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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - ACE - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating revenues        
Revenues from alternative revenue programs $ 108 $ 64 $ 513 $ 92
Total operating revenues 5,980 4,845 16,360 14,412
Operating expenses        
Operating and maintenance 1,187 1,148 3,535 3,436
Depreciation and amortization 890 825 2,616 2,472
Taxes other than income taxes 383 377 1,063 1,061
Total operating expenses 4,857 3,834 13,429 11,804
Gain (loss) on sale of assets and businesses 0 0 0 (2)
Operating income 1,123 1,011 2,931 2,606
Other income and (deductions)        
Interest expense, net (431) (359) (1,259) (1,044)
Other, net 81 122 331 435
Total other income and (deductions) (356) (243) (946) (628)
Income before income taxes 767 768 1,985 1,978
Income taxes 67 92 274 356
Net income 700 676 1,711 1,739
Comprehensive income 734 685 1,753 1,774
Related Party        
Operating expenses        
Purchased power from affiliate 0 0 0 159
Other income and (deductions)        
Interest expense to affiliates (6) (6) (18) (19)
Atlantic City Electric Company        
Operating revenues        
Revenues from alternative revenue programs 5 (3) 21 (14)
Total operating revenues 502 462 1,172 1,120
Operating expenses        
Operating and maintenance 56 47 147 145
Depreciation and amortization 77 74 212 192
Taxes other than income taxes 2 2 7 7
Total operating expenses 394 353 971 947
Operating income 108 109 201 173
Other income and (deductions)        
Interest expense, net (19) (17) (52) (49)
Other, net 5 3 13 9
Total other income and (deductions) (14) (14) (39) (40)
Income before income taxes 94 95 162 133
Income taxes 23 1 40 2
Net income 71 94 122 131
Comprehensive income 71 94 122 131
Atlantic City Electric Company | Related Party        
Operating revenues        
Operating revenues from affiliates 0 0 1 2
Operating expenses        
Purchased power from affiliate 0 0 0 2
Operating and maintenance from affiliates 38 33 112 106
Electricity, US Regulated        
Operating revenues        
Electric operating revenues 5,684 4,557 14,579 12,972
Operating expenses        
Purchased power and/or fuel 2,364 1,404 5,766 4,152
Electricity, US Regulated | Atlantic City Electric Company        
Operating revenues        
Electric operating revenues 497 465 1,150 1,132
Operating expenses        
Purchased power and/or fuel 221 197 493 495
Natural Gas, US Regulated        
Operating revenues        
Electric operating revenues 188 224 1,268 1,348
Operating expenses        
Purchased power and/or fuel $ 33 $ 80 $ 449 $ 524