Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2015

Income (Loss) from Discontinued Operations, net of income taxes

PHI’s income (loss) from discontinued operations, net of income taxes, is comprised of the following:

	For the Year Ended December 31,
	2015		2014		2013
	(millions of dollars)
Cross-border energy lease investments	$	9	$	—	$	(327	)
Pepco Energy Services’ retail electric and natural gas supply businesses		—		—		5
Income (loss) from discontinued operations, net of income taxes	$	9	$	—	$	(322	)

Discontinued Operations [Member]

Derivative Gain (Loss) for Retail Electric and Natural Gas Supply Businesses

For the years ended December 31, 2015, 2014, and 2013, the amount of the derivative gain (loss) for the retail electric and natural gas supply businesses of Pepco Energy Services recognized in Income (loss) from discontinued operations, net of income taxes is provided in the table below:

	For the Year Ended December 31,
	2015		2014		2013
	(millions of dollars)
Reclassification of mark-to-market to realized on settlement of contracts	$	—	$	—	$	10
Unrealized mark-to-market loss		—		—		—
Total net gain	$	—	$	—	$	10

Cross-Border Energy Lease Investments [Member]

Income (Loss) from Discontinued Operations, net of income taxes

The operating results for the cross-border energy lease investments are as follows:

	For the Year Ended December 31,
	2015		2014		2013
	(millions of dollars)
Operating revenue from PHI’s cross-border energy lease investments	$	—	$	—	$	7
Non-cash charge to reduce carrying value of PHI’s cross-border energy lease investments		—		—		(373	)
Total operating revenue	$	—	$	—	$	(366	)
Income (loss) from operations of discontinued operations, net of income taxes (a)	$	9	$	—	$	(325	)
Net losses associated with the early termination of the cross-border energy lease investments, net of income taxes		—		—		(2	)
Income (loss) from discontinued operations, net of income taxes	$	9	$	—	$	(327	)

(a) Includes income tax benefit of approximately $9 million and $44 million for the years ended December 31, 2015 and 2013, respectively.

Pepco Energy Services [Member] | Discontinued Operations [Member]

Income (Loss) from Discontinued Operations, net of income taxes

The operating results for the retail electric and natural gas supply businesses of Pepco Energy Services are as follows:

	For the Year Ended December 31,
	2015		2014		2013
	(millions of dollars)
Operating revenue	$	—	$	—	$	84
Income from operations of discontinued operations, net of income taxes	$	—	$	—	$	4
Net gains associated with accelerated disposition of retail electric and natural gas contracts, net of income taxes		—		—		1
Income from discontinued operations, net of income taxes (a)	$	—	$	—	$	5

(a) Includes income tax expense of approximately $3 million for the year ended December 31, 2013.