XML 135 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
CURRENT ASSETS    
Cash and cash equivalents $ 23 $ 25
Restricted cash equivalents 13 10
Accounts receivable, less allowance for uncollectible accounts 835 804
Inventories 148 153
Prepayments of income taxes 40 59
Deferred income tax assets, net 51 28
Income taxes receivable 234 69
Prepaid expenses and other 53 81
Assets held for disposition 1 38
Total Current Assets 1,398 1,267
OTHER ASSETS    
Goodwill 1,407 1,407
Regulatory assets 2,087 2,614
Income taxes receivable 67 217
Restricted cash equivalents 14 17
Assets and accrued interest related to uncertain tax positions 8 18
Derivative assets   8
Other 163 163
Assets held for disposition   1,237
Total Other Assets 3,746 5,681
PROPERTY, PLANT AND EQUIPMENT    
Property, plant and equipment 14,567 13,625
Accumulated depreciation (4,863) (4,779)
Net Property, Plant and Equipment 9,704 8,846
TOTAL ASSETS 14,848 15,794
CURRENT LIABILITIES    
Short-term debt 565 965
Current portion of long-term debt 446 569
Accounts payable 215 196
Accrued liabilites 301 357
Capital lease obligations due within one year 9 8
Taxes accrued 56 75
Interest accrued 47 47
Liabilities and accrued interest related to uncertain tax positions 397 9
Derivative liabilities   4
Other 276 272
Liabilities associated with assets held for disposition 1 41
Total Current Liabilities 2,313 2,543
DEFERRED CREDITS    
Regulatory liabilities 399 501
Deferred income tax liabilities, net 2,928 3,208
Investment tax credits 17 20
Pension benefit obligation 116 449
Other postretirement benefit obligations 206 454
Liabilities and accrued interest related to uncertain tax positions 28 15
Derivative liabilities   11
Other 189 191
Liabilities associated with assets held for disposition   2
Total Deferred Credits 3,883 4,851
OTHER LONG-TERM LIABILITIES    
Long-term debt 4,053 3,648
Transition bonds issued by ACE Funding 214 256
Long-term project funding 10 12
Capital lease obligations 60 70
Total Other Long-Term Liabilities 4,337 3,986
COMMITMENTS AND CONTINGENCIES      
EQUITY    
Common stock 3 2
Premium on stock and other capital contributions 3,751 3,383
Accumulated other comprehensive loss (34) (48)
Retained earnings 595 1,077
Total Equity 4,315 4,414
TOTAL LIABILITIES AND EQUITY 14,848 15,794
Potomac Electric Power Co [Member]
   
CURRENT ASSETS    
Cash and cash equivalents 9 9
Restricted cash equivalents 3  
Accounts receivable, less allowance for uncollectible accounts 345 318
Inventories 67 69
Prepayments of income taxes 9 9
Deferred income tax assets, net 48 9
Income taxes receivable 104 31
Prepaid expenses and other 18 16
Total Current Assets 603 461
OTHER ASSETS    
Regulatory assets 563 487
Prepaid pension expense 332 353
Investment in trust 33 31
Income taxes receivable 36 102
Other 66 59
Total Other Assets 1,030 1,032
PROPERTY, PLANT AND EQUIPMENT    
Property, plant and equipment 7,310 6,850
Accumulated depreciation (2,772) (2,705)
Net Property, Plant and Equipment 4,538 4,145
TOTAL ASSETS 6,171 5,638
CURRENT LIABILITIES    
Short-term debt 151 231
Current portion of long-term debt 175 200
Accounts payable 132 110
Accrued liabilites 90 104
Accounts payable due to associated companies 32 41
Capital lease obligations due within one year 9 8
Taxes accrued 34 58
Interest accrued 20 17
Liabilities and accrued interest related to uncertain tax positions 37  
Customer deposits 46 48
Other 75 58
Total Current Liabilities 801 875
DEFERRED CREDITS    
Regulatory liabilities 113 141
Deferred income tax liabilities, net 1,412 1,219
Investment tax credits 3 4
Other postretirement benefit obligations 61 66
Liabilities and accrued interest related to uncertain tax positions 10 53
Other 65 66
Total Deferred Credits 1,664 1,549
OTHER LONG-TERM LIABILITIES    
Long-term debt 1,724 1,501
Capital lease obligations 60 70
Total Other Long-Term Liabilities 1,784 1,571
COMMITMENTS AND CONTINGENCIES      
EQUITY    
Common stock      
Premium on stock and other capital contributions 930 755
Retained earnings 992 888
Total Equity 1,922 1,643
TOTAL LIABILITIES AND EQUITY 6,171 5,638
Delmarva Power & Light Co/De [Member]
   
CURRENT ASSETS    
Cash and cash equivalents 2 6
Accounts receivable, less allowance for uncollectible accounts 208 201
Inventories 51 53
Prepayments of income taxes 10 10
Deferred income tax assets, net 59 11
Income taxes receivable 5 10
Assets and accrued interest related to uncertain tax positions 17  
Prepaid expenses and other 9 9
Total Current Assets 361 300
OTHER ASSETS    
Goodwill 8 8
Regulatory assets 311 288
Prepaid pension expense 228 232
Assets and accrued interest related to uncertain tax positions 3 20
Other 13 12
Total Other Assets 563 560
PROPERTY, PLANT AND EQUIPMENT    
Property, plant and equipment 3,673 3,422
Accumulated depreciation (1,016) (1,000)
Net Property, Plant and Equipment 2,657 2,422
TOTAL ASSETS 3,581 3,282
CURRENT LIABILITIES    
Short-term debt 252 137
Current portion of long-term debt 100 250
Accounts payable 46 40
Accrued liabilites 71 85
Accounts payable due to associated companies 22 20
Taxes accrued 4 4
Interest accrued 6 6
Derivative liabilities   4
Other 60 61
Total Current Liabilities 561 607
DEFERRED CREDITS    
Regulatory liabilities 229 258
Deferred income tax liabilities, net 816 697
Investment tax credits 5 5
Other postretirement benefit obligations 23 22
Other 36 41
Total Deferred Credits 1,109 1,023
OTHER LONG-TERM LIABILITIES    
Long-term debt 867 667
COMMITMENTS AND CONTINGENCIES      
EQUITY    
Common stock      
Premium on stock and other capital contributions 407 407
Retained earnings 637 578
Total Equity 1,044 985
TOTAL LIABILITIES AND EQUITY 3,581 3,282
Atlantic City Electric Co [Member]
   
CURRENT ASSETS    
Cash and cash equivalents 3 6
Restricted cash equivalents 10 10
Accounts receivable, less allowance for uncollectible accounts 186 192
Inventories 28 30
Prepayments of income taxes 17 27
Deferred income tax assets, net 15 10
Income taxes receivable 118 5
Assets and accrued interest related to uncertain tax positions 12  
Prepaid expenses and other 16 11
Total Current Assets 390 281
OTHER ASSETS    
Regulatory assets 569 694
Prepaid pension expense 106 88
Income taxes receivable 29 133
Restricted cash equivalents 14 17
Assets and accrued interest related to uncertain tax positions 5 12
Derivative assets   8
Other 12 12
Total Other Assets 735 964
PROPERTY, PLANT AND EQUIPMENT    
Property, plant and equipment 2,901 2,771
Accumulated depreciation (751) (787)
Net Property, Plant and Equipment 2,150 1,984
TOTAL ASSETS 3,275 3,229
CURRENT LIABILITIES    
Short-term debt 138 133
Current portion of long-term debt 148 108
Accounts payable 21 26
Accrued liabilites 105 121
Accounts payable due to associated companies 15 14
Taxes accrued 12 10
Interest accrued 13 15
Customer deposits 22 25
Other 23 22
Total Current Liabilities 497 474
DEFERRED CREDITS    
Regulatory liabilities 57 102
Deferred income tax liabilities, net 833 766
Investment tax credits 5 6
Other postretirement benefit obligations 35 34
Derivative liabilities   11
Other 14 18
Total Deferred Credits 944 937
OTHER LONG-TERM LIABILITIES    
Long-term debt 753 760
Transition bonds issued by ACE Funding 214 256
Total Other Long-Term Liabilities 967 1,016
COMMITMENTS AND CONTINGENCIES      
EQUITY    
Common stock 26 26
Premium on stock and other capital contributions 651 576
Retained earnings 190 200
Total Equity 867 802
TOTAL LIABILITIES AND EQUITY $ 3,275 $ 3,229