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Leases (All Registrants)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Leases of Lessee Disclosure [Text Block]
Lessee
The Registrants have operating and finance leases for which they are the lessees. The following tables outline the significant types of leases at each registrant and other terms and conditions of the lease agreements as of December 31, 2022. Exelon, ComEd, PECO, and BGE did not have material finance leases in 2022, 2021, or in 2020.
Exelon ComEdPECOBGE PHIPepcoDPLACE
Real estate●●●●●●●●
Vehicles and equipment●●●●●●●●
(in years)Exelon ComEdPECOBGEPHIPepcoDPLACE
Remaining lease terms1-831-31-111-831-91-91-91-7
Options to extend the term3-30N/AN/AN/A3-3053-305
Options to terminate within1-101N/AN/AN/AN/AN/AN/A
The components of operating lease costs were as follows:
Exelon ComEdPECOBGEPHIPepcoDPLACE
For the year ended December 31, 2022
Operating lease costs$66 $2 $— $15 $42 $10 $12 $6 
Variable lease costs8 1 — — 2 1 1 1 
Total lease costs(a)
$74 $3 $— $15 $44 $11 $13 $7 
For the year ended December 31, 2021
Operating lease costs$84 $3 $— $30 $43 $10 $12 $6 
Variable lease costs7 1 — 1 1 — — — 
Total lease costs(a)
$91 $4 $— $31 $44 $10 $12 $6 
For the year ended December 31, 2020
Operating lease costs$98 $3 $1 $33 $46 $11 $13 $6 
Variable lease costs7 1 — 1 2 1 1 — 
Total lease costs(a)
$105 $4 $1 $34 $48 $12 $14 $6 
__________
(a)Excludes sublease income recorded at Exelon, PHI, and DPL of $4 million, $4 million, and $4 million for the years ended December 31, 2022, 2021, and 2020, respectively.
The components of financing lease costs were as follows:
PHIPepcoDPLACE
For the year ended December 31, 2022
Amortization of ROU asset$14 $5 $6 $3 
Interest on lease liabilities4 1 2 1 
Total finance lease cost$18 $6 $8 $4 
For the year ended December 31, 2021
Amortization of ROU asset$11 $4 $4 $3 
Interest on lease liabilities2 1 1 — 
Total finance lease cost$13 $5 $5 $3 
For the year ended December 31, 2020
Amortization of ROU asset$7 $3 $3 $2 
Interest on lease liabilities2 — 1 — 
Total finance lease cost$9 $3 $4 $2 
The following tables provide additional information regarding the presentation of operating and finance lease ROU assets and lease liabilities within the Registrants’ Consolidated Balance Sheets:
Operating Leases
Exelon ComEdPECOBGEPHIPepcoDPLACE
As of December 31, 2022
Operating lease ROU assets
Other deferred debits and other assets$265 $2 $1 $2 $180 $36 $39 $9 
Operating lease liabilities
Other current liabilities40 2 — — 31 6 8 3 
Other deferred credits and other liabilities266 — 1 4 167 34 42 7 
Total operating lease liabilities$306 $2 $1 $4 $198 $40 $50 $10 
As of December 31, 2021
Operating lease ROU assets
Other deferred debits and other assets$271 $5 $1 $16 $209 $43 $46 $11 
Operating lease liabilities
Other current liabilities52 2 — 15 31 6 8 3 
Other deferred credits and other liabilities263 3 1 4 195 40 49 9 
Total operating lease liabilities$315 $5 $1 $19 $226 $46 $57 $12 
Finance Leases
PHIPepcoDPLACE
As of December 31, 2022
Finance lease ROU assets
Plant, property and equipment, net$74 $25 $31 $18 
Finance lease liabilities
Long-term debt due within one year12 4 5 3 
Long-term debt64 21 27 16 
Total finance lease liabilities$76 $25 $32 $19 
As of December 31, 2021
Finance lease ROU assets
Plant, property and equipment, net$73 $25 $29 $19 
Finance lease liabilities
Long-term debt due within one year10 3 4 3 
Long-term debt64 23 25 16 
Total finance lease liabilities$74 $26 $29 $19 
The weighted average remaining lease terms, in years, for operating and finance leases were as follows:
Operating Leases
Exelon ComEdPECOBGEPHIPepcoDPLACE
As of December 31, 20229.51.05.570.96.88.17.93.3
As of December 31, 20218.93.36.113.77.58.68.53.5
As of December 31, 20209.03.84.28.38.29.19.14.0
Finance Leases
PHIPepcoDPLACE
As of December 31, 20225.55.45.55.6
As of December 31, 20216.15.96.16.3
As of December 31, 20206.56.36.56.5
The weighted average discount rates for operating and finance leases were as follows:
Operating Leases
ExelonComEdPECOBGEPHIPepcoDPLACE
As of December 31, 20223.9 %2.6 %2.3 %4.5 %4.2 %4.0 %4.0 %3.3 %
As of December 31, 20214.0 %2.8 %2.2 %4.0 %4.2 %4.0 %4.0 %3.4 %
As of December 31, 20204.0 %3.0 %2.9 %3.8 %4.2 %4.0 %4.0 %3.5 %
Finance Leases
PHIPepcoDPLACE
As of December 31, 20222.3 %2.3 %2.3 %2.4 %
As of December 31, 20212.2 %2.3 %2.1 %2.1 %
As of December 31, 20202.5 %2.6 %2.4 %2.4 %
Future minimum lease payments for operating and finance leases as of December 31, 2022 were as follows:
Operating Leases
YearExelon ComEdPECOBGEPHIPepcoDPLACE
2023$52 $2 $— $1 $37 $7 $10 $4 
202445 — — — 35 6 9 3 
202543 — — — 34 6 7 2 
202639 — — — 30 5 5 1 
202739 — — — 29 4 6 1 
Remaining years161 — 1 18 67 20 25 — 
Total379 2 1 19 232 48 62 11 
Interest73 — — 15 34 8 12 1 
Total operating lease liabilities$306 $2 $1 $4 $198 $40 $50 $10 

Finance Leases
YearPHIPepcoDPLACE
2023$14 $5 $6 $3 
202414 5 6 3 
202515 5 6 4 
202615 5 6 4 
202712 4 5 3 
Remaining years12 4 5 3 
Total82 28 34 20 
Interest6 3 2 1 
Total finance lease liabilities$76 $25 $32 $19 
Cash paid for amounts included in the measurement of operating and finance lease liabilities were as follows:
Operating cash flows from operating leases
ExelonComEdPECOBGEPHIPepcoDPLACE
For the year ended December 31, 2022$66 $3 $— $16 $37 $8 $9 $4 
For the year ended December 31, 202193 3 — 46 39 8 9 4 
For the year ended December 31, 202067 3 1 20 39 8 9 4 
Financing cash flows from finance leases
PHIPepcoDPLACE
For the year ended December 31, 2022$13 $5 $5 $3 
For the year ended December 31, 202110 3 4 3 
For the year ended December 31, 20206 2 3 1 
ROU assets obtained in exchange for operating and finance lease obligations were as follows:
Operating Leases
ExelonComEdPECOBGEPHIPepcoDPLACE
For the year ended December 31, 2022$46 $— $— $— $2 $— $1 $1 
For the year ended December 31, 20211 — — (1)1 — 1 — 
For the year ended December 31, 2020(2)— 1 — (1)— (1)— 
Finance Leases
PHIPepcoDPLACE
For the year ended December 31, 2022$14 $4 $7 $3 
For the year ended December 31, 202132 12 12 8 
For the year ended December 31, 202029 8 14 7 
Leases of Lessor Disclosure [Text Block]
Lessor
The Registrants have operating leases for which they are the lessors. The following tables outline the significant types of leases at each registrant and other terms and conditions of their lease agreements as of December 31, 2022. ACE did not have any operating leases for which they are the lessors for the years ended December 31, 2022 and 2021. During 2020, ACE was the lessor for an operating lease, which expired in that year and resulted in less than $1 million in operating lease income.
Exelon ComEdPECOBGEPHIPepcoDPL
Real estate●●●●●●●
(in years)Exelon ComEdPECOBGEPHIPepcoDPL
Remaining lease terms1-801-141-80201-101-39-10
Options to extend the term5-795-795-50N/AN/AN/AN/A
The components of lease income were as follows:
Exelon ComEdPECOBGEPHIPepcoDPL
For the year ended December 31, 2022
Operating lease income$4 $— $— $— $4 $— $3 
Variable lease income1 — — — 1 — 1 
For the year ended December 31, 2021
Operating lease income$5 $— $— $— $4 $— $3 
Variable lease income1 — — — 1 — 1 
For the year ended December 31, 2020
Operating lease income$5 $— $— $— $3 $— $3 
Variable lease income1 — — — 1 — 1 
Future minimum lease payments to be recovered under operating leases as of December 31, 2022 were as follows:
YearExelon ComEdPECOBGEPHIPepcoDPL
2023$5 $1 $— $— $4 $— $3 
20245 1 — — 3 — 3 
20255 — — — 4 — 5 
20265 — — — 5 — 4 
20275 — — — 5 — 4 
Remaining years27 — 4 1 23 — 22 
Total $52 $2 $4 $1 $44 $— $41