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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2012
Commitments And Contingencies Tables Disclosure [Line Items]  
Utility Energy Purchase Commitments [Text Block]
    Expiration within
                   2018
 Total  2013 2014 2015 2016 2017 and beyond
                     
ComEd                    
Electric supply procurement(a)$ 1,103 $ 367 $ 323 $ 136 $ 137 $ 140 $ -
Renewable energy and RECs(b)  1,661   71   73   74   76   82   1,285
PECO                    
Electric supply procurement(c)  799   561   200   38   -   -   -
AECs  33   12   9   2   2   2   6
BGE                    
Electric supply procurement(d)  1,401   859   467   75   -   -   -
Curtailment services  153   49   47   41   16   -   -

_________________

  • ComEd entered into various contracts for the procurement of electricity that started to expire in 2012, and will continue to expire through 2017. ComEd is permitted to recover its electric supply procurement costs from retail customers with no mark-up. See Note 3 – Regulatory Matters for additional information.
  • ComEd entered into 20-year contracts for renewable energy and RECs beginning June 2012. ComEd is permitted to recover its renewable energy and REC costs from retail customers with no mark-up. Per the ICC's Final Commission Order on December 19, 2012, the quantities purchased under these long-term renewable contracts should be curtailed during the June 2013 – May 2014 period to avoid exceeding the statutory rate impact for affected customers as a result of an increased number of ComEd's customers purchasing their energy from alternative energy suppliers. See Note 3 – Regulatory Matters for additional information.
  • PECO entered into various contracts for the procurement of electric supply to serve its default service customers that expire between 2013 and 2015. PECO is permitted to recover its electric supply procurement costs from default service customers with no mark-up in accordance with its PAPUC-approved DSP Programs. See Note 3 – Regulatory Matters for additional information.
  • BGE entered into various contracts for the procurement of electricity beginning 2012 through 2015. The cost of power under these contracts is recoverable under MDPSC approved fuel clauses. See Note 3 – Regulatory Matters for additional information.

 

Fuel Purchase Commitments [Text Block]
    Expiration within
                   2018
 Total  2013 2014 2015 2016 2017 and beyond
                     
Generation$ 8,857 $ 1,276 $ 1,207 $ 1,272 $ 976 $ 1,064 $ 3,062
PECO  444   145   87   71   49   15   77
BGE  654   133   73   54   52   52   290
Commercial Commitments [Text Block]
    Expiration within
              2018
  Total 20132014201520162017and beyond
                
Letters of credit (non-debt) (a)$ 1,889$ 1,325$$ 564$$$
Surety bonds (b)  286  225   1  6  4  50
Performance guarantees (c)  1,897  908  203     786
Energy marketing contract               
 guarantees (d)  8,556  8,556     
Lease guarantees (e)  48       48
Middle market lending commitments (f)  180  180     
Nuclear insurance premiums (g)  2,494       2,494
                
Total commercial commitments$ 15,350$ 11,194$ 203$ 565$ 6$ 4$ 3,378

 

(a)       Letters of credit (non-debt) - 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.

(c)       Performance guarantees - Guarantees issued to ensure performance under specific contracts, including $211 million issued on behalf of CENG nuclear generating facilities for credit support, $200 million of Trust Preferred Securities of ComEd Financing III, $178 million of Trust Preferred Securities of PECO Trust III and IV and $250 million of Trust Preferred Securities of BGE Capital Trust II.

(d)       Energy marketing contract guarantees - Guarantees issued to ensure performance under energy commodity contracts. Amount includes approximately $8.3 billion of guarantees previously issued by Constellation on behalf of its Generation and NewEnergy business to allow it the flexibility needed to conduct business with counterparties without having to post other forms of collateral. The majority of these guarantees contain evergreen provisions that require the guarantee to remain in effect until cancelled. Exelon's estimated net exposure for obligations under commercial transactions covered by these guarantees is approximately $1.5 billion at December 31, 2012, which represents the total amount Exelon could be required to fund based on December 31, 2012 market prices.

(e)       Lease guarantees - Guarantees issued to ensure payments on building leases.

(f)       Middle market lending commitments – Represents commitments to investment in loans or managed funds which invest in private companies. These commitments will be funded by Generation's existing nuclear decommissioning trust funds. See Note 9 – Fair Value of Financial Assets and Liabilities for more information on nuclear decommissioning trust funds and middle market lending.

(g)       Nuclear insurance premiums - Represents the maximum amount that Generation would be required to pay for retrospective premiums in the event of nuclear disaster at any domestic site under the Secondary Financial Protection pool as required under the Price-Anderson Act as well as the current aggregate annual retrospective premium obligation that could be imposed by NEIL. See the Nuclear Insurance section within this note for additional details on Generation's nuclear insurance premiums.

 

Operating Leases Of Lessee Disclosure [Text Block]
 Exelon  Generation  ComEd (b) PECO (b) BGE (b)(c)
               
2013$ 88 $ 38 $ 13 $ 14 $ 12
2014  83   38   11   13   10
2015  73   38   11   3   9
2016  69   36   11   3   7
2017  63   36   6   3   6
Remaining years  488   367   57     29
               
Total minimum future lease payments$ 864(a)$ 553(a)$ 109 $ 36 $ 73

 

(a)       Excludes Generation's PPAs and other capacity contracts that are accounted for as contingent operating lease payments.

(b) Amounts related to certain real estate leases and railroad licenses effectively have indefinite payment periods. As a result, ComEd, PECO and BGE have excluded these payments from the remaining years, as such amounts would not be meaningful. ComEd's annual obligation for these arrangements, included in each of the years 2013 - 2017, was $1 million. PECO's annual obligation for these agreements, included in each of the years 2013 - 2017, was $3 million. BGE's annual obligation for these agreements, included in each of the years 2013 - 2017, was $1 million.

(c)       Includes all future lease payments on a 99 year real estate lease that expires in 2105.

 

Operating Leases Rent Expense [Text Block]
For the Year Ended December 31,Exelon  Generation (a) ComEd  PECO  BGE
               
2012$ 930 $ 872 $ 18 $ 27 $ 12
2011  711   659   18   28   15
2010  722   665   19   31   13

 

(a)       Includes Generation's PPAs and other capacity contracts that are accounted for as operating leases and are reflected as net capacity purchases in the energy commitments table above. These agreements are considered contingent operating lease payments and are not included in the minimum future operating lease payments table above. Payments made under Generation's PPAs and other capacity contracts totaled $801 million, $630 million and $641 million during 2012, 2011 and 2010, respectively.

 

Accrued environmental liabilities [Text Block]
 Total environmental investigation Portion of total related to MGP
December 31, 2012and remediation reserve  investigation and remediation
          
Exelon $ 338   $ 298 
Generation   30     - 
ComEd   260     254 
PECO   47     44 
BGE   1     - 
          
 Total environmental investigation Portion of total related to MGP
December 31, 2011and remediation reserve  investigation and remediation
          
Exelon $ 224   $ 168 
Generation   47     - 
ComEd   127     121 
PECO   50     47 
BGE   -     - 
Other Purchase Obligation [Table Text Block]
    Expiration within
                   2018
 Total  2013 2014 2015 2016 2017 and beyond
                     
Exelon$ 716 $ 186 $ 167 $ 114 $ 51 $ 49 $ 149
Generation  487   127   120   94   32   29   85
ComEd  8   2   6        
PECO  45   17   18   1   1   1   7
BGE             
Exelon Generation Co L L C [Member]
 
Commitments And Contingencies Tables Disclosure [Line Items]  
Energy Commitments [Text Block]
 Net Capacity Power-Related Transmission Rights Purchased Energy  
 Purchases (a)  Purchases (b)  Purchases (c)  from CENG Total
                        
2013 $ 374   $ 95   $ 28   $ 777  $1,274 
2014   353     69     26     516   964 
2015   350     25     13       388 
2016   266     11     2       279 
2017   203     3     2       208 
Thereafter   469     5     34        508 
                        
Total $ 2,015   $ 208   $ 105   $ 1,293  $ 3,621 

(a)       Net capacity purchases include PPAs and other capacity contracts including those that are accounted for as operating leases. Amounts presented in the commitments represent Generation's expected payments under these arrangements at December 31, 2012, net of fixed capacity payments expected to be received by Generation under contracts to resell such acquired capacity to third parties under long-term capacity sale contracts. Expected payments include certain capacity charges which are contingent on plant availability.

(b)       Power-Related Purchases include firm REC purchase agreements. The table excludes renewable energy purchases that are contingent in nature.

(c)       Transmission rights purchases include estimated commitments for additional transmission rights that will be required to fulfill firm sales contracts.

 

Commercial Commitments [Text Block]
    Expiration within
              2018
  Total 20132014201520162017and beyond
                
Letters of credit (non-debt) (a)$ 1,841$ 1,278$$ 563$$$
Performance guarantees (b)  1,153  907  203     43
Energy marketing contract guarantees (c)  1,794  1,794     
Middle market lending commitments (d)  180  180     
Nuclear insurance premiums (e)  2,494       2,494
                
Total commercial commitments$ 7,462$ 4,159$ 203$ 563$$$ 2,537

 

(a)       Letters of credit (non-debt) - Non-debt letters of credit maintained to provide credit support for certain transactions as requested by third parties.

(b)       Performance guarantees - Guarantees issued to ensure performance under specific contracts including $211 million issued on behalf of CENG nuclear generating facilities for credit support.

(c)       Energy marketing contract guarantees - Guarantees issued to ensure performance under energy commodity contracts. Amount includes approximately $1.5 billion of guarantees previously issued by Constellation on behalf of its Generation and NewEnergy business to allow it the flexibility needed to conduct business with counterparties without having to post other forms of collateral. The majority of these guarantees contain evergreen provisions that require the guarantee to remain in effect until cancelled. Generation's estimated net exposure for obligations under commercial transactions covered by these guarantees is approximately $0.6 billion at December 31, 2012, which represents the total amount Generation could be required to fund based on December 31, 2012 market prices.

(d)       Middle market lending commitments – Represents commitments to investment in loans or managed funds which invest in private companies. These commitments will be funded by Generation's existing nuclear decommissioning trust funds. See Note 9 – Fair Value of Financial Assets and Liabilities for more information on nuclear decommissioning trust funds and middle market lending.

(e)       Nuclear insurance premiums - Represents the maximum amount that Generation would be required to pay for retrospective premiums in the event of nuclear disaster at any domestic site under the Secondary Financial Protection pool as required under the Price-Anderson Act as well as the current aggregate annual retrospective premium obligation that could be imposed by NEIL. See Nuclear Insurance section within this note for additional details on Generation's nuclear insurance premiums.

 

Commonwealth Edison Co [Member]
 
Commitments And Contingencies Tables Disclosure [Line Items]  
Commercial Commitments [Text Block]
     Expiration within
                    2018
  Total  2013 2014 2015 2016 2017 and beyond
                      
Letters of credit (non-debt) (a)$ 22 $ 22 $ $ $ $ $
Surety bonds (b)  8   8          
Performance guarantees (c)  200             200
                      
Total commercial commitments$ 230 $ 30 $ $ $ $ $ 200

 

(a)       Letters of credit (non-debt) - ComEd maintains 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.

(c)       Reflects full and unconditional guarantees of Trust Preferred Securities of ComEd Financing III which is a 100% owned finance subsidiary of ComEd.

 

PECO Energy Co [Member]
 
Commitments And Contingencies Tables Disclosure [Line Items]  
Commercial Commitments [Text Block]
     Expiration within
                    2018
  Total  2013 2014 2015 2016 2017 and beyond
                      
Letters of credit (non-debt) (a)$ 22 $ 22 $ $ $ $ $
Surety bonds (b)  3   3          
Performance guarantees(c)  178             178
                      
Total commercial commitments$ 203 $ 25 $ $ $ $ $ 178

 

(a)       Letters of credit (non-debt) - PECO maintains 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.

(c)       Reflects full and unconditional guarantees of Trust Preferred Securities of PECO Trust III and IV, which is a 100% owned finance subsidiary of PECO.

 

Baltimore Gas and Electric Company [Member]
 
Commitments And Contingencies Tables Disclosure [Line Items]  
Commercial Commitments [Text Block]
     Expiration within
                    2018
  Total  2013 2014 2015 2016 2017 and beyond
                      
Letters of credit (non-debt) (a)$ 2 $ 2 $ $ $ $ $
Surety bonds (b)  2   2          
Performance guarantees (c)  250             250
                      
Total commercial commitments$ 254 $ 4 $ $ $ $ $ 250

 

  • Letters of credit (non-debt) - BGE maintains non-debt letters of credit to provide credit support for certain transactions as requested by third parties.
  • Surety bond – Guarantees issued related to contract and commercial agreements, excluding bid bonds.
  • Reflects full and unconditional guarantees of Trust Preferred Securities of BGE Capital Trust II which is a 100% owned finance subsidiary of BGE.