Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2020

Related Party Transactions [Abstract]

Operating Revenues and Purchased Power and Fuel

The following table presents Generation’s Operating revenues from affiliates, which are primarily recorded as Purchased power from affiliates and an immaterial amount recorded as Operating and maintenance expense from affiliates at the Utility Registrants:

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Operating revenues from affiliates:
ComEd(a)(b)	$	80	$	89	$	170	$	183
PECO(c)	41		35		78		80
BGE(d)	70		57		169		133
PHI	78		69		182		170
Pepco(e)	60		52		139		122
DPL(f)	16		12		38		35
ACE(g)	2		5		5		13
Other	2		2		2		3
Total operating revenues from affiliates (Generation)	$	271	$	252	$	601	$	569

__________

(a) Generation has an ICC-approved RFP contract with ComEd to provide a portion of ComEd’s electricity supply requirements. Generation also sells RECs and ZECs to ComEd.

(b) For the three and six months ended June 30, 2020 , respectively, ComEd’s Purchased power from Generation of $84 million and $181 million is recorded as Operating revenues from ComEd of $80 million and $170 million and as Purchased power and fuel from ComEd of $4 million and $11 million at Generation. For the three and six months ended June 30, 2019 , respectively, ComEd’s Purchased power from Generation of $90 million and $187 million is recorded as Operating revenues from ComEd of $89 million and $183 million and as Purchased power and fuel from ComEd of $1 million and $4 million at Generation.

(c) Generation provides electric supply to PECO under contracts executed through PECO’s competitive procurement process. In addition, Generation has a ten-year agreement with PECO to sell solar AECs.

(d) Generation provides a portion of BGE’s energy requirements under its MDPSC-approved market-based SOS and gas commodity programs.

(e) Generation provides electric supply to Pepco under contracts executed through Pepco's competitive procurement process approved by the MDPSC and DCPSC.

(f) Generation provides a portion of DPL's energy requirements under its MDPSC and DPSC approved market based SOS and gas commodity programs.

(g)

Generation provides electric supply to ACE under contracts executed through ACE's competitive procurement process.

BSC and PHISCO Service Companies

The following table presents the service company costs allocated to the Registrants:

	Operating and maintenance from affiliates								Capitalized costs
	Three Months Ended June 30,				Six Months Ended June 30,				Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019		2020		2019		2020		2019
Exelon
BSC									$	129	$	132	$	242	$	232
PHISCO									16		19		30		40
Generation
BSC	$	133	$	148	$	273	$	297	14		14		25		26
ComEd
BSC	67		60		138		122		41		36		83		61
PECO
BSC	36		37		73		74		18		24		33		46
BGE
BSC	40		39		82		77		30		38		58		59
PHI
BSC	35		34		72		66		26		20		43		40
PHISCO	—		—		—		—		16		19		30		40
Pepco
BSC	20		22		41		43		9		9		15		17
PHISCO	32		31		62		63		7		9		13		17
DPL
BSC	13		13		26		26		9		6		14		11
PHISCO	25		25		49		50		5		5		9		12
ACE
BSC	11		11		21		21		8		4		12		8
PHISCO	23		22		44		45		4		5		8		11

Current Receivables From/Payables To Affiliates

The following tables present current receivables from affiliates and current payables to affiliates:

June 30, 2020

	Receivables from affiliates:
Payables to affiliates:	Generation			ComEd		PECO		BGE		Pepco		DPL		ACE		BSC		PHISCO		Other		Total
Generation				$	16	$	—	$	—	$	—	$	—	$	—	$	75	$	—	$	22	$	113
ComEd	$	49	(a)			—		—		—		—		—		42		—		8		99
PECO	20			6				—		—		1		—		25		—		5		57
BGE	11			—		—				—		—		—		28		—		2		41
PHI	—			—		—		—		—		—		—		4		—		10		14
Pepco	15			—		—		—				—		—		12		18		1		46
DPL	3			—		—		—		2				—		10		11		1		27
ACE	11			—		—		—		—		—				8		11		1		31
Other	9			1		—		—		—		—		1		—		—				11
Total	$	118		$	23	$	—	$	—	$	2	$	1	$	1	$	204	$	40	$	50	$	439

December 31, 2019

	Receivables from affiliates:
Payables to affiliates:	Generation			ComEd		PECO		BGE		Pepco		DPL		ACE		BSC		PHISCO		Other		Total
Generation				$	27	$	—	$	—	$	—	$	—	$	—	$	67	$	—	$	23	$	117
ComEd	$	78	(a)			—		—		—		—		—		54		—		8		140
PECO	27			—				—		—		—		—		25		—		3		55
BGE	28			—		—				—		—		—		34		—		4		66
PHI	—			—		—		—		—		—		—		4		—		10		14
Pepco	34			—		—		—				—		—		16		15		1		66
DPL	7			—		—		—		—				3		10		11		1		32
ACE	7			—		—		—		—		—				7		10		1		25
Other	9			1		1		1		—		—		1		—		—				13
Total	$	190		$	28	$	1	$	1	$	—	$	—	$	4	$	217	$	36	$	51	$	528

__________

(a)

As of June 30, 2020 and December 31, 2019, Generation had a contract liability with ComEd for $7 million and $37 million, respectively, that was included in Other current liabilities on Generation’s Consolidated Balance Sheets. At June 30, 2020 and December 31, 2019, ComEd had a Current Payable to Generation of $42 million and $41 million, respectively, on its Consolidated Balance Sheets, which consisted of Generation’s Current Receivable from ComEd, partially offset by Generation’s contract liability with ComEd.

Noncurrent Receivables from/Payables to affiliates

The following table presents noncurrent receivables from affiliates at ComEd and PECO which are recorded as noncurrent payables to affiliates at Generation:

	June 30, 2020		December 31, 2019
ComEd	$	2,374	$	2,622
PECO	376		480
Other	1		1
Total:	$	2,751	$	3,103

Long Term Debt to Financing Trusts

The following table presents Long-term debt to financing trusts:

	June 30, 2020						December 31, 2019
	Exelon		ComEd		PECO		Exelon		ComEd		PECO
ComEd Financing III	$	206	$	205	$	—	$	206	$	205	$	—
PECO Trust III	81		—		81		81		—		81
PECO Trust IV	103		—		103		103		—		103
Total	$	390	$	205	$	184	$	390	$	205	$	184