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Regulatory Matters - Narrative (Details)
GWh in Millions
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Dec. 31, 2030
May 31, 2014
USD ($)
Jun. 30, 2017
USD ($)
Mar. 31, 2017
USD ($)
GWh
Dec. 31, 2016
USD ($)
Jun. 30, 2016
USD ($)
Mar. 31, 2016
USD ($)
Jun. 30, 2015
USD ($)
Jun. 30, 2016
USD ($)
Dec. 31, 2017
Dec. 31, 2016
USD ($)
Jun. 01, 2019
Jun. 01, 2018
Jun. 01, 2017
Sep. 30, 2016
USD ($)
Aug. 31, 2010
USD ($)
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       $ 11,381,000,000 $ 11,388,000,000           $ 11,388,000,000          
Business Combination, Integration Related Costs [1],[2]       9,000,000     $ 102,000,000                  
Capital Expenditures Incurred but Not yet Paid       (298,000,000)     (290,000,000)                  
Regulatory Liabilities       4,939,000,000 4,789,000,000           4,789,000,000          
Regulatory assets       10,051,000,000 10,046,000,000           10,046,000,000          
Regulatory Liability, Current       637,000,000 602,000,000           602,000,000          
Other Commitment       3,212,000,000                        
Fair Value, Net Asset (Liability)       2,400,000,000                        
Commonwealth Edison Co [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       1,215,000,000 1,167,000,000           1,167,000,000          
Business Combination, Integration Related Costs [2]       0     (8,000,000) [3]                  
Public Utilities, Requested Rate Increase (Decrease), Amended, Amount       11,000,000                        
Capital Expenditures Incurred but Not yet Paid       25,000,000     25,000,000                  
Regulatory Liabilities       3,803,000,000 3,698,000,000           3,698,000,000          
Public Utilities, Requested Rate Increase (Decrease), Amount       $ 44,000,000                        
Public Utilities, Interim Rate Increase (Decrease), Amount                     $ (8,000,000)          
Approved ROE       11.50%                        
Public Utilities, Requested Rate Increase (Decrease), Percentage       8.40%             8.34%          
Regulatory assets       $ 1,032,000,000 977,000,000           $ 977,000,000          
Regulatory Liability, Current       311,000,000 329,000,000           329,000,000          
Other Commitment       219,000,000                        
SocialCarbonCost       16.50                        
NuclearFacilityPurchaseAmount       0.16                        
LowIncomeEnergyAssistanceContributionAnnual       $ 10,000,000                        
LowIncomeEnergyAssistanceContributionLength       5                        
Low Income Sector Consumption Reduction Targets Act 129 Phase II       0.10%                        
Renewable Energy Resources Cumulatively Increase       1.50%                        
DecouplingImpactOnOperatingRevenuesAndRegulatoryAssets       $ 16,000,000                        
Commonwealth Edison Co [Member] | Electric Distribution [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Public Utilities, Requested Rate Increase (Decrease), Amended, Amount       96,000,000 (18,000,000)           127,000,000          
Public Utilities, Requested Rate Increase (Decrease), Amount       78,000,000             134,000,000          
Public Utilities, Approved Rate Increase (Decrease), Amount       $ 18,000,000             $ 7,000,000          
Requested Debt and Equity Return on Distribution       6.47%             6.45%          
ICC Approved Rate Increase (Decrease), Amount       $ 18,000,000             $ 7,000,000          
Commonwealth Edison Co [Member] | Minimum [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
FutureEnergyEfficiencySpending       $ 250,000,000                        
Renewable Energy Resources Cumulatively Increase       11.50%                        
Commonwealth Edison Co [Member] | Maximum [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
ResidentialCustomerRateIncrease       25.00%                        
CommercialAndIndustrialCustomerRateIncrease       1.30%                        
Renewable Energy Resources Cumulatively Increase       25.00%                        
Commonwealth Edison Company [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
CumulativeAnnualEnergyEfficiencyGoal | GWh       88                        
PECO Energy Co [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       $ 1,748,000,000 1,710,000,000           1,710,000,000          
Business Combination, Integration Related Costs [2]       1,000,000     2,000,000                  
Capital Expenditures Incurred but Not yet Paid       0     (65,000,000)                  
Regulatory Liabilities       691,000,000 644,000,000           644,000,000          
Regulatory assets       1,708,000,000 1,681,000,000           1,681,000,000          
Regulatory Liability, Current       161,000,000 127,000,000           127,000,000          
Other Commitment       208,000,000                        
Total Projected Natural Gas LTIIP Spend       762,000,000       $ 534,000,000                
Baltimore Gas and Electric Company [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       690,000,000 712,000,000           712,000,000          
Business Combination, Integration Related Costs [2]       2,000,000     2,000,000                  
Public Utilities, Requested Rate Increase (Decrease), Amended, Amount       26,000,000                        
Capital Expenditures Incurred but Not yet Paid       41,000,000     (4,000,000)                  
Regulatory Liabilities       161,000,000 160,000,000           160,000,000          
Public Utilities, Requested Rate Increase (Decrease), Amount       31,000,000                        
Estimated number of smart meters to be installed                               2,000,000
Total smart grid and smart meter investment grant amount                               $ 480,000,000
Reimbursements received from the DOE                               $ 200,000,000
Regulatory assets       $ 499,000,000 504,000,000           504,000,000          
Rate Of Return On Common Equity In Federal Energy Regulatory Committee Complaint       10.50%                        
Regulatory Liability, Current       $ 67,000,000 50,000,000           50,000,000          
Other Commitment       266,000,000                        
Proposed Capital Expenditure       8,000,000                        
Exelon Generation Co L L C [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Business Combination, Integration Related Costs [2]       9,000,000     16,000,000                  
Unregulated Operating Revenue       101,000,000                        
Customer Refund Liability, Noncurrent       20,000,000                        
Capital Expenditures Incurred but Not yet Paid       (354,000,000)     (234,000,000)                  
Customer Refund       20,000,000                        
License Costs       29,000,000                        
Other Commitment       2,404,000,000                        
Exelon Generation Co L L C [Member] | Minimum [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Purchase Obligation       3,000,000                        
Exelon Generation Co L L C [Member] | Maximum [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Purchase Obligation       7,000,000                        
PEPCO Holdings Inc [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Other Commitment       36,000,000                        
Potomac Electric Power Company [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       852,000,000 852,000,000           852,000,000          
Capital Expenditures Incurred but Not yet Paid       (6,000,000)     9,000,000                  
Regulatory Liabilities       29,000,000 31,000,000           31,000,000          
Regulatory assets       $ 679,000,000 690,000,000           690,000,000          
Rate Of Return On Common Equity In Federal Energy Regulatory Committee Complaint       10.50%                        
CapitalProjectFundedByEntity   $ 500,000,000   $ 250,000,000                        
Capital ProjectFundedByBonds   375,000,000   188,000,000                        
CapitalProjectFundedByAgency   125,000,000   62,000,000                        
Regulatory Liability, Current       10,000,000 11,000,000           11,000,000          
Other Commitment       15,000,000                        
Projected Capital Expenditures   $ 1,000,000,000   500,000,000                        
Potomac Electric Power Company [Member] | Electric Distribution [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Public Utilities, Requested Rate Increase (Decrease), Amended, Amount       77,000,000 82,000,000                      
Public Utilities, Requested Rate Increase (Decrease), Amount       69,000,000         $ 86,000,000              
TaxAdjustmentIncludedInPublicUtilitiesRequestedRateIncreaseDecreaseAmount       $ 18,000,000                        
Public Utilities, Requested Rate Increase (Decrease), Percentage       10.10%   10.60%                    
Delmarva Power and Light Company [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       $ 367,000,000 348,000,000           348,000,000          
Business Combination, Integration Related Costs [2]       (7,000,000) [4]     16,000,000                  
Capital Expenditures Incurred but Not yet Paid       9,000,000     8,000,000                  
Regulatory Liabilities       142,000,000 140,000,000           140,000,000          
Public Utilities, Interim Rate Increase (Decrease), Amount           $ 2,500,000                    
Regulatory assets       $ 301,000,000 289,000,000           289,000,000          
Public Utilities, Requested Return on Equity, Percentage       9.70%   10.60%                    
Regulatory Liability, Current       $ 47,000,000 43,000,000           43,000,000          
Other Commitment       $ 11,000,000                        
Requested ROE       9.70%   10.60%                    
Delmarva Power and Light Company [Member] | Gas Distribution [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Public Utilities, Requested Rate Increase (Decrease), Amended, Amount         10,000,000                      
Public Utilities, Requested Rate Increase (Decrease), Amount           $ 22,000,000                    
Gas Revenues Increase Settlement                             $ 0.14  
Delmarva Power and Light Company [Member] | Electric Distribution [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Public Utilities, Requested Rate Increase (Decrease), Amended, Amount       $ 31,500,000 30,000,000                      
Public Utilities, Requested Rate Increase (Decrease), Amount       60,000,000   63,000,000                    
Public Utilities, Approved Rate Increase (Decrease), Amount       $ 38,000,000                        
Approved ROE       9.60%                        
ICC Approved Rate Increase (Decrease), Amount       $ 38,000,000                        
Delmarva Power and Light Company [Member] | Minimum [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Projected Capital Expenditures       4,600,000                        
Atlantic City Electric Company [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       501,000,000 501,000,000           501,000,000          
Business Combination, Integration Related Costs [2]       1,000,000     13,000,000                  
Capital Expenditures Incurred but Not yet Paid       0     $ (9,000,000)                  
Regulatory Liabilities       25,000,000 25,000,000           25,000,000          
Regulatory assets       407,000,000 405,000,000           405,000,000          
Regulatory Liability, Current       25,000,000 25,000,000           25,000,000          
Other Commitment       8,000,000                        
Proposed Capital Expenditure       29,000,000                        
Atlantic City Electric Company [Member] | Electric Distribution [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Public Utilities, Requested Rate Increase (Decrease), Amount       $ 70,000,000                        
Public Utilities, Requested Rate Increase (Decrease), Percentage       10.10%                        
Advanced Metering Infrastructure Costs [Member] | Commonwealth Edison Co [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       $ 26,000,000 23,000,000           23,000,000          
Advanced Metering Infrastructure Costs [Member] | Baltimore Gas and Electric Company [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       140,000,000                        
Under Recovered Energy And Transmission Costs [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       71,000,000 89,000,000           89,000,000          
Under Recovered Energy And Transmission Costs [Member] | Commonwealth Edison Co [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets [5]       18,000,000 23,000,000           23,000,000          
Business Combination, Integration Related Costs       8,000,000 8,000,000                      
Under Recovered Energy And Transmission Costs [Member] | PECO Energy Co [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       0 0           0          
Under Recovered Energy And Transmission Costs [Member] | Baltimore Gas and Electric Company [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets [6]       19,000,000 38,000,000           38,000,000          
Under Recovered Energy And Transmission Costs [Member] | Potomac Electric Power Company [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       6,000,000 6,000,000           6,000,000          
Under Recovered Energy And Transmission Costs [Member] | Delmarva Power and Light Company [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets [7]       5,000,000 5,000,000           5,000,000          
Under Recovered Energy And Transmission Costs [Member] | Atlantic City Electric Company [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets [8]       23,000,000 17,000,000           17,000,000          
Merger Integration Costs [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       32,000,000 25,000,000           25,000,000          
Merger Integration Costs [Member] | Commonwealth Edison Co [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets         0           0          
Merger Integration Costs [Member] | PECO Energy Co [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       0 0           0          
Merger Integration Costs [Member] | Baltimore Gas and Electric Company [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets [9]       8,000,000 10,000,000 6,000,000     6,000,000   10,000,000          
Merger Integration Costs [Member] | Potomac Electric Power Company [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       11,000,000 [10] 11,000,000           11,000,000          
Merger Integration Costs [Member] | Delmarva Power and Light Company [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets [10]       13,000,000 4,000,000           4,000,000          
Merger Integration Costs [Member] | Delmarva Power and Light Company [Member] | Electric Distribution [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       8,000,000                        
Other Income       5,000,000                        
Merger Integration Costs [Member] | Atlantic City Electric Company [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       0 0           0          
MergerIntegrationCostsToBeRecoveredInDelawareServiceTerritory [Member] | Delmarva Power and Light Company [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets [10]       8,000,000                        
MergerIntegrationCostsToBeRecoveredInMarylandServiceTerritory [Member] | Delmarva Power and Light Company [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets [10]       5,000,000                        
Under Recovered Distribution Service Costs [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       211,000,000 188,000,000           188,000,000          
Under Recovered Distribution Service Costs [Member] | Commonwealth Edison Co [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets [11]       211,000,000 188,000,000           188,000,000          
Business Combination, Integration Related Costs       10,000,000             11,000,000          
Under Recovered Distribution Service Costs [Member] | PECO Energy Co [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       0 0           0          
Under Recovered Distribution Service Costs [Member] | Baltimore Gas and Electric Company [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       0 0           0          
Under Recovered Distribution Service Costs [Member] | Potomac Electric Power Company [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       0 0           0          
Under Recovered Distribution Service Costs [Member] | Delmarva Power and Light Company [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       0 0           0          
Under Recovered Distribution Service Costs [Member] | Atlantic City Electric Company [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       0 0           0          
AMI Expenses [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       689,000,000 701,000,000           701,000,000          
AMI Expenses [Member] | Commonwealth Edison Co [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       165,000,000 164,000,000           164,000,000          
AMI Expenses [Member] | PECO Energy Co [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       46,000,000 49,000,000           49,000,000          
AMI Expenses [Member] | Baltimore Gas and Electric Company [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       225,000,000 230,000,000 [12]           230,000,000 [12]          
Regulatory assets       225,000,000 230,000,000           230,000,000          
Amount of Impairment to Carrying Amount of Regulatory Assets       52,000,000                        
AMI Expenses [Member] | Potomac Electric Power Company [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       170,000,000 [12] 174,000,000           174,000,000          
AMI Expenses [Member] | Delmarva Power and Light Company [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       83,000,000 [12] 84,000,000           84,000,000          
AMI Expenses [Member] | Atlantic City Electric Company [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       0 0           0          
Energy Efficiency And Demand Response Programs [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       596,000,000 621,000,000           621,000,000          
Energy Efficiency And Demand Response Programs [Member] | Commonwealth Edison Co [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       0 0           0          
Energy Efficiency And Demand Response Programs [Member] | PECO Energy Co [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       1,000,000 1,000,000           1,000,000          
Energy Efficiency And Demand Response Programs [Member] | Baltimore Gas and Electric Company [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       269,000,000 285,000,000           285,000,000          
Energy Efficiency And Demand Response Programs [Member] | Potomac Electric Power Company [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       241,000,000 250,000,000           250,000,000          
Energy Efficiency And Demand Response Programs [Member] | Delmarva Power and Light Company [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       84,000,000 85,000,000           85,000,000          
Energy Efficiency And Demand Response Programs [Member] | Atlantic City Electric Company [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       1,000,000 $ 0           $ 0          
Legacy AMI [Member] | Baltimore Gas and Electric Company [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Regulatory Assets       $ 53,000,000   $ 56,000,000     $ 56,000,000              
Subsequent Event [Member] | Commonwealth Edison Co [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
EnergyEfficiencyAnnualCumulativeSavings 21.50%                 6.60%            
RenewableEnergyRetailLoad                       100.00% 75.00% 50.00%    
Subsequent Event [Member] | Delmarva Power and Light Company [Member] | Gas Distribution [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Public Utilities, Requested Rate Increase (Decrease), Amended, Amount     $ 4,900,000                          
Public Utilities, Requested Return on Equity, Percentage     9.70%                          
Requested ROE     9.70%                          
Subsequent Event [Member] | Atlantic City Electric Company [Member]                                
Regulatory Matters Additional Narrative Information [Line Items]                                
Proposed Capital Expenditure     $ 32,000,000                          
[1] Reflects costs (benefits) recorded at Exelon related to financing, including mark-to-market activity on forward-starting interest rate swaps.
[2] The costs incurred are classified primarily within Operating and maintenance expense in the Registrants’ respective Consolidated Statements of Operations and Comprehensive Income, with the exception of the financing costs, which are included within Interest expense. Costs do not include merger commitments discussed above.
[3] For the three months ended March 31, 2016, includes the reversal of previously incurred acquisition, integration and financing costs of $9 million, incurred at ComEd that have been deferred and recorded as a regulatory asset for anticipated recovery. See Note 5—Regulatory Matters for more information.
[4] For the three months ended March 31, 2017, includes the reversal of previously incurred acquisition, integration and financing costs of $8 million, incurred at DPL that have been deferred and recorded as a regulatory asset for anticipated recovery. See Note 5—Regulatory Matters for more information.
[5] As of March 31, 2017, ComEd’s regulatory asset of $18 million included $10 million associated with transmission costs recoverable through its FERC approved formula rate and $8 million of Constellation merger and integration costs to be recovered upon FERC approval. As of March 31, 2017, ComEd’s regulatory liability of $38 million included $6 million related to over-recovered energy costs and $32 million associated with revenues received for renewable energy requirements. As of December 31, 2016, ComEd’s regulatory asset of $23 million included $15 million associated with transmission costs recoverable through its FERC approved formula rate and $8 million of Constellation merger and integration costs to be recovered upon FERC approval. As of December 31, 2016, ComEd’s regulatory liability of $60 million included $30 million related to over-recovered energy costs and $30 million associated with revenues received for renewable energy requirements.
[6] As of March 31, 2017, PECO's regulatory liability of $66 million included $41 million related to over-recovered costs under the DSP program, $13 million related to the over-recovered natural gas costs under the PGC, $10 million related to over-recovered non-bypassable transmission service charges and $2 million related to over-recovered electric transmission costs. As of December 31, 2016, PECO's regulatory liability of $56 million included $34 million related to over-recovered costs under the DSP program, $10 million related to over-recovered non-bypassable transmission service charges, $8 million related to the over-recovered natural gas costs under the PGC and $4 million related to the over-recovered electric transmission costs.
[7] As of March 31, 2017, Pepco's regulatory asset of $6 million included $2 million of transmission costs recoverable through its FERC approved formula rate and $4 million of under-recovered electric energy costs. As of March 31, 2017, Pepco's regulatory liability of $7 million included $2 million of over-recovered transmission costs and $5 million of over-recovered electric energy costs. As of December 31, 2016, Pepco's regulatory asset of $6 million related to under-recovered electric energy costs. As of December 31, 2016, Pepco's regulatory liability of $8 million included $5 million of over-recovered transmission costs and $3 million of over-recovered electric energy costs.
[8] As of March 31, 2017, DPL's regulatory asset of $5 million related to under-recovered electric energy costs. As of March 31, 2017, DPL's regulatory liability of $12 million included $9 million of over-recovered electric energy costs, $1 million of over-recovered transmission costs, and $2 million of over-recovered gas cost. As of December 31, 2016, DPL's regulatory asset of $5 million included $1 million of transmission costs recoverable through its FERC approved formula rate and $4 million of under-recovered electric energy costs. As of December 31, 2016, DPL's regulatory liability of $5 million included $2 million of over-recovered electric energy costs and $3 million of over-recovered transmission costs.
[9] As of March 31, 2017, ACE's regulatory asset of $23 million included $10 million of transmission costs recoverable through its FERC approved formula rate and $13 million of under-recovered electric energy costs. As of March 31, 2017, ACE's regulatory liability of $8 million included $2 million of over-recovered transmission costs and $6 million of over-recovered electric energy costs. As of December 31, 2016, ACE's regulatory asset of $17 million included $6 million of transmission costs recoverable through its FERC approved formula rate and $11 million of under-recovered electric energy costs. As of December 31, 2016, ACE's regulatory liability of $5 million included $4 million of over-recovered transmission costs and $1 million of over-recovered electric energy costs.
[10] As of March 31, 2017, BGE's regulatory asset of $8 million included $6 million of previously incurred PHI acquisition costs as authorized by the June 2016 rate case order.
[11] As of March 31, 2017, ComEd’s regulatory asset of $211 million was comprised of $158 million for the 2015 - 2017 annual reconciliations and $53 million related to significant one-time events including $17 million of deferred storm costs, $10 million of Constellation and PHI merger and integration related costs and $26 million of smart meter related costs. As of December 31, 2016, ComEd’s regulatory asset of $188 million was comprised of $134 million for the 2015 and 2016 annual reconciliations and $54 million related to significant one-time events, including $20 million of deferred storm costs and $11 million of Constellation and PHI merger and integration related costs, and $23 million of smart meter related costs. ComEd's 2015 annual reconciliation regulatory asset included a reduction of $8 million related to a ComEd-proposed refund to customers for the impact of changing its OSHA recordable rate for 2014 and 2015. See Note 4— Merger, Acquisitions, and Dispositions of the Exelon 2016 Form 10-K for further information.
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