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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating revenues    
Revenues from alternative revenue programs $ 67 $ (5)
Operating revenues from affiliates 1 0
Total operating revenues 8,747 9,477
Operating expenses    
Operating and maintenance 2,204 2,189
Depreciation and amortization 1,021 1,075
Taxes other than income taxes 437 445
Total operating expenses 7,529 8,262
Gain on sales of assets and businesses 2 3
Operating income 1,220 1,218
Other income and (deductions)    
Interest expense, net (404) (397)
Interest expense to affiliates (6) (6)
Other, net (725) 467
Total other income and (deductions) (1,135) 64
Income before income taxes 85 1,282
Income taxes (294) 310
Equity in losses of unconsolidated affiliates (3) (6)
Net income (loss) 376 966
Net income attributable to noncontrolling interests (206) 59
Net income (loss) attributable to common shareholders 582 907
Other comprehensive income (loss), net of income taxes    
Prior service benefit reclassified to periodic benefit cost (10) (16)
Actuarial loss reclassified to periodic benefit cost 47 36
Pension and non-pension postretirement benefit plan valuation adjustment (7) (38)
Unrealized (loss) gain on cash flow hedges (1) 0
Unrealized (loss) gain on investments in unconsolidated affiliates 0 (2)
Unrealized gain (loss) on foreign currency translation (8) 2
Other comprehensive income 21 (18)
Comprehensive income 397 948
Comprehensive (loss) income attributable to noncontrolling interests (206) 58
Comprehensive income attributable to common shareholders/membership interest $ 603 $ 890
Average shares of common stock outstanding:    
Basic average shares of common stock outstanding 975 971
Assumed exercise and/or distributions of stock-based awards 1 1
Diluted average shares of common stock outstanding [1] 976 972
Earnings per average common share:    
Basic earnings per average common share $ 0.60 $ 0.93
Diluted earnings per average common share $ 0.60 $ 0.93
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 0 0
Exelon Generation Co L L C [Member]    
Operating revenues    
Operating revenues from affiliates $ 330 $ 317
Total operating revenues 4,733 5,296
Operating expenses    
Purchased power and/or fuel from affiliates (6) 1
Operating and maintenance 1,121 1,068
Operating and maintenance from affiliates 142 150
Depreciation and amortization 304 405
Taxes other than income taxes 129 135
Total operating expenses 4,400 4,963
Operating income 333 333
Other income and (deductions)    
Interest expense, net (100) (102)
Interest expense to affiliates (9) (9)
Other, net (771) 430
Total other income and (deductions) (880) 319
Income before income taxes (547) 652
Income taxes (389) 224
Equity in losses of unconsolidated affiliates (3) (6)
Net income (loss) (161) 422
Net income attributable to noncontrolling interests (206) 59
Net income attributable to membership interest 45 363
Other comprehensive income (loss), net of income taxes    
Unrealized (loss) gain on cash flow hedges (1) 1
Unrealized (loss) gain on investments in unconsolidated affiliates 0 (2)
Unrealized gain (loss) on foreign currency translation (8) 2
Other comprehensive income (9) 1
Comprehensive income (170) 423
Comprehensive (loss) income attributable to noncontrolling interests (206) 58
Comprehensive income attributable to common shareholders/membership interest 36 365
Commonwealth Edison Co [Member]    
Operating revenues    
Revenues from alternative revenue programs 12 (28)
Operating revenues from affiliates 5 4
Total operating revenues 1,439 1,408
Operating expenses    
Purchased power and/or fuel from affiliates 97 97
Operating and maintenance 243 259
Operating and maintenance from affiliates 74 62
Depreciation and amortization 273 251
Taxes other than income taxes 75 78
Total operating expenses 1,151 1,135
Gain on sales of assets and businesses 0 3
Operating income 288 276
Other income and (deductions)    
Interest expense, net (91) (84)
Interest expense to affiliates (3) (3)
Other, net 10 8
Total other income and (deductions) (84) (79)
Income before income taxes 204 197
Income taxes 36 40
Net income (loss) 168 157
Other comprehensive income (loss), net of income taxes    
Comprehensive income 168 157
PECO Energy Co [Member]    
Operating revenues    
Revenues from alternative revenue programs 2 (3)
Operating revenues from affiliates 2 1
Total operating revenues 813 900
Operating expenses    
Purchased power and/or fuel from affiliates 36 44
Operating and maintenance 179 187
Operating and maintenance from affiliates 38 38
Depreciation and amortization 86 81
Taxes other than income taxes 39 41
Total operating expenses 625 678
Operating income 188 222
Other income and (deductions)    
Interest expense, net (33) (30)
Interest expense to affiliates (3) (3)
Other, net 3 4
Total other income and (deductions) (33) (29)
Income before income taxes 155 193
Income taxes 15 25
Net income (loss) 140 168
Other comprehensive income (loss), net of income taxes    
Comprehensive income 140 168
Baltimore Gas and Electric Company [Member]    
Operating revenues    
Revenues from alternative revenue programs 36 10
Operating revenues from affiliates   6
Total operating revenues 937 976
Operating expenses    
Purchased power and/or fuel from affiliates 98 75
Operating and maintenance 146 153
Operating and maintenance from affiliates 42 39
Depreciation and amortization 143 136
Taxes other than income taxes 69 68
Total operating expenses 688 756
Operating income 249 220
Other income and (deductions)    
Interest expense, net (32) (29)
Other, net 5 5
Total other income and (deductions) (27) (24)
Income before income taxes 222 196
Income taxes 41 36
Net income (loss) 181 160
Other comprehensive income (loss), net of income taxes    
Comprehensive income 181 160
Pepco Holdings LLC [Member]    
Operating revenues    
Revenues from alternative revenue programs 18 15
Operating revenues from affiliates 3 3
Total operating revenues 1,171 1,228
Operating expenses    
Purchased power and/or fuel from affiliates 104 101
Operating and maintenance 219 239
Operating and maintenance from affiliates 38 33
Depreciation and amortization 194 180
Taxes other than income taxes 114 111
Total operating expenses 1,000 1,053
Gain on sales of assets and businesses 2 0
Operating income 173 175
Other income and (deductions)    
Interest expense, net (67) (65)
Other, net 13 12
Total other income and (deductions) (54) (53)
Income before income taxes 119 122
Income taxes 11 5
Net income (loss) 108 117
Other comprehensive income (loss), net of income taxes    
Comprehensive income attributable to common shareholders/membership interest 108 117
Potomac Electric Power Company [Member]    
Operating revenues    
Revenues from alternative revenue programs 15 14
Operating revenues from affiliates 1 2
Total operating revenues 544 575
Operating expenses    
Purchased power and/or fuel from affiliates 79 70
Operating and maintenance 60 64
Operating and maintenance from affiliates 51 54
Depreciation and amortization 95 94
Taxes other than income taxes 92 92
Total operating expenses 462 491
Operating income 82 84
Other income and (deductions)    
Interest expense, net (34) (34)
Other, net 9 7
Total other income and (deductions) (25) (27)
Income before income taxes 57 57
Income taxes 5 2
Net income (loss) 52 55
Other comprehensive income (loss), net of income taxes    
Comprehensive income attributable to common shareholders/membership interest 52 55
Delmarva Power and Light Company [Member]    
Operating revenues    
Revenues from alternative revenue programs 1 0
Operating revenues from affiliates 2 2
Total operating revenues 350 380
Operating expenses    
Purchased power and/or fuel from affiliates 22 23
Operating and maintenance 42 45
Operating and maintenance from affiliates 37 39
Depreciation and amortization 48 46
Taxes other than income taxes 16 14
Total operating expenses 284 308
Operating income 66 72
Other income and (deductions)    
Interest expense, net (16) (15)
Other, net 2 3
Total other income and (deductions) (14) (12)
Income before income taxes 52 60
Income taxes 7 7
Net income (loss) 45 53
Other comprehensive income (loss), net of income taxes    
Comprehensive income 45 53
Atlantic City Electric Company [Member]    
Operating revenues    
Revenues from alternative revenue programs 1 1
Operating revenues from affiliates 1 1
Total operating revenues 276 273
Operating expenses    
Purchased power and/or fuel from affiliates 2 8
Operating and maintenance 45 47
Operating and maintenance from affiliates 33 34
Depreciation and amortization 43 31
Taxes other than income taxes 2 1
Total operating expenses 251 252
Gain on sales of assets and businesses 2 0
Operating income 27 21
Other income and (deductions)    
Interest expense, net (14) (14)
Interest expense to affiliates (1) 0
Other, net 2 3
Total other income and (deductions) (13) (11)
Income before income taxes 14 10
Income taxes 1 0
Net income (loss) 13 10
Other comprehensive income (loss), net of income taxes    
Comprehensive income 13 10
Generation commodities and services    
Operating revenues    
Revenue from Contract with Customer, Including Assessed Tax 4,403 4,979
Operating expenses    
Purchased power and/or fuel 2,710 3,204
Generation commodities and services | Exelon Generation Co L L C [Member]    
Operating revenues    
Revenue from Contract with Customer, Including Assessed Tax 4,403 4,979
Operating expenses    
Purchased power and/or fuel 2,710 3,204
Rate-regulated utility revenues    
Operating revenues    
Revenue from Contract with Customer, Including Assessed Tax 4,276 4,503
Operating expenses    
Purchased power and/or fuel 1,157 1,349
Electricity, US Regulated | Commonwealth Edison Co [Member]    
Operating revenues    
Revenue from Contract with Customer, Including Assessed Tax 1,422 1,432
Operating expenses    
Purchased power and/or fuel 389 388
Electricity, US Regulated | PECO Energy Co [Member]    
Operating revenues    
Revenue from Contract with Customer, Including Assessed Tax 600 622
Operating expenses    
Purchased power and/or fuel 164 152
Electricity, US Regulated | Baltimore Gas and Electric Company [Member]    
Operating revenues    
Revenue from Contract with Customer, Including Assessed Tax 595 652
Operating expenses    
Purchased power and/or fuel 114 190
Electricity, US Regulated | Pepco Holdings LLC [Member]    
Operating revenues    
Revenue from Contract with Customer, Including Assessed Tax 1,086 1,139
Operating expenses    
Purchased power and/or fuel 300 355
Electricity, US Regulated | Potomac Electric Power Company [Member]    
Operating revenues    
Revenue from Contract with Customer, Including Assessed Tax 528 559
Operating expenses    
Purchased power and/or fuel 85 117
Electricity, US Regulated | Delmarva Power and Light Company [Member]    
Operating revenues    
Revenue from Contract with Customer, Including Assessed Tax 283 307
Operating expenses    
Purchased power and/or fuel 88 107
Electricity, US Regulated | Atlantic City Electric Company [Member]    
Operating revenues    
Revenue from Contract with Customer, Including Assessed Tax 274 271
Operating expenses    
Purchased power and/or fuel 126 131
Natural Gas, US Regulated | PECO Energy Co [Member]    
Operating revenues    
Revenue from Contract with Customer, Including Assessed Tax 209 280
Operating expenses    
Purchased power and/or fuel 83 135
Natural Gas, US Regulated | Baltimore Gas and Electric Company [Member]    
Operating revenues    
Revenue from Contract with Customer, Including Assessed Tax 300 308
Operating expenses    
Purchased power and/or fuel 76 95
Natural Gas, US Regulated | Pepco Holdings LLC [Member]    
Operating revenues    
Revenue from Contract with Customer, Including Assessed Tax 64 71
Operating expenses    
Purchased power and/or fuel 31 34
Natural Gas, US Regulated | Delmarva Power and Light Company [Member]    
Operating revenues    
Revenue from Contract with Customer, Including Assessed Tax 64 71
Operating expenses    
Purchased power and/or fuel $ 31 $ 34
[1]
The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was immaterial for the three months ended March 31, 2020 and March 31, 2019.