Leasing Activities (Tables)

12 Months Ended

Dec. 31, 2012

Cross-Border Energy Lease Investments

	2012			2011
	(millions of dollars)
Scheduled lease payments to PHI, net of non-recourse debt	$	1,852		$	2,120
Less: Unearned and deferred income		(615	)		(771	)
Investment in finance leases held in trust		1,237			1,349
Less: Deferred income tax liabilities		(756	)		(793	)
Net investment in finance leases held in trust	$	481		$	556

Income Recognized From Cross-Border Energy Lease Investments

	2012		2011			2010
	(millions of dollars)
Pre-tax income from PHI’s cross-border energy lease investments (included in Other Revenue)	$	50	$	55		$	55
Non-cash charge to reduce carrying value of PHI’s cross-border energy lease investments		—		(7	)		(2	)
Pre-tax income from PHI’s cross-border energy lease investments after adjustment		50		48			53
Income tax expense related to PHI’s cross-border energy lease investments		10		10			14
Net income from PHI’s cross-border energy lease investments	$	40	$	38		$	39

Net Investment In Leases By Published Credit Ratings

Lessee Rating (a)	2012		2011
	(millions of dollars)
Rated Entities
AA/Aa and above	$	766	$	737
A		471		612
Total		1,237		1,349
Non Rated Entities		—		—
Total	$	1,237	$	1,349

(a) Excludes the credit ratings of collateral posted by the lessees in these transactions.

Capital Lease Assets Recorded Within Property, Plant And Equipment

	Original Cost		Accumulated Amortization		Net Book Value
At December 31, 2012
Transmission	$	76	$	37	$	39
Distribution		76		37		39
General		3		3		—
Total	$	155	$	77	$	78
At December 31, 2011
Transmission	$	76	$	33	$	43
Distribution		76		33		43
General		3		3		—
Total	$	155	$	69	$	86

Potomac Electric Power Co [Member]

Capital Lease Assets Recorded Within Property, Plant And Equipment

	Original Cost		Accumulated Amortization		Net Book Value
	(millions of dollars)
At December 31, 2012
Transmission	$	76	$	37	$	39
Distribution		76		37		39
Other		3		3		—
Total	$	155	$	77	$	78
At December 31, 2011
Transmission	$	76	$	33	$	43
Distribution		76		33		43
Other		3		3		—
Total	$	155	$	69	$	86