| Segment Information (All Registrants) |
Segment Information (All Registrants) Operating segments for each of the Registrants are determined based on information used by the CODM in deciding how to evaluate performance and allocate resources at each of the Registrants. Exelon has eleven reportable segments, which include Generation's five reportable segments consisting of the Mid-Atlantic, Midwest, New York, ERCOT, and all other power regions referred to collectively as “Other Power Regions” and ComEd, PECO, BGE, and PHI's three reportable segments consisting of Pepco, DPL, and ACE. ComEd, PECO, BGE, Pepco, DPL, and ACE each represent a single reportable segment, and as such, no separate segment information is provided for these Registrants. Exelon, ComEd, PECO, BGE, Pepco, DPL, and ACE's CODMs evaluate the performance of and allocate resources to ComEd, PECO, BGE, Pepco, DPL, and ACE based on net income. The basis for Generation's reportable segments is the integrated management of its electricity business that is located in different geographic regions, and largely representative of the footprints of ISO/RTO and/or NERC regions, which utilize multiple supply sources to provide electricity through various distribution channels (wholesale and retail). Generation's hedging strategies and risk metrics are also aligned to these same geographic regions. Descriptions of each of Generation’s five reportable segments are as follows: •Mid-Atlantic represents operations in the eastern half of PJM, which includes New Jersey, Maryland, Virginia, West Virginia, Delaware, the District of Columbia, and parts of Pennsylvania and North Carolina. •Midwest represents operations in the western half of PJM and the United States footprint of MISO, excluding MISO’s Southern Region. •New York represents operations within NYISO. •ERCOT represents operations within Electric Reliability Council of Texas. •Other Power Regions: •New England represents the operations within ISO-NE. •South represents operations in the FRCC, MISO’s Southern Region, and the remaining portions of the SERC not included within MISO or PJM. •West represents operations in the WECC, which includes CAISO. •Canada represents operations across the entire country of Canada and includes AESO, OIESO, and the Canadian portion of MISO. The CODMs for Exelon and Generation evaluate the performance of Generation’s electric business activities and allocate resources based on Revenues Net of Purchased Power and Fuel Expense (RNF). Generation believes that RNF is a useful measurement of operational performance. RNF is not a presentation defined under GAAP and may not be comparable to other companies’ presentations or deemed more useful than the GAAP information provided elsewhere in this report. Generation’s operating revenues include all sales to third parties and affiliated sales to the Utility Registrants. Purchased power costs include all costs associated with the procurement and supply of electricity including capacity, energy, and ancillary services. Fuel expense includes the fuel costs for Generation’s owned generation and fuel costs associated with tolling agreements. The results of Generation's other business activities are not regularly reviewed by the CODM and are therefore not classified as operating segments or included in the regional reportable segment amounts. These activities include natural gas, as well as other miscellaneous business activities that are not significant to Generation's overall operating revenues or results of operations. Further, Generation’s unrealized mark-to-market gains and losses on economic hedging activities and its amortization of certain intangible assets and liabilities relating to commodity contracts recorded at fair value from mergers and acquisitions are also excluded from the regional reportable segment amounts. Exelon and Generation do not use a measure of total assets in making decisions regarding allocating resources to or assessing the performance of these reportable segments. An analysis and reconciliation of the Registrants’ reportable segment information to the respective information in the consolidated financial statements for the three and nine months ended September 30, 2021 and 2020 is as follows: Three Months Ended September 30, 2021 and 2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Generation | | ComEd | | PECO | | BGE | | PHI | | Other(a) | | Intersegment
Eliminations | | Exelon | Operating revenues(b): | | 2021 | | | | | | | | | | | | | | | | | Competitive businesses electric revenues | $ | 4,330 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | (319) | | | $ | 4,011 | | | Competitive businesses natural gas revenues | 575 | | | — | | | — | | | — | | | — | | | — | | | — | | | 575 | | | Competitive businesses other revenues | (499) | | | — | | | — | | | — | | | — | | | — | | | (3) | | | (502) | | | Rate-regulated electric revenues | — | | | 1,789 | | | 762 | | | 677 | | | 1,444 | | | — | | | (15) | | | 4,657 | | | Rate-regulated natural gas revenues | — | | | — | | | 56 | | | 93 | | | 23 | | | — | | | (3) | | | 169 | | | Shared service and other revenues | — | | | — | | | — | | | — | | | 3 | | | 534 | | | (537) | | | — | | | Total operating revenues | $ | 4,406 | | | $ | 1,789 | | | $ | 818 | | | $ | 770 | | | $ | 1,470 | | | $ | 534 | | | $ | (877) | | | $ | 8,910 | | | 2020 | | | | | | | | | | | | | | | | | Competitive businesses electric revenues | $ | 4,201 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | (326) | | | $ | 3,875 | | | Competitive businesses natural gas revenues | 323 | | | — | | | — | | | — | | | — | | | — | | | — | | | 323 | | | Competitive businesses other revenues | 135 | | | — | | | — | | | — | | | — | | | — | | | (3) | | | 132 | | | Rate-regulated electric revenues | — | | | 1,643 | | | 759 | | | 646 | | | 1,339 | | | — | | | (22) | | | 4,365 | | | Rate-regulated natural gas revenues | — | | | — | | | 54 | | | 85 | | | 23 | | | — | | | (3) | | | 159 | | | Shared service and other revenues | — | | | — | | | — | | | — | | | 6 | | | 484 | | | (491) | | | (1) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total operating revenues | $ | 4,659 | | | $ | 1,643 | | | $ | 813 | | | $ | 731 | | | $ | 1,368 | | | $ | 484 | | | $ | (845) | | | $ | 8,853 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Generation | | ComEd | | PECO | | BGE | | PHI | | Other(a) | | Intersegment
Eliminations | | Exelon | Intersegment revenues(c): | | | | | | | | | | | | | | | | | 2021 | $ | 324 | | | $ | 9 | | | $ | 2 | | | $ | 7 | | | $ | 3 | | | $ | 531 | | | $ | (876) | | | $ | — | | | 2020 | 331 | | | 15 | | | 3 | | | 6 | | | 6 | | | 485 | | | (845) | | | 1 | | | Depreciation and amortization: | | | | | | | | | | | | | | | | | 2021 | $ | 866 | | | $ | 304 | | | $ | 86 | | | $ | 142 | | | $ | 210 | | | $ | 16 | | | $ | — | | | $ | 1,624 | | | 2020 | 558 | | | 294 | | | 85 | | | 133 | | | 200 | | | 19 | | | — | | | 1,289 | | | Operating expenses: | | | | | | | | | | | | | | | | | 2021 | $ | 3,465 | | | $ | 1,428 | | | $ | 677 | | | $ | 709 | | | $ | 1,155 | | | $ | 541 | | | $ | (858) | | | $ | 7,117 | | | 2020 | 4,727 | | | 1,302 | | | 658 | | | 642 | | | 1,102 | | | 489 | | | (833) | | | 8,087 | | | Interest expense, net: | | | | | | | | | | | | | | | | | 2021 | $ | 77 | | | $ | 98 | | | $ | 40 | | | $ | 36 | | | $ | 67 | | | $ | 79 | | | $ | — | | | $ | 397 | | | 2020 | 80 | | | 95 | | | 39 | | | 34 | | | 67 | | | 89 | | | — | | | 404 | | | Income (loss) before income taxes: | | | | | | | | | | | | | | | | | 2021 | $ | 814 | | | $ | 276 | | | $ | 108 | | | $ | 32 | | | $ | 264 | | | $ | (88) | | | $ | — | | | $ | 1,406 | | | 2020 | 219 | | | 256 | | | 122 | | | 61 | | | 215 | | | (87) | | | — | | | 786 | | | Income Taxes: | | | | | | | | | | | | | | | | | 2021 | $ | 177 | | | $ | 56 | | | $ | (3) | | | $ | (4) | | | $ | (2) | | | $ | (50) | | | $ | — | | | $ | 174 | | | 2020 | 100 | | | 60 | | | (16) | | | 8 | | | (1) | | | 65 | | | — | | | 216 | | | Net income (loss): | | | | | | | | | | | | | | | | | 2021 | $ | 633 | | | $ | 220 | | | $ | 111 | | | $ | 36 | | | $ | 266 | | | $ | (37) | | | $ | — | | | $ | 1,229 | | | 2020 | 117 | | | 196 | | | 138 | | | 53 | | | 216 | | | (151) | | | — | | | 569 | | | Capital Expenditures: | | | | | | | | | | | | | | | | | 2021 | $ | 367 | | | $ | 561 | | | $ | 301 | | | $ | 287 | | | $ | 410 | | | $ | 4 | | | $ | — | | | $ | 1,930 | | | 2020 | 282 | | | 554 | | | 312 | | | 290 | | | 386 | | | 9 | | | — | | | 1,833 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(a)Other primarily includes Exelon’s corporate operations, shared service entities, and other financing and investment activities. (b)Includes gross utility tax receipts from customers. The offsetting remittance of utility taxes to the governing bodies is recorded in expenses in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. See Note 18 — Supplemental Financial Information for additional information on total utility taxes. (c)Intersegment revenues exclude sales to unconsolidated affiliates. The intersegment profit associated with Generation’s sale of certain products and services by and between Exelon’s segments is not eliminated in consolidation due to the recognition of intersegment profit in accordance with regulatory accounting guidance. For Exelon, these amounts are included in Operating revenues in the Consolidated Statements of Operations and Comprehensive Income. See Note 19— Related Party Transactions for additional information on intersegment revenues. PHI: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pepco | | DPL | | ACE | | Other(a) | | Intersegment
Eliminations | | PHI | Operating revenues(b): | | | | | | | | | | | | | 2021 | | | | | | | | | | | | | Rate-regulated electric revenues | $ | 660 | | | $ | 337 | | | $ | 451 | | | $ | — | | | $ | (4) | | | $ | 1,444 | | | Rate-regulated natural gas revenues | — | | | 23 | | | — | | | — | | | — | | | 23 | | | Shared service and other revenues | — | | | — | | | — | | | 92 | | | (89) | | | 3 | | | Total operating revenues | $ | 660 | | | $ | 360 | | | $ | 451 | | | $ | 92 | | | $ | (93) | | | $ | 1,470 | | | 2020 | | | | | | | | | | | | | Rate-regulated electric revenues | $ | 611 | | | $ | 314 | | | $ | 420 | | | $ | — | | | $ | (6) | | | $ | 1,339 | | | Rate-regulated natural gas revenues | — | | | 23 | | | — | | | — | | | — | | | 23 | | | Shared service and other revenues | — | | | — | | | — | | | 91 | | | (85) | | | 6 | | | Total operating revenues | $ | 611 | | | $ | 337 | | | $ | 420 | | | $ | 91 | | | $ | (91) | | | $ | 1,368 | | Intersegment revenues(c): | | | | | | | | | | | | | 2021 | $ | 2 | | | $ | 2 | | | $ | 1 | | | $ | 91 | | | $ | (93) | | | $ | 3 | | | 2020 | 3 | | | 3 | | | 1 | | | 90 | | | (91) | | | 6 | | | Depreciation and amortization: | | | | | | | | | | | | | 2021 | $ | 104 | | | $ | 53 | | | $ | 46 | | | $ | 7 | | | $ | — | | | $ | 210 | | | 2020 | 96 | | | 48 | | | 48 | | | 8 | | | — | | | 200 | | | Operating expenses: | | | | | | | | | | | | | 2021 | $ | 501 | | | $ | 295 | | | $ | 359 | | | $ | 93 | | | $ | (93) | | | $ | 1,155 | | | 2020 | 465 | | | 296 | | | 338 | | | 94 | | | (91) | | | 1,102 | | | Interest expense, net: | | | | | | | | | | | | | 2021 | $ | 35 | | | $ | 15 | | | $ | 14 | | | $ | 3 | | | $ | — | | | $ | 67 | | | 2020 | 35 | | | 15 | | | 15 | | | 2 | | | — | | | 67 | | | Income (loss) before income taxes: | | | | | | | | | | | | | 2021 | $ | 136 | | | $ | 53 | | | $ | 79 | | | $ | (4) | | | $ | — | | | $ | 264 | | | 2020 | 121 | | | 28 | | | 68 | | | (2) | | | — | | | 215 | | | Income Taxes: | | | | | | | | | | | | | 2021 | $ | 6 | | | $ | 3 | | | $ | (11) | | | $ | — | | | $ | — | | | $ | (2) | | | 2020 | 3 | | | 1 | | | (7) | | | 2 | | | — | | | (1) | | | Net income (loss): | | | | | | | | | | | | | 2021 | $ | 130 | | | $ | 50 | | | $ | 90 | | | $ | (4) | | | $ | — | | | $ | 266 | | | 2020 | 118 | | | 27 | | | 75 | | | (4) | | | — | | | 216 | | | Capital Expenditures: | | | | | | | | | | | | | 2021 | $ | 202 | | | $ | 109 | | | $ | 97 | | | $ | 2 | | | $ | — | | | $ | 410 | | | 2020 | 188 | | | 94 | | | 103 | | | 1 | | | — | | | 386 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
__________ (a)Other primarily includes PHI’s corporate operations, shared service entities, and other financing and investment activities. (b)Includes gross utility tax receipts from customers. The offsetting remittance of utility taxes to the governing bodies is recorded in expenses in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. See Note 18 — Supplemental Financial Information for additional information on total utility taxes. (c)Includes intersegment revenues with ComEd, BGE, and PECO, which are eliminated at Exelon.
The following tables disaggregate the Registrants' revenue recognized from contracts with customers into categories that depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. For Generation, the disaggregation of revenues reflects Generation’s two primary products of power sales and natural gas sales, with further disaggregation of power sales provided by geographic region. For the Utility Registrants, the disaggregation of revenues reflects the two primary utility services of rate-regulated electric sales and rate-regulated natural gas sales (where applicable), with further disaggregation of these tariff sales provided by major customer groups. Exelon’s disaggregated revenues are consistent with Generation and the Utility Registrants, but exclude any intercompany revenues. Competitive Business Revenues (Generation): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2021 | | Revenues from external customers(a) | | Intersegment
Revenues | | Total
Revenues | | Contracts with customers | | Other(b) | | Total | | | | Mid-Atlantic | $ | 1,145 | | | $ | 123 | | | $ | 1,268 | | | $ | 4 | | | $ | 1,272 | | | Midwest | 1,084 | | | (99) | | | 985 | | | — | | | 985 | | | New York | 445 | | | 10 | | | 455 | | | — | | | 455 | | | ERCOT | 191 | | | 165 | | | 356 | | | 2 | | | 358 | | | Other Power Regions | 948 | | | 318 | | | 1,266 | | | (6) | | | 1,260 | | | Total Competitive Businesses Electric Revenues | 3,813 | | | 517 | | | 4,330 | | | — | | | 4,330 | | | Competitive Businesses Natural Gas Revenues | 266 | | | 309 | | | 575 | | | — | | | 575 | | Competitive Businesses Other Revenues(c) | 95 | | | (594) | | | (499) | | | — | | | (499) | | | Total Generation Consolidated Operating Revenues | $ | 4,174 | | | $ | 232 | | | $ | 4,406 | | | $ | — | | | $ | 4,406 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2020 | | Revenues from external customers(a) | | Intersegment
revenues | | Total
Revenues | | Contracts with customers | | Other(b) | | Total | | | | Mid-Atlantic | $ | 1,327 | | | $ | (20) | | | $ | 1,307 | | | $ | 6 | | | $ | 1,313 | | | Midwest | 974 | | | 68 | | | 1,042 | | | 1 | | | 1,043 | | | New York | 401 | | | 5 | | | 406 | | | — | | | 406 | | | ERCOT | 249 | | | 74 | | | 323 | | | 7 | | | 330 | | | Other Power Regions | 937 | | | 186 | | | 1,123 | | | (14) | | | 1,109 | | | Total Competitive Businesses Electric Revenues | 3,888 | | | 313 | | | 4,201 | | | — | | | 4,201 | | | Competitive Businesses Natural Gas Revenues | 169 | | | 154 | | | 323 | | | — | | | 323 | | Competitive Businesses Other Revenues(c) | 85 | | | 50 | | | 135 | | | — | | | 135 | | | Total Generation Consolidated Operating Revenues | $ | 4,142 | | | $ | 517 | | | $ | 4,659 | | | $ | — | | | $ | 4,659 | |
__________ (a)Includes all wholesale and retail electric sales to third parties and affiliated sales to the Utility Registrants. (b)Includes revenues from derivatives and leases. (c)Other represents activities not allocated to a region. See text above for a description of included activities. Includes unrealized mark-to-market losses of $635 million and gains of $37 million in 2021 and 2020, respectively, and elimination of intersegment revenues. Revenues net of purchased power and fuel expense (Generation): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2021 | | Three Months Ended September 30, 2020 | | RNF from external customers(a) | | Intersegment
RNF | | Total RNF | | RNF from external customers(a) | | Intersegment
RNF | | Total RNF | | Mid-Atlantic | $ | 567 | | | $ | 3 | | | $ | 570 | | | $ | 586 | | | $ | 5 | | | $ | 591 | | | Midwest | 655 | | | — | | | 655 | | | 748 | | | 2 | | | 750 | | | New York | 343 | | | 3 | | | 346 | | | 281 | | | 4 | | | 285 | | | ERCOT | 181 | | | (2) | | | 179 | | | 141 | | | 6 | | | 147 | | | Other Power Regions | 233 | | | (22) | | | 211 | | | 253 | | | (28) | | | 225 | | | Total RNF for Reportable Segments | 1,979 | | | (18) | | | 1,961 | | | 2,009 | | | (11) | | | 1,998 | | Other(b) | 881 | | | 18 | | | 899 | | | 336 | | | 11 | | | 347 | | | Total Generation RNF | $ | 2,860 | | | $ | — | | | $ | 2,860 | | | $ | 2,345 | | | $ | — | | | $ | 2,345 | |
__________ (a)Includes purchases and sales from/to third parties and affiliated sales to the Utility Registrants. (b)Other represents activities not allocated to a region. See text above for a description of included activities. includes: •unrealized mark-to-market gains of $754 million and gains of $255 million in 2021 and 2020, respectively; •accelerated nuclear fuel amortization associated with announced early plant retirements as discussed in Note 7 — Early Plant Retirements of $42 million and $24 million in 2021 and 2020 respectively; and •the elimination of intersegment RNF. Electric and Gas Revenue by Customer Class (Utility Registrants): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2021 | | Revenues from contracts with customers | ComEd | | PECO | | BGE | | PHI | | Pepco | | DPL | | ACE | | Rate-regulated electric revenues | | | | | | | | | | | | | | | Residential | $ | 978 | | | $ | 509 | | | $ | 383 | | | $ | 782 | | | $ | 309 | | | $ | 198 | | | $ | 275 | | | Small commercial & industrial | 433 | | | 113 | | | 73 | | | 150 | | | 36 | | | 53 | | | 61 | | | Large commercial & industrial | 148 | | | 67 | | | 128 | | | 320 | | | 244 | | | 27 | | | 49 | | | Public authorities & electric railroads | 11 | | | 7 | | | 7 | | | 15 | | | 8 | | | 4 | | | 3 | | Other(a) | 245 | | | 61 | | | 104 | | | 172 | | | 53 | | | 56 | | | 63 | | Total rate-regulated electric revenues(b) | $ | 1,815 | | | $ | 757 | | | $ | 695 | | | $ | 1,439 | | | $ | 650 | | | $ | 338 | | | $ | 451 | | | Rate-regulated natural gas revenues | | | | | | | | | | | | | | | Residential | $ | — | | | $ | 36 | | | $ | 57 | | | $ | 10 | | | $ | — | | | $ | 10 | | | $ | — | | | Small commercial & industrial | — | | | 13 | | | 10 | | | 5 | | | — | | | 5 | | | — | | | Large commercial & industrial | — | | | — | | | 22 | | | 2 | | | — | | | 2 | | | — | | | Transportation | — | | | 5 | | | — | | | 3 | | | — | | | 3 | | | — | | Other(c) | — | | | 2 | | | 6 | | | 3 | | | — | | | 3 | | | — | | Total rate-regulated natural gas revenues(d) | $ | — | | | $ | 56 | | | $ | 95 | | | $ | 23 | | | $ | — | | | $ | 23 | | | $ | — | | | Total rate-regulated revenues from contracts with customers | $ | 1,815 | | | $ | 813 | | | $ | 790 | | | $ | 1,462 | | | $ | 650 | | | $ | 361 | | | $ | 451 | | | | | | | | | | | | | | | | | Other revenues | | | | | | | | | | | | | | | Revenues from alternative revenue programs | $ | (32) | | | $ | 3 | | | $ | (24) | | | $ | 6 | | | $ | 9 | | | $ | (2) | | | $ | — | | Other rate-regulated electric revenues(e) | 6 | | | 2 | | | 3 | | | 2 | | | 1 | | | 1 | | | — | | Other rate-regulated natural gas revenues(e) | — | | | — | | | 1 | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | Total other revenues | $ | (26) | | | $ | 5 | | | $ | (20) | | | $ | 8 | | | $ | 10 | | | $ | (1) | | | $ | — | | | Total rate-regulated revenues for reportable segments | $ | 1,789 | | | $ | 818 | | | $ | 770 | | | $ | 1,470 | | | $ | 660 | | | $ | 360 | | | $ | 451 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, 2020 | | Revenues from contracts with customers | ComEd | | PECO | | BGE | | PHI | | Pepco | | DPL | | ACE | | Rate-regulated electric revenues | | | | | | | | | | | | | | | Residential | $ | 920 | | | $ | 518 | | | $ | 389 | | | $ | 763 | | | $ | 307 | | | $ | 193 | | | $ | 263 | | | Small commercial & industrial | 379 | | | 104 | | | 65 | | | 134 | | | 36 | | | 45 | | | 53 | | | Large commercial & industrial | 135 | | | 66 | | | 113 | | | 262 | | | 195 | | | 21 | | | 46 | | | Public authorities & electric railroads | 10 | | | 7 | | | 7 | | | 14 | | | 8 | | | 3 | | | 3 | | Other(a) | 234 | | | 58 | | | 78 | | | 141 | | | 47 | | | 44 | | | 50 | | Total rate-regulated electric revenues(b) | $ | 1,678 | | | $ | 753 | | | $ | 652 | | | $ | 1,314 | | | $ | 593 | | | $ | 306 | | | $ | 415 | | | Rate-regulated natural gas revenues | | | | | | | | | | | | | | | Residential | $ | — | | | $ | 32 | | | $ | 55 | | | $ | 11 | | | $ | — | | | $ | 11 | | | $ | — | | | Small commercial & industrial | — | | | 16 | | | 9 | | | 6 | | | — | | | 6 | | | — | | | Large commercial & industrial | — | | | — | | | 21 | | | 1 | | | — | | | 1 | | | — | | | Transportation | — | | | 6 | | | — | | | 3 | | | — | | | 3 | | | — | | Other(c) | — | | | 1 | | | 3 | | | 2 | | | — | | | 2 | | | — | | Total rate-regulated natural gas revenues(d) | $ | — | | | $ | 55 | | | $ | 88 | | | $ | 23 | | | $ | — | | | $ | 23 | | | $ | — | | | Total rate-regulated revenues from contracts with customers | $ | 1,678 | | | $ | 808 | | | $ | 740 | | | $ | 1,337 | | | $ | 593 | | | $ | 329 | | | $ | 415 | | | | | | | | | | | | | | | | | Other revenues | | | | | | | | | | | | | | | Revenues from alternative revenue programs | $ | (38) | | | $ | 5 | | | $ | (9) | | | $ | 31 | | | $ | 18 | | | $ | 8 | | | $ | 5 | | Other rate-regulated electric revenues(e) | 3 | | | — | | | — | | | — | | | — | | | — | | | — | | Other rate-regulated natural gas revenues(e) | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | Total other revenues | $ | (35) | | | $ | 5 | | | $ | (9) | | | $ | 31 | | | $ | 18 | | | $ | 8 | | | $ | 5 | | | Total rate-regulated revenues for reportable segments | $ | 1,643 | | | $ | 813 | | | $ | 731 | | | $ | 1,368 | | | $ | 611 | | | $ | 337 | | | $ | 420 | |
__________(a)Includes revenues from transmission revenue from PJM, wholesale electric revenue and mutual assistance revenue. (b)Includes operating revenues from affiliates in 2021 and 2020 respectively of: •$9 million, $15 million at ComEd •$2 million, $3 million at PECO •$4 million, $3 million at BGE •$3 million, $6 million at PHI •$2 million, $3 million at Pepco •$2 million, $3 million at DPL •$1 million, $1 million at ACE (c)Includes revenues from off-system natural gas sales. (d)Includes operating revenues from affiliates in 2021 and 2020 respectively of: •less than $1 million at PECO both 2021 and 2020 •$3 million, $3 million at BGE (e)Includes late payment charge revenues.
Nine Months Ended September 30, 2021 and 2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Generation | | ComEd | | PECO | | BGE | | PHI | | Other(a) | | Intersegment
Eliminations | | Exelon | Operating revenues(b): | | 2021 | | | | | | | | | | | | | | | | | Competitive businesses electric revenues | $ | 12,264 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | (860) | | | $ | 11,404 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Generation | | ComEd | | PECO | | BGE | | PHI | | Other(a) | | Intersegment
Eliminations | | Exelon | | Competitive businesses natural gas revenues | 2,408 | | | — | | | — | | | — | | | — | | | — | | | — | | | 2,408 | | | Competitive businesses other revenues | (555) | | | — | | | — | | | — | | | — | | | — | | | (9) | | | (564) | | | Rate-regulated electric revenues | — | | | 4,840 | | | 2,033 | | | 1,866 | | | 3,726 | | | — | | | (33) | | | 12,432 | | | Rate-regulated natural gas revenues | — | | | — | | | 366 | | | 560 | | | 118 | | | — | | | (9) | | | 1,035 | | | Shared service and other revenues | — | | | — | | | — | | | — | | | 10 | | | 1,549 | | | (1,559) | | | — | | | Total operating revenues | $ | 14,117 | | | $ | 4,840 | | | $ | 2,399 | | | $ | 2,426 | | | $ | 3,854 | | | $ | 1,549 | | | $ | (2,470) | | | $ | 26,715 | | | 2020 | | | | | | | | | | | | | | | | | Competitive businesses electric revenues | $ | 11,367 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | (920) | | | $ | 10,447 | | | Competitive businesses natural gas revenues | 1,348 | | | — | | | — | | | — | | | — | | | — | | | (3) | | | 1,345 | | | Competitive businesses other revenues | 557 | | | — | | | — | | | — | | | — | | | — | | | (5) | | | 552 | | | Rate-regulated electric revenues | — | | | 4,499 | | | 1,948 | | | 1,763 | | | 3,425 | | | — | | | (50) | | | 11,585 | | | Rate-regulated natural gas revenues | — | | | — | | | 358 | | | 521 | | | 116 | | | — | | | (5) | | | 990 | | | Shared service and other revenues | — | | | — | | | — | | | — | | | 13 | | | 1,440 | | | (1,447) | | | 6 | | | Total operating revenues | $ | 13,272 | | | $ | 4,499 | | | $ | 2,306 | | | $ | 2,284 | | | $ | 3,554 | | | $ | 1,440 | | | $ | (2,430) | | | $ | 24,925 | | | | | | | | | | | | | | | | | | Intersegment revenues(c): | | | | | | | | | | | | | | | | | 2021 | $ | 872 | | | $ | 19 | | | $ | 6 | | | $ | 20 | | | $ | 10 | | | $ | 1,542 | | | $ | (2,469) | | | $ | — | | | 2020 | 932 | | | 31 | | | 7 | | | 16 | | | 13 | | | 1,435 | | | (2,430) | | | 4 | | | Depreciation and amortization: | | | | | | | | | | | | | | | | | 2021 | $ | 2,735 | | | $ | 893 | | | $ | 259 | | | $ | 434 | | | $ | 614 | | | $ | 52 | | | $ | 1 | | | $ | 4,988 | | | 2020 | 1,161 | | | 841 | | | 259 | | | 405 | | | 585 | | | 61 | | | — | | | 3,312 | | | Operating expenses: | | | | | | | | | | | | | | | | | 2021 | $ | 14,605 | | | $ | 3,833 | | | $ | 1,908 | | | $ | 2,080 | | | $ | 3,167 | | | $ | 1,572 | | | $ | (2,407) | | | $ | 24,758 | | | 2020 | 12,674 | | | 3,798 | | | 1,900 | | | 1,903 | | | 3,057 | | | 1,452 | | | (2,397) | | | 22,387 | | | Interest expense, net: | | | | | | | | | | | | | | | | | 2021 | $ | 225 | | | $ | 292 | | | $ | 119 | | | $ | 103 | | | $ | 201 | | | $ | 241 | | | $ | (1) | | | $ | 1,180 | | | 2020 | 277 | | | 287 | | | 108 | | | 99 | | | 201 | | | 269 | | | — | | | 1,241 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Generation | | ComEd | | PECO | | BGE | | PHI | | Other(a) | | Intersegment
Eliminations | | Exelon | | Income (loss) before income taxes: | | | | | | | | | | | | | | | | | 2021 | $ | (8) | | | $ | 750 | | | $ | 392 | | | $ | 266 | | | $ | 538 | | | $ | (264) | | | $ | 1 | | | $ | 1,675 | | | 2020 | 532 | | | 446 | | | 310 | | | 299 | | | 340 | | | (262) | | | — | | | 1,665 | | | Income Taxes: | | | | | | | | | | | | | | | | | 2021 | $ | 108 | | | $ | 141 | | | $ | 9 | | | $ | (24) | | | $ | 3 | | | $ | (8) | | | $ | — | | | $ | 229 | | | 2020 | 41 | | | 142 | | | (7) | | | 26 | | | (77) | | | 16 | | | — | | | 141 | | | Net income (loss): | | | | | | | | | | | | | | | | | 2021 | $ | (122) | | | $ | 609 | | | $ | 383 | | | $ | 290 | | | $ | 535 | | | $ | (255) | | | $ | 1 | | | $ | 1,441 | | | 2020 | 485 | | | 304 | | | 317 | | | 273 | | | 418 | | | (278) | | | — | | | 1,519 | | | Capital Expenditures: | | | | | | | | | | | | | | | | | 2021 | $ | 1,086 | | | $ | 1,723 | | | $ | 878 | | | $ | 907 | | | $ | 1,299 | | | $ | 77 | | | $ | — | | | $ | 5,970 | | | 2020 | 1,212 | | | 1,583 | | | 824 | | | 838 | | | 1,072 | | | 77 | | | — | | | 5,606 | | | Total assets: | | | | | | | | | | | | | | | | | September 30, 2021 | $ | 48,010 | | | $ | 36,002 | | | $ | 13,733 | | | $ | 12,197 | | | $ | 24,502 | | | $ | 8,387 | | | $ | (10,210) | | | $ | 132,621 | | | December 31, 2020 | 48,094 | | | 34,466 | | | 12,531 | | | 11,650 | | | 23,736 | | | 9,005 | | | (10,165) | | | 129,317 | |
__________ (a)Other primarily includes Exelon’s corporate operations, shared service entities, and other financing and investment activities. (b)Includes gross utility tax receipts from customers. The offsetting remittance of utility taxes to the governing bodies is recorded in expenses in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. See Note 18 — Supplemental Financial Information for additional information on total utility taxes. (c)Intersegment revenues exclude sales to unconsolidated affiliates. The intersegment profit associated with Generation’s sale of certain products and services by and between Exelon’s segments is not eliminated in consolidation due to the recognition of intersegment profit in accordance with regulatory accounting guidance. For Exelon, these amounts are included in Operating revenues in the Consolidated Statements of Operations and Comprehensive Income. See Note 19 — Related Party Transactions for additional information on intersegment revenues. PHI: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pepco | | DPL | | ACE | | Other(a) | | Intersegment
Eliminations | | PHI | Operating revenues(b): | | | | | | | | | | | | | 2021 | | | | | | | | | | | | | Rate-regulated electric revenues | $ | 1,736 | | | $ | 922 | | | $ | 1,080 | | | $ | — | | | $ | (12) | | | $ | 3,726 | | | Rate-regulated natural gas revenues | — | | | 118 | | | — | | | — | | | — | | | 118 | | | Shared service and other revenues | — | | | — | | | — | | | 281 | | | (271) | | | 10 | | | Total operating revenues | $ | 1,736 | | | $ | 1,040 | | | $ | 1,080 | | | $ | 281 | | | $ | (283) | | | $ | 3,854 | | | 2020 | | | | | | | | | | | | | Rate-regulated electric revenues | $ | 1,650 | | | $ | 838 | | | $ | 952 | | | $ | — | | | $ | (15) | | | $ | 3,425 | | | Rate-regulated natural gas revenues | — | | | 116 | | | — | | | — | | | — | | | 116 | | | Shared service and other revenues | — | | | — | | | — | | | 279 | | | (266) | | | 13 | | | Total operating revenues | $ | 1,650 | | | $ | 954 | | | $ | 952 | | | $ | 279 | | | $ | (281) | | | $ | 3,554 | | Intersegment revenues(c): | | | | | | | | | | | | | 2021 | $ | 4 | | | $ | 6 | | | $ | 2 | | | $ | 281 | | | $ | (283) | | | $ | 10 | | | 2020 | 6 | | | 7 | | | 3 | | | 278 | | | (281) | | | 13 | | | Depreciation and amortization: | | | | | | | | | | | | | 2021 | $ | 302 | | | $ | 157 | | | $ | 133 | | | $ | 22 | | | $ | — | | | $ | 614 | | | 2020 | 282 | | | 143 | | | 134 | | | 26 | | | — | | | 585 | | | Operating expenses: | | | | | | | | | | | | | 2021 | $ | 1,396 | | | $ | 858 | | | $ | 911 | | | $ | 285 | | | $ | (283) | | | $ | 3,167 | | | 2020 | 1,364 | | | 843 | | | 847 | | | 284 | | | (281) | | | 3,057 | | | Interest expense, net: | | | | | | | | | | | | | 2021 | $ | 104 | | | $ | 47 | | | $ | 43 | | | $ | 7 | | | $ | — | | | $ | 201 | | | 2020 | 103 | | | 47 | | | 45 | | | 6 | | | — | | | 201 | | | Income (loss) before income taxes: | | | | | | | | | | | | | 2021 | $ | 273 | | | $ | 144 | | | $ | 129 | | | $ | (8) | | | $ | — | | | $ | 538 | | | 2020 | 211 | | | 71 | | | 67 | | | (9) | | | — | | | 340 | | | Income Taxes: | | | | | | | | | | | | | 2021 | $ | 9 | | | $ | 9 | | | $ | (12) | | | $ | (3) | | | $ | — | | | $ | 3 | | | 2020 | (16) | | | (20) | | | (39) | | | (2) | | | — | | | (77) | | | Net income (loss): | | | | | | | | | | | | | 2021 | $ | 264 | | | $ | 135 | | | $ | 141 | | | $ | (5) | | | $ | — | | | $ | 535 | | | 2020 | 227 | | | 91 | | | 106 | | | (6) | | | — | | | 418 | | | Capital Expenditures: | | | | | | | | | | | | | 2021 | $ | 641 | | | $ | 320 | | | $ | 336 | | | $ | 2 | | | $ | — | | | $ | 1,299 | | | 2020 | 512 | | | 278 | | | 281 | | | 1 | | | — | | | 1,072 | | | Total assets: | | | | | | | | | | | | | September 30, 2021 | $ | 9,748 | | | $ | 5,295 | | | $ | 4,532 | | | $ | 4,977 | | | $ | (50) | | | $ | 24,502 | | | December 31, 2020 | 9,264 | | | 5,140 | | | 4,286 | | | 5,079 | | | (33) | | | 23,736 | |
__________ (a)Other primarily includes PHI’s corporate operations, shared service entities, and other financing and investment activities. (b)Includes gross utility tax receipts from customers. The offsetting remittance of utility taxes to the governing bodies is recorded in expenses in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. See Note 18 — Supplemental Financial Information for additional information on total utility taxes. (c)Includes intersegment revenues with ComEd, BGE, and PECO, which are eliminated at Exelon.
The following tables disaggregate the Registrants' revenue recognized from contracts with customers into categories that depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. For Generation, the disaggregation of revenues reflects Generation’s two primary products of power sales and natural gas sales, with further disaggregation of power sales provided by geographic region. For the Utility Registrants, the disaggregation of revenues reflects the two primary utility services of rate-regulated electric sales and rate-regulated natural gas sales (where applicable), with further disaggregation of these tariff sales provided by major customer groups. Exelon’s disaggregated revenues are consistent with Generation and the Utility Registrants, but exclude any intercompany revenues. Competitive Business Revenues (Generation): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, 2021 | | Revenues from external customers(a) | | Intersegment
Revenues | | Total
Revenues | | Contracts with customers | | Other(b) | | Total | | | | Mid-Atlantic | $ | 3,377 | | | $ | 134 | | | $ | 3,511 | | | $ | 16 | | | $ | 3,527 | | | Midwest | 3,067 | | | (123) | | | 2,944 | | | 1 | | | 2,945 | | | New York | 1,204 | | | (30) | | | 1,174 | | | (1) | | | 1,173 | | | ERCOT | 724 | | | 155 | | | 879 | | | 11 | | | 890 | | | Other Power Regions | 3,043 | | | 713 | | | 3,756 | | | (27) | | | 3,729 | | | Total Competitive Businesses Electric Revenues | 11,415 | | | 849 | | | 12,264 | | | — | | | 12,264 | | | Competitive Businesses Natural Gas Revenues | 1,384 | | | 1,024 | | | 2,408 | | | — | | | 2,408 | | Competitive Businesses Other Revenues(c) | 291 | | | (846) | | | (555) | | | — | | | (555) | | | Total Generation Consolidated Operating Revenues | $ | 13,090 | | | $ | 1,027 | | | $ | 14,117 | | | $ | — | | | $ | 14,117 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, 2020 | | Revenues from external customers(a) | | Intersegment
revenues | | Total
Revenues | | Contracts with customers | | Other(b) | | Total | | | | Mid-Atlantic | $ | 3,692 | | | $ | (152) | | | $ | 3,540 | | | $ | 21 | | | $ | 3,561 | | | Midwest | 2,773 | | | 240 | | | 3,013 | | | (6) | | | 3,007 | | | New York | 1,074 | | | (12) | | | 1,062 | | | (1) | | | 1,061 | | | ERCOT | 579 | | | 155 | | | 734 | | | 20 | | | 754 | | | Other Power Regions | 2,718 | | | 300 | | | 3,018 | | | (34) | | | 2,984 | | | Total Competitive Businesses Electric Revenues | 10,836 | | | 531 | | | 11,367 | | | — | | | 11,367 | | | Competitive Businesses Natural Gas Revenues | 881 | | | 467 | | | 1,348 | | | — | | | 1,348 | | Competitive Businesses Other Revenues(c) | 268 | | | 289 | | | 557 | | | — | | | 557 | | | Total Generation Consolidated Operating Revenues | $ | 11,985 | | | $ | 1,287 | | | $ | 13,272 | | | $ | — | | | $ | 13,272 | |
__________ (a)Includes all wholesale and retail electric sales to third parties and affiliated sales to the Utility Registrants. (b)Includes revenues from derivatives and leases. (c)Other represents activities not allocated to a region. See text above for a description of included activities. Includes unrealized mark-to-market losses of $958 million and gains of $238 million in 2021 and 2020, respectively, and elimination of intersegment revenues. Revenues net of purchased power and fuel expense (Generation): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, 2021 | | Nine Months Ended September 30, 2020 | | RNF from external customers(a) | | Intersegment
RNF | | Total RNF | | RNF from external customers(a) | | Intersegment
RNF | | Total RNF | | Mid-Atlantic | $ | 1,698 | | | $ | 14 | | | $ | 1,712 | | | $ | 1,660 | | | $ | 23 | | | $ | 1,683 | | | Midwest | 2,014 | | | 1 | | | 2,015 | | | 2,180 | | | (2) | | | 2,178 | | | New York | 873 | | | 7 | | | 880 | | | 714 | | | 11 | | | 725 | | | ERCOT | (775) | | | (147) | | | (922) | | | 311 | | | 14 | | | 325 | | | Other Power Regions | 641 | | | (77) | | | 564 | | | 608 | | | (70) | | | 538 | | | Total RNF for Reportable Segments | 4,451 | | | (202) | | | 4,249 | | | 5,473 | | | (24) | | | 5,449 | | Other(b) | 1,563 | | | 202 | | | 1,765 | | | 838 | | | 24 | | | 862 | | | Total Generation RNF | $ | 6,014 | | | $ | — | | | $ | 6,014 | | | $ | 6,311 | | | $ | — | | | $ | 6,311 | |
__________ (a)Includes purchases and sales from/to third parties and affiliated sales to the Utility Registrants. (b)Other represents activities not allocated to a region. See text above for a description of included activities. Primarily includes: •unrealized mark-to-market gains of $1,242 million and gains of $472 million in 2021 and 2020, respectively; •accelerated nuclear fuel amortization associated with announced early plant retirements as discussed in Note 7 — Early Plant Retirements of $148 million and $24 million in 2021 and 2020 respectively; and • the elimination of intersegment RNF. Electric and Gas Revenue by Customer Class (Utility Registrants): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, 2021 | | Revenues from contracts with customers | ComEd | | PECO | | BGE | | PHI | | Pepco | | DPL | | ACE | | Rate-regulated electric revenues | | | | | | | | | | | | | | | Residential | $ | 2,479 | | | $ | 1,325 | | | $ | 1,044 | | | $ | 1,924 | | | $ | 785 | | | $ | 535 | | | $ | 604 | | | Small commercial & industrial | 1,176 | | | 312 | | | 202 | | | 392 | | | 101 | | | 145 | | | 146 | | | Large commercial & industrial | 420 | | | 183 | | | 342 | | | 825 | | | 616 | | | 70 | | | 139 | | | Public authorities & electric railroads | 33 | | | 24 | | | 20 | | | 45 | | | 24 | | | 11 | | | 10 | | Other(a) | 676 | | | 167 | | | 269 | | | 453 | | | 154 | | | 143 | | | 158 | | Total rate-regulated electric revenues(b) | $ | 4,784 | | | $ | 2,011 | | | $ | 1,877 | | | $ | 3,639 | | | $ | 1,680 | | | $ | 904 | | | $ | 1,057 | | | Rate-regulated natural gas revenues | | | | | | | | | | | | | | | Residential | $ | — | | | $ | 251 | | | $ | 354 | | | $ | 67 | | | $ | — | | | $ | 67 | | | $ | — | | | Small commercial & industrial | — | | | 94 | | | 59 | | | 29 | | | — | | | 29 | | | — | | | Large commercial & industrial | — | | | — | | | 103 | | | 5 | | | — | | | 5 | | | — | | | Transportation | — | | | 17 | | | — | | | 11 | | | — | | | 11 | | | — | | Other(c) | — | | | 4 | | | 41 | | | 6 | | | — | | | 6 | | | — | | Total rate-regulated natural gas revenues(d) | $ | — | | | $ | 366 | | | $ | 557 | | | $ | 118 | | | $ | — | | | $ | 118 | | | $ | — | | | Total rate-regulated revenues from contracts with customers | $ | 4,784 | | | $ | 2,377 | | | $ | 2,434 | | | $ | 3,757 | | | $ | 1,680 | | | $ | 1,022 | | | $ | 1,057 | | | | | | | | | | | | | | | | | Other revenues | | | | | | | | | | | | | | | Revenues from alternative revenue programs | $ | 32 | | | $ | 20 | | | $ | (17) | | | $ | 94 | | | $ | 54 | | | $ | 17 | | | $ | 23 | | Other rate-regulated electric revenues(e) | 24 | | | 2 | | | 7 | | | 3 | | | 2 | | | 1 | | | — | | Other rate-regulated natural gas revenues(e) | — | | | — | | | 2 | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | Total other revenues | $ | 56 | | | $ | 22 | | | $ | (8) | | | $ | 97 | | | $ | 56 | | | $ | 18 | | | $ | 23 | | | Total rate-regulated revenues for reportable segments | $ | 4,840 | | | $ | 2,399 | | | $ | 2,426 | | | $ | 3,854 | | | $ | 1,736 | | | $ | 1,040 | | | $ | 1,080 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended September 30, 2020 | | Revenues from contracts with customers | ComEd | | PECO | | BGE | | PHI | | Pepco | | DPL | | ACE | | Rate-regulated electric revenues | | | | | | | | | | | | | | | Residential | $ | 2,389 | | | $ | 1,277 | | | $ | 1,034 | | | $ | 1,825 | | | $ | 779 | | | $ | 501 | | | $ | 545 | | | Small commercial & industrial | 1,067 | | | 291 | | | 183 | | | 355 | | | 101 | | | 127 | | | 127 | | | Large commercial & industrial | 388 | | | 174 | | | 311 | | | 755 | | | 558 | | | 66 | | | 131 | | | Public authorities & electric railroads | 33 | | | 21 | | | 20 | | | 45 | | | 25 | | | 10 | | | 10 | | Other(a) | 663 | | | 171 | | | 233 | | | 471 | | | 166 | | | 148 | | | 159 | | Total rate-regulated electric revenues(b) | $ | 4,540 | | | $ | 1,934 | | | $ | 1,781 | | | $ | 3,451 | | | $ | 1,629 | | | $ | 852 | | | $ | 972 | | | Rate-regulated natural gas revenues | | | | | | | | | | | | | | | Residential | $ | — | | | $ | 252 | | | $ | 342 | | | $ | 68 | | | $ | — | | | $ | 68 | | | $ | — | | | Small commercial & industrial | — | | | 86 | | | 55 | | | 30 | | | — | | | 30 | | | — | | | Large commercial & industrial | — | | | — | | | 96 | | | 3 | | | — | | | 3 | | | — | | | Transportation | — | | | 18 | | | — | | | 10 | | | — | | | 10 | | | — | | Other(c) | — | | | 3 | | | 16 | | | 5 | | | — | | | 5 | | | — | | Total rate-regulated natural gas revenues(d) | $ | — | | | $ | 359 | | | $ | 509 | | | $ | 116 | | | $ | — | | | $ | 116 | | | $ | — | | | Total rate-regulated revenues from contracts with customers | $ | 4,540 | | | $ | 2,293 | | | $ | 2,290 | | | $ | 3,567 | | | $ | 1,629 | | | $ | 968 | | | $ | 972 | | | | | | | | | | | | | | | | | Other revenues | | | | | | | | | | | | | | | Revenues from alternative revenue programs | $ | (51) | | | $ | 10 | | | $ | (10) | | | $ | (15) | | | $ | 20 | | | $ | (15) | | | $ | (20) | | Other rate-regulated electric revenues(e) | 10 | | | 3 | | | 3 | | | 2 | | | 1 | | | 1 | | | — | | Other rate-regulated natural gas revenues(e) | — | | | — | | | 1 | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | Total other revenues | $ | (41) | | | $ | 13 | | | $ | (6) | | | $ | (13) | | | $ | 21 | | | $ | (14) | | | $ | (20) | | | Total rate-regulated revenues for reportable segments | $ | 4,499 | | | $ | 2,306 | | | $ | 2,284 | | | $ | 3,554 | | | $ | 1,650 | | | $ | 954 | | | $ | 952 | |
__________ (a)Includes revenues from transmission revenue from PJM, wholesale electric revenue and mutual assistance revenue. (b)Includes operating revenues from affiliates in 2021 and 2020 respectively of: •$19 million, $31 million at ComEd •$5 million, $6 million at PECO •$10 million, $9 million at BGE •$10 million, $13 million at PHI •$4 million, $6 million at Pepco •$6 million, $7 million at DPL •$2 million, $3 million at ACE (c)Includes revenues from off-system natural gas sales. (d)Includes operating revenues from affiliates in 2021 and 2020 respectively of: •$1 million, $1 million at PECO •$10 million, $7 million at BGE (e)Includes late payment charge revenues.
|