Related Party Transactions (All Registrants)

9 Months Ended

Sep. 30, 2023

Related Party Transactions [Abstract]

Related Party Transactions (All Registrants)

Related Party Transactions (All Registrants)

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 affiliate and an immaterial amount recorded as Operating and maintenance expense from affiliates at the Utility Registrants. Effective February 1, 2022, Generation is no longer considered a related party.

	Nine Months Ended September 30,
	2022
ComEd(a)	$	59
PECO(b)	33
BGE(c)	18
PHI	51
Pepco(d)	39
DPL(e)	10
ACE(f)	2

__________

(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.

Service Company Costs for Corporate Support

The Registrants receive a variety of corporate support services from BSC. Pepco, DPL, and ACE also receive corporate support services from PHISCO. See Note 1 — Significant Accounting Policies for additional information regarding BSC and PHISCO.

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

	Operating and maintenance from affiliates								Capitalized costs
	Three Months Ended September 30,				Nine Months Ended September 30,				Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022		2023		2022		2023		2022
Exelon
BSC									$	162	$	156	$	502	$	500
PHISCO									25		20		74		60
ComEd
BSC	$	92	$	69	$	263	$	234	71		70		230		222
PECO
BSC	55		44		160		140		29		24		89		80
BGE
BSC	58		46		166		148		23		26		69		86
PHI
BSC	50		39		135		135		39		36		114		112
PHISCO	—		—		—		—		24		20		73		60
Pepco
BSC	30		24		85		80		13		13		41		41
PHISCO	31		28		91		86		9		8		30		24
DPL
BSC	19		16		54		51		12		11		32		34
PHISCO	24		24		73		73		7		7		22		20
ACE
BSC	16		13		45		42		13		12		39		37
PHISCO	23		20		67		63		7		5		20		16

Current Receivables from/Payables to affiliates

The following tables present current Receivables from affiliates and current Payables to affiliates:

September 30, 2023

	Receivables from affiliates:
Payables to affiliates:	ComEd		PECO		BGE		Pepco		DPL		ACE		BSC		PHISCO		Other		Total
ComEd			$	—	$	—	$	—	$	—	$	—	$	57	$	—	$	5	$	62
PECO	$	—			—		—		—		—		31		—		6		37
BGE	—		—				—		—		—		31		—		2		33
PHI	—		—		—		—		—		—		6		—		11		17
Pepco	—		—		—				—		—		16		15		1		32
DPL	—		1		—		—				—		13		11		—		25
ACE	—		—		—		—		—				11		10		1		22
Other	3		—		—		—		—		3		(1)		1				6
Total	$	3	$	1	$	—	$	—	$	—	$	3	$	164	$	37	$	26	$	234

December 31, 2022

	Receivables from affiliates:
Payables to affiliates:	ComEd		PECO		BGE		Pepco		DPL		ACE		BSC		PHISCO		Other		Total
ComEd			$	—	$	—	$	—	$	—	$	—	$	66	$	—	$	8	$	74
PECO	$	—			—		—		—		—		39		—		3		42
BGE	—		—				—		—		—		38		—		1		39
PHI	—		—		—		—		—		—		4		—		10		14
Pepco	—		—		—				—		—		20		13		1		34
DPL	—		2		—		—				—		12		8		—		22
ACE	—		2		—		—		—				14		9		1		26
Other	3		—		—		—		—		1		—		—				4
Total	$	3	$	4	$	—	$	—	$	—	$	1	$	193	$	30	$	24	$	255

Borrowings from Exelon/PHI intercompany money pool

To provide an additional short-term borrowing option that will generally be more favorable to the borrowing participants than the cost of external financing both Exelon and PHI operate an intercompany money pool. PECO and PHI Corporate participate in the Exelon intercompany money pool. Pepco, DPL, and ACE participate in the PHI intercompany money pool.

Long-term debt to financing trusts

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

	September 30, 2023						December 31, 2022
	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