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Consolidated Statements of Cash Flows (Unaudited) - ACE - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Net income $ 1,711 $ 1,739
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 2,616 2,679
Asset impairments 0 46
Gain on sales of assets and businesses 0 (8)
Deferred income taxes and amortization of investment tax credits 210 256
Net fair value changes related to derivatives 21 (59)
Net realized and unrealized (gains) losses on NDT funds 0 205
Net unrealized (gains) losses on equity investments 0 16
Other non-cash operating activities (237) 265
Changes in assets and liabilities:    
Accounts receivable 82 (1,049)
Inventories (8) (121)
Accounts payable and accrued expenses (454) 823
Option premiums paid, net 0 (39)
Collateral (paid) received, net (183) 1,456
Income taxes 50 3
Regulatory assets and liabilities, net (395) (689)
Pension and non-pension postretirement benefit contributions (97) (596)
Other assets and liabilities (24) (786)
Net cash flows provided by operating activities 3,292 4,141
Cash flows from investing activities    
Capital expenditures (5,540) (5,179)
Other investing activities 25 36
Net cash flows used in investing activities (5,515) (4,986)
Cash flows from financing activities    
Changes in short-term borrowings (1,116) (335)
Issuance of long-term debt 5,300 5,801
Retirement of long-term debt (1,209) (2,067)
Dividends paid on common stock (1,074) (999)
Other financing activities (101) (121)
Net cash flows provided by financing activities 2,080 499
(Decrease) increase in cash, restricted cash, and cash equivalents (143) (346)
Cash, restricted cash, and cash equivalents at beginning of period 1,090 1,619
Cash, restricted cash, and cash equivalents at end of period 947 1,273
Supplemental cash flow information    
Decrease in capital expenditures not paid (169) (147)
Atlantic City Electric Company    
Cash flows from operating activities    
Net income 122 131
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization 212 192
Deferred income taxes and amortization of investment tax credits 24 2
Other non-cash operating activities (2) 36
Changes in assets and liabilities:    
Accounts receivable (85) (53)
Receivables from and payables to affiliates, net (6) (10)
Inventories (11) (6)
Accounts payable and accrued expenses (4) (10)
Collateral (paid) received, net (45) 70
Income taxes 6 7
Regulatory assets and liabilities, net (28) (6)
Pension and non-pension postretirement benefit contributions (1) (7)
Other assets and liabilities (80) (54)
Net cash flows provided by operating activities 102 292
Cash flows from investing activities    
Capital expenditures (376) (284)
Other investing activities 0 1
Net cash flows used in investing activities (376) (283)
Cash flows from financing activities    
Changes in short-term borrowings 173 (144)
Issuance of long-term debt 75 175
Changes in Exelon intercompany money pool 17 0
Dividends paid on common stock (111) (128)
Contributions from parent 65 175
Other financing activities (3) (4)
Net cash flows provided by financing activities 216 74
(Decrease) increase in cash, restricted cash, and cash equivalents (58) 83
Cash, restricted cash, and cash equivalents at beginning of period 72 29
Cash, restricted cash, and cash equivalents at end of period 14 112
Supplemental cash flow information    
Decrease in capital expenditures not paid $ (56) $ (12)