Accounts Receivable (Tables)

9 Months Ended

Sep. 30, 2020

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 September 30, 2020
	Exelon		Generation		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance as of June 30, 2020	$	261	$	33	$	72	$	71	$	23	$	62	$	24	$	18	$	20
Plus: Current Period Provision for Expected Credit Losses(a)	114		1		37		27		14		35		11		7		17
Less: Write-offs, net of recoveries(b)	17		1		4		2		2		8		—		3		5
Balance as of September 30, 2020	$	358	$	33	$	105	$	96	$	35	$	89	$	35	$	22	$	32

	Nine Months Ended September 30, 2020
	Exelon		Generation		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance as of December 31, 2019	$	243	$	80	$	59	$	55	$	12	$	37	$	13	$	11	$	13
Plus: Current Period Provision for Expected Credit Losses(a)	222		13		62		56		28		63		24		14		25
Less: Write-offs, net of recoveries(b)	51		4		16		15		5		11		2		3		6
Less: Sale of customer accounts receivable(c)	56		56		—		—		—		—		—		—		—
Balance as of September 30, 2020	$	358	$	33	$	105	$	96	$	35	$	89	$	35	$	22	$	32

_________

(a)For the Utility Registrants, the increase is primarily as a result of increased aging of receivables, the temporary suspension of customer disconnections for non-payment, temporary cessation of new late payment fees, and reconnection of service to customers previously disconnected due to COVID-19.

(b)Recoveries were not material to the Registrants.

(c)See below for additional information on the sale of customer accounts receivable at Generation in the second quarter of 2020.

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

	Three Months Ended September 30, 2020
	Exelon		Generation		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance as of June 30, 2020	$	61	$	—	$	22	$	7	$	6	$	26	$	11	$	7	$	8
Plus: Current Period Provision for Expected Credit Losses	15		—		5		1		3		6		2		1		3
Less: Write-offs, net of recoveries(a)	1		—		—		1		—		—		—		—		—
Balance as of September 30, 2020	$	75	$	—	$	27	$	7	$	9	$	32	$	13	$	8	$	11

	Nine Months Ended September 30, 2020
	Exelon		Generation		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance as of December 31, 2019	$	48	$	—	$	20	$	7	$	5	$	16	$	7	$	4	$	5
Plus: Current Period Provision for Expected Credit Losses	36		—		9		3		7		17		6		4		7
Less: Write-offs, net of recoveries(a)	9		—		2		3		3		1		—		—		1
Balance as of September 30, 2020	$	75	$	—	$	27	$	7	$	9	$	32	$	13	$	8	$	11

_________

(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.

	Unbilled customer revenues(a)
	Exelon		Generation		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
September 30, 2020	$	672	$	139	$	193	$	98	$	115	$	127	$	72	$	37	$	18
December 31, 2019	1,535		807		218		146		170		194		100		61		33

_________

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

Purchases and sales of accounts receivable

The following table summarizes the impact of the sale of certain receivables:

	As of September 30, 2020
Derecognized receivables transferred at fair value(a)	$	1,232
Cash proceeds received	500
DPP	732

_________

(a)Includes additional customer accounts receivable sold into the Facility of $4,515 million since the start of the financing agreement.

	Three months ended September 30, 2020		Nine months ended September 30, 2020
Loss on sale of receivables(a)	$	8	$	23

_________

(a)Reflected in Operating and maintenance expense on Exelon and Generation's Consolidated Statements of Operations and Comprehensive Income.

	Nine months ended September 30, 2020
Proceeds from new transfers	$	1,889
Cash collections received on DPP	2,518
Cash collections reinvested in the Facility	4,407

Generation is required, under supplier tariffs in ISO-NE, MISO, NYISO, and PJM, to sell customer and other receivables to utility companies, which include the Utility Registrants. The Utility Registrants are required, under separate legislation and regulations in Illinois, Pennsylvania, Maryland, District of Columbia, 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 tables present the total receivables purchased and sold.

	Nine Months Ended September 30, 2020
	Exelon		Generation		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Total Receivables Purchased	$	2,698	$	—	$	865	$	786	$	508	$	787	$	484	$	160	$	143
Total Receivables Sold	542		790		—		—		—		—		—		—		—
Related Party Transactions:
Receivables purchased from Generation	—		—		34		67		75		72		51		13		8
Receivables sold to the Utility Registrants	—		248		—		—		—		—		—		—		—