Cover Page
Cover Page | 6 Months Ended |
Jun. 30, 2024 shares | |
Document Information [Line Items] | |
Document Type | 10-Q |
Document Quarterly Report | true |
Document Period End Date | Jun. 30, 2024 |
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 |
Title of 12(b) Security | Common stock, without par value |
Trading Symbol | EXC |
Security Exchange Name | NASDAQ |
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 | 1,000,498,207 |
Document Fiscal Year Focus | 2024 |
Document Fiscal Period Focus | Q2 |
Current Fiscal Year End Date | --12-31 |
Entity Central Index Key | 0001109357 |
Amendment Flag | false |
Commonwealth Edison Co | |
Document Information [Line Items] | |
Document Type | 10-Q |
Document Quarterly Report | true |
Document Period End Date | Jun. 30, 2024 |
Document Transition Report | false |
Entity File Number | 001-01839 |
Entity Registrant Name | COMMONWEALTH EDISON COMPANY |
Entity Tax Identification Number | 36-0938600 |
Entity Incorporation, State or Country Code | IL |
Entity Address, Address Line One | 10 South Dearborn Street |
Entity Address, City or Town | Chicago |
Entity Address, State or Province | IL |
Entity Address, Postal Zip Code | 60603-2300 |
City Area Code | (312) |
Local Phone Number | 394-4321 |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business | false |
Entity Emerging Growth Company | false |
Entity Shell Company | false |
Entity Common Stock Shares Outstanding | 127,021,416 |
Document Fiscal Year Focus | 2024 |
Document Fiscal Period Focus | Q2 |
Current Fiscal Year End Date | --12-31 |
Entity Central Index Key | 0000022606 |
Amendment Flag | false |
PECO Energy Co | |
Document Information [Line Items] | |
Document Type | 10-Q |
Document Quarterly Report | true |
Document Period End Date | Jun. 30, 2024 |
Document Transition Report | false |
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 |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business | false |
Entity Emerging Growth Company | false |
Entity Shell Company | false |
Entity Common Stock Shares Outstanding | 170,478,507 |
Document Fiscal Year Focus | 2024 |
Document Fiscal Period Focus | Q2 |
Current Fiscal Year End Date | --12-31 |
Entity Central Index Key | 0000078100 |
No Trading Symbol Flag | true |
Amendment Flag | false |
Baltimore Gas and Electric Company | |
Document Information [Line Items] | |
Document Type | 10-Q |
Document Quarterly Report | true |
Document Period End Date | Jun. 30, 2024 |
Document Transition Report | false |
Entity File Number | 001-01910 |
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 Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business | false |
Entity Emerging Growth Company | false |
Entity Shell Company | false |
Entity Common Stock Shares Outstanding | 1,000 |
Document Fiscal Year Focus | 2024 |
Document Fiscal Period Focus | Q2 |
Current Fiscal Year End Date | --12-31 |
Entity Central Index Key | 0000009466 |
Amendment Flag | false |
Pepco Holdings LLC | |
Document Information [Line Items] | |
Document Type | 10-Q |
Document Quarterly Report | true |
Document Period End Date | Jun. 30, 2024 |
Document Transition Report | false |
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 |
Entity Address, State or Province | DC |
Entity Address, Postal Zip Code | 20068-0001 |
City Area Code | (202) |
Local Phone Number | 872-2000 |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business | false |
Entity Emerging Growth Company | false |
Entity Shell Company | false |
Document Fiscal Year Focus | 2024 |
Document Fiscal Period Focus | Q2 |
Current Fiscal Year End Date | --12-31 |
Entity Central Index Key | 0001135971 |
Amendment Flag | false |
Potomac Electric Power Company | |
Document Information [Line Items] | |
Document Type | 10-Q |
Document Quarterly Report | true |
Document Period End Date | Jun. 30, 2024 |
Document Transition Report | false |
Entity File Number | 001-01072 |
Entity Registrant Name | POTOMAC ELECTRIC POWER COMPANY |
Entity Tax Identification Number | 53-0127880 |
Entity Address, Address Line One | 701 Ninth Street, N.W. |
Entity Address, City or Town | Washington |
Entity Address, State or Province | DC |
Entity Address, Postal Zip Code | 20068-0001 |
City Area Code | (202) |
Local Phone Number | 872-2000 |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business | false |
Entity Emerging Growth Company | false |
Entity Shell Company | false |
Entity Common Stock Shares Outstanding | 100 |
Document Fiscal Year Focus | 2024 |
Document Fiscal Period Focus | Q2 |
Current Fiscal Year End Date | --12-31 |
Entity Central Index Key | 0000079732 |
Amendment Flag | false |
Delmarva Power and Light Company | |
Document Information [Line Items] | |
Document Type | 10-Q |
Document Quarterly Report | true |
Document Period End Date | Jun. 30, 2024 |
Document Transition Report | false |
Entity File Number | 001-01405 |
Entity Registrant Name | DELMARVA POWER & LIGHT COMPANY |
Entity Tax Identification Number | 51-0084283 |
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 | 19702-5440 |
City Area Code | (202) |
Local Phone Number | 872-2000 |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business | false |
Entity Emerging Growth Company | false |
Entity Shell Company | false |
Entity Common Stock Shares Outstanding | 1,000 |
Document Fiscal Year Focus | 2024 |
Document Fiscal Period Focus | Q2 |
Current Fiscal Year End Date | --12-31 |
Entity Central Index Key | 0000027879 |
Amendment Flag | false |
Atlantic City Electric Company | |
Document Information [Line Items] | |
Document Type | 10-Q |
Document Quarterly Report | true |
Document Period End Date | Jun. 30, 2024 |
Document Transition Report | false |
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 | 19702-5440 |
City Area Code | (202) |
Local Phone Number | 872-2000 |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business | false |
Entity Emerging Growth Company | false |
Entity Shell Company | false |
Entity Common Stock Shares Outstanding | 8,546,017 |
Document Fiscal Year Focus | 2024 |
Document Fiscal Period Focus | Q2 |
Current Fiscal Year End Date | --12-31 |
Entity Central Index Key | 0000008192 |
Amendment Flag | false |
DISTRICT OF COLUMBIA | Potomac Electric Power Company | |
Document Information [Line Items] | |
Entity Incorporation, State or Country Code | DC |
VIRGINIA | Potomac Electric Power Company | |
Document Information [Line Items] | |
Entity Incorporation, State or Country Code | VA |
VIRGINIA | Delmarva Power and Light Company | |
Document Information [Line Items] | |
Entity Incorporation, State or Country Code | VA |
DELAWARE | Delmarva Power and Light Company | |
Document Information [Line Items] | |
Entity Incorporation, State or Country Code | DE |
Consolidated Statements of Oper
Consolidated Statements of Operations and Comprehensive Income (Unaudited) - Exelon - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | ||
Operating revenues | |||||
Revenues from alternative revenue programs | $ (80) | $ 126 | $ 25 | $ 404 | |
Total operating revenues | 5,361 | 4,818 | 11,403 | 10,380 | |
Operating expenses | |||||
Operating and maintenance | 1,209 | 1,197 | 2,481 | 2,347 | |
Depreciation and amortization | 894 | 866 | 1,773 | 1,727 | |
Taxes other than income taxes | 360 | 324 | 731 | 679 | |
Total operating expenses | 4,455 | 4,114 | 9,386 | 8,571 | |
Gain on sales of assets | 7 | 0 | 9 | 0 | |
Operating income | 913 | 704 | 2,026 | 1,809 | |
Other income and (deductions) | |||||
Interest expense, net | (476) | (421) | (938) | (828) | |
Other, net | 64 | 139 | 139 | 249 | |
Total other income and (deductions) | (419) | (288) | (811) | (591) | |
Income (Loss) before income taxes | 494 | 416 | 1,215 | 1,218 | |
Income taxes | 46 | 73 | 109 | 206 | |
Net income attributable to common shareholders | 448 | 343 | 1,106 | 1,012 | |
Net income | 448 | 343 | 1,106 | 1,012 | |
Other comprehensive income, net of income taxes | |||||
Actuarial losses reclassified to periodic benefit cost | 5 | 3 | 10 | 6 | |
Pension and non-pension postretirement benefit plans valuation adjustments | (2) | (3) | (26) | (13) | |
Unrealized (loss) gain on cash flow hedges | (3) | 9 | 30 | 15 | |
Other comprehensive income | 0 | 9 | 14 | 8 | |
Comprehensive income | $ 448 | $ 352 | $ 1,120 | $ 1,020 | |
Average shares of common stock outstanding: | |||||
Basic average shares of common stock outstanding (in shares) | 1,001 | 995 | 1,001 | 995 | |
Assumed exercise and/or distributions of stock-based awards (in shares) | [1] | 0 | 1 | 0 | 1 |
Diluted average shares of common stock outstanding (in shares) | 1,001 | 996 | 1,001 | 996 | |
Earnings Per Share [Abstract] | |||||
Earnings Per Share, Basic | $ 0.45 | $ 0.34 | $ 1.11 | $ 1.02 | |
Earnings Per Share, Diluted | $ 0.45 | $ 0.34 | $ 1.10 | $ 1.02 | |
Related Party | |||||
Other income and (deductions) | |||||
Interest expense to affiliates | $ (7) | $ (6) | $ (12) | $ (12) | |
Electricity, US Regulated | |||||
Operating revenues | |||||
Electric operating revenues | 5,169 | 4,434 | 10,367 | 8,896 | |
Operating expenses | |||||
Purchased power and/or fuel | 1,938 | 1,669 | 4,134 | 3,402 | |
Natural Gas, US Regulated | |||||
Operating revenues | |||||
Electric operating revenues | 272 | 258 | 1,011 | 1,080 | |
Operating expenses | |||||
Purchased power and/or fuel | $ 54 | $ 58 | $ 267 | $ 416 | |
[1] The dilutive effects of stock-based compensation awards are calculated using the treasury stock method for all periods presented. |
Consolidated Statements of Op_2
Consolidated Statements of Operations and Comprehensive Income (Unaudited) - ComEd - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Operating revenues | ||||
Revenues from alternative revenue programs | $ (80) | $ 126 | $ 25 | $ 404 |
Total operating revenues | 5,361 | 4,818 | 11,403 | 10,380 |
Operating expenses | ||||
Operating and maintenance | 1,209 | 1,197 | 2,481 | 2,347 |
Depreciation and amortization | 894 | 866 | 1,773 | 1,727 |
Taxes other than income taxes | 360 | 324 | 731 | 679 |
Total operating expenses | 4,455 | 4,114 | 9,386 | 8,571 |
Gain on sales of assets | 7 | 0 | 9 | 0 |
Operating income | 913 | 704 | 2,026 | 1,809 |
Other income and (deductions) | ||||
Interest expense, net | (476) | (421) | (938) | (828) |
Other, net | 64 | 139 | 139 | 249 |
Total other income and (deductions) | (419) | (288) | (811) | (591) |
Income before income taxes | 494 | 416 | 1,215 | 1,218 |
Income taxes | 46 | 73 | 109 | 206 |
Net income | 448 | 343 | 1,106 | 1,012 |
Related Party | ||||
Other income and (deductions) | ||||
Interest expense to affiliates | (7) | (6) | (12) | (12) |
Commonwealth Edison Co | ||||
Operating revenues | ||||
Revenues from alternative revenue programs | (43) | 118 | (24) | 270 |
Total operating revenues | 2,079 | 1,901 | 4,174 | 3,568 |
Operating expenses | ||||
Operating and maintenance | 345 | 267 | 663 | 521 |
Depreciation and amortization | 374 | 350 | 737 | 688 |
Taxes other than income taxes | 94 | 88 | 188 | 182 |
Total operating expenses | 1,680 | 1,478 | 3,462 | 2,734 |
Gain on sales of assets | 5 | 0 | 5 | 0 |
Operating income | 404 | 423 | 717 | 834 |
Other income and (deductions) | ||||
Interest expense, net | (120) | (117) | (239) | (230) |
Other, net | 20 | 17 | 41 | 34 |
Total other income and (deductions) | (103) | (103) | (205) | (203) |
Income before income taxes | 301 | 320 | 512 | 631 |
Income taxes | 31 | 71 | 49 | 142 |
Net income | 270 | 249 | 463 | 489 |
Comprehensive income | 270 | 249 | 463 | 489 |
Commonwealth Edison Co | Related Party | ||||
Operating revenues | ||||
Operating revenues from affiliates | 2 | 2 | 4 | 5 |
Operating expenses | ||||
Operating and maintenance from affiliates | 104 | 88 | 204 | 171 |
Other income and (deductions) | ||||
Interest expense to affiliates | (3) | (3) | (7) | (7) |
Electricity, US Regulated | ||||
Operating revenues | ||||
Electric operating revenues | 5,169 | 4,434 | 10,367 | 8,896 |
Operating expenses | ||||
Purchased power and/or fuel | 1,938 | 1,669 | 4,134 | 3,402 |
Electricity, US Regulated | Commonwealth Edison Co | ||||
Operating revenues | ||||
Electric operating revenues | 2,120 | 1,781 | 4,194 | 3,293 |
Operating expenses | ||||
Purchased power and/or fuel | 763 | 685 | 1,670 | 1,172 |
Rate-regulated natural gas revenues | ||||
Operating revenues | ||||
Electric operating revenues | 272 | 258 | 1,011 | 1,080 |
Operating expenses | ||||
Purchased power and/or fuel | $ 54 | $ 58 | $ 267 | $ 416 |
Consolidated Statements of Op_3
Consolidated Statements of Operations and Comprehensive Income (Unaudited) - PECO - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Operating revenues | ||||
Revenues from alternative revenue programs | $ (80) | $ 126 | $ 25 | $ 404 |
Total operating revenues | 5,361 | 4,818 | 11,403 | 10,380 |
Operating expenses | ||||
Operating and maintenance | 1,209 | 1,197 | 2,481 | 2,347 |
Depreciation and amortization | 894 | 866 | 1,773 | 1,727 |
Taxes other than income taxes | 360 | 324 | 731 | 679 |
Total operating expenses | 4,455 | 4,114 | 9,386 | 8,571 |
Gain on sales of assets | 7 | 0 | 9 | 0 |
Operating income | 913 | 704 | 2,026 | 1,809 |
Other income and (deductions) | ||||
Interest expense, net | (476) | (421) | (938) | (828) |
Other, net | 64 | 139 | 139 | 249 |
Total other income and (deductions) | (419) | (288) | (811) | (591) |
Income before income taxes | 494 | 416 | 1,215 | 1,218 |
Income taxes | 46 | 73 | 109 | 206 |
Net income | 448 | 343 | 1,106 | 1,012 |
Related Party | ||||
Other income and (deductions) | ||||
Interest expense to affiliates | (7) | (6) | (12) | (12) |
PECO Energy Co | ||||
Operating revenues | ||||
Revenues from alternative revenue programs | 0 | (5) | (2) | (10) |
Total operating revenues | 891 | 828 | 1,945 | 1,940 |
Operating expenses | ||||
Operating and maintenance | 209 | 186 | 444 | 405 |
Depreciation and amortization | 107 | 99 | 210 | 197 |
Taxes other than income taxes | 52 | 47 | 103 | 97 |
Total operating expenses | 752 | 687 | 1,603 | 1,590 |
Gain on sales of assets | 2 | 0 | 4 | 0 |
Operating income | 141 | 141 | 346 | 350 |
Other income and (deductions) | ||||
Interest expense, net | (54) | (45) | (106) | (90) |
Other, net | 9 | 6 | 18 | 15 |
Total other income and (deductions) | (48) | (42) | (94) | (82) |
Income before income taxes | 93 | 99 | 252 | 268 |
Income taxes | 3 | 2 | 13 | 5 |
Net income | 90 | 97 | 239 | 263 |
Comprehensive income | 90 | 97 | 239 | 263 |
PECO Energy Co | Related Party | ||||
Operating revenues | ||||
Operating revenues from affiliates | 2 | 2 | 4 | 4 |
Operating expenses | ||||
Operating and maintenance from affiliates | 61 | 53 | 119 | 105 |
Other income and (deductions) | ||||
Interest expense to affiliates | (3) | (3) | (6) | (7) |
Electricity, US Regulated | ||||
Operating revenues | ||||
Electric operating revenues | 5,169 | 4,434 | 10,367 | 8,896 |
Operating expenses | ||||
Purchased power and/or fuel | 1,938 | 1,669 | 4,134 | 3,402 |
Electricity, US Regulated | PECO Energy Co | ||||
Operating revenues | ||||
Electric operating revenues | 795 | 723 | 1,576 | 1,521 |
Operating expenses | ||||
Purchased power and/or fuel | 298 | 267 | 604 | 597 |
Natural Gas, US Regulated | ||||
Operating revenues | ||||
Electric operating revenues | 272 | 258 | 1,011 | 1,080 |
Operating expenses | ||||
Purchased power and/or fuel | 54 | 58 | 267 | 416 |
Natural Gas, US Regulated | PECO Energy Co | ||||
Operating revenues | ||||
Electric operating revenues | 94 | 108 | 367 | 425 |
Operating expenses | ||||
Purchased power and/or fuel | $ 25 | $ 35 | $ 123 | $ 189 |
Statements of Operations and Co
Statements of Operations and Comprehensive Income (Unaudited) - BGE - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Operating revenues | ||||
Revenues from alternative revenue programs | $ (80) | $ 126 | $ 25 | $ 404 |
Total operating revenues | 5,361 | 4,818 | 11,403 | 10,380 |
Operating expenses | ||||
Operating and maintenance | 1,209 | 1,197 | 2,481 | 2,347 |
Depreciation and amortization | 894 | 866 | 1,773 | 1,727 |
Taxes other than income taxes | 360 | 324 | 731 | 679 |
Total operating expenses | 4,455 | 4,114 | 9,386 | 8,571 |
Operating income | 913 | 704 | 2,026 | 1,809 |
Other income and (deductions) | ||||
Interest expense, net | (476) | (421) | (938) | (828) |
Other, net | 64 | 139 | 139 | 249 |
Total other income and (deductions) | (419) | (288) | (811) | (591) |
Income before income taxes | 494 | 416 | 1,215 | 1,218 |
Income taxes | 46 | 73 | 109 | 206 |
Net income | 448 | 343 | 1,106 | 1,012 |
Baltimore Gas and Electric Company | ||||
Operating revenues | ||||
Revenues from alternative revenue programs | (23) | 4 | 19 | 70 |
Total operating revenues | 928 | 797 | 2,225 | 2,053 |
Operating expenses | ||||
Operating and maintenance | 188 | 144 | 392 | 311 |
Depreciation and amortization | 162 | 158 | 312 | 325 |
Taxes other than income taxes | 80 | 76 | 169 | 159 |
Total operating expenses | 835 | 704 | 1,802 | 1,667 |
Operating income | 93 | 93 | 423 | 386 |
Other income and (deductions) | ||||
Interest expense, net | (53) | (44) | (103) | (88) |
Other, net | 8 | 5 | 16 | 8 |
Total other income and (deductions) | (45) | (39) | (87) | (80) |
Income before income taxes | 48 | 54 | 336 | 306 |
Income taxes | 4 | 12 | 28 | 65 |
Net income | 44 | 42 | 308 | 241 |
Comprehensive income | 44 | 42 | 308 | 241 |
Baltimore Gas and Electric Company | Related Party | ||||
Operating revenues | ||||
Operating revenues from affiliates | 2 | 2 | 5 | 4 |
Operating expenses | ||||
Operating and maintenance from affiliates | 62 | 54 | 122 | 108 |
Electricity, US Regulated | ||||
Operating revenues | ||||
Electric operating revenues | 5,169 | 4,434 | 10,367 | 8,896 |
Operating expenses | ||||
Purchased power and/or fuel | 1,938 | 1,669 | 4,134 | 3,402 |
Electricity, US Regulated | Baltimore Gas and Electric Company | ||||
Operating revenues | ||||
Electric operating revenues | 799 | 670 | 1,656 | 1,449 |
Operating expenses | ||||
Purchased power and/or fuel | 323 | 261 | 700 | 604 |
Natural Gas, US Regulated | ||||
Operating revenues | ||||
Electric operating revenues | 272 | 258 | 1,011 | 1,080 |
Operating expenses | ||||
Purchased power and/or fuel | 54 | 58 | 267 | 416 |
Natural Gas, US Regulated | Baltimore Gas and Electric Company | ||||
Operating revenues | ||||
Electric operating revenues | 150 | 121 | 545 | 530 |
Operating expenses | ||||
Purchased power and/or fuel | $ 20 | $ 11 | $ 107 | $ 160 |
Consolidated Statements of Op_4
Consolidated Statements of Operations and Comprehensive Income (Unaudited) - PHI - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Operating revenues | ||||
Revenues from alternative revenue programs | $ (80) | $ 126 | $ 25 | $ 404 |
Total operating revenues | 5,361 | 4,818 | 11,403 | 10,380 |
Operating expenses | ||||
Operating and maintenance | 1,209 | 1,197 | 2,481 | 2,347 |
Depreciation and amortization | 894 | 866 | 1,773 | 1,727 |
Taxes other than income taxes | 360 | 324 | 731 | 679 |
Total operating expenses | 4,455 | 4,114 | 9,386 | 8,571 |
Operating income | 913 | 704 | 2,026 | 1,809 |
Other income and (deductions) | ||||
Interest expense, net | (476) | (421) | (938) | (828) |
Other, net | 64 | 139 | 139 | 249 |
Total other income and (deductions) | (419) | (288) | (811) | (591) |
Income before income taxes | 494 | 416 | 1,215 | 1,218 |
Income taxes | 46 | 73 | 109 | 206 |
Net income | 448 | 343 | 1,106 | 1,012 |
Comprehensive income | 448 | 352 | 1,120 | 1,020 |
Pepco Holdings LLC | ||||
Operating revenues | ||||
Revenues from alternative revenue programs | (14) | 9 | 32 | 74 |
Total operating revenues | 1,471 | 1,305 | 3,077 | 2,841 |
Operating expenses | ||||
Operating and maintenance | 231 | 260 | 506 | 527 |
Depreciation and amortization | 235 | 243 | 481 | 484 |
Taxes other than income taxes | 126 | 112 | 254 | 232 |
Total operating expenses | 1,204 | 1,126 | 2,539 | 2,423 |
Operating income | 267 | 179 | 538 | 418 |
Other income and (deductions) | ||||
Interest expense, net | (92) | (81) | (183) | (157) |
Other, net | 29 | 25 | 57 | 51 |
Total other income and (deductions) | (63) | (56) | (126) | (106) |
Income before income taxes | 204 | 123 | 412 | 312 |
Income taxes | 46 | 20 | 86 | 54 |
Net income | 158 | 103 | 326 | 258 |
Comprehensive income | 158 | 103 | 326 | 258 |
Pepco Holdings LLC | Related Party | ||||
Operating revenues | ||||
Operating revenues from affiliates | 2 | 2 | 4 | 4 |
Operating expenses | ||||
Operating and maintenance from affiliates | 50 | 44 | 101 | 86 |
Electricity, US Regulated | ||||
Operating revenues | ||||
Electric operating revenues | 5,169 | 4,434 | 10,367 | 8,896 |
Operating expenses | ||||
Purchased power and/or fuel | 1,938 | 1,669 | 4,134 | 3,402 |
Electricity, US Regulated | Pepco Holdings LLC | ||||
Operating revenues | ||||
Electric operating revenues | 1,455 | 1,265 | 2,941 | 2,637 |
Operating expenses | ||||
Purchased power and/or fuel | 553 | 455 | 1,160 | 1,027 |
Natural Gas, US Regulated | ||||
Operating revenues | ||||
Electric operating revenues | 272 | 258 | 1,011 | 1,080 |
Operating expenses | ||||
Purchased power and/or fuel | 54 | 58 | 267 | 416 |
Natural Gas, US Regulated | Pepco Holdings LLC | ||||
Operating revenues | ||||
Electric operating revenues | 28 | 29 | 100 | 126 |
Operating expenses | ||||
Purchased power and/or fuel | $ 9 | $ 12 | $ 37 | $ 67 |
Statements of Operations and _2
Statements of Operations and Comprehensive Income (Unaudited) - Pepco - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Operating revenues | ||||
Revenues from alternative revenue programs | $ (80) | $ 126 | $ 25 | $ 404 |
Total operating revenues | 5,361 | 4,818 | 11,403 | 10,380 |
Operating expenses | ||||
Operating and maintenance | 1,209 | 1,197 | 2,481 | 2,347 |
Depreciation and amortization | 894 | 866 | 1,773 | 1,727 |
Taxes other than income taxes | 360 | 324 | 731 | 679 |
Total operating expenses | 4,455 | 4,114 | 9,386 | 8,571 |
Gain on sales of assets | 7 | 0 | 9 | 0 |
Operating income | 913 | 704 | 2,026 | 1,809 |
Other income and (deductions) | ||||
Interest expense, net | (476) | (421) | (938) | (828) |
Other, net | 64 | 139 | 139 | 249 |
Total other income and (deductions) | (419) | (288) | (811) | (591) |
Income before income taxes | 494 | 416 | 1,215 | 1,218 |
Income taxes | 46 | 73 | 109 | 206 |
Net income | 448 | 343 | 1,106 | 1,012 |
Related Party | ||||
Other income and (deductions) | ||||
Interest expense to affiliates | (7) | (6) | (12) | (12) |
Potomac Electric Power Company | ||||
Operating revenues | ||||
Revenues from alternative revenue programs | 7 | 7 | 37 | 46 |
Total operating revenues | 700 | 642 | 1,459 | 1,351 |
Operating expenses | ||||
Operating and maintenance | 37 | 82 | 123 | 175 |
Depreciation and amortization | 98 | 109 | 205 | 216 |
Taxes other than income taxes | 100 | 88 | 203 | 183 |
Total operating expenses | 534 | 541 | 1,174 | 1,151 |
Operating income | 166 | 101 | 285 | 200 |
Other income and (deductions) | ||||
Interest expense, net | (46) | (43) | (92) | (81) |
Other, net | 16 | 16 | 32 | 33 |
Total other income and (deductions) | (30) | (27) | (60) | (48) |
Income before income taxes | 136 | 74 | 225 | 152 |
Income taxes | 28 | 10 | 42 | 22 |
Net income | 108 | 64 | 183 | 130 |
Comprehensive income | 108 | 64 | 183 | 130 |
Potomac Electric Power Company | Related Party | ||||
Operating revenues | ||||
Operating revenues from affiliates | 2 | 2 | 3 | 3 |
Operating expenses | ||||
Operating and maintenance from affiliates | 65 | 58 | 129 | 115 |
Electricity, US Regulated | ||||
Operating revenues | ||||
Electric operating revenues | 5,169 | 4,434 | 10,367 | 8,896 |
Operating expenses | ||||
Purchased power and/or fuel | 1,938 | 1,669 | 4,134 | 3,402 |
Electricity, US Regulated | Potomac Electric Power Company | ||||
Operating revenues | ||||
Electric operating revenues | 691 | 633 | 1,419 | 1,302 |
Operating expenses | ||||
Purchased power and/or fuel | 234 | 204 | 514 | 462 |
Natural Gas, US Regulated | ||||
Operating revenues | ||||
Electric operating revenues | 272 | 258 | 1,011 | 1,080 |
Operating expenses | ||||
Purchased power and/or fuel | $ 54 | $ 58 | $ 267 | $ 416 |
Statements of Operations and _3
Statements of Operations and Comprehensive Income (Unaudited) - DPL - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Operating revenues | ||||
Revenues from alternative revenue programs | $ (80) | $ 126 | $ 25 | $ 404 |
Total operating revenues | 5,361 | 4,818 | 11,403 | 10,380 |
Operating expenses | ||||
Operating and maintenance | 1,209 | 1,197 | 2,481 | 2,347 |
Depreciation and amortization | 894 | 866 | 1,773 | 1,727 |
Taxes other than income taxes | 360 | 324 | 731 | 679 |
Total operating expenses | 4,455 | 4,114 | 9,386 | 8,571 |
Operating income | 913 | 704 | 2,026 | 1,809 |
Other income and (deductions) | ||||
Interest expense, net | (476) | (421) | (938) | (828) |
Other, net | 64 | 139 | 139 | 249 |
Total other income and (deductions) | (419) | (288) | (811) | (591) |
Income before income taxes | 494 | 416 | 1,215 | 1,218 |
Income taxes | 46 | 73 | 109 | 206 |
Net income | 448 | 343 | 1,106 | 1,012 |
Delmarva Power and Light Company | ||||
Operating revenues | ||||
Revenues from alternative revenue programs | 0 | 3 | 4 | 12 |
Total operating revenues | 390 | 349 | 880 | 823 |
Operating expenses | ||||
Operating and maintenance | 50 | 45 | 101 | 91 |
Depreciation and amortization | 61 | 60 | 122 | 121 |
Taxes other than income taxes | 19 | 18 | 39 | 37 |
Total operating expenses | 332 | 305 | 723 | 693 |
Operating income | 58 | 44 | 157 | 130 |
Other income and (deductions) | ||||
Interest expense, net | (24) | (18) | (46) | (36) |
Other, net | 8 | 4 | 15 | 8 |
Total other income and (deductions) | (16) | (14) | (31) | (28) |
Income before income taxes | 42 | 30 | 126 | 102 |
Income taxes | 8 | 5 | 25 | 17 |
Net income | 34 | 25 | 101 | 85 |
Comprehensive income | 34 | 25 | 101 | 85 |
Delmarva Power and Light Company | Related Party | ||||
Operating revenues | ||||
Operating revenues from affiliates | 1 | 2 | 3 | 3 |
Operating expenses | ||||
Operating and maintenance from affiliates | 46 | 43 | 91 | 84 |
Electricity, US Regulated | ||||
Operating revenues | ||||
Electric operating revenues | 5,169 | 4,434 | 10,367 | 8,896 |
Operating expenses | ||||
Purchased power and/or fuel | 1,938 | 1,669 | 4,134 | 3,402 |
Electricity, US Regulated | Delmarva Power and Light Company | ||||
Operating revenues | ||||
Electric operating revenues | 361 | 315 | 773 | 682 |
Operating expenses | ||||
Purchased power and/or fuel | 147 | 127 | 333 | 293 |
Natural Gas, US Regulated | ||||
Operating revenues | ||||
Electric operating revenues | 272 | 258 | 1,011 | 1,080 |
Operating expenses | ||||
Purchased power and/or fuel | 54 | 58 | 267 | 416 |
Natural Gas, US Regulated | Delmarva Power and Light Company | ||||
Operating revenues | ||||
Electric operating revenues | 28 | 29 | 100 | 126 |
Operating expenses | ||||
Purchased power and/or fuel | $ 9 | $ 12 | $ 37 | $ 67 |
Consolidated Statements of Op_5
Consolidated Statements of Operations and Comprehensive Income (Unaudited) - ACE - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Operating revenues | ||||
Revenues from alternative revenue programs | $ (80) | $ 126 | $ 25 | $ 404 |
Total operating revenues | 5,361 | 4,818 | 11,403 | 10,380 |
Operating expenses | ||||
Operating and maintenance | 1,209 | 1,197 | 2,481 | 2,347 |
Depreciation and amortization | 894 | 866 | 1,773 | 1,727 |
Taxes other than income taxes | 360 | 324 | 731 | 679 |
Total operating expenses | 4,455 | 4,114 | 9,386 | 8,571 |
Operating income | 913 | 704 | 2,026 | 1,809 |
Other income and (deductions) | ||||
Interest expense, net | (476) | (421) | (938) | (828) |
Other, net | 64 | 139 | 139 | 249 |
Total other income and (deductions) | (419) | (288) | (811) | (591) |
Income before income taxes | 494 | 416 | 1,215 | 1,218 |
Income taxes | 46 | 73 | 109 | 206 |
Net income | 448 | 343 | 1,106 | 1,012 |
Related Party | ||||
Other income and (deductions) | ||||
Interest expense to affiliates | (7) | (6) | (12) | (12) |
Atlantic City Electric Company | ||||
Operating revenues | ||||
Revenues from alternative revenue programs | (21) | (1) | (9) | 16 |
Total operating revenues | 383 | 317 | 740 | 670 |
Operating expenses | ||||
Operating and maintenance | 50 | 48 | 97 | 91 |
Depreciation and amortization | 72 | 68 | 146 | 135 |
Taxes other than income taxes | 2 | 3 | 5 | 4 |
Total operating expenses | 338 | 280 | 641 | 577 |
Operating income | 45 | 37 | 99 | 93 |
Other income and (deductions) | ||||
Interest expense, net | (20) | (17) | (39) | (34) |
Other, net | 4 | 4 | 8 | 9 |
Total other income and (deductions) | (16) | (13) | (31) | (25) |
Income before income taxes | 29 | 24 | 68 | 68 |
Income taxes | 8 | 6 | 18 | 17 |
Net income | 21 | 18 | 50 | 51 |
Comprehensive income | 21 | 18 | 50 | 51 |
Atlantic City Electric Company | Related Party | ||||
Operating revenues | ||||
Operating revenues from affiliates | 1 | 1 | 1 | 1 |
Operating expenses | ||||
Operating and maintenance from affiliates | 42 | 37 | 81 | 74 |
Electricity, US Regulated | ||||
Operating revenues | ||||
Electric operating revenues | 5,169 | 4,434 | 10,367 | 8,896 |
Operating expenses | ||||
Purchased power and/or fuel | 1,938 | 1,669 | 4,134 | 3,402 |
Electricity, US Regulated | Atlantic City Electric Company | ||||
Operating revenues | ||||
Electric operating revenues | 403 | 317 | 748 | 653 |
Operating expenses | ||||
Purchased power and/or fuel | 172 | 124 | 312 | 273 |
Natural Gas, US Regulated | ||||
Operating revenues | ||||
Electric operating revenues | 272 | 258 | 1,011 | 1,080 |
Operating expenses | ||||
Purchased power and/or fuel | $ 54 | $ 58 | $ 267 | $ 416 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - Exelon - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2024 | Jun. 30, 2023 | |
Cash flows from operating activities | ||
Net income | $ 1,106 | $ 1,012 |
Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
Depreciation, amortization, and accretion | 1,774 | 1,727 |
Gain on sales of assets and businesses | (9) | 0 |
Deferred income taxes and amortization of investment tax credits | 72 | 94 |
Net fair value changes related to derivatives | 0 | 4 |
Other non-cash operating activities | 246 | (222) |
Changes in assets and liabilities: | ||
Accounts receivable | (443) | 387 |
Inventories | (25) | 44 |
Accounts payable and accrued expenses | (120) | (734) |
Collateral received (paid), net | 13 | (187) |
Income taxes | (39) | 97 |
Regulatory assets and liabilities, net | 265 | (516) |
Pension and non-pension postretirement benefit contributions | (125) | (85) |
Other assets and liabilities | (261) | 140 |
Net cash flows provided by operating activities | 2,454 | 1,761 |
Cash flows from investing activities | ||
Capital expenditures | (3,466) | (3,685) |
Other investing activities | (1) | 10 |
Net cash flows used in investing activities | (3,467) | (3,675) |
Cash flows from financing activities | ||
Changes in short-term borrowings | (670) | (1,600) |
Proceeds from short-term borrowings with maturities greater than 90 days | 150 | 400 |
Repayments on short-term borrowings with maturities greater than 90 days | (549) | (150) |
Issuance of long-term debt | 4,225 | 5,200 |
Retirement of long-term debt | (903) | (1,209) |
Dividends paid on common stock | (761) | (717) |
Proceeds from employee stock plans | 22 | 19 |
Other financing activities | (67) | (84) |
Net cash flows provided by financing activities | 1,447 | 1,859 |
Increase (decrease) in cash, restricted cash, and cash equivalents | 434 | (55) |
Cash, restricted cash, and cash equivalents at beginning of period | 1,101 | 1,090 |
Cash, restricted cash, and cash equivalents at end of period | 1,535 | 1,035 |
Supplemental cash flow information | ||
Decrease in capital expenditures not paid | $ (74) | $ (164) |
Consolidated Statements of Ca_2
Consolidated Statements of Cash Flows (Unaudited) - ComEd - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2024 | Jun. 30, 2023 | |
Cash flows from operating activities | ||
Net income | $ 1,106 | $ 1,012 |
Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
Depreciation, amortization, and accretion | 1,774 | 1,727 |
Gain on sales of assets and businesses | (9) | 0 |
Deferred income taxes and amortization of investment tax credits | 72 | 94 |
Net fair value changes related to derivatives | 0 | 4 |
Other non-cash operating activities | 246 | (222) |
Changes in assets and liabilities: | ||
Accounts receivable | (443) | 387 |
Inventories | (25) | 44 |
Accounts payable and accrued expenses | (120) | (734) |
Collateral received (paid), net | 13 | (187) |
Income taxes | (39) | 97 |
Regulatory assets and liabilities, net | 265 | (516) |
Pension and non-pension postretirement benefit contributions | (125) | (85) |
Other assets and liabilities | (261) | 140 |
Net cash flows provided by operating activities | 2,454 | 1,761 |
Cash flows from investing activities | ||
Capital expenditures | (3,466) | (3,685) |
Other investing activities | (1) | 10 |
Net cash flows used in investing activities | (3,467) | (3,675) |
Cash flows from financing activities | ||
Changes in short-term borrowings | (670) | (1,600) |
Proceeds from short-term borrowings with maturities greater than 90 days | 150 | 400 |
Repayments on short-term borrowings with maturities greater than 90 days | (549) | (150) |
Issuance of long-term debt | 4,225 | 5,200 |
Retirement of long-term debt | (903) | (1,209) |
Dividends paid on common stock | (761) | (717) |
Other financing activities | (67) | (84) |
Net cash flows provided by financing activities | 1,447 | 1,859 |
Increase in cash, restricted cash, and cash equivalents | 434 | (55) |
Cash, restricted cash, and cash equivalents at beginning of period | 1,101 | 1,090 |
Cash, restricted cash, and cash equivalents at end of period | 1,535 | 1,035 |
Supplemental cash flow information | ||
Increase (decrease) in capital expenditures not paid | (74) | (164) |
Commonwealth Edison Co | ||
Cash flows from operating activities | ||
Net income | 463 | 489 |
Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
Depreciation, amortization, and accretion | 737 | 688 |
Gain (Loss) on Disposition of Property Plant Equipment | (5) | 0 |
Deferred income taxes and amortization of investment tax credits | (8) | 106 |
Other non-cash operating activities | 69 | (260) |
Changes in assets and liabilities: | ||
Accounts receivable | (278) | (30) |
Receivables from and payables to affiliates, net | 3 | (3) |
Inventories | (16) | (43) |
Accounts payable and accrued expenses | (73) | (311) |
Collateral received (paid), net | 12 | 25 |
Income taxes | (108) | 16 |
Regulatory assets and liabilities, net | 446 | (459) |
Pension and non-pension postretirement benefit contributions | (10) | (24) |
Other assets and liabilities | 70 | 110 |
Net cash flows provided by operating activities | 1,302 | 304 |
Cash flows from investing activities | ||
Capital expenditures | (1,111) | (1,262) |
Other investing activities | 11 | 3 |
Net cash flows used in investing activities | (1,100) | (1,259) |
Cash flows from financing activities | ||
Changes in short-term borrowings | (124) | (130) |
Proceeds from short-term borrowings with maturities greater than 90 days | 0 | 400 |
Repayments on short-term borrowings with maturities greater than 90 days | (400) | (150) |
Issuance of long-term debt | 800 | 975 |
Dividends paid on common stock | (388) | (374) |
Contributions from parent | 78 | 372 |
Other financing activities | (11) | (13) |
Net cash flows provided by financing activities | (45) | 1,080 |
Increase in cash, restricted cash, and cash equivalents | 157 | 125 |
Cash, restricted cash, and cash equivalents at beginning of period | 686 | 511 |
Cash, restricted cash, and cash equivalents at end of period | 843 | 636 |
Supplemental cash flow information | ||
Increase (decrease) in capital expenditures not paid | $ (70) | $ (7) |
Consolidated Statements of Ca_3
Consolidated Statements of Cash Flows (Unaudited) - PECO - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2024 | Jun. 30, 2023 | |
Cash flows from operating activities | ||
Net income | $ 1,106 | $ 1,012 |
Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
Depreciation, amortization, and accretion | 1,774 | 1,727 |
Gain (Loss) on Sale of Assets and Asset Impairment Charges | (9) | 0 |
Deferred income taxes and amortization of investment tax credits | 72 | 94 |
Other non-cash operating activities | 246 | (222) |
Changes in assets and liabilities: | ||
Accounts receivable | (443) | 387 |
Inventories | (25) | 44 |
Accounts payable and accrued expenses | (120) | (734) |
Income taxes | (39) | 97 |
Regulatory assets and liabilities, net | 265 | (516) |
Pension and non-pension postretirement benefit contributions | (125) | (85) |
Other assets and liabilities | (261) | 140 |
Net cash flows provided by operating activities | 2,454 | 1,761 |
Cash flows from investing activities | ||
Capital expenditures | (3,466) | (3,685) |
Other investing activities | (1) | 10 |
Net cash flows used in investing activities | (3,467) | (3,675) |
Cash flows from financing activities | ||
Changes in short-term borrowings | (670) | (1,600) |
Issuance of long-term debt | 4,225 | 5,200 |
Retirement of long-term debt | (903) | (1,209) |
Dividends paid on common stock | (761) | (717) |
Other financing activities | (67) | (84) |
Net cash flows provided by financing activities | 1,447 | 1,859 |
Decrease in cash, restricted cash, and cash equivalents | 434 | (55) |
Cash, restricted cash, and cash equivalents at beginning of period | 1,101 | 1,090 |
Cash, restricted cash, and cash equivalents at end of period | 1,535 | 1,035 |
Supplemental cash flow information | ||
Decrease in capital expenditures not paid | (74) | (164) |
PECO Energy Co | ||
Cash flows from operating activities | ||
Net income | 239 | 263 |
Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
Depreciation, amortization, and accretion | 210 | 197 |
Gain (Loss) on Sale of Assets and Asset Impairment Charges | (4) | 0 |
Deferred income taxes and amortization of investment tax credits | (14) | (26) |
Other non-cash operating activities | 37 | 12 |
Changes in assets and liabilities: | ||
Accounts receivable | (83) | 182 |
Receivables from and payables to affiliates, net | 1 | (3) |
Inventories | 13 | 52 |
Accounts payable and accrued expenses | (57) | (167) |
Income taxes | (19) | 56 |
Regulatory assets and liabilities, net | (15) | 14 |
Pension and non-pension postretirement benefit contributions | (3) | (1) |
Other assets and liabilities | (65) | (34) |
Net cash flows provided by operating activities | 240 | 545 |
Cash flows from investing activities | ||
Capital expenditures | (743) | (707) |
Intercompany Money Pool Investments Contributions Exelon | 0 | 225 |
Other investing activities | 5 | 0 |
Net cash flows used in investing activities | (738) | (932) |
Cash flows from financing activities | ||
Changes in short-term borrowings | 95 | (239) |
Issuance of long-term debt | 0 | 575 |
Retirement of long-term debt | 0 | (50) |
Dividends paid on common stock | (200) | (202) |
Contributions from parent | 580 | 330 |
Other financing activities | 0 | (4) |
Net cash flows provided by financing activities | 475 | 410 |
Decrease in cash, restricted cash, and cash equivalents | (23) | 23 |
Cash, restricted cash, and cash equivalents at beginning of period | 51 | 68 |
Cash, restricted cash, and cash equivalents at end of period | 28 | 91 |
Supplemental cash flow information | ||
Decrease in capital expenditures not paid | $ 21 | $ 3 |
Statements of Cash Flows (Unaud
Statements of Cash Flows (Unaudited) - BGE - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2024 | Jun. 30, 2023 | |
Cash flows from operating activities | ||
Net income | $ 1,106 | $ 1,012 |
Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
Depreciation, amortization, and accretion | 1,774 | 1,727 |
Deferred income taxes and amortization of investment tax credits | 72 | 94 |
Other non-cash operating activities | 246 | (222) |
Changes in assets and liabilities: | ||
Accounts receivable | (443) | 387 |
Inventories | (25) | 44 |
Accounts payable and accrued expenses | (120) | (734) |
Collateral received (paid), net | 13 | (187) |
Income taxes | (39) | 97 |
Regulatory assets and liabilities, net | 265 | (516) |
Pension and non-pension postretirement benefit contributions | (125) | (85) |
Other assets and liabilities | (261) | 140 |
Net cash flows provided by operating activities | 2,454 | 1,761 |
Cash flows from investing activities | ||
Capital expenditures | (3,466) | (3,685) |
Other investing activities | (1) | 10 |
Net cash flows used in investing activities | (3,467) | (3,675) |
Cash flows from financing activities | ||
Changes in short-term borrowings | (670) | (1,600) |
Proceeds from short-term borrowings with maturities greater than 90 days | 150 | 400 |
Repayments on short-term borrowings with maturities greater than 90 days | (549) | (150) |
Issuance of long-term debt | 4,225 | 5,200 |
Retirement of long-term debt | (903) | (1,209) |
Dividends paid on common stock | (761) | (717) |
Proceeds from employee stock plans | 22 | 19 |
Other financing activities | (67) | (84) |
Net cash flows provided by financing activities | 1,447 | 1,859 |
Increase in cash, restricted cash, and cash equivalents | 434 | (55) |
Cash, restricted cash, and cash equivalents at beginning of period | 1,101 | 1,090 |
Cash, restricted cash, and cash equivalents at end of period | 1,535 | 1,035 |
Supplemental cash flow information | ||
Increase (decrease) in capital expenditures not paid | (74) | (164) |
Baltimore Gas and Electric Company | ||
Cash flows from operating activities | ||
Net income | 308 | 241 |
Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
Depreciation, amortization, and accretion | 312 | 325 |
Deferred income taxes and amortization of investment tax credits | (4) | 38 |
Other non-cash operating activities | 15 | (36) |
Changes in assets and liabilities: | ||
Accounts receivable | (20) | 185 |
Receivables from and payables to affiliates, net | 3 | (8) |
Inventories | 3 | 51 |
Accounts payable and accrued expenses | 5 | (114) |
Collateral received (paid), net | 0 | (22) |
Income taxes | (43) | 8 |
Regulatory assets and liabilities, net | (32) | (83) |
Pension and non-pension postretirement benefit contributions | (30) | (11) |
Other assets and liabilities | 53 | 37 |
Net cash flows provided by operating activities | 570 | 611 |
Cash flows from investing activities | ||
Capital expenditures | (668) | (656) |
Other investing activities | 9 | 4 |
Net cash flows used in investing activities | (659) | (652) |
Cash flows from financing activities | ||
Changes in short-term borrowings | (336) | (408) |
Issuance of long-term debt | 800 | 700 |
Retirement of long-term debt | 0 | (300) |
Dividends paid on common stock | (184) | (158) |
Contributions from parent | 197 | 237 |
Other financing activities | (8) | (7) |
Net cash flows provided by financing activities | 469 | 64 |
Increase in cash, restricted cash, and cash equivalents | 380 | 23 |
Cash, restricted cash, and cash equivalents at beginning of period | 48 | 67 |
Cash, restricted cash, and cash equivalents at end of period | 428 | 90 |
Supplemental cash flow information | ||
Increase (decrease) in capital expenditures not paid | $ 32 | $ (60) |
Consolidated Statements of Ca_4
Consolidated Statements of Cash Flows (Unaudited) - PHI - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2024 | Jun. 30, 2023 | |
Cash flows from operating activities | ||
Net income | $ 1,106 | $ 1,012 |
Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
Depreciation and amortization | 1,774 | 1,727 |
Deferred income taxes and amortization of investment tax credits | 72 | 94 |
Other non-cash operating activities | 246 | (222) |
Changes in assets and liabilities: | ||
Accounts receivable | (443) | 387 |
Inventories | (25) | 44 |
Accounts payable and accrued expenses | (120) | (734) |
Collateral received (paid), net | 13 | (187) |
Income taxes | (39) | 97 |
Regulatory assets and liabilities, net | 265 | (516) |
Pension and non-pension postretirement benefit contributions | (125) | (85) |
Other assets and liabilities | (261) | 140 |
Net cash flows provided by operating activities | 2,454 | 1,761 |
Cash flows from investing activities | ||
Capital expenditures | (3,466) | (3,685) |
Other investing activities | (1) | 10 |
Net cash flows used in investing activities | (3,467) | (3,675) |
Cash flows from financing activities | ||
Changes in short-term borrowings | (670) | (1,600) |
Issuance of long-term debt | 4,225 | 5,200 |
Retirement of long-term debt | (903) | (1,209) |
Other financing activities | (67) | (84) |
Net cash flows provided by financing activities | 1,447 | 1,859 |
Decrease in cash, restricted cash, and cash equivalents | 434 | (55) |
Cash, restricted cash, and cash equivalents at beginning of period | 1,101 | 1,090 |
Cash, restricted cash, and cash equivalents at end of period | 1,535 | 1,035 |
Supplemental cash flow information | ||
Decrease in capital expenditures not paid | (74) | (164) |
Pepco Holdings LLC | ||
Cash flows from operating activities | ||
Net income | 326 | 258 |
Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
Depreciation and amortization | 481 | 484 |
Deferred income taxes and amortization of investment tax credits | 26 | 26 |
Other non-cash operating activities | 47 | 20 |
Changes in assets and liabilities: | ||
Accounts receivable | (77) | 55 |
Receivables from and payables to affiliates, net | 3 | (8) |
Inventories | (25) | (14) |
Accounts payable and accrued expenses | 90 | (25) |
Collateral received (paid), net | 2 | (191) |
Income taxes | (54) | 6 |
Regulatory assets and liabilities, net | (126) | 8 |
Pension and non-pension postretirement benefit contributions | (75) | (11) |
Other assets and liabilities | (81) | (80) |
Net cash flows provided by operating activities | 537 | 528 |
Cash flows from investing activities | ||
Capital expenditures | (903) | (1,022) |
Other investing activities | 0 | 8 |
Net cash flows used in investing activities | (903) | (1,014) |
Cash flows from financing activities | ||
Changes in short-term borrowings | (394) | (377) |
Issuance of long-term debt | 925 | 450 |
Retirement of long-term debt | (400) | 0 |
Intercompany Money Pool Investments (Borrowings) Exelon | 8 | |
Intercompany Money Pool Investments Contributions Exelon | (8) | |
Distributions to member | (282) | (212) |
Contributions from member | 487 | 405 |
Other financing activities | (25) | (25) |
Net cash flows provided by financing activities | 303 | 249 |
Decrease in cash, restricted cash, and cash equivalents | (63) | (237) |
Cash, restricted cash, and cash equivalents at beginning of period | 204 | 373 |
Cash, restricted cash, and cash equivalents at end of period | 141 | 136 |
Supplemental cash flow information | ||
Decrease in capital expenditures not paid | $ (25) | $ (91) |
Statements of Cash Flows (Una_2
Statements of Cash Flows (Unaudited) - Pepco - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2024 | Jun. 30, 2023 | |
Cash flows from operating activities | ||
Net income | $ 1,106 | $ 1,012 |
Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
Depreciation and amortization | 1,774 | 1,727 |
Deferred income taxes and amortization of investment tax credits | 72 | 94 |
Other non-cash operating activities | 246 | (222) |
Changes in assets and liabilities: | ||
Accounts receivable | (443) | 387 |
Inventories | (25) | 44 |
Accounts payable and accrued expenses | (120) | (734) |
Collateral paid, net | 13 | (187) |
Income taxes | (39) | 97 |
Regulatory assets and liabilities, net | 265 | (516) |
Pension and non-pension postretirement benefit contributions | (125) | (85) |
Other assets and liabilities | (261) | 140 |
Net cash flows provided by operating activities | 2,454 | 1,761 |
Cash flows from investing activities | ||
Capital expenditures | (3,466) | (3,685) |
Other investing activities | (1) | 10 |
Net cash flows used in investing activities | (3,467) | (3,675) |
Cash flows from financing activities | ||
Changes in short-term borrowings | (670) | (1,600) |
Issuance of long-term debt | 4,225 | 5,200 |
Retirement of long-term debt | (903) | (1,209) |
Dividends paid on common stock | (761) | (717) |
Other financing activities | (67) | (84) |
Net cash flows provided by financing activities | 1,447 | 1,859 |
Decrease in cash, restricted cash, and cash equivalents | 434 | (55) |
Cash, restricted cash, and cash equivalents at beginning of period | 1,101 | 1,090 |
Cash, restricted cash, and cash equivalents at end of period | 1,535 | 1,035 |
Supplemental cash flow information | ||
Decrease in capital expenditures not paid | (74) | (164) |
Potomac Electric Power Company | ||
Cash flows from operating activities | ||
Net income | 183 | 130 |
Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
Depreciation and amortization | 205 | 216 |
Deferred income taxes and amortization of investment tax credits | 10 | 12 |
Other non-cash operating activities | (23) | 3 |
Changes in assets and liabilities: | ||
Accounts receivable | (30) | 12 |
Receivables from and payables to affiliates, net | 7 | (2) |
Inventories | (12) | (10) |
Accounts payable and accrued expenses | 47 | (21) |
Collateral paid, net | 0 | (26) |
Income taxes | (45) | (1) |
Regulatory assets and liabilities, net | (48) | (6) |
Pension and non-pension postretirement benefit contributions | (5) | (8) |
Other assets and liabilities | (34) | 7 |
Net cash flows provided by operating activities | 255 | 306 |
Cash flows from investing activities | ||
Capital expenditures | (454) | (483) |
Changes in PHI intercompany money pool | (57) | 0 |
Other investing activities | 0 | 8 |
Net cash flows used in investing activities | (511) | (475) |
Cash flows from financing activities | ||
Changes in short-term borrowings | (132) | (299) |
Issuance of long-term debt | 675 | 250 |
Retirement of long-term debt | (400) | 0 |
Changes in PHI intercompany money pool | 0 | 52 |
Dividends paid on common stock | (153) | (115) |
Contributions from parent | 251 | 243 |
Other financing activities | (17) | (19) |
Net cash flows provided by financing activities | 224 | 112 |
Decrease in cash, restricted cash, and cash equivalents | (32) | (57) |
Cash, restricted cash, and cash equivalents at beginning of period | 72 | 99 |
Cash, restricted cash, and cash equivalents at end of period | 40 | 42 |
Supplemental cash flow information | ||
Decrease in capital expenditures not paid | $ (18) | $ (43) |
Statements of Cash Flows (Una_3
Statements of Cash Flows (Unaudited) - DPL - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2024 | Jun. 30, 2023 | |
Cash flows from operating activities | ||
Net income | $ 1,106 | $ 1,012 |
Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
Depreciation, amortization, and accretion | 1,774 | 1,727 |
Deferred income taxes and amortization of investment tax credits | 72 | 94 |
Other non-cash operating activities | 246 | (222) |
Changes in assets and liabilities: | ||
Accounts receivable | (443) | 387 |
Inventories | (25) | 44 |
Accounts payable and accrued expenses | (120) | (734) |
Collateral received (paid), net | 13 | (187) |
Income taxes | (39) | 97 |
Regulatory assets and liabilities, net | 265 | (516) |
Other assets and liabilities | (261) | 140 |
Net cash flows provided by operating activities | 2,454 | 1,761 |
Cash flows from investing activities | ||
Capital expenditures | (3,466) | (3,685) |
Net cash flows used in investing activities | (3,467) | (3,675) |
Cash flows from financing activities | ||
Changes in short-term borrowings | (670) | (1,600) |
Issuance of long-term debt | 4,225 | 5,200 |
Dividends paid on common stock | (761) | (717) |
Other financing activities | (67) | (84) |
Net cash flows provided by financing activities | 1,447 | 1,859 |
Decrease in cash, restricted cash, and cash equivalents | 434 | (55) |
Cash, restricted cash, and cash equivalents at beginning of period | 1,101 | 1,090 |
Cash, restricted cash, and cash equivalents at end of period | 1,535 | 1,035 |
Supplemental cash flow information | ||
Decrease in capital expenditures not paid | (74) | (164) |
Delmarva Power and Light Company | ||
Cash flows from operating activities | ||
Net income | 101 | 85 |
Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
Depreciation, amortization, and accretion | 122 | 121 |
Deferred income taxes and amortization of investment tax credits | 7 | 3 |
Other non-cash operating activities | 15 | 2 |
Changes in assets and liabilities: | ||
Accounts receivable | 4 | 48 |
Receivables from and payables to affiliates, net | 2 | 1 |
Inventories | (10) | 5 |
Accounts payable and accrued expenses | 38 | (9) |
Collateral received (paid), net | 0 | (121) |
Income taxes | (24) | 11 |
Regulatory assets and liabilities, net | (26) | 25 |
Other assets and liabilities | 21 | 10 |
Net cash flows provided by operating activities | 250 | 181 |
Cash flows from investing activities | ||
Capital expenditures | (268) | (258) |
Changes in PHI intercompany money pool | 125 | 102 |
Net cash flows used in investing activities | (393) | (360) |
Cash flows from financing activities | ||
Changes in short-term borrowings | (63) | (115) |
Issuance of long-term debt | 175 | 125 |
Dividends paid on common stock | (84) | (60) |
Contributions from parent | 154 | 99 |
Other financing activities | (4) | (4) |
Net cash flows provided by financing activities | 178 | 45 |
Decrease in cash, restricted cash, and cash equivalents | 35 | (134) |
Cash, restricted cash, and cash equivalents at beginning of period | 16 | 152 |
Cash, restricted cash, and cash equivalents at end of period | 51 | 18 |
Supplemental cash flow information | ||
Decrease in capital expenditures not paid | $ (2) | $ (3) |
Consolidated Statements of Ca_5
Consolidated Statements of Cash Flows (Unaudited) - ACE - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2024 | Jun. 30, 2023 | |
Cash flows from operating activities | ||
Net income | $ 1,106 | $ 1,012 |
Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
Depreciation, amortization, and accretion | 1,774 | 1,727 |
Deferred income taxes and amortization of investment tax credits | 72 | 94 |
Other non-cash operating activities | 246 | (222) |
Changes in assets and liabilities: | ||
Accounts receivable | (443) | 387 |
Inventories | (25) | 44 |
Accounts payable and accrued expenses | (120) | (734) |
Collateral received (paid), net | 13 | (187) |
Income taxes | (39) | 97 |
Regulatory assets and liabilities, net | 265 | (516) |
Pension and non-pension postretirement benefit contributions | (125) | (85) |
Other assets and liabilities | (261) | 140 |
Net cash flows provided by operating activities | 2,454 | 1,761 |
Cash flows from investing activities | ||
Capital expenditures | (3,466) | (3,685) |
Net cash flows used in investing activities | (3,467) | (3,675) |
Cash flows from financing activities | ||
Changes in short-term borrowings | (670) | (1,600) |
Issuance of long-term debt | 4,225 | 5,200 |
Dividends paid on common stock | (761) | (717) |
Other financing activities | (67) | (84) |
Net cash flows provided by financing activities | 1,447 | 1,859 |
Decrease in cash, restricted cash, and cash equivalents | 434 | (55) |
Cash, restricted cash, and cash equivalents at beginning of period | 1,101 | 1,090 |
Cash, restricted cash, and cash equivalents at end of period | 1,535 | 1,035 |
Supplemental cash flow information | ||
Decrease in capital expenditures not paid | (74) | (164) |
Atlantic City Electric Company | ||
Cash flows from operating activities | ||
Net income | 50 | 51 |
Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
Depreciation, amortization, and accretion | 146 | 135 |
Deferred income taxes and amortization of investment tax credits | 12 | 12 |
Other non-cash operating activities | 30 | (3) |
Changes in assets and liabilities: | ||
Accounts receivable | (50) | (5) |
Receivables from and payables to affiliates, net | (2) | (5) |
Inventories | (3) | (9) |
Accounts payable and accrued expenses | 26 | 15 |
Collateral received (paid), net | 2 | (45) |
Income taxes | (10) | (4) |
Regulatory assets and liabilities, net | (51) | (12) |
Pension and non-pension postretirement benefit contributions | (8) | 0 |
Other assets and liabilities | (60) | (89) |
Net cash flows provided by operating activities | 82 | 41 |
Cash flows from investing activities | ||
Capital expenditures | (180) | (275) |
Net cash flows used in investing activities | (180) | (275) |
Cash flows from financing activities | ||
Changes in short-term borrowings | (199) | 37 |
Issuance of long-term debt | 75 | 75 |
Changes in PHI intercompany money pool | 182 | 50 |
Dividends paid on common stock | (44) | (36) |
Contributions from parent | 81 | 63 |
Other financing activities | (3) | (3) |
Net cash flows provided by financing activities | 92 | 186 |
Decrease in cash, restricted cash, and cash equivalents | (6) | (48) |
Cash, restricted cash, and cash equivalents at beginning of period | 21 | 72 |
Cash, restricted cash, and cash equivalents at end of period | 15 | 24 |
Supplemental cash flow information | ||
Decrease in capital expenditures not paid | $ (5) | $ (44) |
Consolidated Balance Sheets (Un
Consolidated Balance Sheets (Unaudited) - Exelon - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Current assets | ||
Cash and cash equivalents | $ 934 | $ 445 |
Restricted cash and cash equivalents | 530 | 482 |
Accounts receivable | ||
Customer accounts receivable | 3,053 | 2,659 |
Customer allowance for credit losses | (372) | (317) |
Customer accounts receivable, net | 2,681 | 2,342 |
Other accounts receivable | 1,136 | 1,101 |
Other allowance for credit losses | (108) | (82) |
Other accounts receivable, net | 1,028 | 1,019 |
Inventories, net | ||
Fossil fuel | 53 | 94 |
Materials and supplies | 771 | 707 |
Regulatory assets | 1,945 | 2,215 |
Other | 615 | 473 |
Total current assets | 8,557 | 7,777 |
Property, plant and equipment, net | 75,646 | 73,593 |
Deferred debits and other assets | ||
Regulatory assets | 8,703 | 8,698 |
Goodwill | 6,630 | 6,630 |
Receivable related to Regulatory Agreement Units | 3,840 | 3,232 |
Investments | 270 | 251 |
Other | 1,467 | 1,365 |
Total deferred debits and other assets | 20,910 | 20,176 |
Total assets | 105,113 | 101,546 |
Current liabilities | ||
Short-term borrowings | 1,454 | 2,523 |
Long-term debt due within one year | 1,308 | 1,403 |
Accrued expenses | 1,241 | 1,375 |
Customer deposits | 425 | 411 |
Regulatory liabilities | 433 | 389 |
Mark-to-market derivative liabilities | 23 | 74 |
Unamortized energy contract liabilities | 7 | 8 |
Other | 569 | 557 |
Total current liabilities | 8,275 | 9,591 |
Long-term debt | 43,039 | 39,692 |
Long-term debt to financing trusts | 390 | 390 |
Deferred credits and other liabilities | ||
Deferred income taxes and unamortized investment tax credits | 12,358 | 11,956 |
Regulatory liabilities | 10,198 | 9,576 |
Pension obligations | 1,562 | 1,571 |
Non-pension postretirement benefit obligations | 524 | 527 |
Asset retirement obligations | 272 | 267 |
Mark-to-market derivative liabilities | 121 | 106 |
Unamortized energy contract liabilities | 23 | 27 |
Other | 2,199 | 2,088 |
Total deferred credits and other liabilities | 27,257 | 26,118 |
Total liabilities | 78,961 | 75,791 |
Commitments and contingencies | ||
Shareholders’ equity | ||
Common stock | 21,152 | 21,114 |
Treasury stock, at cost | (123) | (123) |
Retained earnings | 5,835 | 5,490 |
Accumulated other comprehensive loss, net | (712) | (726) |
Total shareholders’ equity | 26,152 | 25,755 |
Total liabilities and shareholders’ equity | 105,113 | 101,546 |
Related Party | ||
Current liabilities | ||
Accounts payable | 5 | 5 |
Long-term debt to financing trusts | 390 | 390 |
Nonrelated Party | ||
Current liabilities | ||
Accounts payable | $ 2,810 | $ 2,846 |
Consolidated Balance Sheets - E
Consolidated Balance Sheets - Exelon (Parentheticals) - USD ($) shares in Millions, $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Statement of Financial Position [Abstract] | ||
Accumulated depreciation and amortization | $ 18,160 | $ 17,251 |
Common stock (in dollars) | $ 0 | $ 0 |
Common stock, shares authorized (in shares) | 2,000 | 2,000 |
Common stock, shares outstanding (in shares) | 1,000 | 999 |
Treasury stock, common (in shares) | 2 | 2 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Unaudited) - ComEd - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Current assets | ||
Cash and cash equivalents | $ 934 | $ 445 |
Restricted cash and cash equivalents | 530 | 482 |
Accounts receivable | ||
Customer accounts receivable | 3,053 | 2,659 |
Customer allowance for credit losses | (372) | (317) |
Customer accounts receivable, net | 2,681 | 2,342 |
Other accounts receivable | 1,136 | 1,101 |
Other allowance for credit losses | (108) | (82) |
Other accounts receivable, net | 1,028 | 1,019 |
Inventories, net | ||
Regulatory assets | 1,945 | 2,215 |
Other | 615 | 473 |
Total current assets | 8,557 | 7,777 |
Property, plant and equipment, net | 75,646 | 73,593 |
Deferred debits and other assets | ||
Regulatory assets | 8,703 | 8,698 |
Goodwill | 6,630 | 6,630 |
Receivable related to Regulatory Agreement Units | 3,840 | 3,232 |
Investments | 270 | 251 |
Other | 1,467 | 1,365 |
Total deferred debits and other assets | 20,910 | 20,176 |
Total assets | 105,113 | 101,546 |
Current liabilities | ||
Short-term borrowings | 1,454 | 2,523 |
Long-term debt due within one year | 1,308 | 1,403 |
Accrued expenses | 1,241 | 1,375 |
Customer deposits | 425 | 411 |
Regulatory liabilities | 433 | 389 |
Mark-to-market derivative liabilities | 23 | 74 |
Other | 569 | 557 |
Total current liabilities | 8,275 | 9,591 |
Long-term debt | 43,039 | 39,692 |
Long-term debt to financing trusts | 390 | 390 |
Deferred credits and other liabilities | ||
Deferred income taxes and unamortized investment tax credits | 12,358 | 11,956 |
Regulatory liabilities | 10,198 | 9,576 |
Asset retirement obligations | 272 | 267 |
Non-pension postretirement benefit obligations | 524 | 527 |
Mark-to-market derivative liabilities | 121 | 106 |
Other | 2,199 | 2,088 |
Total deferred credits and other liabilities | 27,257 | 26,118 |
Total liabilities | 78,961 | 75,791 |
Commitments and contingencies | ||
Shareholders’ equity | ||
Common stock | 21,152 | 21,114 |
Retained earnings | 5,835 | 5,490 |
Total shareholders’ equity | 26,152 | 25,755 |
Total liabilities and shareholders’ equity | 105,113 | 101,546 |
Related Party | ||
Current liabilities | ||
Accounts payable | 5 | 5 |
Long-term debt to financing trusts | 390 | 390 |
Nonrelated Party | ||
Current liabilities | ||
Accounts payable | 2,810 | 2,846 |
Commonwealth Edison Co | ||
Current assets | ||
Cash and cash equivalents | 326 | 110 |
Restricted cash and cash equivalents | 446 | 402 |
Accounts receivable | ||
Customer accounts receivable | 1,132 | 860 |
Customer allowance for credit losses | (112) | (69) |
Customer accounts receivable, net | 1,020 | 791 |
Other accounts receivable | 251 | 242 |
Other allowance for credit losses | (29) | (17) |
Other accounts receivable, net | 222 | 225 |
Inventories, net | ||
Inventories, net | 294 | 279 |
Regulatory assets | 1,089 | 1,335 |
Other | 147 | 123 |
Total current assets | 3,548 | 3,268 |
Property, plant and equipment, net | 29,642 | 29,088 |
Deferred debits and other assets | ||
Regulatory assets | 2,701 | 2,794 |
Goodwill | 2,625 | 2,625 |
Receivable related to Regulatory Agreement Units | 3,566 | 2,954 |
Investments | 6 | 6 |
Prepaid pension asset | 1,194 | 1,217 |
Total deferred debits and other assets | 11,058 | 10,471 |
Total assets | 44,248 | 42,827 |
Current liabilities | ||
Short-term borrowings | 78 | 602 |
Long-term debt due within one year | 250 | 250 |
Accrued expenses | 393 | 576 |
Customer deposits | 123 | 118 |
Regulatory liabilities | 241 | 191 |
Mark-to-market derivative liabilities | 23 | 27 |
Total current liabilities | 2,241 | 2,922 |
Long-term debt | 12,026 | 11,236 |
Deferred credits and other liabilities | ||
Deferred income taxes and unamortized investment tax credits | 5,453 | 5,327 |
Regulatory liabilities | 8,245 | 7,493 |
Asset retirement obligations | 152 | 149 |
Non-pension postretirement benefit obligations | 164 | 161 |
Mark-to-market derivative liabilities | 116 | 106 |
Other | 1,129 | 865 |
Total deferred credits and other liabilities | 15,259 | 14,101 |
Total liabilities | 29,732 | 28,464 |
Commitments and contingencies | ||
Shareholders’ equity | ||
Common stock | 1,588 | 1,588 |
Other paid-in capital | 10,479 | 10,401 |
Retained earnings | 2,449 | 2,374 |
Total shareholders’ equity | 14,516 | 14,363 |
Total liabilities and shareholders’ equity | 44,248 | 42,827 |
Commonwealth Edison Co | Related Party | ||
Accounts receivable | ||
Receivables from affiliates | 4 | 3 |
Current liabilities | ||
Accounts payable | 76 | 72 |
Long-term debt to financing trusts | 206 | 205 |
Commonwealth Edison Co | Nonrelated Party | ||
Deferred debits and other assets | ||
Other | 966 | 875 |
Current liabilities | ||
Accounts payable | 806 | 867 |
Other | $ 251 | $ 219 |
Consolidated Balance Sheets - C
Consolidated Balance Sheets - ComEd (Parentheticals) - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Accumulated depreciation and amortization | $ 18,160 | $ 17,251 |
Commonwealth Edison Co | ||
Accumulated depreciation and amortization | $ 7,577 | $ 7,222 |
Consolidated Balance Sheets (_3
Consolidated Balance Sheets (Unaudited) - PECO - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Current assets | ||
Cash and cash equivalents | $ 934 | $ 445 |
Restricted cash and cash equivalents | 530 | 482 |
Accounts receivable | ||
Customer accounts receivable | 3,053 | 2,659 |
Customer allowance for credit losses | (372) | (317) |
Customer accounts receivable, net | 2,681 | 2,342 |
Other accounts receivable | 1,136 | 1,101 |
Other allowance for credit losses | (108) | (82) |
Other accounts receivable, net | 1,028 | 1,019 |
Inventories, net | ||
Fossil fuel | 53 | 94 |
Materials and supplies | 771 | 707 |
Regulatory assets | 1,945 | 2,215 |
Other | 615 | 473 |
Total current assets | 8,557 | 7,777 |
Property, plant and equipment, net | 75,646 | 73,593 |
Deferred debits and other assets | ||
Regulatory assets | 8,703 | 8,698 |
Receivable related to Regulatory Agreement Units | 3,840 | 3,232 |
Investments | 270 | 251 |
Other | 1,467 | 1,365 |
Total deferred debits and other assets | 20,910 | 20,176 |
Total assets | 105,113 | 101,546 |
Current liabilities | ||
Short-term borrowings | 1,454 | 2,523 |
Accrued expenses | 1,241 | 1,375 |
Customer deposits | 425 | 411 |
Regulatory liabilities | 433 | 389 |
Other | 569 | 557 |
Total current liabilities | 8,275 | 9,591 |
Long-term debt | 43,039 | 39,692 |
Long-term debt to financing trusts | 390 | 390 |
Deferred credits and other liabilities | ||
Deferred income taxes and unamortized investment tax credits | 12,358 | 11,956 |
Regulatory liabilities | 10,198 | 9,576 |
Asset retirement obligations | 272 | 267 |
Non-pension postretirement benefit obligations | 524 | 527 |
Other | 2,199 | 2,088 |
Total deferred credits and other liabilities | 27,257 | 26,118 |
Total liabilities | 78,961 | 75,791 |
Commitments and contingencies | ||
Shareholders’ equity | ||
Common stock | 21,152 | 21,114 |
Retained earnings | 5,835 | 5,490 |
Total shareholders’ equity | 26,152 | 25,755 |
Total liabilities and shareholders’ equity | 105,113 | 101,546 |
Related Party | ||
Current liabilities | ||
Accounts payable | 5 | 5 |
Long-term debt to financing trusts | 390 | 390 |
Nonrelated Party | ||
Current liabilities | ||
Accounts payable | 2,810 | 2,846 |
PECO Energy Co | ||
Current assets | ||
Cash and cash equivalents | 19 | 42 |
Restricted cash and cash equivalents | 9 | 9 |
Accounts receivable | ||
Customer accounts receivable | 578 | 527 |
Customer allowance for credit losses | (112) | (95) |
Customer accounts receivable, net | 466 | 432 |
Other accounts receivable | 143 | 117 |
Other allowance for credit losses | (20) | (8) |
Other accounts receivable, net | 123 | 109 |
Inventories, net | ||
Fossil fuel | 27 | 50 |
Materials and supplies | 77 | 67 |
Prepaid utility taxes | 90 | 2 |
Regulatory assets | 115 | 127 |
Other | 93 | 63 |
Total current assets | 1,020 | 903 |
Property, plant and equipment, net | 13,699 | 13,128 |
Deferred debits and other assets | ||
Regulatory assets | 861 | 793 |
Receivable related to Regulatory Agreement Units | 274 | 278 |
Investments | 37 | 35 |
Prepaid pension asset | 433 | 429 |
Total deferred debits and other assets | 1,635 | 1,564 |
Total assets | 16,354 | 15,595 |
Current liabilities | ||
Short-term borrowings | 260 | 165 |
Accrued expenses | 184 | 236 |
Customer deposits | 78 | 79 |
Renewable energy credits, current | 72 | 36 |
Regulatory liabilities | 79 | 92 |
Total current liabilities | 1,268 | 1,182 |
Long-term debt | 5,135 | 5,134 |
Deferred credits and other liabilities | ||
Deferred income taxes and unamortized investment tax credits | 2,367 | 2,321 |
Regulatory liabilities | 311 | 314 |
Asset retirement obligations | 27 | 26 |
Non-pension postretirement benefit obligations | 287 | 286 |
Other | 87 | 79 |
Total deferred credits and other liabilities | 3,079 | 3,026 |
Total liabilities | 9,666 | 9,526 |
Commitments and contingencies | ||
Shareholders’ equity | ||
Common stock | 4,630 | 4,050 |
Retained earnings | 2,058 | 2,019 |
Total shareholders’ equity | 6,688 | 6,069 |
Total liabilities and shareholders’ equity | 16,354 | 15,595 |
PECO Energy Co | Related Party | ||
Accounts receivable | ||
Receivables from affiliates | 1 | 2 |
Current liabilities | ||
Accounts payable | 39 | 39 |
Long-term debt to financing trusts | 184 | 184 |
PECO Energy Co | Nonrelated Party | ||
Deferred debits and other assets | ||
Other | 30 | 29 |
Current liabilities | ||
Accounts payable | 522 | 512 |
Other | $ 34 | $ 23 |
Consolidated Balance Sheets - P
Consolidated Balance Sheets - PECO (Parentheticals) - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Accumulated depreciation and amortization | $ 18,160 | $ 17,251 |
PECO Energy Co | ||
Accumulated depreciation and amortization | $ 4,189 | $ 4,097 |
Balance Sheets (Unaudited) - BG
Balance Sheets (Unaudited) - BGE - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Current assets | ||
Cash and cash equivalents | $ 934 | $ 445 |
Restricted cash and cash equivalents | 530 | 482 |
Accounts receivable | ||
Customer accounts receivable | 3,053 | 2,659 |
Customer allowance for credit losses | (372) | (317) |
Customer accounts receivable, net | 2,681 | 2,342 |
Other accounts receivable | 1,136 | 1,101 |
Other allowance for credit losses | (108) | (82) |
Other accounts receivable, net | 1,028 | 1,019 |
Inventories, net | ||
Fossil fuel | 53 | 94 |
Materials and supplies | 771 | 707 |
Regulatory assets | 1,945 | 2,215 |
Other | 615 | 473 |
Total current assets | 8,557 | 7,777 |
Property, plant and equipment, net | 75,646 | 73,593 |
Deferred debits and other assets | ||
Regulatory assets | 8,703 | 8,698 |
Investments | 270 | 251 |
Other | 1,467 | 1,365 |
Total deferred debits and other assets | 20,910 | 20,176 |
Total assets | 105,113 | 101,546 |
Current liabilities | ||
Short-term borrowings | 1,454 | 2,523 |
Accrued expenses | 1,241 | 1,375 |
Customer deposits | 425 | 411 |
Regulatory liabilities | 433 | 389 |
Other | 569 | 557 |
Total current liabilities | 8,275 | 9,591 |
Long-term debt | 43,039 | 39,692 |
Deferred credits and other liabilities | ||
Deferred income taxes and unamortized investment tax credits | 12,358 | 11,956 |
Regulatory liabilities | 10,198 | 9,576 |
Asset retirement obligations | 272 | 267 |
Non-pension postretirement benefit obligations | 524 | 527 |
Other | 2,199 | 2,088 |
Total deferred credits and other liabilities | 27,257 | 26,118 |
Total liabilities | 78,961 | 75,791 |
Commitments and contingencies | ||
Shareholders’ equity | ||
Common stock | 21,152 | 21,114 |
Retained earnings | 5,835 | 5,490 |
Total shareholders’ equity | 26,152 | 25,755 |
Total liabilities and shareholders’ equity | 105,113 | 101,546 |
Related Party | ||
Current liabilities | ||
Accounts payable | 5 | 5 |
Nonrelated Party | ||
Current liabilities | ||
Accounts payable | 2,810 | 2,846 |
Baltimore Gas and Electric Company | ||
Current assets | ||
Cash and cash equivalents | 428 | 47 |
Restricted cash and cash equivalents | 0 | 1 |
Accounts receivable | ||
Customer accounts receivable | 539 | 527 |
Customer allowance for credit losses | (45) | (46) |
Customer accounts receivable, net | 494 | 481 |
Other accounts receivable | 100 | 106 |
Other allowance for credit losses | (5) | (7) |
Other accounts receivable, net | 95 | 99 |
Inventories, net | ||
Fossil fuel | 22 | 35 |
Materials and supplies | 84 | 74 |
Prepaid utility taxes | 0 | 56 |
Regulatory assets | 208 | 229 |
Other | 20 | 25 |
Total current assets | 1,351 | 1,047 |
Property, plant and equipment, net | 12,544 | 12,102 |
Deferred debits and other assets | ||
Regulatory assets | 751 | 727 |
Investments | 9 | 9 |
Prepaid pension asset | 241 | 248 |
Total deferred debits and other assets | 1,050 | 1,035 |
Total assets | 14,945 | 14,184 |
Current liabilities | ||
Short-term borrowings | 0 | 336 |
Accrued expenses | 144 | 203 |
Customer deposits | 117 | 114 |
Regulatory liabilities | 21 | 27 |
Total current liabilities | 745 | 1,093 |
Long-term debt | 5,394 | 4,602 |
Deferred credits and other liabilities | ||
Deferred income taxes and unamortized investment tax credits | 2,029 | 1,945 |
Regulatory liabilities | 690 | 773 |
Asset retirement obligations | 32 | 32 |
Non-pension postretirement benefit obligations | 152 | 158 |
Other | 92 | 91 |
Total deferred credits and other liabilities | 2,995 | 2,999 |
Total liabilities | 9,134 | 8,694 |
Commitments and contingencies | ||
Shareholders’ equity | ||
Common stock | 3,443 | 3,246 |
Retained earnings | 2,368 | 2,244 |
Total shareholders’ equity | 5,811 | 5,490 |
Total liabilities and shareholders’ equity | 14,945 | 14,184 |
Baltimore Gas and Electric Company | Related Party | ||
Current liabilities | ||
Accounts payable | 37 | 35 |
Baltimore Gas and Electric Company | Nonrelated Party | ||
Deferred debits and other assets | ||
Other | 49 | 51 |
Current liabilities | ||
Accounts payable | 395 | 344 |
Other | $ 31 | $ 34 |
Balance Sheets - BGE (Parenthet
Balance Sheets - BGE (Parentheticals) - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Accumulated depreciation and amortization | $ 18,160 | $ 17,251 |
Baltimore Gas and Electric Company | ||
Accumulated depreciation and amortization | $ 4,905 | $ 4,744 |
Consolidated Balance Sheets (_4
Consolidated Balance Sheets (Unaudited) - PHI - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Current assets | ||
Cash and cash equivalents | $ 934 | $ 445 |
Restricted cash and cash equivalents | 530 | 482 |
Accounts receivable | ||
Customer accounts receivable | 3,053 | 2,659 |
Customer allowance for credit losses | (372) | (317) |
Customer accounts receivable, net | 2,681 | 2,342 |
Other accounts receivable | 1,136 | 1,101 |
Other allowance for credit losses | (108) | (82) |
Other accounts receivable, net | 1,028 | 1,019 |
Inventories, net | ||
Fossil fuel | 53 | 94 |
Materials and supplies | 771 | 707 |
Regulatory assets | 1,945 | 2,215 |
Other | 615 | 473 |
Total current assets | 8,557 | 7,777 |
Property, plant and equipment, net | 75,646 | 73,593 |
Deferred debits and other assets | ||
Regulatory assets | 8,703 | 8,698 |
Goodwill | 6,630 | 6,630 |
Investments | 270 | 251 |
Other | 1,467 | 1,365 |
Total deferred debits and other assets | 20,910 | 20,176 |
Total assets | 105,113 | 101,546 |
Current liabilities | ||
Short-term borrowings | 1,454 | 2,523 |
Long-term debt due within one year | 1,308 | 1,403 |
Accrued expenses | 1,241 | 1,375 |
Customer deposits | 425 | 411 |
Regulatory liabilities | 433 | 389 |
Unamortized energy contract liabilities | 7 | 8 |
Other | 569 | 557 |
Total current liabilities | 8,275 | 9,591 |
Long-term debt | 43,039 | 39,692 |
Deferred credits and other liabilities | ||
Deferred income taxes and unamortized investment tax credits | 12,358 | 11,956 |
Regulatory liabilities | 10,198 | 9,576 |
Asset retirement obligations | 272 | 267 |
Non-pension postretirement benefit obligations | 524 | 527 |
Unamortized energy contract liabilities | 23 | 27 |
Other | 2,199 | 2,088 |
Total deferred credits and other liabilities | 27,257 | 26,118 |
Total liabilities | 78,961 | 75,791 |
Commitments and contingencies | ||
Members' Equity [Abstract] | ||
Retained earnings | 5,835 | 5,490 |
Total liabilities and shareholders’ equity | 105,113 | 101,546 |
Related Party | ||
Current liabilities | ||
Accounts payable | 5 | 5 |
Nonrelated Party | ||
Current liabilities | ||
Accounts payable | 2,810 | 2,846 |
Pepco Holdings LLC | ||
Current assets | ||
Cash and cash equivalents | 119 | 180 |
Restricted cash and cash equivalents | 22 | 24 |
Accounts receivable | ||
Customer accounts receivable | 805 | 745 |
Customer allowance for credit losses | (103) | (107) |
Customer accounts receivable, net | 702 | 638 |
Other accounts receivable | 302 | 310 |
Other allowance for credit losses | (54) | (50) |
Other accounts receivable, net | 248 | 260 |
Inventories, net | ||
Fossil fuel | 5 | 9 |
Materials and supplies | 316 | 287 |
Regulatory assets | 343 | 337 |
Other | 95 | 100 |
Total current assets | 1,853 | 1,838 |
Property, plant and equipment, net | 19,379 | 18,851 |
Deferred debits and other assets | ||
Regulatory assets | 1,620 | 1,587 |
Goodwill | 4,005 | 4,005 |
Investments | 149 | 143 |
Prepaid pension asset | 293 | 268 |
Total deferred debits and other assets | 6,269 | 6,214 |
Total assets | 27,501 | 26,903 |
Current liabilities | ||
Short-term borrowings | 0 | 394 |
Long-term debt due within one year | 244 | 644 |
Accrued expenses | 309 | 338 |
Customer deposits | 107 | 100 |
Regulatory liabilities | 82 | 71 |
Unamortized energy contract liabilities | 6 | 8 |
PPA termination obligation | 20 | 49 |
Total current liabilities | 1,709 | 2,549 |
Long-term debt | 8,904 | 8,004 |
Deferred credits and other liabilities | ||
Deferred income taxes and unamortized investment tax credits | 3,100 | 3,031 |
Regulatory liabilities | 863 | 904 |
Asset retirement obligations | 57 | 55 |
Non-pension postretirement benefit obligations | 36 | 40 |
Unamortized energy contract liabilities | 23 | 27 |
Other | 496 | 511 |
Total deferred credits and other liabilities | 4,575 | 4,568 |
Total liabilities | 15,188 | 15,121 |
Commitments and contingencies | ||
Members' Equity [Abstract] | ||
Membership interest | 12,544 | 12,057 |
Retained earnings | (231) | (275) |
Total members' equity | 12,313 | 11,782 |
Total liabilities and shareholders’ equity | 27,501 | 26,903 |
Pepco Holdings LLC | Related Party | ||
Accounts receivable | ||
Receivables from affiliates | 3 | 3 |
Current liabilities | ||
Accounts payable | 62 | 59 |
Other | 57 | 65 |
Pepco Holdings LLC | Nonrelated Party | ||
Deferred debits and other assets | ||
Other | 202 | 211 |
Current liabilities | ||
Accounts payable | 716 | 683 |
Other | $ 106 | $ 138 |
Consolidated Balance Sheets -_2
Consolidated Balance Sheets - PHI (Parentheticals) - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Accumulated depreciation and amortization | $ 18,160 | $ 17,251 |
Pepco Holdings LLC | ||
Accumulated depreciation and amortization | $ 3,443 | $ 3,175 |
Balance Sheets (Unaudited) - Pe
Balance Sheets (Unaudited) - Pepco - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Current assets | ||
Cash and cash equivalents | $ 934 | $ 445 |
Restricted cash and cash equivalents | 530 | 482 |
Accounts receivable | ||
Customer accounts receivable | 3,053 | 2,659 |
Customer allowance for credit losses | (372) | (317) |
Customer accounts receivable, net | 2,681 | 2,342 |
Other accounts receivable | 1,136 | 1,101 |
Other allowance for credit losses | (108) | (82) |
Other accounts receivable, net | 1,028 | 1,019 |
Inventories, net | ||
Regulatory assets | 1,945 | 2,215 |
Other | 615 | 473 |
Total current assets | 8,557 | 7,777 |
Property, plant and equipment, net | 75,646 | 73,593 |
Deferred debits and other assets | ||
Regulatory assets | 8,703 | 8,698 |
Investments | 270 | 251 |
Other | 1,467 | 1,365 |
Total deferred debits and other assets | 20,910 | 20,176 |
Total assets | 105,113 | 101,546 |
Current liabilities | ||
Short-term borrowings | 1,454 | 2,523 |
Long-term debt due within one year | 1,308 | 1,403 |
Accrued expenses | 1,241 | 1,375 |
Customer deposits | 425 | 411 |
Regulatory liabilities | 433 | 389 |
Other | 569 | 557 |
Total current liabilities | 8,275 | 9,591 |
Long-term debt | 43,039 | 39,692 |
Deferred credits and other liabilities | ||
Deferred income taxes and unamortized investment tax credits | 12,358 | 11,956 |
Regulatory liabilities | 10,198 | 9,576 |
Asset retirement obligations | 272 | 267 |
Other | 2,199 | 2,088 |
Total deferred credits and other liabilities | 27,257 | 26,118 |
Total liabilities | 78,961 | 75,791 |
Commitments and contingencies | ||
Shareholders’ equity | ||
Common stock | 21,152 | 21,114 |
Retained earnings | 5,835 | 5,490 |
Total shareholders’ equity | 26,152 | 25,755 |
Total liabilities and shareholders’ equity | 105,113 | 101,546 |
Related Party | ||
Current liabilities | ||
Accounts payable | 5 | 5 |
Nonrelated Party | ||
Current liabilities | ||
Accounts payable | 2,810 | 2,846 |
Potomac Electric Power Company | ||
Current assets | ||
Cash and cash equivalents | 19 | 48 |
Restricted cash and cash equivalents | 21 | 24 |
Accounts receivable | ||
Customer accounts receivable | 392 | 369 |
Customer allowance for credit losses | (53) | (52) |
Customer accounts receivable, net | 339 | 317 |
Other accounts receivable | 164 | 166 |
Other allowance for credit losses | (34) | (28) |
Other accounts receivable, net | 130 | 138 |
Inventories, net | ||
Inventories, net | 171 | 159 |
Regulatory assets | 151 | 150 |
Other | 17 | 51 |
Total current assets | 905 | 889 |
Property, plant and equipment, net | 9,730 | 9,430 |
Deferred debits and other assets | ||
Regulatory assets | 488 | 450 |
Investments | 130 | 124 |
Prepaid pension asset | 234 | 246 |
Total deferred debits and other assets | 907 | 875 |
Total assets | 11,542 | 11,194 |
Current liabilities | ||
Short-term borrowings | 0 | 132 |
Long-term debt due within one year | 6 | 405 |
Accrued expenses | 174 | 191 |
Customer deposits | 52 | 47 |
Regulatory liabilities | 16 | 15 |
Merger related obligation | 22 | 25 |
Total current liabilities | 655 | 1,229 |
Long-term debt | 4,356 | 3,691 |
Deferred credits and other liabilities | ||
Deferred income taxes and unamortized investment tax credits | 1,468 | 1,431 |
Regulatory liabilities | 354 | 382 |
Asset retirement obligations | 38 | 37 |
Other | 246 | 280 |
Total deferred credits and other liabilities | 2,106 | 2,130 |
Total liabilities | 7,117 | 7,050 |
Commitments and contingencies | ||
Shareholders’ equity | ||
Common stock | 3,326 | 3,075 |
Retained earnings | 1,099 | 1,069 |
Total shareholders’ equity | 4,425 | 4,144 |
Total liabilities and shareholders’ equity | 11,542 | 11,194 |
Potomac Electric Power Company | Related Party | ||
Accounts receivable | ||
Receivables from affiliates | 0 | 2 |
Receivable from PHI intercompany money pool | 57 | 0 |
Current liabilities | ||
Accounts payable | 37 | 32 |
Potomac Electric Power Company | Nonrelated Party | ||
Deferred debits and other assets | ||
Other | 55 | 55 |
Current liabilities | ||
Accounts payable | 309 | 321 |
Other | $ 39 | $ 61 |
Balance Sheets (Unaudited) - _2
Balance Sheets (Unaudited) - Pepco (Parentheticals) - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Accumulated depreciation and amortization | $ 18,160 | $ 17,251 |
Potomac Electric Power Company | ||
Accumulated depreciation and amortization | $ 4,399 | $ 4,284 |
Balance Sheets (Unaudited) - DP
Balance Sheets (Unaudited) - DPL - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Current assets | ||
Cash and cash equivalents | $ 934 | $ 445 |
Restricted cash and cash equivalents | 530 | 482 |
Accounts receivable | ||
Customer accounts receivable | 3,053 | 2,659 |
Customer allowance for credit losses | (372) | (317) |
Customer accounts receivable, net | 2,681 | 2,342 |
Other accounts receivable | 1,136 | 1,101 |
Other allowance for credit losses | (108) | (82) |
Other accounts receivable, net | 1,028 | 1,019 |
Inventories, net | ||
Fossil fuel | 53 | 94 |
Materials and supplies | 771 | 707 |
Regulatory assets | 1,945 | 2,215 |
Other | 615 | 473 |
Total current assets | 8,557 | 7,777 |
Property, plant and equipment, net | 75,646 | 73,593 |
Deferred debits and other assets | ||
Regulatory assets | 8,703 | 8,698 |
Other | 1,467 | 1,365 |
Total deferred debits and other assets | 20,910 | 20,176 |
Total assets | 105,113 | 101,546 |
Current liabilities | ||
Short-term borrowings | 1,454 | 2,523 |
Long-term debt due within one year | 1,308 | 1,403 |
Accrued expenses | 1,241 | 1,375 |
Customer deposits | 425 | 411 |
Regulatory liabilities | 433 | 389 |
Other | 569 | 557 |
Total current liabilities | 8,275 | 9,591 |
Long-term debt | 43,039 | 39,692 |
Deferred credits and other liabilities | ||
Deferred income taxes and unamortized investment tax credits | 12,358 | 11,956 |
Regulatory liabilities | 10,198 | 9,576 |
Asset retirement obligations | 272 | 267 |
Non-pension postretirement benefit obligations | 524 | 527 |
Other | 2,199 | 2,088 |
Total deferred credits and other liabilities | 27,257 | 26,118 |
Total liabilities | 78,961 | 75,791 |
Commitments and contingencies | ||
Shareholders’ equity | ||
Common stock | 21,152 | 21,114 |
Retained earnings | 5,835 | 5,490 |
Total shareholders’ equity | 26,152 | 25,755 |
Total liabilities and shareholders’ equity | 105,113 | 101,546 |
Related Party | ||
Current liabilities | ||
Accounts payable | 5 | 5 |
Nonrelated Party | ||
Current liabilities | ||
Accounts payable | 2,810 | 2,846 |
Delmarva Power and Light Company | ||
Current assets | ||
Cash and cash equivalents | 50 | 16 |
Restricted cash and cash equivalents | 1 | 0 |
Accounts receivable | ||
Customer accounts receivable | 172 | 183 |
Customer allowance for credit losses | (16) | (19) |
Customer accounts receivable, net | 156 | 164 |
Other accounts receivable | 53 | 52 |
Other allowance for credit losses | (7) | (8) |
Other accounts receivable, net | 46 | 44 |
Inventories, net | ||
Fossil fuel | 5 | 9 |
Materials and supplies | 86 | 72 |
Prepaid utility taxes | 0 | 24 |
Regulatory assets | 69 | 54 |
Other | 25 | 14 |
Total current assets | 563 | 398 |
Property, plant and equipment, net | 5,324 | 5,165 |
Deferred debits and other assets | ||
Regulatory assets | 214 | 218 |
Prepaid pension asset | 128 | 135 |
Other | 48 | 50 |
Total deferred debits and other assets | 390 | 403 |
Total assets | 6,277 | 5,966 |
Current liabilities | ||
Short-term borrowings | 0 | 63 |
Long-term debt due within one year | 85 | 84 |
Accrued expenses | 45 | 64 |
Customer deposits | 33 | 31 |
Regulatory liabilities | 60 | 50 |
Total current liabilities | 458 | 497 |
Long-term debt | 2,169 | 1,996 |
Deferred credits and other liabilities | ||
Deferred income taxes and unamortized investment tax credits | 923 | 904 |
Regulatory liabilities | 343 | 365 |
Asset retirement obligations | 13 | 12 |
Non-pension postretirement benefit obligations | 6 | 6 |
Other | 102 | 93 |
Total deferred credits and other liabilities | 1,387 | 1,380 |
Total liabilities | 4,014 | 3,873 |
Commitments and contingencies | ||
Shareholders’ equity | ||
Common stock | 1,609 | 1,455 |
Retained earnings | 654 | 638 |
Total shareholders’ equity | 2,263 | 2,093 |
Total liabilities and shareholders’ equity | 6,277 | 5,966 |
Delmarva Power and Light Company | Related Party | ||
Accounts receivable | ||
Receivables from affiliates | 0 | 1 |
Receivable from PHI intercompany money pool | 125 | 0 |
Current liabilities | ||
Accounts payable | 26 | 25 |
Delmarva Power and Light Company | Nonrelated Party | ||
Current liabilities | ||
Accounts payable | 191 | 159 |
Other | $ 18 | $ 21 |
Balance Sheets - DPL (Parenthet
Balance Sheets - DPL (Parentheticals) - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Accumulated depreciation and amortization | $ 18,160 | $ 17,251 |
Delmarva Power and Light Company | ||
Accumulated depreciation and amortization | $ 2,003 | $ 1,925 |
Consolidated Balance Sheets (_5
Consolidated Balance Sheets (Unaudited) - ACE - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Current assets | ||
Cash and cash equivalents | $ 934 | $ 445 |
Accounts receivable | ||
Customer accounts receivable | 3,053 | 2,659 |
Customer allowance for credit losses | (372) | (317) |
Customer accounts receivable, net | 2,681 | 2,342 |
Other accounts receivable | 1,136 | 1,101 |
Other allowance for credit losses | (108) | (82) |
Other accounts receivable, net | 1,028 | 1,019 |
Inventory, net | ||
Regulatory assets | 1,945 | 2,215 |
Other | 615 | 473 |
Total current assets | 8,557 | 7,777 |
Property, plant and equipment, net | 75,646 | 73,593 |
Deferred debits and other assets | ||
Regulatory assets | 8,703 | 8,698 |
Other | 1,467 | 1,365 |
Total deferred debits and other assets | 20,910 | 20,176 |
Total assets | 105,113 | 101,546 |
Current liabilities | ||
Short-term borrowings | 1,454 | 2,523 |
Long-term debt due within one year | 1,308 | 1,403 |
Accrued expenses | 1,241 | 1,375 |
Customer deposits | 425 | 411 |
Regulatory liabilities | 433 | 389 |
Other | 569 | 557 |
Total current liabilities | 8,275 | 9,591 |
Long-term debt | 43,039 | 39,692 |
Deferred credits and other liabilities | ||
Deferred income taxes and unamortized investment tax credits | 12,358 | 11,956 |
Regulatory liabilities | 10,198 | 9,576 |
Non-pension postretirement benefit obligations | 524 | 527 |
Other | 2,199 | 2,088 |
Total deferred credits and other liabilities | 27,257 | 26,118 |
Total liabilities | 78,961 | 75,791 |
Commitments and contingencies | ||
Shareholders’ equity | ||
Common stock | 21,152 | 21,114 |
Retained earnings | 5,835 | 5,490 |
Total shareholders’ equity | 26,152 | 25,755 |
Total liabilities and shareholders’ equity | 105,113 | 101,546 |
Related Party | ||
Current liabilities | ||
Accounts payable | 5 | 5 |
Nonrelated Party | ||
Current liabilities | ||
Accounts payable | 2,810 | 2,846 |
Atlantic City Electric Company | ||
Current assets | ||
Cash and cash equivalents | 15 | 21 |
Accounts receivable | ||
Customer accounts receivable | 241 | 194 |
Customer allowance for credit losses | (34) | (36) |
Customer accounts receivable, net | 207 | 158 |
Other accounts receivable | 92 | 92 |
Other allowance for credit losses | (13) | (14) |
Other accounts receivable, net | 79 | 78 |
Inventory, net | ||
Inventories, net | 58 | 55 |
Prepaid utility taxes | 41 | 0 |
Regulatory assets | 116 | 125 |
Other | 7 | 5 |
Total current assets | 526 | 445 |
Property, plant and equipment, net | 4,268 | 4,192 |
Deferred debits and other assets | ||
Regulatory assets | 497 | 483 |
Prepaid pension asset | 2 | 3 |
Other | 34 | 34 |
Total deferred debits and other assets | 533 | 520 |
Total assets | 5,327 | 5,157 |
Current liabilities | ||
Short-term borrowings | 0 | 199 |
Long-term debt due within one year | 154 | 154 |
Accrued expenses | 45 | 42 |
Customer deposits | 22 | 23 |
Regulatory liabilities | 6 | 6 |
PPA termination obligation | 20 | 49 |
Total current liabilities | 669 | 702 |
Long-term debt | 1,755 | 1,679 |
Deferred credits and other liabilities | ||
Deferred income taxes and unamortized investment tax credits | 785 | 771 |
Regulatory liabilities | 150 | 140 |
Non-pension postretirement benefit obligations | 2 | 4 |
Other | 67 | 49 |
Total deferred credits and other liabilities | 1,004 | 964 |
Total liabilities | 3,428 | 3,345 |
Commitments and contingencies | ||
Shareholders’ equity | ||
Common stock | 1,911 | 1,830 |
Retained earnings | (12) | (18) |
Total shareholders’ equity | 1,899 | 1,812 |
Total liabilities and shareholders’ equity | 5,327 | 5,157 |
Atlantic City Electric Company | Related Party | ||
Accounts receivable | ||
Receivables from affiliates | 3 | 3 |
Current liabilities | ||
Accounts payable | 24 | 25 |
Other | 182 | 0 |
Atlantic City Electric Company | Nonrelated Party | ||
Current liabilities | ||
Accounts payable | 206 | 192 |
Other | $ 10 | $ 12 |
Consolidated Balance Sheets - A
Consolidated Balance Sheets - ACE (Parentheticals) - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Accumulated depreciation and amortization | $ 18,160 | $ 17,251 |
Atlantic City Electric Company | ||
Accumulated depreciation and amortization | $ 1,728 | $ 1,684 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Shareholders Equity (Unaudited) - Exelon - USD ($) shares in Thousands, $ in Millions | Total | Common Stock | Treasury Stock, Common | Retained Earnings | Accumulated Other Comprehensive Income (Loss) [Member] |
Beginning balance (in shares) at Dec. 31, 2022 | 995,830 | ||||
Beginning balance at Dec. 31, 2022 | $ 24,744 | $ 20,908 | $ (123) | $ 4,597 | $ (638) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | $ 669 | 669 | |||
Long -Term Incentive Plan Activity (shares) | 306 | ||||
Long-Term Incentive Plan Activity | $ 1 | 1 | |||
Employee stock purchase plan issuances (shares) | 266 | ||||
Employee stock purchase plan issuances | $ 12 | 12 | |||
Common stock dividends | (359) | (359) | |||
Other comprehensive income (loss), net of income taxes | $ (1) | (1) | |||
Ending balance (in shares) at Mar. 31, 2023 | 996,402 | ||||
Ending balance at Mar. 31, 2023 | $ 25,066 | 20,921 | (123) | 4,907 | (639) |
Beginning balance (in shares) at Dec. 31, 2022 | 995,830 | ||||
Beginning balance at Dec. 31, 2022 | $ 24,744 | 20,908 | (123) | 4,597 | (638) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 1,012 | ||||
Other comprehensive income (loss), net of income taxes | $ 8 | 8 | |||
Ending balance (in shares) at Jun. 30, 2023 | 997,052 | ||||
Ending balance at Jun. 30, 2023 | $ 25,079 | 20,941 | (123) | 4,891 | (630) |
Beginning balance (in shares) at Mar. 31, 2023 | 996,402 | ||||
Beginning balance at Mar. 31, 2023 | $ 25,066 | 20,921 | (123) | 4,907 | (639) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | $ 343 | 343 | |||
Long -Term Incentive Plan Activity (shares) | 372 | ||||
Long-Term Incentive Plan Activity | $ 9 | 9 | |||
Employee stock purchase plan issuances (shares) | 278 | ||||
Employee stock purchase plan issuances | $ 11 | 11 | |||
Common stock dividends | (359) | (359) | |||
Other comprehensive income (loss), net of income taxes | $ 9 | 9 | |||
Ending balance (in shares) at Jun. 30, 2023 | 997,052 | ||||
Ending balance at Jun. 30, 2023 | $ 25,079 | 20,941 | (123) | 4,891 | (630) |
Beginning balance (in shares) at Dec. 31, 2023 | 1,001,249 | ||||
Beginning balance at Dec. 31, 2023 | $ 25,755 | 21,114 | (123) | 5,490 | (726) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | $ 658 | 658 | |||
Long -Term Incentive Plan Activity (shares) | 333 | ||||
Long-Term Incentive Plan Activity | $ 2 | 2 | |||
Employee stock purchase plan issuances (shares) | 276 | ||||
Employee stock purchase plan issuances | $ 13 | 13 | |||
Common stock dividends | (381) | (381) | |||
Other comprehensive income (loss), net of income taxes | $ 14 | 14 | |||
Ending balance (in shares) at Mar. 31, 2024 | 1,001,858 | ||||
Ending balance at Mar. 31, 2024 | $ 26,061 | 21,129 | (123) | 5,767 | (712) |
Beginning balance (in shares) at Dec. 31, 2023 | 1,001,249 | ||||
Beginning balance at Dec. 31, 2023 | $ 25,755 | 21,114 | (123) | 5,490 | (726) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 1,106 | ||||
Other comprehensive income (loss), net of income taxes | $ 14 | 14 | |||
Ending balance (in shares) at Jun. 30, 2024 | 1,002,330 | ||||
Ending balance at Jun. 30, 2024 | $ 26,152 | 21,152 | (123) | 5,835 | (712) |
Beginning balance (in shares) at Mar. 31, 2024 | 1,001,858 | ||||
Beginning balance at Mar. 31, 2024 | $ 26,061 | 21,129 | (123) | 5,767 | (712) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | $ 448 | 448 | |||
Long -Term Incentive Plan Activity (shares) | 76 | ||||
Long-Term Incentive Plan Activity | $ 11 | 11 | |||
Employee stock purchase plan issuances (shares) | 396 | ||||
Employee stock purchase plan issuances | $ 12 | 12 | |||
Common stock dividends | (380) | (380) | |||
Other comprehensive income (loss), net of income taxes | $ 0 | 0 | |||
Ending balance (in shares) at Jun. 30, 2024 | 1,002,330 | ||||
Ending balance at Jun. 30, 2024 | $ 26,152 | $ 21,152 | $ (123) | $ 5,835 | $ (712) |
Consolidated Statements of Ch_2
Consolidated Statements of Changes in Shareholders Equity - Exelon (Parentheticals) - $ / shares | 3 Months Ended | |||
Jun. 30, 2024 | Mar. 31, 2024 | Jun. 30, 2023 | Mar. 31, 2023 | |
Statement of Stockholders' Equity [Abstract] | ||||
Common stock dividends (in dollars per share) | $ 0.38 | $ 0.38 | $ 0.36 | $ 0.36 |
Consolidated Statements of Ch_3
Consolidated Statements of Changes in Shareholders Equity (Unaudited) - ComEd - USD ($) $ in Millions | Total | Retained Earnings | Commonwealth Edison Co | Commonwealth Edison Co Common Stock | Commonwealth Edison Co Other Paid-in-Capital [Member] | Commonwealth Edison Co Retained Earnings |
Beginning Balance at Dec. 31, 2022 | $ 13,364 | $ 1,588 | $ 9,746 | $ 2,030 | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | $ 669 | $ 669 | 241 | 241 | ||
Common stock dividends | (359) | (359) | (187) | (187) | ||
Contributions from parent | 186 | 186 | ||||
Ending Balance at Mar. 31, 2023 | 13,604 | 1,588 | 9,932 | 2,084 | ||
Beginning Balance at Dec. 31, 2022 | 13,364 | 1,588 | 9,746 | 2,030 | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 1,012 | 489 | ||||
Ending Balance at Jun. 30, 2023 | 13,852 | 1,588 | 10,118 | 2,146 | ||
Beginning Balance at Mar. 31, 2023 | 13,604 | 1,588 | 9,932 | 2,084 | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 343 | 343 | 249 | 249 | ||
Common stock dividends | (359) | (359) | (187) | (187) | ||
Contributions from parent | 186 | 186 | ||||
Ending Balance at Jun. 30, 2023 | 13,852 | 1,588 | 10,118 | 2,146 | ||
Beginning Balance at Dec. 31, 2023 | 25,755 | 14,363 | 1,588 | 10,401 | 2,374 | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 658 | 658 | 193 | 193 | ||
Common stock dividends | (381) | (381) | (194) | (194) | ||
Contributions from parent | 39 | 39 | ||||
Ending Balance at Mar. 31, 2024 | 14,401 | 1,588 | 10,440 | 2,373 | ||
Beginning Balance at Dec. 31, 2023 | 25,755 | 14,363 | 1,588 | 10,401 | 2,374 | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 1,106 | 463 | ||||
Ending Balance at Jun. 30, 2024 | 26,152 | 14,516 | 1,588 | 10,479 | 2,449 | |
Beginning Balance at Mar. 31, 2024 | 14,401 | 1,588 | 10,440 | 2,373 | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 448 | 448 | 270 | 270 | ||
Common stock dividends | (380) | $ (380) | (194) | (194) | ||
Contributions from parent | 39 | 39 | ||||
Ending Balance at Jun. 30, 2024 | $ 26,152 | $ 14,516 | $ 1,588 | $ 10,479 | $ 2,449 |
Consolidated Statements of Ch_4
Consolidated Statements of Changes in Shareholders Equity (Unaudited) - PECO - USD ($) $ in Millions | Total | Retained Earnings | PECO Energy Co | PECO Energy Co Common Stock | PECO Energy Co Retained Earnings |
Beginning Balance at Dec. 31, 2022 | $ 5,563 | $ 3,702 | $ 1,861 | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | $ 669 | $ 669 | 166 | 166 | |
Common stock dividends | (359) | (359) | (101) | (101) | |
Contributions from parent | 330 | 330 | |||
Ending Balance at Mar. 31, 2023 | 5,958 | 4,032 | 1,926 | ||
Beginning Balance at Dec. 31, 2022 | 5,563 | 3,702 | 1,861 | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 1,012 | 263 | |||
Ending Balance at Jun. 30, 2023 | 5,954 | 4,032 | 1,922 | ||
Beginning Balance at Mar. 31, 2023 | 5,958 | 4,032 | 1,926 | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 343 | 343 | 97 | 97 | |
Common stock dividends | (359) | (359) | (101) | (101) | |
Ending Balance at Jun. 30, 2023 | 5,954 | 4,032 | 1,922 | ||
Beginning Balance at Dec. 31, 2023 | 25,755 | 6,069 | 4,050 | 2,019 | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 658 | 658 | 149 | 149 | |
Common stock dividends | (381) | (381) | (100) | (100) | |
Contributions from parent | 580 | 580 | |||
Ending Balance at Mar. 31, 2024 | 6,698 | 4,630 | 2,068 | ||
Beginning Balance at Dec. 31, 2023 | 25,755 | 6,069 | 4,050 | 2,019 | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 1,106 | 239 | |||
Ending Balance at Jun. 30, 2024 | 26,152 | 6,688 | 4,630 | 2,058 | |
Beginning Balance at Mar. 31, 2024 | 6,698 | 4,630 | 2,068 | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 448 | 448 | 90 | 90 | |
Common stock dividends | (380) | $ (380) | (100) | (100) | |
Ending Balance at Jun. 30, 2024 | $ 26,152 | $ 6,688 | $ 4,630 | $ 2,058 |
Statements of Changes in Shareh
Statements of Changes in Shareholders Equity (Unaudited) - BGE - USD ($) $ in Millions | Total | Retained Earnings | Baltimore Gas and Electric Company | Baltimore Gas and Electric Company Common Stock | Baltimore Gas and Electric Company Retained Earnings |
Beginning Balance at Dec. 31, 2022 | $ 4,936 | $ 2,861 | $ 2,075 | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | $ 669 | $ 669 | 200 | 200 | |
Common stock dividends | (359) | (359) | (80) | (80) | |
Contributions from parent | 237 | 237 | |||
Ending Balance at Mar. 31, 2023 | 5,293 | 3,098 | 2,195 | ||
Beginning Balance at Dec. 31, 2022 | 4,936 | 2,861 | 2,075 | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 1,012 | 241 | |||
Ending Balance at Jun. 30, 2023 | 5,256 | 3,098 | 2,158 | ||
Beginning Balance at Mar. 31, 2023 | 5,293 | 3,098 | 2,195 | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 343 | 343 | 42 | 42 | |
Common stock dividends | (359) | (359) | (79) | (79) | |
Ending Balance at Jun. 30, 2023 | 5,256 | 3,098 | 2,158 | ||
Beginning Balance at Dec. 31, 2023 | 25,755 | 5,490 | 3,246 | 2,244 | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 658 | 658 | 264 | 264 | |
Common stock dividends | (381) | (381) | (92) | (92) | |
Ending Balance at Mar. 31, 2024 | 5,662 | 3,246 | 2,416 | ||
Beginning Balance at Dec. 31, 2023 | 25,755 | 5,490 | 3,246 | 2,244 | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 1,106 | 308 | |||
Ending Balance at Jun. 30, 2024 | 26,152 | 5,811 | 3,443 | 2,368 | |
Beginning Balance at Mar. 31, 2024 | 5,662 | 3,246 | 2,416 | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 448 | 448 | 44 | 44 | |
Common stock dividends | (380) | $ (380) | (92) | (92) | |
Contributions from parent | 197 | 197 | |||
Ending Balance at Jun. 30, 2024 | $ 26,152 | $ 5,811 | $ 3,443 | $ 2,368 |
Consolidated Statements of Ch_5
Consolidated Statements of Changes in Member's Equity (Unaudited) - PHI - USD ($) $ in Millions | Total | Undistributed (Losses)/Gains | Pepco Holdings LLC | Pepco Holdings LLC Membership Interest | Pepco Holdings LLC Undistributed (Losses)/Gains |
Beginning Balance at Dec. 31, 2022 | $ 11,230 | $ 11,582 | $ (352) | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | $ 669 | $ 669 | 155 | 155 | |
Distributions to member | (112) | (112) | |||
Contributions from member | 405 | 405 | |||
Ending Balance at Mar. 31, 2023 | 11,678 | 11,987 | (309) | ||
Beginning Balance at Dec. 31, 2022 | 11,230 | 11,582 | (352) | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 1,012 | 258 | |||
Ending Balance at Jun. 30, 2023 | 11,681 | 11,987 | (306) | ||
Beginning Balance at Mar. 31, 2023 | 11,678 | 11,987 | (309) | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 343 | 343 | 103 | 103 | |
Distributions to member | (100) | (100) | |||
Ending Balance at Jun. 30, 2023 | 11,681 | 11,987 | (306) | ||
Beginning Balance at Dec. 31, 2023 | 11,782 | 12,057 | (275) | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 658 | 658 | 168 | 168 | |
Distributions to member | (118) | (118) | |||
Contributions from member | 487 | 487 | |||
Ending Balance at Mar. 31, 2024 | 12,319 | 12,544 | (225) | ||
Beginning Balance at Dec. 31, 2023 | 11,782 | 12,057 | (275) | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 1,106 | 326 | |||
Ending Balance at Jun. 30, 2024 | 12,313 | 12,544 | (231) | ||
Beginning Balance at Mar. 31, 2024 | 12,319 | 12,544 | (225) | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | $ 448 | $ 448 | 158 | 158 | |
Distributions to member | (164) | (164) | |||
Ending Balance at Jun. 30, 2024 | $ 12,313 | $ 12,544 | $ (231) |
Statements of Changes in Shar_2
Statements of Changes in Shareholders Equity (Unaudited) - Pepco - USD ($) $ in Millions | Total | Retained Earnings | Potomac Electric Power Company | Potomac Electric Power Company Common Stock | Potomac Electric Power Company Retained Earnings |
Beginning Balance at Dec. 31, 2022 | $ 3,782 | $ 2,767 | $ 1,015 | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | $ 669 | $ 669 | 65 | 65 | |
Common stock dividends | (359) | (359) | (48) | (48) | |
Contributions from parent | 243 | 243 | |||
Ending Balance at Mar. 31, 2023 | 4,042 | 3,010 | 1,032 | ||
Beginning Balance at Dec. 31, 2022 | 3,782 | 2,767 | 1,015 | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 1,012 | 130 | |||
Ending Balance at Jun. 30, 2023 | 4,039 | 3,010 | 1,029 | ||
Beginning Balance at Mar. 31, 2023 | 4,042 | 3,010 | 1,032 | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 343 | 343 | 64 | 64 | |
Common stock dividends | (359) | (359) | (67) | (67) | |
Ending Balance at Jun. 30, 2023 | 4,039 | 3,010 | 1,029 | ||
Beginning Balance at Dec. 31, 2023 | 25,755 | 4,144 | 3,075 | 1,069 | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 658 | 658 | 75 | 75 | |
Common stock dividends | (381) | (381) | (51) | (51) | |
Contributions from parent | 251 | 251 | |||
Ending Balance at Mar. 31, 2024 | 4,419 | 3,326 | 1,093 | ||
Beginning Balance at Dec. 31, 2023 | 25,755 | 4,144 | 3,075 | 1,069 | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 1,106 | 183 | |||
Ending Balance at Jun. 30, 2024 | 26,152 | 4,425 | 3,326 | 1,099 | |
Beginning Balance at Mar. 31, 2024 | 4,419 | 3,326 | 1,093 | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 448 | 448 | 108 | 108 | |
Common stock dividends | (380) | $ (380) | (102) | (102) | |
Ending Balance at Jun. 30, 2024 | $ 26,152 | $ 4,425 | $ 3,326 | $ 1,099 |
Statements of Changes in Shar_3
Statements of Changes in Shareholders Equity (Unaudited) - DPL - USD ($) $ in Millions | Total | Retained Earnings | Delmarva Power and Light Company | Delmarva Power and Light Company Common Stock | Delmarva Power and Light Company Retained Earnings |
Beginning Balance at Dec. 31, 2022 | $ 1,950 | $ 1,356 | $ 594 | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | $ 669 | $ 669 | 60 | 60 | |
Common stock dividends | (359) | (359) | (42) | (42) | |
Contributions from parent | 99 | 99 | |||
Ending Balance at Mar. 31, 2023 | 2,067 | 1,455 | 612 | ||
Beginning Balance at Dec. 31, 2022 | 1,950 | 1,356 | 594 | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 1,012 | 85 | |||
Ending Balance at Jun. 30, 2023 | 2,074 | 1,455 | 619 | ||
Beginning Balance at Mar. 31, 2023 | 2,067 | 1,455 | 612 | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 343 | 343 | 25 | 25 | |
Common stock dividends | (359) | (359) | (18) | (18) | |
Ending Balance at Jun. 30, 2023 | 2,074 | 1,455 | 619 | ||
Beginning Balance at Dec. 31, 2023 | 25,755 | 2,093 | 1,455 | 638 | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 658 | 658 | 66 | 66 | |
Common stock dividends | (381) | (381) | (45) | (45) | |
Contributions from parent | 154 | 154 | |||
Ending Balance at Mar. 31, 2024 | 2,268 | 1,609 | 659 | ||
Beginning Balance at Dec. 31, 2023 | 25,755 | 2,093 | 1,455 | 638 | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 1,106 | 101 | |||
Ending Balance at Jun. 30, 2024 | 26,152 | 2,263 | 1,609 | 654 | |
Beginning Balance at Mar. 31, 2024 | 2,268 | 1,609 | 659 | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 448 | 448 | 34 | 34 | |
Common stock dividends | (380) | $ (380) | (39) | (39) | |
Ending Balance at Jun. 30, 2024 | $ 26,152 | $ 2,263 | $ 1,609 | $ 654 |
Consolidated Statements of Ch_6
Consolidated Statements of Changes in Shareholders Equity (Unaudited) - ACE - USD ($) $ in Millions | Total | Retained Earnings | Atlantic City Electric Company | Atlantic City Electric Company Common Stock | Atlantic City Electric Company Retained Earnings |
Beginning Balance at Dec. 31, 2022 | $ 1,753 | $ 1,765 | $ (12) | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | $ 669 | $ 669 | 33 | 33 | |
Common stock dividends | (359) | (359) | (21) | (21) | |
Contributions from parent | 63 | 63 | |||
Ending Balance at Mar. 31, 2023 | 1,828 | 1,828 | 0 | ||
Beginning Balance at Dec. 31, 2022 | 1,753 | 1,765 | (12) | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 1,012 | 51 | |||
Ending Balance at Jun. 30, 2023 | 1,831 | 1,828 | 3 | ||
Beginning Balance at Mar. 31, 2023 | 1,828 | 1,828 | 0 | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 343 | 343 | 18 | 18 | |
Common stock dividends | (359) | (359) | (15) | (15) | |
Ending Balance at Jun. 30, 2023 | 1,831 | 1,828 | 3 | ||
Beginning Balance at Dec. 31, 2023 | 25,755 | 1,812 | 1,830 | (18) | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 658 | 658 | 29 | 29 | |
Common stock dividends | (381) | (381) | (22) | (22) | |
Contributions from parent | 81 | 81 | |||
Ending Balance at Mar. 31, 2024 | 1,900 | 1,911 | (11) | ||
Beginning Balance at Dec. 31, 2023 | 25,755 | 1,812 | 1,830 | (18) | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 1,106 | 50 | |||
Ending Balance at Jun. 30, 2024 | 26,152 | 1,899 | 1,911 | (12) | |
Beginning Balance at Mar. 31, 2024 | 1,900 | 1,911 | (11) | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Net income | 448 | 448 | 21 | 21 | |
Common stock dividends | (380) | $ (380) | (22) | (22) | |
Ending Balance at Jun. 30, 2024 | $ 26,152 | $ 1,899 | $ 1,911 | $ (12) |
Significant Accounting Policies
Significant Accounting Policies (All Registrants) | 6 Months Ended |
Jun. 30, 2024 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies (All Registrants) | Significant Accounting Policies (All Registrants) Description of Business Exelon is a utility services holding company engaged in the energy transmission and distribution businesses through ComEd, PECO, BGE, Pepco, DPL, and ACE. Name of Registrant Business Service Territories 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 & 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 This is a combined quarterly report of all Registrants. The Notes to the Consolidated Financial Statements apply to the Registrants as indicated parenthetically next to each corresponding disclosure. When appropriate, the Registrants are named specifically for their related activities and disclosures. 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, finance, 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” in the consolidated financial statements and include intercompany eliminations unless otherwise disclosed. The accompanying consolidated financial statements as of June 30, 2024 and for the three and six months ended June 30, 2024 and 2023 are unaudited but, in the opinion of each Registrant's management, the Registrants 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, 2023 Consolidated Balance Sheets were derived from audited financial statements. The interim financial statements are to be read in conjunction with prior annual financial statements and notes. Additionally, 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, 2024. 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 Issued and Not Yet Adopted as of June 30, 2024: 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, 2024. Unless otherwise indicated, the Registrants are currently assessing the impacts such guidance may have (which could be material) in their Consolidated Balance Sheets, Consolidated Statements of Operations and Comprehensive Income, Consolidated Statements of Cash Flows and disclosures, as well as the potential to early adopt where applicable. The Registrants have assessed other FASB issuances of new standards which are not listed below given the current expectation that such standards will not significantly impact the Registrants' financial reporting. Segment Reporting (Issued November 2023). Improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The objective of the revised guidance is to introduce a new requirement to disclose significant segment expenses regularly provided to the CODM, extend certain annual disclosures to interim periods, clarify single reportable segment entities must apply ASC 280 in its entirety, permit more than one measure of segment profit or loss to be reported under certain conditions, and require disclosure of the title and position of the CODM. The standard is effective for annual periods beginning January 1, 2024 and interim periods beginning January 1, 2025, with early adoption permitted. The standard will be applied retrospectively. Improvement to Income Tax Disclosures (Issued December 2023). Provides additional disclosure requirements related to the effective tax rate reconciliation and income taxes paid. Under the revised guidance for the effective tax reconciliations, entities would be required to disclose: (1) eight specific categories in the effective tax rate reconciliation in both percentages and reporting currency amount, (2) additional information for reconciling items over a certain threshold, (3) explanation of individual reconciling items disclosed, and (4) provide a qualitative description of the state and local jurisdictions that contribute to the majority of the state income tax expense. For each annual period presented, the new standard requires disclosure of the year-to-date amount of income taxes paid (net of refunds received) disaggregated by federal, state, and foreign. It also requires additional disaggregated information on income taxes paid (net of refunds received) to an individual jurisdiction equal to or greater than 5% of total income taxes paid (net of refunds received). The standard is effective January 1, 2025, with early adoption permitted. |
Regulatory Matters (All Registr
Regulatory Matters (All Registrants) | 6 Months Ended |
Jun. 30, 2024 | |
Regulated Operations [Abstract] | |
Regulatory Matters (All Registrants) | Regulatory Matters (All Registrants) As discussed in Note 3 — Regulatory Matters of the 2023 Form 10-K, the Registrants are involved in rate and regulatory proceedings at FERC and their state commissions. The following discusses developments in 2024 and updates to the 2023 Form 10-K. Distribution Base Rate Case Proceedings The following tables show the completed and pending distribution base rate case proceedings in 2024. Completed Distribution Base Rate Case Proceedings Registrant/Jurisdiction Filing Date Service Requested Revenue Requirement Increase Approved Revenue Requirement Increase Approved ROE Approval Date Rate Effective Date ComEd - Illinois January 17, 2023 Electric $ 1,487 $ 501 8.905% December 14, 2023 (a) January 1, 2024 $ 838 $ 810 8.905% April 18, 2024 (b) May 1, 2024 April 21, 2023 (c) Electric $ 247 $ 259 8.91% November 30, 2023 January 1, 2024 BGE - Maryland (d) February 17, 2023 Electric $ 313 $ 179 9.50% December 14, 2023 January 1, 2024 Natural Gas $ 289 $ 229 9.45% Pepco - Maryland October 26, 2020 (amended March 31, 2021) (e) Electric $ 104 $ 52 9.55% June 28, 2021 June 28, 2021 May 16, 2023 (amended February 23, 2024) (f) Electric $ 111 $ 45 9.50% June 10, 2024 April 1, 2024 DPL - Maryland (g) May 19, 2022 Electric $ 38 $ 29 9.60% December 14, 2022 January 1, 2023 DPL - Delaware (h) December 15, 2022 (amended September 29, 2023) Electric $ 39 $ 28 9.60% April 18, 2024 July 15, 2023 ACE - New Jersey (i) February 15, 2023 (amended August 21, 2023) Electric $ 92 $ 45 9.60% November 17, 2023 December 1, 2023 __________ (a) Reflects a four-year cumulative multi-year rate plan for January 1, 2024 to December 31, 2027. On December 14, 2023, the ICC approved year-over-year distribution revenue requirement increases in 2024-2027, with an amendatory order on January 10, 2024, of approximately $451 million effective January 1, 2024, $14 million effective January 1, 2025, $6 million effective January 1, 2026, and $30 million effective January 1, 2027, based on an ROE of 8.905%, an equity ratio of 50%, and year end 2022 rate base. The ICC rejected ComEd’s Grid Plan, requiring ComEd to file a revised Grid Plan by March 13, 2024, 90 days after the issuance of the December final order. The ICC also directed that the revised Grid Plan would be reviewed through further formal proceedings in that docket. On January 10, 2024, the ICC granted one portion of ComEd’s application for rehearing of the December 14, 2023 final order, and directed that a rehearing process extending no more than 150 days reconsider certain components of the revenue requirements for the test years (2024-2027), absent an approved Grid Plan. On January 10, 2024, ComEd also filed with the Illinois appellate court an appeal of various aspects of the ICC’s final order on which rehearing was denied, including the 8.905% ROE and 50% equity ratio and denial of any return on ComEd’s pension asset. On March 13, 2024, ComEd filed its revised Grid Plan (Refiled Grid Plan) with supporting testimony and schedules with the ICC. On March 15, 2024, ComEd filed a petition to adjust its MRP to authorize increased rates consistent with the Refiled Grid Plan. (b) Reflects four-year cumulative increase to the revenue requirement approved on December 14, 2023 and amended on January 10, 2024 of $810 million for January 1, 2024 to December 31, 2027 resulting from the rehearing on certain components of the rate plan. On February 16, 2024, ComEd filed a revised revenue request for an $838 million increase in its 2024-2027 revenue requirements based on the ICC’s limited scope for rehearing which included the value of the 2023 forecasted year-end rate base. On April 18, 2024, the ICC issued an order on the rehearing filing which increased the revenue requirements previously approved by the ICC in its January 10, 2024, amendatory order by $150 million in 2024, $186 million in 2025, $221 million in 2026 and $253 million in 2027. ComEd anticipates that the revenue requirements determined during the rehearing process will be further adjusted upon approval of the Refiled Grid Plan and the pending petition to adjust rates. (c) On November 30, 2023, the Delivery Reconciliation Amount for 2022 defined in Rider Delivery Service Pricing Reconciliation (Rider DSPR) was approved. The delivery reconciliation amount allows for the reconciliation of the revenue requirement in effect in the final years in which formula rates are determined and until such time as new rates are established under ComEd’s approved MRP. The 2023 filing reconciled the delivery service rates in effect in 2022 with the actual delivery service costs incurred in 2022. The reconciliation revenue requirement provides for a weighted average debt and equity return on distribution rate base of 6.48%, inclusive of an allowed ROE of 8.91%, reflecting the monthly yields on 30-year treasury bonds plus 580 basis points. (d) Reflects a three-year cumulative multi-year plan for January 1, 2024 through December 31, 2026. The MDPSC awarded BGE electric revenue requirement increases of $41 million, $113 million, and $25 million in 2024, 2025, and 2026, respectively, and natural gas revenue requirement increases of $126 million, $62 million, and $41 million in 2024, 2025, and 2026, respectively. Requested revenue requirement increases will be used to recover capital investments designed to increase the resilience of the electric and gas distribution systems and support Maryland's climate and regulatory initiatives. The MDPSC also approved a portion of the requested 2021 and 2022 reconciliation amounts, which will be recovered through separate electric and gas riders between March 2024 through February 2025. As such, the reconciliation amounts are not included in the approved revenue requirement increases. The 2021 reconciliation amounts are $13 million and $7 million for electric and gas, respectively, and the 2022 reconciliation amounts are $39 million and $15 million for electric and gas, respectively. In April 2024, BGE filed with the MDPSC its request for recovery of the 2023 reconciliation amounts of $79 million and $73 million for electric and gas, respectively, with supporting testimony and schedules. (e) Reflects a three-year cumulative multi-year plan for April 1, 2021 through March 31, 2024. The MDPSC awarded Pepco electric incremental revenue requirement increases of $21 million, $16 million, and $15 million, before offsets, for the 12-month periods ending March 31, 2022, 2023, and 2024, respectively. Pepco proposed to utilize certain tax benefits to fully offset the increase through 2023 and partially offset customer rate increases in 2024. However, the MDPSC only utilized the acceleration of refunds for certain tax benefits to fully offset the increases such that customer rates remain unchanged through March 31, 2022. On February 23, 2022, the MDPSC chose to offset 25% of the cumulative revenue requirement increase for the 12-month period ending March 31, 2023. In 2021, the MDPSC deferred a decision on whether to use certain tax benefits to offset the revenue requirement increases for the 12-month period ending March 31, 2024. In December 2022 Pepco proposed that tax benefits not be used to offset the revenue requirement increases for this period. On January 25, 2023, the MDPSC accepted Pepco’s recommendations not to use tax benefits to offset revenue requirement increases for the 12-month period ending March 31, 2024. (f) Reflects the amounts requested (before offsets) and awarded for a one-year multi-year plan for April 1, 2024 through March 31, 2025. The MDPSC awarded Pepco an electric incremental revenue requirement increase of $45 million for the 12-month period ending March 31, 2025. The MDPSC did not adopt the requested revenue requirement increases of $80 million (before offsets), $51 million, and $14 million as filed for 2025, 2026, and the 2027 nine-month extension period, respectively. The order allows for Pepco to perform an annual reconciliation after the 2024 rate year. The MDPSC also approved the requested reconciliation amounts for the 12-month periods ending March 31, 2022, and March 31, 2023, which will be recovered through a rider between August 2024 through March 2026. As such, the reconciliation amounts are not included in the approved revenue requirement increases. The reconciliation amounts are $1 million, and $7 million, for the 12-month periods ending March 31, 2022, and March 31, 2023, respectively. In July 2024, Pepco filed its request with the MDPSC for recovery of $31 million for the 12-month period ended March 31, 2024, with supporting testimony and schedules. (g) Reflects a three-year cumulative multi-year plan for January 1, 2023 through December 31, 2025. The MDPSC awarded DPL electric incremental revenue requirement increases of $17 million, $6 million, and $6 million for 2023, 2024, and 2025, respectively. (h) On April 18, 2024, the DEPSC approved the Significant Storm Expense Rate Rider (Rider SSER) which will allow DPL to recover expenses associated with qualified storms. A qualified storm will be an individual storm for which DPL incurs expenses between $5 million and $15 million. The Rider SSER allows DPL to recover significant storm damage expenses for the previous 12-month period over a future 24-month period. For individual storm events for which DPL incurs expenses of more than $15 million, the future recovery period will be evaluated on a case-by-case basis and the unamortized balance will earn a return at DPL's authorized long-term cost of debt. The Rider SSER will have an annual true-up filing, subject to DEPSC review and approval. (i) Requested and approved increases are before New Jersey sales and use tax. The NJBPU awarded ACE electric revenue requirement increases of $36 million and $9 million effective December 1, 2023 and February 1, 2024, respectively. Pending Distribution Base Rate Case Proceedings Registrant/Jurisdiction Filing Date Service Requested Revenue Requirement Increase Requested ROE Expected Approval Timing ComEd - Illinois March 15, 2024 (amended June 20, 2024) Electric (a) $ 682 8.905% December 2024 April 26, 2024 Electric (b) $ 627 9.89% December 2024 PECO - Pennsylvania March 28, 2024 Electric (c) $ 464 10.95% Fourth quarter of 2024 Natural Gas $ 111 11.15% Pepco - District of Columbia (d) April 13, 2023 (amended February 27, 2024) Electric $ 186 10.50% Fourth quarter of 2024 __________ (a) On March 13, 2024, ComEd filed its Refiled Grid Plan with the ICC and on March 15, 2024, ComEd filed a petition to adjust its multi-year rate plan to be aligned with ComEd’s Refiled Grid Plan. The adjusted rate plan incorporates changes in the Refiled Grid Plan, which was updated in ComEd's rebuttal testimony on June 20, 2024, to request a $682 million increase in revenue requirements over four years above those granted in the ICC’s January 10, 2024, amendatory order. The requested year-over-year increases are $308 million in 2024, $96 million in 2025, $135 million in 2026, and $143 million in 2027. A final order on both the Refiled Grid Plan and the adjusted rate plan petition is expected by December 2024 with new rates effective on or before January 1, 2025. (b) On April 26, 2024, ComEd filed its proposed Delivery Reconciliation Amount of $627 million under Rider DSPR which allows for the reconciliation of the revenue requirement in effect. The 2024 filing reconciles those rates with the actual delivery service costs incurred in 2023. The final order is expected by December 2024 and the reconciliation amount will adjust customer rates in 2025. (c) PECO requested an annual electric revenue requirement increase of $464 million, which is partially offset by a one-time credit of $64 million in 2025. (d) Reflects a three-year cumulative multi-year plan for January 1, 2024 through December 31, 2026 submitted to the DCPSC. Pepco requested total electric revenue requirement increases of $116 million, $35 million, and $35 million in 2024, 2025, and 2026, respectively. Requested revenue requirement increases will be used to recover capital investments designed to advance system-readiness and support the District of Columbia’s climate and clean energy goals. Transmission Formula Rates The Utility Registrants' 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, and PECO is required to file on or before May 31, with the resulting rates effective on June 1 of the same year. The annual update for ComEd is based on prior year actual costs and current year projected capital additions (initial year revenue requirement). The update for ComEd 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). The annual update for PECO is based on prior year actual costs and current year projected capital additions, accumulated depreciation and accumulated deferred income taxes. The annual update for BGE, Pepco, DPL, and ACE is based on prior year actual costs and current year projected capital additions, accumulated depreciation, depreciation and amortization expense, and accumulated deferred income taxes. The update for PECO, BGE, Pepco, DPL, and ACE also reconciles any differences between the actual costs and actual revenues for the calendar year (annual reconciliation). For 2024, the following increases/(decreases) were included in the Utility Registrants' electric transmission formula rate updates: Registrant (a) Initial Revenue Requirement Increase Annual Reconciliation (Decrease) Total Revenue Requirement Increase Allowed Return on Rate Base (b) Allowed ROE (c) ComEd $ 32 $ (12) $ 20 8.14 % 11.50 % PECO $ 2 $ 3 $ 5 7.45 % 10.35 % BGE $ 42 $ 13 $ 53 (d) 7.47 % 10.50 % Pepco $ 58 $ 15 $ 73 7.62 % 10.50 % DPL $ 7 $ 17 $ 24 7.23 % 10.50 % ACE $ 14 $ 18 $ 32 7.11 % 10.50 % __________ (a) All rates are effective June 1, 2024 - May 31, 2025, subject to review by interested parties pursuant to review protocols of each Utility Registrants' tariffs. (b) Represents the weighted average debt and equity return on transmission rate bases. For PECO, the common equity component of the ratio used to calculate the weighted average debt and equity return on the transmission formula rate base is currently capped at 55.75%. (c) The rate of return on common equity for each Utility Registrant includes a 50-basis-point incentive adder for being a member of an RTO. (d) The increase in BGE's transmission revenue requirement includes a $2 million reduction related to a FERC-approved dedicated facilities charge to recover the costs of providing transmission service to specifically designated load by BGE. Other State Regulatory Matters Illinois Regulatory Matters CEJA (Exelon and ComEd). On September 15, 2021, the Governor of Illinois signed into law CEJA. CEJA includes, among other features, (1) procurement of CMCs from qualifying nuclear-powered generating facilities, (2) a requirement to file a general rate case or a new four-year MRP no later than January 20, 2023 to establish rates effective after ComEd’s existing performance-based distribution formula rate sunsets, (3) requirements that ComEd and the ICC initiate and conduct various regulatory proceedings on subjects including ethics, spending, grid investments, and performance metrics. ComEd Electric Distribution Rates ComEd filed, and received approval for, its last performance-based electric distribution formula rate update under EIMA in 2022; those rates were in effect throughout 2023. On February 3, 2022, the ICC approved a tariff that establishes the process under which ComEd reconciled its 2022 and 2023 rate year revenue requirements with actual costs. Those reconciliation amounts are determined using the same process used for prior reconciliations under the performance-based electric distribution formula rate. Using that process, for the rate years 2022 and 2023 ComEd will ultimately collect revenues from customers reflecting each year’s actual recoverable costs, year-end rate base, and a weighted average debt and equity return on distribution rate base, with the ROE component based on the annual average of the monthly yields of the 30-year U.S. Treasury bonds plus 580 basis points. In April 2023, ComEd filed its first petition with the ICC to reconcile its 2022 actual costs with the approved revenue requirement that was in effect in 2022; the final order was issued on November 30, 2023, for rates beginning January 2024. On April 26, 2024, ComEd filed with the ICC its 2023 actual costs with the approved revenue requirement that was in effect in 2023; the final order is expected by December 2024, for rates beginning January 2025. Beginning in 2024, ComEd will recover from retail customers, subject to certain exceptions, the costs it incurs to provide electric delivery services either through its electric distribution rate or other recovery mechanisms authorized by CEJA. On January 17, 2023, ComEd filed a petition with the ICC seeking approval of a MRP for 2024-2027. The MRP supports a multi-year grid plan (Grid Plan), also filed on January 17, covering planned investments on the electric distribution system within ComEd’s service area through 2027. Costs incurred during each year of the MRP are subject to ICC review and the plan’s revenue requirement for each year will be reconciled with the actual costs that the ICC determines are prudently and reasonably incurred for that year. The reconciliation is subject to adjustment for certain costs, including a limitation on recovery of costs that are more than 105% of certain costs in the previously approved MRP revenue requirement, absent a modification of the rate plan itself. Thus, for example, the rate adjustments necessary to reconcile 2024 revenues to ComEd’s actual 2024 costs incurred would take effect in January 2026 after the ICC’s review during 2025. On December 14, 2023, the ICC issued a final order. The ICC rejected ComEd’s Grid Plan as non-compliant with certain requirements of CEJA, and required ComEd to file a revised Grid Plan by March 13, 2024, 90 days after the issuance of the final order. In the absence of an approved Grid Plan, the ICC set ComEd’s forecast revenue requirements for 2024-2027 based on ComEd's approved year-end 2022 rate base. This resulted in a total cumulative revenue requirement increase of $501 million, a $986 million total revenue reduction from the requested cumulative revenue requirement increase but remains subject to annual reconciliation in accordance with CEJA. The final order approved the process and formulas associated with the MRP reconciliation mechanisms. The ICC did not approve a previously proposed phase-in of the ICC's approved year-over-year revenue increases, and it also denied ComEd's ability to earn a return on its pension asset. On December 22, 2023, ComEd filed an application for rehearing on several findings in the final order including the use of the 2022 year-end rate base to establish forecast revenue requirements for 2024-2027, ROE, pension asset return, and capital structure. On January 10, 2024, ComEd’s application for rehearing was denied on all issues except for the order’s use of the 2022 year-end rate base. On January 31, 2024, the ICC granted ComEd's motion seeking additional clarification on the scope on rehearing, generally accepting ComEd's proposal and confirming that the rehearing will determine if the forecasted year-end 2023 rate base should be used to set rates for 2024 through 2027 until a refiled Grid Plan is approved. On April 18, 2024, the ICC issued its final order on rehearing and approved increased revenue requirements for 2024-2027. On January 10, 2024, ComEd also filed an appeal in the Illinois Appellate Court of the issues on which rehearing was denied, including but not limited to the allowed ROE and denial of a return on ComEd’s pension asset. There is no deadline by when the appellate court must rule. On March 7, 2024, the ICC adopted an interim order on scheduling, which confirmed that it intends to issue a final order on ComEd’s Refiled Grid Plan by the end of 2024 and that it will implement rates that will go into effect January 1, 2025, inclusive of a Grid Plan. On March 13, 2024, ComEd filed its Refiled Grid Plan with supporting testimony and schedules with the ICC. The Refiled Grid Plan is designed to meet or exceed every requirement identified by the ICC in its December order that rejected ComEd’s initial Grid Plan. On March 15, 2024, ComEd filed a petition to adjust its MRP to authorize increased rates consistent with the Refiled Grid Plan. Staff and Intervenor direct testimony was filed in May 2024. ComEd filed rebuttal and surrebuttal testimony in June and July, respectively, which provided, among other things, defense of its Refiled Grid Plan capital investments. Evidentiary hearings are scheduled for mid-August. ComEd has completed and placed in service additional utility plant assets in 2023 and 2024 and will continue to complete and place in service additional utility plant assets prior to the approval of the new Grid Plan. There are still significant unknowns, but ComEd does not currently believe that it is probable that the initially uncollected depreciation or return on the recently completed plant will ultimately be disallowed . In January 2022, ComEd filed a request with the ICC proposing performance metrics that would be used in determining ROE incentives and penalties in the event ComEd filed a MRP in January 2023. On September 27, 2022, the ICC issued a final order approving seven performance metrics that provide symmetrical performance adjustments of 32 total basis points to ComEd’s rate of return on common equity based on the extent to which ComEd achieves the annual performance goals. On November 10, 2022, the ICC granted ComEd's application for rehearing, in part. On April 5, 2023, the ICC issued its final order on rehearing for the performance and tracking metrics proceeding, in which the ICC declined to adopt ComEd's proposed modifications to the reliability and peak load reduction performance metrics. Efforts are underway to implement the performance metrics, which took effect on January 1, 2024. ComEd will make its initial filing in 2025 to assess performance achieved under the metrics in 2024, and to determine any ROE adjustment, which would take effect in 2026. Carbon Mitigation Credit CEJA establishes decarbonization requirements for Illinois as well as programs to support the retention and development of emissions-free sources of electricity. ComEd is required to purchase CMCs from participating nuclear-powered generating facilities between June 1, 2022 and May 31, 2027. The price to be paid for each CMC was established through a competitive bidding process that included consumer-protection measures that capped the maximum acceptable bid amount and a formula that reduces CMC prices by an energy price index, the base residual auction capacity price in the ComEd zone of PJM, and the monetized value of any federal tax credit or other subsidy if applicable. The consumer protection measures contained in CEJA will result in net payments to ComEd ratepayers if the energy index, the capacity price and applicable federal tax credits or subsidy exceed the CMC contract price. Beginning with the June 2022 monthly billing period, ComEd began issuing credits and/or charges to its retail customers under its new CMC rider. A regulatory asset is recorded for the difference between ComEd's costs associated with the procurement of CMCs from participating nuclear-power generating facilities and revenues received from customers. The balance as of June 30, 2024 is $304 million. Under CEJA, the costs of procuring CMCs, including carrying costs, are recovered through a rider, the Rider Carbon-Free Resource Adjustment (Rider CFRA). As originally approved by the ICC, Rider CFRA provides for an annual reconciliation and true-up to actual costs incurred or credits received by ComEd to purchase CMCs, with any difference to be credited to or collected from ComEd’s retail customers in subsequent periods. The difference between the net payments to (or receivables from) ComEd ratepayers and the credits received by ComEd to purchase CMCs is recorded to Purchased power expense with an offset to the regulatory asset (or regulatory liability). On December 21, 2022, ComEd filed an amendment to Rider CFRA proposing that it recover costs or provide credits faster than the tariff allows, implement monthly reconciliations, and allow ComEd to adjust Rider CFRA rates based not only on anticipated differences but also past payments or credits, and implement monthly reconciliations beginning with the June 2023 delivery period. The ICC approved the proposal on January 19, 2023. In addition, on March 24, 2023, ComEd submitted revisions to Rider CFRA which clarified the methodology for calculating interest to be included in the annual reconciliation associated with the June 2022 through May 2023 delivery year. The ICC approved the proposal on April 20, 2023. On February 2, 2024, ComEd filed a petition with the ICC to initiate the reconciliation proceeding for the costs incurred in connection with the procurement of CMCs during the delivery year beginning June 1, 2022 and extending through May 31, 2023. Beneficial Electrification Plan On March 23, 2023, the ICC issued its final order approving the beneficial electrification plan (BE Plan) for ComEd. The ICC rejected ComEd’s request to treat a large portion of beneficial electrification costs as a regulatory asset and ordered ComEd to seek cost recovery through the multi-year rate plan filing for 2024 and 2025, and the final formula rate reconciliation docket for 2023, rather than through a separate charge. The order also authorized an overall annual budget of $77 million per year for the three-year plan period (2023 through 2025), with flexibility to roll forward unused funds to future years within the same plan period. On April 18, 2023, ComEd filed an application for rehearing in the beneficial electrification plan docket. The Chicago Transit Authority and City of Chicago, jointly, and the Office of the Illinois Attorney General (ILAG) also filed applications for rehearing. On April 27, 2023, ICC staff filed a motion for clarification, seeking clarification from the ICC on the precise budget described in the final order. On May 8, 2023, the ICC denied all applications for rehearing, and entered an amendatory order regarding the annual beneficial electrification plan budgets. ComEd has been directed to use good faith efforts to spend $77 million annually. ComEd subsequently filed its compliance filing in May 2023, detailing project related spending, clarifying the procedure that will be used to seek stakeholder feedback related to beneficial electrification pilot programs, and including the timeline for tariff changes required to implement the programs. ComEd and the ILAG both filed appeals of the ICC’s interim order that addressed the permissible scope of utility beneficial electrification programs outside of transportation and the rate impact cap. The ILAG also filed an appeal seeking reversal of portions of the ICC’s final decision. The final order partly mooted ComEd’s appeal of the interim order and ComEd has decided not to pursue the other issues. As such, ComEd moved to voluntarily dismiss its appeal and the appellate court granted that request. The ILAG consolidated their appeals and filed their opening brief on April 16, 2024. ComEd filed its reply brief on July 30, 2024. Any ruling on the appeals, even a negative ruling removing programs from the BE Plan or lowering the overall budget of the BE Plan, will only impact forward-looking costs. Energy Efficiency CEJA extends ComEd’s current cumulative annual energy efficiency MWh savings goals through 2040, adds expanded electrification measures to those goals, increases low-income commitments and adds a new performance adjustment to the energy efficiency formula rate. ComEd expects its annual spend to increase in 2023 through 2040 to achieve these energy efficiency MWh savings goals, which will be deferred as a separate regulatory asset that will be recovered through the energy efficiency formula rate over the weighted average useful life, as approved by the ICC, of the related energy efficiency measures. Energy Efficiency Formula Rate (Exelon and ComEd). ComEd filed its annual energy efficiency formula rate update with the ICC on May 30, 2024. The filing establishes the revenue requirement used to set the rates that will take effect in January 2025 after the ICC's review and approval. The requested revenue requirement update is based on a reconciliation of the 2023 actual costs plus projected 2025 expenditures. Initial Revenue Requirement Increase Annual Reconciliation Decrease Total Revenue Requirement Increase Requested Return on Rate Base (a) Requested ROE $ 66 $ (8) $ 58 7.02 % 9.89 % __________ (a) The requested revenue requirement increase provides for a weighted average debt and equity return on the energy efficiency regulatory asset and rate base of 7.02% inclusive of an allowed ROE of 9.89%, reflecting the monthly average yields for 30-year treasury bonds plus 580 basis points. For the 2023 reconciliation year, the requested revenue requirement provides for a weighted average debt and equity return on the energy efficiency regulatory asset and rate base of 7.25% inclusive of an allowed ROE of 10.34%, which includes an upward performance adjustment that increased the ROE. The performance adjustment can either increase or decrease the ROE based upon the achievement of energy efficiency savings goals. New Jersey Regulatory Matters Termination of Energy Procurement Provisions of PPAs (Exelon, PHI, and ACE). On December 22, 2021, ACE filed with the NJBPU a petition to terminate the provisions in the PPAs to purchase electricity from two coal-powered generation facilities located in the state of New Jersey. The petition was approved by the NJBPU on March 23, 2022. Upon closing of the transaction on March 31, 2022, ACE recognized a liability of $203 million for the contract termination fee, which is to be paid by the end of 2024, and recognized a corresponding regulatory asset of $203 million. As of June 30, 2024, the $20 million liability for the contract termination fee is included in Other current liabilities in Exelon's Consolidated Balance Sheet and PPA termination obligation in PHI's and ACE's Consolidated Balance Sheets. For the six months ended June 30, 2024 and 2023, ACE has respectively paid $30 million and $43 million of the liability, which is recorded in Changes in Other assets and liabilities in Exelon's, PHI's, and ACE's Consolidated Statements of Cash Flows. Other Federal Regulatory Matters FERC Audit (Exelon and ComEd). The Utility Registrants are subject to periodic audits and investigations by FERC. FERC’s Division of Audits and Accounting initiated a nonpublic audit of ComEd in April 2021 evaluating ComEd’s compliance with (1) approved terms, rates and conditions of its federally regulated service; (2) accounting requirements of the Uniform System of Accounts; (3) reporting requirements of the FERC Form 1; and (4) the requirements for record retention. The audit period extends back to January 1, 2017. On July 27, 2023, FERC issued a final audit report which included, among other things, findings and recommendations related to ComEd's methodology regarding the allocation of certain overhead costs to capitalized construction costs under FERC regulations, including a suggestion that refunds may be due to customers for amounts collected in previous years. On August 28, 2023, ComEd filed a formal notice of the issues it will contest. On December 14, 2023, FERC appointed a settlement judge for the contested overhead allocation findings and set the matter for a trial-type hearing. That hearing process has been held in abeyance while a formal settlement process, which began in February 2024, takes place. On July 30, 2024, ComEd reached an agreement in principle on the contested overhead allocation finding. As a result of the settlement process, ComEd recorded a charge for the probable disallowance of $70 million of certain currently capitalized construction costs to operating expenses, which are not expected to be recovered in future rates. The final settlement is subject to FERC approval. The existing estimates of loss have been updated and reflected in Exelon an |
Revenue from Contracts with Cus
Revenue from Contracts with Customers (All Registrants) | 6 Months Ended |
Jun. 30, 2024 | |
Revenue from Contract with Customer [Abstract] | |
Revenue from Contracts with Customers (All Registrants) | 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. The primary sources of revenue include regulated electric and gas tariff sales, distribution, and transmission services. See Note 4 — Revenue from Contracts with Customers of the 2023 Form 10-K for additional information regarding the primary sources of revenue for the Registrants. Contract Liabilities The Registrants record contract liabilities when consideration is received or due prior to the satisfaction of the performance obligations. The Registrants record contract liabilities in Other current liabilities and Other noncurrent deferred credits and other liabilities in their Consolidated Balance Sheets. For Pepco, DPL, and ACE these contract liabilities primarily relate to upfront consideration received in the third quarter of 2020 for a collaborative arrangement ("Agreement") with an unrelated owner and manager of communication infrastructure, as well as additional consideration received for the payment option amendment ("Amendment") executed during the fourth quarter of 2023, which is discussed in further detail within Note 4 — Revenue from Contracts with Customers of the 2023 Form 10-K. The contract liability balance attributable to the Agreement and the Amendment is being recognized as Electric operating revenues over a 35 year period and 31 year period, respectively. The following table provides a rollforward of the contract liabilities reflected in Exelon's, PHI's, Pepco's, DPL's, and ACE's Consolidated Balance Sheets for the three and six months ended June 30, 2024 and 2023. At June 30, 2024 and December 31, 2023, ComEd's, PECO's, and BGE's contract liabilities were immaterial. Exelon (a) PHI (a) Pepco (a) DPL ACE Balance at December 31, 2023 $ 133 $ 133 $ 107 $ 13 $ 13 Revenues recognized (2) (2) (2) — — Balance at March 31, 2024 $ 131 $ 131 $ 105 $ 13 $ 13 Revenues recognized (1) (1) (1) — — Balance at June 30, 2024 $ 130 $ 130 $ 104 $ 13 $ 13 Exelon (a) PHI (a) Pepco (a) DPL ACE Balance at December 31, 2022 $ 101 $ 101 $ 81 $ 10 $ 10 Revenues recognized (1) (1) (1) — — Balance at March 31, 2023 $ 100 $ 100 $ 80 $ 10 $ 10 Revenues recognized (2) (2) (2) — — Balance at June 30, 2023 $ 98 $ 98 $ 78 $ 10 $ 10 __________ (a) Revenues recognized in the three and six months ended June 30, 2024 and 2023, were included in the contract liabilities at December 31, 2023 and 2022, respectively. Transaction Price Allocated to Remaining Performance Obligations 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, 2024. 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 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. Year Exelon PHI Pepco DPL ACE 2024 $ 3 $ 3 $ 3 $ — $ — 2025 7 7 5 1 1 2026 6 6 5 1 — 2027 5 5 5 — — 2028 and thereafter 109 109 86 11 12 Total $ 130 $ 130 $ 104 $ 13 $ 13 Revenue Disaggregation 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 4 — Segment Information for the presentation of the Registrants' revenue disaggregation. |
Segment Information (All Regist
Segment Information (All Registrants) | 6 Months Ended |
Jun. 30, 2024 | |
Segment Reporting [Abstract] | |
Segment Information (All Registrants) | Segment Information (All Registrants) Operating segments for each of the Registrants are determined based on information used by the CODMs in deciding how to evaluate performance and allocate resources at each of the Registrants. Exelon has six reportable segments, which include ComEd, PECO, BGE, and PHI's three reportable segments consisting of Pepco, DPL, and ACE. ComEd, PECO, BGE, Pepco, DPL, and ACE each represent a single reportable segment, and as such, no separate segment information is provided for these Registrants. Exelon, ComEd, PECO, BGE, Pepco, DPL, and ACE's CODMs evaluate the performance of and allocate resources to the segments based on net income. 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, 2024 and 2023 is as follows: Three Months Ended June 30, 2024 and 2023 ComEd PECO BGE PHI Other (a) Intersegment Exelon Operating revenues (b) : 2024 Electric revenues $ 2,079 $ 797 $ 782 $ 1,441 $ — $ (6) $ 5,093 Natural gas revenues — 94 146 28 — — 268 Shared service and other revenues — — — 2 468 (470) — Total operating revenues $ 2,079 $ 891 $ 928 $ 1,471 $ 468 $ (476) $ 5,361 2023 Electric revenues $ 1,901 $ 719 $ 672 $ 1,274 $ — $ (10) $ 4,556 Natural gas revenues — 109 125 29 — (1) 262 Shared service and other revenues — — — 2 434 (436) — Total operating revenues $ 1,901 $ 828 $ 797 $ 1,305 $ 434 $ (447) $ 4,818 Intersegment revenues (c) : 2024 $ 2 $ 2 $ 2 $ 2 $ 466 $ (474) $ — 2023 2 2 2 2 432 (440) — Depreciation and amortization: 2024 $ 374 $ 107 $ 162 $ 235 $ 16 $ — $ 894 2023 350 99 158 243 16 — 866 Operating expenses: 2024 $ 1,680 $ 752 $ 835 $ 1,204 $ 471 $ (487) $ 4,455 2023 1,478 687 704 1,126 561 (442) 4,114 Interest expense, net: 2024 $ 123 $ 57 $ 53 $ 92 $ 158 $ — $ 483 2023 120 48 44 81 134 — 427 Income Taxes: 2024 $ 31 $ 3 $ 4 $ 46 $ (38) $ — $ 46 2023 71 2 12 20 (32) — 73 Net income (loss): 2024 $ 270 $ 90 $ 44 $ 158 $ (114) $ — $ 448 2023 249 97 42 103 (142) (6) 343 Capital Expenditures: 2024 $ 517 $ 382 $ 344 $ 450 $ 6 $ — $ 1,699 2023 645 372 306 461 20 — 1,804 ______________ (a) Other primarily includes Exelon’s corporate operations, shared service entities, and other financing and investment activities. (b) Includes gross utility tax receipts from customers. The offsetting remittance of utility taxes to the governing bodies is recorded in Taxes other than income taxes in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. See Note 14 — Supplemental Financial Information for additional information on total utility taxes. (c) See Note 15 — Related Party Transactions for additional information on intersegment revenues. PHI: Pepco DPL ACE Other (a) Intersegment PHI Operating revenues (b) : 2024 Electric revenues $ 700 $ 362 $ 383 $ — $ (4) $ 1,441 Natural gas revenues — 28 — — — 28 Shared service and other revenues — — — 115 (113) 2 Total operating revenues $ 700 $ 390 $ 383 $ 115 $ (117) $ 1,471 2023 Electric revenues $ 642 $ 320 $ 317 $ — $ (5) $ 1,274 Natural gas revenues — 29 — — — 29 Shared service and other revenues — — — 105 (103) 2 Total operating revenues $ 642 $ 349 $ 317 $ 105 $ (108) $ 1,305 Intersegment revenues (c) : 2024 $ 2 $ 1 $ 1 $ 115 $ (117) $ 2 2023 2 2 1 104 (107) 2 Depreciation and amortization: 2024 $ 98 $ 61 $ 72 $ 4 $ — $ 235 2023 109 60 68 6 — 243 Operating expenses: 2024 $ 534 $ 332 $ 338 $ 117 $ (117) $ 1,204 2023 541 305 280 108 (108) 1,126 Interest expense, net: 2024 $ 46 $ 24 $ 20 $ 2 $ — $ 92 2023 43 18 17 3 — 81 Income Taxes: 2024 $ 28 $ 8 $ 8 $ 2 $ — $ 46 2023 10 5 6 (1) — 20 Net income (loss): 2024 $ 108 $ 34 $ 21 $ (5) $ — $ 158 2023 64 25 18 (5) 1 103 Capital Expenditures: 2024 $ 225 $ 134 $ 91 $ — $ — $ 450 2023 219 124 114 4 — 461 __________ (a) Other primarily includes PHI’s corporate operations, shared service entities, and other financing and investment activities. (b) Includes gross utility tax receipts from customers. The offsetting remittance of utility taxes to the governing bodies is recorded in Taxes other than income taxes in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. See Note 14 — Supplemental Financial Information for additional information on total utility taxes. (c) Includes intersegment revenues with ComEd, PECO, and BGE, which are eliminated at Exelon. Electric and Gas Revenue by Customer Class (Utility Registrants): The following tables disaggregate the Registrants' revenues 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 the Utility Registrants, the disaggregation of revenues reflects the two primary utility services of electric sales and natural gas sales (where applicable), with further disaggregation of these tariff sales provided by major customer groups. Exelon’s disaggregated revenues are consistent with the Utility Registrants, but exclude any intercompany revenues. Three Months Ended June 30, 2024 Revenues from contracts with customers ComEd PECO BGE PHI Pepco DPL ACE Electric revenues Residential $ 982 $ 522 $ 464 $ 746 $ 315 $ 202 $ 229 Small commercial & industrial 560 128 88 158 43 60 55 Large commercial & industrial 269 61 139 329 251 31 47 Public authorities & electric railroads 14 7 8 16 7 4 5 Other (a) 298 75 101 205 75 64 68 Total electric revenues (b) $ 2,123 $ 793 $ 800 $ 1,454 $ 691 $ 361 $ 404 Natural gas revenues Residential $ — $ 63 $ 89 $ 15 $ — $ 15 $ — Small commercial & industrial — 25 17 7 — 7 — Large commercial & industrial — — 40 1 — 1 — Transportation — 5 — 4 — 4 — Other (c) — — 4 1 — 1 — Total natural gas revenues (d) $ — $ 93 $ 150 $ 28 $ — $ 28 $ — Total revenues from contracts with customers $ 2,123 $ 886 $ 950 $ 1,482 $ 691 $ 389 $ 404 Other revenues Revenues from alternative revenue programs $ (43) $ — $ (23) $ (14) $ 7 $ — $ (21) Other electric revenues (e) (1) 4 1 3 2 1 — Other natural gas revenues (e) — 1 — — — — — Total other revenues $ (44) $ 5 $ (22) $ (11) $ 9 $ 1 $ (21) Total revenues for reportable segments $ 2,079 $ 891 $ 928 $ 1,471 $ 700 $ 390 $ 383 Three Months Ended June 30, 2023 Revenues from contracts with customers ComEd PECO BGE PHI Pepco DPL ACE Electric revenues Residential $ 861 $ 444 $ 363 $ 583 $ 267 $ 161 $ 155 Small commercial & industrial 461 132 75 144 41 57 46 Large commercial & industrial 205 64 119 337 254 33 50 Public authorities & electric railroads 13 8 7 15 7 4 4 Other (a) 234 71 103 185 64 61 63 Total electric revenues (b) $ 1,774 $ 719 $ 667 $ 1,264 $ 633 $ 316 $ 318 Natural gas revenues Residential $ — $ 69 $ 71 $ 16 $ — $ 16 $ — Small commercial & industrial — 32 15 7 — 7 — Large commercial & industrial — — 30 1 — 1 — Transportation — 5 — 4 — 4 — Other (c) — 2 5 1 — 1 — Total natural gas revenues (d) $ — $ 108 $ 121 $ 29 $ — $ 29 $ — Total revenues from contracts with customers $ 1,774 $ 827 $ 788 $ 1,293 $ 633 $ 345 $ 318 Other revenues Revenues from alternative revenue programs $ 118 $ (5) $ 4 $ 9 $ 7 $ 3 $ (1) Other electric revenues (e) 9 5 4 3 2 1 — Other natural gas revenues (e) — 1 1 — — — — Total other revenues $ 127 $ 1 $ 9 $ 12 $ 9 $ 4 $ (1) Total revenues for reportable segments $ 1,901 $ 828 $ 797 $ 1,305 $ 642 $ 349 $ 317 __________ (a) Includes revenues from transmission revenue from PJM, wholesale electric revenue and mutual assistance revenue. (b) Includes operating revenues from affiliates in 2024 and 2023 respectively of: • $2 million, $2 million at ComEd • $2 million, $1 million at PECO • $2 million, $1 million at BGE • $2 million, $2 million at PHI • $2 million, $2 million at Pepco • $1 million, $2 million at DPL • $1 million, $1 million at ACE (c) Includes revenues from off-system natural gas sales. (d) Includes operating revenues from affiliates in 2024 and 2023 respectively of: • less than $1 million, $1 million at PECO • less than $1 million, $1 million at BGE (e) Includes late payment charge revenues. Six Months Ended June 30, 2024 and 2023 ComEd PECO BGE PHI Other (a) Intersegment Exelon Operating revenues (b) : 2024 Electric revenues $ 4,174 $ 1,577 $ 1,664 $ 2,973 $ — $ (11) $ 10,377 Natural gas revenues — 368 561 100 — (3) 1,026 Shared service and other revenues — — — 4 928 (932) — Total operating revenues $ 4,174 $ 1,945 $ 2,225 $ 3,077 $ 928 $ (946) $ 11,403 2023 Electric revenues $ 3,568 $ 1,514 $ 1,485 $ 2,711 $ — $ (14) $ 9,264 Natural gas revenues — 426 568 126 — (4) 1,116 Shared service and other revenues — — — 4 871 (875) — Total operating revenues $ 3,568 $ 1,940 $ 2,053 $ 2,841 $ 871 $ (893) $ 10,380 Intersegment revenues (c) : 2024 $ 4 $ 4 $ 5 $ 4 $ 924 $ (941) $ — 2023 5 4 4 4 867 (884) — Depreciation and amortization: 2024 $ 737 $ 210 $ 312 $ 481 $ 33 $ — $ 1,773 2023 688 197 325 484 31 2 1,727 Operating expenses: 2024 $ 3,462 $ 1,603 $ 1,802 $ 2,539 $ 943 $ (963) $ 9,386 2023 2,734 1,590 1,667 2,423 1,046 (889) 8,571 Interest expense, net: 2024 $ 246 $ 112 $ 103 $ 183 $ 308 $ (2) $ 950 2023 237 97 88 157 263 (2) 840 Income taxes: 2024 $ 49 $ 13 $ 28 $ 86 $ (67) $ — $ 109 2023 142 5 65 54 (60) — 206 Net income (loss): 2024 $ 463 $ 239 $ 308 $ 326 $ (230) $ — $ 1,106 2023 489 263 241 258 (235) (4) 1,012 Capital expenditures: 2024 $ 1,111 $ 743 $ 668 $ 903 $ 41 $ — $ 3,466 2023 1,262 707 656 1,022 38 — 3,685 Total assets: June 30, 2024 $ 44,248 $ 16,354 $ 14,945 $ 27,501 $ 6,077 $ (4,012) $ 105,113 December 31, 2023 42,827 15,595 14,184 26,903 6,374 (4,337) 101,546 __________ (a) Other primarily includes Exelon’s corporate operations, shared service entities, and other financing and investment activities. (b) Includes gross utility tax receipts from customers. The offsetting remittance of utility taxes to the governing bodies is recorded in Taxes other than income taxes in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. See Note 14 — Supplemental Financial Information for additional information on total utility taxes. (c) See Note 15 — Related Party Transactions for additional information on intersegment revenues. PHI: Pepco DPL ACE Other (a) Intersegment PHI Operating revenues (b) : 2024 Electric revenues $ 1,459 $ 780 $ 740 $ — $ (6) $ 2,973 Natural gas revenues — 100 — — — 100 Shared service and other revenues — — — 224 (220) 4 Total operating revenues $ 1,459 $ 880 $ 740 $ 224 $ (226) $ 3,077 2023 Electric revenues $ 1,351 $ 697 $ 670 $ — $ (7) $ 2,711 Natural gas revenues — 126 — — — 126 Shared service and other revenues — — — 207 (203) 4 Total operating revenues $ 1,351 $ 823 $ 670 $ 207 $ (210) $ 2,841 Intersegment revenues (c) : 2024 $ 3 $ 3 $ 1 $ 224 $ (227) $ 4 2023 3 3 1 206 (209) 4 Depreciation and amortization: 2024 $ 205 $ 122 $ 146 $ 8 $ — $ 481 2023 216 121 135 12 — 484 Operating expenses: 2024 $ 1,174 $ 723 $ 641 $ 228 $ (227) $ 2,539 2023 1,151 693 577 212 (210) 2,423 Interest expense, net: 2024 $ 92 $ 46 $ 39 $ 6 $ — $ 183 2023 81 36 34 6 — 157 Income taxes: 2024 $ 42 $ 25 $ 18 $ 1 $ — $ 86 2023 22 17 17 (2) — 54 Net income (loss): 2024 $ 183 $ 101 $ 50 $ (8) $ — $ 326 2023 130 85 51 (8) — 258 Capital expenditures: 2024 $ 454 $ 268 $ 180 $ 1 $ — $ 903 2023 483 258 275 6 — 1,022 Total assets: June 30, 2024 $ 11,542 $ 6,277 $ 5,327 $ 4,764 $ (409) $ 27,501 December 31, 2023 11,194 5,966 5,157 4,627 (41) 26,903 __________ (a) Other primarily includes PHI’s corporate operations, shared service entities, and other financing and investment activities. (b) Includes gross utility tax receipts from customers. The offsetting remittance of utility taxes to the governing bodies is recorded in Taxes other than income taxes in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. See Note 14 — Supplemental Financial Information for additional information on total utility taxes. (c) Includes intersegment revenues with ComEd, PECO, and BGE, which are eliminated at Exelon. Electric and Gas Revenue by Customer Class (Utility Registrants): The following tables disaggregate the Registrants' revenues 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 the Utility Registrants, the disaggregation of revenues reflects the two primary utility services of electric sales and natural gas sales (where applicable), with further disaggregation of these tariff sales provided by major customer groups. Exelon’s disaggregated revenues are consistent with the Utility Registrants, but exclude any intercompany revenues. Six Months Ended June 30, 2024 Revenues from contracts with customers ComEd PECO BGE PHI Pepco DPL ACE Electric revenues Residential $ 1,900 $ 1,042 $ 999 $ 1,521 $ 659 $ 458 $ 404 Small commercial & industrial 1,154 254 178 316 89 122 105 Large commercial & industrial 589 118 271 669 513 60 96 Public authorities & electric railroads 32 14 15 36 18 8 10 Other (a) 523 147 194 396 138 126 134 Total electric revenues (b) $ 4,198 $ 1,575 $ 1,657 $ 2,938 $ 1,417 $ 774 $ 749 Natural gas revenues Residential $ — $ 256 $ 360 $ 61 $ — $ 61 $ — Small commercial & industrial — 89 65 24 — 24 — Large commercial & industrial — — 112 3 — 3 — Transportation — 13 — 9 — 9 — Other (c) — 9 8 3 — 3 — Total natural gas revenues (d) $ — $ 367 $ 545 $ 100 $ — $ 100 $ — Total revenues from contracts with customers $ 4,198 $ 1,942 $ 2,202 $ 3,038 $ 1,417 $ 874 $ 749 Other revenues Revenues from alternative revenue programs $ (24) $ (2) $ 19 $ 32 $ 37 $ 4 $ (9) Other electric revenues (e) — 4 3 7 5 2 — Other natural gas revenues (e) — 1 1 — — — — Total other revenues $ (24) $ 3 $ 23 $ 39 $ 42 $ 6 $ (9) Total revenues for reportable segments $ 4,174 $ 1,945 $ 2,225 $ 3,077 $ 1,459 $ 880 $ 740 Six Months Ended June 30, 2023 Revenues from contracts with customers ComEd PECO BGE PHI Pepco DPL ACE Electric revenues Residential $ 1,698 $ 963 $ 796 $ 1,221 $ 549 $ 371 $ 301 Small commercial & industrial 823 267 167 304 80 119 105 Large commercial & industrial 290 129 268 714 535 66 113 Public authorities & electric railroads 22 16 14 33 16 8 9 Other (a) 450 139 198 362 120 119 126 Total electric revenues (b) $ 3,283 $ 1,514 $ 1,443 $ 2,634 $ 1,300 $ 683 $ 654 Natural gas revenues Residential $ — $ 292 $ 349 $ 76 $ — $ 76 $ — Small commercial & industrial — 107 56 33 — 33 — Large commercial & industrial — 1 100 2 — 2 — Transportation — 13 — 8 — 8 — Other (c) — 11 24 7 — 7 — Total natural gas revenues (d) $ — $ 424 $ 529 $ 126 $ — $ 126 $ — Total revenues from contracts with customers $ 3,283 $ 1,938 $ 1,972 $ 2,760 $ 1,300 $ 809 $ 654 Other revenues Revenues from alternative revenue programs $ 270 $ (10) $ 70 $ 74 $ 46 $ 12 $ 16 Other electric revenues (e) 15 10 8 7 5 2 — Other natural gas revenues (e) — 2 3 — — — — Total other revenues $ 285 $ 2 $ 81 $ 81 $ 51 $ 14 $ 16 Total revenues for reportable segments $ 3,568 $ 1,940 $ 2,053 $ 2,841 $ 1,351 $ 823 $ 670 __________ (a) Includes revenues from transmission revenue from PJM, wholesale electric revenue and mutual assistance revenue. (b) Includes operating revenues from affiliates in 2024 and 2023 respectively of: • $4 million, $5 million at ComEd • $3 million, $3 million at PECO • $4 million, $2 million at BGE • $4 million, $4 million at PHI • $3 million, $3 million at Pepco • $3 million, $3 million at DPL • $1 million, $1 million at ACE (c) Includes revenues from off-system natural gas sales. (d) Includes operating revenues from affiliates in 2024 and 2023 respectively of: • $1 million, $1 million at PECO • $1 million, $2 million at BGE (e) Includes late payment charge revenues. |
Accounts Receivable (All Regist
Accounts Receivable (All Registrants) | 6 Months Ended |
Jun. 30, 2024 | |
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract] | |
Accounts Receivable (All Registrants) | Accounts Receivable (All Registrants) Allowance for Credit Losses on Accounts Receivable The following tables present the rollforward of Allowance for Credit Losses on Customer Accounts Receivable. Three Months Ended June 30, 2024 Exelon ComEd PECO BGE PHI Pepco DPL ACE Balance at March 31, 2024 $ 346 $ 82 $ 107 $ 52 $ 105 $ 52 $ 17 $ 36 Plus: Current period provision (benefit) for expected credit losses (a)(b)(c) 55 38 11 (1) 7 5 1 1 Less: Write-offs, net of recoveries (d) 29 8 6 6 9 4 2 3 Balance at June 30, 2024 $ 372 $ 112 $ 112 $ 45 $ 103 $ 53 $ 16 $ 34 Three Months Ended June 30, 2023 Exelon ComEd PECO BGE PHI Pepco DPL ACE Balance at March 31, 2023 $ 389 $ 74 $ 130 $ 73 $ 112 $ 49 $ 26 $ 37 Plus: Current period (benefit) provision for expected credit losses (35) (1) (20) (16) 2 4 (3) 1 Less: Write-offs, net of recoveries 31 6 9 7 9 3 2 4 Balance at June 30, 2023 $ 323 $ 67 $ 101 $ 50 $ 105 $ 50 $ 21 $ 34 Six Months Ended June 30, 2024 Exelon ComEd PECO BGE PHI Pepco DPL ACE Balance at December 31, 2023 $ 317 $ 69 $ 95 $ 46 $ 107 $ 52 $ 19 $ 36 Plus: Current period provision for expected credit losses (a)(e) 135 60 34 14 27 18 4 5 Less: Write-offs (f)(g) , net of recoveries (d) 80 17 17 15 31 17 7 7 Balance at June 30, 2024 $ 372 $ 112 $ 112 $ 45 $ 103 $ 53 $ 16 $ 34 Six Months Ended June 30, 2023 Exelon ComEd PECO BGE PHI Pepco DPL ACE Balance at December 31, 2022 $ 327 $ 59 $ 105 $ 54 $ 109 $ 47 $ 21 $ 41 Plus: Current period provision for expected credit losses 71 21 18 14 18 13 4 1 Less: Write-offs, net of recoveries 75 13 22 18 22 10 4 8 Balance at June 30, 2023 $ 323 $ 67 $ 101 $ 50 $ 105 $ 50 $ 21 $ 34 _________ (a) For PECO and ComEd, the increase is primarily a result of increased aging of receivables. (b) For BGE, the increase is primarily a result of changes in customer risk profile. (c) For DPL, the increase is primarily a result of increased receivable balances. (d) Recoveries were not material to the Registrants. (e) For Pepco and ACE, the increase is primarily a result of increased receivable balances. (f) For PECO, the decrease is primarily a result of decreased disconnection activities. (g) For Pepco and DPL, the increase is primarily attributable to unfavorable customer payment behavior. The following tables present the rollforward of Allowance for Credit Losses on Other Accounts Receivable. Three Months Ended June 30, 2024 Exelon ComEd PECO BGE PHI Pepco DPL ACE Balance at March 31, 2024 $ 96 $ 19 $ 13 $ 7 $ 57 $ 35 $ 8 $ 14 Plus: Current period provision (benefit) for expected credit losses (a)(b) 16 11 9 (1) (3) (1) (1) (1) Less: Write-offs, net of recoveries (c) 4 1 2 1 — — — — Balance at June 30, 2024 $ 108 $ 29 $ 20 $ 5 $ 54 $ 34 $ 7 $ 13 Three Months Ended June 30, 2023 Exelon ComEd PECO BGE PHI Pepco DPL ACE Balance at March 31, 2023 $ 91 $ 18 $ 11 $ 12 $ 50 $ 28 $ 8 $ 14 Plus: Current period provision (benefit) for expected credit losses 1 1 (2) (2) 4 3 1 — Less: Write-offs, net of recoveries 5 1 1 2 1 — — 1 Balance at June 30, 2023 $ 87 $ 18 $ 8 $ 8 $ 53 $ 31 $ 9 $ 13 Six Months Ended June 30, 2024 Exelon ComEd PECO BGE PHI Pepco DPL ACE Balance at December 31, 2023 $ 82 $ 17 $ 8 $ 7 $ 50 $ 28 $ 8 $ 14 Plus: Current period provision (benefit) for expected credit losses (a) 36 14 15 1 6 6 (1) 1 Less: Write-offs, net of recoveries (c) 10 2 3 3 2 — — 2 Balance at June 30, 2024 $ 108 $ 29 $ 20 $ 5 $ 54 $ 34 $ 7 $ 13 Six Months Ended June 30, 2023 Exelon ComEd PECO BGE PHI Pepco DPL ACE Balance at December 31, 2022 $ 82 $ 17 $ 9 $ 10 $ 46 $ 25 $ 7 $ 14 Plus: Current period provision for expected credit losses 15 3 1 2 9 6 2 1 Less: Write-offs, net of recoveries 10 2 2 4 2 — — 2 Balance at June 30, 2023 $ 87 $ 18 $ 8 $ 8 $ 53 $ 31 $ 9 $ 13 _________ (a) For PECO and ComEd, the increase is primarily a result of increased aging of receivables. (b) For Pepco, the decrease is primarily a result of decreased receivable balances. (c) Recoveries were not material to the Registrants. Unbilled Customer Revenue The following table provides additional information about unbilled customer revenues recorded in the Registrants' Consolidated Balance Sheets at June 30, 2024 and December 31, 2023. Unbilled customer revenues (a) Exelon ComEd PECO BGE PHI Pepco DPL ACE June 30, 2024 $ 1,059 $ 425 $ 204 $ 179 $ 251 $ 110 $ 50 $ 91 December 31, 2023 991 351 185 208 247 109 64 74 __________ (a) Unbilled customer revenues are classified in Customer accounts receivable, net in the Registrants' Consolidated Balance Sheets. Other Purchases of Customer and Other Accounts Receivables For the six months ended June 30, 2024 and 2023 the Utility Registrants were required, under separate legislation and regulations in Illinois, Pennsylvania, Maryland, District of Columbia, Delaware, and New Jersey, to purchase certain receivables from alternative retail electric and, as applicable, natural gas suppliers that participated in the utilities' consolidated billing. The following table presents the total receivables purchased. Total receivables purchased Exelon ComEd PECO BGE PHI Pepco DPL ACE Six months ended June 30, 2024 $ 1,961 $ 450 $ 527 $ 393 $ 591 $ 375 $ 115 $ 101 Six months ended June 30, 2023 1,979 445 546 420 568 371 107 90 |
Income Taxes (All Registrants)
Income Taxes (All Registrants) | 6 Months Ended |
Jun. 30, 2024 | |
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, 2024 (a) Exelon ComEd (b) PECO (c) BGE (b) 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 % Increase (decrease) due to: State income taxes, net of federal income tax benefit 5.0 7.8 (1.3) 6.4 6.6 6.1 6.2 7.6 Plant basis differences (3.9) (0.8) (13.0) (1.8) (0.9) (1.5) (0.9) 0.2 Excess deferred tax amortization (13.2) (17.4) (2.3) (17.5) (3.8) (4.8) (6.6) (1.6) Amortization of investment tax credit, including deferred taxes on basis difference (0.1) (0.1) — — (0.1) — (0.1) (0.1) Tax credits (0.5) (0.5) — (0.5) (0.4) (0.4) (0.3) (0.2) Other 1.0 0.3 (1.2) 0.7 0.1 0.2 (0.3) 0.7 Effective income tax rate 9.3 % 10.3 % 3.2 % 8.3 % 22.5 % 20.6 % 19.0 % 27.6 % Three Months Ended June 30, 2023 (a) Exelon ComEd PECO (c) 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 % Increase (decrease) due to: State income taxes, net of federal income tax benefit 6.5 7.8 (1.2) 6.8 6.2 5.6 6.3 7.1 Plant basis differences (4.8) (0.6) (15.8) 0.1 (1.6) (2.6) (1.1) — Excess deferred tax amortization (7.4) (5.6) (2.4) (5.3) (8.0) (9.9) (9.9) (2.0) Amortization of investment tax credit, including deferred taxes on basis difference (0.1) (0.1) — (0.1) (0.1) — (0.1) (0.1) Tax credits (0.5) (0.3) — (0.4) (0.9) (1.1) (0.4) (0.3) Other 2.8 — 0.4 0.1 (0.3) 0.5 0.9 (0.7) Effective income tax rate 17.5 % 22.2 % 2.0 % 22.2 % 16.3 % 13.5 % 16.7 % 25.0 % __________ (a) Positive percentages represent income tax expense. Negative percentages represent income tax benefit. (b) For ComEd, the lower effective tax rate is primarily due to CEJA which resulted in the acceleration of certain income tax benefits. For BGE, the lower effective tax rate is primarily due to the Maryland multi-year plan which resulted in the acceleration of certain income tax benefits. (c) For PECO, the lower effective tax rate is primarily related to plant basis differences attributable to tax repair deductions. Six Months Ended June 30, 2024 (a) Exelon ComEd (b) PECO (c) BGE (b) 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 % Increase (decrease) due to: State income taxes, net of federal income tax benefit 5.8 7.8 (0.9) 6.3 6.5 6.1 6.2 7.4 Plant basis differences (3.9) (0.8) (12.5) (1.3) (0.9) (1.4) (1.0) 0.1 Excess deferred tax amortization (14.1) (18.0) (2.3) (17.5) (5.3) (6.8) (5.8) (1.5) Amortization of investment tax credit, including deferred taxes on basis difference (0.1) (0.1) — — (0.1) — (0.1) (0.1) Tax credits (0.5) (0.5) — (0.4) (0.4) (0.4) (0.3) (0.3) Other 0.8 0.2 (0.1) 0.2 0.1 0.2 (0.2) (0.1) Effective income tax rate 9.0 % 9.6 % 5.2 % 8.3 % 20.9 % 18.7 % 19.8 % 26.5 % Six Months Ended June 30, 2023 (a) Exelon ComEd PECO (c) 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 % Increase (decrease) due to: State income taxes, net of federal income tax benefit 6.2 7.8 (1.3) 6.4 6.1 5.5 6.3 6.9 Plant basis differences (4.3) (0.4) (15.4) (0.6) (1.7) (2.6) (1.0) (0.6) Excess deferred tax amortization (6.7) (5.6) (2.4) (5.4) (7.4) (9.1) (9.2) (2.0) Amortization of investment tax credit, including deferred taxes on basis difference (0.1) (0.1) — (0.1) (0.1) — (0.1) (0.1) Tax credits (0.5) (0.3) — (0.4) (0.6) (0.8) (0.4) (0.3) Other 1.3 0.1 — 0.3 — 0.5 0.1 0.1 Effective income tax rate 16.9 % 22.5 % 1.9 % 21.2 % 17.3 % 14.5 % 16.7 % 25.0 % __________ (a) Positive percentages represent income tax expense. Negative percentages represent income tax benefit. (b) For ComEd, the lower effective tax rate is primarily due to CEJA which resulted in the acceleration of certain income tax benefits. For BGE, the lower effective tax rate is primarily due to the Maryland multi-year plan which resulted in the acceleration of certain income tax benefits. (c) For PECO, the lower effective tax rate is primarily related to plant basis differences attributable to tax repair deductions. Unrecognized Tax Benefits Exelon, PHI and ACE have the following unrecognized tax benefits at June 30, 2024 and December 31, 2023. ComEd's, PECO's, BGE's, Pepco's, and DPL's amounts are not material. Exelon (a) PHI ACE June 30, 2024 $ 95 $ 51 $ 15 December 31, 2023 94 51 15 __________ (a) At June 30, 2024 and December 31, 2023, Exelon's unrecognized tax benefits is inclusive of $31 million related to Constellation's share of unrecognized tax benefits for periods prior to the separation. Exelon reflected an offsetting receivable of $31 million in Other deferred debits and other assets in the Consolidated Balance Sheet for these amounts. Other Tax Matters Tax Matters Agreement (Exelon) In connection with the separation, Exelon entered into a TMA with Constellation. The TMA governs the respective rights, responsibilities, and obligations between Exelon and Constellation after the separation with respect to tax liabilities, refunds and attributes for open tax years that Constellation was part of Exelon’s consolidated group for U.S. federal, state, and local tax purposes. Indemnification for Taxes. As a former subsidiary of Exelon, Constellation has joint and several liability with Exelon to the IRS and certain state jurisdictions relating to the taxable periods prior to the separation. The TMA specifies that Constellation is liable for their share of taxes required to be paid by Exelon with respect to taxable periods prior to the separation to the extent Constellation would have been responsible for such taxes under the existing Exelon tax sharing agreement. Tax Refunds. The TMA specifies that Constellation is entitled to their share of any future tax refunds claimed by Exelon with respect to taxable periods prior to the separation to the extent that Constellation would have received such tax refunds under the existing Exelon tax sharing agreement. Tax Attributes . At the date of separation certain tax attributes, primarily pre-closing tax credit carryforwards, that were generated by Constellation were required by law to be allocated to Exelon. The TMA provides that Exelon will reimburse Constellation when those allocated tax credit carryforwards are utilized. As of June 30, 2024, Exelon recorded a payable of $137 million and $193 million in Other current liabilities and Other deferred credits and other liabilities, respectively, in the Consolidated Balance Sheet for tax attribute carryforwards that are expected to be utilized and reimbursed to Constellation. Corporate Alternative Minimum Tax (All Registrants) On August 16, 2022, the IRA was signed into law and implements a new corporate alternative minimum tax (CAMT) that imposes a 15.0% tax on modified GAAP net income. Corporations are entitled to a tax credit (minimum tax credit) to the extent the CAMT liability exceeds the regular tax liability. This amount can be carried forward indefinitely and used in future years when regular tax exceeds the CAMT. Beginning in 2023, based on the existing statute, Exelon and each of the Utility Registrants will be subject to and will report the CAMT on a separate Registrant basis in the Consolidated Statements of Operations and Comprehensive Income and the Consolidated Balance Sheets. The deferred tax asset related to the minimum tax credit carryforward will be realized to the extent Exelon’s consolidated deferred tax liabilities exceed the minimum tax credit carryforward. Exelon’s deferred tax liabilities are expected to exceed the minimum tax credit carryforward for the foreseeable future and thus no valuation allowance is required. Exelon is continuing to assess the financial statement impacts of the IRA and will update estimates based on future guidance issued by the U.S. Treasury. Allocation of Income Taxes to Regulated Utilities In Q2 2024, the IRS issued a series of private letter rulings (PLR), to another taxpayer, providing guidance with respect to the application of the tax normalization rules to the allocation of consolidated tax benefits among the members of a consolidated group associated with NOLC for ratemaking purposes. The rulings provide that for ratemaking purposes the tax benefit of NOLC should be reflected on a separate company basis not taking into consideration any payments received for the utilization of losses by other affiliates under a tax sharing agreement. For the Registrants, the impact of these PLRs could result in a material reduction of the regulatory liability established for EDITs arising from the TCJA corporate tax rate change that are being amortized and flowed through to customers as well as a reduction in the accumulated deferred income taxes that reduce rate base for ratemaking purposes. A PLR issued to another taxpayer may not be relied on as precedent. However, Management is analyzing this guidance and plans to work collaboratively with Exelon's regulatory commissions to address potential impacts. The Registrants will record the impact, if any, after either obtaining approval from their regulatory commissions or upon receiving their own PLRs from the IRS. |
Retirement Benefits (All Regist
Retirement Benefits (All Registrants) | 6 Months Ended |
Jun. 30, 2024 | |
Retirement Benefits [Abstract] | |
Retirement Benefits (All Registrants) | Retirement Benefits (All Registrants) Defined Benefit Pension and OPEB The majority of the 2024 pension benefit cost for the Exelon-sponsored plans is calculated using an expected long-term rate of return on plan assets of 7.00% and a discount rate of 5.19%. The majority of the 2024 OPEB cost is calculated using an expected long-term rate of return on plan assets of 6.50% for funded plans and a discount rate of 5.17%. During the first quarter of 2024, Exelon received an updated valuation of its pension and OPEB to reflect actual census data as of January 1, 2024. This valuation resulted in an increase to the pension obligation of $98 million and a decrease to the OPEB obligation of $1 million. Additionally, AOCI increased by $25 million (after-tax) and regulatory assets and liabilities increased by $66 million and $2 million, respectively. A portion of the net periodic benefit cost for all plans is capitalized within the Consolidated Balance Sheets. The following tables present the components of Exelon's net periodic benefit costs, prior to capitalization, for the three and six months ended June 30, 2024 and 2023. Pension Benefits OPEB Three Months Ended June 30, Three Months Ended June 30, 2024 2023 2024 2023 Components of net periodic benefit cost Service cost $ 40 $ 38 $ 7 $ 6 Interest cost 141 144 24 26 Expected return on assets (184) (188) (21) (21) Amortization of: Prior service credit — — (2) (3) Actuarial loss (gain) 54 43 — (1) Net periodic benefit cost $ 51 $ 37 $ 8 $ 7 Pension Benefits OPEB Six Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Components of net periodic benefit cost Service cost $ 82 $ 77 $ 14 $ 12 Interest cost 282 289 48 51 Expected return on assets (368) (377) (42) (42) Amortization of: Prior service cost (credit) 1 1 (4) (5) Actuarial loss (gain) 107 84 — (1) Net periodic benefit cost $ 104 $ 74 $ 16 $ 15 The amounts below represent the Registrants' allocated pension and OPEB costs. For Exelon, the service cost component is included in Operating and maintenance expense and Property, plant, and equipment, net while the non-service cost components are included in Other, net and Regulatory assets. For the Utility Registrants, which apply multi-employer accounting, 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. Three Months Ended June 30, Six Months Ended June 30, Pension and OPEB Costs (Benefit) 2024 2023 2024 2023 Exelon $ 59 $ 44 $ 120 $ 89 ComEd 19 7 36 13 PECO — (4) — (7) BGE 16 14 31 28 PHI 23 25 46 49 Pepco 7 9 16 17 DPL 3 5 7 9 ACE 4 3 7 7 Defined Contribution Savings Plan The Registrants participate in a 401(k) defined contribution savings plan that is sponsored by Exelon. The plan is qualified under applicable sections of the IRC and allows 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 employer contributions and employer matching contributions to the savings plan for the three and six months ended June 30, 2024 and 2023. Three Months Ended June 30, Six Months Ended June 30, Savings Plan Employer Contributions 2024 2023 2024 2023 Exelon $ 29 $ 26 $ 51 $ 47 ComEd 10 10 20 19 PECO 5 4 8 7 BGE 3 3 6 5 PHI 6 5 8 8 Pepco 1 1 2 2 DPL 1 1 2 2 ACE 1 1 1 1 |
Derivative Financial Instrument
Derivative Financial Instruments (All Registrants) | 6 Months Ended |
Jun. 30, 2024 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Financial Instruments (All Registrants) | Derivative Financial Instruments (All Registrants) The Registrants use derivative instruments to manage commodity price risk and interest rate risk related to ongoing business operations. The Registrants do not execute derivatives for speculative or proprietary trading purposes. 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. At ComEd, derivative economic hedges related to commodities are recorded at fair value and offset by a corresponding regulatory asset or liability. At Exelon, derivative economic hedges related to interest rates are recorded at fair value and offsets are recorded to Electric operating revenues or Interest expense based on the activity the transaction is economically hedging. For all NPNS derivative instruments, accounts receivable or accounts payable are recorded when derivatives settle and revenue or expense is recognized in earnings as the underlying physical commodity is sold or consumed. At Exelon, derivative hedges that qualify and are designated as cash flow hedges are recorded at fair value and offsets are recorded to AOCI. ComEd’s use of cash collateral is generally unrestricted unless ComEd is 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 meets certain qualifications. Commodity Price Risk The Utility 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, which are either determined to be non-derivative or classified as economic hedges. 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 Electricity NPNS Fixed price contracts for default supply requirements through full requirements contracts. Gas NPNS Fixed price contracts to cover about 10% 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 purchases associated with forecasted gas supply requirements. 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 and index priced contracts through full requirements contracts. Gas Changes in fair value of economic hedge recorded to an offsetting regulatory asset or liability (b) Exchange traded future contracts for up to 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 3 — Regulatory Matters of the 2023 Form 10-K for additional information. (b) The fair value of the DPL economic hedge is not material at June 30, 2024 and December 31, 2023. The fair value of derivative economic hedges is presented in Other current assets and current and noncurrent Mark-to-market derivative liabilities in Exelon's and ComEd's Consolidated Balance Sheets. Interest Rate and Other Risk (Exelon) Exelon Corporate uses a combination of fixed-rate and variable-rate debt to manage interest rate exposure. Exelon Corporate may utilize interest rate derivatives to lock in rate levels in anticipation of future financings, which are typically designated as cash flow hedges. In addition, Exelon Corporate utilized interest rate swaps to manage interest rate exposure and manage potential fluctuations in Electric operating revenues at the corporate level in consolidation. These interest rate swaps are accounted for as economic hedges. A hypothetical 50 basis point change in the interest rates associated with Exelon's interest rate swaps as of June 30, 2024 would result in an immaterial impact to Exelon's Consolidated Net Income. Below is a summary of the interest rate hedge balances at June 30, 2024 and December 31, 2023 . June 30, 2024 Derivatives Designated Economic Hedges Total Other deferred debits (noncurrent assets) $ 4 $ — $ 4 Total derivative assets 4 — 4 Mark-to-market derivative liabilities (noncurrent liabilities) (5) — (5) Total mark-to-market derivative liabilities (5) — (5) Total mark-to-market derivative net liabilities $ (1) $ — $ (1) December 31, 2023 Derivatives Designated Economic Hedges Total Other current assets $ 11 $ 1 $ 12 Total derivative assets 11 1 12 Mark-to-market derivative liabilities (current liabilities) (24) (22) (46) Total mark-to-market derivative liabilities (24) (22) (46) Total mark-to-market derivative net liabilities $ (13) $ (21) $ (34) Cash Flow Hedges (Interest Rate Risk) For derivative instruments that qualify and are designated as cash flow hedges, the changes in fair value each period are initially recorded in AOCI and reclassified into earnings when the underlying transaction affects earnings. In February 2024, Exelon terminated the previously issued floating-to-fixed swaps with a total notional of $1.3 billion upon issuance of $1.7 billion of debt. See Note 9 – Debt and Credit Agreements for additional information on the debt issuance. Prior to the termination, the 2024 year-to-date AOCI derivative gain was $33 million (net of tax). The settlements resulted in a cash receipt of $30 million. The accumulated AOCI gain of $23 million (net of tax) is being amortized into Interest expense in Exelon's Consolidated Statement of Operations and Comprehensive Income over the 5-year and 10-year terms of the swaps. During the second quarter of 2024, Exelon Corporate entered into $252 million notional of 5-year maturity floating-to-fixed swaps and $253 million notional of 10-year maturity floating-to-fixed swaps, for a total notional of $505 million designated as cash flow hedges. The following table provides the notional amounts outstanding held by Exelon at June 30, 2024 and December 31, 2023. June 30, 2024 December 31, 2023 5-year maturity floating-to-fixed swaps $ 397 $ 655 10-year maturity floating-to-fixed swaps 398 655 Total $ 795 $ 1,310 The related AOCI derivative gains for the three and six months ended June 30, 2024 and 2023 were immaterial, respectively. See Note 13 – Changes in Accumulated Other Comprehensive Income (Loss) for additional information. Economic Hedges (Interest Rate and Other Risk) Exelon Corporate executes derivative instruments to mitigate exposure to fluctuations in interest rates but for which the fair value or cash flow hedge elections were not made. For derivatives intended to serve as economic hedges, fair value is recorded on the balance sheet and changes in fair value each period are recognized in earnings or as a regulatory asset or liability, if regulatory requirements are met, each period. Exelon Corporate entered into floating-to-fixed interest rate cap swaps to manage a portion of interest rate exposure in connection with existing borrowings. As of December 31, 2023, Exelon held $1,000 million notional of floating-to-fixed interest rate cap swaps, which matured in March 2024. Exelon received payments on the interest rate cap when the floating rate exceeded the fixed rate. Settlements received were immaterial. Additionally, to manage potential fluctuations in Electric operating revenues related to ComEd's distribution formula rate, Exelon Corporate entered into a total $4,875 million of notional of 30-year constant maturity treasury interest rate (Corporate 30-year treasury) swaps from 2022 through 2023. The Corporate 30-year treasury swaps matured on December 31, 2023 and Exelon recorded a Mark-to-market liability of $22 million for the final settlement amount, which was paid in January 2024. Exelon Corporate recognized the following net pre-tax mark-to-market (losses) which are also recognized in Net fair value changes related to derivatives in Exelon's Consolidated Statements of Cash Flows. Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 Income Statement Location Gain (Loss) Gain (Loss) Electric operating revenues $ — $ (6) Interest expense — 2 Total $ — $ (4) Credit Risk 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. 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. The amount of cash collateral received from external counterparties remained relatively consistent as of June 30, 2024 due to stable energy prices. The following table reflects the Registrants' cash collateral held from external counterparties, which is recorded in Other current liabilities on their respective Consolidated Balance Sheets, as of June 30, 2024 and December 31, 2023: June 30, 2024 December 31, 2023 Exelon $ 161 $ 148 ComEd 158 146 PECO (a) — — BGE 1 1 PHI 3 1 Pepco 1 1 DPL (b) — — ACE 2 — __________ (a) PECO had less than one million in cash collateral held with external parties at June 30, 2024 and December 31, 2023. (b) DPL had less than one million in cash collateral held with external parties at June 30, 2024 and December 31, 2023 |
Debt and Credit Agreements (All
Debt and Credit Agreements (All Registrants) | 6 Months Ended |
Jun. 30, 2024 | |
Debt Disclosure [Abstract] | |
Debt and Credit Agreements (All Registrants) | Debt and Credit Agreements (All Registrants) Short-Term Borrowings Exelon Corporate, ComEd, and BGE meet their short-term liquidity requirements primarily through the issuance of commercial paper. PECO meets its short-term liquidity requirements primarily through the issuance of commercial paper and borrowings from the Exelon intercompany money pool. Pepco, DPL, and ACE meet their short-term liquidity requirements primarily through the issuance of commercial paper and borrowings from the PHI intercompany money pool. PHI Corporate meets its short-term liquidity requirements primarily through the issuance of short-term notes and borrowings from 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 supported by the revolving credit agreements at June 30, 2024 and December 31, 2023. Outstanding Commercial Average Interest Rate on Commercial Paper Issuer June 30, 2024 December 31, 2023 June 30, 2024 December 31, 2023 Exelon (a) $ 954 $ 1,624 5.51 % 5.58 % ComEd $ 78 $ 202 5.41 % 5.53 % PECO $ 260 $ 165 5.43 % 5.57 % BGE $ — $ 336 — % 5.59 % PHI (b) $ — $ 394 — % 5.60 % Pepco $ — $ 132 — % 5.59 % DPL $ — $ 63 — % 5.60 % ACE $ — $ 199 — % 5.60 % __________ (a) Exelon Corporate had $616 million and $527 million in outstanding commercial paper borrowings at June 30, 2024 and December 31, 2023, respectively. (b) Represents the consolidated amounts of Pepco, DPL, and ACE. Revolving Credit Agreements Exelon Corporate and the Utility Registrants each have a 5-year revolving credit facility. The following table reflects the credit agreements: Borrower Aggregate Bank Commitment Interest Rate Exelon Corporate $ 900 SOFR plus 1.275 % ComEd $ 1,000 SOFR plus 1.000 % PECO $ 600 SOFR plus 0.900 % BGE $ 600 SOFR plus 0.900 % Pepco $ 300 SOFR plus 1.075 % DPL $ 300 SOFR plus 1.000 % ACE $ 300 SOFR plus 1.000 % Exelon Corporate and the Utility Registrants had no outstanding amounts on the revolving credit facilities as of June 30, 2024. The Utility Registrants have credit facility agreements, arranged at minority and community banks, which are solely utilized to issue letters of credit. The facility agreements have aggregate commitments of $40 million, $40 million, $15 million, $15 million, $15 million, and $15 million, at ComEd, PECO, BGE, Pepco, DPL, and ACE, respectively. These facilities expire on October 4, 2024. See Note 16 — Debt and Credit Agreements of the 2023 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. The loan agreement was renewed in the first quarter of 2024 and was bifurcated into two tranches of $350 million and $150 million on March 14, 2024. The agreements will expire on March 14, 2025. Pursuant to the loan agreements, loans made thereunder bear interest at a variable rate equal to SOFR plus 1.05% and all indebtedness thereunder is unsecured. The loan agreement is reflected in Exelon's Consolidated Balance Sheets within Short-term borrowings. On May 9, 2023, ComEd entered into a 364-day term loan agreement for $400 million with a variable rate equal to SOFR plus 1.00% and an expiration date of May 7, 2024. On May 1, 2024, ComEd entered into an agreement to extend the loan through the expiration date of June 28, 2024. The original proceeds from the loan were used to repay outstanding commercial paper obligations and for general corporate purposes. The balance of the loan was repaid on May 16, 2024. Refer to the Issuance of Long-term Debt Table below for further information. Long-Term Debt Issuance of Long-Term Debt During the six months ended June 30, 2024, the following long-term debt was issued: Company Type Interest Rate Maturity Amount Use of Proceeds Exelon Notes 5.15% March 15, 2029 $650 Repay Exelon SMBC Term Loan, outstanding commercial paper, and for general corporate purposes. Exelon Notes 5.45% March 15, 2034 $650 Repay Exelon SMBC Term Loan, outstanding commercial paper, and for general corporate purposes. Exelon Notes 5.60% March 15, 2053 $400 Repay Exelon SMBC Term Loan, outstanding commercial paper, and for general corporate purposes. ComEd First Mortgage Bonds 5.30% June 1, 2034 $400 Repay existing indebtedness, repay outstanding commercial paper obligations, and to fund other general corporate purposes. ComEd First Mortgage Bonds 5.65% June 1, 2054 $400 Repay existing indebtedness, repay outstanding commercial paper obligations, and to fund other general corporate purposes. BGE Notes 5.30% June 1, 2034 $400 Repay outstanding commercial paper obligations and for general corporate purposes BGE Notes 5.65% June 1, 2054 $400 Repay outstanding commercial paper obligations and for general corporate purposes Pepco First Mortgage Bonds 5.20% March 15, 2034 $375 Refinance existing indebtedness, refinance outstanding commercial paper obligations, and for general corporate purposes. Pepco First Mortgage Bonds 5.50% March 15, 2054 $300 Refinance existing indebtedness, refinance outstanding commercial paper obligations, and for general corporate purposes. DPL First Mortgage Bonds 5.24% March 20, 2034 $100 Repay existing indebtedness and for general corporate purposes. DPL First Mortgage Bonds 5.55% March 20, 2054 $75 Repay existing indebtedness and for general corporate purposes. ACE (a) First Mortgage Bonds 5.55% March 20, 2054 $75 Repay existing indebtedness and for general corporate purposes. __________ (a) On March 20, 2024, ACE entered into a purchase agreement of First Mortgage Bonds of $75 million and $100 million at 5.29% and 5.49% due on August 28, 2034 and August 28, 2039, respectively. The closing date of the issuance is expected to occur in August 2024. Debt Covenants As of June 30, 2024, the Registrants are in compliance with debt covenants. |
Fair Value of Financial Assets
Fair Value of Financial Assets and Liabilities (All Registrants) | 6 Months Ended |
Jun. 30, 2024 | |
Fair Value Disclosures [Abstract] | |
Fair Value of Financial Assets and Liabilities (All Registrants) | Fair Value of Financial Assets and Liabilities (All Registrants) Exelon 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 17 — Fair Value of Financial Assets and Liabilities of the 2023 Form 10-K. 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, and trust preferred securities (long-term debt to financing trusts or junior subordinated debentures) as of June 30, 2024 and December 31, 2023. The Registrants have no financial liabilities measured using the NAV practical expedient. The carrying amounts of the Registrants’ short-term liabilities as presented in their Consolidated Balance Sheets are representative of their fair value (Level 2) because of the short-term nature of these instruments. June 30, 2024 December 31, 2023 Carrying Amount Fair Value Carrying Amount Fair Value Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Long-Term Debt, including amounts due within one year (a) Exelon $ 44,347 $ — $ 35,380 $ 3,559 $ 38,939 $ 41,095 $ — $ 33,804 $ 3,442 $ 37,246 ComEd 12,276 — 10,530 — 10,530 11,486 — 10,210 — 10,210 PECO 5,135 — 4,289 — 4,289 5,134 — 4,562 — 4,562 BGE 5,394 — 4,693 — 4,693 4,602 — 4,145 — 4,145 PHI 9,148 — 4,288 3,559 7,847 8,648 — 4,160 3,442 7,602 Pepco 4,362 — 2,489 1,545 4,034 4,096 — 2,311 1,600 3,911 DPL 2,254 — 661 1,257 1,918 2,080 — 694 1,134 1,828 ACE 1,909 — 929 757 1,686 1,833 — 939 708 1,647 Long-Term Debt to Financing Trusts Exelon $ 390 $ — $ — $ 390 $ 390 $ 390 $ — $ — $ 390 $ 390 ComEd 206 — — 203 203 205 — — 208 208 PECO 184 — — 187 187 184 — — 182 182 __________ (a) Includes unamortized debt issuance costs, unamortized debt discount and premium, net, purchase accounting fair value adjustments, and finance lease liabilities which are not fair valued. Refer to Note 16 — Debt and Credit Agreements of the 2023 Form 10-K for unamortized debt issuance costs, unamortized debt discount and premium, net, and purchase accounting fair value adjustments and Note 10 — Leases of the 2023 Form 10-K for finance lease liabilities. 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 at June 30, 2024 and December 31, 2023. Exelon and the Utility Registrants have immaterial and no financial assets or liabilities measured using the NAV practical expedient, respectively: Exelon At June 30, 2024 At December 31, 2023 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets Cash equivalents (a) $ 1,226 $ — $ — $ 1,226 $ 618 $ — $ — $ 618 Rabbi trust investments Cash equivalents 90 — — 90 67 — — 67 Mutual funds 59 — — 59 53 — — 53 Fixed income — 7 — 7 — 7 — 7 Life insurance contracts — 67 23 90 — 61 43 104 Rabbi trust investments subtotal 149 74 23 246 120 68 43 231 Interest rate derivative assets Derivatives designated as hedging instruments — 4 — 4 — 11 — 11 Economic hedges — — — — — 1 — 1 Interest rate derivative assets subtotal — 4 — 4 — 12 — 12 Total assets 1,375 78 23 1,476 738 80 43 861 Liabilities Commodity derivative liabilities — — (139) (139) — — (133) (133) Interest rate derivative liabilities Derivatives designated as hedging instruments — (5) — (5) — (24) — (24) Economic hedges — — — — — (22) — (22) Interest rate derivative liabilities subtotal — (5) — (5) — (46) — (46) Deferred compensation obligation — (69) — (69) — (75) — (75) Total liabilities — (74) (139) (213) — (121) (133) (254) Total net assets (liabilities) $ 1,375 $ 4 $ (116) $ 1,263 $ 738 $ (41) $ (90) $ 607 __________ (a) Exelon excludes cash of $151 million and $334 million at June 30, 2024 and December 31, 2023, respectively, and restricted cash of $158 million and $149 million at June 30, 2024 and December 31, 2023, respectively, and includes long-term restricted cash of $71 million and $174 million at June 30, 2024 and December 31, 2023, respectively, which is reported in Other deferred debits and other assets in the Consolidated Balance Sheets. ComEd, PECO, and BGE ComEd PECO BGE At June 30, 2024 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) $ 634 $ — $ — $ 634 $ 11 $ — $ — $ 11 $ 418 $ — $ — $ 418 Rabbi trust investments Mutual funds — — — — 10 — — 10 9 — — 9 Life insurance contracts — — — — — 19 — 19 — — — — Rabbi trust investments subtotal — — — — 10 19 — 29 9 — — 9 Total assets 634 — — 634 21 19 — 40 427 — — 427 Liabilities Commodity derivative liabilities (b) — — (139) (139) — — — — — — — — Deferred compensation obligation — (8) — (8) — (7) — (7) — (4) — (4) Total liabilities — (8) (139) (147) — (7) — (7) — (4) — (4) Total net assets (liabilities) $ 634 $ (8) $ (139) $ 487 $ 21 $ 12 $ — $ 33 $ 427 $ (4) $ — $ 423 ComEd PECO BGE At December 31, 2023 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) $ 453 $ — $ — $ 453 $ 9 $ — $ — $ 9 $ — $ — $ — $ — Rabbi trust investments Mutual funds — — — — 9 — — 9 9 — — 9 Life insurance contracts — — — — — 18 — 18 — — — — Rabbi trust investments subtotal — — — — 9 18 — 27 9 — — 9 Total assets 453 — — 453 18 18 — 36 9 — — 9 Liabilities Commodity derivative liabilities (b) — — (133) (133) — — — — — — — — Deferred compensation obligation — (8) — (8) — (8) — (8) — (4) — (4) Total liabilities — (8) (133) (141) — (8) — (8) — (4) — (4) Total net assets (liabilities) $ 453 $ (8) $ (133) $ 312 $ 18 $ 10 $ — $ 28 $ 9 $ (4) $ — $ 5 __________ (a) ComEd excludes cash of $51 million and $86 million at June 30, 2024 and December 31, 2023, respectively, and restricted cash of $158 million and $147 million at June 30, 2024 and December 31, 2023, respectively. Additionally, ComEd includes long-term restricted cash of $71 million and $174 million at June 30, 2024 and December 31, 2023, respectively, which is reported in Other deferred debits and other assets in the Consolidated Balance Sheets. PECO excludes cash of $17 million and $42 million at June 30, 2024 and December 31, 2023, respectively. BGE excludes cash of $10 million and $47 million at June 30, 2024 and December 31, 2023, respectively, and restricted cash of zero and $1 million at June 30, 2024 and December 31, 2023, respectively. (b) The Level 3 balance consists of the current and noncurrent liability of $23 million and $116 million, respectively, at June 30, 2024 and $27 million and $106 million, respectively, at December 31, 2023 related to floating-to-fixed energy swap contracts with unaffiliated suppliers. PHI, Pepco, DPL, and ACE At June 30, 2024 At December 31, 2023 PHI Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets Cash equivalents (a) $ 97 $ — $ — $ 97 $ 107 $ — $ — $ 107 Rabbi trust investments Cash equivalents 87 — — 87 64 — — 64 Mutual funds 10 — — 10 9 — — 9 Fixed income — 7 — 7 — 7 — 7 Life insurance contracts — 22 22 44 — 21 41 62 Rabbi trust investments subtotal 97 29 22 148 73 28 41 142 Total assets 194 29 22 245 180 28 41 249 Liabilities Deferred compensation obligation — (11) — (11) — (13) — (13) Total liabilities — (11) — (11) — (13) — (13) Total net assets $ 194 $ 18 $ 22 $ 234 $ 180 $ 15 $ 41 $ 236 Pepco DPL ACE At June 30, 2024 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) $ 21 $ — $ — $ 21 $ 45 $ — $ — $ 45 $ — $ — $ — $ — Rabbi trust investments Cash equivalents 87 — — 87 — — — — — — — — Life insurance contracts — 22 22 44 — — — — — — — — Rabbi trust investments subtotal 87 22 22 131 — — — — — — — — Total assets 108 22 22 152 45 — — 45 — — — — Liabilities Deferred compensation obligation — (1) — (1) — — — — — — — — Total liabilities — (1) — (1) — — — — — — — — Total net assets $ 108 $ 21 $ 22 $ 151 $ 45 $ — $ — $ 45 $ — $ — $ — $ — Pepco DPL ACE At December 31, 2023 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) $ 23 $ — $ — $ 23 $ 1 $ — $ — $ 1 $ — $ — $ — $ — Rabbi trust investments Cash equivalents 63 — — 63 — — — — — — — — Life insurance contracts — 21 41 62 — — — — — — — — Rabbi trust investments subtotal 63 21 41 125 — — — — — — — — Total assets 86 21 41 148 1 — — 1 — — — — Liabilities Deferred compensation obligation — (1) — (1) — — — — — — — — Total liabilities — (1) — (1) — — — — — — — — Total net assets $ 86 $ 20 $ 41 $ 147 $ 1 $ — $ — $ 1 $ — $ — $ — $ — __________ (a) PHI excludes cash of $44 million and $96 million at June 30, 2024 and December 31, 2023, respectively, and restricted cash of zero and $1 million at June 30, 2024 and December 31, 2023, respectively. Pepco excludes cash of $19 million and $48 million at June 30, 2024 and December 31, 2023, respectively, and restricted cash of zero and $1 million at June 30, 2024 and December 31, 2023, respectively. DPL excludes cash of $6 million and $15 million at June 30, 2024 and December 31, 2023, respectively. ACE excludes cash of $15 million and $21 million at June 30, 2024 and December 31, 2023, respectively. Reconciliation of Level 3 Assets and Liabilities 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, 2024 and 2023: Exelon ComEd PHI and Pepco Three Months Ended June 30, 2024 Total Commodity Life Insurance Contracts Balance at March 31, 2024 $ (65) $ (108) $ 41 Total realized / unrealized gains (losses) Included in net income (a) 1 — 2 Included in regulatory assets/liabilities (31) (31) (b) — Purchases, sales, and settlements Settlements (21) — (21) Balance at June 30, 2024 $ (116) $ (139) (c) $ 22 The amount of total gains included in income attributed to the change in unrealized gains related to assets and liabilities at June 30, 2024 $ 2 $ — $ 2 Exelon ComEd PHI and Pepco Three Months Ended June 30, 2023 Total Commodity Life Insurance Contracts Balance at March 31, 2023 $ (57) $ (98) $ 41 Total realized / unrealized gains (losses) Included in net income (a) 1 — 1 Included in regulatory assets/liabilities (35) (35) (b) — Balance at June 30, 2023 $ (91) $ (133) $ 42 The amount of total gains included in income attributed to the change in unrealized gains related to assets and liabilities at June 30, 2023 $ 1 $ — $ 1 Exelon ComEd PHI and Pepco Six Months Ended June 30, 2024 Total Commodity Life Insurance Contracts Balance at December 31, 2023 $ (90) $ (133) $ 41 Total realized / unrealized gains (losses) Included in net income (a) 1 — 2 Included in regulatory assets/liabilities (6) (6) (b) — Purchases, sales, and settlements Settlements (21) — (21) Balance at June 30, 2024 $ (116) $ (139) (c) $ 22 The amount of total gains included in income attributed to the change in unrealized gains related to assets and liabilities at June 30, 2024 $ 2 $ — $ 2 Exelon ComEd PHI and Pepco Six Months Ended June 30, 2023 Total Commodity Life Insurance Contracts Balance at December 31, 2022 $ (44) $ (84) $ 40 Total realized / unrealized gains (losses) Included in net income (a) 2 — 2 Included in regulatory assets/liabilities (49) (49) (b) — Balance at June 30, 2023 $ (91) $ (133) $ 42 The amount of total gains included in income attributed to the change in unrealized gain related to assets and liabilities at June 30, 2023 $ 2 $ — $ 2 __________ (a) Classified in Operating and maintenance expense in the Consolidated Statements of Operations and Comprehensive Income. (b) Includes $43 million of decreases in fair value and an increase for realized gains due to settlements of $12 million recorded in Purchased power expense associated with floating-to-fixed energy swap contracts with unaffiliated suppliers for the three months ended June 30, 2024. Includes $43 million of decreases in fair value and an increase for realized gains 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, 2023. Includes $30 million of decreases in fair value and an increase for realized gains due to settlements of $24 million recorded in Purchased power expense associated with floating-to-fixed energy swap contracts with unaffiliated suppliers for the six months ended June 30, 2024. Includes $68 million of decreases in fair value and an increase for realized losses due to settlements of $19 million recorded in Purchased power expense associated with floating-to-fixed energy swap contracts with unaffiliated suppliers for the six months ended June 30, 2023. (c) The balance of the current and noncurrent asset was effectively zero as of June 30, 2024. The balance consists of a current and noncurrent liability of $23 million and $116 million, respectively, as of June 30, 2024. Commodity Derivatives (Exelon and ComEd) The table below discloses the significant unobservable inputs to the forward curve used to value mark-to-market derivatives. Type of trade Fair Value at June 30, 2024 Fair Value at December 31, 2023 Valuation Unobservable 2024 Range & Arithmetic Average 2023 Range & Arithmetic Average Commodity derivatives $ (139) $ (133) Discounted Forward power price (a) $22.68 - $58.69 $40.49 $30.27 - $73.71 $43.35 ________ (a) An increase to the forward power price would increase the fair value. |
Commitments and Contingencies (
Commitments and Contingencies (All Registrants) | 6 Months Ended |
Jun. 30, 2024 | |
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 18 — Commitments and Contingencies of the 2023 Form 10-K. Commitments PHI Merger Commitments (Exelon, PHI, Pepco, DPL, and ACE). Approval of the PHI Merger in Delaware, New Jersey, Maryland, and the District of Columbia was conditioned upon Exelon and PHI agreeing to certain commitments. The following amounts represent total commitment costs that have been recorded since the acquisition date and the total remaining obligations for Exelon, PHI, Pepco, DPL, and ACE at June 30, 2024: Description Exelon PHI Pepco DPL ACE Total commitments $ 513 $ 320 $ 120 $ 89 $ 111 Remaining commitments (a) 31 28 25 2 1 __________ (a) Remaining commitments extend through 2026 and include escrow funds, charitable contributions, and rate credits. Commercial Commitments (All Registrants). The Registrants’ commercial commitments at June 30, 2024, representing commitments potentially triggered by future events were as follows: Expiration within Total 2024 2025 2026 2027 2028 2029 and beyond Exelon Letters of credit (a) $ 30 $ 17 $ 13 $ — $ — $ — $ — Surety bonds (b) 194 160 32 — 2 — — Financing trust guarantees (c) 378 — — — — 78 300 Guaranteed lease residual values (d) 26 — 3 5 4 6 8 Total commercial commitments $ 628 $ 177 $ 48 $ 5 $ 6 $ 84 $ 308 ComEd Letters of credit (a) $ 17 $ 9 $ 8 $ — $ — $ — $ — Surety bonds (b) 36 29 5 — 2 — — Financing trust guarantees (c) 200 — — — — — 200 Total commercial commitments $ 253 $ 38 $ 13 $ — $ 2 $ — $ 200 PECO Letters of credit (a) $ 2 $ — $ 2 $ — $ — $ — $ — Surety bonds (b) 2 1 1 — — — — Financing trust guarantees (c) 178 — — — — 78 100 Total commercial commitments $ 182 $ 1 $ 3 $ — $ — $ 78 $ 100 BGE Letters of credit (a) $ 8 $ 6 $ 2 $ — $ — $ — $ — Surety bonds (b) 3 1 2 — — — — Total commercial commitments $ 11 $ 7 $ 4 $ — $ — $ — $ — PHI Surety bonds (b) $ 96 $ 77 $ 19 $ — $ — $ — $ — Guaranteed lease residual values (d) 26 — 3 5 4 6 8 Total commercial commitments $ 122 $ 77 $ 22 $ 5 $ 4 $ 6 $ 8 Pepco Surety bonds (a) $ 85 $ 71 $ 14 $ — $ — $ — $ — Guaranteed lease residual values (d) 9 — 1 2 1 2 3 Total commercial commitments $ 94 $ 71 $ 15 $ 2 $ 1 $ 2 $ 3 DPL Surety bonds (b) $ 6 $ 3 $ 3 $ — $ — $ — $ — Guaranteed lease residual values (d) 10 — 1 2 2 2 3 Total commercial commitments $ 16 $ 3 $ 4 $ 2 $ 2 $ 2 $ 3 ACE Surety bonds (b) $ 5 $ 3 $ 2 $ — $ — $ — $ — Guaranteed lease residual values (d) 7 — 1 1 1 2 2 Total commercial commitments $ 12 $ 3 $ 3 $ 1 $ 1 $ 2 $ 2 __________ (a) Exelon and certain of its subsidiaries maintain non-debt letters of credit to provide credit support for certain transactions as requested by third parties. (b) Surety bonds—Guarantees issued related to contract and commercial agreements, excluding bid bonds. Historically, payments under the guarantees have not been made and the likelihood of payments being required is remote. (c) Reflects guarantee of ComEd and PECO securities held by ComEd Financing III, PECO Trust III, and PECO Trust IV. (d) Represents the maximum potential obligation in the event 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 9 years. The maximum potential obligation at the end of the minimum lease term would be $59 million guaranteed by Exelon and PHI, of which $20 million, $23 million, and $16 million is guaranteed by Pepco, DPL, and ACE, respectively. Historically, payments under the guarantees have not been made and PHI believes the likelihood of payments being required under the guarantees is remote. 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 on the Registrants' financial statements. MGP Sites (All Registrants). 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 some sites, there are additional PRPs that may share responsibility for the ultimate remediation of each location. • ComEd has 16 sites 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 2031. • PECO has 6 sites 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 2025. • BGE has 4 sites that currently require some level of remediation and/or ongoing activity. BGE expects the majority of the remediation at these sites to continue through at least 2025. • DPL has 1 site that is currently 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 a PAPUC order, are currently recovering environmental remediation costs of former MGP facility sites through customer rates. 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. At June 30, 2024 and December 31, 2023, the Registrants had accrued the following undiscounted amounts for environmental liabilities in Accrued expenses, Other current liabilities, and Other deferred credits and other liabilities in their respective Consolidated Balance Sheets: June 30, 2024 December 31, 2023 Total Environmental Portion of Total Related to Total Environmental Portion of Total Related to Exelon $ 406 $ 319 $ 428 $ 338 ComEd 284 283 303 302 PECO 27 25 27 25 BGE 14 11 14 11 PHI 75 — 81 — Pepco 74 — 79 — DPL 1 — 1 — ACE — — 1 — Benning Road Site (Exelon, PHI, and Pepco) . In September 2010, PHI received a letter from the 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, which is owned by Pepco, was formerly the location of an electric generating facility owned by Pepco subsidiary, Pepco Energy Services (PES), which became a part of Generation following the 2016 merger between PHI and Exelon. This generating facility was deactivated in June 2012. 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 (hereinafter "Pepco Entities") with the DOEE, which requires the Pepco Entities to conduct a Remedial Investigation and Feasibility Study (RI/FS) for the Benning Road site and an approximately 10 to 15-acre portion of the adjacent Anacostia River. The purpose of this RI/FS is to define the nature and extent of contamination from the Benning Road site and to evaluate remedial alternatives. Pursuant to an internal agreement between the Pepco Entities, since 2013, Pepco has performed the work required by the Consent Decree and has been reimbursed for that work by an agreed upon allocation of costs between the Pepco Entities. In September 2019, the Pepco Entities issued a draft “final” RI report which the DOEE approved on February 3, 2020. The Pepco Entities are completing a FS to evaluate possible remedial alternatives for submission to the DOEE. In October 2022, the DOEE approved dividing the work to complete the landside portion of the FS from the waterside portion to expedite the overall schedule for completion of the project. The landside FS was approved by the DOEE on March 15, 2024, and the waterside FS is scheduled to be complete and approved by the DOEE by the end of the fourth quarter of 2024. Following the completion of each FS, the DOEE will issue a Proposed Plan for public comment and then issue a Record of Decision (ROD) identifying the remedial actions determined to be necessary for the area in question. On October 3, 2023, the DOEE and Pepco entered into an addendum to the Benning Consent Decree pursuant to which Pepco has agreed to fund or perform the remedial actions to be selected by the DOEE for the landside and waterside areas. This addendum to the Benning Consent Decree was entered by the Court on February 27, 2024 and became effective on that date. As part of the separation between Exelon and Constellation in February 2022, the internal agreement between the Pepco Entities for completion and payment for the remaining Consent Decree work was memorialized in a formal agreement for post-separation activities. A second post-separation assumption agreement between Exelon and Constellation transferred any of the potential remaining remediation liability, if any, of PES/Generation to a non-utility subsidiary of Exelon which going forward will be responsible for those liabilities. Exelon, PHI, and Pepco 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 Road site RI/FS being performed by the Pepco Entities, the DOEE and NPS have been conducting a separate RI/FS focused on the entire tidal reach of the Anacostia River extending from just north of the Maryland-District of Columbia boundary line to the confluence of the Anacostia and Potomac Rivers. The riverwide RI incorporated the results of the river sampling performed by the Pepco Entities 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 the DOEE’s contractor. On September 30, 2020, the DOEE released its Interim ROD for the Anacostia River sediments. The Interim ROD reflects an adaptive management approach which will require several identified “hot spots” in the river to be addressed first while continuing to conduct studies and to monitor the river to evaluate improvements and determine potential future remediation plans. The adaptive management process chosen by the DOEE is less intrusive, provides more long-term environmental certainty, is less costly, and allows for site specific remediation plans already underway, including the plan for the Benning Road site to proceed to conclusion. On July 15, 2022, Pepco received a letter from the District of Columbia's Office of the Attorney General (D.C. OAG) on behalf of the DOEE conveying a settlement offer to resolve all PRPs' liability to the District of Columbia (District) for their past costs and their anticipated future costs to complete the work for the Interim ROD. Pepco responded on July 27, 2022 agreeing to enter into settlement discussions. On October 3, 2023, Pepco and the District entered into another consent decree (the “Anacostia River Consent Decree”) pursuant to which Pepco agreed to pay $47 million to resolve its liability to the District for all past costs to perform the riverwide RI/FS and all future costs to complete the work required by the Interim ROD. This amount will be paid in four equal annual installments beginning a year after the effective date of the Anacostia River Consent Decree. The funds will be deposited into the DOEE’s Clean Land Fund for the District’s costs of the Interim ROD work. The Anacostia River Consent Decree caps Pepco’s liability for these costs and provides Pepco with the right to seek contributions from other potentially responsible parties. The Anacostia River Consent Decree was signed by the judge for the U.S. District Court for the District of Columbia and became effective on April 11, 2024. Exelon, PHI, and Pepco have accrued a liability for Pepco’s payment obligations under the Anacostia Consent Decree and management's best estimate of its share of any other future Anacostia River response costs. Pepco has concluded that incremental exposure remains reasonably possible, but management cannot reasonably estimate a range of loss beyond the amounts recorded, which are included in the table above. In addition to the activities associated with the remedial process outlined above, CERCLA separately requires federal and state (here including Washington, D.C.) Natural Resource Trustees (federal or state agencies designated by the President or the relevant state, respectively, or Indian tribes) to conduct an assessment of any damages to natural resources within their jurisdiction as a result of the contamination that is being remediated. The Trustees can seek compensation from responsible parties for such damages, including restoration costs. During the second quarter of 2018, Pepco became aware that the Trustees are in the beginning stages of a NRD assessment, a 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 NRD process, Pepco cannot reasonably estimate the final range of loss potentially resulting from this process. As noted in the Benning Road Site disclosure above, as part of the separation of Exelon and Constellation in February 2022, an assumption agreement was executed transferring any potential future remediation liabilities associated with the Benning Site remediation to a non-utility subsidiary of Exelon. Similarly, any potential future liability associated with the Anacostia River Sediment Project was also assumed by this entity. Buzzard Point Site (Exelon, PHI, and Pepco). On December 8, 2022, Pepco received a letter from the D.C. OAG, alleging wholly past violations of the District's stormwater discharge and waste disposal requirements related to operations at the Buzzard Point facility, a 9-acre parcel of waterfront property in Washington, D.C. occupied by an active substation and former steam plant building. The letter also alleged wholly past violations by Pepco of stormwater discharge requirements related to its district-wide system of underground vaults. On October 3, 2023, Pepco entered into a Consent Order with the District of Columbia to resolve the alleged violations without any admission of liability. The Consent Order requires Pepco to pay a civil penalty of $10 million. In addition, Pepco has agreed to assess the environmental conditions at its Buzzard Point facility and conduct any remedial actions deemed necessary as a result of the assessment, and also to assess potential environmental impacts associated with the operation of its underground vaults. The court signed and entered the Consent Order, and it became effective on February 2, 2024. Exelon, PHI, and Pepco have accrued a liability for the penalty payments and for the projected costs for the required environmental assessments and remediation. Pepco has concluded that incremental exposure is reasonably possible, but the range of loss cannot be reasonably estimated beyond the amounts included in the table above. Litigation and Regulatory Matters DPA and Related Matters (Exelon and ComEd). Exelon and ComEd received a grand jury subpoena in the second quarter of 2019 from the U.S. Attorney’s Office for the Northern District of Illinois (USAO) requiring production of information concerning their lobbying activities in the State of Illinois. On October 4, 2019, Exelon and ComEd received a second grand jury subpoena from the USAO requiring production of records of any communications with certain individuals and entities. On October 22, 2019, the SEC notified Exelon and ComEd that it had also opened an investigation into their lobbying activities. On July 17, 2020, ComEd entered into a DPA with the USAO to resolve the USAO investigation, which included a payment to the U.S. Treasury of $200 million, which was paid in November 2020. The three-year term of the DPA ended on July 17, 2023, and on that same date the court granted the USAO’s motion to dismiss the pending charge against ComEd that had been deferred by the DPA. On September 28, 2023, Exelon and ComEd reached a settlement with the SEC, concluding and resolving in its entirety the SEC investigation, which related to the conduct identified in the DPA that was entered into by ComEd in July 2020 and successfully exited in July 2023. Under the terms of the settlement, Exelon has agreed to pay a civil penalty of $46.2 million and Exelon and ComEd have agreed to cease and desist from committing or causing any violations and any future violations of specified provisions of the federal securities laws and rules promulgated thereunder. Exelon recorded an accrual for the full amount of the penalty in the second quarter of 2023, which was reflected in Operating and maintenance expense within Exelon's Consolidated Statements of Operations and Comprehensive Income and in Accrued expenses on the Consolidated Balance Sheets. Exelon paid the civil penalty in full on October 4, 2023. Subsequent to Exelon announcing the receipt of the USAO subpoenas, various lawsuits were filed, and various demand letters were received related to the subject of the subpoenas, the conduct described in the DPA and the SEC's investigation, including: • Four putative class action lawsuits against ComEd and Exelon were filed in federal court on behalf of ComEd customers in the third quarter of 2020 alleging, among other things, civil violations of federal racketeering laws. The court granted ComEd and Exelon's motion to dismiss these actions in 2021 and that dismissal was affirmed on appeal in 2022. Plaintiffs have no further appeal rights and therefore the dismissal is final. • Three putative class action lawsuits against ComEd and Exelon were filed in Illinois state court in the third quarter of 2020 seeking restitution and compensatory damages on behalf of ComEd customers. The cases were consolidated into a single action in October of 2020. ComEd and Exelon filed a motion to dismiss on January 11, 2021. On December 23, 2021, the state court granted ComEd and Exelon's motion to dismiss with prejudice. Plaintiffs appealed the court's ruling dismissing their complaint to the First District Court of Appeals. On February 15, 2022, ComEd and Exelon moved to dismiss the federal plaintiffs' refiled state law claims, seeking dismissal on the same legal grounds asserted in their motion to dismiss the original state court plaintiffs' complaint. The court granted dismissal of the refiled state claims on February 16, 2022. The original federal plaintiffs appealed that dismissal on February 18, 2022. The two state appeals were consolidated on March 21, 2022. On September 8, 2023, the appellate court affirmed the dismissal. On December 22, 2023, plaintiffs filed a petition for leave to appeal to the Illinois Supreme Court, which ComEd and Exelon responded to on January 12, 2024. On March 27, 2024, the Illinois Supreme Court denied plaintiffs' petition for leave to appeal. The dismissal of this action is final. • On November 3, 2022, a plaintiff filed a putative class action complaint in Lake County, Illinois Circuit Court against ComEd and Exelon for unjust enrichment and deceptive business practices in connection with the conduct giving rise to the DPA. Plaintiff seeks an accounting and disgorgement of any benefits ComEd allegedly obtained from said conduct. ComEd and Exelon filed a motion to dismiss the Complaint on February 3, 2023. On June 16, 2023, the court granted ComEd and Exelon's motion to dismiss the action with prejudice. Plaintiff filed its notice of appeal of that dismissal on July 17, 2023. On April 12, 2024, the appellate court issued its decision affirming dismissal of the action. On June 3, 2024, plaintiff filed a petition for leave to appeal the dismissal to the Illinois Supreme Court, which is a discretionary appeal. ComEd and Exelon filed its response to that petition on July 19, 2024. • A putative class action lawsuit against Exelon and certain officers of Exelon and ComEd was filed in federal court in December 2019 alleging misrepresentations and omissions in Exelon’s SEC filings related to ComEd’s lobbying activities and the related investigations. The complaint was amended on September 16, 2020, to dismiss two of the original defendants and add other defendants, including ComEd. Defendants filed a motion to dismiss in November 2020. The court denied the motion in April 2021. Following mediation, the parties reached a settlement of the lawsuit, under which defendants agreed to pay plaintiffs $173 million. On May 26, 2023, plaintiffs filed a motion for preliminary approval of the settlement, which the court granted on June 9, 2023. The court granted final settlement approval on September 7, 2023. The settlement was fully covered by insurance and has been paid in full. • Several shareholders have sent letters to the Exelon Board of Directors since 2020 demanding, among other things, that the Exelon Board of Directors investigate and address alleged breaches of fiduciary duties and other alleged violations by Exelon and ComEd officers and directors related to the conduct described in the DPA. In the first quarter of 2021, the Exelon Board of Directors appointed a Special Litigation Committee (SLC) consisting of disinterested and independent parties to investigate and address these shareholders’ allegations and make recommendations to the Exelon Board of Directors based on the outcome of the SLC’s investigation. In July 2021, one of the demand letter shareholders filed a derivative action against current and former Exelon and ComEd officers and directors, and against Exelon, as nominal defendant, asserting the same claims made in its demand letter. Since that date, multiple parties have filed separate derivative lawsuits that were subsequently consolidated. On October 12, 2021, the parties filed an agreed motion to stay the litigation for 120 days in order to allow the SLC to continue its investigation, which the court granted. The stay has been extended several times. Through mediation efforts, a settlement of the derivative claims was reached by the SLC, the Independent Review Committee of the Board (which had been formed in the third quarter of 2022, to ensure the Board’s consideration of any SLC recommendations would be independent and objective), the Board, and certain of the derivative shareholders. On June 16, 2023, the SLC filed a motion for preliminary approval of the settlement, attaching the Stipulation and Agreement of Settlement (Stipulation), which contains the terms of the proposed settlement. The proposed settlement terms include but are not limited to: a payment of $40 million to Exelon by Exelon’s insurers of which $10 million constitutes the attorneys’ fee award to be paid to the Settling Shareholders’ counsel; various compliance and disclosure-related reforms; and certain changes in Board and Committee composition. On June 30, 2023, the court granted the non-settling shareholders’ request for limited discovery into the settlement. Following that discovery, on October 26, 2023, the SLC filed its renewed motion for preliminary approval with supporting submissions filed by the Independent Review Committee, Exelon, and the settling shareholders on that same day. The parties briefing on preliminary approval was completed on January 18, 2024. In August 2022, the ICC concluded its investigation initiated on August 12, 2021 into rate impacts of conduct admitted in the DPA, including the costs recovered from customers related to the DPA and Exelon's funding of the fine paid by ComEd. On August 17, 2022, the ICC issued its final order accepting ComEd's voluntary customer refund offer of approximately $38 million (of which about $31 million is ICC jurisdictional; the remaining balance is FERC jurisdictional) that resolves the question of whether customer funds were used for DPA related activities. The customer refund includes the cost of every individual or entity that was either (i) identified in the DPA or (ii) identified by ComEd as an associate of the former Speaker of the Illinois House of Representatives in the ICC proceeding. The ICC’s DPA investigation is now closed. The ICC jurisdictional refund was made to customers during the April 2023 billing cycle, as required by the ICC. The FERC jurisdictional refund was completed as of May 2024 as part of ComEd's transmission formula rate update proceeding, submitted on May 12, 2023. The customer refund was not recovered in rates or charged to customers and ComEd will not seek or accept reimbursement or indemnification from any source other than Exelon. 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 Registrants are also from time to time subject to audits and investigations by the FERC and other regulators. 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 possible eventual loss. |
Shareholders' Equity (Exelon)
Shareholders' Equity (Exelon) | 6 Months Ended |
Jun. 30, 2024 | |
Equity [Abstract] | |
Shareholders' Equity (Exelon) | Shareholders' Equity (Exelon) At-the-Market Program |
Changes in Accumulated Other Co
Changes in Accumulated Other Comprehensive Income (Exelon) | 6 Months Ended |
Jun. 30, 2024 | |
Changes in Accumulated Other Comprehensive Income [Abstract] | |
Changes in Accumulated Other Comprehensive Income | Changes in Accumulated Other Comprehensive Income (Loss) (Exelon) The following table presents changes in Exelon's AOCI, net of tax, by component: Three Months Ended June 30, 2024 Cash Flow Hedges Pension and Non-Pension Postretirement Benefit Plan Items (a) Total Balance at March 31, 2024 $ 30 $ (742) $ (712) OCI before reclassifications (2) (2) (4) Amounts reclassified from AOCI (1) 5 4 Net current-period OCI (3) 3 — Balance at June 30, 2024 $ 27 $ (739) $ (712) Three Months Ended June 30, 2023 Cash Flow Hedges Pension and Non-Pension Postretirement Benefit Plan Items (a) Total Balance at March 31, 2023 $ 8 $ (647) $ (639) OCI before reclassifications 9 (3) 6 Amounts reclassified from AOCI — 3 3 Net current-period OCI 9 — 9 Balance at June 30, 2023 $ 17 $ (647) $ (630) Six Months Ended June 30, 2024 Cash Flow Hedges Pension and Non-Pension Postretirement Benefit Plan Items (a) Total Balance at December 31, 2023 $ (3) $ (723) $ (726) OCI before reclassifications 32 (26) 6 Amounts reclassified from AOCI (2) 10 8 Net current-period OCI 30 (16) 14 Balance at June 30, 2024 $ 27 $ (739) $ (712) Six Months Ended June 30, 2023 Cash Flow Hedges Pension and Non-Pension Postretirement Benefit Plan Items (a) Total Balance at December 31, 2022 $ 2 $ (640) $ (638) OCI before reclassifications 15 (13) 2 Amounts reclassified from AOCI — 6 6 Net current-period OCI $ 15 $ (7) $ 8 Balance at June 30, 2023 $ 17 $ (647) $ (630) __________ (a) This AOCI component is included in the computation of net periodic pension and OPEB cost. See Note 14 — Retirement Benefits of the 2023 Form 10-K and Note 7 — Retirement Benefits for additional information. See Exelon's Statements of Operations and Comprehensive Income for individual components of AOCI. The following table presents Income tax benefit (expense) allocated to each component of Exelon's Other comprehensive income (loss): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Pension and non-pension postretirement benefit plans: Actuarial losses reclassified to periodic benefit cost $ (2) $ (1) $ (4) $ (2) Pension and non-pension postretirement benefit plans valuation adjustments — 1 8 4 Unrealized gains on cash flow hedges — (3) (10) (4) |
Supplemental Financial Informat
Supplemental Financial Information (All Registrants) | 6 Months Ended |
Jun. 30, 2024 | |
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 taxes Exelon ComEd PECO BGE PHI Pepco DPL ACE Three Months Ended June 30, 2024 Utility taxes (a) $ 226 $ 73 $ 42 $ 31 $ 80 $ 72 $ 6 $ — Property 107 10 5 53 39 26 12 1 Payroll 33 9 4 5 7 2 1 1 Three Months Ended June 30, 2023 Utility taxes (a) $ 201 $ 71 $ 38 $ 22 $ 70 $ 63 $ 6 $ 1 Property 96 8 4 49 35 24 10 1 Payroll 31 7 4 5 7 2 1 1 Six Months Ended June 30, 2024 Utility taxes (a) $ 447 $ 148 $ 83 $ 54 $ 162 $ 146 $ 14 $ 2 Property 212 18 9 107 78 53 23 1 Payroll 67 18 9 9 14 4 2 2 Six Months Ended June 30, 2023 Utility taxes (a) $ 421 $ 146 $ 78 $ 50 $ 147 $ 131 $ 14 $ 2 Property 196 18 8 100 70 48 21 1 Payroll 63 14 9 9 14 4 2 2 _________ (a) The Registrants' utility taxes represent 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 ComEd PECO BGE PHI Pepco DPL ACE Three Months Ended June 30, 2024 AFUDC — Equity $ 38 $ 9 $ 8 $ 6 $ 15 $ 12 $ 3 $ — Non-service net periodic benefit cost (11) — — — — — — — Three Months Ended June 30, 2023 AFUDC — Equity $ 34 $ 7 $ 6 $ 4 $ 17 $ 13 $ 2 $ 2 Non-service net periodic benefit cost (1) — — — — — — — Six Months Ended June 30, 2024 AFUDC — Equity $ 78 $ 19 $ 16 $ 13 $ 30 $ 23 $ 6 $ 1 Non-service net periodic benefit cost (17) — — — — — — — Six Months Ended June 30, 2023 AFUDC — Equity $ 71 $ 17 $ 12 $ 7 $ 35 $ 27 $ 4 $ 4 Non-service net periodic benefit cost (2) — — — — — — — 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 ComEd PECO BGE PHI Pepco DPL ACE Six Months Ended June 30, 2024 Property, plant, and equipment (a) $ 1,436 $ 573 $ 203 $ 247 $ 383 $ 164 $ 107 $ 105 Amortization of regulatory assets and liabilities, net (a) 333 164 7 65 97 41 15 41 Amortization of intangible assets, net (a) 4 — — — — — — — ARO accretion (b) 1 — — — 1 — — — Total depreciation, amortization and accretion $ 1,774 $ 737 $ 210 $ 312 $ 481 $ 205 $ 122 $ 146 Six Months Ended June 30, 2023 Property, plant, and equipment (a) $ 1,370 $ 540 $ 190 $ 249 $ 364 $ 152 $ 104 $ 96 Amortization of regulatory assets and liabilities, net (a) 352 148 7 76 120 64 17 39 Amortization of intangible assets, net (a) 4 — — — — — — — ARO accretion (b) 1 — — — — — — — Total depreciation and amortization $ 1,727 $ 688 $ 197 $ 325 $ 484 $ 216 $ 121 $ 135 __________ (a) Included in Depreciation and amortization expense in the Registrants' Consolidated Statements of Operations and Comprehensive Income. (b) Included in Operating and maintenance expense in Exelon's Consolidated Statements of Operations and Comprehensive Income. Other non-cash operating activities Exelon ComEd PECO BGE PHI Pepco DPL ACE Six Months Ended June 30, 2024 Pension and OPEB costs $ 120 $ 36 $ — $ 31 $ 46 $ 16 $ 7 $ 7 Allowance for credit losses 93 8 47 11 27 16 3 7 True-up adjustments to decoupling mechanisms and formula rates (a) (15) 24 2 (19) (22) (37) 4 11 Amortization of operating ROU asset 19 — — 3 13 3 3 2 AFUDC — Equity (78) (19) (16) (13) (30) (23) (6) (1) Six Months Ended June 30, 2023 Pension and OPEB costs (benefit) $ 89 $ 13 $ (7) $ 28 $ 49 $ 17 $ 9 $ 7 Allowance for credit losses 46 1 19 4 22 13 3 6 True-up adjustments to decoupling mechanisms and formula rates (a) (410) (270) 10 (70) (80) (46) (15) (19) Long-term incentive plan 13 — — — — — — — Amortization of operating ROU asset 19 1 — 2 14 2 4 2 Change in environmental liabilities 37 — — — 37 37 — — AFUDC — Equity (71) (17) (12) (7) (35) (27) (4) (4) __________ (a) For ComEd, reflects the true-up adjustments in Regulatory assets and liabilities associated with its distribution, energy efficiency, distributed generation, and transmission formula rates. For PECO, reflects the change in Regulatory assets and liabilities associated with its transmission formula rates. For BGE, Pepco, DPL, and ACE, reflects the change in Regulatory assets and liabilities associated with their decoupling mechanisms and transmission formula rates. See Note 3 — Regulatory Matters of the 2023 Form 10-K 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. Cash, cash equivalents, and restricted cash Exelon ComEd PECO BGE PHI Pepco DPL ACE Balance at June 30, 2024 Cash and cash equivalents $ 934 $ 326 $ 19 $ 428 $ 119 $ 19 $ 50 $ 15 Restricted cash and cash equivalents 530 446 9 — 22 21 1 — Restricted cash included in Other deferred debits and other assets 71 71 — — — — — — Total cash, restricted cash, and cash equivalents $ 1,535 $ 843 $ 28 $ 428 $ 141 $ 40 $ 51 $ 15 Balance at December 31, 2023 Cash and cash equivalents $ 445 $ 110 $ 42 $ 47 $ 180 $ 48 $ 16 $ 21 Restricted cash and cash equivalents 482 402 9 1 24 24 — — Restricted cash included in Other deferred debits and other assets 174 174 — — — — — — Total cash, restricted cash, and cash equivalents $ 1,101 $ 686 $ 51 $ 48 $ 204 $ 72 $ 16 $ 21 Balance at June 30, 2023 Cash and cash equivalents $ 399 $ 74 $ 82 $ 89 $ 110 $ 16 $ 18 $ 24 Restricted cash and cash equivalents 435 361 9 1 26 26 — — Restricted cash included in Other deferred debits and other assets 201 201 — — — — — — Total cash, restricted cash, and cash equivalents $ 1,035 $ 636 $ 91 $ 90 $ 136 $ 42 $ 18 $ 24 Balance at December 31, 2022 Cash and cash equivalents $ 407 $ 67 $ 59 $ 43 $ 198 $ 45 $ 31 $ 72 Restricted cash and cash equivalents 566 327 9 24 175 54 121 — Restricted cash included in Other deferred debits and other assets 117 117 — — — — — — Total cash, restricted cash, and cash equivalents $ 1,090 $ 511 $ 68 $ 67 $ 373 $ 99 $ 152 $ 72 For additional information on restricted cash see Note 1 — Significant Accounting Policies of the 2023 Form 10-K. Supplemental Balance Sheet Information The following table provides additional information about material items recorded in the Registrants' Consolidated Balance Sheets. Accrued expenses Exelon ComEd PECO BGE PHI Pepco DPL ACE Balance at June 30, 2024 Compensation-related accruals (a) $ 476 $ 124 $ 72 $ 66 $ 92 $ 27 $ 18 $ 13 Taxes accrued 183 91 56 26 90 74 7 9 Interest accrued 469 153 50 48 85 47 17 17 Balance at December 31, 2023 Compensation-related accruals (a) $ 661 $ 206 $ 87 $ 81 $ 107 $ 27 $ 17 $ 12 Taxes accrued 221 204 96 75 137 116 30 10 Interest accrued 414 148 49 44 72 38 13 15 __________ (a) Primarily includes accrued payroll, bonuses and other incentives, vacation, and benefits. |
Related Party Transactions (All
Related Party Transactions (All Registrants) | 6 Months Ended |
Jun. 30, 2024 | |
Related Party Transactions [Abstract] | |
Related Party Transactions (All Registrants) | Related Party Transactions (All Registrants) Service Company Costs for Corporate Support The Registrants receive a variety of corporate support services from BSC. Pepco, DPL, and ACE also receive corporate support services from PHISCO. See Note 1 — Significant Accounting Policies for additional information regarding BSC and PHISCO. The following table presents the service company costs allocated to the Registrants: Operating and maintenance from affiliates Capitalized costs Three Months Ended June 30, Six Months Ended June 30, Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 2024 2023 2024 2023 Exelon BSC $ 159 $ 165 $ 317 $ 340 PHISCO 29 25 58 49 ComEd BSC $ 104 $ 88 $ 204 $ 171 63 78 134 159 PECO BSC 61 54 119 105 29 30 58 60 BGE BSC 62 54 121 108 25 22 49 46 PHI BSC 49 43 99 85 42 35 76 75 PHISCO — — — — 29 25 58 49 Pepco BSC 32 28 63 55 18 14 35 28 PHISCO 33 30 66 60 12 10 24 21 DPL BSC 20 18 39 35 13 10 25 20 PHISCO 26 25 51 49 8 8 17 15 ACE BSC 16 15 32 29 10 12 15 26 PHISCO 25 22 48 44 9 7 17 13 Current Receivables from/Payables to Affiliates The following tables present current Receivables from affiliates and current Payables to affiliates: June 30, 2024 Receivables from affiliates: Payables to affiliates: ComEd PECO BGE Pepco DPL ACE BSC PHISCO Other Total ComEd $ 1 $ — $ — $ — $ — $ 67 $ — $ 8 $ 76 PECO $ — — — — — 35 — 4 39 BGE — — — — — 36 — 1 37 PHI — — — — — — 7 1 10 18 Pepco — — — — — 20 17 — 37 DPL — — — — — 12 13 1 26 ACE — — — — — 10 12 2 24 Other 4 — — — — 3 — — 7 Total $ 4 $ 1 $ — $ — $ — $ 3 $ 187 $ 43 $ 26 $ 264 December 31, 2023 Receivables from affiliates: Payables to affiliates: ComEd PECO BGE Pepco DPL ACE BSC PHISCO Other Total ComEd $ — $ — $ — $ — $ — $ 64 $ — $ 8 $ 72 PECO $ — — — — — 36 — 3 39 BGE — — — — — 33 — 2 35 PHI — — — — — — 5 — 10 15 Pepco — — — — — 17 14 1 32 DPL — 1 — — — 12 11 1 25 ACE — 1 — 1 1 11 11 — 25 Other 3 — — 1 — 3 1 — 8 Total $ 3 $ 2 $ — $ 2 $ 1 $ 3 $ 179 $ 36 $ 25 $ 251 Borrowings from Exelon/PHI intercompany money pool To provide an additional short-term borrowing option that will generally be more favorable to the borrowing participants than the cost of external financing both Exelon and PHI operate an intercompany money pool. PECO and PHI Corporate participate in the Exelon intercompany money pool. Pepco, DPL, and ACE participate in the PHI intercompany money pool. Long-term debt to financing trusts The following table presents Long-term debt to financing trusts: June 30, 2024 December 31, 2023 Exelon ComEd PECO Exelon ComEd PECO ComEd Financing III $ 206 $ 206 $ — $ 206 $ 205 $ — PECO Trust III 81 — 81 81 — 81 PECO Trust IV 103 — 103 103 — 103 Total $ 390 $ 206 $ 184 $ 390 $ 205 $ 184 |
Significant Accounting Polici_2
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2024 | |
Accounting Policies [Abstract] | |
Description of Business and Basis of Presentation (All Registrants) | Description of Business Exelon is a utility services holding company engaged in the energy transmission and distribution businesses through ComEd, PECO, BGE, Pepco, DPL, and ACE. Name of Registrant Business Service Territories 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 & 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 This is a combined quarterly report of all Registrants. The Notes to the Consolidated Financial Statements apply to the Registrants as indicated parenthetically next to each corresponding disclosure. When appropriate, the Registrants are named specifically for their related activities and disclosures. 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, finance, 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” in the consolidated financial statements and include intercompany eliminations unless otherwise disclosed. The accompanying consolidated financial statements as of June 30, 2024 and for the three and six months ended June 30, 2024 and 2023 are unaudited but, in the opinion of each Registrant's management, the Registrants 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, 2023 Consolidated Balance Sheets were derived from audited financial statements. The interim financial statements are to be read in conjunction with prior annual financial statements and notes. Additionally, 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, 2024. 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 (All Registrants) New Accounting Standards Issued and Not Yet Adopted as of June 30, 2024: 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, 2024. Unless otherwise indicated, the Registrants are currently assessing the impacts such guidance may have (which could be material) in their Consolidated Balance Sheets, Consolidated Statements of Operations and Comprehensive Income, Consolidated Statements of Cash Flows and disclosures, as well as the potential to early adopt where applicable. The Registrants have assessed other FASB issuances of new standards which are not listed below given the current expectation that such standards will not significantly impact the Registrants' financial reporting. Segment Reporting (Issued November 2023). Improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The objective of the revised guidance is to introduce a new requirement to disclose significant segment expenses regularly provided to the CODM, extend certain annual disclosures to interim periods, clarify single reportable segment entities must apply ASC 280 in its entirety, permit more than one measure of segment profit or loss to be reported under certain conditions, and require disclosure of the title and position of the CODM. The standard is effective for annual periods beginning January 1, 2024 and interim periods beginning January 1, 2025, with early adoption permitted. The standard will be applied retrospectively. Improvement to Income Tax Disclosures (Issued December 2023). Provides additional disclosure requirements related to the effective tax rate reconciliation and income taxes paid. Under the revised guidance for the effective tax reconciliations, entities would be required to disclose: (1) eight specific categories in the effective tax rate reconciliation in both percentages and reporting currency amount, (2) additional information for reconciling items over a certain threshold, (3) explanation of individual reconciling items disclosed, and (4) provide a qualitative description of the state and local jurisdictions that contribute to the majority of the state income tax expense. For each annual period presented, the new standard requires disclosure of the year-to-date amount of income taxes paid (net of refunds received) disaggregated by federal, state, and foreign. It also requires additional disaggregated information on income taxes paid (net of refunds received) to an individual jurisdiction equal to or greater than 5% of total income taxes paid (net of refunds received). The standard is effective January 1, 2025, with early adoption permitted. |
Regulatory Matters (Tables)
Regulatory Matters (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Regulated Operations [Abstract] | |
Public Utilities Distribution Rate Cases [Table Text Block] | The following tables show the completed and pending distribution base rate case proceedings in 2024. Completed Distribution Base Rate Case Proceedings Registrant/Jurisdiction Filing Date Service Requested Revenue Requirement Increase Approved Revenue Requirement Increase Approved ROE Approval Date Rate Effective Date ComEd - Illinois January 17, 2023 Electric $ 1,487 $ 501 8.905% December 14, 2023 (a) January 1, 2024 $ 838 $ 810 8.905% April 18, 2024 (b) May 1, 2024 April 21, 2023 (c) Electric $ 247 $ 259 8.91% November 30, 2023 January 1, 2024 BGE - Maryland (d) February 17, 2023 Electric $ 313 $ 179 9.50% December 14, 2023 January 1, 2024 Natural Gas $ 289 $ 229 9.45% Pepco - Maryland October 26, 2020 (amended March 31, 2021) (e) Electric $ 104 $ 52 9.55% June 28, 2021 June 28, 2021 May 16, 2023 (amended February 23, 2024) (f) Electric $ 111 $ 45 9.50% June 10, 2024 April 1, 2024 DPL - Maryland (g) May 19, 2022 Electric $ 38 $ 29 9.60% December 14, 2022 January 1, 2023 DPL - Delaware (h) December 15, 2022 (amended September 29, 2023) Electric $ 39 $ 28 9.60% April 18, 2024 July 15, 2023 ACE - New Jersey (i) February 15, 2023 (amended August 21, 2023) Electric $ 92 $ 45 9.60% November 17, 2023 December 1, 2023 __________ (a) Reflects a four-year cumulative multi-year rate plan for January 1, 2024 to December 31, 2027. On December 14, 2023, the ICC approved year-over-year distribution revenue requirement increases in 2024-2027, with an amendatory order on January 10, 2024, of approximately $451 million effective January 1, 2024, $14 million effective January 1, 2025, $6 million effective January 1, 2026, and $30 million effective January 1, 2027, based on an ROE of 8.905%, an equity ratio of 50%, and year end 2022 rate base. The ICC rejected ComEd’s Grid Plan, requiring ComEd to file a revised Grid Plan by March 13, 2024, 90 days after the issuance of the December final order. The ICC also directed that the revised Grid Plan would be reviewed through further formal proceedings in that docket. On January 10, 2024, the ICC granted one portion of ComEd’s application for rehearing of the December 14, 2023 final order, and directed that a rehearing process extending no more than 150 days reconsider certain components of the revenue requirements for the test years (2024-2027), absent an approved Grid Plan. On January 10, 2024, ComEd also filed with the Illinois appellate court an appeal of various aspects of the ICC’s final order on which rehearing was denied, including the 8.905% ROE and 50% equity ratio and denial of any return on ComEd’s pension asset. On March 13, 2024, ComEd filed its revised Grid Plan (Refiled Grid Plan) with supporting testimony and schedules with the ICC. On March 15, 2024, ComEd filed a petition to adjust its MRP to authorize increased rates consistent with the Refiled Grid Plan. (b) Reflects four-year cumulative increase to the revenue requirement approved on December 14, 2023 and amended on January 10, 2024 of $810 million for January 1, 2024 to December 31, 2027 resulting from the rehearing on certain components of the rate plan. On February 16, 2024, ComEd filed a revised revenue request for an $838 million increase in its 2024-2027 revenue requirements based on the ICC’s limited scope for rehearing which included the value of the 2023 forecasted year-end rate base. On April 18, 2024, the ICC issued an order on the rehearing filing which increased the revenue requirements previously approved by the ICC in its January 10, 2024, amendatory order by $150 million in 2024, $186 million in 2025, $221 million in 2026 and $253 million in 2027. ComEd anticipates that the revenue requirements determined during the rehearing process will be further adjusted upon approval of the Refiled Grid Plan and the pending petition to adjust rates. (c) On November 30, 2023, the Delivery Reconciliation Amount for 2022 defined in Rider Delivery Service Pricing Reconciliation (Rider DSPR) was approved. The delivery reconciliation amount allows for the reconciliation of the revenue requirement in effect in the final years in which formula rates are determined and until such time as new rates are established under ComEd’s approved MRP. The 2023 filing reconciled the delivery service rates in effect in 2022 with the actual delivery service costs incurred in 2022. The reconciliation revenue requirement provides for a weighted average debt and equity return on distribution rate base of 6.48%, inclusive of an allowed ROE of 8.91%, reflecting the monthly yields on 30-year treasury bonds plus 580 basis points. (d) Reflects a three-year cumulative multi-year plan for January 1, 2024 through December 31, 2026. The MDPSC awarded BGE electric revenue requirement increases of $41 million, $113 million, and $25 million in 2024, 2025, and 2026, respectively, and natural gas revenue requirement increases of $126 million, $62 million, and $41 million in 2024, 2025, and 2026, respectively. Requested revenue requirement increases will be used to recover capital investments designed to increase the resilience of the electric and gas distribution systems and support Maryland's climate and regulatory initiatives. The MDPSC also approved a portion of the requested 2021 and 2022 reconciliation amounts, which will be recovered through separate electric and gas riders between March 2024 through February 2025. As such, the reconciliation amounts are not included in the approved revenue requirement increases. The 2021 reconciliation amounts are $13 million and $7 million for electric and gas, respectively, and the 2022 reconciliation amounts are $39 million and $15 million for electric and gas, respectively. In April 2024, BGE filed with the MDPSC its request for recovery of the 2023 reconciliation amounts of $79 million and $73 million for electric and gas, respectively, with supporting testimony and schedules. (e) Reflects a three-year cumulative multi-year plan for April 1, 2021 through March 31, 2024. The MDPSC awarded Pepco electric incremental revenue requirement increases of $21 million, $16 million, and $15 million, before offsets, for the 12-month periods ending March 31, 2022, 2023, and 2024, respectively. Pepco proposed to utilize certain tax benefits to fully offset the increase through 2023 and partially offset customer rate increases in 2024. However, the MDPSC only utilized the acceleration of refunds for certain tax benefits to fully offset the increases such that customer rates remain unchanged through March 31, 2022. On February 23, 2022, the MDPSC chose to offset 25% of the cumulative revenue requirement increase for the 12-month period ending March 31, 2023. In 2021, the MDPSC deferred a decision on whether to use certain tax benefits to offset the revenue requirement increases for the 12-month period ending March 31, 2024. In December 2022 Pepco proposed that tax benefits not be used to offset the revenue requirement increases for this period. On January 25, 2023, the MDPSC accepted Pepco’s recommendations not to use tax benefits to offset revenue requirement increases for the 12-month period ending March 31, 2024. (f) Reflects the amounts requested (before offsets) and awarded for a one-year multi-year plan for April 1, 2024 through March 31, 2025. The MDPSC awarded Pepco an electric incremental revenue requirement increase of $45 million for the 12-month period ending March 31, 2025. The MDPSC did not adopt the requested revenue requirement increases of $80 million (before offsets), $51 million, and $14 million as filed for 2025, 2026, and the 2027 nine-month extension period, respectively. The order allows for Pepco to perform an annual reconciliation after the 2024 rate year. The MDPSC also approved the requested reconciliation amounts for the 12-month periods ending March 31, 2022, and March 31, 2023, which will be recovered through a rider between August 2024 through March 2026. As such, the reconciliation amounts are not included in the approved revenue requirement increases. The reconciliation amounts are $1 million, and $7 million, for the 12-month periods ending March 31, 2022, and March 31, 2023, respectively. In July 2024, Pepco filed its request with the MDPSC for recovery of $31 million for the 12-month period ended March 31, 2024, with supporting testimony and schedules. (g) Reflects a three-year cumulative multi-year plan for January 1, 2023 through December 31, 2025. The MDPSC awarded DPL electric incremental revenue requirement increases of $17 million, $6 million, and $6 million for 2023, 2024, and 2025, respectively. (h) On April 18, 2024, the DEPSC approved the Significant Storm Expense Rate Rider (Rider SSER) which will allow DPL to recover expenses associated with qualified storms. A qualified storm will be an individual storm for which DPL incurs expenses between $5 million and $15 million. The Rider SSER allows DPL to recover significant storm damage expenses for the previous 12-month period over a future 24-month period. For individual storm events for which DPL incurs expenses of more than $15 million, the future recovery period will be evaluated on a case-by-case basis and the unamortized balance will earn a return at DPL's authorized long-term cost of debt. The Rider SSER will have an annual true-up filing, subject to DEPSC review and approval. (i) Requested and approved increases are before New Jersey sales and use tax. The NJBPU awarded ACE electric revenue requirement increases of $36 million and $9 million effective December 1, 2023 and February 1, 2024, respectively. Pending Distribution Base Rate Case Proceedings Registrant/Jurisdiction Filing Date Service Requested Revenue Requirement Increase Requested ROE Expected Approval Timing ComEd - Illinois March 15, 2024 (amended June 20, 2024) Electric (a) $ 682 8.905% December 2024 April 26, 2024 Electric (b) $ 627 9.89% December 2024 PECO - Pennsylvania March 28, 2024 Electric (c) $ 464 10.95% Fourth quarter of 2024 Natural Gas $ 111 11.15% Pepco - District of Columbia (d) April 13, 2023 (amended February 27, 2024) Electric $ 186 10.50% Fourth quarter of 2024 __________ (a) On March 13, 2024, ComEd filed its Refiled Grid Plan with the ICC and on March 15, 2024, ComEd filed a petition to adjust its multi-year rate plan to be aligned with ComEd’s Refiled Grid Plan. The adjusted rate plan incorporates changes in the Refiled Grid Plan, which was updated in ComEd's rebuttal testimony on June 20, 2024, to request a $682 million increase in revenue requirements over four years above those granted in the ICC’s January 10, 2024, amendatory order. The requested year-over-year increases are $308 million in 2024, $96 million in 2025, $135 million in 2026, and $143 million in 2027. A final order on both the Refiled Grid Plan and the adjusted rate plan petition is expected by December 2024 with new rates effective on or before January 1, 2025. (b) On April 26, 2024, ComEd filed its proposed Delivery Reconciliation Amount of $627 million under Rider DSPR which allows for the reconciliation of the revenue requirement in effect. The 2024 filing reconciles those rates with the actual delivery service costs incurred in 2023. The final order is expected by December 2024 and the reconciliation amount will adjust customer rates in 2025. (c) PECO requested an annual electric revenue requirement increase of $464 million, which is partially offset by a one-time credit of $64 million in 2025. (d) Reflects a three-year cumulative multi-year plan for January 1, 2024 through December 31, 2026 submitted to the DCPSC. Pepco requested total electric revenue requirement increases of $116 million, $35 million, and $35 million in 2024, 2025, and 2026, respectively. Requested revenue requirement increases will be used to recover capital investments designed to advance system-readiness and support the District of Columbia’s climate and clean energy goals. |
Public Utilities Transmission Rate Filings [Table Text Block] | For 2024, the following increases/(decreases) were included in the Utility Registrants' electric transmission formula rate updates: Registrant (a) Initial Revenue Requirement Increase Annual Reconciliation (Decrease) Total Revenue Requirement Increase Allowed Return on Rate Base (b) Allowed ROE (c) ComEd $ 32 $ (12) $ 20 8.14 % 11.50 % PECO $ 2 $ 3 $ 5 7.45 % 10.35 % BGE $ 42 $ 13 $ 53 (d) 7.47 % 10.50 % Pepco $ 58 $ 15 $ 73 7.62 % 10.50 % DPL $ 7 $ 17 $ 24 7.23 % 10.50 % ACE $ 14 $ 18 $ 32 7.11 % 10.50 % __________ (a) All rates are effective June 1, 2024 - May 31, 2025, subject to review by interested parties pursuant to review protocols of each Utility Registrants' tariffs. (b) Represents the weighted average debt and equity return on transmission rate bases. For PECO, the common equity component of the ratio used to calculate the weighted average debt and equity return on the transmission formula rate base is currently capped at 55.75%. (c) The rate of return on common equity for each Utility Registrant includes a 50-basis-point incentive adder for being a member of an RTO. (d) |
Public Utilities Energy Efficiency Revenue [Table Text Block] | ComEd filed its annual energy efficiency formula rate update with the ICC on May 30, 2024. The filing establishes the revenue requirement used to set the rates that will take effect in January 2025 after the ICC's review and approval. The requested revenue requirement update is based on a reconciliation of the 2023 actual costs plus projected 2025 expenditures. Initial Revenue Requirement Increase Annual Reconciliation Decrease Total Revenue Requirement Increase Requested Return on Rate Base (a) Requested ROE $ 66 $ (8) $ 58 7.02 % 9.89 % __________ (a) |
Capitalized Ratemaking Amounts Not Recognized [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 the Registrants' 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 the Utility Registrants' customers. PECO had no related amounts at June 30, 2024 and December 31, 2023. Exelon ComEd (a) BGE (b) PHI Pepco (c) DPL (d) ACE (e) June 30, 2024 $ 134 $ 40 $ 43 $ 51 $ 38 $ 1 $ 12 December 31, 2023 110 32 33 45 34 1 10 __________ (a) Reflects ComEd's unrecognized equity returns earned for ratemaking purposes on its electric distribution and energy efficiency formula rate regulatory assets. (b) BGE's amount capitalized for ratemaking purposes primarily relates to earnings on shareholders' investment on their AMI programs, investments in rate base included in the multi-year plan reconciliations, and revenue decoupling. (c) Pepco's authorized amounts capitalized for ratemaking purposes relate to earnings on shareholders' investment on AMI programs, Energy efficiency and demand response programs, investments in rate base and revenues included in the multi-year plan reconciliations, and a portion of Pepco District of Columbia's revenue decoupling. (d) DPL's authorized amounts capitalized for ratemaking purposes relate to earnings on shareholders' investment on AMI programs and Energy efficiency and demand response programs. (e) ACE's authorized amounts capitalized for ratemaking purposes primarily relate to earnings on shareholders' investment on AMI programs. |
Revenue from Contracts with C_2
Revenue from Contracts with Customers (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Revenue from Contract with Customer [Abstract] | |
Change in Contract with Customer, Asset and Liability | The following table provides a rollforward of the contract liabilities reflected in Exelon's, PHI's, Pepco's, DPL's, and ACE's Consolidated Balance Sheets for the three and six months ended June 30, 2024 and 2023. At June 30, 2024 and December 31, 2023, ComEd's, PECO's, and BGE's contract liabilities were immaterial. Exelon (a) PHI (a) Pepco (a) DPL ACE Balance at December 31, 2023 $ 133 $ 133 $ 107 $ 13 $ 13 Revenues recognized (2) (2) (2) — — Balance at March 31, 2024 $ 131 $ 131 $ 105 $ 13 $ 13 Revenues recognized (1) (1) (1) — — Balance at June 30, 2024 $ 130 $ 130 $ 104 $ 13 $ 13 Exelon (a) PHI (a) Pepco (a) DPL ACE Balance at December 31, 2022 $ 101 $ 101 $ 81 $ 10 $ 10 Revenues recognized (1) (1) (1) — — Balance at March 31, 2023 $ 100 $ 100 $ 80 $ 10 $ 10 Revenues recognized (2) (2) (2) — — Balance at June 30, 2023 $ 98 $ 98 $ 78 $ 10 $ 10 __________ (a) Revenues recognized in the three and six months ended June 30, 2024 and 2023, were included in the contract liabilities at December 31, 2023 and 2022, respectively. |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction | 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, 2024. 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 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. Year Exelon PHI Pepco DPL ACE 2024 $ 3 $ 3 $ 3 $ — $ — 2025 7 7 5 1 1 2026 6 6 5 1 — 2027 5 5 5 — — 2028 and thereafter 109 109 86 11 12 Total $ 130 $ 130 $ 104 $ 13 $ 13 |
Segment Information (Tables)
Segment Information (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
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, 2024 and 2023 is as follows: Three Months Ended June 30, 2024 and 2023 ComEd PECO BGE PHI Other (a) Intersegment Exelon Operating revenues (b) : 2024 Electric revenues $ 2,079 $ 797 $ 782 $ 1,441 $ — $ (6) $ 5,093 Natural gas revenues — 94 146 28 — — 268 Shared service and other revenues — — — 2 468 (470) — Total operating revenues $ 2,079 $ 891 $ 928 $ 1,471 $ 468 $ (476) $ 5,361 2023 Electric revenues $ 1,901 $ 719 $ 672 $ 1,274 $ — $ (10) $ 4,556 Natural gas revenues — 109 125 29 — (1) 262 Shared service and other revenues — — — 2 434 (436) — Total operating revenues $ 1,901 $ 828 $ 797 $ 1,305 $ 434 $ (447) $ 4,818 Intersegment revenues (c) : 2024 $ 2 $ 2 $ 2 $ 2 $ 466 $ (474) $ — 2023 2 2 2 2 432 (440) — Depreciation and amortization: 2024 $ 374 $ 107 $ 162 $ 235 $ 16 $ — $ 894 2023 350 99 158 243 16 — 866 Operating expenses: 2024 $ 1,680 $ 752 $ 835 $ 1,204 $ 471 $ (487) $ 4,455 2023 1,478 687 704 1,126 561 (442) 4,114 Interest expense, net: 2024 $ 123 $ 57 $ 53 $ 92 $ 158 $ — $ 483 2023 120 48 44 81 134 — 427 Income Taxes: 2024 $ 31 $ 3 $ 4 $ 46 $ (38) $ — $ 46 2023 71 2 12 20 (32) — 73 Net income (loss): 2024 $ 270 $ 90 $ 44 $ 158 $ (114) $ — $ 448 2023 249 97 42 103 (142) (6) 343 Capital Expenditures: 2024 $ 517 $ 382 $ 344 $ 450 $ 6 $ — $ 1,699 2023 645 372 306 461 20 — 1,804 ______________ (a) Other primarily includes Exelon’s corporate operations, shared service entities, and other financing and investment activities. (b) Includes gross utility tax receipts from customers. The offsetting remittance of utility taxes to the governing bodies is recorded in Taxes other than income taxes in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. See Note 14 — Supplemental Financial Information for additional information on total utility taxes. (c) See Note 15 — Related Party Transactions for additional information on intersegment revenues. PHI: Pepco DPL ACE Other (a) Intersegment PHI Operating revenues (b) : 2024 Electric revenues $ 700 $ 362 $ 383 $ — $ (4) $ 1,441 Natural gas revenues — 28 — — — 28 Shared service and other revenues — — — 115 (113) 2 Total operating revenues $ 700 $ 390 $ 383 $ 115 $ (117) $ 1,471 2023 Electric revenues $ 642 $ 320 $ 317 $ — $ (5) $ 1,274 Natural gas revenues — 29 — — — 29 Shared service and other revenues — — — 105 (103) 2 Total operating revenues $ 642 $ 349 $ 317 $ 105 $ (108) $ 1,305 Intersegment revenues (c) : 2024 $ 2 $ 1 $ 1 $ 115 $ (117) $ 2 2023 2 2 1 104 (107) 2 Depreciation and amortization: 2024 $ 98 $ 61 $ 72 $ 4 $ — $ 235 2023 109 60 68 6 — 243 Operating expenses: 2024 $ 534 $ 332 $ 338 $ 117 $ (117) $ 1,204 2023 541 305 280 108 (108) 1,126 Interest expense, net: 2024 $ 46 $ 24 $ 20 $ 2 $ — $ 92 2023 43 18 17 3 — 81 Income Taxes: 2024 $ 28 $ 8 $ 8 $ 2 $ — $ 46 2023 10 5 6 (1) — 20 Net income (loss): 2024 $ 108 $ 34 $ 21 $ (5) $ — $ 158 2023 64 25 18 (5) 1 103 Capital Expenditures: 2024 $ 225 $ 134 $ 91 $ — $ — $ 450 2023 219 124 114 4 — 461 __________ (a) Other primarily includes PHI’s corporate operations, shared service entities, and other financing and investment activities. (b) Includes gross utility tax receipts from customers. The offsetting remittance of utility taxes to the governing bodies is recorded in Taxes other than income taxes in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. See Note 14 — Supplemental Financial Information for additional information on total utility taxes. (c) Includes intersegment revenues with ComEd, PECO, and BGE, which are eliminated at Exelon. Electric and Gas Revenue by Customer Class (Utility Registrants): The following tables disaggregate the Registrants' revenues 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 the Utility Registrants, the disaggregation of revenues reflects the two primary utility services of electric sales and natural gas sales (where applicable), with further disaggregation of these tariff sales provided by major customer groups. Exelon’s disaggregated revenues are consistent with the Utility Registrants, but exclude any intercompany revenues. Three Months Ended June 30, 2024 Revenues from contracts with customers ComEd PECO BGE PHI Pepco DPL ACE Electric revenues Residential $ 982 $ 522 $ 464 $ 746 $ 315 $ 202 $ 229 Small commercial & industrial 560 128 88 158 43 60 55 Large commercial & industrial 269 61 139 329 251 31 47 Public authorities & electric railroads 14 7 8 16 7 4 5 Other (a) 298 75 101 205 75 64 68 Total electric revenues (b) $ 2,123 $ 793 $ 800 $ 1,454 $ 691 $ 361 $ 404 Natural gas revenues Residential $ — $ 63 $ 89 $ 15 $ — $ 15 $ — Small commercial & industrial — 25 17 7 — 7 — Large commercial & industrial — — 40 1 — 1 — Transportation — 5 — 4 — 4 — Other (c) — — 4 1 — 1 — Total natural gas revenues (d) $ — $ 93 $ 150 $ 28 $ — $ 28 $ — Total revenues from contracts with customers $ 2,123 $ 886 $ 950 $ 1,482 $ 691 $ 389 $ 404 Other revenues Revenues from alternative revenue programs $ (43) $ — $ (23) $ (14) $ 7 $ — $ (21) Other electric revenues (e) (1) 4 1 3 2 1 — Other natural gas revenues (e) — 1 — — — — — Total other revenues $ (44) $ 5 $ (22) $ (11) $ 9 $ 1 $ (21) Total revenues for reportable segments $ 2,079 $ 891 $ 928 $ 1,471 $ 700 $ 390 $ 383 Three Months Ended June 30, 2023 Revenues from contracts with customers ComEd PECO BGE PHI Pepco DPL ACE Electric revenues Residential $ 861 $ 444 $ 363 $ 583 $ 267 $ 161 $ 155 Small commercial & industrial 461 132 75 144 41 57 46 Large commercial & industrial 205 64 119 337 254 33 50 Public authorities & electric railroads 13 8 7 15 7 4 4 Other (a) 234 71 103 185 64 61 63 Total electric revenues (b) $ 1,774 $ 719 $ 667 $ 1,264 $ 633 $ 316 $ 318 Natural gas revenues Residential $ — $ 69 $ 71 $ 16 $ — $ 16 $ — Small commercial & industrial — 32 15 7 — 7 — Large commercial & industrial — — 30 1 — 1 — Transportation — 5 — 4 — 4 — Other (c) — 2 5 1 — 1 — Total natural gas revenues (d) $ — $ 108 $ 121 $ 29 $ — $ 29 $ — Total revenues from contracts with customers $ 1,774 $ 827 $ 788 $ 1,293 $ 633 $ 345 $ 318 Other revenues Revenues from alternative revenue programs $ 118 $ (5) $ 4 $ 9 $ 7 $ 3 $ (1) Other electric revenues (e) 9 5 4 3 2 1 — Other natural gas revenues (e) — 1 1 — — — — Total other revenues $ 127 $ 1 $ 9 $ 12 $ 9 $ 4 $ (1) Total revenues for reportable segments $ 1,901 $ 828 $ 797 $ 1,305 $ 642 $ 349 $ 317 __________ (a) Includes revenues from transmission revenue from PJM, wholesale electric revenue and mutual assistance revenue. (b) Includes operating revenues from affiliates in 2024 and 2023 respectively of: • $2 million, $2 million at ComEd • $2 million, $1 million at PECO • $2 million, $1 million at BGE • $2 million, $2 million at PHI • $2 million, $2 million at Pepco • $1 million, $2 million at DPL • $1 million, $1 million at ACE (c) Includes revenues from off-system natural gas sales. (d) Includes operating revenues from affiliates in 2024 and 2023 respectively of: • less than $1 million, $1 million at PECO • less than $1 million, $1 million at BGE (e) Includes late payment charge revenues. ComEd PECO BGE PHI Other (a) Intersegment Exelon Operating revenues (b) : 2024 Electric revenues $ 4,174 $ 1,577 $ 1,664 $ 2,973 $ — $ (11) $ 10,377 Natural gas revenues — 368 561 100 — (3) 1,026 Shared service and other revenues — — — 4 928 (932) — Total operating revenues $ 4,174 $ 1,945 $ 2,225 $ 3,077 $ 928 $ (946) $ 11,403 2023 Electric revenues $ 3,568 $ 1,514 $ 1,485 $ 2,711 $ — $ (14) $ 9,264 Natural gas revenues — 426 568 126 — (4) 1,116 Shared service and other revenues — — — 4 871 (875) — Total operating revenues $ 3,568 $ 1,940 $ 2,053 $ 2,841 $ 871 $ (893) $ 10,380 Intersegment revenues (c) : 2024 $ 4 $ 4 $ 5 $ 4 $ 924 $ (941) $ — 2023 5 4 4 4 867 (884) — Depreciation and amortization: 2024 $ 737 $ 210 $ 312 $ 481 $ 33 $ — $ 1,773 2023 688 197 325 484 31 2 1,727 Operating expenses: 2024 $ 3,462 $ 1,603 $ 1,802 $ 2,539 $ 943 $ (963) $ 9,386 2023 2,734 1,590 1,667 2,423 1,046 (889) 8,571 Interest expense, net: 2024 $ 246 $ 112 $ 103 $ 183 $ 308 $ (2) $ 950 2023 237 97 88 157 263 (2) 840 Income taxes: 2024 $ 49 $ 13 $ 28 $ 86 $ (67) $ — $ 109 2023 142 5 65 54 (60) — 206 Net income (loss): 2024 $ 463 $ 239 $ 308 $ 326 $ (230) $ — $ 1,106 2023 489 263 241 258 (235) (4) 1,012 Capital expenditures: 2024 $ 1,111 $ 743 $ 668 $ 903 $ 41 $ — $ 3,466 2023 1,262 707 656 1,022 38 — 3,685 Total assets: June 30, 2024 $ 44,248 $ 16,354 $ 14,945 $ 27,501 $ 6,077 $ (4,012) $ 105,113 December 31, 2023 42,827 15,595 14,184 26,903 6,374 (4,337) 101,546 __________ (a) Other primarily includes Exelon’s corporate operations, shared service entities, and other financing and investment activities. (b) Includes gross utility tax receipts from customers. The offsetting remittance of utility taxes to the governing bodies is recorded in Taxes other than income taxes in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. See Note 14 — Supplemental Financial Information for additional information on total utility taxes. (c) See Note 15 — Related Party Transactions for additional information on intersegment revenues. PHI: Pepco DPL ACE Other (a) Intersegment PHI Operating revenues (b) : 2024 Electric revenues $ 1,459 $ 780 $ 740 $ — $ (6) $ 2,973 Natural gas revenues — 100 — — — 100 Shared service and other revenues — — — 224 (220) 4 Total operating revenues $ 1,459 $ 880 $ 740 $ 224 $ (226) $ 3,077 2023 Electric revenues $ 1,351 $ 697 $ 670 $ — $ (7) $ 2,711 Natural gas revenues — 126 — — — 126 Shared service and other revenues — — — 207 (203) 4 Total operating revenues $ 1,351 $ 823 $ 670 $ 207 $ (210) $ 2,841 Intersegment revenues (c) : 2024 $ 3 $ 3 $ 1 $ 224 $ (227) $ 4 2023 3 3 1 206 (209) 4 Depreciation and amortization: 2024 $ 205 $ 122 $ 146 $ 8 $ — $ 481 2023 216 121 135 12 — 484 Operating expenses: 2024 $ 1,174 $ 723 $ 641 $ 228 $ (227) $ 2,539 2023 1,151 693 577 212 (210) 2,423 Interest expense, net: 2024 $ 92 $ 46 $ 39 $ 6 $ — $ 183 2023 81 36 34 6 — 157 Income taxes: 2024 $ 42 $ 25 $ 18 $ 1 $ — $ 86 2023 22 17 17 (2) — 54 Net income (loss): 2024 $ 183 $ 101 $ 50 $ (8) $ — $ 326 2023 130 85 51 (8) — 258 Capital expenditures: 2024 $ 454 $ 268 $ 180 $ 1 $ — $ 903 2023 483 258 275 6 — 1,022 Total assets: June 30, 2024 $ 11,542 $ 6,277 $ 5,327 $ 4,764 $ (409) $ 27,501 December 31, 2023 11,194 5,966 5,157 4,627 (41) 26,903 __________ (a) Other primarily includes PHI’s corporate operations, shared service entities, and other financing and investment activities. (b) Includes gross utility tax receipts from customers. The offsetting remittance of utility taxes to the governing bodies is recorded in Taxes other than income taxes in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. See Note 14 — Supplemental Financial Information for additional information on total utility taxes. (c) Includes intersegment revenues with ComEd, PECO, and BGE, which are eliminated at Exelon. |
Schedule of Revenue by Major Customers by Reporting Segments | The following tables disaggregate the Registrants' revenues 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 the Utility Registrants, the disaggregation of revenues reflects the two primary utility services of electric sales and natural gas sales (where applicable), with further disaggregation of these tariff sales provided by major customer groups. Exelon’s disaggregated revenues are consistent with the Utility Registrants, but exclude any intercompany revenues. Six Months Ended June 30, 2024 Revenues from contracts with customers ComEd PECO BGE PHI Pepco DPL ACE Electric revenues Residential $ 1,900 $ 1,042 $ 999 $ 1,521 $ 659 $ 458 $ 404 Small commercial & industrial 1,154 254 178 316 89 122 105 Large commercial & industrial 589 118 271 669 513 60 96 Public authorities & electric railroads 32 14 15 36 18 8 10 Other (a) 523 147 194 396 138 126 134 Total electric revenues (b) $ 4,198 $ 1,575 $ 1,657 $ 2,938 $ 1,417 $ 774 $ 749 Natural gas revenues Residential $ — $ 256 $ 360 $ 61 $ — $ 61 $ — Small commercial & industrial — 89 65 24 — 24 — Large commercial & industrial — — 112 3 — 3 — Transportation — 13 — 9 — 9 — Other (c) — 9 8 3 — 3 — Total natural gas revenues (d) $ — $ 367 $ 545 $ 100 $ — $ 100 $ — Total revenues from contracts with customers $ 4,198 $ 1,942 $ 2,202 $ 3,038 $ 1,417 $ 874 $ 749 Other revenues Revenues from alternative revenue programs $ (24) $ (2) $ 19 $ 32 $ 37 $ 4 $ (9) Other electric revenues (e) — 4 3 7 5 2 — Other natural gas revenues (e) — 1 1 — — — — Total other revenues $ (24) $ 3 $ 23 $ 39 $ 42 $ 6 $ (9) Total revenues for reportable segments $ 4,174 $ 1,945 $ 2,225 $ 3,077 $ 1,459 $ 880 $ 740 Six Months Ended June 30, 2023 Revenues from contracts with customers ComEd PECO BGE PHI Pepco DPL ACE Electric revenues Residential $ 1,698 $ 963 $ 796 $ 1,221 $ 549 $ 371 $ 301 Small commercial & industrial 823 267 167 304 80 119 105 Large commercial & industrial 290 129 268 714 535 66 113 Public authorities & electric railroads 22 16 14 33 16 8 9 Other (a) 450 139 198 362 120 119 126 Total electric revenues (b) $ 3,283 $ 1,514 $ 1,443 $ 2,634 $ 1,300 $ 683 $ 654 Natural gas revenues Residential $ — $ 292 $ 349 $ 76 $ — $ 76 $ — Small commercial & industrial — 107 56 33 — 33 — Large commercial & industrial — 1 100 2 — 2 — Transportation — 13 — 8 — 8 — Other (c) — 11 24 7 — 7 — Total natural gas revenues (d) $ — $ 424 $ 529 $ 126 $ — $ 126 $ — Total revenues from contracts with customers $ 3,283 $ 1,938 $ 1,972 $ 2,760 $ 1,300 $ 809 $ 654 Other revenues Revenues from alternative revenue programs $ 270 $ (10) $ 70 $ 74 $ 46 $ 12 $ 16 Other electric revenues (e) 15 10 8 7 5 2 — Other natural gas revenues (e) — 2 3 — — — — Total other revenues $ 285 $ 2 $ 81 $ 81 $ 51 $ 14 $ 16 Total revenues for reportable segments $ 3,568 $ 1,940 $ 2,053 $ 2,841 $ 1,351 $ 823 $ 670 __________ (a) Includes revenues from transmission revenue from PJM, wholesale electric revenue and mutual assistance revenue. (b) Includes operating revenues from affiliates in 2024 and 2023 respectively of: • $4 million, $5 million at ComEd • $3 million, $3 million at PECO • $4 million, $2 million at BGE • $4 million, $4 million at PHI • $3 million, $3 million at Pepco • $3 million, $3 million at DPL • $1 million, $1 million at ACE (c) Includes revenues from off-system natural gas sales. (d) Includes operating revenues from affiliates in 2024 and 2023 respectively of: • $1 million, $1 million at PECO • $1 million, $2 million at BGE (e) Includes late payment charge revenues. |
Accounts Receivable (Tables)
Accounts Receivable (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract] | |
Allowance for credit loss rollforward | The following tables present the rollforward of Allowance for Credit Losses on Customer Accounts Receivable. Three Months Ended June 30, 2024 Exelon ComEd PECO BGE PHI Pepco DPL ACE Balance at March 31, 2024 $ 346 $ 82 $ 107 $ 52 $ 105 $ 52 $ 17 $ 36 Plus: Current period provision (benefit) for expected credit losses (a)(b)(c) 55 38 11 (1) 7 5 1 1 Less: Write-offs, net of recoveries (d) 29 8 6 6 9 4 2 3 Balance at June 30, 2024 $ 372 $ 112 $ 112 $ 45 $ 103 $ 53 $ 16 $ 34 Three Months Ended June 30, 2023 Exelon ComEd PECO BGE PHI Pepco DPL ACE Balance at March 31, 2023 $ 389 $ 74 $ 130 $ 73 $ 112 $ 49 $ 26 $ 37 Plus: Current period (benefit) provision for expected credit losses (35) (1) (20) (16) 2 4 (3) 1 Less: Write-offs, net of recoveries 31 6 9 7 9 3 2 4 Balance at June 30, 2023 $ 323 $ 67 $ 101 $ 50 $ 105 $ 50 $ 21 $ 34 Six Months Ended June 30, 2024 Exelon ComEd PECO BGE PHI Pepco DPL ACE Balance at December 31, 2023 $ 317 $ 69 $ 95 $ 46 $ 107 $ 52 $ 19 $ 36 Plus: Current period provision for expected credit losses (a)(e) 135 60 34 14 27 18 4 5 Less: Write-offs (f)(g) , net of recoveries (d) 80 17 17 15 31 17 7 7 Balance at June 30, 2024 $ 372 $ 112 $ 112 $ 45 $ 103 $ 53 $ 16 $ 34 Six Months Ended June 30, 2023 Exelon ComEd PECO BGE PHI Pepco DPL ACE Balance at December 31, 2022 $ 327 $ 59 $ 105 $ 54 $ 109 $ 47 $ 21 $ 41 Plus: Current period provision for expected credit losses 71 21 18 14 18 13 4 1 Less: Write-offs, net of recoveries 75 13 22 18 22 10 4 8 Balance at June 30, 2023 $ 323 $ 67 $ 101 $ 50 $ 105 $ 50 $ 21 $ 34 _________ (a) For PECO and ComEd, the increase is primarily a result of increased aging of receivables. (b) For BGE, the increase is primarily a result of changes in customer risk profile. (c) For DPL, the increase is primarily a result of increased receivable balances. (d) Recoveries were not material to the Registrants. (e) For Pepco and ACE, the increase is primarily a result of increased receivable balances. (f) For PECO, the decrease is primarily a result of decreased disconnection activities. (g) For Pepco and DPL, the increase is primarily attributable to unfavorable customer payment behavior. The following tables present the rollforward of Allowance for Credit Losses on Other Accounts Receivable. Three Months Ended June 30, 2024 Exelon ComEd PECO BGE PHI Pepco DPL ACE Balance at March 31, 2024 $ 96 $ 19 $ 13 $ 7 $ 57 $ 35 $ 8 $ 14 Plus: Current period provision (benefit) for expected credit losses (a)(b) 16 11 9 (1) (3) (1) (1) (1) Less: Write-offs, net of recoveries (c) 4 1 2 1 — — — — Balance at June 30, 2024 $ 108 $ 29 $ 20 $ 5 $ 54 $ 34 $ 7 $ 13 Three Months Ended June 30, 2023 Exelon ComEd PECO BGE PHI Pepco DPL ACE Balance at March 31, 2023 $ 91 $ 18 $ 11 $ 12 $ 50 $ 28 $ 8 $ 14 Plus: Current period provision (benefit) for expected credit losses 1 1 (2) (2) 4 3 1 — Less: Write-offs, net of recoveries 5 1 1 2 1 — — 1 Balance at June 30, 2023 $ 87 $ 18 $ 8 $ 8 $ 53 $ 31 $ 9 $ 13 Six Months Ended June 30, 2024 Exelon ComEd PECO BGE PHI Pepco DPL ACE Balance at December 31, 2023 $ 82 $ 17 $ 8 $ 7 $ 50 $ 28 $ 8 $ 14 Plus: Current period provision (benefit) for expected credit losses (a) 36 14 15 1 6 6 (1) 1 Less: Write-offs, net of recoveries (c) 10 2 3 3 2 — — 2 Balance at June 30, 2024 $ 108 $ 29 $ 20 $ 5 $ 54 $ 34 $ 7 $ 13 Six Months Ended June 30, 2023 Exelon ComEd PECO BGE PHI Pepco DPL ACE Balance at December 31, 2022 $ 82 $ 17 $ 9 $ 10 $ 46 $ 25 $ 7 $ 14 Plus: Current period provision for expected credit losses 15 3 1 2 9 6 2 1 Less: Write-offs, net of recoveries 10 2 2 4 2 — — 2 Balance at June 30, 2023 $ 87 $ 18 $ 8 $ 8 $ 53 $ 31 $ 9 $ 13 _________ (a) For PECO and ComEd, the increase is primarily a result of increased aging of receivables. (b) For Pepco, the decrease is primarily a result of decreased receivable balances. (c) Recoveries were not material to the Registrants. |
Unbilled customer revenue | The following table provides additional information about unbilled customer revenues recorded in the Registrants' Consolidated Balance Sheets at June 30, 2024 and December 31, 2023. Unbilled customer revenues (a) Exelon ComEd PECO BGE PHI Pepco DPL ACE June 30, 2024 $ 1,059 $ 425 $ 204 $ 179 $ 251 $ 110 $ 50 $ 91 December 31, 2023 991 351 185 208 247 109 64 74 __________ (a) Unbilled customer revenues are classified in Customer accounts receivable, net in the Registrants' Consolidated Balance Sheets. |
Purchases of accounts receivable | For the six months ended June 30, 2024 and 2023 the Utility Registrants were required, under separate legislation and regulations in Illinois, Pennsylvania, Maryland, District of Columbia, Delaware, and New Jersey, to purchase certain receivables from alternative retail electric and, as applicable, natural gas suppliers that participated in the utilities' consolidated billing. The following table presents the total receivables purchased. Total receivables purchased Exelon ComEd PECO BGE PHI Pepco DPL ACE Six months ended June 30, 2024 $ 1,961 $ 450 $ 527 $ 393 $ 591 $ 375 $ 115 $ 101 Six months ended June 30, 2023 1,979 445 546 420 568 371 107 90 |
Income Taxes (Tables)
Income Taxes (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Income Tax Disclosure [Abstract] | |
Schedule of Effective Income Tax 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, 2024 (a) Exelon ComEd (b) PECO (c) BGE (b) 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 % Increase (decrease) due to: State income taxes, net of federal income tax benefit 5.0 7.8 (1.3) 6.4 6.6 6.1 6.2 7.6 Plant basis differences (3.9) (0.8) (13.0) (1.8) (0.9) (1.5) (0.9) 0.2 Excess deferred tax amortization (13.2) (17.4) (2.3) (17.5) (3.8) (4.8) (6.6) (1.6) Amortization of investment tax credit, including deferred taxes on basis difference (0.1) (0.1) — — (0.1) — (0.1) (0.1) Tax credits (0.5) (0.5) — (0.5) (0.4) (0.4) (0.3) (0.2) Other 1.0 0.3 (1.2) 0.7 0.1 0.2 (0.3) 0.7 Effective income tax rate 9.3 % 10.3 % 3.2 % 8.3 % 22.5 % 20.6 % 19.0 % 27.6 % Three Months Ended June 30, 2023 (a) Exelon ComEd PECO (c) 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 % Increase (decrease) due to: State income taxes, net of federal income tax benefit 6.5 7.8 (1.2) 6.8 6.2 5.6 6.3 7.1 Plant basis differences (4.8) (0.6) (15.8) 0.1 (1.6) (2.6) (1.1) — Excess deferred tax amortization (7.4) (5.6) (2.4) (5.3) (8.0) (9.9) (9.9) (2.0) Amortization of investment tax credit, including deferred taxes on basis difference (0.1) (0.1) — (0.1) (0.1) — (0.1) (0.1) Tax credits (0.5) (0.3) — (0.4) (0.9) (1.1) (0.4) (0.3) Other 2.8 — 0.4 0.1 (0.3) 0.5 0.9 (0.7) Effective income tax rate 17.5 % 22.2 % 2.0 % 22.2 % 16.3 % 13.5 % 16.7 % 25.0 % __________ (a) Positive percentages represent income tax expense. Negative percentages represent income tax benefit. (b) For ComEd, the lower effective tax rate is primarily due to CEJA which resulted in the acceleration of certain income tax benefits. For BGE, the lower effective tax rate is primarily due to the Maryland multi-year plan which resulted in the acceleration of certain income tax benefits. (c) For PECO, the lower effective tax rate is primarily related to plant basis differences attributable to tax repair deductions. Six Months Ended June 30, 2024 (a) Exelon ComEd (b) PECO (c) BGE (b) 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 % Increase (decrease) due to: State income taxes, net of federal income tax benefit 5.8 7.8 (0.9) 6.3 6.5 6.1 6.2 7.4 Plant basis differences (3.9) (0.8) (12.5) (1.3) (0.9) (1.4) (1.0) 0.1 Excess deferred tax amortization (14.1) (18.0) (2.3) (17.5) (5.3) (6.8) (5.8) (1.5) Amortization of investment tax credit, including deferred taxes on basis difference (0.1) (0.1) — — (0.1) — (0.1) (0.1) Tax credits (0.5) (0.5) — (0.4) (0.4) (0.4) (0.3) (0.3) Other 0.8 0.2 (0.1) 0.2 0.1 0.2 (0.2) (0.1) Effective income tax rate 9.0 % 9.6 % 5.2 % 8.3 % 20.9 % 18.7 % 19.8 % 26.5 % Six Months Ended June 30, 2023 (a) Exelon ComEd PECO (c) 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 % Increase (decrease) due to: State income taxes, net of federal income tax benefit 6.2 7.8 (1.3) 6.4 6.1 5.5 6.3 6.9 Plant basis differences (4.3) (0.4) (15.4) (0.6) (1.7) (2.6) (1.0) (0.6) Excess deferred tax amortization (6.7) (5.6) (2.4) (5.4) (7.4) (9.1) (9.2) (2.0) Amortization of investment tax credit, including deferred taxes on basis difference (0.1) (0.1) — (0.1) (0.1) — (0.1) (0.1) Tax credits (0.5) (0.3) — (0.4) (0.6) (0.8) (0.4) (0.3) Other 1.3 0.1 — 0.3 — 0.5 0.1 0.1 Effective income tax rate 16.9 % 22.5 % 1.9 % 21.2 % 17.3 % 14.5 % 16.7 % 25.0 % __________ (a) Positive percentages represent income tax expense. Negative percentages represent income tax benefit. (b) For ComEd, the lower effective tax rate is primarily due to CEJA which resulted in the acceleration of certain income tax benefits. For BGE, the lower effective tax rate is primarily due to the Maryland multi-year plan which resulted in the acceleration of certain income tax benefits. (c) For PECO, the lower effective tax rate is primarily related to plant basis differences attributable to tax repair deductions. |
Schedule of Unrecognized Tax Benefits Roll Forward | Exelon, PHI and ACE have the following unrecognized tax benefits at June 30, 2024 and December 31, 2023. ComEd's, PECO's, BGE's, Pepco's, and DPL's amounts are not material. Exelon (a) PHI ACE June 30, 2024 $ 95 $ 51 $ 15 December 31, 2023 94 51 15 __________ (a) |
Retirement Benefits (Tables)
Retirement Benefits (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
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 tables present the components of Exelon's net periodic benefit costs, prior to capitalization, for the three and six months ended June 30, 2024 and 2023. Pension Benefits OPEB Three Months Ended June 30, Three Months Ended June 30, 2024 2023 2024 2023 Components of net periodic benefit cost Service cost $ 40 $ 38 $ 7 $ 6 Interest cost 141 144 24 26 Expected return on assets (184) (188) (21) (21) Amortization of: Prior service credit — — (2) (3) Actuarial loss (gain) 54 43 — (1) Net periodic benefit cost $ 51 $ 37 $ 8 $ 7 Pension Benefits OPEB Six Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Components of net periodic benefit cost Service cost $ 82 $ 77 $ 14 $ 12 Interest cost 282 289 48 51 Expected return on assets (368) (377) (42) (42) Amortization of: Prior service cost (credit) 1 1 (4) (5) Actuarial loss (gain) 107 84 — (1) Net periodic benefit cost $ 104 $ 74 $ 16 $ 15 |
Allocated Portion of Pension and Postretirement Benefit Costs | The amounts below represent the Registrants' allocated pension and OPEB costs. For Exelon, the service cost component is included in Operating and maintenance expense and Property, plant, and equipment, net while the non-service cost components are included in Other, net and Regulatory assets. For the Utility Registrants, which apply multi-employer accounting, 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. Three Months Ended June 30, Six Months Ended June 30, Pension and OPEB Costs (Benefit) 2024 2023 2024 2023 Exelon $ 59 $ 44 $ 120 $ 89 ComEd 19 7 36 13 PECO — (4) — (7) BGE 16 14 31 28 PHI 23 25 46 49 Pepco 7 9 16 17 DPL 3 5 7 9 ACE 4 3 7 7 |
Defined Contribution Savings Plans | The Registrants participate in a 401(k) defined contribution savings plan that is sponsored by Exelon. The plan is qualified under applicable sections of the IRC and allows 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 employer contributions and employer matching contributions to the savings plan for the three and six months ended June 30, 2024 and 2023. Three Months Ended June 30, Six Months Ended June 30, Savings Plan Employer Contributions 2024 2023 2024 2023 Exelon $ 29 $ 26 $ 51 $ 47 ComEd 10 10 20 19 PECO 5 4 8 7 BGE 3 3 6 5 PHI 6 5 8 8 Pepco 1 1 2 2 DPL 1 1 2 2 ACE 1 1 1 1 |
Derivative Instruments and Hedg
Derivative Instruments and Hedging Activities (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Schedule of Derivative Instruments | 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 Electricity NPNS Fixed price contracts for default supply requirements through full requirements contracts. Gas NPNS Fixed price contracts to cover about 10% 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 purchases associated with forecasted gas supply requirements. 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 and index priced contracts through full requirements contracts. Gas Changes in fair value of economic hedge recorded to an offsetting regulatory asset or liability (b) Exchange traded future contracts for up to 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 3 — Regulatory Matters of the 2023 Form 10-K for additional information. (b) The fair value of the DPL economic hedge is not material at June 30, 2024 and December 31, 2023. |
Schedule of Interest Rate Derivatives | Below is a summary of the interest rate hedge balances at June 30, 2024 and December 31, 2023 . June 30, 2024 Derivatives Designated Economic Hedges Total Other deferred debits (noncurrent assets) $ 4 $ — $ 4 Total derivative assets 4 — 4 Mark-to-market derivative liabilities (noncurrent liabilities) (5) — (5) Total mark-to-market derivative liabilities (5) — (5) Total mark-to-market derivative net liabilities $ (1) $ — $ (1) December 31, 2023 Derivatives Designated Economic Hedges Total Other current assets $ 11 $ 1 $ 12 Total derivative assets 11 1 12 Mark-to-market derivative liabilities (current liabilities) (24) (22) (46) Total mark-to-market derivative liabilities (24) (22) (46) Total mark-to-market derivative net liabilities $ (13) $ (21) $ (34) |
Schedule of Notional Amounts of Outstanding Derivative Positions | The following table provides the notional amounts outstanding held by Exelon at June 30, 2024 and December 31, 2023. June 30, 2024 December 31, 2023 5-year maturity floating-to-fixed swaps $ 397 $ 655 10-year maturity floating-to-fixed swaps 398 655 Total $ 795 $ 1,310 |
Economic Hedges (Commodity Price Risk) | Exelon Corporate recognized the following net pre-tax mark-to-market (losses) which are also recognized in Net fair value changes related to derivatives in Exelon's Consolidated Statements of Cash Flows. Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 Income Statement Location Gain (Loss) Gain (Loss) Electric operating revenues $ — $ (6) Interest expense — 2 Total $ — $ (4) |
Cash collateral held with external counterparties | The following table reflects the Registrants' cash collateral held from external counterparties, which is recorded in Other current liabilities on their respective Consolidated Balance Sheets, as of June 30, 2024 and December 31, 2023: June 30, 2024 December 31, 2023 Exelon $ 161 $ 148 ComEd 158 146 PECO (a) — — BGE 1 1 PHI 3 1 Pepco 1 1 DPL (b) — — ACE 2 — __________ (a) PECO had less than one million in cash collateral held with external parties at June 30, 2024 and December 31, 2023. (b) |
Debt and Credit Agreements (A_2
Debt and Credit Agreements (All Registrants) (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Debt Disclosure [Abstract] | |
Schedule of Commercial Paper Borrowings | The following table reflects the Registrants' commercial paper programs supported by the revolving credit agreements at June 30, 2024 and December 31, 2023. Outstanding Commercial Average Interest Rate on Commercial Paper Issuer June 30, 2024 December 31, 2023 June 30, 2024 December 31, 2023 Exelon (a) $ 954 $ 1,624 5.51 % 5.58 % ComEd $ 78 $ 202 5.41 % 5.53 % PECO $ 260 $ 165 5.43 % 5.57 % BGE $ — $ 336 — % 5.59 % PHI (b) $ — $ 394 — % 5.60 % Pepco $ — $ 132 — % 5.59 % DPL $ — $ 63 — % 5.60 % ACE $ — $ 199 — % 5.60 % __________ (a) Exelon Corporate had $616 million and $527 million in outstanding commercial paper borrowings at June 30, 2024 and December 31, 2023, respectively. (b) Represents the consolidated amounts of Pepco, DPL, and ACE. |
Schedule of Revolving Credit Agreements | Exelon Corporate and the Utility Registrants each have a 5-year revolving credit facility. The following table reflects the credit agreements: Borrower Aggregate Bank Commitment Interest Rate Exelon Corporate $ 900 SOFR plus 1.275 % ComEd $ 1,000 SOFR plus 1.000 % PECO $ 600 SOFR plus 0.900 % BGE $ 600 SOFR plus 0.900 % Pepco $ 300 SOFR plus 1.075 % DPL $ 300 SOFR plus 1.000 % ACE $ 300 SOFR plus 1.000 % |
Schedule of Long-term Debt Instruments | During the six months ended June 30, 2024, the following long-term debt was issued: Company Type Interest Rate Maturity Amount Use of Proceeds Exelon Notes 5.15% March 15, 2029 $650 Repay Exelon SMBC Term Loan, outstanding commercial paper, and for general corporate purposes. Exelon Notes 5.45% March 15, 2034 $650 Repay Exelon SMBC Term Loan, outstanding commercial paper, and for general corporate purposes. Exelon Notes 5.60% March 15, 2053 $400 Repay Exelon SMBC Term Loan, outstanding commercial paper, and for general corporate purposes. ComEd First Mortgage Bonds 5.30% June 1, 2034 $400 Repay existing indebtedness, repay outstanding commercial paper obligations, and to fund other general corporate purposes. ComEd First Mortgage Bonds 5.65% June 1, 2054 $400 Repay existing indebtedness, repay outstanding commercial paper obligations, and to fund other general corporate purposes. BGE Notes 5.30% June 1, 2034 $400 Repay outstanding commercial paper obligations and for general corporate purposes BGE Notes 5.65% June 1, 2054 $400 Repay outstanding commercial paper obligations and for general corporate purposes Pepco First Mortgage Bonds 5.20% March 15, 2034 $375 Refinance existing indebtedness, refinance outstanding commercial paper obligations, and for general corporate purposes. Pepco First Mortgage Bonds 5.50% March 15, 2054 $300 Refinance existing indebtedness, refinance outstanding commercial paper obligations, and for general corporate purposes. DPL First Mortgage Bonds 5.24% March 20, 2034 $100 Repay existing indebtedness and for general corporate purposes. DPL First Mortgage Bonds 5.55% March 20, 2054 $75 Repay existing indebtedness and for general corporate purposes. ACE (a) First Mortgage Bonds 5.55% March 20, 2054 $75 Repay existing indebtedness and for general corporate purposes. __________ (a) On March 20, 2024, ACE entered into a purchase agreement of First Mortgage Bonds of $75 million and $100 million at 5.29% and 5.49% due on August 28, 2034 and August 28, 2039, respectively. The closing date of the issuance is expected to occur in August 2024. |
Fair Value of Financial Asset_2
Fair Value of Financial Assets and Liabilities (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
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, and trust preferred securities (long-term debt to financing trusts or junior subordinated debentures) as of June 30, 2024 and December 31, 2023. The Registrants have no financial liabilities measured using the NAV practical expedient. The carrying amounts of the Registrants’ short-term liabilities as presented in their Consolidated Balance Sheets are representative of their fair value (Level 2) because of the short-term nature of these instruments. June 30, 2024 December 31, 2023 Carrying Amount Fair Value Carrying Amount Fair Value Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Long-Term Debt, including amounts due within one year (a) Exelon $ 44,347 $ — $ 35,380 $ 3,559 $ 38,939 $ 41,095 $ — $ 33,804 $ 3,442 $ 37,246 ComEd 12,276 — 10,530 — 10,530 11,486 — 10,210 — 10,210 PECO 5,135 — 4,289 — 4,289 5,134 — 4,562 — 4,562 BGE 5,394 — 4,693 — 4,693 4,602 — 4,145 — 4,145 PHI 9,148 — 4,288 3,559 7,847 8,648 — 4,160 3,442 7,602 Pepco 4,362 — 2,489 1,545 4,034 4,096 — 2,311 1,600 3,911 DPL 2,254 — 661 1,257 1,918 2,080 — 694 1,134 1,828 ACE 1,909 — 929 757 1,686 1,833 — 939 708 1,647 Long-Term Debt to Financing Trusts Exelon $ 390 $ — $ — $ 390 $ 390 $ 390 $ — $ — $ 390 $ 390 ComEd 206 — — 203 203 205 — — 208 208 PECO 184 — — 187 187 184 — — 182 182 __________ (a) |
Schedule of Fair Value, Assets and Liabilities Measured 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 at June 30, 2024 and December 31, 2023. Exelon and the Utility Registrants have immaterial and no financial assets or liabilities measured using the NAV practical expedient, respectively: Exelon At June 30, 2024 At December 31, 2023 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets Cash equivalents (a) $ 1,226 $ — $ — $ 1,226 $ 618 $ — $ — $ 618 Rabbi trust investments Cash equivalents 90 — — 90 67 — — 67 Mutual funds 59 — — 59 53 — — 53 Fixed income — 7 — 7 — 7 — 7 Life insurance contracts — 67 23 90 — 61 43 104 Rabbi trust investments subtotal 149 74 23 246 120 68 43 231 Interest rate derivative assets Derivatives designated as hedging instruments — 4 — 4 — 11 — 11 Economic hedges — — — — — 1 — 1 Interest rate derivative assets subtotal — 4 — 4 — 12 — 12 Total assets 1,375 78 23 1,476 738 80 43 861 Liabilities Commodity derivative liabilities — — (139) (139) — — (133) (133) Interest rate derivative liabilities Derivatives designated as hedging instruments — (5) — (5) — (24) — (24) Economic hedges — — — — — (22) — (22) Interest rate derivative liabilities subtotal — (5) — (5) — (46) — (46) Deferred compensation obligation — (69) — (69) — (75) — (75) Total liabilities — (74) (139) (213) — (121) (133) (254) Total net assets (liabilities) $ 1,375 $ 4 $ (116) $ 1,263 $ 738 $ (41) $ (90) $ 607 __________ (a) Exelon excludes cash of $151 million and $334 million at June 30, 2024 and December 31, 2023, respectively, and restricted cash of $158 million and $149 million at June 30, 2024 and December 31, 2023, respectively, and includes long-term restricted cash of $71 million and $174 million at June 30, 2024 and December 31, 2023, respectively, which is reported in Other deferred debits and other assets in the Consolidated Balance Sheets. ComEd, PECO, and BGE ComEd PECO BGE At June 30, 2024 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) $ 634 $ — $ — $ 634 $ 11 $ — $ — $ 11 $ 418 $ — $ — $ 418 Rabbi trust investments Mutual funds — — — — 10 — — 10 9 — — 9 Life insurance contracts — — — — — 19 — 19 — — — — Rabbi trust investments subtotal — — — — 10 19 — 29 9 — — 9 Total assets 634 — — 634 21 19 — 40 427 — — 427 Liabilities Commodity derivative liabilities (b) — — (139) (139) — — — — — — — — Deferred compensation obligation — (8) — (8) — (7) — (7) — (4) — (4) Total liabilities — (8) (139) (147) — (7) — (7) — (4) — (4) Total net assets (liabilities) $ 634 $ (8) $ (139) $ 487 $ 21 $ 12 $ — $ 33 $ 427 $ (4) $ — $ 423 ComEd PECO BGE At December 31, 2023 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) $ 453 $ — $ — $ 453 $ 9 $ — $ — $ 9 $ — $ — $ — $ — Rabbi trust investments Mutual funds — — — — 9 — — 9 9 — — 9 Life insurance contracts — — — — — 18 — 18 — — — — Rabbi trust investments subtotal — — — — 9 18 — 27 9 — — 9 Total assets 453 — — 453 18 18 — 36 9 — — 9 Liabilities Commodity derivative liabilities (b) — — (133) (133) — — — — — — — — Deferred compensation obligation — (8) — (8) — (8) — (8) — (4) — (4) Total liabilities — (8) (133) (141) — (8) — (8) — (4) — (4) Total net assets (liabilities) $ 453 $ (8) $ (133) $ 312 $ 18 $ 10 $ — $ 28 $ 9 $ (4) $ — $ 5 __________ (a) ComEd excludes cash of $51 million and $86 million at June 30, 2024 and December 31, 2023, respectively, and restricted cash of $158 million and $147 million at June 30, 2024 and December 31, 2023, respectively. Additionally, ComEd includes long-term restricted cash of $71 million and $174 million at June 30, 2024 and December 31, 2023, respectively, which is reported in Other deferred debits and other assets in the Consolidated Balance Sheets. PECO excludes cash of $17 million and $42 million at June 30, 2024 and December 31, 2023, respectively. BGE excludes cash of $10 million and $47 million at June 30, 2024 and December 31, 2023, respectively, and restricted cash of zero and $1 million at June 30, 2024 and December 31, 2023, respectively. (b) The Level 3 balance consists of the current and noncurrent liability of $23 million and $116 million, respectively, at June 30, 2024 and $27 million and $106 million, respectively, at December 31, 2023 related to floating-to-fixed energy swap contracts with unaffiliated suppliers. PHI, Pepco, DPL, and ACE At June 30, 2024 At December 31, 2023 PHI Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets Cash equivalents (a) $ 97 $ — $ — $ 97 $ 107 $ — $ — $ 107 Rabbi trust investments Cash equivalents 87 — — 87 64 — — 64 Mutual funds 10 — — 10 9 — — 9 Fixed income — 7 — 7 — 7 — 7 Life insurance contracts — 22 22 44 — 21 41 62 Rabbi trust investments subtotal 97 29 22 148 73 28 41 142 Total assets 194 29 22 245 180 28 41 249 Liabilities Deferred compensation obligation — (11) — (11) — (13) — (13) Total liabilities — (11) — (11) — (13) — (13) Total net assets $ 194 $ 18 $ 22 $ 234 $ 180 $ 15 $ 41 $ 236 Pepco DPL ACE At June 30, 2024 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) $ 21 $ — $ — $ 21 $ 45 $ — $ — $ 45 $ — $ — $ — $ — Rabbi trust investments Cash equivalents 87 — — 87 — — — — — — — — Life insurance contracts — 22 22 44 — — — — — — — — Rabbi trust investments subtotal 87 22 22 131 — — — — — — — — Total assets 108 22 22 152 45 — — 45 — — — — Liabilities Deferred compensation obligation — (1) — (1) — — — — — — — — Total liabilities — (1) — (1) — — — — — — — — Total net assets $ 108 $ 21 $ 22 $ 151 $ 45 $ — $ — $ 45 $ — $ — $ — $ — Pepco DPL ACE At December 31, 2023 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) $ 23 $ — $ — $ 23 $ 1 $ — $ — $ 1 $ — $ — $ — $ — Rabbi trust investments Cash equivalents 63 — — 63 — — — — — — — — Life insurance contracts — 21 41 62 — — — — — — — — Rabbi trust investments subtotal 63 21 41 125 — — — — — — — — Total assets 86 21 41 148 1 — — 1 — — — — Liabilities Deferred compensation obligation — (1) — (1) — — — — — — — — Total liabilities — (1) — (1) — — — — — — — — Total net assets $ 86 $ 20 $ 41 $ 147 $ 1 $ — $ — $ 1 $ — $ — $ — $ — __________ (a) |
Fair Value Reconciliation of Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis | Reconciliation of Level 3 Assets and Liabilities 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, 2024 and 2023: Exelon ComEd PHI and Pepco Three Months Ended June 30, 2024 Total Commodity Life Insurance Contracts Balance at March 31, 2024 $ (65) $ (108) $ 41 Total realized / unrealized gains (losses) Included in net income (a) 1 — 2 Included in regulatory assets/liabilities (31) (31) (b) — Purchases, sales, and settlements Settlements (21) — (21) Balance at June 30, 2024 $ (116) $ (139) (c) $ 22 The amount of total gains included in income attributed to the change in unrealized gains related to assets and liabilities at June 30, 2024 $ 2 $ — $ 2 Exelon ComEd PHI and Pepco Three Months Ended June 30, 2023 Total Commodity Life Insurance Contracts Balance at March 31, 2023 $ (57) $ (98) $ 41 Total realized / unrealized gains (losses) Included in net income (a) 1 — 1 Included in regulatory assets/liabilities (35) (35) (b) — Balance at June 30, 2023 $ (91) $ (133) $ 42 The amount of total gains included in income attributed to the change in unrealized gains related to assets and liabilities at June 30, 2023 $ 1 $ — $ 1 Exelon ComEd PHI and Pepco Six Months Ended June 30, 2024 Total Commodity Life Insurance Contracts Balance at December 31, 2023 $ (90) $ (133) $ 41 Total realized / unrealized gains (losses) Included in net income (a) 1 — 2 Included in regulatory assets/liabilities (6) (6) (b) — Purchases, sales, and settlements Settlements (21) — (21) Balance at June 30, 2024 $ (116) $ (139) (c) $ 22 The amount of total gains included in income attributed to the change in unrealized gains related to assets and liabilities at June 30, 2024 $ 2 $ — $ 2 Exelon ComEd PHI and Pepco Six Months Ended June 30, 2023 Total Commodity Life Insurance Contracts Balance at December 31, 2022 $ (44) $ (84) $ 40 Total realized / unrealized gains (losses) Included in net income (a) 2 — 2 Included in regulatory assets/liabilities (49) (49) (b) — Balance at June 30, 2023 $ (91) $ (133) $ 42 The amount of total gains included in income attributed to the change in unrealized gain related to assets and liabilities at June 30, 2023 $ 2 $ — $ 2 __________ (a) Classified in Operating and maintenance expense in the Consolidated Statements of Operations and Comprehensive Income. (b) Includes $43 million of decreases in fair value and an increase for realized gains due to settlements of $12 million recorded in Purchased power expense associated with floating-to-fixed energy swap contracts with unaffiliated suppliers for the three months ended June 30, 2024. Includes $43 million of decreases in fair value and an increase for realized gains 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, 2023. Includes $30 million of decreases in fair value and an increase for realized gains due to settlements of $24 million recorded in Purchased power expense associated with floating-to-fixed energy swap contracts with unaffiliated suppliers for the six months ended June 30, 2024. Includes $68 million of decreases in fair value and an increase for realized losses due to settlements of $19 million recorded in Purchased power expense associated with floating-to-fixed energy swap contracts with unaffiliated suppliers for the six months ended June 30, 2023. (c) |
Fair Value Reconciliation of Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis, Valuation Technique | Commodity Derivatives (Exelon and ComEd) The table below discloses the significant unobservable inputs to the forward curve used to value mark-to-market derivatives. Type of trade Fair Value at June 30, 2024 Fair Value at December 31, 2023 Valuation Unobservable 2024 Range & Arithmetic Average 2023 Range & Arithmetic Average Commodity derivatives $ (139) $ (133) Discounted Forward power price (a) $22.68 - $58.69 $40.49 $30.27 - $73.71 $43.35 ________ (a) An increase to the forward power price would increase the fair value. |
Commitments and Contingencies_2
Commitments and Contingencies (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Commitments and Contingencies Disclosure [Abstract] | |
PHI Merger Commitments | The following amounts represent total commitment costs that have been recorded since the acquisition date and the total remaining obligations for Exelon, PHI, Pepco, DPL, and ACE at June 30, 2024: Description Exelon PHI Pepco DPL ACE Total commitments $ 513 $ 320 $ 120 $ 89 $ 111 Remaining commitments (a) 31 28 25 2 1 __________ (a) Remaining commitments extend through 2026 and include escrow funds, charitable contributions, and rate credits. |
Commercial Commitments | The Registrants’ commercial commitments at June 30, 2024, representing commitments potentially triggered by future events were as follows: Expiration within Total 2024 2025 2026 2027 2028 2029 and beyond Exelon Letters of credit (a) $ 30 $ 17 $ 13 $ — $ — $ — $ — Surety bonds (b) 194 160 32 — 2 — — Financing trust guarantees (c) 378 — — — — 78 300 Guaranteed lease residual values (d) 26 — 3 5 4 6 8 Total commercial commitments $ 628 $ 177 $ 48 $ 5 $ 6 $ 84 $ 308 ComEd Letters of credit (a) $ 17 $ 9 $ 8 $ — $ — $ — $ — Surety bonds (b) 36 29 5 — 2 — — Financing trust guarantees (c) 200 — — — — — 200 Total commercial commitments $ 253 $ 38 $ 13 $ — $ 2 $ — $ 200 PECO Letters of credit (a) $ 2 $ — $ 2 $ — $ — $ — $ — Surety bonds (b) 2 1 1 — — — — Financing trust guarantees (c) 178 — — — — 78 100 Total commercial commitments $ 182 $ 1 $ 3 $ — $ — $ 78 $ 100 BGE Letters of credit (a) $ 8 $ 6 $ 2 $ — $ — $ — $ — Surety bonds (b) 3 1 2 — — — — Total commercial commitments $ 11 $ 7 $ 4 $ — $ — $ — $ — PHI Surety bonds (b) $ 96 $ 77 $ 19 $ — $ — $ — $ — Guaranteed lease residual values (d) 26 — 3 5 4 6 8 Total commercial commitments $ 122 $ 77 $ 22 $ 5 $ 4 $ 6 $ 8 Pepco Surety bonds (a) $ 85 $ 71 $ 14 $ — $ — $ — $ — Guaranteed lease residual values (d) 9 — 1 2 1 2 3 Total commercial commitments $ 94 $ 71 $ 15 $ 2 $ 1 $ 2 $ 3 DPL Surety bonds (b) $ 6 $ 3 $ 3 $ — $ — $ — $ — Guaranteed lease residual values (d) 10 — 1 2 2 2 3 Total commercial commitments $ 16 $ 3 $ 4 $ 2 $ 2 $ 2 $ 3 ACE Surety bonds (b) $ 5 $ 3 $ 2 $ — $ — $ — $ — Guaranteed lease residual values (d) 7 — 1 1 1 2 2 Total commercial commitments $ 12 $ 3 $ 3 $ 1 $ 1 $ 2 $ 2 __________ (a) Exelon and certain of its subsidiaries maintain non-debt letters of credit to provide credit support for certain transactions as requested by third parties. (b) Surety bonds—Guarantees issued related to contract and commercial agreements, excluding bid bonds. Historically, payments under the guarantees have not been made and the likelihood of payments being required is remote. (c) Reflects guarantee of ComEd and PECO securities held by ComEd Financing III, PECO Trust III, and PECO Trust IV. (d) Represents the maximum potential obligation in the event 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 9 years. The maximum potential obligation at the end of the minimum lease term would be $59 million guaranteed by Exelon and PHI, of which $20 million, $23 million, and $16 million is guaranteed by Pepco, DPL, and ACE, respectively. Historically, payments under the guarantees have not been made and PHI believes the likelihood of payments being required under the guarantees is remote. |
Accrued environmental liabilities | At June 30, 2024 and December 31, 2023, the Registrants had accrued the following undiscounted amounts for environmental liabilities in Accrued expenses, Other current liabilities, and Other deferred credits and other liabilities in their respective Consolidated Balance Sheets: June 30, 2024 December 31, 2023 Total Environmental Portion of Total Related to Total Environmental Portion of Total Related to Exelon $ 406 $ 319 $ 428 $ 338 ComEd 284 283 303 302 PECO 27 25 27 25 BGE 14 11 14 11 PHI 75 — 81 — Pepco 74 — 79 — DPL 1 — 1 — ACE — — 1 — |
Changes in Accumulated Other _2
Changes in Accumulated Other Comprehensive Income (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Changes in Accumulated Other Comprehensive Income [Abstract] | |
Schedule of Changes in Accumulated Other Comprehensive Income (Loss) | The following table presents changes in Exelon's AOCI, net of tax, by component: Three Months Ended June 30, 2024 Cash Flow Hedges Pension and Non-Pension Postretirement Benefit Plan Items (a) Total Balance at March 31, 2024 $ 30 $ (742) $ (712) OCI before reclassifications (2) (2) (4) Amounts reclassified from AOCI (1) 5 4 Net current-period OCI (3) 3 — Balance at June 30, 2024 $ 27 $ (739) $ (712) Three Months Ended June 30, 2023 Cash Flow Hedges Pension and Non-Pension Postretirement Benefit Plan Items (a) Total Balance at March 31, 2023 $ 8 $ (647) $ (639) OCI before reclassifications 9 (3) 6 Amounts reclassified from AOCI — 3 3 Net current-period OCI 9 — 9 Balance at June 30, 2023 $ 17 $ (647) $ (630) Six Months Ended June 30, 2024 Cash Flow Hedges Pension and Non-Pension Postretirement Benefit Plan Items (a) Total Balance at December 31, 2023 $ (3) $ (723) $ (726) OCI before reclassifications 32 (26) 6 Amounts reclassified from AOCI (2) 10 8 Net current-period OCI 30 (16) 14 Balance at June 30, 2024 $ 27 $ (739) $ (712) Six Months Ended June 30, 2023 Cash Flow Hedges Pension and Non-Pension Postretirement Benefit Plan Items (a) Total Balance at December 31, 2022 $ 2 $ (640) $ (638) OCI before reclassifications 15 (13) 2 Amounts reclassified from AOCI — 6 6 Net current-period OCI $ 15 $ (7) $ 8 Balance at June 30, 2023 $ 17 $ (647) $ (630) __________ (a) |
Schedule of Income Taxes Allocated to Other Comprehensive Income (Loss) Components | The following table presents Income tax benefit (expense) allocated to each component of Exelon's Other comprehensive income (loss): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Pension and non-pension postretirement benefit plans: Actuarial losses reclassified to periodic benefit cost $ (2) $ (1) $ (4) $ (2) Pension and non-pension postretirement benefit plans valuation adjustments — 1 8 4 Unrealized gains on cash flow hedges — (3) (10) (4) |
Supplemental Financial Inform_2
Supplemental Financial Information (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Supplemental Financial Information [Abstract] | |
Taxes Other Than Income Taxes | The following tables provide additional information about material items recorded in the Registrants' Consolidated Statements of Operations and Comprehensive Income: Taxes other than income taxes Exelon ComEd PECO BGE PHI Pepco DPL ACE Three Months Ended June 30, 2024 Utility taxes (a) $ 226 $ 73 $ 42 $ 31 $ 80 $ 72 $ 6 $ — Property 107 10 5 53 39 26 12 1 Payroll 33 9 4 5 7 2 1 1 Three Months Ended June 30, 2023 Utility taxes (a) $ 201 $ 71 $ 38 $ 22 $ 70 $ 63 $ 6 $ 1 Property 96 8 4 49 35 24 10 1 Payroll 31 7 4 5 7 2 1 1 Six Months Ended June 30, 2024 Utility taxes (a) $ 447 $ 148 $ 83 $ 54 $ 162 $ 146 $ 14 $ 2 Property 212 18 9 107 78 53 23 1 Payroll 67 18 9 9 14 4 2 2 Six Months Ended June 30, 2023 Utility taxes (a) $ 421 $ 146 $ 78 $ 50 $ 147 $ 131 $ 14 $ 2 Property 196 18 8 100 70 48 21 1 Payroll 63 14 9 9 14 4 2 2 _________ (a) The Registrants' utility taxes represent 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 ComEd PECO BGE PHI Pepco DPL ACE Three Months Ended June 30, 2024 AFUDC — Equity $ 38 $ 9 $ 8 $ 6 $ 15 $ 12 $ 3 $ — Non-service net periodic benefit cost (11) — — — — — — — Three Months Ended June 30, 2023 AFUDC — Equity $ 34 $ 7 $ 6 $ 4 $ 17 $ 13 $ 2 $ 2 Non-service net periodic benefit cost (1) — — — — — — — Six Months Ended June 30, 2024 AFUDC — Equity $ 78 $ 19 $ 16 $ 13 $ 30 $ 23 $ 6 $ 1 Non-service net periodic benefit cost (17) — — — — — — — Six Months Ended June 30, 2023 AFUDC — Equity $ 71 $ 17 $ 12 $ 7 $ 35 $ 27 $ 4 $ 4 Non-service net periodic benefit cost (2) — — — — — — — |
Schedule of 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 ComEd PECO BGE PHI Pepco DPL ACE Six Months Ended June 30, 2024 Property, plant, and equipment (a) $ 1,436 $ 573 $ 203 $ 247 $ 383 $ 164 $ 107 $ 105 Amortization of regulatory assets and liabilities, net (a) 333 164 7 65 97 41 15 41 Amortization of intangible assets, net (a) 4 — — — — — — — ARO accretion (b) 1 — — — 1 — — — Total depreciation, amortization and accretion $ 1,774 $ 737 $ 210 $ 312 $ 481 $ 205 $ 122 $ 146 Six Months Ended June 30, 2023 Property, plant, and equipment (a) $ 1,370 $ 540 $ 190 $ 249 $ 364 $ 152 $ 104 $ 96 Amortization of regulatory assets and liabilities, net (a) 352 148 7 76 120 64 17 39 Amortization of intangible assets, net (a) 4 — — — — — — — ARO accretion (b) 1 — — — — — — — Total depreciation and amortization $ 1,727 $ 688 $ 197 $ 325 $ 484 $ 216 $ 121 $ 135 __________ (a) Included in Depreciation and amortization expense in the Registrants' Consolidated Statements of Operations and Comprehensive Income. (b) Included in Operating and maintenance expense in Exelon's Consolidated Statements of Operations and Comprehensive Income. Other non-cash operating activities Exelon ComEd PECO BGE PHI Pepco DPL ACE Six Months Ended June 30, 2024 Pension and OPEB costs $ 120 $ 36 $ — $ 31 $ 46 $ 16 $ 7 $ 7 Allowance for credit losses 93 8 47 11 27 16 3 7 True-up adjustments to decoupling mechanisms and formula rates (a) (15) 24 2 (19) (22) (37) 4 11 Amortization of operating ROU asset 19 — — 3 13 3 3 2 AFUDC — Equity (78) (19) (16) (13) (30) (23) (6) (1) Six Months Ended June 30, 2023 Pension and OPEB costs (benefit) $ 89 $ 13 $ (7) $ 28 $ 49 $ 17 $ 9 $ 7 Allowance for credit losses 46 1 19 4 22 13 3 6 True-up adjustments to decoupling mechanisms and formula rates (a) (410) (270) 10 (70) (80) (46) (15) (19) Long-term incentive plan 13 — — — — — — — Amortization of operating ROU asset 19 1 — 2 14 2 4 2 Change in environmental liabilities 37 — — — 37 37 — — AFUDC — Equity (71) (17) (12) (7) (35) (27) (4) (4) __________ (a) For ComEd, reflects the true-up adjustments in Regulatory assets and liabilities associated with its distribution, energy efficiency, distributed generation, and transmission formula rates. For PECO, reflects the change in Regulatory assets and liabilities associated with its transmission formula rates. For BGE, Pepco, DPL, and ACE, reflects the change in Regulatory assets and liabilities associated with their decoupling mechanisms and transmission formula rates. See Note 3 — Regulatory Matters of the 2023 Form 10-K 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. Cash, cash equivalents, and restricted cash Exelon ComEd PECO BGE PHI Pepco DPL ACE Balance at June 30, 2024 Cash and cash equivalents $ 934 $ 326 $ 19 $ 428 $ 119 $ 19 $ 50 $ 15 Restricted cash and cash equivalents 530 446 9 — 22 21 1 — Restricted cash included in Other deferred debits and other assets 71 71 — — — — — — Total cash, restricted cash, and cash equivalents $ 1,535 $ 843 $ 28 $ 428 $ 141 $ 40 $ 51 $ 15 Balance at December 31, 2023 Cash and cash equivalents $ 445 $ 110 $ 42 $ 47 $ 180 $ 48 $ 16 $ 21 Restricted cash and cash equivalents 482 402 9 1 24 24 — — Restricted cash included in Other deferred debits and other assets 174 174 — — — — — — Total cash, restricted cash, and cash equivalents $ 1,101 $ 686 $ 51 $ 48 $ 204 $ 72 $ 16 $ 21 Balance at June 30, 2023 Cash and cash equivalents $ 399 $ 74 $ 82 $ 89 $ 110 $ 16 $ 18 $ 24 Restricted cash and cash equivalents 435 361 9 1 26 26 — — Restricted cash included in Other deferred debits and other assets 201 201 — — — — — — Total cash, restricted cash, and cash equivalents $ 1,035 $ 636 $ 91 $ 90 $ 136 $ 42 $ 18 $ 24 Balance at December 31, 2022 Cash and cash equivalents $ 407 $ 67 $ 59 $ 43 $ 198 $ 45 $ 31 $ 72 Restricted cash and cash equivalents 566 327 9 24 175 54 121 — Restricted cash included in Other deferred debits and other assets 117 117 — — — — — — Total cash, restricted cash, and cash equivalents $ 1,090 $ 511 $ 68 $ 67 $ 373 $ 99 $ 152 $ 72 For additional information on restricted cash see Note 1 — Significant Accounting Policies of the 2023 Form 10-K. |
Consolidated Balance Sheet | The following table provides additional information about material items recorded in the Registrants' Consolidated Balance Sheets. Accrued expenses Exelon ComEd PECO BGE PHI Pepco DPL ACE Balance at June 30, 2024 Compensation-related accruals (a) $ 476 $ 124 $ 72 $ 66 $ 92 $ 27 $ 18 $ 13 Taxes accrued 183 91 56 26 90 74 7 9 Interest accrued 469 153 50 48 85 47 17 17 Balance at December 31, 2023 Compensation-related accruals (a) $ 661 $ 206 $ 87 $ 81 $ 107 $ 27 $ 17 $ 12 Taxes accrued 221 204 96 75 137 116 30 10 Interest accrued 414 148 49 44 72 38 13 15 __________ (a) Primarily includes accrued payroll, bonuses and other incentives, vacation, and benefits. |
Related Party Transactions (Tab
Related Party Transactions (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Related Party Transactions [Abstract] | |
BSC and PHISCO Service Companies | The following table presents the service company costs allocated to the Registrants: Operating and maintenance from affiliates Capitalized costs Three Months Ended June 30, Six Months Ended June 30, Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 2024 2023 2024 2023 Exelon BSC $ 159 $ 165 $ 317 $ 340 PHISCO 29 25 58 49 ComEd BSC $ 104 $ 88 $ 204 $ 171 63 78 134 159 PECO BSC 61 54 119 105 29 30 58 60 BGE BSC 62 54 121 108 25 22 49 46 PHI BSC 49 43 99 85 42 35 76 75 PHISCO — — — — 29 25 58 49 Pepco BSC 32 28 63 55 18 14 35 28 PHISCO 33 30 66 60 12 10 24 21 DPL BSC 20 18 39 35 13 10 25 20 PHISCO 26 25 51 49 8 8 17 15 ACE BSC 16 15 32 29 10 12 15 26 PHISCO 25 22 48 44 9 7 17 13 |
Current Receivables From/Payables To Affiliates | The following tables present current Receivables from affiliates and current Payables to affiliates: June 30, 2024 Receivables from affiliates: Payables to affiliates: ComEd PECO BGE Pepco DPL ACE BSC PHISCO Other Total ComEd $ 1 $ — $ — $ — $ — $ 67 $ — $ 8 $ 76 PECO $ — — — — — 35 — 4 39 BGE — — — — — 36 — 1 37 PHI — — — — — — 7 1 10 18 Pepco — — — — — 20 17 — 37 DPL — — — — — 12 13 1 26 ACE — — — — — 10 12 2 24 Other 4 — — — — 3 — — 7 Total $ 4 $ 1 $ — $ — $ — $ 3 $ 187 $ 43 $ 26 $ 264 December 31, 2023 Receivables from affiliates: Payables to affiliates: ComEd PECO BGE Pepco DPL ACE BSC PHISCO Other Total ComEd $ — $ — $ — $ — $ — $ 64 $ — $ 8 $ 72 PECO $ — — — — — 36 — 3 39 BGE — — — — — 33 — 2 35 PHI — — — — — — 5 — 10 15 Pepco — — — — — 17 14 1 32 DPL — 1 — — — 12 11 1 25 ACE — 1 — 1 1 11 11 — 25 Other 3 — — 1 — 3 1 — 8 Total $ 3 $ 2 $ — $ 2 $ 1 $ 3 $ 179 $ 36 $ 25 $ 251 |
Long Term Debt to Financing Trusts | The following table presents Long-term debt to financing trusts: June 30, 2024 December 31, 2023 Exelon ComEd PECO Exelon ComEd PECO ComEd Financing III $ 206 $ 206 $ — $ 206 $ 205 $ — PECO Trust III 81 — 81 81 — 81 PECO Trust IV 103 — 103 103 — 103 Total $ 390 $ 206 $ 184 $ 390 $ 205 $ 184 |
Regulatory Matters - Narrative
Regulatory Matters - Narrative (Details) $ in Millions | 6 Months Ended | 36 Months Ended | 48 Months Ended | |||||
Dec. 14, 2023 USD ($) | Sep. 27, 2022 | Feb. 03, 2022 | Jun. 30, 2024 USD ($) | Jun. 30, 2023 USD ($) | Dec. 31, 2025 USD ($) | Dec. 31, 2027 USD ($) | Mar. 31, 2022 USD ($) | |
Commonwealth Edison Co | ||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||
Basis points for ComEd's Revenue Requirement | 580 | |||||||
Maximum increase of revenue requirement | 105% | |||||||
Basis Points - ComEd Symmetrical Performance Adjustments | 32 | |||||||
Increase (Decrease) in Regulatory Assets | $ (339) | |||||||
Increase (Decrease) in Regulatory Liabilities | 802 | |||||||
Commonwealth Edison Co | Illinois 2023 Electric Distribution Base Rate Case | ||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||
Approved Revenue Requirement Increase (Decrease) | $ 501 | |||||||
Commonwealth Edison Co | Forecast [Member] | ||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||
Beneficial electrification approved annual spending | $ 77 | |||||||
Commonwealth Edison Co | Forecast [Member] | 2023 | Illinois 2023 Electric Distribution Base Rate Case | ||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||
Approved Revenue Requirement Increase (Decrease) | $ 986 | |||||||
Commonwealth Edison Co | Nuclear Decommissioning [Member] | ||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||
Increase (Decrease) in Regulatory Liabilities | 612 | |||||||
Commonwealth Edison Co | ComEd FERC Audit Settlement Regulatory Liability | ||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||
Regulatory Liabilities | 70 | |||||||
Commonwealth Edison Co | Carbon Mitigation Credit rider | ||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||
Regulatory Assets | 304 | |||||||
Increase (Decrease) in Regulatory Assets | (369) | |||||||
PECO Energy Co | ||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||
Increase (Decrease) in Regulatory Assets | 56 | |||||||
PECO Energy Co | Deferred Income Tax Charge [Member] | ||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||
Increase (Decrease) in Regulatory Assets | 60 | |||||||
Baltimore Gas and Electric Company | ||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||
Increase (Decrease) in Regulatory Liabilities | (89) | |||||||
Baltimore Gas and Electric Company | Deferred Income Tax Charge [Member] | ||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||
Increase (Decrease) in Regulatory Liabilities | (88) | |||||||
Potomac Electric Power Company | ||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||
Increase (Decrease) in Regulatory Assets | 39 | |||||||
Increase (Decrease) in Regulatory Liabilities | (27) | |||||||
Potomac Electric Power Company | Deferred Income Tax Charge [Member] | ||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||
Increase (Decrease) in Regulatory Liabilities | 26 | |||||||
Potomac Electric Power Company | Multi-year plan reconciliation | ||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||
Increase (Decrease) in Regulatory Assets | (25) | |||||||
Potomac Electric Power Company | Revenue deferral mechanism | ||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||
Increase (Decrease) in Regulatory Assets | (12) | |||||||
Atlantic City Electric Company | ||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||
Contract Termination Liability | 20 | $ 203 | ||||||
Gain (Loss) on Contract Termination | 30 | $ 43 | ||||||
Increase (Decrease) in Regulatory Liabilities | 10 | |||||||
Atlantic City Electric Company | Under/Over Recovered Transmission Costs | ||||||||
Regulatory Matters Additional Narrative Information [Line Items] | ||||||||
Increase (Decrease) in Regulatory Liabilities | $ (13) |
Regulatory Matters - Schedule o
Regulatory Matters - Schedule of Completed Rate Cases (Details) $ in Millions | 6 Months Ended | 48 Months Ended | |||||||||||||||||
Jun. 10, 2024 USD ($) | Apr. 18, 2024 USD ($) | Feb. 23, 2024 USD ($) | Dec. 14, 2023 USD ($) | Nov. 30, 2023 USD ($) | Nov. 17, 2023 USD ($) | Sep. 29, 2023 USD ($) | Aug. 21, 2023 USD ($) | Apr. 21, 2023 USD ($) | Feb. 17, 2023 USD ($) | Jan. 17, 2023 USD ($) | Dec. 14, 2022 USD ($) | May 19, 2022 USD ($) | Feb. 23, 2022 | Feb. 03, 2022 | Jun. 28, 2021 USD ($) | Mar. 31, 2021 USD ($) | Jun. 30, 2024 USD ($) | Dec. 31, 2027 USD ($) | |
Commonwealth Edison Co | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Basis points for ComEd's Revenue Requirement | 580 | ||||||||||||||||||
Commonwealth Edison Co | Illinois 2023 Electric Distribution Base Rate Case | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Requested Revenue Requirement Increase (Decrease) | $ 1,487 | ||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | $ 501 | ||||||||||||||||||
Approved Return on Equity, Percentage | 8.905% | ||||||||||||||||||
Commonwealth Edison Co | Illinois 2023 Electric Distribution Base Rate Case | Forecast [Member] | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Public Utilities, Approved Debt Capital Structure, Percentage | 50% | ||||||||||||||||||
Commonwealth Edison Co | Illinois 2023 Electric Distribution Base Rate Case | 2023 | Forecast [Member] | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | $ 986 | ||||||||||||||||||
Commonwealth Edison Co | Illinois 2023 Electric Distribution Base Rate Case | 2024 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | $ 451 | ||||||||||||||||||
Commonwealth Edison Co | Illinois 2023 Electric Distribution Base Rate Case | 2025 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | 14 | ||||||||||||||||||
Commonwealth Edison Co | Illinois 2023 Electric Distribution Base Rate Case | 2026 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | 6 | ||||||||||||||||||
Commonwealth Edison Co | Illinois 2023 Electric Distribution Base Rate Case | 2027 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | 30 | ||||||||||||||||||
Commonwealth Edison Co | Illinois 2023 Electric Distribution Order on Rehearing | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Requested Revenue Requirement Increase (Decrease) | $ 838 | ||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | $ 810 | ||||||||||||||||||
Approved Return on Equity, Percentage | 8.905% | ||||||||||||||||||
Commonwealth Edison Co | Illinois 2023 Electric Distribution Order on Rehearing | 2024 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | $ 150 | ||||||||||||||||||
Commonwealth Edison Co | Illinois 2023 Electric Distribution Order on Rehearing | 2025 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | 186 | ||||||||||||||||||
Commonwealth Edison Co | Illinois 2023 Electric Distribution Order on Rehearing | 2026 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | 221 | ||||||||||||||||||
Commonwealth Edison Co | Illinois 2023 Electric Distribution Order on Rehearing | 2027 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | 253 | ||||||||||||||||||
Commonwealth Edison Co | Illinois 2023 Electric Distribution Reconciliation Rate Case | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Public Utilities Requested Rate Increase (Decrease), Prior Year Annual Reconciliation | $ 247 | ||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | $ 259 | ||||||||||||||||||
Approved Return on Equity, Percentage | 8.91% | ||||||||||||||||||
Public Utilities, Approved Equity Capital Structure, Percentage | 6.48% | ||||||||||||||||||
Commonwealth Edison Co | Illinois 2023 Electric Distribution Reconciliation Rate Case | 2023 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Basis points for ComEd's Revenue Requirement | 580 | ||||||||||||||||||
Baltimore Gas and Electric Company | Maryland 2023 Electric Distribution Base Rate Case | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Requested Revenue Requirement Increase (Decrease) | $ 313 | ||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | $ 179 | ||||||||||||||||||
Approved Return on Equity, Percentage | 9.50% | ||||||||||||||||||
Baltimore Gas and Electric Company | Maryland 2023 Electric Distribution Base Rate Case | 2024 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | $ 41 | ||||||||||||||||||
Baltimore Gas and Electric Company | Maryland 2023 Electric Distribution Base Rate Case | 2025 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | 113 | ||||||||||||||||||
Baltimore Gas and Electric Company | Maryland 2023 Electric Distribution Base Rate Case | 2026 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | 25 | ||||||||||||||||||
Baltimore Gas and Electric Company | Maryland 2023 Gas Distribution Base Rate Case | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Requested Revenue Requirement Increase (Decrease) | $ 289 | ||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | $ 229 | ||||||||||||||||||
Approved Return on Equity, Percentage | 9.45% | ||||||||||||||||||
Baltimore Gas and Electric Company | Maryland 2023 Gas Distribution Base Rate Case | 2024 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | $ 126 | ||||||||||||||||||
Baltimore Gas and Electric Company | Maryland 2023 Gas Distribution Base Rate Case | 2025 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | 62 | ||||||||||||||||||
Baltimore Gas and Electric Company | Maryland 2023 Gas Distribution Base Rate Case | 2026 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | $ 41 | ||||||||||||||||||
Baltimore Gas and Electric Company | Maryland 2023 Electric Distribution Reconciliation Rate Case | 2021 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | $ 13 | ||||||||||||||||||
Baltimore Gas and Electric Company | Maryland 2023 Electric Distribution Reconciliation Rate Case | 2022 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | 39 | ||||||||||||||||||
Baltimore Gas and Electric Company | Maryland 2023 Electric Distribution Reconciliation Rate Case | 2023 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | 79 | ||||||||||||||||||
Baltimore Gas and Electric Company | Maryland 2023 Gas Distribution Reconciliation Rate Case | 2021 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | 7 | ||||||||||||||||||
Baltimore Gas and Electric Company | Maryland 2023 Gas Distribution Reconciliation Rate Case | 2022 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | 15 | ||||||||||||||||||
Baltimore Gas and Electric Company | Maryland 2023 Gas Distribution Reconciliation Rate Case | 2023 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | $ 73 | ||||||||||||||||||
Potomac Electric Power Company | Maryland 2020 Electric Distribution Base Rate Case [Member] | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Public Utilities, Requested Rate Increase (Decrease), Amended, Amount | $ 104 | ||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | $ 52 | ||||||||||||||||||
Approved Return on Equity, Percentage | 9.55% | ||||||||||||||||||
Potomac Electric Power Company | Maryland 2020 Electric Distribution Base Rate Case [Member] | 2022 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | $ 21 | ||||||||||||||||||
Potomac Electric Power Company | Maryland 2020 Electric Distribution Base Rate Case [Member] | 2023 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | 16 | ||||||||||||||||||
Potomac Electric Power Company | Maryland 2020 Electric Distribution Base Rate Case [Member] | 2024 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | $ 15 | ||||||||||||||||||
Potomac Electric Power Company | Maryland 2020 Electric Distribution Base Rate Case [Member] | Offsets | 2022 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Public Utilities, Approved Rate Increase (Decrease), Percentage | 25% | ||||||||||||||||||
Potomac Electric Power Company | Pepco Maryland 2023 Electric Distribution Base Rate Case | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | $ 45 | ||||||||||||||||||
Approved Return on Equity, Percentage | 9.50% | ||||||||||||||||||
Potomac Electric Power Company | Pepco Maryland 2023 Electric Distribution Base Rate Case | 2024 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Public Utilities, Requested Rate Increase (Decrease), Amended, Amount | $ 111 | ||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | $ 45 | ||||||||||||||||||
Potomac Electric Power Company | Pepco Maryland 2023 Electric Distribution Base Rate Case | 2025 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Public Utilities, Requested Rate Increase (Decrease), Amended, Amount | 80 | ||||||||||||||||||
Potomac Electric Power Company | Pepco Maryland 2023 Electric Distribution Base Rate Case | 2026 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Public Utilities, Requested Rate Increase (Decrease), Amended, Amount | 51 | ||||||||||||||||||
Potomac Electric Power Company | Pepco Maryland 2023 Electric Distribution Base Rate Case | 2027 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Public Utilities, Requested Rate Increase (Decrease), Amended, Amount | 14 | ||||||||||||||||||
Potomac Electric Power Company | Pepco Maryland 2023 Electric Distribution Reconciliation Rate Case | 2022 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | 1 | ||||||||||||||||||
Potomac Electric Power Company | Pepco Maryland 2023 Electric Distribution Reconciliation Rate Case | 2023 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | 7 | ||||||||||||||||||
Potomac Electric Power Company | Pepco Maryland 2023 Electric Distribution Reconciliation Rate Case | 2024 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | $ 31 | ||||||||||||||||||
Delmarva Power and Light Company | Maryland 2022 Electric Distribution Base Rate Case | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Requested Revenue Requirement Increase (Decrease) | $ 38 | ||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | $ 29 | ||||||||||||||||||
Approved Return on Equity, Percentage | 9.60% | ||||||||||||||||||
Delmarva Power and Light Company | Maryland 2022 Electric Distribution Base Rate Case | 2023 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | $ 17 | ||||||||||||||||||
Delmarva Power and Light Company | Maryland 2022 Electric Distribution Base Rate Case | 2024 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | 6 | ||||||||||||||||||
Delmarva Power and Light Company | Maryland 2022 Electric Distribution Base Rate Case | 2025 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | $ 6 | ||||||||||||||||||
Delmarva Power and Light Company | Delaware 2022 Electric Distribution Base Rate Case | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Public Utilities, Requested Rate Increase (Decrease), Amended, Amount | $ 39 | ||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | $ 28 | ||||||||||||||||||
Approved Return on Equity, Percentage | 9.60% | ||||||||||||||||||
Delmarva Power and Light Company | Delaware 2022 Electric Distribution Base Rate Case | Minimum [Member] | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Public Utilities, Requested Rate Increase (Decrease) Annual Reconciliation | $ 5 | ||||||||||||||||||
Delmarva Power and Light Company | Delaware 2022 Electric Distribution Base Rate Case | Maximum [Member] | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Public Utilities, Requested Rate Increase (Decrease) Annual Reconciliation | $ 15 | ||||||||||||||||||
Atlantic City Electric Company | New Jersey 2023 Electric Distribution Base Rate Case | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Public Utilities, Requested Rate Increase (Decrease), Amended, Amount | $ 92 | ||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | $ 45 | ||||||||||||||||||
Approved Return on Equity, Percentage | 9.60% | ||||||||||||||||||
Atlantic City Electric Company | New Jersey 2023 Electric Distribution Base Rate Case | 2023 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | $ 36 | ||||||||||||||||||
Atlantic City Electric Company | New Jersey 2023 Electric Distribution Base Rate Case | 2024 | |||||||||||||||||||
Regulatory Matters Completed Rate Cases [Line Items] | |||||||||||||||||||
Approved Revenue Requirement Increase (Decrease) | $ 9 |
Regulatory Matters - Schedule_2
Regulatory Matters - Schedule of Pending Rate Cases (Details) - USD ($) | Jun. 20, 2024 | Apr. 26, 2024 | Mar. 28, 2024 | Feb. 27, 2024 |
Commonwealth Edison Co | Illinois 2024 Refiled Grid Plan | ||||
Regulatory Matters Pending Rate Cases [Line Items] | ||||
Requested Revenue Requirement Increase (Decrease), Amended | $ 682,000,000 | |||
Requested Return on Equity, Percentage | 8.905% | |||
Commonwealth Edison Co | Illinois 2024 Refiled Grid Plan | 2024 | ||||
Regulatory Matters Pending Rate Cases [Line Items] | ||||
Requested Revenue Requirement Increase (Decrease), Amended | $ 308,000,000 | |||
Commonwealth Edison Co | Illinois 2024 Refiled Grid Plan | 2025 | ||||
Regulatory Matters Pending Rate Cases [Line Items] | ||||
Requested Revenue Requirement Increase (Decrease), Amended | 96,000,000 | |||
Commonwealth Edison Co | Illinois 2024 Refiled Grid Plan | 2026 | ||||
Regulatory Matters Pending Rate Cases [Line Items] | ||||
Requested Revenue Requirement Increase (Decrease), Amended | 135,000,000 | |||
Commonwealth Edison Co | Illinois 2024 Refiled Grid Plan | 2027 | ||||
Regulatory Matters Pending Rate Cases [Line Items] | ||||
Requested Revenue Requirement Increase (Decrease), Amended | $ 143,000,000 | |||
Commonwealth Edison Co | Illinois 2024 Electric Distribution Reconciliation Rate Case | ||||
Regulatory Matters Pending Rate Cases [Line Items] | ||||
Public Utilities Requested Rate Increase (Decrease), Prior Year Annual Reconciliation | $ 627,000,000 | |||
Requested Return on Equity, Percentage | 9.89% | |||
PECO Energy Co | Pennsylvania 2024 Electric Distribution Base Rate Case | ||||
Regulatory Matters Pending Rate Cases [Line Items] | ||||
Requested Revenue Requirement Increase (Decrease) | $ 464,000,000 | |||
Requested Return on Equity, Percentage | 10.95% | |||
PECO Energy Co | Pennsylvania 2024 Electric Distribution Base Rate Case | 2025 | ||||
Regulatory Matters Pending Rate Cases [Line Items] | ||||
Requested Revenue Requirement Increase (Decrease) | $ (64,000,000) | |||
PECO Energy Co | Pennsylvania 2023 Natural Gas Distribution Base Rate Case | ||||
Regulatory Matters Pending Rate Cases [Line Items] | ||||
Requested Revenue Requirement Increase (Decrease) | $ 111,000,000 | |||
Requested Return on Equity, Percentage | 11.15% | |||
Potomac Electric Power Company | District of Columbia 2023 Electric Distribution Base Rate Case | ||||
Regulatory Matters Pending Rate Cases [Line Items] | ||||
Requested Revenue Requirement Increase (Decrease), Amended | $ 186,000,000 | |||
Requested Return on Equity, Percentage | 10.50% | |||
Potomac Electric Power Company | District of Columbia 2023 Electric Distribution Base Rate Case | 2024 | ||||
Regulatory Matters Pending Rate Cases [Line Items] | ||||
Requested Revenue Requirement Increase (Decrease) | $ 116,000,000 | |||
Potomac Electric Power Company | District of Columbia 2023 Electric Distribution Base Rate Case | 2025 | ||||
Regulatory Matters Pending Rate Cases [Line Items] | ||||
Requested Revenue Requirement Increase (Decrease) | 35,000,000 | |||
Potomac Electric Power Company | District of Columbia 2023 Electric Distribution Base Rate Case | 2026 | ||||
Regulatory Matters Pending Rate Cases [Line Items] | ||||
Requested Revenue Requirement Increase (Decrease) | $ 35,000,000 |
Regulatory Matters - Annual Ele
Regulatory Matters - Annual Electric Transmission Fillings (Details) - USD ($) $ in Millions | May 30, 2024 | May 10, 2024 | Apr. 24, 2024 |
Commonwealth Edison Co | 2024 Transmission Formula Rate Annual Update | |||
Public Utilities, General Disclosures [Line Items] | |||
Public Utilities, Requested Rate Increase (Decrease), Amount | $ 32 | ||
Annual Reconciliation Increase | (12) | ||
Public Utilities, Requested Rate Increase (Decrease), Amended, Amount | $ 20 | ||
Public Utilities, Approved Equity Capital Structure, Percentage | 8.14% | ||
Public Utilities, Approved Return on Equity, Percentage | 11.50% | ||
Basis points for Transmission Formula Rate | 50 | ||
PECO Energy Co | 2024 Transmission Formula Rate Annual Update | |||
Public Utilities, General Disclosures [Line Items] | |||
Public Utilities, Requested Rate Increase (Decrease), Amount | $ 2 | ||
Annual Reconciliation Increase | 3 | ||
Public Utilities, Requested Rate Increase (Decrease), Amended, Amount | $ 5 | ||
Public Utilities, Approved Equity Capital Structure, Percentage | 7.45% | ||
Public Utilities, Approved Return on Equity, Percentage | 10.35% | ||
Cap on Equity Component of Rate of Return on Common Equity in Federal Energy Regulatory Committee Complaint | 55.75% | ||
Basis points for Transmission Formula Rate | 50 | ||
Baltimore Gas and Electric Company | 2024 Transmission Formula Rate Annual Update | |||
Public Utilities, General Disclosures [Line Items] | |||
Public Utilities, Requested Rate Increase (Decrease), Amount | $ 42 | ||
Annual Reconciliation Increase | 13 | ||
Public Utilities, Requested Rate Increase (Decrease), Amended, Amount | $ 53 | ||
Public Utilities, Approved Equity Capital Structure, Percentage | 7.47% | ||
Public Utilities, Approved Return on Equity, Percentage | 10.50% | ||
Basis points for Transmission Formula Rate | 50 | ||
Baltimore Gas and Electric Company | 2024 Transmission Formula Rate Revenue Reduction | |||
Public Utilities, General Disclosures [Line Items] | |||
Public Utilities, Requested Rate Increase (Decrease), Amended, Amount | $ 2 | ||
Potomac Electric Power Company | 2024 Transmission Formula Rate Annual Update | |||
Public Utilities, General Disclosures [Line Items] | |||
Public Utilities, Requested Rate Increase (Decrease), Amount | $ 58 | ||
Annual Reconciliation Increase | 15 | ||
Public Utilities, Requested Rate Increase (Decrease), Amended, Amount | $ 73 | ||
Public Utilities, Approved Equity Capital Structure, Percentage | 7.62% | ||
Public Utilities, Approved Return on Equity, Percentage | 10.50% | ||
Basis points for Transmission Formula Rate | 50 | ||
Delmarva Power and Light Company | 2024 Transmission Formula Rate Annual Update | |||
Public Utilities, General Disclosures [Line Items] | |||
Public Utilities, Requested Rate Increase (Decrease), Amount | $ 7 | ||
Annual Reconciliation Increase | 17 | ||
Public Utilities, Requested Rate Increase (Decrease), Amended, Amount | $ 24 | ||
Public Utilities, Approved Equity Capital Structure, Percentage | 7.23% | ||
Public Utilities, Approved Return on Equity, Percentage | 10.50% | ||
Basis points for Transmission Formula Rate | 50 | ||
Atlantic City Electric Company | 2024 Transmission Formula Rate Annual Update | |||
Public Utilities, General Disclosures [Line Items] | |||
Public Utilities, Requested Rate Increase (Decrease), Amount | $ 14 | ||
Annual Reconciliation Increase | 18 | ||
Public Utilities, Requested Rate Increase (Decrease), Amended, Amount | $ 32 | ||
Public Utilities, Approved Equity Capital Structure, Percentage | 7.11% | ||
Public Utilities, Approved Return on Equity, Percentage | 10.50% | ||
Basis points for Transmission Formula Rate | 50 |
Regulatory Matters - Energy Eff
Regulatory Matters - Energy Efficiency Formula Rate (Details) - Commonwealth Edison Co $ in Millions | 12 Months Ended | ||
May 30, 2024 USD ($) | Feb. 03, 2022 | Dec. 31, 2023 | |
Schedule of Energy Efficiency Formula Rate Updates [Line Items] | |||
Basis points for ComEd's Revenue Requirement | 580 | ||
ComEd 2024 Energy Efficiency Formula Rate | |||
Schedule of Energy Efficiency Formula Rate Updates [Line Items] | |||
Public Utilities, Requested Rate Increase (Decrease), Amount | $ 66 | ||
Public Utilities Requested Rate Increase (Decrease), Prior Year Annual Reconciliation | (8) | ||
Public Utilities, Requested Rate Increase (Decrease), Amended, Amount | $ 58 | ||
Public Utilities, Requested Equity Capital Structure, Percentage | 7.02% | ||
Requested Return on Equity, Percentage | 9.89% | ||
ComEd 2024 Energy Efficiency Formula Rate | 2024 | |||
Schedule of Energy Efficiency Formula Rate Updates [Line Items] | |||
Basis points for ComEd's Revenue Requirement | 580 | ||
ComEd 2023 Energy Efficiency Formula Rate | |||
Schedule of Energy Efficiency Formula Rate Updates [Line Items] | |||
Public Utilities, Approved Equity Capital Structure, Percentage | 7.25% | ||
Public Utilities, Approved Return on Equity, Percentage | 10.34% |
Regulatory Matters - Capitalize
Regulatory Matters - Capitalized Ratemaking Amount Not Recognized (Details) - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Public Utility, Property, Plant and Equipment [Line Items] | ||
Public Utilities, Amount of Allowance for Earnings on Equity Capitalized for Rate Making Purposes | $ 134 | $ 110 |
Commonwealth Edison Co | ||
Public Utility, Property, Plant and Equipment [Line Items] | ||
Public Utilities, Amount of Allowance for Earnings on Equity Capitalized for Rate Making Purposes | 40 | 32 |
PECO Energy Co | ||
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 | ||
Public Utility, Property, Plant and Equipment [Line Items] | ||
Public Utilities, Amount of Allowance for Earnings on Equity Capitalized for Rate Making Purposes | 43 | 33 |
Pepco Holdings LLC | ||
Public Utility, Property, Plant and Equipment [Line Items] | ||
Public Utilities, Amount of Allowance for Earnings on Equity Capitalized for Rate Making Purposes | 51 | 45 |
Potomac Electric Power Company | ||
Public Utility, Property, Plant and Equipment [Line Items] | ||
Public Utilities, Amount of Allowance for Earnings on Equity Capitalized for Rate Making Purposes | 38 | 34 |
Delmarva Power and Light Company | ||
Public Utility, Property, Plant and Equipment [Line Items] | ||
Public Utilities, Amount of Allowance for Earnings on Equity Capitalized for Rate Making Purposes | 1 | 1 |
Atlantic City Electric Company | ||
Public Utility, Property, Plant and Equipment [Line Items] | ||
Public Utilities, Amount of Allowance for Earnings on Equity Capitalized for Rate Making Purposes | $ 12 | $ 10 |
Revenue from Contracts with C_3
Revenue from Contracts with Customers - Narrative (Details) | Jun. 30, 2024 | Dec. 31, 2023 | Jul. 01, 2020 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01 | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 6 months | ||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01 | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year | ||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01 | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year | ||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01 | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year | ||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01 | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year | ||
Pepco Holdings LLC | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01 | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 6 months | ||
Pepco Holdings LLC | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01 | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year | ||
Pepco Holdings LLC | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01 | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year | ||
Pepco Holdings LLC | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01 | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year | ||
Pepco Holdings LLC | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01 | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year | ||
Potomac Electric Power Company | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01 | Collaborative Arrangement, Transaction with Party to Collaborative Arrangement | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 35 years | ||
Potomac Electric Power Company | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01 | Collaborative Arrangement, Transaction with Party to Collaborative Arrangement | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 31 years | ||
Potomac Electric Power Company | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01 | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 6 months | ||
Potomac Electric Power Company | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01 | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year | ||
Potomac Electric Power Company | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01 | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year | ||
Potomac Electric Power Company | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01 | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year | ||
Potomac Electric Power Company | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01 | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year | ||
Delmarva Power and Light Company | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01 | Collaborative Arrangement, Transaction with Party to Collaborative Arrangement | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 35 years | ||
Delmarva Power and Light Company | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01 | Collaborative Arrangement, Transaction with Party to Collaborative Arrangement | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 31 years | ||
Delmarva Power and Light Company | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01 | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 6 months | ||
Delmarva Power and Light Company | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01 | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year | ||
Delmarva Power and Light Company | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01 | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year | ||
Delmarva Power and Light Company | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01 | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year | ||
Delmarva Power and Light Company | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01 | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year | ||
Atlantic City Electric Company | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01 | Collaborative Arrangement, Transaction with Party to Collaborative Arrangement | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 35 years | ||
Atlantic City Electric Company | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01 | Collaborative Arrangement, Transaction with Party to Collaborative Arrangement | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 31 years | ||
Atlantic City Electric Company | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01 | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 6 months | ||
Atlantic City Electric Company | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01 | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year | ||
Atlantic City Electric Company | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01 | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year | ||
Atlantic City Electric Company | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01 | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year | ||
Atlantic City Electric Company | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01 | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year |
Revenue from Contracts with C_4
Revenue from Contracts with Customers - Change in Contract with Customer, Asset and Liability (Details) - USD ($) $ in Millions | 3 Months Ended | |||
Jun. 30, 2024 | Mar. 31, 2024 | Jun. 30, 2023 | Mar. 31, 2023 | |
Contract Liabilities [Roll Forward] | ||||
Beginning Balance - Contract Liabilities | $ 131 | $ 133 | $ 100 | $ 101 |
Revenues recognized | (1) | (2) | (2) | (1) |
Ending Balance - Contract Liabilities | 130 | 131 | 98 | 100 |
Pepco Holdings LLC | ||||
Contract Liabilities [Roll Forward] | ||||
Beginning Balance - Contract Liabilities | 131 | 133 | 100 | 101 |
Revenues recognized | (1) | (2) | (2) | (1) |
Ending Balance - Contract Liabilities | 130 | 131 | 98 | 100 |
Potomac Electric Power Company | ||||
Contract Liabilities [Roll Forward] | ||||
Beginning Balance - Contract Liabilities | 105 | 107 | 80 | 81 |
Revenues recognized | (1) | (2) | (2) | (1) |
Ending Balance - Contract Liabilities | 104 | 105 | 78 | 80 |
Delmarva Power and Light Company | ||||
Contract Liabilities [Roll Forward] | ||||
Beginning Balance - Contract Liabilities | 13 | 13 | 10 | 10 |
Revenues recognized | 0 | 0 | 0 | 0 |
Ending Balance - Contract Liabilities | 13 | 13 | 10 | 10 |
Atlantic City Electric Company | ||||
Contract Liabilities [Roll Forward] | ||||
Beginning Balance - Contract Liabilities | 13 | 13 | 10 | 10 |
Revenues recognized | 0 | 0 | 0 | 0 |
Ending Balance - Contract Liabilities | $ 13 | $ 13 | $ 10 | $ 10 |
Revenue from Contract with Cust
Revenue from Contract with Customer - Performance Obligations (Details) $ in Millions | Jun. 30, 2024 USD ($) |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, remaining performance obligation, amount | $ 130 |
Pepco Holdings LLC | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, remaining performance obligation, amount | 130 |
Potomac Electric Power Company | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, remaining performance obligation, amount | 104 |
Delmarva Power and Light Company | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, remaining performance obligation, amount | 13 |
Atlantic City Electric Company | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, remaining performance obligation, amount | 13 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01 | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, remaining performance obligation, amount | $ 3 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 6 months |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01 | Pepco Holdings LLC | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, remaining performance obligation, amount | $ 3 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 6 months |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01 | Potomac Electric Power Company | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, remaining performance obligation, amount | $ 3 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 6 months |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01 | Delmarva Power and Light Company | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, remaining performance obligation, amount | $ 0 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 6 months |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01 | Atlantic City Electric Company | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, remaining performance obligation, amount | $ 0 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 6 months |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01 | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, remaining performance obligation, amount | $ 7 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01 | Pepco Holdings LLC | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, remaining performance obligation, amount | $ 7 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01 | Potomac Electric Power Company | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, remaining performance obligation, amount | $ 5 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01 | Delmarva Power and Light Company | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, remaining performance obligation, amount | $ 1 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01 | Atlantic City Electric Company | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, remaining performance obligation, amount | $ 1 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01 | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, remaining performance obligation, amount | $ 6 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01 | Pepco Holdings LLC | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, remaining performance obligation, amount | $ 6 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01 | Potomac Electric Power Company | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, remaining performance obligation, amount | $ 5 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01 | Delmarva Power and Light Company | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, remaining performance obligation, amount | $ 1 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01 | Atlantic City Electric Company | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, remaining performance obligation, amount | $ 0 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01 | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, remaining performance obligation, amount | $ 5 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01 | Pepco Holdings LLC | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, remaining performance obligation, amount | $ 5 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01 | Potomac Electric Power Company | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, remaining performance obligation, amount | $ 5 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01 | Delmarva Power and Light Company | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, remaining performance obligation, amount | $ 0 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01 | Atlantic City Electric Company | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, remaining performance obligation, amount | $ 0 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01 | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, remaining performance obligation, amount | $ 109 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01 | Pepco Holdings LLC | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, remaining performance obligation, amount | $ 109 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01 | Potomac Electric Power Company | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, remaining performance obligation, amount | $ 86 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01 | Delmarva Power and Light Company | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, remaining performance obligation, amount | $ 11 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01 | Atlantic City Electric Company | |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
Revenue, remaining performance obligation, amount | $ 12 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 1 year |
Segment Information - Narrative
Segment Information - Narrative (Details) | 6 Months Ended |
Jun. 30, 2024 Reportable_segment | |
Segment Reporting Information [Line Items] | |
Number of reportable segments | 6 |
Pepco Holdings LLC | |
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, 2024 | Mar. 31, 2024 | Jun. 30, 2023 | Mar. 31, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023 | |
Segment Reporting Information [Line Items] | |||||||
Total operating revenues | $ 5,361 | $ 4,818 | $ 11,403 | $ 10,380 | |||
Income taxes | 46 | 73 | 109 | 206 | |||
Net income (loss): | 448 | $ 658 | 343 | $ 669 | 1,106 | 1,012 | |
Total assets | 105,113 | 105,113 | $ 101,546 | ||||
Pepco Holdings LLC | |||||||
Segment Reporting Information [Line Items] | |||||||
Total operating revenues | 1,471 | 1,305 | 3,077 | 2,841 | |||
Income taxes | 46 | 20 | 86 | 54 | |||
Net income (loss): | 158 | $ 168 | 103 | $ 155 | 326 | 258 | |
Total assets | 27,501 | 27,501 | 26,903 | ||||
Related Party | |||||||
Segment Reporting Information [Line Items] | |||||||
Interest expense, net | 7 | 6 | 12 | 12 | |||
Related Party | Pepco Holdings LLC | |||||||
Segment Reporting Information [Line Items] | |||||||
Operating revenues from affiliates | 2 | 2 | 4 | 4 | |||
Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Total operating revenues | 5,361 | 4,818 | 11,403 | 10,380 | |||
Depreciation and amortization | 894 | 866 | 1,773 | 1,727 | |||
Operating expenses | 4,455 | 4,114 | 9,386 | 8,571 | |||
Interest expense, net | 483 | 427 | 950 | 840 | |||
Income taxes | 46 | 73 | 109 | 206 | |||
Net income (loss): | 448 | 343 | 1,106 | 1,012 | |||
Capital expenditures | 1,699 | 1,804 | 3,466 | 3,685 | |||
Total assets | 105,113 | 105,113 | 101,546 | ||||
Operating Segment | Related Party | |||||||
Segment Reporting Information [Line Items] | |||||||
Operating revenues from affiliates | 0 | 0 | 0 | 0 | |||
Intersegment Eliminations | |||||||
Segment Reporting Information [Line Items] | |||||||
Total operating revenues | (476) | (447) | (946) | (893) | |||
Depreciation and amortization | 0 | 0 | 0 | 2 | |||
Operating expenses | (487) | (442) | (963) | (889) | |||
Interest expense, net | 0 | 0 | (2) | (2) | |||
Income taxes | 0 | 0 | 0 | 0 | |||
Net income (loss): | 0 | (6) | 0 | (4) | |||
Capital expenditures | 0 | 0 | 0 | 0 | |||
Total assets | (4,012) | (4,012) | (4,337) | ||||
Intersegment Eliminations | Pepco Holdings LLC | |||||||
Segment Reporting Information [Line Items] | |||||||
Total operating revenues | (117) | (108) | (226) | (210) | |||
Depreciation and amortization | 0 | 0 | 0 | 0 | |||
Operating expenses | (117) | (108) | (227) | (210) | |||
Interest expense, net | 0 | 0 | 0 | 0 | |||
Income taxes | 0 | 0 | 0 | 0 | |||
Net income (loss): | 0 | 1 | 0 | 0 | |||
Capital expenditures | 0 | 0 | 0 | 0 | |||
Total assets | (409) | (409) | (41) | ||||
Intersegment Eliminations | Related Party | |||||||
Segment Reporting Information [Line Items] | |||||||
Operating revenues from affiliates | (474) | (440) | (941) | (884) | |||
Intersegment Eliminations | Related Party | Pepco Holdings LLC | |||||||
Segment Reporting Information [Line Items] | |||||||
Operating revenues from affiliates | (117) | (107) | (227) | (209) | |||
Commonwealth Edison Co | Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Total operating revenues | 2,079 | 1,901 | 4,174 | 3,568 | |||
Depreciation and amortization | 374 | 350 | 737 | 688 | |||
Operating expenses | 1,680 | 1,478 | 3,462 | 2,734 | |||
Interest expense, net | 123 | 120 | 246 | 237 | |||
Income taxes | 31 | 71 | 49 | 142 | |||
Net income (loss): | 270 | 249 | 463 | 489 | |||
Capital expenditures | 517 | 645 | 1,111 | 1,262 | |||
Total assets | 44,248 | 44,248 | 42,827 | ||||
Commonwealth Edison Co | Intersegment Eliminations | Related Party | |||||||
Segment Reporting Information [Line Items] | |||||||
Operating revenues from affiliates | 2 | 2 | 4 | 5 | |||
PECO Energy Co | Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Total operating revenues | 891 | 828 | 1,945 | 1,940 | |||
Depreciation and amortization | 107 | 99 | 210 | 197 | |||
Operating expenses | 752 | 687 | 1,603 | 1,590 | |||
Interest expense, net | 57 | 48 | 112 | 97 | |||
Income taxes | 3 | 2 | 13 | 5 | |||
Net income (loss): | 90 | 97 | 239 | 263 | |||
Capital expenditures | 382 | 372 | 743 | 707 | |||
Total assets | 16,354 | 16,354 | 15,595 | ||||
PECO Energy Co | Intersegment Eliminations | Related Party | |||||||
Segment Reporting Information [Line Items] | |||||||
Operating revenues from affiliates | 2 | 2 | 4 | 4 | |||
Baltimore Gas and Electric Company | Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Total operating revenues | 928 | 797 | 2,225 | 2,053 | |||
Depreciation and amortization | 162 | 158 | 312 | 325 | |||
Operating expenses | 835 | 704 | 1,802 | 1,667 | |||
Interest expense, net | 53 | 44 | 103 | 88 | |||
Income taxes | 4 | 12 | 28 | 65 | |||
Net income (loss): | 44 | 42 | 308 | 241 | |||
Capital expenditures | 344 | 306 | 668 | 656 | |||
Total assets | 14,945 | 14,945 | 14,184 | ||||
Baltimore Gas and Electric Company | Intersegment Eliminations | Related Party | |||||||
Segment Reporting Information [Line Items] | |||||||
Operating revenues from affiliates | 2 | 2 | 5 | 4 | |||
Pepco Holdings LLC | Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Total operating revenues | 1,471 | 1,305 | 3,077 | 2,841 | |||
Depreciation and amortization | 235 | 243 | 481 | 484 | |||
Operating expenses | 1,204 | 1,126 | 2,539 | 2,423 | |||
Interest expense, net | 92 | 81 | 183 | 157 | |||
Income taxes | 46 | 20 | 86 | 54 | |||
Net income (loss): | 158 | 103 | 326 | 258 | |||
Capital expenditures | 450 | 461 | 903 | 1,022 | |||
Total assets | 27,501 | 27,501 | 26,903 | ||||
Pepco Holdings LLC | Intersegment Eliminations | Related Party | |||||||
Segment Reporting Information [Line Items] | |||||||
Operating revenues from affiliates | 2 | 2 | 4 | 4 | |||
Potomac Electric Power Company | Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Total operating revenues | 700 | 642 | 1,459 | 1,351 | |||
Depreciation and amortization | 98 | 109 | 205 | 216 | |||
Operating expenses | 534 | 541 | 1,174 | 1,151 | |||
Interest expense, net | 46 | 43 | 92 | 81 | |||
Income taxes | 28 | 10 | 42 | 22 | |||
Net income (loss): | 108 | 64 | 183 | 130 | |||
Capital expenditures | 225 | 219 | 454 | 483 | |||
Total assets | 11,542 | 11,542 | 11,194 | ||||
Potomac Electric Power Company | Intersegment Eliminations | Related Party | |||||||
Segment Reporting Information [Line Items] | |||||||
Operating revenues from affiliates | 2 | 2 | 3 | 3 | |||
Delmarva Power and Light Company | Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Total operating revenues | 390 | 349 | 880 | 823 | |||
Depreciation and amortization | 61 | 60 | 122 | 121 | |||
Operating expenses | 332 | 305 | 723 | 693 | |||
Interest expense, net | 24 | 18 | 46 | 36 | |||
Income taxes | 8 | 5 | 25 | 17 | |||
Net income (loss): | 34 | 25 | 101 | 85 | |||
Capital expenditures | 134 | 124 | 268 | 258 | |||
Total assets | 6,277 | 6,277 | 5,966 | ||||
Delmarva Power and Light Company | Intersegment Eliminations | Related Party | |||||||
Segment Reporting Information [Line Items] | |||||||
Operating revenues from affiliates | 1 | 2 | 3 | 3 | |||
Atlantic City Electric Company | Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Total operating revenues | 383 | 317 | 740 | 670 | |||
Depreciation and amortization | 72 | 68 | 146 | 135 | |||
Operating expenses | 338 | 280 | 641 | 577 | |||
Interest expense, net | 20 | 17 | 39 | 34 | |||
Income taxes | 8 | 6 | 18 | 17 | |||
Net income (loss): | 21 | 18 | 50 | 51 | |||
Capital expenditures | 91 | 114 | 180 | 275 | |||
Total assets | 5,327 | 5,327 | 5,157 | ||||
Atlantic City Electric Company | Intersegment Eliminations | Related Party | |||||||
Segment Reporting Information [Line Items] | |||||||
Operating revenues from affiliates | 1 | 1 | 1 | 1 | |||
Corporate and Other | Corporate, Non-Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Total operating revenues | 468 | 434 | 928 | 871 | |||
Depreciation and amortization | 16 | 16 | 33 | 31 | |||
Operating expenses | 471 | 561 | 943 | 1,046 | |||
Interest expense, net | 158 | 134 | 308 | 263 | |||
Income taxes | (38) | (32) | (67) | (60) | |||
Net income (loss): | (114) | (142) | (230) | (235) | |||
Capital expenditures | 6 | 20 | 41 | 38 | |||
Total assets | 6,077 | 6,077 | 6,374 | ||||
Corporate and Other | Corporate, Non-Segment | Pepco Holdings LLC | |||||||
Segment Reporting Information [Line Items] | |||||||
Total operating revenues | 115 | 105 | 224 | 207 | |||
Depreciation and amortization | 4 | 6 | 8 | 12 | |||
Operating expenses | 117 | 108 | 228 | 212 | |||
Interest expense, net | 2 | 3 | 6 | 6 | |||
Income taxes | 2 | (1) | 1 | (2) | |||
Net income (loss): | (5) | (5) | (8) | (8) | |||
Capital expenditures | 0 | 4 | 1 | 6 | |||
Total assets | 4,764 | 4,764 | $ 4,627 | ||||
Corporate and Other | Intersegment Eliminations | Related Party | |||||||
Segment Reporting Information [Line Items] | |||||||
Operating revenues from affiliates | 466 | 432 | 924 | 867 | |||
Corporate and Other | Intersegment Eliminations | Related Party | Pepco Holdings LLC | |||||||
Segment Reporting Information [Line Items] | |||||||
Operating revenues from affiliates | 115 | 104 | 224 | 206 | |||
Rate-regulated electric revenues | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 5,169 | 4,434 | 10,367 | 8,896 | |||
Rate-regulated electric revenues | Pepco Holdings LLC | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 1,455 | 1,265 | 2,941 | 2,637 | |||
Rate-regulated electric revenues | Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 5,093 | 4,556 | 10,377 | 9,264 | |||
Rate-regulated electric revenues | Intersegment Eliminations | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | (6) | (10) | (11) | (14) | |||
Rate-regulated electric revenues | Intersegment Eliminations | Pepco Holdings LLC | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | (4) | (5) | (6) | (7) | |||
Rate-regulated electric revenues | Commonwealth Edison Co | Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 2,079 | 1,901 | 4,174 | 3,568 | |||
Rate-regulated electric revenues | PECO Energy Co | Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 797 | 719 | 1,577 | 1,514 | |||
Rate-regulated electric revenues | Baltimore Gas and Electric Company | Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 782 | 672 | 1,664 | 1,485 | |||
Rate-regulated electric revenues | Pepco Holdings LLC | Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 1,441 | 1,274 | 2,973 | 2,711 | |||
Rate-regulated electric revenues | Potomac Electric Power Company | Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 700 | 642 | 1,459 | 1,351 | |||
Rate-regulated electric revenues | Delmarva Power and Light Company | Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 362 | 320 | 780 | 697 | |||
Rate-regulated electric revenues | Atlantic City Electric Company | Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 383 | 317 | 740 | 670 | |||
Rate-regulated electric revenues | Corporate and Other | Corporate, Non-Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 | |||
Rate-regulated electric revenues | Corporate and Other | Corporate, Non-Segment | Pepco Holdings LLC | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 | |||
Rate-regulated natural gas revenues | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 272 | 258 | 1,011 | 1,080 | |||
Rate-regulated natural gas revenues | Pepco Holdings LLC | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 28 | 29 | 100 | 126 | |||
Rate-regulated natural gas revenues | Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 268 | 262 | 1,026 | 1,116 | |||
Rate-regulated natural gas revenues | Intersegment Eliminations | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 0 | (1) | (3) | (4) | |||
Rate-regulated natural gas revenues | Intersegment Eliminations | Pepco Holdings LLC | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 | |||
Rate-regulated natural gas revenues | Commonwealth Edison Co | Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 | |||
Rate-regulated natural gas revenues | PECO Energy Co | Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 94 | 109 | 368 | 426 | |||
Rate-regulated natural gas revenues | Baltimore Gas and Electric Company | Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 146 | 125 | 561 | 568 | |||
Rate-regulated natural gas revenues | Pepco Holdings LLC | Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 28 | 29 | 100 | 126 | |||
Rate-regulated natural gas revenues | Potomac Electric Power Company | Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 | |||
Rate-regulated natural gas revenues | Delmarva Power and Light Company | Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 28 | 29 | 100 | 126 | |||
Rate-regulated natural gas revenues | Atlantic City Electric Company | Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 | |||
Rate-regulated natural gas revenues | Corporate and Other | Corporate, Non-Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 | |||
Rate-regulated natural gas revenues | Corporate and Other | Corporate, Non-Segment | Pepco Holdings LLC | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 | |||
Shared service and other revenues | Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 | |||
Shared service and other revenues | Intersegment Eliminations | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | (470) | (436) | (932) | (875) | |||
Shared service and other revenues | Intersegment Eliminations | Pepco Holdings LLC | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | (113) | (103) | (220) | (203) | |||
Shared service and other revenues | Commonwealth Edison Co | Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 | |||
Shared service and other revenues | PECO Energy Co | Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 | |||
Shared service and other revenues | Baltimore Gas and Electric Company | Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 | |||
Shared service and other revenues | Pepco Holdings LLC | Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 2 | 2 | 4 | 4 | |||
Shared service and other revenues | Potomac Electric Power Company | Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 | |||
Shared service and other revenues | Delmarva Power and Light Company | Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 | |||
Shared service and other revenues | Atlantic City Electric Company | Operating Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 | |||
Shared service and other revenues | Corporate and Other | Corporate, Non-Segment | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | 468 | 434 | 928 | 871 | |||
Shared service and other revenues | Corporate and Other | Corporate, Non-Segment | Pepco Holdings LLC | |||||||
Segment Reporting Information [Line Items] | |||||||
Electric and natural gas operating revenues | $ 115 | $ 105 | $ 224 | $ 207 |
Segment Information - Electric
Segment Information - Electric and Gas Revenue by Customer Class (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Revenue, Major Customer [Line Items] | ||||
Total operating revenues | $ 5,361 | $ 4,818 | $ 11,403 | $ 10,380 |
Operating Segment | ||||
Revenue, Major Customer [Line Items] | ||||
Total operating revenues | 5,361 | 4,818 | 11,403 | 10,380 |
Operating Segment | Related Party | ||||
Revenue, Major Customer [Line Items] | ||||
Operating revenues from affiliates | 0 | 0 | 0 | 0 |
Commonwealth Edison Co | ||||
Revenue, Major Customer [Line Items] | ||||
Total operating revenues | 2,079 | 1,901 | 4,174 | 3,568 |
Commonwealth Edison Co | Related Party | ||||
Revenue, Major Customer [Line Items] | ||||
Operating revenues from affiliates | 2 | 2 | 4 | 5 |
Commonwealth Edison Co | Regulated Operation | ||||
Revenue, Major Customer [Line Items] | ||||
Total operating revenues | 2,123 | 1,774 | 4,198 | 3,283 |
Commonwealth Edison Co | Other Regulated Revenue | ||||
Revenue, Major Customer [Line Items] | ||||
Total operating revenues | (44) | 127 | (24) | 285 |
PECO Energy Co | ||||
Revenue, Major Customer [Line Items] | ||||
Total operating revenues | 891 | 828 | 1,945 | 1,940 |
PECO Energy Co | Related Party | ||||
Revenue, Major Customer [Line Items] | ||||
Operating revenues from affiliates | 2 | 2 | 4 | 4 |
PECO Energy Co | Regulated Operation | ||||
Revenue, Major Customer [Line Items] | ||||
Total operating revenues | 886 | 827 | 1,942 | 1,938 |
PECO Energy Co | Other Regulated Revenue | ||||
Revenue, Major Customer [Line Items] | ||||
Total operating revenues | 5 | 1 | 3 | 2 |
Baltimore Gas and Electric Company | ||||
Revenue, Major Customer [Line Items] | ||||
Total operating revenues | 928 | 797 | 2,225 | 2,053 |
Baltimore Gas and Electric Company | Related Party | ||||
Revenue, Major Customer [Line Items] | ||||
Operating revenues from affiliates | 2 | 2 | 5 | 4 |
Baltimore Gas and Electric Company | Regulated Operation | ||||
Revenue, Major Customer [Line Items] | ||||
Total operating revenues | 950 | 788 | 2,202 | 1,972 |
Baltimore Gas and Electric Company | Other Regulated Revenue | ||||
Revenue, Major Customer [Line Items] | ||||
Total operating revenues | (22) | 9 | 23 | 81 |
Pepco Holdings LLC | ||||
Revenue, Major Customer [Line Items] | ||||
Total operating revenues | 1,471 | 1,305 | 3,077 | 2,841 |
Pepco Holdings LLC | Related Party | ||||
Revenue, Major Customer [Line Items] | ||||
Operating revenues from affiliates | 2 | 2 | 4 | 4 |
Pepco Holdings LLC | Regulated Operation | ||||
Revenue, Major Customer [Line Items] | ||||
Total operating revenues | 1,482 | 1,293 | 3,038 | 2,760 |
Pepco Holdings LLC | Other Regulated Revenue | ||||
Revenue, Major Customer [Line Items] | ||||
Total operating revenues | (11) | 12 | 39 | 81 |
Potomac Electric Power Company | ||||
Revenue, Major Customer [Line Items] | ||||
Total operating revenues | 700 | 642 | 1,459 | 1,351 |
Potomac Electric Power Company | Related Party | ||||
Revenue, Major Customer [Line Items] | ||||
Operating revenues from affiliates | 2 | 2 | 3 | 3 |
Potomac Electric Power Company | Regulated Operation | ||||
Revenue, Major Customer [Line Items] | ||||
Total operating revenues | 691 | 633 | 1,417 | 1,300 |
Potomac Electric Power Company | Other Regulated Revenue | ||||
Revenue, Major Customer [Line Items] | ||||
Total operating revenues | 9 | 9 | 42 | 51 |
Delmarva Power and Light Company | ||||
Revenue, Major Customer [Line Items] | ||||
Total operating revenues | 390 | 349 | 880 | 823 |
Delmarva Power and Light Company | Related Party | ||||
Revenue, Major Customer [Line Items] | ||||
Operating revenues from affiliates | 1 | 2 | 3 | 3 |
Delmarva Power and Light Company | Regulated Operation | ||||
Revenue, Major Customer [Line Items] | ||||
Total operating revenues | 389 | 345 | 874 | 809 |
Delmarva Power and Light Company | Other Regulated Revenue | ||||
Revenue, Major Customer [Line Items] | ||||
Total operating revenues | 1 | 4 | 6 | 14 |
Atlantic City Electric Company | ||||
Revenue, Major Customer [Line Items] | ||||
Total operating revenues | 383 | 317 | 740 | 670 |
Atlantic City Electric Company | Related Party | ||||
Revenue, Major Customer [Line Items] | ||||
Operating revenues from affiliates | 1 | 1 | 1 | 1 |
Atlantic City Electric Company | Regulated Operation | ||||
Revenue, Major Customer [Line Items] | ||||
Total operating revenues | 404 | 318 | 749 | 654 |
Atlantic City Electric Company | Other Regulated Revenue | ||||
Revenue, Major Customer [Line Items] | ||||
Total operating revenues | (21) | (1) | (9) | 16 |
Rate-regulated electric revenues | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 5,169 | 4,434 | 10,367 | 8,896 |
Rate-regulated electric revenues | Operating Segment | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 5,093 | 4,556 | 10,377 | 9,264 |
Rate-regulated electric revenues | Commonwealth Edison Co | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 2,120 | 1,781 | 4,194 | 3,293 |
Rate-regulated electric revenues | Commonwealth Edison Co | Regulated Operation | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 2,123 | 1,774 | 4,198 | 3,283 |
Rate-regulated electric revenues | Commonwealth Edison Co | Regulated Operation | Related Party | ||||
Revenue, Major Customer [Line Items] | ||||
Operating revenues from affiliates | 2 | 2 | 4 | 5 |
Rate-regulated electric revenues | Commonwealth Edison Co | Regulated Operation | Operating Segment | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | (1) | 9 | 0 | 15 |
Rate-regulated electric revenues | Commonwealth Edison Co | Regulated Operation | Residential | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 982 | 861 | 1,900 | 1,698 |
Rate-regulated electric revenues | Commonwealth Edison Co | Regulated Operation | Small commercial & industrial | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 560 | 461 | 1,154 | 823 |
Rate-regulated electric revenues | Commonwealth Edison Co | Regulated Operation | Large commercial & industrial | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 269 | 205 | 589 | 290 |
Rate-regulated electric revenues | Commonwealth Edison Co | Regulated Operation | Public authorities & electric railroads | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 14 | 13 | 32 | 22 |
Rate-regulated electric revenues | Commonwealth Edison Co | Regulated Operation | Other | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 298 | 234 | 523 | 450 |
Rate-regulated electric revenues | PECO Energy Co | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 795 | 723 | 1,576 | 1,521 |
Rate-regulated electric revenues | PECO Energy Co | Regulated Operation | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 793 | 719 | 1,575 | 1,514 |
Rate-regulated electric revenues | PECO Energy Co | Regulated Operation | Related Party | ||||
Revenue, Major Customer [Line Items] | ||||
Operating revenues from affiliates | 2 | 1 | 3 | 3 |
Rate-regulated electric revenues | PECO Energy Co | Regulated Operation | Operating Segment | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 4 | 5 | 4 | 10 |
Rate-regulated electric revenues | PECO Energy Co | Regulated Operation | Residential | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 522 | 444 | 1,042 | 963 |
Rate-regulated electric revenues | PECO Energy Co | Regulated Operation | Small commercial & industrial | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 128 | 132 | 254 | 267 |
Rate-regulated electric revenues | PECO Energy Co | Regulated Operation | Large commercial & industrial | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 61 | 64 | 118 | 129 |
Rate-regulated electric revenues | PECO Energy Co | Regulated Operation | Public authorities & electric railroads | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 7 | 8 | 14 | 16 |
Rate-regulated electric revenues | PECO Energy Co | Regulated Operation | Other | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 75 | 71 | 147 | 139 |
Rate-regulated electric revenues | Baltimore Gas and Electric Company | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 799 | 670 | 1,656 | 1,449 |
Rate-regulated electric revenues | Baltimore Gas and Electric Company | Regulated Operation | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 800 | 667 | 1,657 | 1,443 |
Rate-regulated electric revenues | Baltimore Gas and Electric Company | Regulated Operation | Related Party | ||||
Revenue, Major Customer [Line Items] | ||||
Operating revenues from affiliates | 2 | 1 | 4 | 2 |
Rate-regulated electric revenues | Baltimore Gas and Electric Company | Regulated Operation | Operating Segment | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 1 | 4 | 3 | 8 |
Rate-regulated electric revenues | Baltimore Gas and Electric Company | Regulated Operation | Residential | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 464 | 363 | 999 | 796 |
Rate-regulated electric revenues | Baltimore Gas and Electric Company | Regulated Operation | Small commercial & industrial | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 88 | 75 | 178 | 167 |
Rate-regulated electric revenues | Baltimore Gas and Electric Company | Regulated Operation | Large commercial & industrial | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 139 | 119 | 271 | 268 |
Rate-regulated electric revenues | Baltimore Gas and Electric Company | Regulated Operation | Public authorities & electric railroads | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 8 | 7 | 15 | 14 |
Rate-regulated electric revenues | Baltimore Gas and Electric Company | Regulated Operation | Other | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 101 | 103 | 194 | 198 |
Rate-regulated electric revenues | Pepco Holdings LLC | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 1,455 | 1,265 | 2,941 | 2,637 |
Rate-regulated electric revenues | Pepco Holdings LLC | Regulated Operation | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 1,454 | 1,264 | 2,938 | 2,634 |
Rate-regulated electric revenues | Pepco Holdings LLC | Regulated Operation | Related Party | ||||
Revenue, Major Customer [Line Items] | ||||
Operating revenues from affiliates | 2 | 2 | 4 | 4 |
Rate-regulated electric revenues | Pepco Holdings LLC | Regulated Operation | Operating Segment | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 3 | 3 | 7 | 7 |
Rate-regulated electric revenues | Pepco Holdings LLC | Regulated Operation | Residential | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 746 | 583 | 1,521 | 1,221 |
Rate-regulated electric revenues | Pepco Holdings LLC | Regulated Operation | Small commercial & industrial | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 158 | 144 | 316 | 304 |
Rate-regulated electric revenues | Pepco Holdings LLC | Regulated Operation | Large commercial & industrial | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 329 | 337 | 669 | 714 |
Rate-regulated electric revenues | Pepco Holdings LLC | Regulated Operation | Public authorities & electric railroads | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 16 | 15 | 36 | 33 |
Rate-regulated electric revenues | Pepco Holdings LLC | Regulated Operation | Other | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 205 | 185 | 396 | 362 |
Rate-regulated electric revenues | Potomac Electric Power Company | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 691 | 633 | 1,419 | 1,302 |
Rate-regulated electric revenues | Potomac Electric Power Company | Regulated Operation | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 691 | 633 | 1,417 | 1,300 |
Rate-regulated electric revenues | Potomac Electric Power Company | Regulated Operation | Related Party | ||||
Revenue, Major Customer [Line Items] | ||||
Operating revenues from affiliates | 2 | 2 | 3 | 3 |
Rate-regulated electric revenues | Potomac Electric Power Company | Regulated Operation | Operating Segment | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 2 | 2 | 5 | 5 |
Rate-regulated electric revenues | Potomac Electric Power Company | Regulated Operation | Residential | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 315 | 267 | 659 | 549 |
Rate-regulated electric revenues | Potomac Electric Power Company | Regulated Operation | Small commercial & industrial | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 43 | 41 | 89 | 80 |
Rate-regulated electric revenues | Potomac Electric Power Company | Regulated Operation | Large commercial & industrial | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 251 | 254 | 513 | 535 |
Rate-regulated electric revenues | Potomac Electric Power Company | Regulated Operation | Public authorities & electric railroads | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 7 | 7 | 18 | 16 |
Rate-regulated electric revenues | Potomac Electric Power Company | Regulated Operation | Other | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 75 | 64 | 138 | 120 |
Rate-regulated electric revenues | Delmarva Power and Light Company | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 361 | 315 | 773 | 682 |
Rate-regulated electric revenues | Delmarva Power and Light Company | Regulated Operation | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 361 | 316 | 774 | 683 |
Rate-regulated electric revenues | Delmarva Power and Light Company | Regulated Operation | Related Party | ||||
Revenue, Major Customer [Line Items] | ||||
Operating revenues from affiliates | 1 | 2 | 3 | 3 |
Rate-regulated electric revenues | Delmarva Power and Light Company | Regulated Operation | Operating Segment | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 1 | 1 | 2 | 2 |
Rate-regulated electric revenues | Delmarva Power and Light Company | Regulated Operation | Residential | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 202 | 161 | 458 | 371 |
Rate-regulated electric revenues | Delmarva Power and Light Company | Regulated Operation | Small commercial & industrial | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 60 | 57 | 122 | 119 |
Rate-regulated electric revenues | Delmarva Power and Light Company | Regulated Operation | Large commercial & industrial | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 31 | 33 | 60 | 66 |
Rate-regulated electric revenues | Delmarva Power and Light Company | Regulated Operation | Public authorities & electric railroads | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 4 | 4 | 8 | 8 |
Rate-regulated electric revenues | Delmarva Power and Light Company | Regulated Operation | Other | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 64 | 61 | 126 | 119 |
Rate-regulated electric revenues | Atlantic City Electric Company | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 403 | 317 | 748 | 653 |
Rate-regulated electric revenues | Atlantic City Electric Company | Regulated Operation | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 404 | 318 | 749 | 654 |
Rate-regulated electric revenues | Atlantic City Electric Company | Regulated Operation | Related Party | ||||
Revenue, Major Customer [Line Items] | ||||
Operating revenues from affiliates | 1 | 1 | 1 | 1 |
Rate-regulated electric revenues | Atlantic City Electric Company | Regulated Operation | Operating Segment | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 |
Rate-regulated electric revenues | Atlantic City Electric Company | Regulated Operation | Residential | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 229 | 155 | 404 | 301 |
Rate-regulated electric revenues | Atlantic City Electric Company | Regulated Operation | Small commercial & industrial | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 55 | 46 | 105 | 105 |
Rate-regulated electric revenues | Atlantic City Electric Company | Regulated Operation | Large commercial & industrial | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 47 | 50 | 96 | 113 |
Rate-regulated electric revenues | Atlantic City Electric Company | Regulated Operation | Public authorities & electric railroads | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 5 | 4 | 10 | 9 |
Rate-regulated electric revenues | Atlantic City Electric Company | Regulated Operation | Other | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 68 | 63 | 134 | 126 |
Rate-regulated natural gas revenues | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 272 | 258 | 1,011 | 1,080 |
Rate-regulated natural gas revenues | Operating Segment | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 268 | 262 | 1,026 | 1,116 |
Rate-regulated natural gas revenues | Commonwealth Edison Co | Regulated Operation | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 |
Rate-regulated natural gas revenues | Commonwealth Edison Co | Regulated Operation | Operating Segment | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 |
Rate-regulated natural gas revenues | Commonwealth Edison Co | Regulated Operation | Residential | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 |
Rate-regulated natural gas revenues | Commonwealth Edison Co | Regulated Operation | Small commercial & industrial | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 |
Rate-regulated natural gas revenues | Commonwealth Edison Co | Regulated Operation | Large commercial & industrial | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 |
Rate-regulated natural gas revenues | Commonwealth Edison Co | Regulated Operation | Transportation | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 |
Rate-regulated natural gas revenues | Commonwealth Edison Co | Regulated Operation | Other | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 |
Rate-regulated natural gas revenues | PECO Energy Co | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 94 | 108 | 367 | 425 |
Rate-regulated natural gas revenues | PECO Energy Co | Regulated Operation | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 93 | 108 | 367 | 424 |
Rate-regulated natural gas revenues | PECO Energy Co | Regulated Operation | Related Party | ||||
Revenue, Major Customer [Line Items] | ||||
Operating revenues from affiliates | 0 | 1 | 1 | 1 |
Rate-regulated natural gas revenues | PECO Energy Co | Regulated Operation | Operating Segment | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 1 | 1 | 1 | 2 |
Rate-regulated natural gas revenues | PECO Energy Co | Regulated Operation | Residential | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 63 | 69 | 256 | 292 |
Rate-regulated natural gas revenues | PECO Energy Co | Regulated Operation | Small commercial & industrial | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 25 | 32 | 89 | 107 |
Rate-regulated natural gas revenues | PECO Energy Co | Regulated Operation | Large commercial & industrial | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 1 |
Rate-regulated natural gas revenues | PECO Energy Co | Regulated Operation | Transportation | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 5 | 5 | 13 | 13 |
Rate-regulated natural gas revenues | PECO Energy Co | Regulated Operation | Other | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 0 | 2 | 9 | 11 |
Rate-regulated natural gas revenues | Baltimore Gas and Electric Company | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 150 | 121 | 545 | 530 |
Rate-regulated natural gas revenues | Baltimore Gas and Electric Company | Regulated Operation | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 150 | 121 | 545 | 529 |
Rate-regulated natural gas revenues | Baltimore Gas and Electric Company | Regulated Operation | Related Party | ||||
Revenue, Major Customer [Line Items] | ||||
Operating revenues from affiliates | 0 | 1 | 1 | 2 |
Rate-regulated natural gas revenues | Baltimore Gas and Electric Company | Regulated Operation | Operating Segment | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 0 | 1 | 1 | 3 |
Rate-regulated natural gas revenues | Baltimore Gas and Electric Company | Regulated Operation | Residential | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 89 | 71 | 360 | 349 |
Rate-regulated natural gas revenues | Baltimore Gas and Electric Company | Regulated Operation | Small commercial & industrial | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 17 | 15 | 65 | 56 |
Rate-regulated natural gas revenues | Baltimore Gas and Electric Company | Regulated Operation | Large commercial & industrial | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 40 | 30 | 112 | 100 |
Rate-regulated natural gas revenues | Baltimore Gas and Electric Company | Regulated Operation | Transportation | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 |
Rate-regulated natural gas revenues | Baltimore Gas and Electric Company | Regulated Operation | Other | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 4 | 5 | 8 | 24 |
Rate-regulated natural gas revenues | Pepco Holdings LLC | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 28 | 29 | 100 | 126 |
Rate-regulated natural gas revenues | Pepco Holdings LLC | Regulated Operation | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 28 | 29 | 100 | 126 |
Rate-regulated natural gas revenues | Pepco Holdings LLC | Regulated Operation | Operating Segment | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 |
Rate-regulated natural gas revenues | Pepco Holdings LLC | Regulated Operation | Residential | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 15 | 16 | 61 | 76 |
Rate-regulated natural gas revenues | Pepco Holdings LLC | Regulated Operation | Small commercial & industrial | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 7 | 7 | 24 | 33 |
Rate-regulated natural gas revenues | Pepco Holdings LLC | Regulated Operation | Large commercial & industrial | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 1 | 1 | 3 | 2 |
Rate-regulated natural gas revenues | Pepco Holdings LLC | Regulated Operation | Transportation | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 4 | 4 | 9 | 8 |
Rate-regulated natural gas revenues | Pepco Holdings LLC | Regulated Operation | Other | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 1 | 1 | 3 | 7 |
Rate-regulated natural gas revenues | Potomac Electric Power Company | Regulated Operation | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 |
Rate-regulated natural gas revenues | Potomac Electric Power Company | Regulated Operation | Operating Segment | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 |
Rate-regulated natural gas revenues | Potomac Electric Power Company | Regulated Operation | Residential | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 |
Rate-regulated natural gas revenues | Potomac Electric Power Company | Regulated Operation | Small commercial & industrial | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 |
Rate-regulated natural gas revenues | Potomac Electric Power Company | Regulated Operation | Large commercial & industrial | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 |
Rate-regulated natural gas revenues | Potomac Electric Power Company | Regulated Operation | Transportation | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 |
Rate-regulated natural gas revenues | Potomac Electric Power Company | Regulated Operation | Other | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 |
Rate-regulated natural gas revenues | Delmarva Power and Light Company | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 28 | 29 | 100 | 126 |
Rate-regulated natural gas revenues | Delmarva Power and Light Company | Regulated Operation | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 28 | 29 | 100 | 126 |
Rate-regulated natural gas revenues | Delmarva Power and Light Company | Regulated Operation | Operating Segment | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 |
Rate-regulated natural gas revenues | Delmarva Power and Light Company | Regulated Operation | Residential | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 15 | 16 | 61 | 76 |
Rate-regulated natural gas revenues | Delmarva Power and Light Company | Regulated Operation | Small commercial & industrial | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 7 | 7 | 24 | 33 |
Rate-regulated natural gas revenues | Delmarva Power and Light Company | Regulated Operation | Large commercial & industrial | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 1 | 1 | 3 | 2 |
Rate-regulated natural gas revenues | Delmarva Power and Light Company | Regulated Operation | Transportation | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 4 | 4 | 9 | 8 |
Rate-regulated natural gas revenues | Delmarva Power and Light Company | Regulated Operation | Other | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 1 | 1 | 3 | 7 |
Rate-regulated natural gas revenues | Atlantic City Electric Company | Regulated Operation | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 |
Rate-regulated natural gas revenues | Atlantic City Electric Company | Regulated Operation | Operating Segment | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 |
Rate-regulated natural gas revenues | Atlantic City Electric Company | Regulated Operation | Residential | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 |
Rate-regulated natural gas revenues | Atlantic City Electric Company | Regulated Operation | Small commercial & industrial | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 |
Rate-regulated natural gas revenues | Atlantic City Electric Company | Regulated Operation | Large commercial & industrial | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 |
Rate-regulated natural gas revenues | Atlantic City Electric Company | Regulated Operation | Transportation | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 |
Rate-regulated natural gas revenues | Atlantic City Electric Company | Regulated Operation | Other | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 0 | 0 | 0 | 0 |
Alternative revenue programs | Commonwealth Edison Co | Regulated Operation | Operating Segment | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | (43) | 118 | (24) | 270 |
Alternative revenue programs | PECO Energy Co | Regulated Operation | Operating Segment | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 0 | (5) | (2) | (10) |
Alternative revenue programs | Baltimore Gas and Electric Company | Regulated Operation | Operating Segment | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | (23) | 4 | 19 | 70 |
Alternative revenue programs | Pepco Holdings LLC | Regulated Operation | Operating Segment | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | (14) | 9 | 32 | 74 |
Alternative revenue programs | Potomac Electric Power Company | Regulated Operation | Operating Segment | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 7 | 7 | 37 | 46 |
Alternative revenue programs | Delmarva Power and Light Company | Regulated Operation | Operating Segment | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | 0 | 3 | 4 | 12 |
Alternative revenue programs | Atlantic City Electric Company | Regulated Operation | Operating Segment | ||||
Revenue, Major Customer [Line Items] | ||||
Electric and natural gas operating revenues | $ (21) | $ (1) | $ (9) | $ 16 |
Accounts Receivable - Allowance
Accounts Receivable - Allowance for Credit Losses Rollforward (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Current period provision for expected credit losses | $ 93 | $ 46 | ||
Commonwealth Edison Co | ||||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Current period provision for expected credit losses | 8 | 1 | ||
PECO Energy Co | ||||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Current period provision for expected credit losses | 47 | 19 | ||
Baltimore Gas and Electric Company | ||||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Current period provision for expected credit losses | 11 | 4 | ||
Pepco Holdings LLC | ||||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Current period provision for expected credit losses | 27 | 22 | ||
Potomac Electric Power Company | ||||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Current period provision for expected credit losses | 16 | 13 | ||
Delmarva Power and Light Company | ||||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Current period provision for expected credit losses | 3 | 3 | ||
Atlantic City Electric Company | ||||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Current period provision for expected credit losses | 7 | 6 | ||
Customer accounts receivable | ||||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Beginning balance | $ 346 | $ 389 | 317 | 327 |
Current period provision for expected credit losses | 55 | (35) | 135 | 71 |
Writeoffs, net of recoveries | 29 | 31 | 80 | 75 |
Ending balance | 372 | 323 | 372 | 323 |
Customer accounts receivable | Commonwealth Edison Co | ||||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Beginning balance | 82 | 74 | 69 | 59 |
Current period provision for expected credit losses | 38 | (1) | 60 | 21 |
Writeoffs, net of recoveries | 8 | 6 | 17 | 13 |
Ending balance | 112 | 67 | 112 | 67 |
Customer accounts receivable | PECO Energy Co | ||||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Beginning balance | 107 | 130 | 95 | 105 |
Current period provision for expected credit losses | 11 | (20) | 34 | 18 |
Writeoffs, net of recoveries | 6 | 9 | 17 | 22 |
Ending balance | 112 | 101 | 112 | 101 |
Customer accounts receivable | Baltimore Gas and Electric Company | ||||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Beginning balance | 52 | 73 | 46 | 54 |
Current period provision for expected credit losses | (1) | (16) | 14 | 14 |
Writeoffs, net of recoveries | 6 | 7 | 15 | 18 |
Ending balance | 45 | 50 | 45 | 50 |
Customer accounts receivable | Pepco Holdings LLC | ||||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Beginning balance | 105 | 112 | 107 | 109 |
Current period provision for expected credit losses | 7 | 2 | 27 | 18 |
Writeoffs, net of recoveries | 9 | 9 | 31 | 22 |
Ending balance | 103 | 105 | 103 | 105 |
Customer accounts receivable | Potomac Electric Power Company | ||||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Beginning balance | 52 | 49 | 52 | 47 |
Current period provision for expected credit losses | 5 | 4 | 18 | 13 |
Writeoffs, net of recoveries | 4 | 3 | 17 | 10 |
Ending balance | 53 | 50 | 53 | 50 |
Customer accounts receivable | Delmarva Power and Light Company | ||||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Beginning balance | 17 | 26 | 19 | 21 |
Current period provision for expected credit losses | 1 | (3) | 4 | 4 |
Writeoffs, net of recoveries | 2 | 2 | 7 | 4 |
Ending balance | 16 | 21 | 16 | 21 |
Customer accounts receivable | Atlantic City Electric Company | ||||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Beginning balance | 36 | 37 | 36 | 41 |
Current period provision for expected credit losses | 1 | 1 | 5 | 1 |
Writeoffs, net of recoveries | 3 | 4 | 7 | 8 |
Ending balance | 34 | 34 | 34 | 34 |
Other receivables | ||||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Beginning balance | 96 | 91 | 82 | 82 |
Current period provision for expected credit losses | 16 | 1 | 36 | 15 |
Writeoffs, net of recoveries | 4 | 5 | 10 | 10 |
Ending balance | 108 | 87 | 108 | 87 |
Other receivables | Commonwealth Edison Co | ||||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Beginning balance | 19 | 18 | 17 | 17 |
Current period provision for expected credit losses | 11 | 1 | 14 | 3 |
Writeoffs, net of recoveries | 1 | 1 | 2 | 2 |
Ending balance | 29 | 18 | 29 | 18 |
Other receivables | PECO Energy Co | ||||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Beginning balance | 13 | 11 | 8 | 9 |
Current period provision for expected credit losses | 9 | (2) | 15 | 1 |
Writeoffs, net of recoveries | 2 | 1 | 3 | 2 |
Ending balance | 20 | 8 | 20 | 8 |
Other receivables | Baltimore Gas and Electric Company | ||||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Beginning balance | 7 | 12 | 7 | 10 |
Current period provision for expected credit losses | (1) | (2) | 1 | 2 |
Writeoffs, net of recoveries | 1 | 2 | 3 | 4 |
Ending balance | 5 | 8 | 5 | 8 |
Other receivables | Pepco Holdings LLC | ||||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Beginning balance | 57 | 50 | 50 | 46 |
Current period provision for expected credit losses | (3) | 4 | 6 | 9 |
Writeoffs, net of recoveries | 0 | 1 | 2 | 2 |
Ending balance | 54 | 53 | 54 | 53 |
Other receivables | Potomac Electric Power Company | ||||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Beginning balance | 35 | 28 | 28 | 25 |
Current period provision for expected credit losses | (1) | 3 | 6 | 6 |
Writeoffs, net of recoveries | 0 | 0 | 0 | 0 |
Ending balance | 34 | 31 | 34 | 31 |
Other receivables | Delmarva Power and Light Company | ||||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Beginning balance | 8 | 8 | 8 | 7 |
Current period provision for expected credit losses | (1) | 1 | (1) | 2 |
Writeoffs, net of recoveries | 0 | 0 | 0 | 0 |
Ending balance | 7 | 9 | 7 | 9 |
Other receivables | Atlantic City Electric Company | ||||
Accounts Receivable, Allowance for Credit Loss [Roll Forward] | ||||
Beginning balance | 14 | 14 | 14 | 14 |
Current period provision for expected credit losses | (1) | 0 | 1 | 1 |
Writeoffs, net of recoveries | 0 | 1 | 2 | 2 |
Ending balance | $ 13 | $ 13 | $ 13 | $ 13 |
Accounts Receivable - Unbilled
Accounts Receivable - Unbilled Customer Revenue (Details) - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Unbilled customer revenue | $ 1,059 | $ 991 |
Commonwealth Edison Co | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Unbilled customer revenue | 425 | 351 |
PECO Energy Co | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Unbilled customer revenue | 204 | 185 |
Baltimore Gas and Electric Company | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Unbilled customer revenue | 179 | 208 |
Pepco Holdings LLC | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Unbilled customer revenue | 251 | 247 |
Potomac Electric Power Company | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Unbilled customer revenue | 110 | 109 |
Delmarva Power and Light Company | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Unbilled customer revenue | 50 | 64 |
Atlantic City Electric Company | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Unbilled customer revenue | $ 91 | $ 74 |
Accounts Receivable - Purchases
Accounts Receivable - Purchases and Sales of Accounts Receivable (Detail) - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2024 | Jun. 30, 2023 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Accounts Receivable, Purchase | $ 1,961 | $ 1,979 |
Commonwealth Edison Co | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Accounts Receivable, Purchase | 450 | 445 |
PECO Energy Co | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Accounts Receivable, Purchase | 527 | 546 |
Baltimore Gas and Electric Company | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Accounts Receivable, Purchase | 393 | 420 |
Pepco Holdings LLC | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Accounts Receivable, Purchase | 591 | 568 |
Potomac Electric Power Company | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Accounts Receivable, Purchase | 375 | 371 |
Delmarva Power and Light Company | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Accounts Receivable, Purchase | 115 | 107 |
Atlantic City Electric Company | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Accounts Receivable, Purchase | $ 101 | $ 90 |
Income Taxes - Narrative (Detai
Income Taxes - Narrative (Details) - USD ($) $ in Millions | Aug. 16, 2022 | Jun. 30, 2024 |
Income Tax Additional Narrative Information [Line Items] | ||
Notes payable, current | $ 137 | |
Notes payable, noncurrent | 193 | |
Tax credit carryforward, valuation allowance | 0 | |
Commonwealth Edison Co | ||
Income Tax Additional Narrative Information [Line Items] | ||
Tax credit carryforward, valuation allowance | 0 | |
PECO Energy Co | ||
Income Tax Additional Narrative Information [Line Items] | ||
Tax credit carryforward, valuation allowance | 0 | |
Baltimore Gas and Electric Company | ||
Income Tax Additional Narrative Information [Line Items] | ||
Tax credit carryforward, valuation allowance | 0 | |
Pepco Holdings LLC | ||
Income Tax Additional Narrative Information [Line Items] | ||
Tax credit carryforward, valuation allowance | 0 | |
Potomac Electric Power Company | ||
Income Tax Additional Narrative Information [Line Items] | ||
Tax credit carryforward, valuation allowance | 0 | |
Delmarva Power and Light Company | ||
Income Tax Additional Narrative Information [Line Items] | ||
Tax credit carryforward, valuation allowance | 0 | |
Atlantic City Electric Company | ||
Income Tax Additional Narrative Information [Line Items] | ||
Tax credit carryforward, valuation allowance | $ 0 | |
US Treasury (UST) Interest Rate | ||
Income Tax Additional Narrative Information [Line Items] | ||
Excess deferred tax amortization | 15% |
Income Taxes - Reconciliation t
Income Taxes - Reconciliation to Effective Tax Rate (Details) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate [Line Items] | ||||
U.S. Federal statutory rate | 21% | 21% | 21% | 21% |
State income taxes, net of federal income tax benefit | 5% | 6.50% | 5.80% | 6.20% |
Plant basis differences | (3.90%) | (4.80%) | (3.90%) | (4.30%) |
Excess deferred tax amortization | (13.20%) | (7.40%) | (14.10%) | (6.70%) |
Amortization of investment tax credit, including deferred taxes on basis difference | (0.10%) | (0.10%) | (0.10%) | (0.10%) |
Tax credits | (0.50%) | (0.50%) | (0.50%) | (0.50%) |
Other | 1% | 2.80% | 0.80% | 1.30% |
Effective income tax rate | 9.30% | 17.50% | 9% | 16.90% |
Commonwealth Edison Co | ||||
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate [Line Items] | ||||
U.S. Federal statutory rate | 21% | 21% | 21% | 21% |
State income taxes, net of federal income tax benefit | 7.80% | 7.80% | 7.80% | 7.80% |
Plant basis differences | (0.80%) | (0.60%) | (0.80%) | (0.40%) |
Excess deferred tax amortization | (17.40%) | (5.60%) | (18.00%) | (5.60%) |
Amortization of investment tax credit, including deferred taxes on basis difference | (0.10%) | (0.10%) | (0.10%) | (0.10%) |
Tax credits | (0.50%) | (0.30%) | (0.50%) | (0.30%) |
Other | 0.30% | 0% | 0.20% | 0.10% |
Effective income tax rate | 10.30% | 22.20% | 9.60% | 22.50% |
PECO Energy Co | ||||
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate [Line Items] | ||||
U.S. Federal statutory rate | 21% | 21% | 21% | 21% |
State income taxes, net of federal income tax benefit | (1.30%) | (1.20%) | (0.90%) | (1.30%) |
Plant basis differences | (13.00%) | (15.80%) | (12.50%) | (15.40%) |
Excess deferred tax amortization | (2.30%) | (2.40%) | (2.30%) | (2.40%) |
Amortization of investment tax credit, including deferred taxes on basis difference | 0% | 0% | 0% | 0% |
Tax credits | 0% | 0% | 0% | 0% |
Other | (1.20%) | 0.40% | (0.10%) | 0% |
Effective income tax rate | 3.20% | 2% | 5.20% | 1.90% |
Baltimore Gas and Electric Company | ||||
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate [Line Items] | ||||
U.S. Federal statutory rate | 21% | 21% | 21% | 21% |
State income taxes, net of federal income tax benefit | 6.40% | 6.80% | 6.30% | 6.40% |
Plant basis differences | (1.80%) | 0.10% | (1.30%) | (0.60%) |
Excess deferred tax amortization | (17.50%) | (5.30%) | (17.50%) | (5.40%) |
Amortization of investment tax credit, including deferred taxes on basis difference | 0% | (0.10%) | 0% | (0.10%) |
Tax credits | (0.50%) | (0.40%) | (0.40%) | (0.40%) |
Other | 0.70% | 0.10% | 0.20% | 0.30% |
Effective income tax rate | 8.30% | 22.20% | 8.30% | 21.20% |
Pepco Holdings LLC | ||||
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate [Line Items] | ||||
U.S. Federal statutory rate | 21% | 21% | 21% | 21% |
State income taxes, net of federal income tax benefit | 6.60% | 6.20% | 6.50% | 6.10% |
Plant basis differences | (0.90%) | (1.60%) | (0.90%) | (1.70%) |
Excess deferred tax amortization | (3.80%) | (8.00%) | (5.30%) | (7.40%) |
Amortization of investment tax credit, including deferred taxes on basis difference | (0.10%) | (0.10%) | (0.10%) | (0.10%) |
Tax credits | (0.40%) | (0.90%) | (0.40%) | (0.60%) |
Other | 0.10% | (0.30%) | 0.10% | 0% |
Effective income tax rate | 22.50% | 16.30% | 20.90% | 17.30% |
Potomac Electric Power Company | ||||
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate [Line Items] | ||||
U.S. Federal statutory rate | 21% | 21% | 21% | 21% |
State income taxes, net of federal income tax benefit | 6.10% | 5.60% | 6.10% | 5.50% |
Plant basis differences | (1.50%) | (2.60%) | (1.40%) | (2.60%) |
Excess deferred tax amortization | (4.80%) | (9.90%) | (6.80%) | (9.10%) |
Amortization of investment tax credit, including deferred taxes on basis difference | 0% | 0% | 0% | 0% |
Tax credits | (0.40%) | (1.10%) | (0.40%) | (0.80%) |
Other | 0.20% | 0.50% | 0.20% | 0.50% |
Effective income tax rate | 20.60% | 13.50% | 18.70% | 14.50% |
Delmarva Power and Light Company | ||||
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate [Line Items] | ||||
U.S. Federal statutory rate | 21% | 21% | 21% | 21% |
State income taxes, net of federal income tax benefit | 6.20% | 6.30% | 6.20% | 6.30% |
Plant basis differences | (0.90%) | (1.10%) | (1.00%) | (1.00%) |
Excess deferred tax amortization | (6.60%) | (9.90%) | (5.80%) | (9.20%) |
Amortization of investment tax credit, including deferred taxes on basis difference | (0.10%) | (0.10%) | (0.10%) | (0.10%) |
Tax credits | (0.30%) | (0.40%) | (0.30%) | (0.40%) |
Other | (0.30%) | 0.90% | (0.20%) | 0.10% |
Effective income tax rate | 19% | 16.70% | 19.80% | 16.70% |
Atlantic City Electric Company | ||||
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate [Line Items] | ||||
U.S. Federal statutory rate | 21% | 21% | 21% | 21% |
State income taxes, net of federal income tax benefit | 7.60% | 7.10% | 7.40% | 6.90% |
Plant basis differences | 0.20% | 0% | 0.10% | (0.60%) |
Excess deferred tax amortization | (1.60%) | (2.00%) | (1.50%) | (2.00%) |
Amortization of investment tax credit, including deferred taxes on basis difference | (0.10%) | (0.10%) | (0.10%) | (0.10%) |
Tax credits | (0.20%) | (0.30%) | (0.30%) | (0.30%) |
Other | 0.70% | (0.70%) | (0.10%) | 0.10% |
Effective income tax rate | 27.60% | 25% | 26.50% | 25% |
Income Taxes - Unrecognized Tax
Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Income Tax Contingency [Line Items] | ||
Unrecognized tax benefits | $ 95 | $ 94 |
Offsetting receivable | 3,840 | 3,232 |
Constellation Energy Corp | ||
Income Tax Contingency [Line Items] | ||
Unrecognized tax benefits | 31 | 31 |
Deferred Costs and Other Assets | ||
Income Tax Contingency [Line Items] | ||
Offsetting receivable | 31 | 31 |
Pepco Holdings LLC | ||
Income Tax Contingency [Line Items] | ||
Unrecognized tax benefits | 51 | 51 |
Atlantic City Electric Company | ||
Income Tax Contingency [Line Items] | ||
Unrecognized tax benefits | $ 15 | $ 15 |
Retirement Benefits - Narrative
Retirement Benefits - Narrative (Details) $ in Millions | 6 Months Ended |
Jun. 30, 2024 USD ($) | |
Defined Benefit Plan Disclosure [Line Items] | |
Increase (Decrease) in Obligation, Pension Benefits | $ 98 |
Increase (Decrease) in Obligation, Other Postretirement Benefits | 1 |
Accumulated Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), after Tax | 25 |
Defined Benefit Plan Amounts Recognized In Regulatory Assets Before Tax | 66 |
Defined Benefit Plan Amounts Recognized In Regulatory Liabilities Before Tax | $ 2 |
Pension Plan, Defined Benefit [Member] | |
Defined Benefit Plan Disclosure [Line Items] | |
Expected return on assets | 7% |
Discount rate | 5.19% |
Other Postretirement Benefit Plan, Defined Benefit [Member] | |
Defined Benefit Plan Disclosure [Line Items] | |
Expected return on assets | 6.50% |
Discount rate | 5.17% |
Retirement Benefits - Calculati
Retirement Benefits - Calculation of Net Periodic Benefit Cost (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Amortization of: | ||||
Non-service net periodic benefit cost | $ (11) | $ (1) | $ (17) | $ (2) |
Pension Plan, Defined Benefit [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | 40 | 38 | 82 | 77 |
Interest cost | 141 | 144 | 282 | 289 |
Expected return on assets | (184) | (188) | (368) | (377) |
Amortization of: | ||||
Prior service credit | 0 | 0 | 1 | 1 |
Actuarial loss (gain) | 54 | 43 | 107 | 84 |
Non-service net periodic benefit cost | 51 | 37 | 104 | 74 |
Other Postretirement Benefit Plan, Defined Benefit [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | 7 | 6 | 14 | 12 |
Interest cost | 24 | 26 | 48 | 51 |
Expected return on assets | (21) | (21) | (42) | (42) |
Amortization of: | ||||
Prior service credit | (2) | (3) | (4) | (5) |
Actuarial loss (gain) | 0 | (1) | 0 | (1) |
Non-service net periodic benefit cost | $ 8 | $ 7 | $ 16 | $ 15 |
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, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Costs | $ 120 | $ 89 | ||
Pension and other post retirement benefit [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Costs | $ 59 | $ 44 | 120 | 89 |
Commonwealth Edison Co | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Costs | 36 | 13 | ||
Commonwealth Edison Co | Pension and other post retirement benefit [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Costs | 19 | 7 | 36 | 13 |
PECO Energy Co | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Costs | 0 | (7) | ||
PECO Energy Co | Pension and other post retirement benefit [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Costs | 0 | (4) | 0 | (7) |
Baltimore Gas and Electric Company | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Costs | 31 | 28 | ||
Baltimore Gas and Electric Company | Pension and other post retirement benefit [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Costs | 16 | 14 | 31 | 28 |
Pepco Holdings LLC | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Costs | 46 | 49 | ||
Pepco Holdings LLC | Pension and other post retirement benefit [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Costs | 23 | 25 | 46 | 49 |
Potomac Electric Power Company | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Costs | 16 | 17 | ||
Potomac Electric Power Company | Pension and other post retirement benefit [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Costs | 7 | 9 | 16 | 17 |
Delmarva Power and Light Company | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Costs | 7 | 9 | ||
Delmarva Power and Light Company | Pension and other post retirement benefit [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Costs | 3 | 5 | 7 | 9 |
Atlantic City Electric Company | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Costs | 7 | 7 | ||
Atlantic City Electric Company | Pension and other post retirement benefit [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Pension and Other Postretirement Benefits Costs | $ 4 | $ 3 | $ 7 | $ 7 |
Retirement Benefits - Defined C
Retirement Benefits - Defined Contribution Savings Plans (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Defined Benefit Plan Disclosure [Line Items] | ||||
Savings Plan Employer Contributions | $ 29 | $ 26 | $ 51 | $ 47 |
Commonwealth Edison Co | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Savings Plan Employer Contributions | 10 | 10 | 20 | 19 |
PECO Energy Co | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Savings Plan Employer Contributions | 5 | 4 | 8 | 7 |
Baltimore Gas and Electric Company | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Savings Plan Employer Contributions | 3 | 3 | 6 | 5 |
Pepco Holdings LLC | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Savings Plan Employer Contributions | 6 | 5 | 8 | 8 |
Potomac Electric Power Company | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Savings Plan Employer Contributions | 1 | 1 | 2 | 2 |
Delmarva Power and Light Company | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Savings Plan Employer Contributions | 1 | 1 | 2 | 2 |
Atlantic City Electric Company | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Savings Plan Employer Contributions | $ 1 | $ 1 | $ 1 | $ 1 |
Derivative Financial Instrume_2
Derivative Financial Instruments - Narrative (Details) - USD ($) $ in Millions | 1 Months Ended | 3 Months Ended | ||
Feb. 29, 2024 | Jun. 30, 2024 | Mar. 31, 2024 | Dec. 31, 2023 | |
Derivative [Line Items] | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | $ (712) | $ (726) | ||
Corporate, Non-Segment | Notes Payable to Banks | ||||
Derivative [Line Items] | ||||
Derivative, Notional Amount | $ 1,700 | |||
Derivative, cash received on hedge | 30 | |||
PECO Energy Co | ||||
Derivative [Line Items] | ||||
Incremental collateral for loss of investment grade credit rating | 27 | |||
Baltimore Gas and Electric Company | ||||
Derivative [Line Items] | ||||
Incremental collateral for loss of investment grade credit rating | 43 | |||
Delmarva Power and Light Company | ||||
Derivative [Line Items] | ||||
Incremental collateral for loss of investment grade credit rating | 10 | |||
InterestRateSwapNotionalTerminated | Cash Flow Hedging | ||||
Derivative [Line Items] | ||||
Derivative, Notional Amount | 1,300 | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax | $ 33 | $ 23 | ||
InterestRateSwapNotional5YR | Cash Flow Hedging | ||||
Derivative [Line Items] | ||||
Derivative, Notional Amount | $ 397 | 655 | ||
Derivative, term of contract | 5 years | |||
InterestRateSwapNotional5YR | Cash Flow Hedging | Corporate, Non-Segment | ||||
Derivative [Line Items] | ||||
Derivative, Notional Amount | $ 252 | |||
InterestRateSwapNotional10YR | Cash Flow Hedging | ||||
Derivative [Line Items] | ||||
Derivative, Notional Amount | $ 398 | 655 | ||
Derivative, term of contract | 10 years | |||
InterestRateSwapNotional10YR | Cash Flow Hedging | Corporate, Non-Segment | ||||
Derivative [Line Items] | ||||
Derivative, Notional Amount | $ 253 | |||
Interest Rate Swap | Cash Flow Hedging | ||||
Derivative [Line Items] | ||||
Derivative, Notional Amount | 795 | 1,310 | ||
Interest Rate Swap | Cash Flow Hedging | Corporate, Non-Segment | ||||
Derivative [Line Items] | ||||
Derivative, Notional Amount | $ 505 | |||
Interest Rate Cap | Economic Hedges | ||||
Derivative [Line Items] | ||||
Derivative, Notional Amount | 1,000 | |||
Constant Maturity Treasury Interest Rate Swaps | Not Designated as Hedging Instrument, Economic Hedge [Member] | ||||
Derivative [Line Items] | ||||
Total mark-to-market derivative liabilities | (22) | |||
Constant Maturity Treasury Interest Rate Swaps | Not Designated as Hedging Instrument, Economic Hedge [Member] | 2023 | ||||
Derivative [Line Items] | ||||
Derivative, Notional Amount | $ 4,875 |
Derivative Financial Instrume_3
Derivative Financial Instruments - Schedule of Derivative Instruments (Details) - MWh MWh in Millions | 1 Months Ended | 3 Months Ended |
Jun. 30, 2012 | Jun. 30, 2024 | |
Commonwealth Edison Co | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Long-term Purchase Commitment, Minimum Energy Volume Required | 1.3 | |
PECO Energy Co | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Estimated Percent of Gas Purchases Being Hedged | 10% | |
Delmarva Power and Light Company | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Estimated Percent of Gas Purchases Being Hedged | 50% |
Derivative Financial Instrume_4
Derivative Financial Instruments - Summary of Interest Rate Hedge Balances (Details) - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Mark-to-market derivative liabilities (noncurrent liabilities) | $ 121 | $ 106 |
Mark-to-market derivative liabilities (current liabilities) | 23 | 74 |
Interest Rate Contract | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Other deferred debits (noncurrent assets) | 4 | |
Other current assets | 12 | |
Total derivative assets | 4 | 12 |
Mark-to-market derivative liabilities (noncurrent liabilities) | 5 | |
Mark-to-market derivative liabilities (current liabilities) | 46 | |
Total mark-to-market derivative liabilities | (5) | (46) |
Total mark-to-market derivative net liabilities | (1) | (34) |
Interest Rate Contract | Derivatives Designated as Hedging Instruments | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Other deferred debits (noncurrent assets) | 4 | |
Other current assets | 11 | |
Total derivative assets | 4 | 11 |
Mark-to-market derivative liabilities (noncurrent liabilities) | 5 | |
Mark-to-market derivative liabilities (current liabilities) | 24 | |
Total mark-to-market derivative liabilities | (5) | (24) |
Total mark-to-market derivative net liabilities | (1) | (13) |
Interest Rate Contract | Economic Hedges | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Other deferred debits (noncurrent assets) | 0 | |
Other current assets | 1 | |
Total derivative assets | 0 | 1 |
Mark-to-market derivative liabilities (noncurrent liabilities) | 0 | |
Mark-to-market derivative liabilities (current liabilities) | 22 | |
Total mark-to-market derivative liabilities | 0 | (22) |
Total mark-to-market derivative net liabilities | $ 0 | $ (21) |
Derivative Financial Instrume_5
Derivative Financial Instruments - Summary of Notional Amounts of Outstanding Derivative Positions (Details) - Cash Flow Hedging - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
InterestRateSwapNotional5YR | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Derivative, Notional Amount | $ 397 | $ 655 |
InterestRateSwapNotional10YR | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Derivative, Notional Amount | 398 | 655 |
Interest Rate Swap | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Derivative, Notional Amount | $ 795 | $ 1,310 |
Derivative Financial Instrume_6
Derivative Financial Instruments - Summary of Economic Hedges (Details) - USD ($) $ in Millions | 6 Months Ended | |
Jun. 30, 2024 | Jun. 30, 2023 | |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Unrealized Gain (Loss) on Derivatives | $ 0 | $ (4) |
Interest Rate Cap | Not Designated as Hedging Instrument, Economic Hedge [Member] | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Unrealized Gain (Loss) on Derivatives | 0 | (4) |
Interest Rate Cap | Not Designated as Hedging Instrument, Economic Hedge [Member] | Electric Operating Revenues | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Unrealized Gain (Loss) on Derivatives | 0 | (6) |
Interest Rate Cap | Not Designated as Hedging Instrument, Economic Hedge [Member] | Interest Expense | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Unrealized Gain (Loss) on Derivatives | $ 0 | $ 2 |
Derivative Financial Instrume_7
Derivative Financial Instruments - Summary of Counterparty Collateral (Details) - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Other | $ 569 | $ 557 |
External Counterparties | Commodity Contract [Member] | Collateral [Member] | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Other | 161 | 148 |
External Counterparties | Commodity Contract [Member] | Collateral [Member] | Commonwealth Edison Co | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Other | 158 | 146 |
External Counterparties | Commodity Contract [Member] | Collateral [Member] | PECO Energy Co | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Other | 0 | 0 |
External Counterparties | Commodity Contract [Member] | Collateral [Member] | Baltimore Gas and Electric Company | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Other | 1 | 1 |
External Counterparties | Commodity Contract [Member] | Collateral [Member] | Pepco Holdings LLC | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Other | 3 | 1 |
External Counterparties | Commodity Contract [Member] | Collateral [Member] | Potomac Electric Power Company | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Other | 1 | 1 |
External Counterparties | Commodity Contract [Member] | Collateral [Member] | Delmarva Power and Light Company | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Other | 0 | 0 |
External Counterparties | Commodity Contract [Member] | Collateral [Member] | Atlantic City Electric Company | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Other | $ 2 | $ 0 |
Debt and Credit Agreements (A_3
Debt and Credit Agreements (All Registrants) - Narrative (Details) - USD ($) | 6 Months Ended | |||
May 09, 2023 | Jun. 30, 2024 | Mar. 14, 2024 | Mar. 23, 2017 | |
Corporate, Non-Segment | ShortTermDebt03232017 | ||||
Short-term Debt [Line Items] | ||||
Short-term bank loans and notes payable | $ 500,000,000 | |||
Corporate, Non-Segment | ShortTermDebtAmend2 Mar142024 | ||||
Short-term Debt [Line Items] | ||||
Short-term bank loans and notes payable | $ 350,000,000 | |||
Debt instrument, interest rate terms | 1.05% | |||
Corporate, Non-Segment | ShortTermDebtAmend7 Mar142024 | ||||
Short-term Debt [Line Items] | ||||
Short-term bank loans and notes payable | $ 150,000,000 | |||
Debt instrument, interest rate terms | 1.05% | |||
Commonwealth Edison Co | ShortTermDebtSOFRplus100May72024 | ||||
Short-term Debt [Line Items] | ||||
Short-term bank loans and notes payable | $ 400,000,000 | |||
Debt instrument, interest rate terms | 1% | |||
Revolving Credit Facility | Corporate, Non-Segment | ||||
Short-term Debt [Line Items] | ||||
Line of credit facility, maximum amount outstanding during period | $ 0 | |||
Line of credit facility, maximum borrowing capacity | 900,000,000 | |||
Revolving Credit Facility | Commonwealth Edison Co | ||||
Short-term Debt [Line Items] | ||||
Line of credit facility, maximum amount outstanding during period | 0 | |||
Line of credit facility, maximum borrowing capacity | 1,000,000,000 | |||
Revolving Credit Facility | PECO Energy Co | ||||
Short-term Debt [Line Items] | ||||
Line of credit facility, maximum amount outstanding during period | 0 | |||
Line of credit facility, maximum borrowing capacity | 600,000,000 | |||
Revolving Credit Facility | Baltimore Gas and Electric Company | ||||
Short-term Debt [Line Items] | ||||
Line of credit facility, maximum amount outstanding during period | 0 | |||
Line of credit facility, maximum borrowing capacity | 600,000,000 | |||
Revolving Credit Facility | Potomac Electric Power Company | ||||
Short-term Debt [Line Items] | ||||
Line of credit facility, maximum amount outstanding during period | 0 | |||
Line of credit facility, maximum borrowing capacity | 300,000,000 | |||
Revolving Credit Facility | Delmarva Power and Light Company | ||||
Short-term Debt [Line Items] | ||||
Line of credit facility, maximum amount outstanding during period | 0 | |||
Line of credit facility, maximum borrowing capacity | 300,000,000 | |||
Revolving Credit Facility | Atlantic City Electric Company | ||||
Short-term Debt [Line Items] | ||||
Line of credit facility, maximum amount outstanding during period | 0 | |||
Line of credit facility, maximum borrowing capacity | 300,000,000 | |||
Letter of Credit | Commonwealth Edison Co | ||||
Short-term Debt [Line Items] | ||||
Line of credit facility, maximum borrowing capacity | 40,000,000 | |||
Letter of Credit | PECO Energy Co | ||||
Short-term Debt [Line Items] | ||||
Line of credit facility, maximum borrowing capacity | 40,000,000 | |||
Letter of Credit | Baltimore Gas and Electric Company | ||||
Short-term Debt [Line Items] | ||||
Line of credit facility, maximum borrowing capacity | 15,000,000 | |||
Letter of Credit | Potomac Electric Power Company | ||||
Short-term Debt [Line Items] | ||||
Line of credit facility, maximum borrowing capacity | 15,000,000 | |||
Letter of Credit | Delmarva Power and Light Company | ||||
Short-term Debt [Line Items] | ||||
Line of credit facility, maximum borrowing capacity | 15,000,000 | |||
Letter of Credit | Atlantic City Electric Company | ||||
Short-term Debt [Line Items] | ||||
Line of credit facility, maximum borrowing capacity | $ 15,000,000 |
Debt and Credit Agreements (A_4
Debt and Credit Agreements (All Registrants) - Commercial Paper Borrowings (Details) - Commercial Paper - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Short-term Debt [Line Items] | ||
Commercial paper | $ 954 | $ 1,624 |
Short-term debt, weighted average interest rate, at point in time | 5.51% | 5.58% |
Corporate | ||
Short-term Debt [Line Items] | ||
Commercial paper | $ 616 | $ 527 |
Commonwealth Edison Co | ||
Short-term Debt [Line Items] | ||
Commercial paper | $ 78 | $ 202 |
Short-term debt, weighted average interest rate, at point in time | 5.41% | 5.53% |
PECO Energy Co | ||
Short-term Debt [Line Items] | ||
Commercial paper | $ 260 | $ 165 |
Short-term debt, weighted average interest rate, at point in time | 5.43% | 5.57% |
Baltimore Gas and Electric Company | ||
Short-term Debt [Line Items] | ||
Commercial paper | $ 0 | $ 336 |
Short-term debt, weighted average interest rate, at point in time | 0% | 5.59% |
Pepco Holdings LLC | ||
Short-term Debt [Line Items] | ||
Commercial paper | $ 0 | $ 394 |
Short-term debt, weighted average interest rate, at point in time | 0% | 5.60% |
Potomac Electric Power Company | ||
Short-term Debt [Line Items] | ||
Commercial paper | $ 0 | $ 132 |
Short-term debt, weighted average interest rate, at point in time | 0% | 5.59% |
Delmarva Power and Light Company | ||
Short-term Debt [Line Items] | ||
Commercial paper | $ 0 | $ 63 |
Short-term debt, weighted average interest rate, at point in time | 0% | 5.60% |
Atlantic City Electric Company | ||
Short-term Debt [Line Items] | ||
Commercial paper | $ 0 | $ 199 |
Short-term debt, weighted average interest rate, at point in time | 0% | 5.60% |
Debt and Credit Agreements (A_5
Debt and Credit Agreements (All Registrants) - Summary of Revolving Credit Agreements (Details) $ in Millions | 6 Months Ended |
Jun. 30, 2024 USD ($) | |
Commonwealth Edison Co | |
Line of Credit Facility [Line Items] | |
Debt instrument, term | 5 years |
PECO Energy Co | |
Line of Credit Facility [Line Items] | |
Debt instrument, term | 5 years |
Baltimore Gas and Electric Company | |
Line of Credit Facility [Line Items] | |
Debt instrument, term | 5 years |
Potomac Electric Power Company | |
Line of Credit Facility [Line Items] | |
Debt instrument, term | 5 years |
Delmarva Power and Light Company | |
Line of Credit Facility [Line Items] | |
Debt instrument, term | 5 years |
Atlantic City Electric Company | |
Line of Credit Facility [Line Items] | |
Debt instrument, term | 5 years |
Revolving Credit Facility | Commonwealth Edison Co | |
Line of Credit Facility [Line Items] | |
Line of credit facility, maximum borrowing capacity | $ 1,000 |
Line of credit facility, interest rate at period end | 1% |
Revolving Credit Facility | PECO Energy Co | |
Line of Credit Facility [Line Items] | |
Line of credit facility, maximum borrowing capacity | $ 600 |
Line of credit facility, interest rate at period end | 0.90% |
Revolving Credit Facility | Baltimore Gas and Electric Company | |
Line of Credit Facility [Line Items] | |
Line of credit facility, maximum borrowing capacity | $ 600 |
Line of credit facility, interest rate at period end | 0.90% |
Revolving Credit Facility | Potomac Electric Power Company | |
Line of Credit Facility [Line Items] | |
Line of credit facility, maximum borrowing capacity | $ 300 |
Line of credit facility, interest rate at period end | 1.075% |
Revolving Credit Facility | Delmarva Power and Light Company | |
Line of Credit Facility [Line Items] | |
Line of credit facility, maximum borrowing capacity | $ 300 |
Line of credit facility, interest rate at period end | 1% |
Revolving Credit Facility | Atlantic City Electric Company | |
Line of Credit Facility [Line Items] | |
Line of credit facility, maximum borrowing capacity | $ 300 |
Line of credit facility, interest rate at period end | 1% |
Corporate, Non-Segment | Revolving Credit Facility | |
Line of Credit Facility [Line Items] | |
Debt instrument, term | 5 years |
Line of credit facility, maximum borrowing capacity | $ 900 |
Line of credit facility, interest rate at period end | 1.275% |
Debt and Credit Agreements (A_6
Debt and Credit Agreements (All Registrants) - Issuance of Long-Term Debt (Details) - USD ($) $ in Millions | Jun. 30, 2024 | Mar. 20, 2024 |
Corporate | Notes515DueMar2029 | Notes Payable to Banks | ||
Debt Instrument [Line Items] | ||
Interest Rate | 5.15% | |
Amount | $ 650 | |
Corporate | Notes545DueMar2034 | Notes Payable to Banks | ||
Debt Instrument [Line Items] | ||
Interest Rate | 5.45% | |
Amount | $ 650 | |
Corporate | Note560DueMar2053 | Notes Payable to Banks | ||
Debt Instrument [Line Items] | ||
Interest Rate | 5.60% | |
Amount | $ 400 | |
Commonwealth Edison Co | Notes530DueJune2034 | First Mortgage Bonds | ||
Debt Instrument [Line Items] | ||
Interest Rate | 5.30% | |
Amount | $ 400 | |
Commonwealth Edison Co | Notes565DueJune2054 | First Mortgage Bonds | ||
Debt Instrument [Line Items] | ||
Interest Rate | 5.65% | |
Amount | $ 400 | |
Baltimore Gas and Electric Company | Notes530DueJune2034 | Notes Payable to Banks | ||
Debt Instrument [Line Items] | ||
Interest Rate | 5.30% | |
Amount | $ 400 | |
Baltimore Gas and Electric Company | Notes565DueJune2054 | Notes Payable to Banks | ||
Debt Instrument [Line Items] | ||
Interest Rate | 5.65% | |
Amount | $ 400 | |
Potomac Electric Power Company | Note520DueMar2034 | First Mortgage Bonds | ||
Debt Instrument [Line Items] | ||
Interest Rate | 5.20% | |
Amount | $ 375 | |
Potomac Electric Power Company | Notes550DueMar2054 | First Mortgage Bonds | ||
Debt Instrument [Line Items] | ||
Interest Rate | 5.50% | |
Amount | $ 300 | |
Delmarva Power and Light Company | Notes524DueMar2034 | First Mortgage Bonds | ||
Debt Instrument [Line Items] | ||
Interest Rate | 5.24% | |
Amount | $ 100 | |
Delmarva Power and Light Company | Notes555DueMar2054 | First Mortgage Bonds | ||
Debt Instrument [Line Items] | ||
Interest Rate | 5.55% | |
Amount | $ 75 | |
Atlantic City Electric Company | Notes555DueMar2054 | First Mortgage Bonds | ||
Debt Instrument [Line Items] | ||
Interest Rate | 5.55% | |
Amount | $ 75 | |
Atlantic City Electric Company | Notes529DueAug2034 | First Mortgage Bonds | ||
Debt Instrument [Line Items] | ||
Interest Rate | 5.29% | |
Amount | $ 75 | |
Atlantic City Electric Company | Notes549DueAug2039 | First Mortgage Bonds | ||
Debt Instrument [Line Items] | ||
Interest Rate | 5.49% | |
Amount | $ 100 |
Fair Value of Financial Asset_3
Fair Value of Financial Assets and Liabilities - Fair Value of Financial Liabilities Recorded at Amortized Cost (Details) - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Reported Value Measurement [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | $ 44,347 | $ 41,095 |
Reported Value Measurement [Member] | Related Party | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt to financing trusts | 390 | 390 |
Estimate of Fair Value Measurement [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 38,939 | 37,246 |
Estimate of Fair Value Measurement [Member] | Related Party | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt to financing trusts | 390 | 390 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 0 | 0 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Related Party | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt to financing trusts | 0 | 0 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 35,380 | 33,804 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Related Party | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt to financing trusts | 0 | 0 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 3,559 | 3,442 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Related Party | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt to financing trusts | 390 | 390 |
Long-term debt to financing trusts | 390 | 390 |
Related Party | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt to financing trusts | 390 | 390 |
Commonwealth Edison Co | Reported Value Measurement [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 12,276 | 11,486 |
Commonwealth Edison Co | Reported Value Measurement [Member] | Related Party | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt to financing trusts | 206 | 205 |
Commonwealth Edison Co | Estimate of Fair Value Measurement [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 10,530 | 10,210 |
Commonwealth Edison Co | Estimate of Fair Value Measurement [Member] | Related Party | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt to financing trusts | 203 | 208 |
Commonwealth Edison Co | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 0 | 0 |
Commonwealth Edison Co | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Related Party | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt to financing trusts | 0 | 0 |
Commonwealth Edison Co | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 10,530 | 10,210 |
Commonwealth Edison Co | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Related Party | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt to financing trusts | 0 | 0 |
Commonwealth Edison Co | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 0 | 0 |
Commonwealth Edison Co | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Related Party | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt to financing trusts | 203 | 208 |
Commonwealth Edison Co | Related Party | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt to financing trusts | 206 | 205 |
PECO Energy Co | Reported Value Measurement [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 5,135 | 5,134 |
PECO Energy Co | Reported Value Measurement [Member] | Related Party | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt to financing trusts | 184 | 184 |
PECO Energy Co | Estimate of Fair Value Measurement [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 4,289 | 4,562 |
PECO Energy Co | Estimate of Fair Value Measurement [Member] | Related Party | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt to financing trusts | 187 | 182 |
PECO Energy Co | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 0 | 0 |
PECO Energy Co | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Related Party | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt to financing trusts | 0 | 0 |
PECO Energy Co | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 4,289 | 4,562 |
PECO Energy Co | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Related Party | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt to financing trusts | 0 | 0 |
PECO Energy Co | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 0 | 0 |
PECO Energy Co | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Related Party | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt to financing trusts | 187 | 182 |
PECO Energy Co | Related Party | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt to financing trusts | 184 | 184 |
Baltimore Gas and Electric Company | Reported Value Measurement [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 5,394 | 4,602 |
Baltimore Gas and Electric Company | Estimate of Fair Value Measurement [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 4,693 | 4,145 |
Baltimore Gas and Electric Company | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 0 | 0 |
Baltimore Gas and Electric Company | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 4,693 | 4,145 |
Baltimore Gas and Electric Company | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 0 | 0 |
Pepco Holdings LLC | Reported Value Measurement [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 9,148 | 8,648 |
Pepco Holdings LLC | Estimate of Fair Value Measurement [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 7,847 | 7,602 |
Pepco Holdings LLC | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 0 | 0 |
Pepco Holdings LLC | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 4,288 | 4,160 |
Pepco Holdings LLC | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 3,559 | 3,442 |
Potomac Electric Power Company | Reported Value Measurement [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 4,362 | 4,096 |
Potomac Electric Power Company | Estimate of Fair Value Measurement [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 4,034 | 3,911 |
Potomac Electric Power Company | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 0 | 0 |
Potomac Electric Power Company | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 2,489 | 2,311 |
Potomac Electric Power Company | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 1,545 | 1,600 |
Delmarva Power and Light Company | Reported Value Measurement [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 2,254 | 2,080 |
Delmarva Power and Light Company | Estimate of Fair Value Measurement [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 1,918 | 1,828 |
Delmarva Power and Light Company | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 0 | 0 |
Delmarva Power and Light Company | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 661 | 694 |
Delmarva Power and Light Company | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 1,257 | 1,134 |
Atlantic City Electric Company | Reported Value Measurement [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 1,909 | 1,833 |
Atlantic City Electric Company | Estimate of Fair Value Measurement [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 1,686 | 1,647 |
Atlantic City Electric Company | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 0 | 0 |
Atlantic City Electric Company | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | 929 | 939 |
Atlantic City Electric Company | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Long-term debt (including amounts due within one year) | $ 757 | $ 708 |
Fair Value of Financial Asset_4
Fair Value of Financial Assets and Liabilities - Fair Value Measurements of Assets and Liabilities, Recurring and Nonrecurring (Details) - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Mark-to-market derivative liabilities (current liabilities) | $ 23 | $ 74 |
Mark-to-market derivative liabilities (noncurrent liabilities) | 121 | 106 |
Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 1,226 | 618 |
Assets, Fair Value Disclosure | 1,476 | 861 |
Deferred Compensation Liability, Current and Noncurrent | (69) | (75) |
Total liabilities | 213 | 254 |
Fair Value, Net Asset (Liability) | 1,263 | 607 |
Fair Value, Recurring [Member] | Mark-to-Market Derivative Liabilities | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | (139) | (133) |
Fair Value, Recurring [Member] | Derivatives Designated as Hedging Instruments Liabilities | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | (5) | (24) |
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 | (22) |
Fair Value, Recurring [Member] | Interest Rate Derivative Liabilities | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | (5) | (46) |
Fair Value, Recurring [Member] | Cash and Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 151 | 334 |
Fair Value, Recurring [Member] | Restricted cash member [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 158 | 149 |
Fair Value, Recurring [Member] | Other Assets [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 71 | 174 |
Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 246 | 231 |
Fair Value, Recurring [Member] | Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 90 | 67 |
Fair Value, Recurring [Member] | Mutual Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 59 | 53 |
Fair Value, Recurring [Member] | Fixed Income Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 7 | 7 |
Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 90 | 104 |
Fair Value, Recurring [Member] | Derivatives Designated as Hedging Instruments | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total derivative assets | 4 | 11 |
Fair Value, Recurring [Member] | Economic Hedges | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total derivative assets | 0 | 1 |
Fair Value, Recurring [Member] | Interest Rate Derivative Assets | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total derivative assets | 4 | 12 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 1,226 | 618 |
Assets, Fair Value Disclosure | 1,375 | 738 |
Deferred Compensation Liability, Current and Noncurrent | 0 | 0 |
Total liabilities | 0 | 0 |
Fair Value, Net Asset (Liability) | 1,375 | 738 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Mark-to-Market Derivative Liabilities | ||
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] | Derivatives Designated as Hedging Instruments Liabilities | ||
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] | 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, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Interest Rate Derivative Liabilities | ||
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] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 149 | 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 | 90 | 67 |
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 | 59 | 53 |
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] | Derivatives Designated as Hedging Instruments | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total derivative assets | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Economic Hedges | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total derivative assets | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Interest Rate Derivative Assets | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total derivative assets | 0 | 0 |
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 | 78 | 80 |
Deferred Compensation Liability, Current and Noncurrent | (69) | (75) |
Total liabilities | 74 | 121 |
Fair Value, Net Asset (Liability) | 4 | (41) |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Mark-to-Market Derivative Liabilities | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Derivatives Designated as Hedging Instruments Liabilities | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | (5) | (24) |
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 | 0 | (22) |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Interest Rate Derivative Liabilities | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | (5) | (46) |
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 | 74 | 68 |
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 | 7 | 7 |
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 | 67 | 61 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Derivatives Designated as Hedging Instruments | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total derivative assets | 4 | 11 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Economic Hedges | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total derivative assets | 0 | 1 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Interest Rate Derivative Assets | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total derivative assets | 4 | 12 |
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 | 23 | 43 |
Deferred Compensation Liability, Current and Noncurrent | 0 | 0 |
Total liabilities | 139 | 133 |
Fair Value, Net Asset (Liability) | (116) | (90) |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Mark-to-Market Derivative Liabilities | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | (139) | (133) |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Derivatives Designated as Hedging Instruments Liabilities | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | 0 | 0 |
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 | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Interest Rate Derivative Liabilities | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total mark-to-market derivative liabilities | 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 | 23 | 43 |
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 | 23 | 43 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Derivatives Designated as Hedging Instruments | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total derivative assets | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Economic Hedges | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total derivative assets | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Interest Rate Derivative Assets | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Total derivative assets | 0 | 0 |
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] | ||
Assets, Fair Value Disclosure | 0 | 0 |
Total liabilities | 0 | 0 |
Commonwealth Edison Co | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Mark-to-market derivative liabilities (current liabilities) | 23 | 27 |
Mark-to-market derivative liabilities (noncurrent liabilities) | 116 | 106 |
Commonwealth Edison Co | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 634 | 453 |
Assets, Fair Value Disclosure | 634 | 453 |
Total mark-to-market derivative liabilities | (139) | (133) |
Deferred Compensation Liability, Current and Noncurrent | (8) | (8) |
Total liabilities | 147 | 141 |
Fair Value, Net Asset (Liability) | 487 | 312 |
Mark-to-market derivative liabilities (current liabilities) | 23 | 27 |
Mark-to-market derivative liabilities (noncurrent liabilities) | 116 | 106 |
Commonwealth Edison Co | Fair Value, Recurring [Member] | Cash and Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 51 | 86 |
Commonwealth Edison Co | Fair Value, Recurring [Member] | Restricted cash member [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 158 | 147 |
Commonwealth Edison Co | Fair Value, Recurring [Member] | Other Assets [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 71 | 174 |
Commonwealth Edison Co | 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 | 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 | 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 | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 634 | 453 |
Assets, Fair Value Disclosure | 634 | 453 |
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) | 634 | 453 |
Commonwealth Edison Co | 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 | 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 | 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 | 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 | (8) | (8) |
Total liabilities | 8 | 8 |
Fair Value, Net Asset (Liability) | (8) | (8) |
Commonwealth Edison Co | 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 | 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 | 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 | 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 | (139) | (133) |
Deferred Compensation Liability, Current and Noncurrent | 0 | 0 |
Total liabilities | 139 | 133 |
Fair Value, Net Asset (Liability) | (139) | (133) |
Commonwealth Edison Co | 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 | 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 | 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 |
Commonwealth Edison Co | 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] | ||
Assets, Fair Value Disclosure | 0 | 0 |
Total liabilities | 0 | 0 |
PECO Energy Co | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 11 | 9 |
Assets, Fair Value Disclosure | 40 | 36 |
Total mark-to-market derivative liabilities | 0 | 0 |
Deferred Compensation Liability, Current and Noncurrent | (7) | (8) |
Total liabilities | 7 | 8 |
Fair Value, Net Asset (Liability) | 33 | 28 |
PECO Energy Co | Fair Value, Recurring [Member] | Cash and Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 17 | 42 |
PECO Energy Co | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 29 | 27 |
PECO Energy Co | Fair Value, Recurring [Member] | Mutual Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 10 | 9 |
PECO Energy Co | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 19 | 18 |
PECO Energy Co | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 11 | 9 |
Assets, Fair Value Disclosure | 21 | 18 |
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) | 21 | 18 |
PECO Energy Co | 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 | 10 | 9 |
PECO Energy Co | 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 | 10 | 9 |
PECO Energy Co | 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 | 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 | 19 | 18 |
Total mark-to-market derivative liabilities | 0 | 0 |
Deferred Compensation Liability, Current and Noncurrent | (7) | (8) |
Total liabilities | 7 | 8 |
Fair Value, Net Asset (Liability) | 12 | 10 |
PECO Energy Co | 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 | 19 | 18 |
PECO Energy Co | 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 | 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 | 19 | 18 |
PECO Energy Co | 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 | 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 | 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 | 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 | 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] | ||
Assets, Fair Value Disclosure | 0 | 0 |
Total liabilities | 0 | 0 |
Baltimore Gas and Electric Company | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 418 | 0 |
Assets, Fair Value Disclosure | 427 | 9 |
Total mark-to-market derivative liabilities | 0 | 0 |
Deferred Compensation Liability, Current and Noncurrent | (4) | (4) |
Total liabilities | 4 | 4 |
Fair Value, Net Asset (Liability) | 423 | 5 |
Baltimore Gas and Electric Company | Fair Value, Recurring [Member] | Cash and Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 10 | 47 |
Baltimore Gas and Electric Company | Fair Value, Recurring [Member] | Restricted cash member [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 0 | 1 |
Baltimore Gas and Electric Company | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 9 | 9 |
Baltimore Gas and Electric Company | Fair Value, Recurring [Member] | Mutual Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 9 | 9 |
Baltimore Gas and Electric Company | 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 | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 418 | 0 |
Assets, Fair Value Disclosure | 427 | 9 |
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) | 427 | 9 |
Baltimore Gas and Electric Company | 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 | 9 | 9 |
Baltimore Gas and Electric Company | 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 | 9 | 9 |
Baltimore Gas and Electric Company | 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 | 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 | (4) | (4) |
Total liabilities | 4 | 4 |
Fair Value, Net Asset (Liability) | (4) | (4) |
Baltimore Gas and Electric Company | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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] | ||
Assets, Fair Value Disclosure | 0 | 0 |
Total liabilities | 0 | 0 |
Pepco Holdings LLC | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 97 | 107 |
Assets, Fair Value Disclosure | 245 | 249 |
Deferred Compensation Liability, Current and Noncurrent | (11) | (13) |
Total liabilities | 11 | 13 |
Fair Value, Net Asset (Liability) | 234 | 236 |
Pepco Holdings LLC | Fair Value, Recurring [Member] | Cash and Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 44 | 96 |
Pepco Holdings LLC | Fair Value, Recurring [Member] | Restricted cash member [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 0 | 1 |
Pepco Holdings LLC | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 148 | 142 |
Pepco Holdings LLC | Fair Value, Recurring [Member] | Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 87 | 64 |
Pepco Holdings LLC | Fair Value, Recurring [Member] | Mutual Funds [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 10 | 9 |
Pepco Holdings LLC | Fair Value, Recurring [Member] | Fixed Income Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 7 | 7 |
Pepco Holdings LLC | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 44 | 62 |
Pepco Holdings LLC | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 97 | 107 |
Assets, Fair Value Disclosure | 194 | 180 |
Deferred Compensation Liability, Current and Noncurrent | 0 | 0 |
Total liabilities | 0 | 0 |
Fair Value, Net Asset (Liability) | 194 | 180 |
Pepco Holdings LLC | 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 | 97 | 73 |
Pepco Holdings LLC | 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 | 87 | 64 |
Pepco Holdings LLC | 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 | 10 | 9 |
Pepco Holdings LLC | 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 | 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 | 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 | 29 | 28 |
Deferred Compensation Liability, Current and Noncurrent | (11) | (13) |
Total liabilities | 11 | 13 |
Fair Value, Net Asset (Liability) | 18 | 15 |
Pepco Holdings LLC | 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 | 29 | 28 |
Pepco Holdings LLC | 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 | 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 | 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 | 7 | 7 |
Pepco Holdings LLC | 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 | 22 | 21 |
Pepco Holdings LLC | 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 | 22 | 41 |
Deferred Compensation Liability, Current and Noncurrent | 0 | 0 |
Total liabilities | 0 | 0 |
Fair Value, Net Asset (Liability) | 22 | 41 |
Pepco Holdings LLC | 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 | 22 | 41 |
Pepco Holdings LLC | 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 | 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 | 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 | 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 | 22 | 41 |
Pepco Holdings LLC | 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] | ||
Assets, Fair Value Disclosure | 0 | 0 |
Total liabilities | 0 | 0 |
Potomac Electric Power Company | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 21 | 23 |
Assets, Fair Value Disclosure | 152 | 148 |
Deferred Compensation Liability, Current and Noncurrent | (1) | (1) |
Total liabilities | 1 | 1 |
Fair Value, Net Asset (Liability) | 151 | 147 |
Potomac Electric Power Company | Fair Value, Recurring [Member] | Cash and Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 19 | 48 |
Potomac Electric Power Company | Fair Value, Recurring [Member] | Restricted cash member [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 0 | 1 |
Potomac Electric Power Company | Fair Value, Recurring [Member] | Rabbi Trust Investments [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 131 | 125 |
Potomac Electric Power Company | Fair Value, Recurring [Member] | Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 87 | 63 |
Potomac Electric Power Company | Fair Value, Recurring [Member] | 6311 Life Insurance [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Investments, Fair Value Disclosure | 44 | 62 |
Potomac Electric Power Company | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 21 | 23 |
Assets, Fair Value Disclosure | 108 | 86 |
Deferred Compensation Liability, Current and Noncurrent | 0 | 0 |
Total liabilities | 0 | 0 |
Fair Value, Net Asset (Liability) | 108 | 86 |
Potomac Electric Power Company | 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 | 87 | 63 |
Potomac Electric Power Company | 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 | 87 | 63 |
Potomac Electric Power Company | 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 | 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 | 22 | 21 |
Deferred Compensation Liability, Current and Noncurrent | (1) | (1) |
Total liabilities | 1 | 1 |
Fair Value, Net Asset (Liability) | 21 | 20 |
Potomac Electric Power Company | 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 | 22 | 21 |
Potomac Electric Power Company | 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 | 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 | 22 | 21 |
Potomac Electric Power Company | 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 | 22 | 41 |
Deferred Compensation Liability, Current and Noncurrent | 0 | 0 |
Total liabilities | 0 | 0 |
Fair Value, Net Asset (Liability) | 22 | 41 |
Potomac Electric Power Company | 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 | 22 | 41 |
Potomac Electric Power Company | 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 | 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 | 22 | 41 |
Potomac Electric Power Company | 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] | ||
Assets, Fair Value Disclosure | 0 | 0 |
Total liabilities | 0 | 0 |
Delmarva Power and Light Company | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 45 | 1 |
Assets, Fair Value Disclosure | 45 | 1 |
Deferred Compensation Liability, Current and Noncurrent | 0 | 0 |
Total liabilities | 0 | 0 |
Fair Value, Net Asset (Liability) | 45 | 1 |
Delmarva Power and Light Company | Fair Value, Recurring [Member] | Cash and Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 6 | 15 |
Delmarva Power and Light Company | 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 | 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 | 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 | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 45 | 1 |
Assets, Fair Value Disclosure | 45 | 1 |
Deferred Compensation Liability, Current and Noncurrent | 0 | 0 |
Total liabilities | 0 | 0 |
Fair Value, Net Asset (Liability) | 45 | 1 |
Delmarva Power and Light Company | 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 | 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 | 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 | 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 |
Delmarva Power and Light Company | 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 | 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 | 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 | 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 | 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 | 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 | 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 |
Delmarva Power and Light Company | 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] | ||
Assets, Fair Value Disclosure | 0 | 0 |
Total liabilities | 0 | 0 |
Atlantic City Electric Company | 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 | Fair Value, Recurring [Member] | Cash and Cash Equivalents [Member] | ||
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] | ||
Cash equivalents | 15 | 21 |
Atlantic City Electric Company | 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 | 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 | 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 | Fair Value, Inputs, Level 1 [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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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] | ||
Assets, Fair Value Disclosure | 0 | 0 |
Total liabilities | $ 0 | $ 0 |
Fair Value of Financial Asset_5
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, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023 | |
Footnotes To Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Abstract] | |||||
Mark-to-market derivative liabilities (current liabilities) | $ 23 | $ 23 | $ 74 | ||
Mark-to-market derivative liabilities (noncurrent liabilities) | 121 | 121 | 106 | ||
Fair Value, Inputs, Level 3 [Member] | |||||
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | |||||
Beginning Balance | (65) | $ (57) | (90) | $ (44) | |
Total realized / unrealized gains (losses) | |||||
Included in net income | 1 | 1 | 1 | 2 | |
Included in regulatory assets/liabilities | (31) | (35) | (6) | (49) | |
Purchases, sales, issuances and settlements | |||||
Settlements | (21) | (21) | |||
Ending Balance | (116) | (91) | (116) | (91) | |
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) | 2 | 1 | 2 | 2 | |
Commonwealth Edison Co | |||||
Footnotes To Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Abstract] | |||||
Mark-to-market derivative liabilities (current liabilities) | 23 | 23 | 27 | ||
Mark-to-market derivative liabilities (noncurrent liabilities) | 116 | 116 | 106 | ||
Commonwealth Edison Co | Fair Value, Recurring [Member] | |||||
Footnotes To Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Abstract] | |||||
Mark-to-market derivative liabilities (current liabilities) | 23 | 23 | 27 | ||
Mark-to-market derivative liabilities (noncurrent liabilities) | 116 | 116 | $ 106 | ||
Other current assets | 0 | 0 | |||
Other deferred debits (noncurrent assets) | 0 | 0 | |||
Commonwealth Edison Co | Derivative [Member] | Interest Rate Swap | |||||
Footnotes To Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Abstract] | |||||
Realized Investment Gains (Losses) | 12 | 8 | 24 | 19 | |
Commonwealth Edison Co | Fair Value, Inputs, Level 3 [Member] | Derivative [Member] | |||||
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | |||||
Beginning Balance | (108) | (98) | (133) | (84) | |
Total realized / unrealized gains (losses) | |||||
Included in net income | 0 | 0 | 0 | 0 | |
Included in regulatory assets/liabilities | (31) | (35) | (6) | (49) | |
Purchases, sales, issuances and settlements | |||||
Settlements | 0 | 0 | |||
Ending Balance | (139) | (133) | (139) | (133) | |
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) | (43) | (43) | (30) | (68) | |
Pepco Holdings LLC | Fair Value, Inputs, Level 3 [Member] | 6311 Life Insurance [Member] | |||||
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | |||||
Beginning Balance | 41 | 41 | 41 | 40 | |
Total realized / unrealized gains (losses) | |||||
Included in net income | 2 | 1 | 2 | 2 | |
Included in regulatory assets/liabilities | 0 | 0 | 0 | 0 | |
Purchases, sales, issuances and settlements | |||||
Settlements | (21) | (21) | |||
Ending Balance | 22 | 42 | 22 | 42 | |
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) | 2 | 1 | 2 | 2 | |
Potomac Electric Power Company | Fair Value, Inputs, Level 3 [Member] | 6311 Life Insurance [Member] | |||||
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items] | |||||
Beginning Balance | 41 | 41 | 41 | 40 | |
Total realized / unrealized gains (losses) | |||||
Included in net income | 2 | 1 | 2 | 2 | |
Included in regulatory assets/liabilities | 0 | 0 | 0 | 0 | |
Purchases, sales, issuances and settlements | |||||
Settlements | (21) | (21) | |||
Ending Balance | 22 | 42 | 22 | 42 | |
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) | $ 2 | $ 1 | $ 2 | $ 2 |
Fair Value of Financial Asset_6
Fair Value of Financial Assets and Liabilities - Fair Value Inputs Assets Quantitative Information (Details) - Fair Value, Inputs, Level 3 [Member] - Derivative [Member] - USD ($) | Jun. 30, 2024 | Dec. 31, 2023 |
Derivatives, Fair Value [Line Items] | ||
Derivative Liability, Fair Value, Amount Not Offset Against Collateral | $ (139,000,000) | $ (133,000,000) |
Discounted Cash Flow [Member] | Minimum [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Fair Value Inputs Forward Power Price | 22.68 | 30.27 |
Discounted Cash Flow [Member] | Maximum [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Fair Value Inputs Forward Power Price | 58.69 | 73.71 |
Discounted Cash Flow [Member] | Arithmetic Average [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Fair Value Inputs Forward Power Price | 40.49 | 43.35 |
Commonwealth Edison Co | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liability, Fair Value, Amount Not Offset Against Collateral | $ (139,000,000) | $ (133,000,000) |
Commonwealth Edison Co | Discounted Cash Flow [Member] | Minimum [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Fair Value Inputs Forward Power Price | 22.68 | 30.27 |
Commonwealth Edison Co | Discounted Cash Flow [Member] | Maximum [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Fair Value Inputs Forward Power Price | 58.69 | 73.71 |
Commonwealth Edison Co | Discounted Cash Flow [Member] | Arithmetic Average [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Fair Value Inputs Forward Power Price | 40.49 | 43.35 |
Commitments and Contingencies -
Commitments and Contingencies - Narrative (Details) - USD ($) $ in Millions | 1 Months Ended | 6 Months Ended |
Nov. 30, 2020 | Jun. 30, 2024 | |
Commonwealth Edison Co | ||
Commitments And Contingencies Additional Narrative Information [Line Items] | ||
Mgp Site Contingency Monitoring Count | 16 | |
Deferred Prosecution Agreement Payments | $ 200 | |
Loss Contingency Accrual | $ 46.2 | |
Customer Refund Liability, Current | 38 | |
Commonwealth Edison Co | Illinois Chamber of Commerce | ||
Commitments And Contingencies Additional Narrative Information [Line Items] | ||
Customer Refund Liability, Current | $ 31 | |
PECO Energy Co | ||
Commitments And Contingencies Additional Narrative Information [Line Items] | ||
Mgp Site Contingency Monitoring Count | 6 | |
Baltimore Gas and Electric Company | ||
Commitments And Contingencies Additional Narrative Information [Line Items] | ||
Mgp Site Contingency Monitoring Count | 4 | |
Delmarva Power and Light Company | ||
Commitments And Contingencies Additional Narrative Information [Line Items] | ||
Mgp Site Contingency Monitoring Count | 1 | |
Potomac Electric Power Company | ||
Commitments And Contingencies Additional Narrative Information [Line Items] | ||
Environmental Liability - Anacostia | $ 47 | |
Environmental Liability - Buzzard Point | 10 | |
Exelon Business Services Co Affiliate | ||
Commitments And Contingencies Additional Narrative Information [Line Items] | ||
Deferred Prosecution Agreement Liability, Current | 173 | |
Insurers' Settlement Payment | 40 | |
Settling Shareholders' Attorney Fees | $ 10 |
Commitments and Contingencies_3
Commitments and Contingencies - Merger Commitment (Details) $ in Millions | Jun. 30, 2024 USD ($) |
Other Commitments [Line Items] | |
Other Commitment | $ 628 |
Pepco Holdings LLC | |
Other Commitments [Line Items] | |
Other Commitment | 122 |
Potomac Electric Power Company | |
Other Commitments [Line Items] | |
Other Commitment | 94 |
Delmarva Power and Light Company | |
Other Commitments [Line Items] | |
Other Commitment | 16 |
Atlantic City Electric Company | |
Other Commitments [Line Items] | |
Other Commitment | 12 |
Pepco Holdings Inc [Member] | |
Other Commitments [Line Items] | |
Other Commitment | 513 |
Pepco Holdings Inc [Member] | Remaining commitment | |
Other Commitments [Line Items] | |
Other Commitment | 31 |
Pepco Holdings Inc [Member] | Pepco Holdings LLC | |
Other Commitments [Line Items] | |
Other Commitment | 320 |
Pepco Holdings Inc [Member] | Pepco Holdings LLC | Remaining commitment | |
Other Commitments [Line Items] | |
Other Commitment | 28 |
Pepco Holdings Inc [Member] | Potomac Electric Power Company | |
Other Commitments [Line Items] | |
Other Commitment | 120 |
Pepco Holdings Inc [Member] | Potomac Electric Power Company | Remaining commitment | |
Other Commitments [Line Items] | |
Other Commitment | 25 |
Pepco Holdings Inc [Member] | Delmarva Power and Light Company | |
Other Commitments [Line Items] | |
Other Commitment | 89 |
Pepco Holdings Inc [Member] | Delmarva Power and Light Company | Remaining commitment | |
Other Commitments [Line Items] | |
Other Commitment | 2 |
Pepco Holdings Inc [Member] | Atlantic City Electric Company | |
Other Commitments [Line Items] | |
Other Commitment | 111 |
Pepco Holdings Inc [Member] | Atlantic City Electric Company | Remaining commitment | |
Other Commitments [Line Items] | |
Other Commitment | $ 1 |
Commitments and Contingencies_4
Commitments and Contingencies - Schedule of Commercial Commitments (Details) $ in Millions | Jun. 30, 2024 USD ($) |
Other Commitments [Line Items] | |
Other Commitment | $ 628 |
Other Commitment, to be Paid, Remainder of Fiscal Year | 177 |
Other Commitment, to be Paid, Year One | 48 |
Other Commitment, to be Paid, Year Two | 5 |
Other Commitment, to be Paid, Year Three | 6 |
Other Commitment, to be Paid, Year Four | 84 |
Other Commitment, to be Paid, Year Five and Beyond | 308 |
Guarantor Obligations, Maximum Exposure, Undiscounted | 59 |
Letters of Credit | |
Other Commitments [Line Items] | |
Other Commitment | 30 |
Other Commitment, to be Paid, Remainder of Fiscal Year | 17 |
Other Commitment, to be Paid, Year One | 13 |
Other Commitment, to be Paid, Year Two | 0 |
Other Commitment, to be Paid, Year Three | 0 |
Other Commitment, to be Paid, Year Four | 0 |
Other Commitment, to be Paid, Year Five and Beyond | 0 |
Surety Bonds | |
Other Commitments [Line Items] | |
Other Commitment | 194 |
Other Commitment, to be Paid, Remainder of Fiscal Year | 160 |
Other Commitment, to be Paid, Year One | 32 |
Other Commitment, to be Paid, Year Two | 0 |
Other Commitment, to be Paid, Year Three | 2 |
Other Commitment, to be Paid, Year Four | 0 |
Other Commitment, to be Paid, Year Five and Beyond | 0 |
Financing trust guarantees | |
Other Commitments [Line Items] | |
Other Commitment | 378 |
Other Commitment, to be Paid, Remainder of Fiscal Year | 0 |
Other Commitment, to be Paid, Year One | 0 |
Other Commitment, to be Paid, Year Two | 0 |
Other Commitment, to be Paid, Year Three | 0 |
Other Commitment, to be Paid, Year Four | 78 |
Other Commitment, to be Paid, Year Five and Beyond | 300 |
Guaranteed lease residual values | |
Other Commitments [Line Items] | |
Other Commitment | 26 |
Other Commitment, to be Paid, Remainder of Fiscal Year | 0 |
Other Commitment, to be Paid, Year One | 3 |
Other Commitment, to be Paid, Year Two | 5 |
Other Commitment, to be Paid, Year Three | 4 |
Other Commitment, to be Paid, Year Four | 6 |
Other Commitment, to be Paid, Year Five and Beyond | 8 |
Commonwealth Edison Co | |
Other Commitments [Line Items] | |
Other Commitment | 253 |
Other Commitment, to be Paid, Remainder of Fiscal Year | 38 |
Other Commitment, to be Paid, Year One | 13 |
Other Commitment, to be Paid, Year Two | 0 |
Other Commitment, to be Paid, Year Three | 2 |
Other Commitment, to be Paid, Year Four | 0 |
Other Commitment, to be Paid, Year Five and Beyond | 200 |
Commonwealth Edison Co | Letters of Credit | |
Other Commitments [Line Items] | |
Other Commitment | 17 |
Other Commitment, to be Paid, Remainder of Fiscal Year | 9 |
Other Commitment, to be Paid, Year One | 8 |
Other Commitment, to be Paid, Year Two | 0 |
Other Commitment, to be Paid, Year Three | 0 |
Other Commitment, to be Paid, Year Four | 0 |
Other Commitment, to be Paid, Year Five and Beyond | 0 |
Commonwealth Edison Co | Surety Bonds | |
Other Commitments [Line Items] | |
Other Commitment | 36 |
Other Commitment, to be Paid, Remainder of Fiscal Year | 29 |
Other Commitment, to be Paid, Year One | 5 |
Other Commitment, to be Paid, Year Two | 0 |
Other Commitment, to be Paid, Year Three | 2 |
Other Commitment, to be Paid, Year Four | 0 |
Other Commitment, to be Paid, Year Five and Beyond | 0 |
Commonwealth Edison Co | Financing trust guarantees | |
Other Commitments [Line Items] | |
Other Commitment | 200 |
Other Commitment, to be Paid, Remainder of Fiscal Year | 0 |
Other Commitment, to be Paid, Year One | 0 |
Other Commitment, to be Paid, Year Two | 0 |
Other Commitment, to be Paid, Year Three | 0 |
Other Commitment, to be Paid, Year Four | 0 |
Other Commitment, to be Paid, Year Five and Beyond | 200 |
PECO Energy Co | |
Other Commitments [Line Items] | |
Other Commitment | 182 |
Other Commitment, to be Paid, Remainder of Fiscal Year | 1 |
Other Commitment, to be Paid, Year One | 3 |
Other Commitment, to be Paid, Year Two | 0 |
Other Commitment, to be Paid, Year Three | 0 |
Other Commitment, to be Paid, Year Four | 78 |
Other Commitment, to be Paid, Year Five and Beyond | 100 |
PECO Energy Co | Letters of Credit | |
Other Commitments [Line Items] | |
Other Commitment | 2 |
Other Commitment, to be Paid, Remainder of Fiscal Year | 0 |
Other Commitment, to be Paid, Year One | 2 |
Other Commitment, to be Paid, Year Two | 0 |
Other Commitment, to be Paid, Year Three | 0 |
Other Commitment, to be Paid, Year Four | 0 |
Other Commitment, to be Paid, Year Five and Beyond | 0 |
PECO Energy Co | Surety Bonds | |
Other Commitments [Line Items] | |
Other Commitment | 2 |
Other Commitment, to be Paid, Remainder of Fiscal Year | 1 |
Other Commitment, to be Paid, Year One | 1 |
Other Commitment, to be Paid, Year Two | 0 |
Other Commitment, to be Paid, Year Three | 0 |
Other Commitment, to be Paid, Year Four | 0 |
Other Commitment, to be Paid, Year Five and Beyond | 0 |
PECO Energy Co | Financing trust guarantees | |
Other Commitments [Line Items] | |
Other Commitment | 178 |
Other Commitment, to be Paid, Remainder of Fiscal Year | 0 |
Other Commitment, to be Paid, Year One | 0 |
Other Commitment, to be Paid, Year Two | 0 |
Other Commitment, to be Paid, Year Three | 0 |
Other Commitment, to be Paid, Year Four | 78 |
Other Commitment, to be Paid, Year Five and Beyond | 100 |
Baltimore Gas and Electric Company | |
Other Commitments [Line Items] | |
Other Commitment | 11 |
Other Commitment, to be Paid, Remainder of Fiscal Year | 7 |
Other Commitment, to be Paid, Year One | 4 |
Other Commitment, to be Paid, Year Two | 0 |
Other Commitment, to be Paid, Year Three | 0 |
Other Commitment, to be Paid, Year Four | 0 |
Other Commitment, to be Paid, Year Five and Beyond | 0 |
Baltimore Gas and Electric Company | Letters of Credit | |
Other Commitments [Line Items] | |
Other Commitment | 8 |
Other Commitment, to be Paid, Remainder of Fiscal Year | 6 |
Other Commitment, to be Paid, Year One | 2 |
Other Commitment, to be Paid, Year Two | 0 |
Other Commitment, to be Paid, Year Three | 0 |
Other Commitment, to be Paid, Year Four | 0 |
Other Commitment, to be Paid, Year Five and Beyond | 0 |
Baltimore Gas and Electric Company | Surety Bonds | |
Other Commitments [Line Items] | |
Other Commitment | 3 |
Other Commitment, to be Paid, Remainder of Fiscal Year | 1 |
Other Commitment, to be Paid, Year One | 2 |
Other Commitment, to be Paid, Year Two | 0 |
Other Commitment, to be Paid, Year Three | 0 |
Other Commitment, to be Paid, Year Four | 0 |
Other Commitment, to be Paid, Year Five and Beyond | 0 |
Pepco Holdings LLC | |
Other Commitments [Line Items] | |
Other Commitment | 122 |
Other Commitment, to be Paid, Remainder of Fiscal Year | 77 |
Other Commitment, to be Paid, Year One | 22 |
Other Commitment, to be Paid, Year Two | 5 |
Other Commitment, to be Paid, Year Three | 4 |
Other Commitment, to be Paid, Year Four | 6 |
Other Commitment, to be Paid, Year Five and Beyond | 8 |
Guarantor Obligations, Maximum Exposure, Undiscounted | 59 |
Pepco Holdings LLC | Surety Bonds | |
Other Commitments [Line Items] | |
Other Commitment | 96 |
Other Commitment, to be Paid, Remainder of Fiscal Year | 77 |
Other Commitment, to be Paid, Year One | 19 |
Other Commitment, to be Paid, Year Two | 0 |
Other Commitment, to be Paid, Year Three | 0 |
Other Commitment, to be Paid, Year Four | 0 |
Other Commitment, to be Paid, Year Five and Beyond | 0 |
Pepco Holdings LLC | Guaranteed lease residual values | |
Other Commitments [Line Items] | |
Other Commitment | 26 |
Other Commitment, to be Paid, Remainder of Fiscal Year | 0 |
Other Commitment, to be Paid, Year One | 3 |
Other Commitment, to be Paid, Year Two | 5 |
Other Commitment, to be Paid, Year Three | 4 |
Other Commitment, to be Paid, Year Four | 6 |
Other Commitment, to be Paid, Year Five and Beyond | 8 |
Potomac Electric Power Company | |
Other Commitments [Line Items] | |
Other Commitment | 94 |
Other Commitment, to be Paid, Remainder of Fiscal Year | 71 |
Other Commitment, to be Paid, Year One | 15 |
Other Commitment, to be Paid, Year Two | 2 |
Other Commitment, to be Paid, Year Three | 1 |
Other Commitment, to be Paid, Year Four | 2 |
Other Commitment, to be Paid, Year Five and Beyond | 3 |
Guarantor Obligations, Maximum Exposure, Undiscounted | 20 |
Potomac Electric Power Company | Surety Bonds | |
Other Commitments [Line Items] | |
Other Commitment | 85 |
Other Commitment, to be Paid, Remainder of Fiscal Year | 71 |
Other Commitment, to be Paid, Year One | 14 |
Other Commitment, to be Paid, Year Two | 0 |
Other Commitment, to be Paid, Year Three | 0 |
Other Commitment, to be Paid, Year Four | 0 |
Other Commitment, to be Paid, Year Five and Beyond | 0 |
Potomac Electric Power Company | Guaranteed lease residual values | |
Other Commitments [Line Items] | |
Other Commitment | 9 |
Other Commitment, to be Paid, Remainder of Fiscal Year | 0 |
Other Commitment, to be Paid, Year One | 1 |
Other Commitment, to be Paid, Year Two | 2 |
Other Commitment, to be Paid, Year Three | 1 |
Other Commitment, to be Paid, Year Four | 2 |
Other Commitment, to be Paid, Year Five and Beyond | 3 |
Delmarva Power and Light Company | |
Other Commitments [Line Items] | |
Other Commitment | 16 |
Other Commitment, to be Paid, Remainder of Fiscal Year | 3 |
Other Commitment, to be Paid, Year One | 4 |
Other Commitment, to be Paid, Year Two | 2 |
Other Commitment, to be Paid, Year Three | 2 |
Other Commitment, to be Paid, Year Four | 2 |
Other Commitment, to be Paid, Year Five and Beyond | 3 |
Guarantor Obligations, Maximum Exposure, Undiscounted | 23 |
Delmarva Power and Light Company | Surety Bonds | |
Other Commitments [Line Items] | |
Other Commitment | 6 |
Other Commitment, to be Paid, Remainder of Fiscal Year | 3 |
Other Commitment, to be Paid, Year One | 3 |
Other Commitment, to be Paid, Year Two | 0 |
Other Commitment, to be Paid, Year Three | 0 |
Other Commitment, to be Paid, Year Four | 0 |
Other Commitment, to be Paid, Year Five and Beyond | 0 |
Delmarva Power and Light Company | Guaranteed lease residual values | |
Other Commitments [Line Items] | |
Other Commitment | 10 |
Other Commitment, to be Paid, Remainder of Fiscal Year | 0 |
Other Commitment, to be Paid, Year One | 1 |
Other Commitment, to be Paid, Year Two | 2 |
Other Commitment, to be Paid, Year Three | 2 |
Other Commitment, to be Paid, Year Four | 2 |
Other Commitment, to be Paid, Year Five and Beyond | 3 |
Atlantic City Electric Company | |
Other Commitments [Line Items] | |
Other Commitment | 12 |
Other Commitment, to be Paid, Remainder of Fiscal Year | 3 |
Other Commitment, to be Paid, Year One | 3 |
Other Commitment, to be Paid, Year Two | 1 |
Other Commitment, to be Paid, Year Three | 1 |
Other Commitment, to be Paid, Year Four | 2 |
Other Commitment, to be Paid, Year Five and Beyond | 2 |
Guarantor Obligations, Maximum Exposure, Undiscounted | 16 |
Atlantic City Electric Company | Surety Bonds | |
Other Commitments [Line Items] | |
Other Commitment | 5 |
Other Commitment, to be Paid, Remainder of Fiscal Year | 3 |
Other Commitment, to be Paid, Year One | 2 |
Other Commitment, to be Paid, Year Two | 0 |
Other Commitment, to be Paid, Year Three | 0 |
Other Commitment, to be Paid, Year Four | 0 |
Other Commitment, to be Paid, Year Five and Beyond | 0 |
Atlantic City Electric Company | Guaranteed lease residual values | |
Other Commitments [Line Items] | |
Other Commitment | 7 |
Other Commitment, to be Paid, Remainder of Fiscal Year | 0 |
Other Commitment, to be Paid, Year One | 1 |
Other Commitment, to be Paid, Year Two | 1 |
Other Commitment, to be Paid, Year Three | 1 |
Other Commitment, to be Paid, Year Four | 2 |
Other Commitment, to be Paid, Year Five and Beyond | $ 2 |
Minimum [Member] | Guaranteed lease residual values | |
Other Commitments [Line Items] | |
Lessor, Operating Lease, Term of Contract | 1 year |
Maximum [Member] | Guaranteed lease residual values | |
Other Commitments [Line Items] | |
Lessor, Operating Lease, Term of Contract | 9 years |
Commitments and Contingencies_5
Commitments and Contingencies - Schedule of Accruals for Environmental Matters (Details) - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Site Contingency [Line Items] | ||
Total environmental investigation and remediation reserve | $ 406 | $ 428 |
Commonwealth Edison Co | ||
Site Contingency [Line Items] | ||
Total environmental investigation and remediation reserve | 284 | 303 |
PECO Energy Co | ||
Site Contingency [Line Items] | ||
Total environmental investigation and remediation reserve | 27 | 27 |
Baltimore Gas and Electric Company | ||
Site Contingency [Line Items] | ||
Total environmental investigation and remediation reserve | 14 | 14 |
Pepco Holdings LLC | ||
Site Contingency [Line Items] | ||
Total environmental investigation and remediation reserve | 75 | 81 |
Potomac Electric Power Company | ||
Site Contingency [Line Items] | ||
Total environmental investigation and remediation reserve | 74 | 79 |
Delmarva Power and Light Company | ||
Site Contingency [Line Items] | ||
Total environmental investigation and remediation reserve | 1 | 1 |
Atlantic City Electric Company | ||
Site Contingency [Line Items] | ||
Total environmental investigation and remediation reserve | 0 | 1 |
Environmental Remediation | ||
Site Contingency [Line Items] | ||
Total environmental investigation and remediation reserve | 319 | 338 |
Environmental Remediation | Commonwealth Edison Co | ||
Site Contingency [Line Items] | ||
Total environmental investigation and remediation reserve | 283 | 302 |
Environmental Remediation | PECO Energy Co | ||
Site Contingency [Line Items] | ||
Total environmental investigation and remediation reserve | 25 | 25 |
Environmental Remediation | Baltimore Gas and Electric Company | ||
Site Contingency [Line Items] | ||
Total environmental investigation and remediation reserve | 11 | 11 |
Environmental Remediation | Pepco Holdings LLC | ||
Site Contingency [Line Items] | ||
Total environmental investigation and remediation reserve | 0 | 0 |
Environmental Remediation | Potomac Electric Power Company | ||
Site Contingency [Line Items] | ||
Total environmental investigation and remediation reserve | 0 | 0 |
Environmental Remediation | Delmarva Power and Light Company | ||
Site Contingency [Line Items] | ||
Total environmental investigation and remediation reserve | 0 | 0 |
Environmental Remediation | Atlantic City Electric Company | ||
Site Contingency [Line Items] | ||
Total environmental investigation and remediation reserve | $ 0 | $ 0 |
Shareholders' Equity - Narrativ
Shareholders' Equity - Narrative (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions | 1 Months Ended | ||
Dec. 06, 2023 | Jun. 30, 2024 | Aug. 04, 2022 | |
Equity Distribution Agreement | |||
At-the-Market Program [Line Items] | |||
Stock Issued During Period, Shares, New Issues | 3.6 | ||
Share Price | $ 39.58 | ||
Issuance of common stock | $ 140 | ||
Common Stock | |||
At-the-Market Program [Line Items] | |||
Equity Distribution Agreement | $ 858 | $ 1,000 |
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, 2024 | Mar. 31, 2024 | Jun. 30, 2023 | Mar. 31, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Movement in Accumulated Other Comprehensive Income [Roll Forward] | ||||||
Beginning balance | $ 26,061 | $ 25,755 | $ 25,066 | $ 24,744 | $ 25,755 | $ 24,744 |
Other comprehensive income (loss), net of income taxes | 0 | 14 | 9 | (1) | 14 | 8 |
Ending balance | 26,152 | 26,061 | 25,079 | 25,066 | 26,152 | 25,079 |
Gains (Losses) on Cash Flow Hedges | ||||||
Movement in Accumulated Other Comprehensive Income [Roll Forward] | ||||||
Beginning balance | 30 | (3) | 8 | 2 | (3) | 2 |
OCI before reclassifications | (2) | 9 | 32 | 15 | ||
Amounts reclassified from AOCI | (1) | 2 | 0 | |||
Other comprehensive income (loss), net of income taxes | (3) | 9 | 30 | 15 | ||
Ending balance | 27 | 30 | 17 | 8 | 27 | 17 |
Pension and Non-Pension Postretirement Benefit Plan Items | ||||||
Movement in Accumulated Other Comprehensive Income [Roll Forward] | ||||||
Beginning balance | (742) | (723) | (647) | (640) | (723) | (640) |
OCI before reclassifications | (2) | (3) | (26) | (13) | ||
Amounts reclassified from AOCI | 5 | 3 | (10) | 6 | ||
Other comprehensive income (loss), net of income taxes | 3 | 0 | (16) | (7) | ||
Ending balance | (739) | (742) | (647) | (647) | (739) | (647) |
Total | ||||||
Movement in Accumulated Other Comprehensive Income [Roll Forward] | ||||||
Beginning balance | (712) | (726) | (639) | (638) | (726) | (638) |
OCI before reclassifications | (4) | 6 | 6 | 2 | ||
Amounts reclassified from AOCI | 4 | 3 | 8 | 6 | ||
Other comprehensive income (loss), net of income taxes | 0 | 14 | 9 | (1) | 14 | 8 |
Ending balance | $ (712) | $ (712) | $ (630) | $ (639) | $ (712) | $ (630) |
Changes in Accumulated Other _4
Changes in Accumulated Other Comprehensive Income - Income Taxes Allocated to Other Comprehensive Income (Loss) Components (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Actuarial losses | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Other Comprehensive Income (Loss), Tax | $ (2) | $ (1) | $ (4) | $ (2) |
Pension and Non-Pension Postretirement Benefit Plan Items | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Other Comprehensive Income (Loss), Tax | 0 | 1 | 8 | 4 |
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Other Comprehensive Income (Loss), Tax | $ 0 | $ (3) | $ (10) | $ (4) |
Supplemental Financial Inform_3
Supplemental Financial Information - Taxes Other Than Income Taxes (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Supplemental Statement of Operations Information [Line Items] | ||||
Utility taxes | $ 226 | $ 201 | $ 447 | $ 421 |
Property | 107 | 96 | 212 | 196 |
Payroll | 33 | 31 | 67 | 63 |
Commonwealth Edison Co | ||||
Supplemental Statement of Operations Information [Line Items] | ||||
Utility taxes | 73 | 71 | 148 | 146 |
Property | 10 | 8 | 18 | 18 |
Payroll | 9 | 7 | 18 | 14 |
PECO Energy Co | ||||
Supplemental Statement of Operations Information [Line Items] | ||||
Utility taxes | 42 | 38 | 83 | 78 |
Property | 5 | 4 | 9 | 8 |
Payroll | 4 | 4 | 9 | 9 |
Baltimore Gas and Electric Company | ||||
Supplemental Statement of Operations Information [Line Items] | ||||
Utility taxes | 31 | 22 | 54 | 50 |
Property | 53 | 49 | 107 | 100 |
Payroll | 5 | 5 | 9 | 9 |
Pepco Holdings LLC | ||||
Supplemental Statement of Operations Information [Line Items] | ||||
Utility taxes | 80 | 70 | 162 | 147 |
Property | 39 | 35 | 78 | 70 |
Payroll | 7 | 7 | 14 | 14 |
Potomac Electric Power Company | ||||
Supplemental Statement of Operations Information [Line Items] | ||||
Utility taxes | 72 | 63 | 146 | 131 |
Property | 26 | 24 | 53 | 48 |
Payroll | 2 | 2 | 4 | 4 |
Delmarva Power and Light Company | ||||
Supplemental Statement of Operations Information [Line Items] | ||||
Utility taxes | 6 | 6 | 14 | 14 |
Property | 12 | 10 | 23 | 21 |
Payroll | 1 | 1 | 2 | 2 |
Atlantic City Electric Company | ||||
Supplemental Statement of Operations Information [Line Items] | ||||
Utility taxes | 0 | 1 | 2 | 2 |
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, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Other, Net [Abstract] | ||||
AFUDC - Equity | $ 38 | $ 34 | $ 78 | $ 71 |
Non-service net periodic benefit cost | (11) | (1) | (17) | (2) |
Commonwealth Edison Co | ||||
Other, Net [Abstract] | ||||
AFUDC - Equity | 9 | 7 | 19 | 17 |
Non-service net periodic benefit cost | 0 | 0 | 0 | 0 |
PECO Energy Co | ||||
Other, Net [Abstract] | ||||
AFUDC - Equity | 8 | 6 | 16 | 12 |
Non-service net periodic benefit cost | 0 | 0 | 0 | 0 |
Baltimore Gas and Electric Company | ||||
Other, Net [Abstract] | ||||
AFUDC - Equity | 6 | 4 | 13 | 7 |
Non-service net periodic benefit cost | 0 | 0 | 0 | 0 |
Pepco Holdings LLC | ||||
Other, Net [Abstract] | ||||
AFUDC - Equity | 15 | 17 | 30 | 35 |
Non-service net periodic benefit cost | 0 | 0 | 0 | 0 |
Potomac Electric Power Company | ||||
Other, Net [Abstract] | ||||
AFUDC - Equity | 12 | 13 | 23 | 27 |
Non-service net periodic benefit cost | 0 | 0 | 0 | 0 |
Delmarva Power and Light Company | ||||
Other, Net [Abstract] | ||||
AFUDC - Equity | 3 | 2 | 6 | 4 |
Non-service net periodic benefit cost | 0 | 0 | 0 | 0 |
Atlantic City Electric Company | ||||
Other, Net [Abstract] | ||||
AFUDC - Equity | 0 | 2 | 1 | 4 |
Non-service net periodic benefit cost | $ 0 | $ 0 | $ 0 | $ 0 |
Supplemental Financial Inform_5
Supplemental Financial Information - Cash Flow (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Depreciation, Amortization and Accretion [Abstract] | ||||
Property, plant and equipment | $ 1,436 | $ 1,370 | ||
Amortization of regulatory assets | 333 | 352 | ||
Amortization of intangible assets, net | 4 | 4 | ||
Accretion expense | 1 | 1 | ||
Depreciation and amortization | 1,774 | 1,727 | ||
Other Non-Cash Operating Activities [Abstract] | ||||
Pension and non-pension postretirement benefit costs | 120 | 89 | ||
Allowance for credit losses | 93 | 46 | ||
True-up adjustments to decoupling mechanisms and formula rates | $ (80) | $ 126 | 25 | 404 |
Long-term incentive plan | 13 | |||
Amortization of operating ROU asset | 19 | 19 | ||
Change in environmental liabilities | 37 | |||
AFUDC - Equity | (38) | (34) | (78) | (71) |
Other Non-Cash Activity | ||||
Other Non-Cash Operating Activities [Abstract] | ||||
True-up adjustments to decoupling mechanisms and formula rates | (15) | (410) | ||
Return on borrowed funds | ||||
Other Non-Cash Operating Activities [Abstract] | ||||
AFUDC - Equity | (78) | (71) | ||
Commonwealth Edison Co | ||||
Depreciation, Amortization and Accretion [Abstract] | ||||
Property, plant and equipment | 573 | 540 | ||
Amortization of regulatory assets | 164 | 148 | ||
Amortization of intangible assets, net | 0 | 0 | ||
Accretion expense | 0 | 0 | ||
Depreciation and amortization | 737 | 688 | ||
Other Non-Cash Operating Activities [Abstract] | ||||
Pension and non-pension postretirement benefit costs | 36 | 13 | ||
Allowance for credit losses | 8 | 1 | ||
True-up adjustments to decoupling mechanisms and formula rates | (43) | 118 | (24) | 270 |
Long-term incentive plan | 0 | |||
Amortization of operating ROU asset | 0 | 1 | ||
Change in environmental liabilities | 0 | |||
AFUDC - Equity | (9) | (7) | (19) | (17) |
Commonwealth Edison Co | Other Non-Cash Activity | ||||
Other Non-Cash Operating Activities [Abstract] | ||||
True-up adjustments to decoupling mechanisms and formula rates | 24 | (270) | ||
Commonwealth Edison Co | Return on borrowed funds | ||||
Other Non-Cash Operating Activities [Abstract] | ||||
AFUDC - Equity | (19) | (17) | ||
PECO Energy Co | ||||
Depreciation, Amortization and Accretion [Abstract] | ||||
Property, plant and equipment | 203 | 190 | ||
Amortization of regulatory assets | 7 | 7 | ||
Amortization of intangible assets, net | 0 | 0 | ||
Accretion expense | 0 | 0 | ||
Depreciation and amortization | 210 | 197 | ||
Other Non-Cash Operating Activities [Abstract] | ||||
Pension and non-pension postretirement benefit costs | 0 | (7) | ||
Allowance for credit losses | 47 | 19 | ||
True-up adjustments to decoupling mechanisms and formula rates | 0 | (5) | (2) | (10) |
Long-term incentive plan | 0 | |||
Amortization of operating ROU asset | 0 | 0 | ||
Change in environmental liabilities | 0 | |||
AFUDC - Equity | (8) | (6) | (16) | (12) |
PECO Energy Co | Other Non-Cash Activity | ||||
Other Non-Cash Operating Activities [Abstract] | ||||
True-up adjustments to decoupling mechanisms and formula rates | 2 | 10 | ||
PECO Energy Co | Return on borrowed funds | ||||
Other Non-Cash Operating Activities [Abstract] | ||||
AFUDC - Equity | (16) | (12) | ||
Baltimore Gas and Electric Company | ||||
Depreciation, Amortization and Accretion [Abstract] | ||||
Property, plant and equipment | 247 | 249 | ||
Amortization of regulatory assets | 65 | 76 | ||
Amortization of intangible assets, net | 0 | 0 | ||
Accretion expense | 0 | 0 | ||
Depreciation and amortization | 312 | 325 | ||
Other Non-Cash Operating Activities [Abstract] | ||||
Pension and non-pension postretirement benefit costs | 31 | 28 | ||
Allowance for credit losses | 11 | 4 | ||
True-up adjustments to decoupling mechanisms and formula rates | (23) | 4 | 19 | 70 |
Long-term incentive plan | 0 | |||
Amortization of operating ROU asset | 3 | 2 | ||
Change in environmental liabilities | 0 | |||
AFUDC - Equity | (6) | (4) | (13) | (7) |
Baltimore Gas and Electric Company | Other Non-Cash Activity | ||||
Other Non-Cash Operating Activities [Abstract] | ||||
True-up adjustments to decoupling mechanisms and formula rates | (19) | (70) | ||
Baltimore Gas and Electric Company | Return on borrowed funds | ||||
Other Non-Cash Operating Activities [Abstract] | ||||
AFUDC - Equity | (13) | (7) | ||
Pepco Holdings LLC | ||||
Depreciation, Amortization and Accretion [Abstract] | ||||
Property, plant and equipment | 383 | 364 | ||
Amortization of regulatory assets | 97 | 120 | ||
Amortization of intangible assets, net | 0 | 0 | ||
Accretion expense | 1 | 0 | ||
Depreciation and amortization | 481 | 484 | ||
Other Non-Cash Operating Activities [Abstract] | ||||
Pension and non-pension postretirement benefit costs | 46 | 49 | ||
Allowance for credit losses | 27 | 22 | ||
True-up adjustments to decoupling mechanisms and formula rates | (14) | 9 | 32 | 74 |
Long-term incentive plan | 0 | |||
Amortization of operating ROU asset | 13 | 14 | ||
Change in environmental liabilities | 37 | |||
AFUDC - Equity | (15) | (17) | (30) | (35) |
Pepco Holdings LLC | Other Non-Cash Activity | ||||
Other Non-Cash Operating Activities [Abstract] | ||||
True-up adjustments to decoupling mechanisms and formula rates | (22) | (80) | ||
Pepco Holdings LLC | Return on borrowed funds | ||||
Other Non-Cash Operating Activities [Abstract] | ||||
AFUDC - Equity | (30) | (35) | ||
Potomac Electric Power Company | ||||
Depreciation, Amortization and Accretion [Abstract] | ||||
Property, plant and equipment | 164 | 152 | ||
Amortization of regulatory assets | 41 | 64 | ||
Amortization of intangible assets, net | 0 | 0 | ||
Accretion expense | 0 | 0 | ||
Depreciation and amortization | 205 | 216 | ||
Other Non-Cash Operating Activities [Abstract] | ||||
Pension and non-pension postretirement benefit costs | 16 | 17 | ||
Allowance for credit losses | 16 | 13 | ||
True-up adjustments to decoupling mechanisms and formula rates | 7 | 7 | 37 | 46 |
Long-term incentive plan | 0 | |||
Amortization of operating ROU asset | 3 | 2 | ||
Change in environmental liabilities | 37 | |||
AFUDC - Equity | (12) | (13) | (23) | (27) |
Potomac Electric Power Company | Other Non-Cash Activity | ||||
Other Non-Cash Operating Activities [Abstract] | ||||
True-up adjustments to decoupling mechanisms and formula rates | (37) | (46) | ||
Potomac Electric Power Company | Return on borrowed funds | ||||
Other Non-Cash Operating Activities [Abstract] | ||||
AFUDC - Equity | (23) | (27) | ||
Delmarva Power and Light Company | ||||
Depreciation, Amortization and Accretion [Abstract] | ||||
Property, plant and equipment | 107 | 104 | ||
Amortization of regulatory assets | 15 | 17 | ||
Amortization of intangible assets, net | 0 | 0 | ||
Accretion expense | 0 | 0 | ||
Depreciation and amortization | 122 | 121 | ||
Other Non-Cash Operating Activities [Abstract] | ||||
Pension and non-pension postretirement benefit costs | 7 | 9 | ||
Allowance for credit losses | 3 | 3 | ||
True-up adjustments to decoupling mechanisms and formula rates | 0 | 3 | 4 | 12 |
Long-term incentive plan | 0 | |||
Amortization of operating ROU asset | 3 | 4 | ||
Change in environmental liabilities | 0 | |||
AFUDC - Equity | (3) | (2) | (6) | (4) |
Delmarva Power and Light Company | Other Non-Cash Activity | ||||
Other Non-Cash Operating Activities [Abstract] | ||||
True-up adjustments to decoupling mechanisms and formula rates | 4 | (15) | ||
Delmarva Power and Light Company | Return on borrowed funds | ||||
Other Non-Cash Operating Activities [Abstract] | ||||
AFUDC - Equity | (6) | (4) | ||
Atlantic City Electric Company | ||||
Depreciation, Amortization and Accretion [Abstract] | ||||
Property, plant and equipment | 105 | 96 | ||
Amortization of regulatory assets | 41 | 39 | ||
Amortization of intangible assets, net | 0 | 0 | ||
Accretion expense | 0 | 0 | ||
Depreciation and amortization | 146 | 135 | ||
Other Non-Cash Operating Activities [Abstract] | ||||
Pension and non-pension postretirement benefit costs | 7 | 7 | ||
Allowance for credit losses | 7 | 6 | ||
True-up adjustments to decoupling mechanisms and formula rates | (21) | (1) | (9) | 16 |
Long-term incentive plan | 0 | |||
Amortization of operating ROU asset | 2 | 2 | ||
Change in environmental liabilities | 0 | |||
AFUDC - Equity | $ 0 | $ (2) | (1) | (4) |
Atlantic City Electric Company | Other Non-Cash Activity | ||||
Other Non-Cash Operating Activities [Abstract] | ||||
True-up adjustments to decoupling mechanisms and formula rates | 11 | (19) | ||
Atlantic City Electric Company | Return on borrowed funds | ||||
Other Non-Cash Operating Activities [Abstract] | ||||
AFUDC - Equity | $ (1) | $ (4) |
Supplemental Financial Inform_6
Supplemental Financial Information - Balance Sheet (Details) - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 | Jun. 30, 2023 | Dec. 31, 2022 |
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract] | ||||
Cash and cash equivalents | $ 934 | $ 445 | $ 399 | $ 407 |
Restricted cash | 530 | 482 | 435 | 566 |
Restricted cash included in other long-term assets | 71 | 174 | 201 | 117 |
Total cash, restricted cash, and cash equivalents | 1,535 | 1,101 | 1,035 | 1,090 |
Accrued Expenses [Abstract] | ||||
Compensation-related accruals | 476 | 661 | ||
Taxes accrued | 183 | 221 | ||
Interest accrued | 469 | 414 | ||
Commonwealth Edison Co | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract] | ||||
Cash and cash equivalents | 326 | 110 | 74 | 67 |
Restricted cash | 446 | 402 | 361 | 327 |
Restricted cash included in other long-term assets | 71 | 174 | 201 | 117 |
Total cash, restricted cash, and cash equivalents | 843 | 686 | 636 | 511 |
Accrued Expenses [Abstract] | ||||
Compensation-related accruals | 124 | 206 | ||
Taxes accrued | 91 | 204 | ||
Interest accrued | 153 | 148 | ||
PECO Energy Co | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract] | ||||
Cash and cash equivalents | 19 | 42 | 82 | 59 |
Restricted cash | 9 | 9 | 9 | 9 |
Restricted cash included in other long-term assets | 0 | 0 | 0 | 0 |
Total cash, restricted cash, and cash equivalents | 28 | 51 | 91 | 68 |
Accrued Expenses [Abstract] | ||||
Compensation-related accruals | 72 | 87 | ||
Taxes accrued | 56 | 96 | ||
Interest accrued | 50 | 49 | ||
Baltimore Gas and Electric Company | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract] | ||||
Cash and cash equivalents | 428 | 47 | 89 | 43 |
Restricted cash | 0 | 1 | 1 | 24 |
Restricted cash included in other long-term assets | 0 | 0 | 0 | 0 |
Total cash, restricted cash, and cash equivalents | 428 | 48 | 90 | 67 |
Accrued Expenses [Abstract] | ||||
Compensation-related accruals | 66 | 81 | ||
Taxes accrued | 26 | 75 | ||
Interest accrued | 48 | 44 | ||
Pepco Holdings LLC | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract] | ||||
Cash and cash equivalents | 119 | 180 | 110 | 198 |
Restricted cash | 22 | 24 | 26 | 175 |
Restricted cash included in other long-term assets | 0 | 0 | 0 | 0 |
Total cash, restricted cash, and cash equivalents | 141 | 204 | 136 | 373 |
Accrued Expenses [Abstract] | ||||
Compensation-related accruals | 92 | 107 | ||
Taxes accrued | 90 | 137 | ||
Interest accrued | 85 | 72 | ||
Potomac Electric Power Company | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract] | ||||
Cash and cash equivalents | 19 | 48 | 16 | 45 |
Restricted cash | 21 | 24 | 26 | 54 |
Restricted cash included in other long-term assets | 0 | 0 | 0 | 0 |
Total cash, restricted cash, and cash equivalents | 40 | 72 | 42 | 99 |
Accrued Expenses [Abstract] | ||||
Compensation-related accruals | 27 | 27 | ||
Taxes accrued | 74 | 116 | ||
Interest accrued | 47 | 38 | ||
Delmarva Power and Light Company | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract] | ||||
Cash and cash equivalents | 50 | 16 | 18 | 31 |
Restricted cash | 1 | 0 | 0 | 121 |
Restricted cash included in other long-term assets | 0 | 0 | 0 | 0 |
Total cash, restricted cash, and cash equivalents | 51 | 16 | 18 | 152 |
Accrued Expenses [Abstract] | ||||
Compensation-related accruals | 18 | 17 | ||
Taxes accrued | 7 | 30 | ||
Interest accrued | 17 | 13 | ||
Atlantic City Electric Company | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract] | ||||
Cash and cash equivalents | 15 | 21 | 24 | 72 |
Restricted cash | 0 | 0 | 0 | 0 |
Restricted cash included in other long-term assets | 0 | 0 | 0 | 0 |
Total cash, restricted cash, and cash equivalents | 15 | 21 | $ 24 | $ 72 |
Accrued Expenses [Abstract] | ||||
Compensation-related accruals | 13 | 12 | ||
Taxes accrued | 9 | 10 | ||
Interest accrued | $ 17 | $ 15 |
Related Party Transactions - BS
Related Party Transactions - BSC and PHISCO Service Companies (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Exelon Business Services Co Affiliate | ||||
Related Party Transaction [Line Items] | ||||
Related party transaction capitalized costs support services | $ 159 | $ 165 | $ 317 | $ 340 |
Exelon Business Services Co Affiliate | Commonwealth Edison Co | ||||
Related Party Transaction [Line Items] | ||||
Operating and maintenance from affiliates | 104 | 88 | 204 | 171 |
Related party transaction capitalized costs support services | 63 | 78 | 134 | 159 |
Exelon Business Services Co Affiliate | PECO Energy Co | ||||
Related Party Transaction [Line Items] | ||||
Operating and maintenance from affiliates | 61 | 54 | 119 | 105 |
Related party transaction capitalized costs support services | 29 | 30 | 58 | 60 |
Exelon Business Services Co Affiliate | Baltimore Gas and Electric Company | ||||
Related Party Transaction [Line Items] | ||||
Operating and maintenance from affiliates | 62 | 54 | 121 | 108 |
Related party transaction capitalized costs support services | 25 | 22 | 49 | 46 |
Exelon Business Services Co Affiliate | Pepco Holdings LLC | ||||
Related Party Transaction [Line Items] | ||||
Operating and maintenance from affiliates | 49 | 43 | 99 | 85 |
Related party transaction capitalized costs support services | 42 | 35 | 76 | 75 |
Exelon Business Services Co Affiliate | Potomac Electric Power Company | ||||
Related Party Transaction [Line Items] | ||||
Operating and maintenance from affiliates | 32 | 28 | 63 | 55 |
Related party transaction capitalized costs support services | 18 | 14 | 35 | 28 |
Exelon Business Services Co Affiliate | Delmarva Power and Light Company | ||||
Related Party Transaction [Line Items] | ||||
Operating and maintenance from affiliates | 20 | 18 | 39 | 35 |
Related party transaction capitalized costs support services | 13 | 10 | 25 | 20 |
Exelon Business Services Co Affiliate | Atlantic City Electric Company | ||||
Related Party Transaction [Line Items] | ||||
Operating and maintenance from affiliates | 16 | 15 | 32 | 29 |
Related party transaction capitalized costs support services | 10 | 12 | 15 | 26 |
PHI Service Co Affiliate | ||||
Related Party Transaction [Line Items] | ||||
Related party transaction capitalized costs support services | 29 | 25 | 58 | 49 |
PHI Service Co Affiliate | Pepco Holdings LLC | ||||
Related Party Transaction [Line Items] | ||||
Operating and maintenance from affiliates | 0 | 0 | 0 | 0 |
Related party transaction capitalized costs support services | 29 | 25 | 58 | 49 |
PHI Service Co Affiliate | Potomac Electric Power Company | ||||
Related Party Transaction [Line Items] | ||||
Operating and maintenance from affiliates | 33 | 30 | 66 | 60 |
Related party transaction capitalized costs support services | 12 | 10 | 24 | 21 |
PHI Service Co Affiliate | Delmarva Power and Light Company | ||||
Related Party Transaction [Line Items] | ||||
Operating and maintenance from affiliates | 26 | 25 | 51 | 49 |
Related party transaction capitalized costs support services | 8 | 8 | 17 | 15 |
PHI Service Co Affiliate | Atlantic City Electric Company | ||||
Related Party Transaction [Line Items] | ||||
Operating and maintenance from affiliates | 25 | 22 | 48 | 44 |
Related party transaction capitalized costs support services | $ 9 | $ 7 | $ 17 | $ 13 |
Related Party Transactions - Cu
Related Party Transactions - Current Receivables From/Payables To Affiliates (Details) - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Related Party | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | $ 264 | $ 251 |
Accounts payable | 5 | 5 |
Commonwealth Edison Co | Affiliated Entity | ||
Related Party Transaction [Line Items] | ||
Accounts payable | 76 | 72 |
Commonwealth Edison Co | PECO Energy Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
Commonwealth Edison Co | Baltimore Gas And Electric Company Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
Commonwealth Edison Co | Pepco Holdings LLC Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
Commonwealth Edison Co | Potomac Electric Power Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
Commonwealth Edison Co | Delmarva Power and Light Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
Commonwealth Edison Co | Atlantic City Electric Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
Commonwealth Edison Co | Other Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 4 | 3 |
Commonwealth Edison Co | Related Party | ||
Related Party Transaction [Line Items] | ||
Accounts payable | 76 | 72 |
Receivables from affiliates | 4 | 3 |
PECO Energy Co | Affiliated Entity | ||
Related Party Transaction [Line Items] | ||
Accounts payable | 39 | 39 |
PECO Energy Co | Commonwealth Edison Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 1 | 0 |
PECO Energy Co | Baltimore Gas And Electric Company Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
PECO Energy Co | Pepco Holdings LLC Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
PECO Energy Co | Potomac Electric Power Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
PECO Energy Co | Delmarva Power and Light Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 1 |
PECO Energy Co | Atlantic City Electric Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 1 |
PECO Energy Co | Other Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
PECO Energy Co | Related Party | ||
Related Party Transaction [Line Items] | ||
Accounts payable | 39 | 39 |
Receivables from affiliates | 1 | 2 |
Baltimore Gas and Electric Company | Affiliated Entity | ||
Related Party Transaction [Line Items] | ||
Accounts payable | 37 | 35 |
Baltimore Gas and Electric Company | Commonwealth Edison Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
Baltimore Gas and Electric Company | PECO Energy Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
Baltimore Gas and Electric Company | Pepco Holdings LLC Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
Baltimore Gas and Electric Company | Potomac Electric Power Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
Baltimore Gas and Electric Company | Delmarva Power and Light Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
Baltimore Gas and Electric Company | Atlantic City Electric Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
Baltimore Gas and Electric Company | Other Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
Baltimore Gas and Electric Company | Related Party | ||
Related Party Transaction [Line Items] | ||
Accounts payable | 37 | 35 |
Receivables from affiliates | 0 | 0 |
Pepco Holdings LLC | Affiliated Entity | ||
Related Party Transaction [Line Items] | ||
Accounts payable | 18 | 15 |
Pepco Holdings LLC | Related Party | ||
Related Party Transaction [Line Items] | ||
Accounts payable | 62 | 59 |
Receivables from affiliates | 3 | 3 |
Potomac Electric Power Company | Affiliated Entity | ||
Related Party Transaction [Line Items] | ||
Accounts payable | 37 | 32 |
Potomac Electric Power Company | Commonwealth Edison Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
Potomac Electric Power Company | PECO Energy Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
Potomac Electric Power Company | Baltimore Gas And Electric Company Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
Potomac Electric Power Company | Pepco Holdings LLC Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
Potomac Electric Power Company | Delmarva Power and Light Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
Potomac Electric Power Company | Atlantic City Electric Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 1 |
Potomac Electric Power Company | Other Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 1 |
Potomac Electric Power Company | Related Party | ||
Related Party Transaction [Line Items] | ||
Accounts payable | 37 | 32 |
Receivables from affiliates | 0 | 2 |
Delmarva Power and Light Company | Affiliated Entity | ||
Related Party Transaction [Line Items] | ||
Accounts payable | 26 | 25 |
Delmarva Power and Light Company | Commonwealth Edison Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
Delmarva Power and Light Company | PECO Energy Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
Delmarva Power and Light Company | Baltimore Gas And Electric Company Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
Delmarva Power and Light Company | Pepco Holdings LLC Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
Delmarva Power and Light Company | Potomac Electric Power Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
Delmarva Power and Light Company | Atlantic City Electric Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 1 |
Delmarva Power and Light Company | Other Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
Delmarva Power and Light Company | Related Party | ||
Related Party Transaction [Line Items] | ||
Accounts payable | 26 | 25 |
Receivables from affiliates | 0 | 1 |
Atlantic City Electric Company | Affiliated Entity | ||
Related Party Transaction [Line Items] | ||
Accounts payable | 24 | 25 |
Atlantic City Electric Company | Commonwealth Edison Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
Atlantic City Electric Company | PECO Energy Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
Atlantic City Electric Company | Baltimore Gas And Electric Company Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
Atlantic City Electric Company | Pepco Holdings LLC Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
Atlantic City Electric Company | Potomac Electric Power Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
Atlantic City Electric Company | Delmarva Power and Light Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
Atlantic City Electric Company | Other Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 3 | 3 |
Atlantic City Electric Company | Related Party | ||
Related Party Transaction [Line Items] | ||
Accounts payable | 24 | 25 |
Receivables from affiliates | 3 | 3 |
Business Services Company | Commonwealth Edison Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 67 | 64 |
Business Services Company | PECO Energy Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 35 | 36 |
Business Services Company | Baltimore Gas And Electric Company Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 36 | 33 |
Business Services Company | Pepco Holdings LLC Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 7 | 5 |
Business Services Company | Potomac Electric Power Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 20 | 17 |
Business Services Company | Delmarva Power and Light Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 12 | 12 |
Business Services Company | Atlantic City Electric Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 10 | 11 |
Business Services Company | Other Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 1 |
Business Services Company | Related Party | ||
Related Party Transaction [Line Items] | ||
Receivables from affiliates | 187 | 179 |
PHI Service Company | Commonwealth Edison Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
PHI Service Company | PECO Energy Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
PHI Service Company | Baltimore Gas And Electric Company Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
PHI Service Company | Pepco Holdings LLC Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 1 | 0 |
PHI Service Company | Potomac Electric Power Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 17 | 14 |
PHI Service Company | Delmarva Power and Light Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 13 | 11 |
PHI Service Company | Atlantic City Electric Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 12 | 11 |
PHI Service Company | Other Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 0 |
PHI Service Company | Related Party | ||
Related Party Transaction [Line Items] | ||
Receivables from affiliates | 43 | 36 |
Other Legal Entities | Affiliated Entity | ||
Related Party Transaction [Line Items] | ||
Accounts payable | 7 | 8 |
Other Legal Entities | Commonwealth Edison Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 8 | 8 |
Other Legal Entities | PECO Energy Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 4 | 3 |
Other Legal Entities | Baltimore Gas And Electric Company Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 1 | 2 |
Other Legal Entities | Pepco Holdings LLC Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 10 | 10 |
Other Legal Entities | Potomac Electric Power Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 0 | 1 |
Other Legal Entities | Delmarva Power and Light Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 1 | 1 |
Other Legal Entities | Atlantic City Electric Co Affiliate | ||
Related Party Transaction [Line Items] | ||
Related party transaction, due from (to) related party, current | 2 | 0 |
Other Legal Entities | Related Party | ||
Related Party Transaction [Line Items] | ||
Receivables from affiliates | $ 26 | $ 25 |
Related Party Transactions - Lo
Related Party Transactions - Long Term Debt to Financing Trusts (Details) - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023 |
Related Party Transaction [Line Items] | ||
Long-term debt to financing trusts | $ 390 | $ 390 |
ComEd Financing Three Affiliate | ||
Related Party Transaction [Line Items] | ||
Long-term debt to financing trusts | 206 | 206 |
PECO Trust Three Affiliate | ||
Related Party Transaction [Line Items] | ||
Long-term debt to financing trusts | 81 | 81 |
PECO Trust Four Affiliate | ||
Related Party Transaction [Line Items] | ||
Long-term debt to financing trusts | 103 | 103 |
Related Party | ||
Related Party Transaction [Line Items] | ||
Long-term debt to financing trusts | 390 | 390 |
Commonwealth Edison Co | ComEd Financing Three Affiliate | ||
Related Party Transaction [Line Items] | ||
Long-term debt to financing trusts | 206 | 205 |
Commonwealth Edison Co | PECO Trust Three Affiliate | ||
Related Party Transaction [Line Items] | ||
Long-term debt to financing trusts | 0 | 0 |
Commonwealth Edison Co | PECO Trust Four Affiliate | ||
Related Party Transaction [Line Items] | ||
Long-term debt to financing trusts | 0 | 0 |
Commonwealth Edison Co | Related Party | ||
Related Party Transaction [Line Items] | ||
Long-term debt to financing trusts | 206 | 205 |
PECO Energy Co | ComEd Financing Three Affiliate | ||
Related Party Transaction [Line Items] | ||
Long-term debt to financing trusts | 0 | 0 |
PECO Energy Co | PECO Trust Three Affiliate | ||
Related Party Transaction [Line Items] | ||
Long-term debt to financing trusts | 81 | 81 |
PECO Energy Co | PECO Trust Four Affiliate | ||
Related Party Transaction [Line Items] | ||
Long-term debt to financing trusts | 103 | 103 |
PECO Energy Co | Related Party | ||
Related Party Transaction [Line Items] | ||
Long-term debt to financing trusts | $ 184 | $ 184 |