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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2016
Mar. 23, 2016
Jun. 30, 2017
Jun. 30, 2016
Operating revenues [Abstract]            
Operating Revenue $ 3,908 $ 3,234     $ 8,468 $ 7,708
Regulated Operating Revenue 3,715 3,676     7,913 6,777
Electric operating revenues 3,511 [1] 3,480 [1]     7,156 [2] 6,136 [2]
Natural gas operating revenues 204 [1] 197 [1]     757 [2] 641 [2]
Operating revenues from affiliates 0 [3] 1 [3]     0 [4] 2 [4]
Revenues 7,623 6,910     16,381 14,485
Operating expenses            
Competitive businesses purchased power and fuel 2,158 1,576     4,952 4,016
Cost of Purchased Power 928 878     2,033 1,692
Operating and maintenance 2,971 2,505     5,431 5,341
Depreciation and amortization 915 941     1,811 1,626
Taxes other than income 420 394     857 720
Total operating expenses 7,392 6,294     15,084 13,395
Gain (Loss) on Disposition of Other Assets 1 31     5 40
Bargain purchase gain 0 0     226 0
Operating income 232 647     1,528 1,130
Other income and (deductions)            
Interest expense, net (426) (366)     (789) (643)
Interest expense to affiliates (10) (10)     (20) (20)
Other, net 205 144     488 258
Total other income and (deductions) (231) (232)     (321) (405)
Income before income taxes 1 415     1,207 725
Income taxes (72) 102     143 285
Equity in losses of unconsolidated affiliates (9) (7)     (18) (10)
Net income 64 306     1,046 430
Net (loss) income attributable to noncontrolling interests and preference stock dividends (16) 39     (30) (10)
Net income attributable to common shareholders 80 267     1,076 440
Other comprehensive income (loss), net of income taxes            
Prior service benefit reclassified to periodic benefit cost (14) (12)     (28) (23)
Actuarial loss reclassified to periodic benefit cost 49 46     98 93
Pension and non-pension postretirement benefit plan valuation adjustment (2) (1)     (58) (3)
Unrealized (loss) gain on cash flow hedges 1 0     (5) 7
Other Comprehensive Income Unrealized Income Loss On Equity Investments Arising During Period Net Of Tax 0 (4)     3 (7)
Unrealized gain on foreign currency translation 2 0     3 6
Unrealized gain on marketable securities 1 2     2 0
Other comprehensive income 35 31     25 59
Comprehensive income 99 337     1,071 489
Comprehensive (loss) income attributable to noncontrolling interests and preference stock dividends (16) 39     (32) (10)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $ 115 $ 298     $ 1,103 $ 499
Average shares of common stock outstanding:            
Weighted average common shares outstanding — basic 934 924     931 923
Weighted average common shares outstanding — diluted 936 926     932 926
Earnings per average common share:            
Basic $ 0.09 $ 0.29     $ 1.16 $ 0.48
Diluted 0.09 0.29     1.15 0.48
Dividends declared per common share $ 0.33 $ 0.32     $ 0.66 $ 0.63
Exelon Generation Co L L C [Member]            
Operating revenues [Abstract]            
Operating Revenue $ 3,906 $ 3,231     $ 8,463 $ 7,702
Operating revenues from affiliates 268 358     598 627
Revenues 4,174 3,589     9,061 8,329
Operating expenses            
Cost of Purchased Power 2,156 1,575     4,952 4,015
Purchased power from affiliate 1 2     3 5
Operating and maintenance 1,824 1,369     3,132 2,665
Operating and maintenance from affiliates 186 161     365 332
Depreciation and amortization 334 408     637 697
Taxes other than income 140 118     282 244
Total operating expenses 4,641 3,633     9,371 7,958
Gain (Loss) on Disposition of Other Assets 0 31     4 31
Bargain purchase gain 0 0     226 0
Operating income (467) (13)     (80) 402
Other income and (deductions)            
Interest expense, net (120) (89)     (209) (176)
Interest expense to affiliates (9) (10)     (19) (20)
Other, net 181 117     440 210
Total other income and (deductions) 52 18     212 14
Income before income taxes (415) 5     132 416
Income taxes (158) (31)     (31) 120
Equity in losses of unconsolidated affiliates (9) (8)     (19) (11)
Net income (266) 28     144 285
Net (loss) income attributable to noncontrolling interests (16) 36     (30) (17)
Net (loss) income attributable to membership interest (250) (8)     174 302
Other comprehensive income (loss), net of income taxes            
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax 0 1     0 0
Unrealized (loss) gain on cash flow hedges 1 (1)     (5) 4
Other Comprehensive Income Unrealized Income Loss On Equity Investments Arising During Period Net Of Tax 0 (2)     4 (4)
Unrealized gain on foreign currency translation 2 0     3 6
Other comprehensive income 1 0     12 (2)
Comprehensive income (265) 28     156 283
Comprehensive (loss) income attributable to noncontrolling interests and preference stock dividends (16) 36     (32) (17)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent (249) (8)     188 300
Commonwealth Edison Co [Member]            
Operating revenues [Abstract]            
Electric operating revenues 1,354 1,283     2,647 2,527
Operating revenues from affiliates 3 3     9 8
Revenues 1,357 1,286     2,656 2,535
Operating expenses            
Purchased power 360 326     689 668
Purchased power from affiliate 18 13     24 18
Operating and maintenance 312 318     620 623
Operating and maintenance from affiliates 65 50     127 113
Depreciation and amortization 211 190     419 379
Taxes other than income 72 65     144 141
Total operating expenses 1,038 962     2,023 1,942
Gain (Loss) on Disposition of Other Assets 0 0     0 5
Operating income 319 324     633 598
Other income and (deductions)            
Interest expense, net (98) (88)     (179) (170)
Interest expense to affiliates (3) (3)     (6) (7)
Other, net 4 3     8 7
Total other income and (deductions) (97) (88)     (177) (170)
Income before income taxes 222 236     456 428
Income taxes 104 91     197 168
Net income 118 145     259 260
Other comprehensive income (loss), net of income taxes            
Comprehensive income 118 145     259 260
PECO Energy Co [Member]            
Operating revenues [Abstract]            
Electric operating revenues 548 585     1,138 1,228
Natural gas operating revenues 80 77     285 273
Operating revenues from affiliates 2 2     3 4
Revenues 630 664     1,426 1,505
Operating expenses            
Purchased power 136 130     292 295
Purchased fuel 27 23     113 100
Purchased power from affiliate 34 64     79 142
Operating and maintenance 153 157     326 333
Operating and maintenance from affiliates 37 33     72 72
Depreciation and amortization 71 67     141 134
Taxes other than income 35 38     74 80
Total operating expenses 493 512     1,097 1,156
Operating income 137 152     329 349
Other income and (deductions)            
Interest expense, net (28) (28)     (56) (56)
Interest expense to affiliates (3) (3)     (6) (6)
Other, net 2 2     3 4
Total other income and (deductions) (29) (29)     (59) (58)
Income before income taxes 108 123     270 291
Income taxes 20 23     55 67
Net income 88 100     215 224
Other comprehensive income (loss), net of income taxes            
Comprehensive income 88 100     215 224
Baltimore Gas and Electric Company [Member]            
Operating revenues [Abstract]            
Electric operating revenues 569 582     1,234 1,260
Natural gas operating revenues 102 94     383 340
Operating revenues from affiliates 3 4     8 9
Revenues 674 680     1,625 1,609
Operating expenses            
Purchased power 115 108     248 235
Purchased fuel 22 20     105 95
Purchased power from affiliate 97 133     231 304
Operating and maintenance 135 177     284 345
Operating and maintenance from affiliates 39 31     73 65
Depreciation and amortization 112 97     239 206
Taxes other than income 56 55     119 114
Total operating expenses 576 621     1,299 1,364
Operating income 98 59     326 245
Other income and (deductions)            
Interest expense, net (22) (20)     (46) (40)
Interest expense to affiliates (4) (4)     (8) (8)
Other, net 4 5     8 11
Total other income and (deductions) (22) (19)     (46) (37)
Income before income taxes 76 40     280 208
Income taxes 31 6     111 73
Net income 45 34     169 135
Preference stock dividends 0 3     0 6
Net income attributable to common shareholders 45 31     169 129
Other comprehensive income (loss), net of income taxes            
Comprehensive income 45 34     169 135
Comprehensive (loss) income attributable to noncontrolling interests and preference stock dividends 0 3     0 6
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 45 31     169 129
Pepco Holdings LLC [Member] | Predecessor [Member]            
Operating revenues [Abstract]            
Electric operating revenues       $ 1,096    
Natural gas operating revenues       57    
Operating revenues from affiliates       0    
Revenues       1,153    
Operating expenses            
Purchased power       471    
Purchased fuel       26    
Purchased power from affiliate       0    
Operating and maintenance       294    
Operating and maintenance from affiliates       0    
Depreciation and amortization       152    
Taxes other than income       105    
Total operating expenses       1,048    
Operating income       105    
Other income and (deductions)            
Interest expense, net       (65)    
Other, net       (4)    
Total other income and (deductions)       (69)    
Income before income taxes       36    
Income taxes       17    
Net income       19    
Other comprehensive income (loss), net of income taxes            
Actuarial loss reclassified to periodic benefit cost       1    
Other comprehensive income       1    
Comprehensive income       $ 20    
Pepco Holdings LLC [Member] | Successor [Member]            
Operating revenues [Abstract]            
Electric operating revenues 1,040 1,030 $ 1,120   2,138  
Natural gas operating revenues 22 26 28   87  
Operating revenues from affiliates 12 10 23   23  
Revenues 1,074 1,066 1,171   2,248  
Operating expenses            
Purchased power 259 263 288   547  
Purchased fuel 9 9 11   39  
Purchased power from affiliate 115 144 155   259  
Operating and maintenance 231 223 670   454  
Operating and maintenance from affiliates 38 23 25   70  
Depreciation and amortization 165 160 174   332  
Taxes other than income 110 108 123   221  
Total operating expenses 927 930 1,446   1,922  
Gain (Loss) on Disposition of Other Assets 1       1  
Operating income 148 136 (275)   327  
Other income and (deductions)            
Interest expense, net (59) (66) (71)   (122)  
Other, net 13 11 12   26  
Total other income and (deductions) (46) (55) (59)   (96)  
Income before income taxes 102 81 (334)   231  
Income taxes 36 29 (77)   26  
Net income 66 52 (257)   205  
Other comprehensive income (loss), net of income taxes            
Actuarial loss reclassified to periodic benefit cost 0 0 0   0  
Other comprehensive income 0 0 0   0  
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 66 52 $ (257)   205  
Potomac Electric Power Company [Member]            
Operating revenues [Abstract]            
Electric operating revenues 513 508     1,042 1,058
Operating revenues from affiliates 1 1     3 3
Revenues 514 509     1,045 1,061
Operating expenses            
Purchased power 74 64     157 256
Purchased power from affiliate 69 88     152 95
Operating and maintenance 106 100     208 389
Operating and maintenance from affiliates 14 9     26 10
Depreciation and amortization 78 70     160 144
Taxes other than income 90 89     180 182
Total operating expenses 431 420     883 1,076
Gain (Loss) on Disposition of Other Assets 1 8     1 8
Operating income 84 97     163 (7)
Other income and (deductions)            
Interest expense, net (28) (31)     (58) (68)
Other, net 7 6     15 14
Total other income and (deductions) (21) (25)     (43) (54)
Income before income taxes 63 72     120 (61)
Income taxes 20 23     19 (1)
Net income 43 49     101 (60)
Other comprehensive income (loss), net of income taxes            
Comprehensive income 43 49     101 (60)
Delmarva Power and Light Company [Member]            
Operating revenues [Abstract]            
Electric operating revenues 258 253     553 554
Natural gas operating revenues 22 26     87 85
Operating revenues from affiliates 2 2     4 4
Revenues 282 281     644 643
Operating expenses            
Purchased power 64 70     141 216
Purchased fuel 9 9     38 35
Purchased power from affiliate 40 43     91 47
Operating and maintenance 66 73     133 277
Operating and maintenance from affiliates 8 5     15 6
Depreciation and amortization 40 38     79 76
Taxes other than income 14 13     28 28
Total operating expenses 241 251     525 685
Operating income 41 30     119 (42)
Other income and (deductions)            
Interest expense, net (13) (13)     (25) (25)
Other, net 3 3     6 6
Total other income and (deductions) (10) (10)     (19) (19)
Income before income taxes 31 20     100 (61)
Income taxes 12 8     24 (1)
Net income 19 12     76 (60)
Other comprehensive income (loss), net of income taxes            
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 19 12     76 (60)
Atlantic City Electric Company [Member]            
Operating revenues [Abstract]            
Electric operating revenues 269 269     543 559
Operating revenues from affiliates 1 1     1 2
Revenues 270 270     544 561
Operating expenses            
Purchased power 121 129     250 285
Purchased power from affiliate 7 12     16 13
Operating and maintenance 71 63     139 275
Operating and maintenance from affiliates 7 5     13 5
Depreciation and amortization 37 41     72 81
Taxes other than income 2 2     4 4
Total operating expenses 245 252     494 663
Gain (Loss) on Disposition of Other Assets 0 1     0 1
Operating income 25 19     50 (101)
Other income and (deductions)            
Interest expense, net (15) (16)     (30) (32)
Other, net 2 2     4 5
Total other income and (deductions) (13) (14)     (26) (27)
Income before income taxes 12 5     24 (128)
Income taxes 4 2     (12) (31)
Net income 8 3     36 (97)
Other comprehensive income (loss), net of income taxes            
Comprehensive income         $ 36 $ (97)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $ 8 $ 3        
[1] Includes gross utility tax receipts from customers. The offsetting remittance of utility taxes to the governing bodies is recorded in expenses on the Registrants’ Consolidated Statements of Operations and Comprehensive Income. See Note 18 — Supplemental Financial Information for total utility taxes for the three months ended June 30, 2017 and 2016.
[2] Includes gross utility tax receipts from customers. The offsetting remittance of utility taxes to the governing bodies is recorded in expenses on the Registrants’ Consolidated Statements of Operations and Comprehensive Income. See Note 18 — Supplemental Financial Information for total utility taxes for the six months ended June 30, 2017 and 2016.
[3] Intersegment revenues exclude sales to unconsolidated affiliates. The intersegment profit associated with Generation’s sale of certain products and services by and between Exelon’s segments is not eliminated in consolidation due to the recognition of intersegment profit in accordance with regulatory accounting guidance. For Exelon, these amounts are included in Operating revenues in the Consolidated Statements of Operations and Comprehensive Income.
[4] Intersegment revenues exclude sales to unconsolidated affiliates. The intersegment profit associated with Generation’s sale of certain products and services by and between Exelon’s segments is not eliminated in consolidation due to the recognition of intersegment profit in accordance with regulatory accounting guidance. For Exelon, these amounts are included in Operating revenues in the Consolidated Statements of Operations and Comprehensive Income.