Variable Interest Entities (Tables)

9 Months Ended

Sep. 30, 2019

VIE - Assets and Liabilities of VIEs which Creditors or Beneficiaries have no Recourse [Table Text Block]

The table below shows the carrying amounts and classification of the consolidated VIEs’ assets and liabilities included in the consolidated financial statements of Exelon, Generation, PHI and ACE as of September 30, 2019 and December 31, 2018. The assets, except as noted in the footnotes to the table below, can only be used to settle obligations of the VIEs. The liabilities, except as noted in the footnote to the table below, are such that creditors, or beneficiaries, do not have recourse to the general credit of Exelon, Generation, PHI and ACE.



	September 30, 2019								December 31, 2018
	Exelon		Generation		PHI ^(a)		ACE		Exelon		Generation		PHI ^(a)		ACE
Cash and cash equivalents	$	168	$	168	$	—	$	—	$	414	$	414	$	—	$	—
Restricted cash and cash equivalents	76		73		3		3		66		62		4		4
Accounts receivable, net
Customer	163		163		—		—		146		146		—		—
Other	43		43		—		—		23		23		—		—
Unamortized energy contract asset ^(b)	23		23		—		—		25		25		—		—
Inventory, net
Materials and supplies	222		222		—		—		212		212		—		—
Other current assets	50		48		2		—		52		49		3		—
Total current assets	745		740		5		3		938		931		7		4
Property, plant and equipment, net ^(c)	6,079		6,079		—		—		6,188		6,188		—		—
NDT funds	2,636		2,636		—		—		2,351		2,351		—		—
Unamortized energy contract asset ^(b)	258		258		—		—		274		274		—		—
Other noncurrent assets	69		52		17		15		258		232		26		19
Total noncurrent assets	9,042		9,025		17		15		9,071		9,045		26		19
Total assets	$	9,787	$	9,765	$	22	$	18	$	10,009	$	9,976	$	33	$	23
Long-term debt due within one year	$	556	$	535	$	21	$	19	$	87	$	66	$	21	$	18
Accounts payable	148		148		—		—		96		96		—		—
Accrued expenses	58		57		1		1		73		72		1		1
Unamortized energy contract liabilities	10		10		—		—		15		15		—		—
Other current liabilities	30		30		—		—		3		3		—		—
Total current liabilities	802		780		22		20		274		252		22		19
Long-term debt	532		504		28		26		1,072		1,025		47		40
Asset retirement obligations ^(d)	2,103		2,103		—		—		2,165		2,165		—		—
Unamortized energy contract liabilities	1		1		—		—		1		1		—		—
Other noncurrent liabilities	84		84		—		—		42		42		—		—
Total noncurrent liabilities	2,720		2,692		28		26		3,280		3,233		47		40
Total liabilities	$	3,522	$	3,472	$	50	$	46	$	3,554	$	3,485	$	69	$	59

_________


(a)	Includes certain purchase accounting adjustments not pushed down to the ACE standalone entity.


(b)	These are unrestricted assets to Exelon and Generation.


(c)	Exelon’s and Generation’s balances include unrestricted assets of $41 million and $43 million as of September 30, 2019 and December 31, 2018, respectively.

(d)

Exelon’s and Generation’s balances include liabilities with recourse of $5 million as of September 30, 2019 and December 31, 2018.

VIE - Summary of Unconsolidated VIEs [Table Text Block]

The following table presents summary information about Exelon's and Generation’s unconsolidated VIE entities:



	September 30, 2019						December 31, 2018
	Commercial Agreement VIEs		Equity Investment VIEs		Total		Commercial Agreement VIEs		Equity Investment VIEs		Total
Total assets^(a)	$	614	$	453	$	1,067	$	597	$	472	$	1,069
Total liabilities^(a)	36		224		260		37		222		259
Exelon's ownership interest in VIE^(a)	—		201		201		—		223		223
Other ownership interests in VIE^(a)	587		28		615		560		27		587
Registrants’ maximum exposure to loss:
Carrying amount of equity method investments	—		12		12		—		223		223

_________

(a)

These items represent amounts in the unconsolidated VIE balance sheets, not in Exelon’s or Generation’s Consolidated Balance Sheets. These items are included to provide information regarding the relative size of the unconsolidated VIEs.