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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 1,683 $ 1,349
Restricted cash and cash equivalents 309 247
Accounts receivable, net    
Customer 4,188 4,607
Other 1,085 1,256
Mark-to-market derivative assets, current 601 804
Unamortized energy contract assets, current 49 48
Inventories, net    
Fossil fuel and emission allowances 325 334
Materials and supplies 1,458 1,351
Regulatory assets, current 1,194 1,222
Assets held for sale 18 904
Other 1,296 1,238
Total current assets 12,206 13,360
Property, plant and equipment, net 78,593 76,707
Deferred debits and other assets    
Regulatory assets, noncurrent 8,122 8,237
Nuclear decommissioning trust funds 12,706 11,661
Investments 471 625
Goodwill 6,677 6,677
Mark-to-market derivative assets, noncurrent 487 452
Unamortized energy contract assets, noncurrent 353 372
Other 3,123 1,575
Total deferred debits and other assets 31,939 29,599
Total assets [1] 122,738 119,666
Current Liabilities    
Short-term borrowings 1,019 714
Long-term debt due within one year 4,248 1,349
Accounts payable 3,348 3,800
Accrued expenses 1,877 2,112
Payable to affiliates, current 5 5
Regulatory liabilities, current 400 644
Mark-to-market derivative liabilities, current 239 475
Unamortized energy contract liabilities, current 138 149
Renewable energy credit obligation 375 344
Liabilities held for sale 11 777
Other 1,425 1,035
Total current liabilities 13,085 11,404
Long-term debt 32,056 34,075
Long-term debt to financing trusts 390 390
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 12,133 11,330
Asset retirement obligations, noncurrent 10,089 9,679
Pension obligations 3,712 3,988
Non-pension postretirement benefit obligations 2,029 1,928
Spent nuclear fuel obligation 1,193 1,171
Regulatory liabilities, noncurrent 9,792 9,559
Mark-to-market derivative liabilities, noncurrent 416 479
Unamortized energy contract liabilities, noncurrent 368 463
Other 3,123 2,130
Total deferred credits and other liabilities 42,855 40,727
Total liabilities [1] 88,386 86,596
Commitments and contingencies
Shareholders' equity    
Common stock 19,238 19,116
Treasury stock, at cost (123) (123)
Retained earnings/Undistributed earnings 15,871 14,766
Accumulated other comprehensive loss, net (2,963) (2,995)
Total shareholders’ equity 32,023 30,764
Member’s equity    
Noncontrolling Interests 2,329 2,306
Total equity 34,352 33,070
Total liabilities and shareholders’ equity 122,738 119,666
Variable Interest Entity, Consolidated, Assets, Pledged 9,465 9,667
Variable Interest Entity, Consolidated, Liabilities, No Recourse 3,517 3,548
Exelon Generation Co L L C [Member]    
Current Assets    
Cash and cash equivalents 1,019 750
Restricted cash and cash equivalents 126 153
Accounts receivable, net    
Customer 2,587 2,941
Other 337 562
Mark-to-market derivative assets, current 602 804
Receivable from affiliates, current 166 173
Unamortized energy contract assets, current 49 49
Inventories, net    
Fossil fuel and emission allowances 243 251
Materials and supplies 1,010 963
Assets held for sale 18 904
Other 1,002 883
Total current assets 7,159 8,433
Property, plant and equipment, net 23,591 23,981
Deferred debits and other assets    
Nuclear decommissioning trust funds 12,706 11,661
Investments 248 414
Goodwill 47 47
Mark-to-market derivative assets, noncurrent 483 452
Prepaid pension asset 1,472 1,421
Unamortized energy contract assets, noncurrent 352 371
Deferred income taxes 11 21
Other 1,915 755
Total deferred debits and other assets 17,234 15,142
Total assets [2] 47,984 47,556
Current Liabilities    
Long-term debt due within one year 2,706 906
Accounts payable 1,583 1,847
Accrued expenses 762 898
Payable to affiliates, current 134 139
Borrowings from Exelon/PHI intercompany money pool 0 100
Mark-to-market derivative liabilities, current 212 449
Unamortized energy contract liabilities, current 21 31
Renewable energy credit obligation 374 343
Liabilities held for sale 11 777
Other 541 279
Total current liabilities 6,344 5,769
Long-term debt 5,018 6,989
Long-term debt to affiliates 889 898
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 3,607 3,383
Asset retirement obligations, noncurrent 9,855 9,450
Non-pension postretirement benefit obligations 885 900
Spent nuclear fuel obligation 1,193 1,171
Payables to affiliates, noncurrent 2,960 2,606
Mark-to-market derivative liabilities, noncurrent 163 252
Unamortized energy contract liabilities, noncurrent 11 20
Other 1,466 610
Total deferred credits and other liabilities 20,140 18,392
Total liabilities [2] 32,391 32,048
Commitments and contingencies
Shareholders' equity    
Retained earnings/Undistributed earnings 3,778 3,724
Accumulated other comprehensive loss, net (36) (38)
Member’s equity    
Membership interest 9,525 9,518
Total members' equity 13,267 13,204
Noncontrolling Interests 2,326 2,304
Total equity 15,593 15,508
Total liabilities and shareholders’ equity 47,984 47,556
Variable Interest Entity, Consolidated, Assets, Pledged 9,443 9,634
Variable Interest Entity, Consolidated, Liabilities, No Recourse 3,467 3,480
Commonwealth Edison Co [Member]    
Current Assets    
Cash and cash equivalents 76 135
Restricted cash and cash equivalents 124 29
Accounts receivable, net    
Customer 561 539
Other 322 320
Receivable from affiliates, current 27 20
Inventories, net    
Inventories, net 162 148
Regulatory assets, current 286 293
Other 48 86
Total current assets 1,606 1,570
Property, plant and equipment, net 22,795 22,058
Deferred debits and other assets    
Regulatory assets, noncurrent 1,436 1,307
Investments 6 6
Goodwill 2,625 2,625
Receivable from affiliates, noncurrent 2,487 2,217
Prepaid pension asset 1,020 1,035
Other 351 395
Total deferred debits and other assets 7,925 7,585
Total assets 32,326 31,213
Current Liabilities    
Short-term borrowings 387 0
Long-term debt due within one year 500 300
Accounts payable 520 607
Accrued expenses 275 373
Payable to affiliates, current 87 119
Customer deposits 116 111
Regulatory liabilities, current 193 293
Mark-to-market derivative liabilities, current 27 26
Other 138 96
Total current liabilities 2,243 1,925
Long-term debt 7,696 7,801
Long-term debt to financing trusts 205 205
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 4,016 3,813
Asset retirement obligations, noncurrent 120 118
Non-pension postretirement benefit obligations 185 201
Regulatory liabilities, noncurrent 6,390 6,050
Mark-to-market derivative liabilities, noncurrent 253 223
Other 621 630
Total deferred credits and other liabilities 11,585 11,035
Total liabilities 21,729 20,966
Commitments and contingencies
Shareholders' equity    
Common stock 1,588 1,588
Other paid-in capital 7,509 7,322
Retained deficit unappropriated (1,639) (1,639)
Retained earnings appropriated 3,139 2,976
Total shareholders’ equity 10,597 10,247
Member’s equity    
Total liabilities and shareholders’ equity 32,326 31,213
PECO Energy Co [Member]    
Current Assets    
Cash and cash equivalents 224 130
Restricted cash and cash equivalents 6 5
Accounts receivable, net    
Customer 286 321
Other 118 151
Receivable from affiliates, current 7 0
Inventories, net    
Fossil fuel and emission allowances 41 38
Materials and supplies 37 37
Prepaid utility taxes 34 0
Regulatory assets, current 63 81
Other 27 19
Total current assets 843 782
Property, plant and equipment, net 9,100 8,610
Deferred debits and other assets    
Regulatory assets, noncurrent 540 460
Investments 26 25
Receivable from affiliates, noncurrent 473 389
Prepaid pension asset 367 349
Other 30 27
Total deferred debits and other assets 1,436 1,250
Total assets 11,379 10,642
Current Liabilities    
Accounts payable 382 370
Accrued expenses 97 113
Payable to affiliates, current 54 59
Customer deposits 69 68
Regulatory liabilities, current 93 175
Other 27 24
Total current liabilities 722 809
Long-term debt 3,404 3,084
Long-term debt to financing trusts 184 184
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 2,034 1,933
Asset retirement obligations, noncurrent 28 27
Non-pension postretirement benefit obligations 289 288
Regulatory liabilities, noncurrent 503 421
Other 79 76
Total deferred credits and other liabilities 2,933 2,745
Total liabilities 7,243 6,822
Commitments and contingencies
Shareholders' equity    
Common stock 2,752 2,578
Retained earnings/Undistributed earnings 1,384 1,242
Total shareholders’ equity 4,136 3,820
Member’s equity    
Total liabilities and shareholders’ equity 11,379 10,642
Baltimore Gas and Electric Company [Member]    
Current Assets    
Cash and cash equivalents 130 7
Restricted cash and cash equivalents 1 6
Accounts receivable, net    
Customer 242 353
Other 110 90
Receivable from affiliates, current 1 1
Inventories, net    
Fossil fuel and emission allowances 34 36
Materials and supplies 46 39
Prepaid utility taxes 0 74
Regulatory assets, current 180 177
Other 7 3
Total current assets 751 786
Property, plant and equipment, net 8,796 8,243
Deferred debits and other assets    
Regulatory assets, noncurrent 386 398
Investments 7 5
Prepaid pension asset 276 279
Other 88 5
Total deferred debits and other assets 757 687
Total assets 10,304 9,716
Current Liabilities    
Short-term borrowings 0 35
Accounts payable 245 295
Accrued expenses 165 155
Payable to affiliates, current 51 65
Customer deposits 120 120
Regulatory liabilities, current 21 77
Other 63 27
Total current liabilities 665 774
Long-term debt 3,270 2,876
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 1,329 1,222
Asset retirement obligations, noncurrent 22 24
Non-pension postretirement benefit obligations 198 201
Regulatory liabilities, noncurrent 1,158 1,192
Other 112 73
Total deferred credits and other liabilities 2,819 2,712
Total liabilities 6,754 6,362
Commitments and contingencies
Shareholders' equity    
Common stock 1,818 1,714
Retained earnings/Undistributed earnings 1,732 1,640
Total shareholders’ equity 3,550 3,354
Member’s equity    
Total liabilities and shareholders’ equity 10,304 9,716
Pepco Holdings LLC [Member]    
Current Assets    
Cash and cash equivalents 99 124
Restricted cash and cash equivalents 38 43
Accounts receivable, net    
Customer 512 453
Other 189 177
Inventories, net    
Fossil fuel and emission allowances 8 9
Materials and supplies 203 163
Regulatory assets, current 479 489
Other 50 75
Total current assets 1,578 1,533
Property, plant and equipment, net 13,968 13,446
Deferred debits and other assets    
Regulatory assets, noncurrent 2,095 2,312
Investments 135 130
Goodwill 4,005 4,005
Prepaid pension asset 426 486
Deferred income taxes 13 12
Other 356 60
Total deferred debits and other assets 7,030 7,005
Total assets [3] 22,576 21,984
Current Liabilities    
Short-term borrowings 132 179
Long-term debt due within one year 118 125
Accounts payable 416 496
Accrued expenses 279 256
Payable to affiliates, current 95 94
Borrowings from Exelon/PHI intercompany money pool 10 0
Customer deposits 118 116
Regulatory liabilities, current 78 84
Unamortized energy contract liabilities, current 117 119
Other 152 123
Total current liabilities 1,515 1,592
Long-term debt 6,376 6,134
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 2,289 2,146
Asset retirement obligations, noncurrent 57 52
Non-pension postretirement benefit obligations 99 103
Regulatory liabilities, noncurrent 1,725 1,864
Unamortized energy contract liabilities, noncurrent 357 442
Other 610 369
Total deferred credits and other liabilities 5,137 4,976
Total liabilities [3] 13,028 12,702
Commitments and contingencies
Shareholders' equity    
Retained earnings/Undistributed earnings 45 62
Member’s equity    
Membership interest 9,503 9,220
Total members' equity 9,548 9,282
Total equity 9,548 9,282
Total liabilities and shareholders’ equity 22,576 21,984
Variable Interest Entity, Consolidated, Assets, Pledged 22 33
Variable Interest Entity, Consolidated, Liabilities, No Recourse 50 69
Potomac Electric Power Company [Member]    
Current Assets    
Cash and cash equivalents 18 16
Restricted cash and cash equivalents 34 37
Accounts receivable, net    
Customer 258 225
Other 114 81
Receivable from affiliates, current 0 1
Inventories, net    
Inventories, net 118 93
Regulatory assets, current 252 270
Other 12 37
Total current assets 806 760
Property, plant and equipment, net 6,734 6,460
Deferred debits and other assets    
Regulatory assets, noncurrent 577 643
Investments 109 105
Prepaid pension asset 301 316
Other 76 15
Total deferred debits and other assets 1,063 1,079
Total assets 8,603 8,299
Current Liabilities    
Short-term borrowings 12 40
Long-term debt due within one year 8 15
Accounts payable 177 214
Accrued expenses 144 126
Payable to affiliates, current 65 62
Customer deposits 56 54
Regulatory liabilities, current 9 7
Merger related obligation 38 38
Current portion of DC PLUG obligation 30 30
Other 25 42
Total current liabilities 564 628
Long-term debt 2,852 2,704
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 1,150 1,064
Asset retirement obligations, noncurrent 41 37
Non-pension postretirement benefit obligations 23 29
Regulatory liabilities, noncurrent 749 822
Other 311 275
Total deferred credits and other liabilities 2,274 2,227
Total liabilities 5,690 5,559
Commitments and contingencies
Shareholders' equity    
Common stock 1,765 1,636
Retained earnings/Undistributed earnings 1,148 1,104
Total shareholders’ equity 2,913 2,740
Member’s equity    
Total liabilities and shareholders’ equity 8,603 8,299
Delmarva Power and Light Company [Member]    
Current Assets    
Cash and cash equivalents 11 23
Restricted cash and cash equivalents 0 1
Accounts receivable, net    
Customer 112 134
Other 37 46
Inventories, net    
Fossil fuel and emission allowances 8 9
Materials and supplies 47 37
Prepaid utility taxes 15 17
Regulatory assets, current 62 59
Other 5 10
Total current assets 297 336
Property, plant and equipment, net 3,941 3,821
Deferred debits and other assets    
Regulatory assets, noncurrent 221 231
Goodwill 8 8
Prepaid pension asset 175 186
Other 82 6
Total deferred debits and other assets 486 431
Total assets 4,724 4,588
Current Liabilities    
Short-term borrowings 57 0
Long-term debt due within one year 91 91
Accounts payable 90 111
Accrued expenses 59 39
Payable to affiliates, current 26 33
Customer deposits 36 35
Regulatory liabilities, current 43 59
Other 33 7
Total current liabilities 435 375
Long-term debt 1,404 1,403
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 655 628
Non-pension postretirement benefit obligations 16 17
Regulatory liabilities, noncurrent 580 606
Other 114 50
Total deferred credits and other liabilities 1,365 1,301
Total liabilities 3,204 3,079
Commitments and contingencies
Shareholders' equity    
Common stock 914 914
Retained earnings/Undistributed earnings 606 595
Total shareholders’ equity 1,520 1,509
Member’s equity    
Total liabilities and shareholders’ equity 4,724 4,588
Atlantic City Electric Company [Member]    
Current Assets    
Cash and cash equivalents 13 7
Restricted cash and cash equivalents 3 4
Accounts receivable, net    
Customer 142 95
Other 47 55
Receivable from affiliates, current 1 1
Inventories, net    
Inventories, net 37 33
Prepaid utility taxes 9 0
Regulatory assets, current 48 40
Other 7 5
Total current assets 307 240
Property, plant and equipment, net 3,124 2,966
Deferred debits and other assets    
Regulatory assets, noncurrent 370 386
Prepaid pension asset 56 67
Other 59 40
Total deferred debits and other assets 485 493
Total assets [4] 3,916 3,699
Current Liabilities    
Short-term borrowings 63 139
Long-term debt due within one year 19 18
Accounts payable 139 154
Accrued expenses 40 35
Payable to affiliates, current 24 28
Customer deposits 26 26
Regulatory liabilities, current 25 18
Other 11 4
Total current liabilities 347 422
Long-term debt 1,305 1,170
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 569 535
Non-pension postretirement benefit obligations 18 17
Regulatory liabilities, noncurrent 365 402
Other 44 27
Total deferred credits and other liabilities 996 981
Total liabilities [4] 2,648 2,573
Commitments and contingencies
Shareholders' equity    
Common stock 1,134 979
Retained earnings/Undistributed earnings 134 147
Total shareholders’ equity 1,268 1,126
Member’s equity    
Total liabilities and shareholders’ equity 3,916 3,699
Variable Interest Entity, Consolidated, Assets, Pledged 18 23
Variable Interest Entity, Consolidated, Liabilities, No Recourse $ 46 $ 59
[1]
Exelon’s consolidated assets include $9,465 million and $9,667 million at September 30, 2019 and December 31, 2018, respectively, of certain VIEs that can only be used to settle the liabilities of the VIE. Exelon’s consolidated liabilities include $3,517 million and $3,548 million at September 30, 2019 and December 31, 2018, respectively, of certain VIEs for which the VIE creditors do not have recourse to Exelon. See Note 2Variable Interest Entities for additional information.
[2]
Generation’s consolidated assets include $9,443 million and $9,634 million at September 30, 2019 and December 31, 2018, respectively, of certain VIEs that can only be used to settle the liabilities of the VIE. Generation’s consolidated liabilities include $3,467 million and $3,480 million at September 30, 2019 and December 31, 2018, respectively, of certain VIEs for which the VIE creditors do not have recourse to Generation. See Note 2Variable Interest Entities for additional information.
[3]
PHI’s consolidated total assets include $22 million and $33 million at September 30, 2019 and December 31, 2018, respectively, of PHI's consolidated VIE that can only be used to settle the liabilities of the VIE. PHI’s consolidated total liabilities include $50 million and $69 million at September 30, 2019 and December 31, 2018, respectively, of PHI's consolidated VIE for which the VIE creditors do not have recourse to PHI. See Note 2Variable Interest Entities for additional information.
[4]
ACE’s consolidated total assets include $18 million and $23 million at September 30, 2019 and December 31, 2018, respectively, of ACE's consolidated VIE that can only be used to settle the liabilities of the VIE. ACE’s consolidated total liabilities include $46 million and $59 million at September 30, 2019 and December 31, 2018, respectively, of ACE's consolidated VIE for which the VIE creditors do not have recourse to ACE. See Note 2Variable Interest Entities for additional information.