Accounts Receivable (Tables)

6 Months Ended

Jun. 30, 2023

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, 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(a)	31		6		9		7		9		3		2		4
Balance at June 30, 2023	$	323	$	67	$	101	$	50	$	105	$	50	$	21	$	34
	Three Months Ended June 30, 2022
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance at March 31, 2022	$	389	$	92	$	125	$	59	$	113	$	40	$	24	$	49
Plus: Current period (benefit) provision for expected credit losses	(9)		(5)		(10)		2		4		5		—		(1)
Less: Write-offs, net of recoveries	26		6		8		4		8		3		2		3
Balance at June 30, 2022	$	354	$	81	$	107	$	57	$	109	$	42	$	22	$	45
	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(b)(c) of recoveries(a)	75		13		22		18		22		10		4		8
Balance at June 30, 2023	$	323	$	67	$	101	$	50	$	105	$	50	$	21	$	34
	Six Months Ended June 30, 2022
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance at December 31, 2021	$	320	$	73	$	105	$	38	$	104	$	37	$	18	$	49
Plus: Current period provision for expected credit losses	101		21		21		28		31		16		7		8
Less: Write-offs, net of recoveries	67		13		19		9		26		11		3		12
Balance at June 30, 2022	$	354	$	81	$	107	$	57	$	109	$	42	$	22	$	45

__________

(a)Recoveries were not material to the Registrants.

(b)For PECO, the change in write-offs is primarily a result of increased disconnection activities.

(c)For ACE, the change in write-offs is primarily related to the termination of the moratoriums in New Jersey, which beginning in March 2020, prevented customer disconnections for non-payment. With disconnection activities restarting in January 2022, write-offs of aging accounts receivable increased during the year.

The following tables present the rollforward of Allowance for Credit Losses on Other Accounts Receivable.

	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(a)	5		1		1		2		1		—		—		1
Balance at June 30, 2023	$	87	$	18	$	8	$	8	$	53	$	31	$	9	$	13
	Three Months Ended June 30, 2022
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance at March 31, 2022	$	81	$	20	$	9	$	11	$	41	$	18	$	9	$	14
Plus: Current period provision (benefit) for expected credit losses	2		(2)		2		1		1		2		(1)		—
Less: Write-offs, net of recoveries	2		—		1		1		—		—		—		—
Balance at June 30, 2022	$	81	$	18	$	10	$	11	$	42	$	20	$	8	$	14
	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(a)	10		2		2		4		2		—		—		2
Balance at June 30, 2023	$	87	$	18	$	8	$	8	$	53	$	31	$	9	$	13
	Six Months Ended June 30, 2022
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance at December 31, 2021	$	72	$	17	$	7	$	9	$	39	$	16	$	8	$	15
Plus: Current period provision for expected credit losses	15		2		4		4		5		4		—		1
Less: Write-offs, net of recoveries	6		1		1		2		2		—		—		2
Balance at June 30, 2022	$	81	$	18	$	10	$	11	$	42	$	20	$	8	$	14

__________

(a)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, 2023 and December 31, 2022.

	Unbilled customer revenues(a)
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
June 30, 2023	$	789	$	329	$	144	$	116	$	200	$	96	$	37	$	67
December 31, 2022	912		223		219		247		223		103		74		46

__________

(a)Unbilled customer revenues are classified in Customer accounts receivable, net in the Registrants' Consolidated Balance Sheets.

Purchases of accounts receivable

The Utility Registrants are 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 participate 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, 2023	$	1,979		$	445	$	546	$	420		$	568	$	371	$	107	$	90
Six months ended June 30, 2022	1,911		(a)	456		518		391		(a)	546		342		104		100

__________

(a)Includes $4 million of receivables purchased from Generation prior to the separation on February 1, 2022 for the six months ended June 30, 2022.