Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2012

Delmarva Power & Light Co/De [Member]

In addition to the PHI Service Company charges described above, DPL’s financial statements include the following related party transactions in its statements of income:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2012		2011		2012		2011
	*(millions of dollars)*
Purchased power under Default Electricity Supply contracts with Conectiv Energy Supply, Inc. (a)	$	—	$	—	$	—	$	1
Intercompany lease transactions (b)		1		1		3		3

(a)	Included in Purchased energy expense.

(b)	Included in Electric revenue.

As of September 30, 2012 and December 31, 2011, DPL had the following balances on its balance sheets due to related parties:


	September 30, 2012			December 31, 2011
	*(millions of dollars)*
Payable to Related Party (current) (a)
PHI Service Company	$	(23	)	$	(20	)
Conectiv Energy Supply, Inc.		—			(1	)

Total	$	(23	)	$	(21	)

(a)	Included in Accounts payable due to associated companies.

Atlantic City Electric Co [Member]

In addition to the PHI Service Company charges described above, ACE’s consolidated financial statements include the following related party transactions in the consolidated statements of income:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
	*(millions of dollars)*
Meter reading services provided by Millennium Account Services LLC (an ACE affiliate) (a)	$	(1	)	$	(1	)	$	(3	)	$	(3	)
Intercompany lease transactions (a)		—			—			(1	)		(1	)
Intercompany use revenue (b)		—			1			1			2

(a)	Included in Other operation and maintenance expense.

(b)	Included in operating revenue.

As of September 30, 2012 and December 31, 2011, ACE had the following balances on its consolidated balance sheets due to related parties:


	September 30, 2012			December 31, 2011
	*(millions of dollars)*
Payable to Related Party (current) (a)
PHI Service Company	$	(15	)	$	(12	)
Other		(1	)		(2	)

Total	$	(16	)	$	(14	)

(a)	Included in Accounts payable due to associated companies.

Potomac Electric Power Co [Member]


	September 30, 2012			December 31, 2011
	*(millions of dollars)*
(Payable to) Receivable from Related Party (current) (a)
PHI Parent Company	$	—		$	15
PHI Service Company		(30	)		(32	)
Pepco Energy Services (b)		(25	)		(40	)

Total	$	(55	)	$	(57	)

(a)	Included in Accounts payable due to associated companies.

(b)	Pepco bills customers on behalf of Pepco Energy Services where customers have selected Pepco Energy Services as their alternative energy supplier or where Pepco Energy Services has performed work for certain government agencies under a General Services Administration area-wide agreement.