Accounts Receivable (Tables)

6 Months Ended

Jun. 30, 2020

Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]

Purchases and sales of accounts receivable

The following table summarizes the impact of the sale of certain receivables:

	As of June 30, 2020
Derecognized receivables transferred at fair value(a)	$	1,135
Cash proceeds received	500
DPP	635

_________

(a) Includes additional customer accounts receivable sold into the Facility of $2,032 million since the start of the financing agreement.

	Three and six months ended June 30, 2020
Loss on sale of receivables(a)	$	15

_________

(a) Reflected in Operating and maintenance expense on Exelon and Generation's Consolidated Statements of Operations and Income Statement.

	Six months ended June 30, 2020
Proceeds from new transfers	$	927
Cash collections received on DPP	1,102
Cash collections reinvested in the Facility	2,029

Generation is required, under supplier tariffs in ISO-NE, MISO, NYISO and PJM, to sell customer and other receivables to utility companies, which include the Utility Registrants. The Utility Registrants are required, under separate legislation and regulations in Illinois, Pennsylvania, Maryland, District of Columbia and New Jersey, to purchase certain receivables from alternative retail electric and, as applicable, natural gas suppliers that participate in the utilities' consolidated billing. The following tables present the total receivables purchased and sold.

	Six Months Ended June 30, 2020
	Exelon		Generation		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Total Receivables Purchased	$	1,584	$	—	$	518	$	494	$	333	$	485	$	303	$	98	$	84
Total Receivables Sold	533		779		—		—		—		—		—		—		—
Related Party Transactions:
Receivables purchased from Generation	—		—		34		67		73		72		51		13		8
Receivables sold to the Utility Registrants	—		246		—		—		—		—		—		—		—

Unbilled customer revenue

The following table provides additional information about unbilled customer revenues recorded in the Registrants' Consolidated Balance Sheets.

	Unbilled customer revenues(a)
	Exelon		Generation		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
June 30, 2020	$	804	$	120	$	257	$	120	$	116	$	191	$	102	$	49	$	40
December 31, 2019	1,535		807		218		146		170		194		100		61		33

_________

(a)

Unbilled customer revenues are classified in customer accounts receivables, net in the Registrants' Consolidated Balance Sheets.

Allowance for credit loss rollforward

The following tables present the rollforward of Allowance for Credit Losses on Customer Accounts Receivable.

	Three Months Ended June 30, 2020
	Exelon		Generation		ComEd		PECO		BGE		PHI			Pepco			DPL		ACE
Balance as of March 31, 2020	$	278	$	81	$	71	$	66	$	18	$	42		$	15		$	13	$	14
Plus: Current Period Provision for Expected Credit Losses	51		9		7		10		6		19			8			5		6
Less: Write-offs, net of recoveries(a)	12		1		6		5		1		(1		)	(1		)	—		—
Less: Sale of customer accounts receivable (b)	56		56		—		—		—		—			—			—		—
Balance as of June 30, 2020	$	261	$	33	$	72	$	71	$	23	$	62		$	24		$	18	$	20

	Six Months Ended June 30, 2020
	Exelon		Generation		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance as of December 31, 2019	$	243	$	80	$	59	$	55	$	12	$	37	$	13	$	11	$	13
Plus: Current Period Provision for Expected Credit Losses	106		13		25		28		14		26		11		7		8
Less: Write-offs, net of recoveries(a)	32		4		12		12		3		1		—		—		1
Less: Sale of customer accounts receivable (b)	56		56		—		—		—		—		—		—		—
Balance as of June 30, 2020	$	261	$	33	$	72	$	71	$	23	$	62	$	24	$	18	$	20

_________

(a) Recoveries were not material to the Registrants.

(b) See below for additional information on the sale of customer accounts receivable at Generation in the second quarter of 2020.

The following tables present the rollforward of Allowance for Credit Losses on Other Accounts Receivable.

	Three Months Ended June 30, 2020
	Exelon		Generation		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance as of March 31, 2020	$	52	$	—	$	22	$	7	$	5	$	18	$	8	$	4	$	6
Plus: Current Period Provision for Expected Credit Losses	12		—		1		1		2		8		3		3		2
Less: Write-offs, net of recoveries(a)	3		—		1		1		1		—		—		—		—
Balance as of June 30, 2020	$	61	$	—	$	22	$	7	$	6	$	26	$	11	$	7	$	8

	Six Months Ended June 30, 2020
	Exelon		Generation		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance as of December 31, 2019	$	48	$	—	$	20	$	7	$	5	$	16	$	7	$	4	$	5
Plus: Current Period Provision for Expected Credit Losses	20		—		4		2		4		10		4		3		3
Less: Write-offs, net of recoveries(a)	7		—		2		2		3		—		—		—		—
Balance as of June 30, 2020	$	61	$	—	$	22	$	7	$	6	$	26	$	11	$	7	$	8

_________

(a) Recoveries were not material to the Registrants.