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Consolidated Balance Sheets (USD $)
In Millions
Sep. 30, 2011
Dec. 31, 2010
CURRENT ASSETS  
Cash and cash equivalents$ 103$ 20
Restricted cash equivalents1711
Accounts receivable, less allowance for uncollectible accounts9891,027
Inventories146126
Derivative assets1545
Prepayments of income taxes147276
Deferred income tax assets, net6990
Prepaid expenses and other13151
Conectiv Energy assets held for sale1111
Total Current Assets1,6181,757
INVESTMENTS AND OTHER ASSETS  
Goodwill1,4071,407
Regulatory assets1,9151,915
Investment in finance leases held in trust1,336[1]1,423[1]
Income taxes receivable85114
Restricted cash equivalents115
Assets and accrued interest related to uncertain tax positions811
Other169169
Conectiv Energy assets held for sale16
Total Investments and Other Assets4,9325,050
PROPERTY, PLANT AND EQUIPMENT  
Property, plant and equipment12,63312,120
Accumulated depreciation(4,613)(4,447)
Net Property, Plant and Equipment8,0207,673
TOTAL ASSETS14,57014,480
CURRENT LIABILITIES  
Short-term debt545534
Current portion of long-term debt and project funding11375
Accounts payable and accrued liabilities534587
Capital lease obligations due within one year88
Taxes accrued11296
Interest accrued8045
Liabilities and accrued interest related to uncertain tax positions33
Derivative liabilities3366
Other255321
Liabilities associated with Conectiv Energy assets held for sale 62
Total Current Liabilities1,6831,797
DEFERRED CREDITS  
Regulatory liabilities530528
Deferred income taxes, net2,8912,714
Investment tax credits2326
Pension benefit obligation239332
Other postretirement benefit obligations413429
Income taxes payable 2
Liabilities and accrued interest related to uncertain tax positions49148
Derivative liabilities821
Other181175
Liabilities associated with Conectiv Energy assets held for sale 10
Total Deferred Credits4,3344,385
LONG-TERM LIABILITIES  
Long-term debt3,7943,629
Transition bonds issued by ACE Funding306332
Long-term project funding1415
Capital lease obligations8286
Total Long-Term Liabilities4,1964,062
COMMITMENTS AND CONTINGENCIES  
EQUITY  
Common stock22
Premium on stock and other capital contributions3,3123,275
Accumulated other comprehensive loss(71)(106)
Retained earnings1,1141,059
Total Shareholders' Equity4,3574,230
Non-controlling interest 6
Total Equity4,3574,236
TOTAL LIABILITIES AND EQUITY14,57014,480
Potomac Electric Power Co [Member]
  
CURRENT ASSETS  
Cash and cash equivalents7088
Accounts receivable, less allowance for uncollectible accounts375373
Inventories5444
Prepayments of income taxes3095
Income taxes receivable3137
Prepaid expenses and other3834
Total Current Assets598671
INVESTMENTS AND OTHER ASSETS  
Regulatory assets259191
Prepaid pension expense296274
Investment in trust3125
Income taxes receivable2434
Other5557
Total Investments and Other Assets665581
PROPERTY, PLANT AND EQUIPMENT  
Property, plant and equipment6,4756,185
Accumulated depreciation(2,697)(2,609)
Net Property, Plant and Equipment3,7783,576
TOTAL ASSETS5,0414,828
CURRENT LIABILITIES  
Accounts payable and accrued liabilities196194
Accounts payable due to associated companies6975
Capital lease obligations due within one year88
Taxes accrued7362
Interest accrued3618
Other108119
Total Current Liabilities490476
DEFERRED CREDITS  
Regulatory liabilities169147
Deferred income taxes, net1,033958
Investment tax credits57
Other postretirement benefit obligations7067
Income taxes payable 3
Liabilities and accrued interest related to uncertain tax positions7152
Other6564
Total Deferred Credits1,4131,298
LONG-TERM LIABILITIES  
Long-term debt1,5401,540
Capital lease obligations8286
Total Long-Term Liabilities1,6221,626
COMMITMENTS AND CONTINGENCIES  
EQUITY  
Premium on stock and other capital contributions705705
Retained earnings811723
Total Equity1,5161,428
TOTAL LIABILITIES AND EQUITY5,0414,828
Delmarva Power & Light Co/De [Member]
  
CURRENT ASSETS  
Cash and cash equivalents1269
Accounts receivable, less allowance for uncollectible accounts172212
Inventories4641
Prepayments of income taxes5362
Prepaid expenses and other3122
Total Current Assets314406
INVESTMENTS AND OTHER ASSETS  
Goodwill88
Regulatory assets232242
Prepaid pension expense166139
Other2321
Total Investments and Other Assets429410
PROPERTY, PLANT AND EQUIPMENT  
Property, plant and equipment3,1193,000
Accumulated depreciation(925)(901)
Net Property, Plant and Equipment2,1942,099
TOTAL ASSETS2,9372,915
CURRENT LIABILITIES  
Short-term debt105105
Current portion of long-term debt and project funding6635
Accounts payable and accrued liabilities9298
Accounts payable due to associated companies2034
Taxes accrued76
Interest accrued127
Derivative liabilities1315
Other5573
Total Current Liabilities370373
DEFERRED CREDITS  
Regulatory liabilities294310
Deferred income taxes, net641561
Investment tax credits67
Other postretirement benefit obligations2522
Liabilities and accrued interest related to uncertain tax positions1424
Derivative liabilities58
Other3639
Total Deferred Credits1,021971
LONG-TERM LIABILITIES  
Long-term debt699730
COMMITMENTS AND CONTINGENCIES  
EQUITY  
Premium on stock and other capital contributions347347
Retained earnings500494
Total Equity847841
TOTAL LIABILITIES AND EQUITY2,9372,915
Atlantic City Electric Co [Member]
  
CURRENT ASSETS  
Cash and cash equivalents914
Restricted cash equivalents1611
Accounts receivable, less allowance for uncollectible accounts224212
Inventories2417
Prepayments of income taxes2855
Income taxes receivable525
Prepaid expenses and other369
Total Current Assets424333
INVESTMENTS AND OTHER ASSETS  
Regulatory assets661667
Prepaid pension expense7451
Income taxes receivable6159
Restricted cash equivalents115
Assets and accrued interest related to uncertain tax positions3538
Other1411
Total Investments and Other Assets856831
PROPERTY, PLANT AND EQUIPMENT  
Property, plant and equipment2,5152,443
Accumulated depreciation(758)(729)
Net Property, Plant and Equipment1,7571,714
TOTAL ASSETS3,0372,878
CURRENT LIABILITIES  
Short-term debt23181
Current portion of long-term debt and project funding3735
Accounts payable and accrued liabilities132120
Accounts payable due to associated companies1529
Taxes accrued97
Interest accrued2113
Other4041
Total Current Liabilities277426
DEFERRED CREDITS  
Regulatory liabilities6771
Deferred income taxes, net696659
Investment tax credits78
Other postretirement benefit obligations3127
Other1713
Total Deferred Credits818778
LONG-TERM LIABILITIES  
Long-term debt832633
Transition bonds issued by ACE Funding306332
Total Long-Term Liabilities1,138965
COMMITMENTS AND CONTINGENCIES  
REDEEMABLE SERIAL PREFERRED STOCK 6
EQUITY  
Common stock2626
Premium on stock and other capital contributions576516
Retained earnings202161
Total Equity804703
TOTAL LIABILITIES AND EQUITY$ 3,037$ 2,878
[1]Excludes the credit ratings associated with collateral posted by the lessees in these transactions.