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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Dec. 31, 2016
Mar. 24, 2016
Dec. 31, 2015
Current assets      
Cash and cash equivalents $ 635   $ 6,502
Restricted cash and cash equivalents 253   205
Accounts receivable, net      
Customer 4,158   3,187
Other 1,201   912
Mark-to-market derivative assets 917   1,365
Energy Marketing Contracts Assets, Current 88   86
Inventories, net      
Fossil fuel 364   462
Materials and supplies 1,274   1,104
Prepaid utility taxes 1,250   0
Regulatory assets 1,342   759
Other 930   752
Total current assets 12,412   15,334
Property, plant and equipment, net 71,555   57,439
Deferred debits and other assets      
Regulatory assets 10,046   6,065
Nuclear decommissioning trust funds 11,061   10,342
Investments 629   639
Goodwill 6,677   2,672
Mark-to-market derivative assets 492   758
Unamortized energy contract assets 447   484
Pledged assets for Zion Station decommissioning 113   206
Other 1,472   1,445
Deferred Costs and Other Assets 30,937   22,611
Total assets (a) [1] 114,904   95,384
Current liabilities      
Short-term borrowings 1,267   533
Long-term debt due within one year 2,430   1,500
Accounts payable 3,441   2,883
Accrued expenses 3,460   2,376
Payables to affiliates 706   0
Accounts Payable, Related Parties, Current 8   8
Mark-to-market derivative liabilities 282   205
Unamortized energy contract liabilities 407   100
Energy Marketing Accounts Payable 428   302
Payables to Customers 151   0
Regulatory liabilities 602   369
Other 981   842
Total current liabilities 13,457   9,118
Long-term debt 31,575   23,645
Long-term debt to financing trusts 641   641
Deferred credits and other liabilities      
Deferred Income Taxes and Other Tax Liabilities, Noncurrent 18,138   13,776
Asset retirement obligations 9,111   8,585
Pension obligations 4,248   3,385
Non-pension postretirement benefit obligations 1,848   1,618
Spent nuclear fuel obligation 1,024   1,021
Regulatory liabilities 4,187   4,201
Mark-to-market derivative liabilities 392   374
Unamortized energy contract liabilities 830   117
Payable for Zion Station decommissioning 14   90
Other 1,827   1,491
Total deferred credits and other liabilities 41,619   34,658
Total liabilities [1] 87,292   68,062
Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount 0   28
Preferred stock(b) 0   193
Shareholders’ equity      
Common stock 18,794   18,676
Treasury stock, at cost (35 shares at December 31, 2016 and 2015, respectively) (2,327)   (2,327)
Accumulated other comprehensive loss, net (2,660)   (2,624)
Total shareholders’ equity 25,837   25,793
BGE preference stock not subject to mandatory redemption 0   193
Noncontrolling interests 1,775   1,308
Total equity 27,612   27,294
Member’s equity      
Retained earnings 12,030   12,068
Accumulated other comprehensive loss, net (2,660)   (2,624)
Liabilities and Equity 114,904   95,384
Variable Interest Entity, Primary Beneficiary, Aggregated Disclosure [Member]      
Deferred debits and other assets      
Total assets (a) 8,893   8,268
Deferred credits and other liabilities      
Total liabilities 3,356   3,264
Delmarva Power and Light Company [Member]      
Current assets      
Cash and cash equivalents 46   5
Accounts receivable, net      
Customer 136   154
Other 63   96
Inventories, net      
Fossil fuel 7   8
Materials and supplies 32   32
Regulatory assets 59   72
Other 24   21
Receivables from affiliates 3   0
Total current assets 370   388
Property, plant and equipment, net 3,273   3,070
Deferred debits and other assets      
Regulatory assets 289   299
Investments 0   0
Goodwill 8   8
Prepaid pension asset 206   202
Other 7   2
Deferred Costs and Other Assets 510   511
Total assets (a) 4,153   3,969
Current liabilities      
Short-term borrowings 0   105
Long-term debt due within one year 119   204
Accounts payable 88   109
Accrued expenses 36   31
Accounts Payable, Related Parties, Current 38   20
Customer deposits 36   31
Payables to Customers 13   0
Regulatory liabilities 43   49
Other 8   15
Total current liabilities 381   564
Long-term debt 1,221   1,061
Deferred credits and other liabilities      
Deferred Income Taxes and Other Tax Liabilities, Noncurrent 1,056   945
Non-pension postretirement benefit obligations 19   19
Regulatory liabilities 97   111
Other 53   32
Total deferred credits and other liabilities 1,225   1,107
Total liabilities 2,827   2,732
Shareholders’ equity      
Common stock 764   612
Total shareholders’ equity 1,326   1,237
Liabilities And Stockholders Equity Including Portion Attributable To Noncontrolling Interest 4,153   3,969
Member’s equity      
Retained earnings 562   625
Commonwealth Edison Co [Member]      
Current assets      
Cash and cash equivalents 56   67
Restricted cash and cash equivalents 2   2
Accounts receivable, net      
Customer 528   533
Other 218   272
Inventories, net      
Inventories, net 159   164
Regulatory assets 190   218
Other 45   63
Receivables from affiliates 356   199
Total current assets 1,554   1,518
Property, plant and equipment, net 19,335   17,502
Deferred debits and other assets      
Regulatory assets 977   895
Investments 6   6
Goodwill 2,625   2,625
Receivable from affiliates 2,170   2,172
Prepaid pension asset 1,343   1,490
Other 325   324
Deferred Costs and Other Assets 7,446   7,512
Total assets (a) 28,335   26,532
Current liabilities      
Short-term borrowings 0   294
Long-term debt due within one year 425   665
Accounts payable 645   660
Accrued expenses 1,250   706
Accounts Payable, Related Parties, Current 65   62
Mark-to-market derivative liabilities 19   23
Customer deposits 121   131
Regulatory liabilities 329   155
Other 84   70
Total current liabilities 2,938   2,766
Long-term debt 6,608   5,844
Long-term debt to financing trusts 205   205
Deferred credits and other liabilities      
Deferred Income Taxes and Other Tax Liabilities, Noncurrent 5,364   4,914
Asset retirement obligations 119   111
Non-pension postretirement benefit obligations 239   259
Regulatory liabilities 3,369   3,459
Mark-to-market derivative liabilities (239)   224
Other 529   507
Total deferred credits and other liabilities 9,859   9,474
Total liabilities 19,610   18,289
Shareholders’ equity      
Common stock 1,588   1,588
Other paid-in capital 6,150   5,677
Total shareholders’ equity 8,725   8,243
Member’s equity      
Liabilities and Equity 28,335   26,532
Retained Earnings, Unappropriated (1,639)   (1,639)
Retained Earnings, Appropriated 2,626   2,617
Exelon Generation Co L L C [Member]      
Current assets      
Cash and cash equivalents 290   431
Restricted cash and cash equivalents 158   123
Accounts receivable, net      
Customer 2,433   2,095
Other 558   360
Mark-to-market derivative assets 917   1,365
Energy Marketing Contracts Assets, Current 88   86
Inventories, net      
Fossil fuel 292   384
Materials and supplies 935   880
Other 701   535
Receivables from affiliates 156   83
Total current assets 6,528   6,342
Property, plant and equipment, net 25,585   25,843
Deferred debits and other assets      
Nuclear decommissioning trust funds 11,061   10,342
Investments 418   210
Goodwill 47   47
Mark-to-market derivative assets 476   733
Prepaid pension asset 1,595   1,689
Unamortized energy contract assets 447   484
Deferred income taxes 16   6
Pledged assets for Zion Station decommissioning 113   206
Other 688   627
Deferred Costs and Other Assets 14,861   14,344
Total assets (a) [2] 46,974   46,529
Current liabilities      
Short-term borrowings 699   29
Long-term debt due within one year 1,117   90
Accounts payable 1,610   1,583
Accrued expenses 989   935
Accounts Payable, Related Parties, Current 137   104
Mark-to-market derivative liabilities 263   182
Unamortized energy contract liabilities 72   100
Energy Marketing Accounts Payable 428   302
Other 313   356
Notes Payable, Related Parties, Current 55   1,252
Total current liabilities 5,683   4,933
Long-term debt 7,202   7,936
Long-term debt to financing trusts 922   933
Deferred credits and other liabilities      
Deferred Income Taxes and Other Tax Liabilities, Noncurrent 5,585   5,845
Asset retirement obligations 8,922   8,431
Non-pension postretirement benefit obligations 930   924
Spent nuclear fuel obligation 1,024   1,021
Mark-to-market derivative liabilities 153   150
Unamortized energy contract liabilities 80   117
Payable for Zion Station decommissioning 14   90
Other 595   602
Due to Affiliate, Noncurrent 2,608   2,577
Total deferred credits and other liabilities 19,911   19,757
Total liabilities [2] 33,718   33,559
Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount 0   28
Shareholders’ equity      
Accumulated other comprehensive loss, net (54)   (63)
Member’s equity      
Membership interest/Common stock(c) 9,261   8,997
Retained earnings 2,275   2,701
Accumulated other comprehensive loss, net (54)   (63)
Total member’s equity 11,482   11,635
Noncontrolling interests 1,774   1,307
Total equity 13,256   12,942
Liabilities and Equity 46,974   46,529
Exelon Generation Co L L C [Member] | Variable Interest Entity, Primary Beneficiary, Aggregated Disclosure [Member]      
Deferred debits and other assets      
Total assets (a) 8,817   8,235
Deferred credits and other liabilities      
Total liabilities 3,170   3,135
PECO Energy Co [Member]      
Current assets      
Cash and cash equivalents 63   295
Restricted cash and cash equivalents 4   3
Accounts receivable, net      
Customer 306   258
Other 131   146
Inventories, net      
Fossil fuel 35   43
Materials and supplies 27   26
Prepaid utility taxes 9   11
Regulatory assets 29   34
Other 18   24
Due from Affiliates 131   0
Receivables from affiliates 4   2
Total current assets 757   842
Property, plant and equipment, net 7,565   7,141
Deferred debits and other assets      
Regulatory assets 1,681   1,583
Investments 25   28
Receivable from affiliates 438   405
Prepaid pension asset 345   347
Other 20   21
Deferred Costs and Other Assets 2,509   2,384
Total assets (a) 10,831   10,367
Current liabilities      
Long-term debt due within one year 0   300
Accounts payable 342   281
Accrued expenses 104   109
Accounts Payable, Related Parties, Current 63   55
Customer deposits 61   58
Regulatory liabilities 127   112
Other 30   29
Total current liabilities 727   944
Long-term debt 2,580   2,280
Long-term debt to financing trusts 184   184
Deferred credits and other liabilities      
Deferred Income Taxes and Other Tax Liabilities, Noncurrent 3,006   2,792
Asset retirement obligations 28   27
Non-pension postretirement benefit obligations 289   287
Regulatory liabilities 517   527
Other 85   90
Total deferred credits and other liabilities 3,925   3,723
Total liabilities 7,416   7,131
Shareholders’ equity      
Common stock 2,473   2,455
Accumulated other comprehensive loss, net 1   1
Total shareholders’ equity 3,415   3,236
Member’s equity      
Retained earnings 941   780
Accumulated other comprehensive loss, net 1   1
Liabilities and Equity 10,831   10,367
Baltimore Gas and Electric Company [Member]      
Current assets      
Cash and cash equivalents 23   9
Restricted cash and cash equivalents 24   24
Accounts receivable, net      
Customer 395   300
Other 102   112
Inventories, net      
Fossil fuel 30   36
Materials and supplies 38   33
Prepaid utility taxes 15   61
Regulatory assets 208   267
Other 7   3
Total current assets 842   845
Property, plant and equipment, net 7,040   6,597
Deferred debits and other assets      
Regulatory assets 504   514
Investments 12   12
Prepaid pension asset 297   319
Other 9   8
Deferred Costs and Other Assets 822   853
Total assets (a) [3] 8,704   8,295
Current liabilities      
Short-term borrowings 45   210
Long-term debt due within one year 41   378
Accounts payable 205   209
Accrued expenses 175   110
Accounts Payable, Related Parties, Current 55   52
Customer deposits 110   102
Regulatory liabilities 50   38
Other 26   35
Total current liabilities 707   1,134
Long-term debt 2,281   1,480
Long-term debt to financing trusts 252   252
Deferred credits and other liabilities      
Deferred Income Taxes and Other Tax Liabilities, Noncurrent 2,219   2,081
Asset retirement obligations 21   17
Non-pension postretirement benefit obligations 205   209
Regulatory liabilities 110   184
Other 61   61
Total deferred credits and other liabilities 2,616   2,552
Preferred Stock, Value, Outstanding 0   190
Total liabilities [3] $ 5,856   $ 5,418
Preferred Stock, Shares Outstanding 0.00   1,900,000.00
Preferred stock(b) $ 0   $ 190
Shareholders’ equity      
Common stock 1,421   1,367
Total shareholders’ equity 2,848   2,687
BGE preference stock not subject to mandatory redemption 0   190
Total equity 2,848   2,877
Member’s equity      
Retained earnings 1,427   1,320
Liabilities and Equity 8,704   8,295
Baltimore Gas and Electric Company [Member] | Variable Interest Entity, Primary Beneficiary, Aggregated Disclosure [Member]      
Deferred debits and other assets      
Total assets (a) 26   26
Deferred credits and other liabilities      
Total liabilities 42   122
Pepco Holdings LLC [Member] | Predecessor [Member]      
Current assets      
Cash and cash equivalents     26
Restricted cash and cash equivalents     14
Accounts receivable, net      
Customer     581
Other     319
Mark-to-market derivative assets     18
Inventories, net      
Fossil fuel     9
Materials and supplies     122
Regulatory assets     305
Other     80
Total current assets     1,474
Property, plant and equipment, net     10,864
Deferred debits and other assets      
Regulatory assets     2,277
Investments     80
Goodwill     1,406
Mark-to-market derivative assets     0
Prepaid pension asset     0
Deferred income taxes     14
Notes, Loans and Financing Receivable, Gross, Noncurrent     4
Other     69
Deferred Costs and Other Assets     3,850
Total assets (a) [4]     16,188
Current liabilities      
Short-term borrowings     958
Long-term debt due within one year     456
Accounts payable     404
Accrued expenses     266
Accounts Payable, Related Parties, Current     0
Mark-to-market derivative liabilities     0
Unamortized energy contract liabilities     0
Customer deposits     107
Payables to Customers     0
Regulatory liabilities     66
Other     70
Total current liabilities     2,327
Long-term debt     4,823
Deferred credits and other liabilities      
Deferred Income Taxes and Other Tax Liabilities, Noncurrent     3,406
Asset retirement obligations     8
Pension obligations     466
Non-pension postretirement benefit obligations     215
Regulatory liabilities     147
Mark-to-market derivative liabilities     0
Unamortized energy contract liabilities     0
Other     200
Total deferred credits and other liabilities     4,442
Total liabilities [4]     $ 11,592
Preferred Stock, Shares Outstanding     18,000
Preferred stock(b) [5]     $ 183
Shareholders’ equity      
Common stock     15
Accumulated other comprehensive loss, net     (36)
Total shareholders’ equity     4,413
BGE preference stock not subject to mandatory redemption [5]     183
Member’s equity      
Membership interest/Common stock(c) [6]     3,832
Retained earnings     617
Accumulated other comprehensive loss, net     (36)
Total member’s equity     4,413
Liabilities and Equity     16,188
Pepco Holdings LLC [Member] | Predecessor [Member] | Additional Paid-in Capital [Member]      
Shareholders’ equity      
Common stock     3
Other paid-in capital     3,829
Pepco Holdings LLC [Member] | Successor [Member]      
Current assets      
Cash and cash equivalents 170    
Restricted cash and cash equivalents 43    
Accounts receivable, net      
Customer 496    
Other 283    
Mark-to-market derivative assets 0    
Inventories, net      
Fossil fuel 6    
Materials and supplies 116    
Regulatory assets 653    
Other 71    
Total current assets 1,838    
Property, plant and equipment, net 11,598    
Deferred debits and other assets      
Regulatory assets 2,851    
Investments 133    
Goodwill 4,005    
Prepaid pension asset 509    
Deferred income taxes 6    
Notes, Loans and Financing Receivable, Gross, Noncurrent 4    
Other 81    
Deferred Costs and Other Assets 7,589    
Total assets (a) [4] 21,025    
Current liabilities      
Short-term borrowings 522    
Long-term debt due within one year 253    
Accounts payable 458    
Accrued expenses 272    
Accounts Payable, Related Parties, Current 94    
Unamortized energy contract liabilities 335    
Customer deposits 123    
Payables to Customers 101    
Regulatory liabilities 79    
Other 47    
Total current liabilities 2,284    
Long-term debt 5,645    
Deferred credits and other liabilities      
Deferred Income Taxes and Other Tax Liabilities, Noncurrent 3,775    
Asset retirement obligations 14    
Pension obligations 0    
Non-pension postretirement benefit obligations 134    
Regulatory liabilities 158    
Unamortized energy contract liabilities 750    
Other 249    
Total deferred credits and other liabilities 5,080    
Total liabilities [4] 13,009    
Preferred stock(b) 0    
Shareholders’ equity      
Common stock   $ 165  
Accumulated other comprehensive loss, net 0    
BGE preference stock not subject to mandatory redemption 0    
Member’s equity      
Membership interest/Common stock(c) 8,077 7,200  
Retained earnings (61)    
Accumulated other comprehensive loss, net 0    
Total member’s equity 8,016 $ 7,200 [7]  
Liabilities and Equity 21,025    
Potomac Electric Power Company [Member]      
Current assets      
Cash and cash equivalents 9   5
Restricted cash and cash equivalents 33   2
Accounts receivable, net      
Customer 235   230
Other 150   261
Inventories, net      
Inventories, net 63   67
Regulatory assets 162   140
Other 32   21
Total current assets 684   726
Property, plant and equipment, net 5,571   5,162
Deferred debits and other assets      
Regulatory assets 690   661
Investments 102   68
Prepaid pension asset 282   287
Other 6   4
Deferred Costs and Other Assets 1,080   1,020
Total assets (a) 7,335   6,908
Current liabilities      
Short-term borrowings 23   64
Long-term debt due within one year 16   11
Accounts payable 209   145
Accrued expenses 113   119
Accounts Payable, Related Parties, Current 74   30
Customer deposits 53   46
Payables to Customers 68   0
Regulatory liabilities 11   15
Other 29   25
Total current liabilities 596   455
Long-term debt 2,333   2,340
Deferred credits and other liabilities      
Deferred Income Taxes and Other Tax Liabilities, Noncurrent 1,910   1,723
Non-pension postretirement benefit obligations 43   49
Regulatory liabilities 20   29
Other 133   72
Total deferred credits and other liabilities 2,106   1,873
Total liabilities 5,035   4,668
Shareholders’ equity      
Common stock 1,309   1,122
Total shareholders’ equity 2,300   2,240
Liabilities And Stockholders Equity Including Portion Attributable To Noncontrolling Interest 7,335   6,908
Member’s equity      
Retained earnings 991   1,118
Atlantic City Electric Company [Member]      
Current assets      
Cash and cash equivalents 101   3
Restricted cash and cash equivalents 9   12
Accounts receivable, net      
Customer 125   156
Other 44   242
Inventories, net      
Inventories, net 22   23
Regulatory assets 96   98
Other 2   12
Total current assets 399   546
Property, plant and equipment, net 2,521   2,322
Deferred debits and other assets      
Regulatory assets 405   414
Investments 0   0
Prepaid pension asset 84   82
Notes, Loans and Financing Receivable, Gross, Noncurrent 4   4
Other 44   19
Deferred Costs and Other Assets 537   519
Total assets (a) [8] 3,457   3,387
Current liabilities      
Short-term borrowings 0   5
Long-term debt due within one year 35   48
Accounts payable 132   96
Accrued expenses 38   70
Accounts Payable, Related Parties, Current 29   16
Customer deposits 33   30
Payables to Customers 20   0
Regulatory liabilities 25   18
Other 8   14
Total current liabilities 320   297
Long-term debt 1,120   1,153
Deferred credits and other liabilities      
Deferred Income Taxes and Other Tax Liabilities, Noncurrent 917   885
Non-pension postretirement benefit obligations 34   33
Regulatory liabilities 0   7
Other 32   12
Total deferred credits and other liabilities 983   937
Total liabilities [8] 2,423   2,387
Shareholders’ equity      
Common stock 912   773
Total shareholders’ equity 1,034   1,000
Liabilities And Stockholders Equity Including Portion Attributable To Noncontrolling Interest 3,457   3,387
Member’s equity      
Retained earnings $ 122   $ 227
[1] Exelon’s consolidated assets include $8,893 million and $8,268 million at December 31, 2016 and December 31, 2015, respectively, of certain VIEs that can only be used to settle the liabilities of the VIE. Exelon’s consolidated liabilities include $3,356 million and $3,264 million at December 31, 2016 and December 31, 2015, respectively, of certain VIEs for which the VIE creditors do not have recourse to Exelon. See Note 2–Variable Interest Entities.
[2] Generation’s consolidated assets include $8,817 million and $8,235 million at December 31, 2016 and 2015, respectively, of certain VIEs that can only be used to settle the liabilities of the VIE. Generation’s consolidated liabilities include $3,170 million and $3,135 million at December 31, 2016 and 2015, respectively, of certain VIEs for which the VIE creditors do not have recourse to Generation. See Note 2–Variable Interest Entities.
[3] BGE’s consolidated assets include $26 million and $26 million at December 31, 2016 and December 31, 2015, respectively, of BGE’s consolidated VIE that can only be used to settle the liabilities of the VIE. BGE’s consolidated liabilities include $42 million and $122 million at December 31, 2016 and December 31, 2015, respectively, of BGE’s consolidated VIE for which the VIE creditors do not have recourse to BGE. See Note 2 - Variable Interest Entities.
[4] PHI’s consolidated total assets include $49 million and $30 million at December 31, 2016 and 2015, respectively, of PHI's consolidated VIE that can only be used to settle the liabilities of the VIE. PHI’s consolidated total liabilities include $143 million and $172 million at December 31, 2016 and 2015, respectively, of PHI's consolidated VIE for which the VIE creditors do not have recourse to PHI. See Note 2 - Variable Interest Entities.
[5] At December 31, 2015, PHI had 18,000 shares of Series A preferred stock authorized and outstanding, par value $0.01 per share.
[6] At December 31, 2015, PHI's (predecessor) shareholders' equity included $3,829 million of other paid-in capital and $3 million of common stock. At December 31, 2015, PHI had 400,000,000 shares of common stock authorized and 254,289,261 shares of common stock outstanding, par value $0.01 per share.
[7] The March 24, 2016, beginning balance differs from the PHI Merger total purchase price by $59 million related to an acquisition accounting adjustment recorded at Exelon Corporate to reflect unitary state income tax consequences of the merger.
[8] ACE’s consolidated assets include $32 million and $30 million at December 31, 2016 and 2015, respectively, of ACE’s consolidated VIE that can only be used to settle the liabilities of the VIE. ACE’s consolidated liabilities include $126 million and $172 million at December 31, 2016 and 2015, respectively, of ACE’s consolidated VIE for which the VIE creditors do not have recourse to ACE. See Note 2 - Variable Interest Entities.