Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2022

Utility Registrants' expense with Generation

The Utility Registrants incurred expenses from transactions with the Generation affiliate as described in the footnotes to the table below prior to separation on February 1, 2022. Such expenses were primarily recorded as Purchased power from affiliates and an immaterial amount recorded as Operating and maintenance expense from affiliates at the Utility Registrants:


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
ComEd(a)	$	—	$	78	$	59	$	163
PECO(b)	—		41		33		83
BGE(c)	—		58		18		130
PHI	—		77		51		176
Pepco(d)	—		55		39		130
DPL(e)	—		17		10		37
ACE(f)	—		5		2		9

__________

(a)ComEd had an ICC-approved RFP contract with Generation to provide a portion of ComEd’s electric supply requirements. ComEd also purchased RECs and ZECs from Generation.

(b)PECO received electric supply from Generation under contracts executed through PECO’s competitive procurement process. In addition, PECO had a ten-year agreement with Generation to sell solar AECs.

(c)BGE received a portion of its energy requirements from Generation under its MDPSC-approved market-based SOS and gas commodity programs.

(d)Pepco received electric supply from Generation under contracts executed through Pepco's competitive procurement process approved by the MDPSC and DCPSC.

(e)DPL received a portion of its energy requirements from Generation under its MDPSC and DEPSC approved market-based SOS commodity programs.

(f)ACE received electric supply from Generation under contracts executed through ACE's competitive procurement process approved by the NJBPU.

BSC and PHISCO Service Companies

The following table presents the service company costs allocated to the Registrants:


	Operating and maintenance from affiliates								Capitalized costs
	Three Months Ended June 30,				Six Months Ended June 30,				Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021		2022		2021		2022		2021
Exelon
BSC									$	139	$	114	$	344	$	249
PHISCO									21		17		40		36
ComEd
BSC	$	80	$	72	$	165	$	143	67		45		152		102
PECO
BSC	47		40		96		80		20		17		56		44
BGE
BSC	51		45		102		88		22		20		60		43
PHI
BSC	46		37		96		76		30		32		76		60
PHISCO	—		—		—		—		21		17		40		36
Pepco
BSC	27		23		56		45		11		13		28		25
PHISCO	29		28		58		57		8		7		16		15

DPL
BSC	17		15		35		29		9		10		23		19
PHISCO	25		24		49		49		7		5		13		11

ACE
BSC	14		12		29		24		10		8		25		15
PHISCO	22		21		43		43		6		5		11		10

Current Receivables From/Payables To Affiliates

The following tables present current receivables from affiliates and current payables to affiliates:

June 30, 2022


				Receivables from affiliates:
	Payables to affiliates:			ComEd			PECO			BGE			Pepco			DPL			ACE			BSC			PHISCO			Other			Total
ComEd					$	—		$	—		$	—		$	—		$	—		$	57		$	—		$	8		$	65
PECO		$	—					—			—			—			—			25			—			4			29
BGE		—			—						—			—			—			28			—			2			30
PHI		—			—			—			—			—			—			5			—			10			15
Pepco		—			—			—						—			1			14			13			1			29
DPL		—			—			—			9						—			9			10			1			29
ACE		—			—			—			—			—						9			10			1			20
Other		3			—			—			—			—			—			—			—						3
Total		$	3		$	—		$	—		$	9		$	—		$	1		$	147		$	33		$	27		$	220

December 31, 2021


				Receivables from affiliates:
	Payables to affiliates:			ComEd			PECO			BGE			Pepco			DPL			ACE			Generation			BSC			PHISCO			Other			Total
ComEd					$	—		$	—		$	—		$	—		$	—		$	41		$	71		$	—		$	9		$	121
PECO		$	—					—			—			—			—			30			36			—			4			70
BGE		—			—						—			—			—			4			41			—			3			48
PHI		—			1			—			—			—			1			—			5			—			9			16
Pepco		—			—			1						1			1			20			21			12			3			59
DPL		—			—			—			—						—			4			17			11			1			33
ACE		—			—			—			—			—						7			13			9			2			31
Generation		13			—			—			—			—			—						102			—			16			131
Other		3			—			—			—			—			—			11			—			—						14
Total		$	16		$	1		$	1		$	—		$	1		$	2		$	117		$	306		$	32		$	47		$	523

Long Term Debt to Financing Trusts

The following table presents Long-term debt to financing trusts:


	June 30, 2022						December 31, 2021
	Exelon		ComEd		PECO		Exelon		ComEd		PECO
ComEd Financing III	$	206	$	205	$	—	$	206	$	205	$	—
PECO Trust III	81		—		81		81		—		81
PECO Trust IV	103		—		103		103		—		103
Total	$	390	$	205	$	184	$	390	$	205	$	184