XML 38 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
CURRENT ASSETS    
Cash and cash equivalents $ 25 $ 14
Restricted cash equivalents 14 25
Accounts receivable, less allowance for uncollectible accounts 839 782
Inventories 141 141
Income taxes and related accrued interest receivable 111 9
Prepaid expenses and other 72 63
Total Current Assets 1,202 1,034
OTHER ASSETS    
Goodwill 1,406 1,407
Regulatory assets 2,246 2,409
Deferred income tax assets, net 15 17
Income taxes and related accrued interest receivable 6 81
Restricted cash equivalents 18 14
Other 129 121
Total Other Assets 3,820 4,049
PROPERTY, PLANT AND EQUIPMENT    
Property, plant and equipment 16,218 15,465
Accumulated depreciation (4,914) (4,959)
Net Property, Plant and Equipment 11,304 10,506
TOTAL ASSETS 16,326 15,589
CURRENT LIABILITIES    
Short-term debt 1,063 729
Current portion of long-term debt and project funding 341 431
Current portion of long-term debt 294 366
Accounts payable 175 174
Accrued liabilities 322 313
Capital lease obligations due within one year 11 10
Taxes accrued 51 41
Interest accrued 49 47
Liabilities and accrued interest related to uncertain tax positions 9 6
Other 287 305
Total Current Liabilities 2,308 2,056
DEFERRED CREDITS    
Regulatory liabilities 308 343
Deferred income tax liabilities, net 3,393 3,242
Investment tax credits 15 16
Pension benefit obligation 466 396
Other postretirement benefit obligations 215 265
Other 202 195
Total Deferred Credits 4,599 4,457
OTHER LONG-TERM LIABILITIES    
Long-term debt 4,656 4,397
Transition bonds issued by ACE Funding 124 170
Long-term project funding 4 8
Capital lease obligations 39 50
Total Other Long-Term Liabilities $ 4,823 $ 4,625
COMMITMENTS AND CONTINGENCIES
PREFERRED STOCK    
Series A preferred stock, $.01 par value, 18,000 shares authorized, 18,000 and 12,600 shares outstanding, respectively $ 183 $ 129
EQUITY    
Common stock 3 3
Premium on stock and other capital contributions 3,829 3,800
Accumulated other comprehensive loss (36) (46)
Retained earnings 617 565
Total Equity 4,413 4,322
TOTAL LIABILITIES AND EQUITY 16,326 15,589
Potomac Electric Power Co [Member]    
CURRENT ASSETS    
Cash and cash equivalents 5 6
Restricted cash equivalents 2 5
Accounts receivable, less allowance for uncollectible accounts 346 315
Inventories 67 62
Income taxes and related accrued interest receivable 170 94
Prepaid expenses and other 20 21
Total Current Assets 610 503
OTHER ASSETS    
Regulatory assets 720 697
Prepaid pension expense 291 316
Investment in trust 27 34
Income taxes and related accrued interest receivable 3 30
Other 42 43
Total Other Assets 1,083 1,120
PROPERTY, PLANT AND EQUIPMENT    
Property, plant and equipment 8,091 7,764
Accumulated depreciation (2,799) (2,816)
Net Property, Plant and Equipment 5,292 4,948
TOTAL ASSETS 6,985 6,571
CURRENT LIABILITIES    
Short-term debt 64 104
Current portion of long-term debt and project funding   12
Accounts payable 87 94
Accrued liabilities 101 91
Accounts payable due to associated companies 30 30
Capital lease obligations due within one year 11 10
Taxes accrued 37 32
Interest accrued 22 19
Liabilities and accrued interest related to uncertain tax positions 3  
Customer deposits 46 44
Other 68 93
Total Current Liabilities 469 529
DEFERRED CREDITS    
Regulatory liabilities 92 104
Deferred income tax liabilities, net 1,721 1,579
Investment tax credits 2 2
Other postretirement benefit obligations 49 57
Other 72 67
Total Deferred Credits 1,936 1,809
OTHER LONG-TERM LIABILITIES    
Long-term debt 2,301 2,096
Capital lease obligations 39 50
Total Other Long-Term Liabilities $ 2,340 $ 2,146
COMMITMENTS AND CONTINGENCIES
EQUITY    
Premium on stock and other capital contributions $ 1,122 $ 1,010
Retained earnings 1,118 1,077
Total Equity 2,240 2,087
TOTAL LIABILITIES AND EQUITY 6,985 6,571
Delmarva Power & Light Co/De [Member]    
CURRENT ASSETS    
Cash and cash equivalents 5 4
Restricted cash equivalents   5
Accounts receivable, less allowance for uncollectible accounts 203 193
Inventories 50 55
Income taxes and related accrued interest receivable 58 34
Prepaid expenses and other 10 12
Total Current Assets 326 303
OTHER ASSETS    
Goodwill 8 8
Regulatory assets 308 356
Prepaid pension expense 205 220
Income taxes and related accrued interest receivable   4
Other 1 4
Total Other Assets 522 592
PROPERTY, PLANT AND EQUIPMENT    
Property, plant and equipment 4,209 3,946
Accumulated depreciation (1,046) (1,021)
Net Property, Plant and Equipment 3,163 2,925
TOTAL ASSETS 4,011 3,820
CURRENT LIABILITIES    
Short-term debt 210 211
Current portion of long-term debt 100 100
Accounts payable 41 39
Accrued liabilities 76 74
Accounts payable due to associated companies 20 17
Taxes accrued 3 3
Interest accrued 7 7
Customer deposits 31 24
Other 39 41
Total Current Liabilities 527 516
DEFERRED CREDITS    
Regulatory liabilities 189 225
Deferred income tax liabilities, net 941 878
Investment tax credits 4 4
Other postretirement benefit obligations 19 21
Other 33 35
Total Deferred Credits 1,186 1,163
OTHER LONG-TERM LIABILITIES    
Long-term debt $ 1,061 $ 963
COMMITMENTS AND CONTINGENCIES
EQUITY    
Premium on stock and other capital contributions $ 612 $ 537
Retained earnings 625 641
Total Equity 1,237 1,178
TOTAL LIABILITIES AND EQUITY 4,011 3,820
Atlantic City Electric Co [Member]    
CURRENT ASSETS    
Cash and cash equivalents 3 2
Restricted cash equivalents 12 10
Accounts receivable, less allowance for uncollectible accounts 211 167
Inventories 23 23
Income taxes and related accrued interest receivable 199 151
Prepaid expenses and other 1 3
Total Current Assets 449 356
OTHER ASSETS    
Regulatory assets 322 427
Prepaid pension expense 83 96
Income taxes and related accrued interest receivable   34
Restricted cash equivalents 18 14
Other 4 5
Total Other Assets 427 576
PROPERTY, PLANT AND EQUIPMENT    
Property, plant and equipment 3,305 3,073
Accumulated depreciation (764) (760)
Net Property, Plant and Equipment 2,541 2,313
TOTAL ASSETS 3,417 3,245
CURRENT LIABILITIES    
Short-term debt 5 127
Current portion of long-term debt and project funding 48 59
Current portion of long-term debt 2 15
Accounts payable 25 20
Accrued liabilities 106 103
Accounts payable due to associated companies 16 15
Taxes accrued 22 1
Interest accrued 13 13
Customer deposits 30 21
Other 21 22
Total Current Liabilities 286 381
DEFERRED CREDITS    
Regulatory liabilities 27 14
Deferred income tax liabilities, net 888 855
Investment tax credits 4 5
Other postretirement benefit obligations 33 36
Other 18 16
Total Deferred Credits 970 926
OTHER LONG-TERM LIABILITIES    
Long-term debt 1,030 882
Transition bonds issued by ACE Funding 124 170
Total Other Long-Term Liabilities $ 1,154 $ 1,052
COMMITMENTS AND CONTINGENCIES
EQUITY    
Common stock $ 26 $ 26
Premium on stock and other capital contributions 746 651
Retained earnings 235 209
Total Equity 1,007 886
TOTAL LIABILITIES AND EQUITY $ 3,417 $ 3,245