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Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating revenues      
Revenues from alternative revenue programs $ 161 $ 171 $ 6
Total operating revenues 19,078 17,938 16,663
Operating expenses      
Purchased power and/or fuel from affiliates 159 1,178 1,209
Operating and maintenance 4,673 4,547 4,641
Depreciation and Amortization 3,325 3,033 2,891
Taxes other than income 1,390 1,291 1,232
Total operating expenses 15,761 15,256 14,485
Gain on sales of assets and businesses (2) 0 13
Operating income (loss) 3,315 2,682 2,191
Other income and (deductions)      
Interest Expense, net (1,422) (1,264) (1,282)
Interest expense to affiliates (25) (25) (25)
Other, net 535 261 208
Total other income and (deductions) (912) (1,028) (1,099)
Income (loss) before income taxes 2,403 1,654 1,092
Income taxes 349 38 (7)
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 2,054 1,616 1,099
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 117 213 855
Net income (loss) 2,171 1,829 1,954
Net income (loss) attributable to noncontrolling interests 1 123 (9)
Net income (loss) attributable to common shareholders 2,170 1,706 1,963
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic 2,054 1,616 1,099
Net Income (Loss) from Discontinued Operations Available to Common Shareholders, Basic 116 90 864
Other comprehensive income (loss), net of income taxes      
Prior service benefit reclassified to periodic benefit cost (1) (4) (40)
Actuarial loss reclassified to periodic cost 42 223 190
Pension and non-pension postretirement benefit plan valuation adjustment 46 432 (357)
Unrealized (loss) gain on cash flow hedges 2 (1) (3)
Unrealized (loss) gain on foreign currency translation 0 0 4
Other comprehensive income (loss) 89 650 (206)
Comprehensive income (loss) 2,260 2,479 1,748
Comprehensive income attributable to noncontrolling interests 1 123 (9)
Comprehensive income (loss) attributable to common shareholders $ 2,259 $ 2,356 $ 1,757
Average shares of common stock outstanding:      
Basic Average Number of Shares Outstanding 986 979 976
Assumed Exercise and/or Distributions of Stock-Based Awards 1 1 1
Diluted Average Number of Shares Outstanding [1] 987 980 977
Income (Loss) from Continuing Operations, Per Basic Share $ 2.08 $ 1.65 $ 1.13
Income (Loss) from Continuing Operations, Per Diluted Share 2.08 1.65 1.13
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share 0.12 0.09 0.88
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share $ 0.12 $ 0.09 $ 0.88
Earnings per average common share from discontinued operations      
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 0 0 1
Commonwealth Edison Co [Member]      
Operating revenues      
Revenues from alternative revenue programs $ 267 $ 42 $ (47)
Operating revenues from affiliates 16 41 37
Total operating revenues 5,761 6,406 5,904
Operating expenses      
Purchased power and/or fuel from affiliates 59 383 345
Operating and maintenance 1,094 1,048 1,231
Operating and maintenance from affiliates 318 307 289
Depreciation and Amortization 1,323 1,205 1,133
Taxes other than income 374 320 299
Total operating expenses 4,218 5,151 4,950
Gain on sales of assets and businesses (2) 0 0
Operating income (loss) 1,541 1,255 954
Other income and (deductions)      
Interest Expense, net (401) (376) (369)
Interest expense to affiliates (13) (13) (13)
Other, net 54 48 43
Total other income and (deductions) (360) (341) (339)
Income (loss) before income taxes 1,181 914 615
Income taxes 264 172 177
Net income (loss) 917 742 438
Other comprehensive income (loss), net of income taxes      
Comprehensive income (loss) 917 742 438
PECO Energy Co [Member]      
Operating revenues      
Revenues from alternative revenue programs 2 26 16
Operating revenues from affiliates 7 21 9
Total operating revenues 3,903 3,198 3,058
Operating expenses      
Purchased power and/or fuel from affiliates 33 194 188
Operating and maintenance 791 757 816
Operating and maintenance from affiliates 201 177 159
Depreciation and Amortization 373 348 347
Taxes other than income 202 184 172
Total operating expenses 3,102 2,547 2,512
Operating income (loss) 801 651 546
Other income and (deductions)      
Interest Expense, net (165) (149) (136)
Interest expense to affiliates (12) (12) (11)
Other, net 31 26 18
Total other income and (deductions) (146) (135) (129)
Income (loss) before income taxes 655 516 417
Income taxes 79 12 (30)
Net income (loss) 576 504 447
Other comprehensive income (loss), net of income taxes      
Comprehensive income (loss) 576 504 447
Baltimore Gas and Electric Company [Member]      
Operating revenues      
Revenues from alternative revenue programs (47) 12 16
Operating revenues from affiliates 15 31 20
Total operating revenues 3,895 3,341 3,098
Operating expenses      
Purchased power and/or fuel from affiliates 18 233 311
Operating and maintenance 670 618 617
Operating and maintenance from affiliates 207 193 172
Depreciation and Amortization 630 591 550
Taxes other than income 302 283 268
Total operating expenses 3,376 2,860 2,598
Operating income (loss) 519 481 500
Other income and (deductions)      
Interest Expense, net (152) (138) (133)
Other, net 21 30 23
Total other income and (deductions) (131) (108) (110)
Income (loss) before income taxes 388 373 390
Income taxes 8 (35) 41
Net income (loss) 380 408 349
Other comprehensive income (loss), net of income taxes      
Comprehensive income (loss) 380 408 349
Pepco Holdings LLC [Member]      
Operating revenues      
Revenues from alternative revenue programs (59) 91 21
Operating revenues from affiliates 10 13 17
Total operating revenues 5,565 5,041 4,663
Operating expenses      
Purchased power and/or fuel from affiliates 51 367 366
Operating and maintenance 966 925 940
Operating and maintenance from affiliates 191 179 159
Depreciation and Amortization 938 821 782
Taxes other than income 475 458 450
Total operating expenses 4,734 4,240 4,045
Gain on sales of assets and businesses 0 0 11
Operating income (loss) 831 801 629
Other income and (deductions)      
Interest Expense, net (292) (267) (268)
Other, net 78 69 57
Total other income and (deductions) (214) (198) (211)
Income (loss) before income taxes 617 603 418
Income taxes 9 42 (77)
Net income (loss) 608 561 495
Other comprehensive income (loss), net of income taxes      
Comprehensive income (loss) attributable to common shareholders 608 561 495
Potomac Electric Power Company [Member]      
Operating revenues      
Revenues from alternative revenue programs (31) 53 40
Operating revenues from affiliates 5 5 7
Total operating revenues 2,531 2,274 2,149
Operating expenses      
Purchased power and/or fuel from affiliates 39 271 278
Operating and maintenance 284 258 248
Operating and maintenance from affiliates 223 213 205
Depreciation and Amortization 417 403 377
Taxes other than income 382 373 367
Total operating expenses 2,140 1,871 1,799
Gain on sales of assets and businesses 0 0 9
Operating income (loss) 391 403 359
Other income and (deductions)      
Interest Expense, net (150) (140) (138)
Other, net 55 48 38
Total other income and (deductions) (95) (92) (100)
Income (loss) before income taxes 296 311 259
Income taxes (9) 15 (7)
Net income (loss) 305 296 266
Other comprehensive income (loss), net of income taxes      
Comprehensive income (loss) 305 296 266
Delmarva Power & Light Company [Member]      
Operating revenues      
Revenues from alternative revenue programs (9) 14 (7)
Operating revenues from affiliates 6 7 9
Total operating revenues 1,595 1,380 1,271
Operating expenses      
Purchased power and/or fuel from affiliates 10 79 75
Operating and maintenance 183 183 208
Operating and maintenance from affiliates 166 162 153
Depreciation and Amortization 232 210 191
Taxes other than income 72 67 65
Total operating expenses 1,359 1,161 1,120
Operating income (loss) 236 219 151
Other income and (deductions)      
Interest Expense, net (66) (61) (61)
Other, net 13 12 10
Total other income and (deductions) (53) (49) (51)
Income (loss) before income taxes 183 170 100
Income taxes 14 42 (25)
Net income (loss) 169 128 125
Other comprehensive income (loss), net of income taxes      
Comprehensive income (loss) 169 128 125
Atlantic City Electric Company [Member]      
Operating revenues      
Revenues from alternative revenue programs (19) 24 (12)
Operating revenues from affiliates 2 2 4
Total operating revenues 1,431 1,388 1,245
Operating expenses      
Purchased power and/or fuel from affiliates 2 17 13
Operating and maintenance 189 179 192
Operating and maintenance from affiliates 142 141 134
Depreciation and Amortization 261 179 180
Taxes other than income 9 8 8
Total operating expenses 1,225 1,201 1,123
Gain on sales of assets and businesses 0 0 2
Operating income (loss) 206 187 124
Other income and (deductions)      
Interest Expense, net (66) (58) (59)
Other, net 11 4 6
Total other income and (deductions) (55) (54) (53)
Income (loss) before income taxes 151 133 71
Income taxes 3 (13) (41)
Net income (loss) 148 146 112
Other comprehensive income (loss), net of income taxes      
Comprehensive income (loss) 148 146 112
Electricity, US Regulated [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 16,899 16,245 15,236
Operating expenses      
Purchased power and/or fuel 5,380 4,703 4,086
Electricity, US Regulated [Member] | Commonwealth Edison Co [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 5,478 6,323 5,914
Operating expenses      
Purchased power and/or fuel 1,050 1,888 1,653
Electricity, US Regulated [Member] | PECO Energy Co [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 3,156 2,613 2,519
Operating expenses      
Purchased power and/or fuel 1,160 699 645
Electricity, US Regulated [Member] | Baltimore Gas and Electric Company [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 2,890 2,497 2,323
Operating expenses      
Purchased power and/or fuel 1,186 699 509
Electricity, US Regulated [Member] | Pepco Holdings LLC [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 5,376 4,769 4,463
Operating expenses      
Purchased power and/or fuel 1,984 1,417 1,279
Electricity, US Regulated [Member] | Potomac Electric Power Company [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 2,557 2,216 2,102
Operating expenses      
Purchased power and/or fuel 795 353 324
Electricity, US Regulated [Member] | Delmarva Power & Light Company [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 1,360 1,191 1,107
Operating expenses      
Purchased power and/or fuel 567 387 359
Electricity, US Regulated [Member] | Atlantic City Electric Company [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 1,448 1,362 1,253
Operating expenses      
Purchased power and/or fuel 622 677 596
Natural Gas, US Regulated [Member]      
Operating revenues      
Revenue from Contract with Customer, Excluding Assessed Tax 2,018 1,522 1,421
Operating expenses      
Purchased power and/or fuel 834 504 426
Natural Gas, US Regulated [Member] | PECO Energy Co [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 738 538 514
Operating expenses      
Purchased power and/or fuel 342 188 185
Natural Gas, US Regulated [Member] | Baltimore Gas and Electric Company [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 1,037 801 739
Operating expenses      
Purchased power and/or fuel 363 243 171
Natural Gas, US Regulated [Member] | Pepco Holdings LLC [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 238 168 162
Operating expenses      
Purchased power and/or fuel 129 73 69
Natural Gas, US Regulated [Member] | Delmarva Power & Light Company [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 238 168 162
Operating expenses      
Purchased power and/or fuel $ 129 $ 73 $ 69
[1] The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect were none for the year ended December 31, 2022 and 2021 and less than 1 million for the years ended December 31, 2020