rate stabilization deferral | 0 | 0 |
Amortization of operating ROU asset | 78 | |
Commonwealth Edison Co [Member] | ||
Depreciation, Amortization and Accretion [Abstract] | ||
Property, plant and equipment | 439 | 406 |
Amortization of regulatory assets | 69 | 53 |
Amortization of intangible assets, net | 0 | 0 |
ARO accretion | 0 | 0 |
Total depreciation, amortization and accretion | 508 | 459 |
Other Non-Cash Operating Activities [Abstract] | ||
Pension and non-pension postretirement benefit costs | 47 | 88 |
Provision for uncollectible accounts | 16 | 18 |
Amortization of rate stabilization deferral | 0 | 0 |
Discrete impacts from EIMA and FEJA | 24 | 14 |
Amortization of operating ROU asset | 1 | |
PECO Energy Co [Member] | ||
Depreciation, Amortization and Accretion [Abstract] | ||
Property, plant and equipment | 149 | 135 |
Amortization of regulatory assets | 15 | 14 |
Amortization of intangible assets, net | 0 | 0 |
ARO accretion | 0 | 0 |
Total depreciation, amortization and accretion | 164 | 149 |
Other Non-Cash Operating Activities [Abstract] | ||
Pension and non-pension postretirement benefit costs | 5 | 10 |
Provision for uncollectible accounts | 10 | 11 |
Amortization of rate stabilization deferral | 0 | 0 |
Amortization of operating ROU asset | 0 | |
Baltimore Gas and Electric Company [Member] | ||
Depreciation, Amortization and Accretion [Abstract] | ||
Property, plant and equipment | 173 | 164 |
Amortization of regulatory assets | 79 | 84 |
Amortization of intangible assets, net | 0 | 0 |
ARO accretion | 0 | 0 |
Total depreciation, amortization and accretion | 252 | 248 |
Other Non-Cash Operating Activities [Abstract] | ||
Pension and non-pension postretirement benefit costs | 29 | 29 |
Provision for uncollectible accounts | 4 | 5 |
Amortization of rate stabilization deferral | 0 | 0 |
Amortization of operating ROU asset | 15 | |
Pepco Holdings LLC [Member] | ||
Depreciation, Amortization and Accretion [Abstract] | ||
Property, plant and equipment | 266 | 236 |
Amortization of regulatory assets | 103 | 127 |
Amortization of intangible assets, net | 0 | 0 |
ARO accretion | 0 | 0 |
Total depreciation, amortization and accretion | 369 | 363 |
Other Non-Cash Operating Activities [Abstract] | ||
Pension and non-pension postretirement benefit costs | 48 | 34 |
Provision for uncollectible accounts | 3 | 15 |
Amortization of rate stabilization deferral | (10) | 13 |
Amortization of operating ROU asset | 17 | |
Potomac Electric Power Company [Member] | ||
Depreciation, Amortization and Accretion [Abstract] | ||
Property, plant and equipment | 117 | 107 |
Amortization of regulatory assets | 69 | 81 |
Amortization of intangible assets, net | 0 | 0 |
ARO accretion | 0 | 0 |
Total depreciation, amortization and accretion | 186 | 188 |
Other Non-Cash Operating Activities [Abstract] | ||
Pension and non-pension postretirement benefit costs | 12 | 8 |
Provision for uncollectible accounts | 2 | 7 |
Amortization of rate stabilization deferral | (8) | 10 |
Amortization of operating ROU asset | 4 | |
Delmarva Power and Light Company [Member] | ||
Depreciation, Amortization and Accretion [Abstract] | ||
Property, plant and equipment | 71 | 64 |
Amortization of regulatory assets | 20 | 24 |
Amortization of intangible assets, net | 0 | 0 |
ARO accretion | 0 | 0 |
Total depreciation, amortization and accretion | 91 | 88 |
Other Non-Cash Operating Activities [Abstract] | ||
Pension and non-pension postretirement benefit costs | 8 | 3 |
Provision for uncollectible accounts | 1 | 2 |
Amortization of rate stabilization deferral | (2) | 3 |
Amortization of operating ROU asset | 5 | |
Atlantic City Electric Company [Member] | ||
Depreciation, Amortization and Accretion [Abstract] | ||
Property, plant and equipment | 57 | 47 |
Amortization of regulatory assets | 14 | 22 |
Amortization of intangible assets, net | 0 | 0 |
ARO accretion | 0 | 0 |
Total depreciation, amortization and accretion | 71 | 69 |
Other Non-Cash Operating Activities [Abstract] | ||
Pension and non-pension postretirement benefit costs | 8 | 6 |
Provision for uncollectible accounts | 0 | 5 |
Amortization of rate stabilization deferral | 0 | $ 0 |
Amortization of operating ROU asset | $ 2 |
Supplemental Financial Inform_6
Supplemental Financial Information - Balance Sheet (Details) - USD ($) $ in Millions | Jun. 30, 2019 | Dec. 31, 2018 | Jun. 30, 2018 | Dec. 31, 2017 |
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract] | ||||
Cash and cash equivalents | $ 735 | $ 1,349 | $ 694 | $ 898 |
Restricted cash | 252 | 247 | 206 | 207 |
Restricted cash included in other long-term assets | 191 | 185 | 128 | 85 |
Total cash, cash equivalents and restricted cash | 1,178 | 1,781 | 1,028 | 1,190 |
Receivables [Abstract] | ||||
Unbilled customer revenues | 1,352 | 1,656 | ||
Accrued Expenses [Abstract] | ||||
Compensation-related accruals | 767 | 1,191 | ||
Taxes accrued | 446 | 412 | ||
Interest accrued | 340 | 334 | ||
Exelon Generation Co L L C [Member] | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract] | ||||
Cash and cash equivalents | 575 | 750 | 420 | 416 |
Restricted cash | 122 | 153 | 130 | 138 |
Restricted cash included in other long-term assets | 0 | 0 | 0 | 0 |
Total cash, cash equivalents and restricted cash | 697 | 903 | 550 | 554 |
Receivables [Abstract] | ||||
Unbilled customer revenues | 703 | 965 | ||
Accrued Expenses [Abstract] | ||||
Compensation-related accruals | 292 | 479 | ||
Taxes accrued | 304 | 226 | ||
Interest accrued | 76 | 77 | ||
Commonwealth Edison Co [Member] | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract] | ||||
Cash and cash equivalents | 65 | 135 | 30 | 76 |
Restricted cash | 77 | 29 | 5 | 5 |
Restricted cash included in other long-term assets | 174 | 166 | 108 | 63 |
Total cash, cash equivalents and restricted cash | 316 | 330 | 143 | 144 |
Receivables [Abstract] | ||||
Unbilled customer revenues | 218 | 223 | ||
Accrued Expenses [Abstract] | ||||
Compensation-related accruals | 117 | 187 | ||
Taxes accrued | 65 | 71 | ||
Interest accrued | 109 | 105 | ||
PECO Energy Co [Member] | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract] | ||||
Cash and cash equivalents | 20 | 130 | 18 | 271 |
Restricted cash | 6 | 5 | 5 | 4 |
Restricted cash included in other long-term assets | 0 | 0 | 0 | 0 |
Total cash, cash equivalents and restricted cash | 26 | 135 | 23 | 275 |
Receivables [Abstract] | ||||
Unbilled customer revenues | 121 | 114 | ||
Accrued Expenses [Abstract] | ||||
Compensation-related accruals | 52 | 49 | ||
Taxes accrued | 14 | 28 | ||
Interest accrued | 33 | 33 | ||
Baltimore Gas and Electric Company [Member] | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract] | ||||
Cash and cash equivalents | 8 | 7 | 7 | 17 |
Restricted cash | 1 | 6 | 1 | 1 |
Restricted cash included in other long-term assets | 0 | 0 | 0 | 0 |
Total cash, cash equivalents and restricted cash | 9 | 13 | 8 | 18 |
Receivables [Abstract] | ||||
Unbilled customer revenues | 115 | 168 | ||
Accrued Expenses [Abstract] | ||||
Compensation-related accruals | 41 | 68 | ||
Taxes accrued | 21 | 46 | ||
Interest accrued | 40 | 39 | ||
Pepco Holdings LLC [Member] | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract] | ||||
Cash and cash equivalents | 54 | 124 | 195 | 30 |
Restricted cash | 37 | 43 | 38 | 42 |
Restricted cash included in other long-term assets | 17 | 19 | 20 | 23 |
Total cash, cash equivalents and restricted cash | 108 | 186 | 253 | 95 |
Receivables [Abstract] | ||||
Unbilled customer revenues | 195 | 186 | ||
Accrued Expenses [Abstract] | ||||
Compensation-related accruals | 72 | 99 | ||
Taxes accrued | 75 | 74 | ||
Interest accrued | 50 | 50 | ||
Potomac Electric Power Company [Member] | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract] | ||||
Cash and cash equivalents | 18 | 16 | 47 | 5 |
Restricted cash | 34 | 37 | 33 | 35 |
Restricted cash included in other long-term assets | 0 | 0 | 0 | 0 |
Total cash, cash equivalents and restricted cash | 52 | 53 | 80 | 40 |
Receivables [Abstract] | ||||
Unbilled customer revenues | 107 | 97 | ||
Accrued Expenses [Abstract] | ||||
Compensation-related accruals | 23 | 29 | ||
Taxes accrued | 54 | 58 | ||
Interest accrued | 24 | 25 | ||
Delmarva Power and Light Company [Member] | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract] | ||||
Cash and cash equivalents | 3 | 23 | 141 | 2 |
Restricted cash | 1 | 1 | 0 | 0 |
Restricted cash included in other long-term assets | 0 | 0 | 0 | 0 |
Total cash, cash equivalents and restricted cash | 4 | 24 | 141 | 2 |
Receivables [Abstract] | ||||
Unbilled customer revenues | 47 | 59 | ||
Accrued Expenses [Abstract] | ||||
Compensation-related accruals | 15 | 19 | ||
Taxes accrued | 13 | 4 | ||
Interest accrued | 8 | 8 | ||
Atlantic City Electric Company [Member] | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract] | ||||
Cash and cash equivalents | 4 | 7 | 6 | 2 |
Restricted cash | 2 | 4 | 5 | 6 |
Restricted cash included in other long-term assets | 17 | 19 | 20 | 23 |
Total cash, cash equivalents and restricted cash | 23 | 30 | $ 31 | $ 31 |
Receivables [Abstract] | ||||
Unbilled customer revenues | 41 | 30 | ||
Accrued Expenses [Abstract] | ||||
Compensation-related accruals | 10 | 12 | ||
Taxes accrued | 9 | 5 | ||
Interest accrued | $ 13 | $ 12 |
Segment Information - Narrative
Segment Information - Narrative (Details) | 6 Months Ended |
Jun. 30, 2019Reportable_segment | |
Segment Reporting Information [Line Items] | |
Number of reportable segments | 11 |
Exelon Generation Co L L C [Member] | |
Segment Reporting Information [Line Items] | |
Number of reportable segments | 5 |
Pepco Holdings LLC [Member] | |
Segment Reporting Information [Line Items] | |
Number of reportable segments | 3 |
Segment Information - Reconcili
Segment Information - Reconciliation to Consolidated Financial Statements (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2019 | Mar. 31, 2019 | Jun. 30, 2018 | Mar. 31, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2018 | ||
Segment Reporting Information [Line Items] | ||||||||
Revenues | $ 7,689 | $ 8,076 | $ 17,166 | $ 17,769 | ||||
Operating revenues from affiliates | 0 | 0 | 0 | 0 | ||||
Depreciation, Depletion and Amortization | 1,079 | 1,088 | 2,154 | 2,179 | ||||
Operating Expenses | 6,881 | 7,138 | 15,142 | 15,786 | ||||
Interest Revenue (Expense), Net | 409 | 373 | 813 | 745 | ||||
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | 644 | 613 | 1,926 | 1,315 | ||||
Income taxes | 144 | 66 | 454 | 125 | ||||
Net income (loss) | 494 | $ 966 | 542 | $ 636 | 1,460 | 1,179 | ||
Payments to Acquire Property, Plant, and Equipment | 1,702 | 1,927 | 3,572 | 3,807 | ||||
Assets | [1] | 121,596 | 121,596 | $ 119,666 | ||||
Pepco Holdings LLC [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenues | 1,091 | 1,076 | 2,319 | 2,327 | ||||
Operating revenues from affiliates | 3 | 3 | 7 | 7 | ||||
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | 112 | 99 | 234 | 173 | ||||
Income taxes | 6 | 15 | 11 | 24 | ||||
Net income (loss) | 106 | 117 | 84 | 65 | 223 | 149 | ||
Payments to Acquire Property, Plant, and Equipment | 698 | 629 | ||||||
Assets | [2] | 22,454 | 22,454 | 21,984 | ||||
Exelon Generation Co L L C [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenues | 4,210 | 4,579 | 9,506 | 10,090 | ||||
Operating revenues from affiliates | 252 | 273 | 569 | 671 | ||||
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | 202 | 209 | 854 | 412 | ||||
Income taxes | 78 | 23 | 301 | 32 | ||||
Net income (loss) | 118 | $ 422 | 181 | $ 186 | 540 | 368 | ||
Payments to Acquire Property, Plant, and Equipment | 890 | 1,298 | ||||||
Assets | [3] | 48,402 | 48,402 | 47,556 | ||||
Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Competitive businesses other revenues | 158 | 147 | 238 | 196 | ||||
Revenues | 7,689 | 8,076 | 17,166 | 17,769 | ||||
Net income (loss) | 494 | 542 | 1,460 | 1,179 | ||||
Assets | 121,596 | 121,596 | 119,666 | |||||
Operating Segments [Member] | Pepco Holdings LLC [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | (3) | (7) | 12 | 12 | ||||
Revenues | 1,076 | |||||||
Intersegment Eliminations [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Competitive businesses other revenues | (1) | (4) | (2) | (2) | ||||
Revenues | (751) | (779) | (1,537) | (1,655) | ||||
Operating revenues from affiliates | (750) | (776) | (1,534) | (1,650) | ||||
Depreciation, Depletion and Amortization | 0 | 0 | 0 | 0 | ||||
Operating Expenses | (744) | (790) | (1,526) | (1,675) | ||||
Interest Revenue (Expense), Net | 0 | 0 | 0 | 0 | ||||
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | 0 | 0 | 0 | 0 | ||||
Income taxes | 0 | 0 | 0 | 0 | ||||
Net income (loss) | 0 | 0 | 0 | 0 | ||||
Payments to Acquire Property, Plant, and Equipment | 0 | 0 | 0 | 0 | ||||
Assets | (10,299) | (10,299) | (9,800) | |||||
Intersegment Eliminations [Member] | Pepco Holdings LLC [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenues | (98) | (109) | (206) | (222) | ||||
Operating revenues from affiliates | (99) | (109) | (205) | (222) | ||||
Depreciation, Depletion and Amortization | 0 | 0 | 1 | (1) | ||||
Operating Expenses | (101) | (112) | (204) | (223) | ||||
Interest Revenue (Expense), Net | 0 | 0 | 0 | 1 | ||||
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | (108) | (88) | (227) | (157) | ||||
Income taxes | 0 | 0 | (1) | 0 | ||||
Net income (loss) | 3 | 3 | 7 | 7 | ||||
Payments to Acquire Property, Plant, and Equipment | 0 | 0 | 0 | 0 | ||||
Assets | (5,839) | (5,839) | (5,421) | |||||
Exelon Generation Co L L C [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Competitive businesses other revenues | 159 | 151 | 240 | 198 | ||||
Revenues | 4,210 | 4,579 | 9,506 | 10,090 | ||||
Depreciation, Depletion and Amortization | 409 | 466 | 814 | 914 | ||||
Operating Expenses | 4,096 | 4,298 | 9,059 | 9,515 | ||||
Interest Revenue (Expense), Net | 116 | 102 | 227 | 202 | ||||
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | 202 | 209 | 854 | 412 | ||||
Income taxes | 78 | 23 | 301 | 32 | ||||
Net income (loss) | 118 | 181 | 540 | 368 | ||||
Payments to Acquire Property, Plant, and Equipment | 383 | 670 | 890 | 1,298 | ||||
Assets | 48,402 | 48,402 | 47,556 | |||||
Exelon Generation Co L L C [Member] | Intersegment Eliminations [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Operating revenues from affiliates | 252 | 273 | 568 | 672 | ||||
Commonwealth Edison Co [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Competitive businesses other revenues | 0 | 0 | 0 | 0 | ||||
Revenues | 1,351 | 1,398 | 2,759 | 2,910 | ||||
Depreciation, Depletion and Amortization | 257 | 231 | 508 | 459 | ||||
Operating Expenses | 1,040 | 1,111 | 2,174 | 2,335 | ||||
Interest Revenue (Expense), Net | 89 | 85 | 178 | 175 | ||||
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | 232 | 207 | 429 | 417 | ||||
Income taxes | 46 | 43 | 85 | 88 | ||||
Net income (loss) | 186 | 164 | 344 | 329 | ||||
Payments to Acquire Property, Plant, and Equipment | 459 | 495 | 961 | 1,026 | ||||
Assets | 31,889 | 31,889 | 31,213 | |||||
Commonwealth Edison Co [Member] | Intersegment Eliminations [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Operating revenues from affiliates | 5 | 5 | 9 | 19 | ||||
PECO Energy Co [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Competitive businesses other revenues | 0 | 0 | 0 | 0 | ||||
Revenues | 655 | 653 | 1,554 | 1,518 | ||||
Depreciation, Depletion and Amortization | 83 | 74 | 164 | 149 | ||||
Operating Expenses | 510 | 526 | 1,187 | 1,249 | ||||
Interest Revenue (Expense), Net | 33 | 32 | 67 | 64 | ||||
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | 115 | 95 | 307 | 207 | ||||
Income taxes | 13 | (1) | 37 | (3) | ||||
Net income (loss) | 102 | 96 | 270 | 210 | ||||
Payments to Acquire Property, Plant, and Equipment | 225 | 194 | 447 | 411 | ||||
Assets | 11,002 | 11,002 | 10,642 | |||||
PECO Energy Co [Member] | Intersegment Eliminations [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Operating revenues from affiliates | 2 | 2 | 3 | 3 | ||||
Baltimore Gas and Electric Company [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Competitive businesses other revenues | 0 | 0 | 0 | 0 | ||||
Revenues | 649 | 662 | 1,625 | 1,639 | ||||
Depreciation, Depletion and Amortization | 117 | 114 | 252 | 248 | ||||
Operating Expenses | 569 | 578 | 1,325 | 1,378 | ||||
Interest Revenue (Expense), Net | 29 | 25 | 58 | 51 | ||||
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | 56 | 64 | 253 | 220 | ||||
Income taxes | 11 | 13 | 47 | 41 | ||||
Net income (loss) | 45 | 51 | 206 | 179 | ||||
Payments to Acquire Property, Plant, and Equipment | 284 | 210 | 542 | 434 | ||||
Assets | 10,006 | 10,006 | 9,716 | |||||
Baltimore Gas and Electric Company [Member] | Intersegment Eliminations [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Operating revenues from affiliates | 6 | 6 | 12 | 12 | ||||
Pepco Holdings LLC [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Competitive businesses other revenues | 0 | 0 | 0 | 0 | ||||
Revenues | 1,091 | 1,076 | 2,319 | 2,327 | ||||
Depreciation, Depletion and Amortization | 188 | 180 | 369 | 363 | ||||
Operating Expenses | 926 | 923 | 1,981 | 2,048 | ||||
Interest Revenue (Expense), Net | 67 | 65 | 131 | 128 | ||||
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | 112 | 99 | 234 | 173 | ||||
Income taxes | 6 | 15 | 11 | 24 | ||||
Net income (loss) | 106 | 84 | 223 | 149 | ||||
Payments to Acquire Property, Plant, and Equipment | 340 | 371 | 698 | 629 | ||||
Assets | 22,454 | 22,454 | 21,984 | |||||
Pepco Holdings LLC [Member] | Intersegment Eliminations [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Operating revenues from affiliates | 3 | 3 | 7 | 7 | ||||
Potomac Electric Power Company [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenues | 531 | 523 | 1,106 | 1,080 | ||||
Depreciation, Depletion and Amortization | 93 | 92 | 186 | 188 | ||||
Operating Expenses | 438 | 438 | 929 | 939 | ||||
Interest Revenue (Expense), Net | 34 | 32 | 68 | 63 | ||||
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | 66 | 61 | 123 | 94 | ||||
Income taxes | 2 | 7 | 4 | 9 | ||||
Net income (loss) | 64 | 54 | 119 | 85 | ||||
Payments to Acquire Property, Plant, and Equipment | 154 | 160 | 298 | 287 | ||||
Assets | 8,556 | 8,556 | 8,299 | |||||
Potomac Electric Power Company [Member] | Intersegment Eliminations [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Operating revenues from affiliates | 1 | 2 | 3 | 3 | ||||
Delmarva Power and Light Company [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenues | 287 | 289 | 667 | 673 | ||||
Depreciation, Depletion and Amortization | 45 | 43 | 91 | 88 | ||||
Operating Expenses | 243 | 247 | 550 | 582 | ||||
Interest Revenue (Expense), Net | 15 | 14 | 30 | 27 | ||||
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | 34 | 31 | 94 | 69 | ||||
Income taxes | 4 | 5 | 11 | 12 | ||||
Net income (loss) | 30 | 26 | 83 | 57 | ||||
Payments to Acquire Property, Plant, and Equipment | 82 | 101 | 160 | 166 | ||||
Assets | 4,683 | 4,683 | 4,588 | |||||
Delmarva Power and Light Company [Member] | Intersegment Eliminations [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Operating revenues from affiliates | 2 | 2 | 3 | 4 | ||||
Atlantic City Electric Company [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenues | 274 | 265 | 547 | 575 | ||||
Depreciation, Depletion and Amortization | 40 | 36 | 71 | 69 | ||||
Operating Expenses | 246 | 240 | 498 | 526 | ||||
Interest Revenue (Expense), Net | 15 | 16 | 28 | 32 | ||||
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | 14 | 10 | 25 | 18 | ||||
Income taxes | 0 | 2 | 1 | 3 | ||||
Net income (loss) | 14 | 8 | 24 | 15 | ||||
Payments to Acquire Property, Plant, and Equipment | 99 | 107 | 227 | 170 | ||||
Assets | 3,886 | 3,886 | 3,699 | |||||
Atlantic City Electric Company [Member] | Intersegment Eliminations [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Operating revenues from affiliates | 1 | 1 | 1 | 2 | ||||
Corporate and Other [Member] | Corporate, Non-Segment [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Competitive businesses other revenues | 0 | 0 | 0 | 0 | ||||
Revenues | 484 | 487 | 940 | 940 | ||||
Depreciation, Depletion and Amortization | 25 | 23 | 47 | 46 | ||||
Operating Expenses | 484 | 492 | 942 | 936 | ||||
Interest Revenue (Expense), Net | 75 | 64 | 152 | 125 | ||||
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | (73) | (61) | (151) | (114) | ||||
Income taxes | (10) | (27) | (27) | (57) | ||||
Net income (loss) | (63) | (34) | (123) | (56) | ||||
Payments to Acquire Property, Plant, and Equipment | 11 | (13) | 34 | 9 | ||||
Assets | 8,142 | 8,142 | 8,355 | |||||
Corporate and Other [Member] | Corporate, Non-Segment [Member] | Pepco Holdings LLC [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenues | 97 | 108 | 205 | 221 | ||||
Depreciation, Depletion and Amortization | 10 | 9 | 20 | 19 | ||||
Operating Expenses | 100 | 110 | 208 | 224 | ||||
Interest Revenue (Expense), Net | 3 | 3 | 5 | 5 | ||||
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | 106 | 85 | 219 | 149 | ||||
Income taxes | 0 | 1 | (4) | 0 | ||||
Net income (loss) | (5) | (7) | (10) | (15) | ||||
Payments to Acquire Property, Plant, and Equipment | 5 | 3 | 13 | 6 | ||||
Assets | 11,168 | 11,168 | $ 10,819 | |||||
Corporate and Other [Member] | Intersegment Eliminations [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Operating revenues from affiliates | 482 | 487 | 935 | 937 | ||||
Corporate and Other [Member] | Intersegment Eliminations [Member] | Pepco Holdings LLC [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Operating revenues from affiliates | 98 | 107 | 205 | 220 | ||||
Generation Mid Atlantic [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenues | 1,189 | 1,282 | 2,445 | 2,722 | ||||
Generation Mid Atlantic [Member] | PECO Energy Co Affiliate [Member] | Exelon Generation Co L L C [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Operating revenues from affiliates | 35 | 25 | 80 | 61 | ||||
Generation Mid Atlantic [Member] | Baltimore Gas And Electric Company Affiliate [Member] | Exelon Generation Co L L C [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Operating revenues from affiliates | 57 | 63 | 133 | 128 | ||||
Generation Mid Atlantic [Member] | PotomacElectricPowerCompanyAffiliate [Member] | Exelon Generation Co L L C [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Operating revenues from affiliates | 52 | 46 | 122 | 98 | ||||
Generation Mid Atlantic [Member] | DelmarvaPowerandLightCompanyAffiliate [Member] | Exelon Generation Co L L C [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Operating revenues from affiliates | 12 | 30 | 35 | 76 | ||||
Generation Mid Atlantic [Member] | AtlanticCityElectricCompanyAffiliate [Member] | Exelon Generation Co L L C [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Operating revenues from affiliates | 5 | 6 | 13 | 12 | ||||
Generation Mid Atlantic [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenues | 1,183 | 1,278 | 2,446 | 2,712 | ||||
Generation Mid Atlantic [Member] | Intersegment Eliminations [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Operating revenues from affiliates | 6 | 4 | (1) | 10 | ||||
Generation Midwest [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenues | 1,034 | 1,130 | 2,142 | 2,475 | ||||
Generation Midwest [Member] | Commonwealth Edison Co Affiliate [Member] | Exelon Generation Co L L C [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Operating revenues from affiliates | 89 | 103 | 183 | 297 | ||||
Generation Midwest [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenues | 1,042 | 1,135 | 2,156 | 2,479 | ||||
Generation Midwest [Member] | Intersegment Eliminations [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Operating revenues from affiliates | (8) | (5) | (14) | (4) | ||||
Oil and Gas, Purchased [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 333 | 489 | 1,213 | 1,436 | ||||
Oil and Gas, Purchased [Member] | Intersegment Eliminations [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | (1) | (8) | ||||
Oil and Gas, Purchased [Member] | Exelon Generation Co L L C [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 333 | 489 | 1,214 | 1,444 | ||||
Oil and Gas, Purchased [Member] | Commonwealth Edison Co [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 | ||||
Oil and Gas, Purchased [Member] | PECO Energy Co [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 | ||||
Oil and Gas, Purchased [Member] | Baltimore Gas and Electric Company [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 | ||||
Oil and Gas, Purchased [Member] | Pepco Holdings LLC [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 | ||||
Oil and Gas, Purchased [Member] | Corporate and Other [Member] | Corporate, Non-Segment [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 | ||||
Electricity, US Regulated | Pepco Holdings LLC [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 1,067 | 1,052 | 2,205 | 2,202 | ||||
Electricity, US Regulated | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 3,512 | 3,542 | 7,343 | 7,496 | ||||
Electricity, US Regulated | Intersegment Eliminations [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | (8) | (9) | (17) | (27) | ||||
Electricity, US Regulated | Intersegment Eliminations [Member] | Pepco Holdings LLC [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | (3) | (4) | (7) | (8) | ||||
Electricity, US Regulated | Exelon Generation Co L L C [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 | ||||
Electricity, US Regulated | Commonwealth Edison Co [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 1,351 | 1,398 | 2,759 | 2,910 | ||||
Electricity, US Regulated | PECO Energy Co [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 566 | 560 | 1,185 | 1,193 | ||||
Electricity, US Regulated | Baltimore Gas and Electric Company [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 540 | 548 | 1,198 | 1,206 | ||||
Electricity, US Regulated | Pepco Holdings LLC [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 1,063 | 1,045 | 2,218 | 2,214 | ||||
Electricity, US Regulated | Potomac Electric Power Company [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 531 | 523 | 1,106 | 1,080 | ||||
Electricity, US Regulated | Delmarva Power and Light Company [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 261 | 261 | 572 | 567 | ||||
Electricity, US Regulated | Atlantic City Electric Company [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 274 | 265 | 547 | 575 | ||||
Electricity, US Regulated | Corporate and Other [Member] | Corporate, Non-Segment [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 | ||||
Electricity, US Regulated | Corporate and Other [Member] | Corporate, Non-Segment [Member] | Pepco Holdings LLC [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 | ||||
Electricity, Generation [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 3,468 | 3,669 | 7,487 | 7,785 | ||||
Electricity, Generation [Member] | Intersegment Eliminations [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | (250) | (270) | (565) | (663) | ||||
Electricity, Generation [Member] | Exelon Generation Co L L C [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 3,718 | 3,939 | 8,052 | 8,448 | ||||
Electricity, Generation [Member] | Commonwealth Edison Co [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 | ||||
Electricity, Generation [Member] | PECO Energy Co [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 | ||||
Electricity, Generation [Member] | Baltimore Gas and Electric Company [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 | ||||
Electricity, Generation [Member] | Pepco Holdings LLC [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 | ||||
Electricity, Generation [Member] | Corporate and Other [Member] | Corporate, Non-Segment [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 | ||||
Natural Gas, US Regulated | Pepco Holdings LLC [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 24 | 28 | 95 | 106 | ||||
Natural Gas, US Regulated | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 218 | 230 | 883 | 855 | ||||
Natural Gas, US Regulated | Operating Segments [Member] | Pepco Holdings LLC [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenues | 0 | |||||||
Natural Gas, US Regulated | Intersegment Eliminations [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | (4) | (5) | (8) | (9) | ||||
Natural Gas, US Regulated | Intersegment Eliminations [Member] | Pepco Holdings LLC [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 | ||||
Natural Gas, US Regulated | Exelon Generation Co L L C [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 | ||||
Natural Gas, US Regulated | Commonwealth Edison Co [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 | ||||
Natural Gas, US Regulated | PECO Energy Co [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 89 | 93 | 369 | 325 | ||||
Natural Gas, US Regulated | Baltimore Gas and Electric Company [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 109 | 114 | 427 | 433 | ||||
Natural Gas, US Regulated | Pepco Holdings LLC [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 24 | 28 | 95 | 106 | ||||
Natural Gas, US Regulated | Potomac Electric Power Company [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 | ||||
Natural Gas, US Regulated | Delmarva Power and Light Company [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 24 | 28 | 95 | 106 | ||||
Natural Gas, US Regulated | Atlantic City Electric Company [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 | ||||
Natural Gas, US Regulated | Corporate and Other [Member] | Corporate, Non-Segment [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 | ||||
Natural Gas, US Regulated | Corporate and Other [Member] | Corporate, Non-Segment [Member] | Pepco Holdings LLC [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 | ||||
Service, Other [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | (1) | 2 | 1 | ||||
Service, Other [Member] | Intersegment Eliminations [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | (488) | (491) | (944) | (946) | ||||
Service, Other [Member] | Intersegment Eliminations [Member] | Pepco Holdings LLC [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | (95) | (105) | (199) | (214) | ||||
Service, Other [Member] | Exelon Generation Co L L C [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 | ||||
Service, Other [Member] | Commonwealth Edison Co [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 | ||||
Service, Other [Member] | PECO Energy Co [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 | ||||
Service, Other [Member] | Baltimore Gas and Electric Company [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 | ||||
Service, Other [Member] | Pepco Holdings LLC [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 4 | 3 | 6 | 7 | ||||
Service, Other [Member] | Potomac Electric Power Company [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 | ||||
Service, Other [Member] | Delmarva Power and Light Company [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 2 | 0 | 0 | 0 | ||||
Service, Other [Member] | Atlantic City Electric Company [Member] | Operating Segments [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 | ||||
Service, Other [Member] | Corporate and Other [Member] | Corporate, Non-Segment [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | 484 | 487 | 940 | 940 | ||||
Service, Other [Member] | Corporate and Other [Member] | Corporate, Non-Segment [Member] | Pepco Holdings LLC [Member] | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Revenue from Contract with Customer, Including Assessed Tax | $ 97 | $ 108 | $ 205 | $ 221 | ||||
[1] | Exelon’s consolidated assets include $9,526 million and $9,667 million at June 30, 2019 and December 31, 2018 , respectively, of certain VIEs that can only be used to settle the liabilities of the VIE. Exelon’s consolidated liabilities include $3,568 million and $3,548 million at June 30, 2019 and December 31, 2018 , respectively, of certain VIEs for which the VIE creditors do not have recourse to Exelon. See Note 2 — Variable Interest Entities for additional information. | |||||||
[2] | PHI’s consolidated total assets include $23 million and $33 million at June 30, 2019 and December 31, 2018 , respectively, of PHI's consolidated VIE that can only be used to settle the liabilities of the VIE. PHI’s consolidated total liabilities include $55 million and $69 million at June 30, 2019 and December 31, 2018 , respectively, of PHI's consolidated VIE for which the VIE creditors do not have recourse to PHI. See Note 2 — Variable Interest Entities for additional information. | |||||||
[3] | Generation’s consolidated assets include $9,503 million and $9,634 million at June 30, 2019 and December 31, 2018 , respectively, of certain VIEs that can only be used to settle the liabilities of the VIE. Generation’s consolidated liabilities include $3,513 million and $3,480 million at June 30, 2019 and December 31, 2018 , respectively, of certain VIEs for which the VIE creditors do not have recourse to Generation. See Note 2 — Variable Interest Entities for additional information. |
Segment Information - Generatio
Segment Information - Generation Total Revenues (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Segment Reporting Information [Line Items] | ||||
Revenues | $ 7,689 | $ 8,076 | $ 17,166 | $ 17,769 |
Operating revenues from affiliates | 0 | 0 | 0 | 0 |
Generation Mid Atlantic [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 1,189 | 1,282 | 2,445 | 2,722 |
Generation Midwest [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 1,034 | 1,130 | 2,142 | 2,475 |
Generation New York [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 390 | 392 | 782 | 801 |
Generation ERCOT [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 229 | 277 | 441 | 486 |
Generation Other Regions [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 861 | 821 | 2,214 | 1,902 |
Generation Reportable Segments Total [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 3,703 | 3,902 | 8,024 | 8,386 |
Generation Natural Gas [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 348 | 526 | 1,242 | 1,506 |
Generation All Other Segments [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 159 | 151 | 240 | 198 |
Unrealized Gain (Loss) on Securities | 38 | 5 | (102) | 175 |
Generation Total Consolidated Group [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 4,210 | 4,579 | 9,506 | 10,090 |
Operating Segments [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 7,689 | 8,076 | 17,166 | 17,769 |
Operating Segments [Member] | Generation Mid Atlantic [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 1,183 | 1,278 | 2,446 | 2,712 |
Operating Segments [Member] | Generation Midwest [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 1,042 | 1,135 | 2,156 | 2,479 |
Operating Segments [Member] | Generation New York [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 390 | 390 | 782 | 800 |
Operating Segments [Member] | Generation ERCOT [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 225 | 276 | 433 | 484 |
Operating Segments [Member] | Generation Other Regions [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 878 | 860 | 2,235 | 1,973 |
Operating Segments [Member] | Generation Reportable Segments Total [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 3,718 | 3,939 | 8,052 | 8,448 |
Operating Segments [Member] | Generation Natural Gas [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 333 | 489 | 1,214 | 1,444 |
Operating Segments [Member] | Generation All Other Segments [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Unrealized Gain (Loss) on Securities | (74) | 90 | (14) | 102 |
Operating Segments [Member] | Generation Total Consolidated Group [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 4,210 | 4,579 | 9,506 | 10,090 |
Corporate, Non-Segment [Member] | Generation All Other Segments [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 159 | 151 | 240 | 198 |
Intersegment Eliminations [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | (751) | (779) | (1,537) | (1,655) |
Operating revenues from affiliates | (750) | (776) | (1,534) | (1,650) |
Intersegment Eliminations [Member] | Generation Mid Atlantic [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Operating revenues from affiliates | 6 | 4 | (1) | 10 |
Intersegment Eliminations [Member] | Generation Midwest [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Operating revenues from affiliates | (8) | (5) | (14) | (4) |
Intersegment Eliminations [Member] | Generation New York [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Operating revenues from affiliates | 0 | 2 | 0 | 1 |
Intersegment Eliminations [Member] | Generation ERCOT [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Operating revenues from affiliates | 4 | 1 | 8 | 2 |
Intersegment Eliminations [Member] | Generation Other Regions [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Operating revenues from affiliates | (17) | (39) | (21) | (71) |
Intersegment Eliminations [Member] | Generation Reportable Segments Total [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Operating revenues from affiliates | (15) | (37) | (28) | (62) |
Intersegment Eliminations [Member] | Generation Natural Gas [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Operating revenues from affiliates | 15 | 37 | 28 | 62 |
Intersegment Eliminations [Member] | Generation All Other Segments [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Operating revenues from affiliates | 0 | 0 | 0 | 0 |
Intersegment Eliminations [Member] | Generation Total Consolidated Group [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Operating revenues from affiliates | 0 | 0 | 0 | 0 |
Revenue from Contract with Customer [Member] | Operating Segments [Member] | Generation Mid Atlantic [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 1,162 | 1,220 | 2,448 | 2,574 |
Revenue from Contract with Customer [Member] | Operating Segments [Member] | Generation Midwest [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 974 | 1,062 | 2,030 | 2,336 |
Revenue from Contract with Customer [Member] | Operating Segments [Member] | Generation New York [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 373 | 392 | 781 | 831 |
Revenue from Contract with Customer [Member] | Operating Segments [Member] | Generation ERCOT [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 178 | 165 | 307 | 315 |
Revenue from Contract with Customer [Member] | Operating Segments [Member] | Generation Other Regions [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 814 | 761 | 1,976 | 1,696 |
Revenue from Contract with Customer [Member] | Operating Segments [Member] | Generation Reportable Segments Total [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 3,501 | 3,600 | 7,542 | 7,752 |
Revenue from Contract with Customer [Member] | Operating Segments [Member] | Generation Natural Gas [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 177 | 295 | 763 | 816 |
Revenue from Contract with Customer [Member] | Operating Segments [Member] | Generation Total Consolidated Group [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 3,786 | 4,020 | 8,535 | 8,826 |
Revenue from Contract with Customer [Member] | Corporate, Non-Segment [Member] | Generation All Other Segments [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 108 | 125 | 230 | 258 |
Other [Member] | Operating Segments [Member] | Generation Mid Atlantic [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 21 | 58 | (2) | 138 |
Other [Member] | Operating Segments [Member] | Generation Midwest [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 68 | 73 | 126 | 143 |
Other [Member] | Operating Segments [Member] | Generation New York [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 17 | (2) | 1 | (31) |
Other [Member] | Operating Segments [Member] | Generation ERCOT [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 47 | 111 | 126 | 169 |
Other [Member] | Operating Segments [Member] | Generation Other Regions [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 64 | 99 | 259 | 277 |
Other [Member] | Operating Segments [Member] | Generation Reportable Segments Total [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 217 | 339 | 510 | 696 |
Other [Member] | Operating Segments [Member] | Generation Natural Gas [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 156 | 194 | 451 | 628 |
Other [Member] | Operating Segments [Member] | Generation Total Consolidated Group [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 424 | 559 | 971 | 1,264 |
Other [Member] | Corporate, Non-Segment [Member] | Generation All Other Segments [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | $ 51 | $ 26 | $ 10 | $ (60) |
Segment Information - Generat_2
Segment Information - Generation Total Revenues Net of Purchased Power and Fuel Expense (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Generation Mid Atlantic [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenue Net of Purchase Power And Fuel | $ 652 | $ 735 | $ 1,334 | $ 1,586 |
Generation Midwest [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenue Net of Purchase Power And Fuel | 730 | 772 | 1,500 | 1,631 |
Generation New York [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenue Net of Purchase Power And Fuel | 253 | 266 | 519 | 549 |
Generation ERCOT [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenue Net of Purchase Power And Fuel | 79 | 82 | 154 | 118 |
Generation Other Regions [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenue Net of Purchase Power And Fuel | 134 | 186 | 292 | 424 |
Generation Reportable Segments Total [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenue Net of Purchase Power And Fuel | 1,848 | 2,041 | 3,799 | 4,308 |
Generation All Other Segments [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenue Net of Purchase Power And Fuel | 70 | 258 | 210 | 209 |
Unrealized Gain (Loss) on Securities | 38 | 5 | (102) | 175 |
Generation Total Consolidated Group [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenue Net of Purchase Power And Fuel | 1,918 | 2,299 | 4,009 | 4,517 |
Operating Segments [Member] | Generation Mid Atlantic [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenue Net Of Purchase Power And Fuel From External Customers | 644 | 722 | 1,324 | 1,558 |
Operating Segments [Member] | Generation Midwest [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenue Net Of Purchase Power And Fuel From External Customers | 738 | 770 | 1,506 | 1,617 |
Operating Segments [Member] | Generation New York [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenue Net Of Purchase Power And Fuel From External Customers | 250 | 259 | 512 | 541 |
Operating Segments [Member] | Generation ERCOT [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenue Net Of Purchase Power And Fuel From External Customers | 80 | 129 | 178 | 235 |
Operating Segments [Member] | Generation Other Regions [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenue Net Of Purchase Power And Fuel From External Customers | 154 | 229 | 328 | 511 |
Operating Segments [Member] | Generation Reportable Segments Total [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenue Net Of Purchase Power And Fuel From External Customers | 1,866 | 2,109 | 3,848 | 4,462 |
Operating Segments [Member] | Generation All Other Segments [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenue Net Of Purchase Power And Fuel From External Customers | 52 | 190 | 161 | 55 |
Unrealized Gain (Loss) on Securities | (74) | 90 | (14) | 102 |
Nuclear Fuel Amortization | 5 | 20 | 9 | 34 |
Operating Segments [Member] | Generation Total Consolidated Group [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenue Net Of Purchase Power And Fuel From External Customers | 1,918 | 2,299 | 4,009 | 4,517 |
Intersegment Eliminations [Member] | Generation Mid Atlantic [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Intersegment Revenue Net Of Purchase Power And Fuel | 8 | 13 | 10 | 28 |
Intersegment Eliminations [Member] | Generation Midwest [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Intersegment Revenue Net Of Purchase Power And Fuel | (8) | 2 | (6) | 14 |
Intersegment Eliminations [Member] | Generation New York [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Intersegment Revenue Net Of Purchase Power And Fuel | 3 | 7 | 7 | 8 |
Intersegment Eliminations [Member] | Generation ERCOT [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Intersegment Revenue Net Of Purchase Power And Fuel | (1) | (47) | (24) | (117) |
Intersegment Eliminations [Member] | Generation Other Regions [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Intersegment Revenue Net Of Purchase Power And Fuel | (20) | (43) | (36) | (87) |
Intersegment Eliminations [Member] | Generation Reportable Segments Total [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Intersegment Revenue Net Of Purchase Power And Fuel | (18) | (68) | (49) | (154) |
Intersegment Eliminations [Member] | Generation All Other Segments [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Intersegment Revenue Net Of Purchase Power And Fuel | 18 | 68 | 49 | 154 |
Intersegment Eliminations [Member] | Generation Total Consolidated Group [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Intersegment Revenue Net Of Purchase Power And Fuel | $ 0 | $ 0 | $ 0 | $ 0 |
Segment Information - Electric
Segment Information - Electric and Gas Revenue by Customer Class (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Revenue, Major Customer [Line Items] | ||||
Revenue from Related Parties | $ 0 | $ 0 | $ 0 | $ 0 |
Revenues | 7,689 | 8,076 | 17,166 | 17,769 |
Operating Segments [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenues | 7,689 | 8,076 | 17,166 | 17,769 |
Intersegment Eliminations [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Related Parties | (750) | (776) | (1,534) | (1,650) |
Revenues | (751) | (779) | (1,537) | (1,655) |
Commonwealth Edison Co [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Related Parties | 5 | 5 | 9 | 19 |
Revenues | 1,351 | 1,398 | 2,759 | 2,910 |
Commonwealth Edison Co [Member] | Operating Segments [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | (14) | (17) | (42) | (12) |
Revenues | 1,398 | |||
Commonwealth Edison Co [Member] | Regulated Operation [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenues | 1,360 | 1,408 | 2,789 | 2,906 |
Commonwealth Edison Co [Member] | Other Regulated Revenue [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenues | (9) | (10) | (30) | 4 |
PECO Energy Co [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Related Parties | 2 | 2 | 3 | 3 |
Revenues | 655 | 653 | 1,554 | 1,518 |
PECO Energy Co [Member] | Operating Segments [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | (3) | 2 | (6) | 1 |
Revenues | 653 | |||
PECO Energy Co [Member] | Rate-Regulated Electric Revenues [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Related Parties | 1 | 2 | 2 | 3 |
PECO Energy Co [Member] | Rate-Regulated Natural Gas Revenues [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Related Parties | 0 | 0 | 1 | 0 |
PECO Energy Co [Member] | Regulated Operation [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenues | 652 | 646 | 1,553 | 1,510 |
PECO Energy Co [Member] | Other Regulated Revenue [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenues | 3 | 7 | 1 | 8 |
Baltimore Gas and Electric Company [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Related Parties | 6 | 6 | 12 | 12 |
Revenues | 649 | 662 | 1,625 | 1,639 |
Baltimore Gas and Electric Company [Member] | Operating Segments [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 6 | (4) | 17 | (17) |
Revenues | 662 | |||
Baltimore Gas and Electric Company [Member] | Rate-Regulated Electric Revenues [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Related Parties | 2 | 1 | 3 | |
Baltimore Gas and Electric Company [Member] | Rate-Regulated Natural Gas Revenues [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Related Parties | 4 | 4 | 9 | 9 |
Baltimore Gas and Electric Company [Member] | Regulated Operation [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenues | 639 | 663 | 1,599 | 1,648 |
Baltimore Gas and Electric Company [Member] | Other Regulated Revenue [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenues | 10 | (1) | 26 | (9) |
Pepco Holdings LLC [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Related Parties | 3 | 3 | 7 | 7 |
Revenues | 1,091 | 1,076 | 2,319 | 2,327 |
Pepco Holdings LLC [Member] | Operating Segments [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | (3) | (7) | 12 | 12 |
Revenues | 1,076 | |||
Pepco Holdings LLC [Member] | Intersegment Eliminations [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Related Parties | (99) | (109) | (205) | (222) |
Revenues | (98) | (109) | (206) | (222) |
Pepco Holdings LLC [Member] | Rate-Regulated Electric Revenues [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Related Parties | 3 | |||
Pepco Holdings LLC [Member] | Regulated Operation [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenues | 1,091 | 1,079 | 2,302 | 2,310 |
Pepco Holdings LLC [Member] | Other Regulated Revenue [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenues | 0 | (3) | 17 | 17 |
Potomac Electric Power Company [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Related Parties | 1 | 2 | 3 | 3 |
Revenues | 531 | 523 | 1,106 | 1,080 |
Potomac Electric Power Company [Member] | Operating Segments [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | (1) | (10) | 13 | 10 |
Revenues | 523 | |||
Potomac Electric Power Company [Member] | Regulated Operation [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenues | 530 | 531 | 1,089 | 1,067 |
Potomac Electric Power Company [Member] | Other Regulated Revenue [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenues | 1 | (8) | 17 | 13 |
Delmarva Power and Light Company [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Related Parties | 2 | 2 | 3 | 4 |
Revenues | 287 | 289 | 667 | 673 |
Delmarva Power and Light Company [Member] | Operating Segments [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 4 | 1 | 5 |
Revenues | 289 | |||
Delmarva Power and Light Company [Member] | Regulated Operation [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenues | 286 | 283 | 665 | 666 |
Delmarva Power and Light Company [Member] | Other Regulated Revenue [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenues | 1 | 6 | 2 | 7 |
Atlantic City Electric Company [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Related Parties | 1 | 1 | 1 | 2 |
Revenues | 274 | 265 | 547 | 575 |
Atlantic City Electric Company [Member] | Operating Segments [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | (2) | (1) | (1) | (3) |
Revenues | 265 | |||
Atlantic City Electric Company [Member] | Regulated Operation [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenues | 276 | 266 | 548 | 578 |
Atlantic City Electric Company [Member] | Other Regulated Revenue [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenues | (2) | (1) | (1) | (3) |
Electricity, US Regulated | Operating Segments [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 3,512 | 3,542 | 7,343 | 7,496 |
Electricity, US Regulated | Intersegment Eliminations [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | (8) | (9) | (17) | (27) |
Electricity, US Regulated | Commonwealth Edison Co [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 1,360 | 1,410 | 2,792 | 2,903 |
Electricity, US Regulated | Commonwealth Edison Co [Member] | Rate-Regulated Electric Revenues [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 1,360 | 1,408 | 2,789 | 2,906 |
Electricity, US Regulated | Commonwealth Edison Co [Member] | Rate-Regulated Electric Revenues [Member] | Operating Segments [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 5 | 7 | 12 | 16 |
Electricity, US Regulated | Commonwealth Edison Co [Member] | Rate-Regulated Electric Revenues [Member] | Residential [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 647 | 699 | 1,356 | 1,416 |
Electricity, US Regulated | Commonwealth Edison Co [Member] | Rate-Regulated Electric Revenues [Member] | Small Commercial & Industrial [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 349 | 357 | 709 | 741 |
Electricity, US Regulated | Commonwealth Edison Co [Member] | Rate-Regulated Electric Revenues [Member] | Large Commercial & Industrial [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 127 | 127 | 259 | 280 |
Electricity, US Regulated | Commonwealth Edison Co [Member] | Rate-Regulated Electric Revenues [Member] | Public Authorities & Electric Railroads [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 10 | 12 | 23 | 25 |
Electricity, US Regulated | Commonwealth Edison Co [Member] | Rate-Regulated Electric Revenues [Member] | Other [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 227 | 213 | 442 | 444 |
Electricity, US Regulated | PECO Energy Co [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 567 | 556 | 1,188 | 1,189 |
Electricity, US Regulated | PECO Energy Co [Member] | Rate-Regulated Electric Revenues [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 563 | 553 | 1,184 | 1,185 |
Electricity, US Regulated | PECO Energy Co [Member] | Rate-Regulated Electric Revenues [Member] | Operating Segments [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 6 | 5 | 7 | 7 |
Electricity, US Regulated | PECO Energy Co [Member] | Rate-Regulated Electric Revenues [Member] | Residential [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 343 | 338 | 752 | 741 |
Electricity, US Regulated | PECO Energy Co [Member] | Rate-Regulated Electric Revenues [Member] | Small Commercial & Industrial [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 99 | 97 | 195 | 198 |
Electricity, US Regulated | PECO Energy Co [Member] | Rate-Regulated Electric Revenues [Member] | Large Commercial & Industrial [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 52 | 52 | 100 | 110 |
Electricity, US Regulated | PECO Energy Co [Member] | Rate-Regulated Electric Revenues [Member] | Public Authorities & Electric Railroads [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 7 | 6 | 14 | 14 |
Electricity, US Regulated | PECO Energy Co [Member] | Rate-Regulated Electric Revenues [Member] | Other [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 62 | 60 | 123 | 122 |
Electricity, US Regulated | Baltimore Gas and Electric Company [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 540 | 542 | 1,191 | 1,196 |
Electricity, US Regulated | Baltimore Gas and Electric Company [Member] | Rate-Regulated Electric Revenues [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 538 | 541 | 1,188 | 1,193 |
Electricity, US Regulated | Baltimore Gas and Electric Company [Member] | Rate-Regulated Electric Revenues [Member] | Operating Segments [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 3 | 3 | 6 | 6 |
Electricity, US Regulated | Baltimore Gas and Electric Company [Member] | Rate-Regulated Electric Revenues [Member] | Residential [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 282 | 295 | 667 | 688 |
Electricity, US Regulated | Baltimore Gas and Electric Company [Member] | Rate-Regulated Electric Revenues [Member] | Small Commercial & Industrial [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 59 | 60 | 129 | 128 |
Electricity, US Regulated | Baltimore Gas and Electric Company [Member] | Rate-Regulated Electric Revenues [Member] | Large Commercial & Industrial [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 109 | 101 | 219 | 207 |
Electricity, US Regulated | Baltimore Gas and Electric Company [Member] | Rate-Regulated Electric Revenues [Member] | Public Authorities & Electric Railroads [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 6 | 7 | 13 | 14 |
Electricity, US Regulated | Baltimore Gas and Electric Company [Member] | Rate-Regulated Electric Revenues [Member] | Other [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 82 | 78 | 160 | 156 |
Electricity, US Regulated | Pepco Holdings LLC [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 1,067 | 1,052 | 2,205 | 2,202 |
Electricity, US Regulated | Pepco Holdings LLC [Member] | Intersegment Eliminations [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | (3) | (4) | (7) | (8) |
Electricity, US Regulated | Pepco Holdings LLC [Member] | Rate-Regulated Electric Revenues [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 1,067 | 1,051 | 2,207 | 2,204 |
Electricity, US Regulated | Pepco Holdings LLC [Member] | Rate-Regulated Electric Revenues [Member] | Operating Segments [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 3 | 4 | 5 | 5 |
Electricity, US Regulated | Pepco Holdings LLC [Member] | Rate-Regulated Electric Revenues [Member] | Residential [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 494 | 505 | 1,073 | 1,114 |
Electricity, US Regulated | Pepco Holdings LLC [Member] | Rate-Regulated Electric Revenues [Member] | Small Commercial & Industrial [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 120 | 115 | 241 | 230 |
Electricity, US Regulated | Pepco Holdings LLC [Member] | Rate-Regulated Electric Revenues [Member] | Large Commercial & Industrial [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 278 | 282 | 545 | 541 |
Electricity, US Regulated | Pepco Holdings LLC [Member] | Rate-Regulated Electric Revenues [Member] | Public Authorities & Electric Railroads [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 16 | 16 | 31 | 30 |
Electricity, US Regulated | Pepco Holdings LLC [Member] | Rate-Regulated Electric Revenues [Member] | Other [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 159 | 133 | 317 | 289 |
Electricity, US Regulated | Potomac Electric Power Company [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 531 | 531 | 1,090 | 1,067 |
Electricity, US Regulated | Potomac Electric Power Company [Member] | Rate-Regulated Electric Revenues [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 530 | 531 | 1,089 | 1,067 |
Electricity, US Regulated | Potomac Electric Power Company [Member] | Rate-Regulated Electric Revenues [Member] | Operating Segments [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 2 | 2 | 4 | 3 |
Electricity, US Regulated | Potomac Electric Power Company [Member] | Rate-Regulated Electric Revenues [Member] | Residential [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 224 | 228 | 480 | 486 |
Electricity, US Regulated | Potomac Electric Power Company [Member] | Rate-Regulated Electric Revenues [Member] | Small Commercial & Industrial [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 35 | 33 | 73 | 65 |
Electricity, US Regulated | Potomac Electric Power Company [Member] | Rate-Regulated Electric Revenues [Member] | Large Commercial & Industrial [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 207 | 212 | 411 | 402 |
Electricity, US Regulated | Potomac Electric Power Company [Member] | Rate-Regulated Electric Revenues [Member] | Public Authorities & Electric Railroads [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 8 | 9 | 17 | 16 |
Electricity, US Regulated | Potomac Electric Power Company [Member] | Rate-Regulated Electric Revenues [Member] | Other [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 56 | 49 | 108 | 98 |
Electricity, US Regulated | Delmarva Power and Light Company [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 261 | 255 | 568 | 558 |
Electricity, US Regulated | Delmarva Power and Light Company [Member] | Rate-Regulated Electric Revenues [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 262 | 255 | 570 | 560 |
Electricity, US Regulated | Delmarva Power and Light Company [Member] | Rate-Regulated Electric Revenues [Member] | Operating Segments [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 1 | 2 | 1 | 2 |
Electricity, US Regulated | Delmarva Power and Light Company [Member] | Rate-Regulated Electric Revenues [Member] | Residential [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 135 | 142 | 320 | 333 |
Electricity, US Regulated | Delmarva Power and Light Company [Member] | Rate-Regulated Electric Revenues [Member] | Small Commercial & Industrial [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 44 | 44 | 93 | 90 |
Electricity, US Regulated | Delmarva Power and Light Company [Member] | Rate-Regulated Electric Revenues [Member] | Large Commercial & Industrial [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 25 | 25 | 49 | 48 |
Electricity, US Regulated | Delmarva Power and Light Company [Member] | Rate-Regulated Electric Revenues [Member] | Public Authorities & Electric Railroads [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 4 | 3 | 7 | 7 |
Electricity, US Regulated | Delmarva Power and Light Company [Member] | Rate-Regulated Electric Revenues [Member] | Other [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 54 | 41 | 101 | 82 |
Electricity, US Regulated | Atlantic City Electric Company [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 275 | 265 | 547 | 576 |
Electricity, US Regulated | Atlantic City Electric Company [Member] | Rate-Regulated Electric Revenues [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 276 | 266 | 548 | 578 |
Electricity, US Regulated | Atlantic City Electric Company [Member] | Rate-Regulated Electric Revenues [Member] | Operating Segments [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 |
Electricity, US Regulated | Atlantic City Electric Company [Member] | Rate-Regulated Electric Revenues [Member] | Residential [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 135 | 135 | 273 | 295 |
Electricity, US Regulated | Atlantic City Electric Company [Member] | Rate-Regulated Electric Revenues [Member] | Small Commercial & Industrial [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 41 | 38 | 75 | 75 |
Electricity, US Regulated | Atlantic City Electric Company [Member] | Rate-Regulated Electric Revenues [Member] | Large Commercial & Industrial [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 46 | 45 | 85 | 91 |
Electricity, US Regulated | Atlantic City Electric Company [Member] | Rate-Regulated Electric Revenues [Member] | Public Authorities & Electric Railroads [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 4 | 4 | 7 | 7 |
Electricity, US Regulated | Atlantic City Electric Company [Member] | Rate-Regulated Electric Revenues [Member] | Other [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 50 | 44 | 108 | 110 |
Natural Gas, US Regulated | Operating Segments [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 218 | 230 | 883 | 855 |
Natural Gas, US Regulated | Intersegment Eliminations [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | (4) | (5) | (8) | (9) |
Natural Gas, US Regulated | Commonwealth Edison Co [Member] | Rate-Regulated Natural Gas Revenues [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 |
Natural Gas, US Regulated | Commonwealth Edison Co [Member] | Rate-Regulated Natural Gas Revenues [Member] | Operating Segments [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 |
Natural Gas, US Regulated | Commonwealth Edison Co [Member] | Rate-Regulated Natural Gas Revenues [Member] | Residential [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 |
Natural Gas, US Regulated | Commonwealth Edison Co [Member] | Rate-Regulated Natural Gas Revenues [Member] | Small Commercial & Industrial [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 |
Natural Gas, US Regulated | Commonwealth Edison Co [Member] | Rate-Regulated Natural Gas Revenues [Member] | Large Commercial & Industrial [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 |
Natural Gas, US Regulated | Commonwealth Edison Co [Member] | Rate-Regulated Natural Gas Revenues [Member] | Transportation [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 |
Natural Gas, US Regulated | Commonwealth Edison Co [Member] | Rate-Regulated Natural Gas Revenues [Member] | Other [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 |
Natural Gas, US Regulated | PECO Energy Co [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 89 | 93 | 369 | 325 |
Natural Gas, US Regulated | PECO Energy Co [Member] | Rate-Regulated Natural Gas Revenues [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 89 | 93 | 369 | 325 |
Natural Gas, US Regulated | PECO Energy Co [Member] | Rate-Regulated Natural Gas Revenues [Member] | Operating Segments [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 |
Natural Gas, US Regulated | PECO Energy Co [Member] | Rate-Regulated Natural Gas Revenues [Member] | Residential [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 49 | 62 | 247 | 223 |
Natural Gas, US Regulated | PECO Energy Co [Member] | Rate-Regulated Natural Gas Revenues [Member] | Small Commercial & Industrial [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 33 | 25 | 105 | 87 |
Natural Gas, US Regulated | PECO Energy Co [Member] | Rate-Regulated Natural Gas Revenues [Member] | Large Commercial & Industrial [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 1 | 1 |
Natural Gas, US Regulated | PECO Energy Co [Member] | Rate-Regulated Natural Gas Revenues [Member] | Transportation [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 6 | 5 | 13 | 11 |
Natural Gas, US Regulated | PECO Energy Co [Member] | Rate-Regulated Natural Gas Revenues [Member] | Other [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 1 | 1 | 3 | 3 |
Natural Gas, US Regulated | Baltimore Gas and Electric Company [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 97 | 118 | 405 | 448 |
Natural Gas, US Regulated | Baltimore Gas and Electric Company [Member] | Rate-Regulated Natural Gas Revenues [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 101 | 122 | 411 | 455 |
Natural Gas, US Regulated | Baltimore Gas and Electric Company [Member] | Rate-Regulated Natural Gas Revenues [Member] | Operating Segments [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 1 | 0 | 3 | 2 |
Natural Gas, US Regulated | Baltimore Gas and Electric Company [Member] | Rate-Regulated Natural Gas Revenues [Member] | Residential [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 60 | 74 | 279 | 298 |
Natural Gas, US Regulated | Baltimore Gas and Electric Company [Member] | Rate-Regulated Natural Gas Revenues [Member] | Small Commercial & Industrial [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 11 | 13 | 46 | 47 |
Natural Gas, US Regulated | Baltimore Gas and Electric Company [Member] | Rate-Regulated Natural Gas Revenues [Member] | Large Commercial & Industrial [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 23 | 23 | 73 | 70 |
Natural Gas, US Regulated | Baltimore Gas and Electric Company [Member] | Rate-Regulated Natural Gas Revenues [Member] | Transportation [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 |
Natural Gas, US Regulated | Baltimore Gas and Electric Company [Member] | Rate-Regulated Natural Gas Revenues [Member] | Other [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 7 | 12 | 13 | 40 |
Natural Gas, US Regulated | Pepco Holdings LLC [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 24 | 28 | 95 | 106 |
Natural Gas, US Regulated | Pepco Holdings LLC [Member] | Operating Segments [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenues | 0 | |||
Natural Gas, US Regulated | Pepco Holdings LLC [Member] | Intersegment Eliminations [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 |
Natural Gas, US Regulated | Pepco Holdings LLC [Member] | Rate-Regulated Natural Gas Revenues [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 24 | 28 | 95 | 106 |
Natural Gas, US Regulated | Pepco Holdings LLC [Member] | Rate-Regulated Natural Gas Revenues [Member] | Operating Segments [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | |
Natural Gas, US Regulated | Pepco Holdings LLC [Member] | Rate-Regulated Natural Gas Revenues [Member] | Residential [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 11 | 13 | 55 | 60 |
Natural Gas, US Regulated | Pepco Holdings LLC [Member] | Rate-Regulated Natural Gas Revenues [Member] | Small Commercial & Industrial [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 7 | 8 | 26 | 26 |
Natural Gas, US Regulated | Pepco Holdings LLC [Member] | Rate-Regulated Natural Gas Revenues [Member] | Large Commercial & Industrial [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 2 | 1 | 3 | 5 |
Natural Gas, US Regulated | Pepco Holdings LLC [Member] | Rate-Regulated Natural Gas Revenues [Member] | Transportation [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 3 | 4 | 7 | 9 |
Natural Gas, US Regulated | Pepco Holdings LLC [Member] | Rate-Regulated Natural Gas Revenues [Member] | Other [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 1 | 2 | 4 | 6 |
Natural Gas, US Regulated | Potomac Electric Power Company [Member] | Rate-Regulated Natural Gas Revenues [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 |
Natural Gas, US Regulated | Potomac Electric Power Company [Member] | Rate-Regulated Natural Gas Revenues [Member] | Operating Segments [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 |
Natural Gas, US Regulated | Potomac Electric Power Company [Member] | Rate-Regulated Natural Gas Revenues [Member] | Residential [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 |
Natural Gas, US Regulated | Potomac Electric Power Company [Member] | Rate-Regulated Natural Gas Revenues [Member] | Small Commercial & Industrial [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 |
Natural Gas, US Regulated | Potomac Electric Power Company [Member] | Rate-Regulated Natural Gas Revenues [Member] | Large Commercial & Industrial [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 |
Natural Gas, US Regulated | Potomac Electric Power Company [Member] | Rate-Regulated Natural Gas Revenues [Member] | Transportation [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 |
Natural Gas, US Regulated | Potomac Electric Power Company [Member] | Rate-Regulated Natural Gas Revenues [Member] | Other [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 |
Natural Gas, US Regulated | Delmarva Power and Light Company [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 24 | 28 | 95 | 106 |
Natural Gas, US Regulated | Delmarva Power and Light Company [Member] | Rate-Regulated Natural Gas Revenues [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 24 | 28 | 95 | 106 |
Natural Gas, US Regulated | Delmarva Power and Light Company [Member] | Rate-Regulated Natural Gas Revenues [Member] | Operating Segments [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 |
Natural Gas, US Regulated | Delmarva Power and Light Company [Member] | Rate-Regulated Natural Gas Revenues [Member] | Residential [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 11 | 13 | 55 | 60 |
Natural Gas, US Regulated | Delmarva Power and Light Company [Member] | Rate-Regulated Natural Gas Revenues [Member] | Small Commercial & Industrial [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 7 | 8 | 26 | 26 |
Natural Gas, US Regulated | Delmarva Power and Light Company [Member] | Rate-Regulated Natural Gas Revenues [Member] | Large Commercial & Industrial [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 2 | 1 | 3 | 5 |
Natural Gas, US Regulated | Delmarva Power and Light Company [Member] | Rate-Regulated Natural Gas Revenues [Member] | Transportation [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 3 | 4 | 7 | 9 |
Natural Gas, US Regulated | Delmarva Power and Light Company [Member] | Rate-Regulated Natural Gas Revenues [Member] | Other [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 1 | 2 | 4 | 6 |
Natural Gas, US Regulated | Atlantic City Electric Company [Member] | Rate-Regulated Natural Gas Revenues [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 |
Natural Gas, US Regulated | Atlantic City Electric Company [Member] | Rate-Regulated Natural Gas Revenues [Member] | Operating Segments [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 |
Natural Gas, US Regulated | Atlantic City Electric Company [Member] | Rate-Regulated Natural Gas Revenues [Member] | Residential [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 |
Natural Gas, US Regulated | Atlantic City Electric Company [Member] | Rate-Regulated Natural Gas Revenues [Member] | Small Commercial & Industrial [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 |
Natural Gas, US Regulated | Atlantic City Electric Company [Member] | Rate-Regulated Natural Gas Revenues [Member] | Large Commercial & Industrial [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 |
Natural Gas, US Regulated | Atlantic City Electric Company [Member] | Rate-Regulated Natural Gas Revenues [Member] | Transportation [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | 0 | 0 |
Natural Gas, US Regulated | Atlantic City Electric Company [Member] | Rate-Regulated Natural Gas Revenues [Member] | Other [Member] | ||||
Revenue, Major Customer [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | $ 0 | $ 0 | $ 0 | $ 0 |