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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Mar. 23, 2016
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Operating revenues [Abstract]            
Operating Revenue $ 4,456 $ 4,535     $ 12,924 $ 12,243
Regulated Operating Revenue 4,313 4,467     12,225 11,243
Electric operating revenues 4,164 [1] 4,330 [1]     11,318 [2] 10,461 [2]
Natural gas operating revenues 149 [1] 137 [1]     906 [2] 781 [2]
Operating revenues from affiliates 0 [3] 1 [3]     2 [4] 3 [4]
Revenues 8,769 9,002     25,149 23,486
Operating expenses            
Competitive businesses purchased power and fuel 2,316 2,584     7,268 6,599
Cost of Purchased Power 1,226 1,170     3,259 2,863
Operating and maintenance 2,300 2,338     7,732 7,677
Depreciation and amortization 1,002 1,195     2,814 2,821
Taxes other than income 456 449     1,313 1,168
Total operating expenses 7,300 7,736     22,386 21,128
Gain (Loss) on Disposition of Other Assets (1) 1     4 41
Bargain purchase gain 7 0     233 0
Operating income 1,475 1,267     3,000 2,399
Other income and (deductions)            
Interest expense, net (377) (506)     (1,165) (1,148)
Interest expense to affiliates (9) (10)     (29) (31)
Other, net 237 120     725 377
Total other income and (deductions) (149) (396)     (469) (802)
Income before income taxes 1,326 871     2,531 1,597
Income taxes 452 340     595 625
Equity in losses of unconsolidated affiliates (7) (5)     (25) (16)
Net income 867 526     1,911 956
Net income attributable to noncontrolling interests and preference stock dividends 43 36     12 26
Net income attributable to common shareholders 824 490     1,899 930
Other comprehensive income (loss), net of income taxes            
Prior service benefit reclassified to periodic benefit cost (14) (12)     (42) (35)
Actuarial loss reclassified to periodic benefit cost 49 47     147 140
Pension and non-pension postretirement benefit plan valuation adjustment 3 0     (55) (3)
Unrealized gain (loss) on cash flow hedges 0 3     5 (4)
Other Comprehensive Income Unrealized Income Loss On Equity Investments Arising During Period Net Of Tax 1 (4)     5 (10)
Unrealized gain on foreign currency translation 4 2     7 8
Unrealized gain on marketable securities 1 0     2 0
Other comprehensive income 44 36     69 96
Comprehensive income 911 562     1,980 1,052
Comprehensive income attributable to noncontrolling interests and preference stock dividends 43 31     10 21
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $ 868 $ 531     $ 1,970 $ 1,031
Average shares of common stock outstanding:            
Weighted average common shares outstanding — basic 962 925     941 924
Weighted average common shares outstanding — diluted 965 927     943 926
Earnings per average common share:            
Basic $ 0.86 $ 0.53     $ 2.02 $ 1.01
Diluted 0.85 0.53     2.01 1.00
Dividends declared per common share $ 0.33 $ 0.32     $ 0.98 $ 0.95
Exelon Generation Co L L C [Member]            
Operating revenues [Abstract]            
Operating Revenue $ 4,455 $ 4,533     $ 12,918 $ 12,234
Operating revenues from affiliates 296 502     894 1,129
Revenues 4,751 5,035     13,812 13,363
Operating expenses            
Cost of Purchased Power 2,315 2,584     7,267 6,599
Purchased power from affiliate 16 5     19 10
Operating and maintenance 1,203 1,189     4,335 3,855
Operating and maintenance from affiliates 171 147     536 478
Depreciation and amortization 410 632     1,046 1,329
Taxes other than income 141 136     425 380
Total operating expenses 4,256 4,693     13,628 12,651
Gain (Loss) on Disposition of Other Assets (2) 0     3 31
Bargain purchase gain 7 0     233 0
Operating income 500 342     420 743
Other income and (deductions)            
Interest expense, net (103) (67)     (313) (243)
Interest expense to affiliates (10) (10)     (29) (30)
Other, net 209 185     648 395
Total other income and (deductions) 96 108     306 122
Income before income taxes 596 450     726 865
Income taxes 240 173     209 293
Equity in losses of unconsolidated affiliates (8) (6)     (26) (16)
Net income 348 271     491 556
Net income attributable to noncontrolling interests 43 35     12 18
Net income attributable to membership interest 305 236     479 538
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 1
Unrealized gain (loss) on cash flow hedges 0 1     5 (3)
Other Comprehensive Income Unrealized Income Loss On Equity Investments Arising During Period Net Of Tax 0 0     4 (4)
Unrealized gain on foreign currency translation 4 2     7 8
Other comprehensive income 4 4     16 2
Comprehensive income 352 275     507 558
Comprehensive income attributable to noncontrolling interests and preference stock dividends 43 30     10 13
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 309 245     497 545
Commonwealth Edison Co [Member]            
Operating revenues [Abstract]            
Electric operating revenues 1,568 1,493     4,215 4,019
Operating revenues from affiliates 3 4     12 12
Revenues 1,571 1,497     4,227 4,031
Operating expenses            
Purchased power 489 435     1,178 1,104
Purchased power from affiliate 40 19     63 37
Operating and maintenance 277 327     897 950
Operating and maintenance from affiliates 69 50     199 163
Depreciation and amortization 212 196     631 574
Taxes other than income 80 82     223 222
Total operating expenses 1,167 1,109     3,191 3,050
Gain (Loss) on Disposition of Other Assets 0 1     0 6
Operating income 404 389     1,036 987
Other income and (deductions)            
Interest expense, net (86) (194)     (265) (364)
Interest expense to affiliates (3) (3)     (10) (10)
Other, net 5 (80)     14 (72)
Total other income and (deductions) (84) (277)     (261) (446)
Income before income taxes 320 112     775 541
Income taxes 131 75     328 244
Net income 189 37     447 297
Other comprehensive income (loss), net of income taxes            
Comprehensive income 189 37     447 297
PECO Energy Co [Member]            
Operating revenues [Abstract]            
Electric operating revenues 660 738     1,798 1,966
Natural gas operating revenues 53 48     338 322
Operating revenues from affiliates 2 2     5 5
Revenues 715 788     2,141 2,293
Operating expenses            
Purchased power 190 171     483 466
Purchased fuel 14 10     126 110
Purchased power from affiliate 31 91     110 233
Operating and maintenance 161 168     488 501
Operating and maintenance from affiliates 36 31     107 103
Depreciation and amortization 72 67     213 201
Taxes other than income 42 46     116 126
Total operating expenses 546 584     1,643 1,740
Operating income 169 204     498 553
Other income and (deductions)            
Interest expense, net (28) (27)     (84) (83)
Interest expense to affiliates (3) (3)     (9) (9)
Other, net 2 2     6 6
Total other income and (deductions) (29) (28)     (87) (86)
Income before income taxes 140 176     411 467
Income taxes 28 54     84 121
Net income 112 122     327 346
Other comprehensive income (loss), net of income taxes            
Comprehensive income 112 122     327 346
Baltimore Gas and Electric Company [Member]            
Operating revenues [Abstract]            
Electric operating revenues 657 733     1,890 1,993
Natural gas operating revenues 78 72     461 412
Operating revenues from affiliates 3 7     12 16
Revenues 738 812     2,363 2,421
Operating expenses            
Purchased power 159 164     407 399
Purchased fuel 13 14     118 109
Purchased power from affiliate 97 182     328 486
Operating and maintenance 138 150     421 494
Operating and maintenance from affiliates 37 28     111 94
Depreciation and amortization 109 101     348 307
Taxes other than income 61 58     180 172
Total operating expenses 614 697     1,913 2,061
Operating income 124 115     450 360
Other income and (deductions)            
Interest expense, net (24) (24)     (69) (64)
Interest expense to affiliates (2) (4)     (11) (12)
Other, net 4 5     12 16
Total other income and (deductions) (22) (23)     (68) (60)
Income before income taxes 102 92     382 300
Income taxes 40 36     151 109
Net income 62 56     231 191
Preference stock dividends 0 2     0 8
Net income attributable to common shareholders 62 54     231 183
Other comprehensive income (loss), net of income taxes            
Comprehensive income 62 56     231 191
Comprehensive income attributable to noncontrolling interests and preference stock dividends 0 2     0 8
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 62 54     231 183
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 1,280 1,366   $ 2,485 3,417  
Natural gas operating revenues 18 17   46 105  
Operating revenues from affiliates 12 11   34 35  
Revenues 1,310 1,394   2,565 3,557  
Operating expenses            
Purchased power 354 370   658 901  
Purchased fuel 7 6   17 46  
Purchased power from affiliate 112 207   362 371  
Operating and maintenance 214 200   870 666  
Operating and maintenance from affiliates 37 26   51 108  
Depreciation and amortization 179 182   355 511  
Taxes other than income 122 124   248 344  
Total operating expenses 1,025 1,115   2,561 2,947  
Gain (Loss) on Disposition of Other Assets 0       1  
Operating income 285 279   4 611  
Other income and (deductions)            
Interest expense, net (62) (64)   (135) (183)  
Other, net 13 19   31 40  
Total other income and (deductions) (49) (45)   (104) (143)  
Income before income taxes 236 234   (100) 468  
Income taxes 83 68   (9) 109  
Net income 153 166   (91) 359  
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 153 166   $ (91) 359  
Potomac Electric Power Company [Member]            
Operating revenues [Abstract]            
Electric operating revenues 603 634     1,645 1,692
Operating revenues from affiliates 1 1     4 3
Revenues 604 635     1,649 1,695
Operating expenses            
Purchased power 111 84     268 340
Purchased power from affiliate 57 129     210 223
Operating and maintenance 89 100     296 488
Operating and maintenance from affiliates 14 9     40 20
Depreciation and amortization 82 76     242 221
Taxes other than income 102 105     282 287
Total operating expenses 455 503     1,338 1,579
Gain (Loss) on Disposition of Other Assets 0 0     1 8
Operating income 149 132     312 124
Other income and (deductions)            
Interest expense, net (31) (30)     (89) (98)
Other, net 7 12     22 28
Total other income and (deductions) (24) (18)     (67) (70)
Income before income taxes 125 114     245 54
Income taxes 38 35     57 34
Net income 87 79     188 20
Other comprehensive income (loss), net of income taxes            
Comprehensive income 87 79     188 20
Delmarva Power and Light Company [Member]            
Operating revenues [Abstract]            
Electric operating revenues 307 312     860 866
Natural gas operating revenues 18 17     105 102
Operating revenues from affiliates 2 2     6 6
Revenues 327 331     971 974
Operating expenses            
Purchased power 75 81     215 297
Purchased fuel 7 6     46 41
Purchased power from affiliate 47 63     138 110
Operating and maintenance 71 50     204 327
Operating and maintenance from affiliates 8 5     23 11
Depreciation and amortization 45 44     124 120
Taxes other than income 15 14     43 42
Total operating expenses 268 263     793 948
Gain (Loss) on Disposition of Other Assets 0 4     0 4
Operating income 59 72     178 30
Other income and (deductions)            
Interest expense, net (13) (12)     (38) (37)
Other, net 4 3     10 9
Total other income and (deductions) (9) (9)     (28) (28)
Income before income taxes 50 63     150 2
Income taxes 19 19     43 18
Net income 31 44     107 (16)
Other comprehensive income (loss), net of income taxes            
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 31 44     107 (16)
Atlantic City Electric Company [Member]            
Operating revenues [Abstract]            
Electric operating revenues 370 420     913 979
Operating revenues from affiliates 0 1     2 3
Revenues 370 421     915 982
Operating expenses            
Purchased power 169 206     418 491
Purchased power from affiliate 7 15     24 29
Operating and maintenance 66 62     205 336
Operating and maintenance from affiliates 6 5     20 10
Depreciation and amortization 41 49     113 130
Taxes other than income 2 1     6 6
Total operating expenses 291 338     786 1,002
Gain (Loss) on Disposition of Other Assets 0 0     0 1
Operating income 79 83     129 (19)
Other income and (deductions)            
Interest expense, net (15) (15)     (46) (47)
Other, net 1 2     6 8
Total other income and (deductions) (14) (13)     (40) (39)
Income before income taxes 65 70     89 (58)
Income taxes 24 23     12 (8)
Net income 41 47     77 (50)
Other comprehensive income (loss), net of income taxes            
Comprehensive income         $ 77 $ (50)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $ 41 $ 47        
[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 19 — Supplemental Financial Information for total utility taxes for the three months ended September 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 19 — Supplemental Financial Information for total utility taxes for the nine months ended September 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.