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Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule Of Goodwill
Exelon’s, Generation's, ComEd’s, PHI's, and DPL's gross amount of goodwill, accumulated impairment losses and carrying amount of goodwill for the years ended December 31, 2016 and 2015 were as follows:

 
Balance at January 1, 2015
 
Impairment losses
 
Balance at December 31, 2015
 
Goodwill from business combination
 
Impairment losses
 
Measurement period adjustments(b)
 
Balance at December 31, 2016
Exelon
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross amount
$
4,655

 
$
—

 
$
4,655

 
$
4,016

 
$
—

 
$
(11
)
 
$
8,660

Accumulated impairment loss
1,983

 
—

 
1,983

 
—

 
—

 
—

 
1,983

Carrying amount
2,672

 
—

 
2,672

 
4,016

 
—

 
(11
)
 
6,677

Generation
 
 
 
 
 
 
 
 
 
 
 
 

Gross amount
47

 
—

 
47

 
—

 
—

 
—

 
47

Carrying amount
47

 
—

 
47

 
—

 
—

 
—

 
47

ComEd(a)
 
 
 
 
 
 
 
 
 
 
 
 

Gross amount
4,608

 
—

 
4,608

 
—

 
—

 
—

 
4,608

Accumulated impairment loss
1,983

 
—

 
1,983

 
—

 
—

 
—

 
1,983

Carrying amount
2,625

 
—

 
2,625

 
—

 
—

 
—

 
2,625

DPL
 
 
 
 
 
 
 
 
 
 
 
 

Gross amount
8

 
—

 
8

 
—

 
—

 
—

 
8

Carrying amount
8

 
—

 
8

 
—

 
—

 
—

 
8



March 24, 2016 to December 31, 2016
Beginning Balance
 
Goodwill from business combination
 
Impairment losses
 
Measurement period adjustments(b)
 
Ending Balance
PHI - Successor
 
 
 
 
 
 
 
 
 
Gross amount
$
—

 
$
4,016

 
$
—

 
$
(11
)
 
$
4,005

Accumulated impairment loss
—

 
—

 
—

 
—

 
—

Carrying amount
—

 
4,016

 
—

 
(11
)
 
4,005

 
 
 
 
 
 
 
 
 
 
January 1, 2016 to March 23, 2016
 
 
 
 
 
 
 
 
 
PHI - Predecessor
 
 
 
 
 
 
 
 
 
Gross amount
1,418

 
—

 
—

 
—

 
1,418

Accumulated impairment loss
12

 
—

 
—

 
—

 
12

Carrying amount
1,406

 
—

 
—

 
—

 
1,406

 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2015
 
 
 
 
 
 
 
 
 
PHI - Predecessor
 
 
 
 
 
 
 
 
 
Gross amount
1,425

 
—

 
(7
)
 
—

 
1,418

Accumulated impairment loss
18

 
—

 
(6
)
 
—

 
12

Carrying amount
1,407

 
—

 
(1
)
 
—

 
1,406

______________________
(a)
Reflects goodwill recorded in 2000 from the PECO/Unicom (predecessor parent company of ComEd) merger net of amortization, resolution of tax matters and other non-impairment-related changes as allowed under previous authoritative guidance.
Schedule of Finite-Lived Intangible Assets
Exelon’s, Generation’s, ComEd’s and PHI's other intangible assets and liabilities, included in Unamortized energy contract assets and liabilities and Other deferred debits and other assets in their Consolidated Balance Sheets, consisted of the following as of December 31, 2016:
 
 
Weighted
Average
Amortization
Years (l)
 
 
 
 
 
 
 
Estimated amortization expense
 
 
Gross
 
Accumulated
Amortization
 
Net
 
2017
 
2018
 
2019
 
2020
 
2021
Exelon
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Software License Agreement (a)
10.0
 
$
95

 
$
(15
)
 
$
80

 
$
10

 
$
10

 
$
10

 
$
10

 
$
10

Generation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unamortized Energy Contracts (b)
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
Exelon Wind (c)
18.0
 
224

 
(83
)
 
141

 
14

 
14

 
14

 
10

 
10

Antelope Valley (d)
25
 
190

 
(28
)
 
162

 
8

 
8

 
8

 
8

 
8

Constellation (e)
1.5
 
1,499

 
(1,440
)
 
59

 
(21
)
 
11

 
8

 
10

 
10

CENG (f)
1.7
 
(97
)
 
59

 
(38
)
 
(15
)
 
(18
)
 
(15
)
 
(8
)
 
(4
)
Integrys (g)
2.4
 
5

 
(3
)
 
2

 
1

 
1

 
—

 
—

 
—

ConEdison (h)
1.5
 
100

 
(53
)
 
47

 
37

 
7

 
2

 
1

 
—

Service Contract Backlog
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PES (h)
1.0
 
9

 
(7
)
 
2

 
2

 
—

 
—

 
—

 
—

Customer Relationships (i)
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
Constellation (e)
12.4
 
214

 
(94
)
 
120

 
18

 
18

 
17

 
17

 
17

Integrys (g)
10.0
 
50

 
(11
)
 
39

 
5

 
5

 
5

 
5

 
5

PES (h)
15.0
 
12

 
(1
)
 
11

 
1

 
1

 
1

 
1

 
1

ConEdison (h)
10.0
 
9

 
—

 
9

 
1

 
1

 
1

 
1

 
1

Trade Names
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
Constellation (e)
10.0
 
243

 
(125
)
 
118

 
23

 
23

 
23

 
23

 
23

ComEd
 
 

 

 


 
 
 
 
 
 
 
 
 
 
Chicago settlement—1999 agreement (j)
21.8
 
100

 
(86
)
 
14

 
3

 
3

 
3

 
3

 
—

Chicago settlement—2003 agreement (k)
17.9
 
62

 
(47
)
 
15

 
4

 
4

 
4

 
4

 
—

PHI
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unamortized Energy Contracts (h)
6.8
 
(1,515
)
 
430

 
(1,085
)
 
(335
)
 
(189
)
 
(119
)
 
(115
)
 
(92
)
Pepco
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
DC Sponsorship Agreement (m)
0
 
25

 
—

 
25

 
—

 
—

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
$
1,225

 
$
(1,504
)
 
$
(279
)
 
$
(244
)
 
$
(101
)
 
$
(38
)
 
$
(30
)
 
$
(11
)
_________________________
(a)
On May 31, 2015, Exelon entered into a long-term software license agreement.  Exelon is required to make payments starting August 2015 through May 2024.  The intangible asset recognized as a result of these payments is being amortized on a straight-line basis over the contract term.
(b)
Includes unamortized energy contract assets and liabilities on Exelon's and Generation's Consolidated Balance Sheets. Excludes $10 million of other miscellaneous unamortized energy contracts that have been acquired at various points in time. The estimated amortization for these miscellaneous unamortized energy contracts is $(9) million, $(7) million, $(6) million, $(2) million and $4 million for 2017, 2018, 2019, 2020 and 2021, respectively.
(c)
In December 2010, Generation acquired all of the equity interests of John Deere Renewables, LLC (later named Exelon Wind), adding 735 MWs of installed, operating wind capacity located in eight states.
(d)
In September 2011, Generation acquired all of the interest in Antelope Valley Solar Ranch One, a 242 MW solar project in northern Los Angeles County, CA from First Solar, Inc.
(e)
On March 12, 2012, Constellation merged into Exelon with Exelon continuing as the surviving corporation pursuant to the transactions contemplated by the Agreement and Plan of Merger. Since the merger transaction, Generation includes the former Constellation generation and customer supply operations.
(f)
See Note 5—Investment in Constellation Energy Nuclear Group, LLC for additional information.
(g)
On November 1, 2014, Generation acquired the competitive retail electric and natural gas business activities of Integrys Energy Group, Inc.
(h)
See Note 4—Mergers, Acquisitions, and Dispositions for additional information.
(i)
Excludes $11 million of other miscellaneous customer relationships that have been acquired. The estimated amortization for these miscellaneous customer relationships is $1 million in each of the years from 2017 to 2021.
(j)
In March 1999, ComEd entered into a settlement agreement with the City of Chicago associated with ComEd’s franchise agreement. Under the terms of the settlement, ComEd agreed to make payments to the City of Chicago each year from 1999 to 2002. The intangible asset recognized as a result of these payments is being amortized ratably over the remaining term of the franchise agreement, which ends in 2020.
(k)
In February 2003, ComEd entered into separate agreements with the City of Chicago and with Midwest Generation, LLC (Midwest Generation). Under the terms of the settlement agreement with the City of Chicago, ComEd agreed to pay the City of Chicago a total of $60 million over a ten-year period, beginning in 2003. The intangible asset recognized as a result of the settlement agreement is being amortized ratably over the remaining term of the City of Chicago franchise agreement, which ends in 2020. As required by the settlement, ComEd also made a payment of $2 million to a third-party on the City of Chicago’s behalf. Under the terms of the agreement with Midwest Generation, ComEd received payments of $32 million from Midwest Generation to relieve Midwest Generation’s obligation under the 1999 fossil sale agreement with ComEd to build the generation facility in the City of Chicago. The payments received by ComEd, which have been recorded in Other deferred credits and other liabilities, and other long-term liabilities on Exelon's and ComEd's Consolidated Balance Sheets are being recognized ratably (approximately $2 million annually) as an offset to amortization expense over the remaining term of the franchise agreement.
(l)
Weighted-average amortization period was calculated at the date of a) acquisition for acquired assets or b) settlement agreement.
(m)
In the third quarter of 2015, Pepco entered into a sponsorship agreement with the District of Columbia for future naming rights associated with public property within the District of Columbia to be determined over time through future negotiations. Amortization of the intangible asset will begin once the terms of the naming rights are defined.
Schedule Of Finite-Lived Intangible Assets Amortization Expense
The following table summarizes the amortization expense related to intangible assets and liabilities for each of the years ended December 31, 2016, 2015 and 2014:
 
 
 
 
 
 
 
For the Year Ended December 31,
Exelon (a)
 
Generation (a)
 
ComEd
2016
$
87

 
$
79

 
$
7

2015
76

 
69

 
7

2014
179

 
179

 
7


 
 
 
 
 
 
 
 
 
________________________
(a) At Exelon, amortization of unamortized energy contracts totaling $35 million, $22 million and $135 million for the years ended December 31, 2016, 2015 and 2014, respectively, was recorded in Operating revenues or Purchase power and fuel expense within Exelon’s Consolidated Statements of Operations and Comprehensive Income. At Generation, amortization of unamortized energy contracts totaling $35 million, $22 million and $135 million for the years ended December 31, 2016, 2015 and 2014, respectively, was recorded in Operating revenues or Purchase power and fuel expense within Generation’s Consolidated Statements of Operations and Comprehensive Income