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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Operating revenues        
Revenues from alternative revenue programs $ (11) $ (80) $ (66) $ (98)
Operating revenues from affiliates 1 0 4 0
Total operating revenues 8,853 8,929 24,925 26,096
Operating expenses        
Operating and maintenance 2,732 2,072 7,370 6,419
Depreciation and amortization 1,289 1,083 3,312 3,237
Taxes other than income taxes 452 452 1,299 1,316
Total operating expenses 8,087 7,559 22,387 22,703
Gain on sales of assets and businesses 3 (17) 16 19
Operating income 769 1,353 2,554 3,412
Other income and (deductions)        
Interest expense, net (398) (403) (1,222) (1,202)
Interest expense to affiliates (6) (6) (19) (19)
Other, net 421 158 352 837
Total other income and (deductions) 17 (251) (889) (384)
Income before income taxes 786 1,102 1,665 3,028
Income taxes 216 172 141 626
Equity in losses of unconsolidated affiliates (1) (170) (5) (182)
Net income (loss) 569 760 1,519 2,220
Net income (loss) attributable to noncontrolling interests 68 (12) (85) 56
Net Income (Loss) Available to Common Stockholders, Basic 501 772 1,604 2,164
Other comprehensive income (loss), net of income taxes        
Prior service benefit reclassified to periodic benefit cost (10) (16) (30) (49)
Actuarial loss reclassified to periodic benefit cost 49 37 142 111
Pension and non-pension postretirement benefit plan valuation adjustment (13) 6 (17) (32)
Unrealized (loss) gain on cash flow hedges (1) 0 (2) 0
Unrealized (loss) gain on investments in unconsolidated affiliates 0 5 0 1
Unrealized gain (loss) on foreign currency translation 3 (2) (3) 2
Other comprehensive income 28 30 90 33
Comprehensive income 597 790 1,609 2,253
Comprehensive income (loss) attributable to noncontrolling interests 68 (9) (85) 57
Comprehensive income attributable to common shareholders/membership interest $ 529 $ 799 $ 1,694 $ 2,196
Average shares of common stock outstanding:        
Basic average shares of common stock outstanding 976 973 976 972
Assumed exercise and/or distributions of stock-based awards 1 1 0 1
Diluted average shares of common stock outstanding [1] 977 974 976 973
Earnings per average common share:        
Basic earnings per average common share $ 0.51 $ 0.79 $ 1.64 $ 2.23
Diluted earnings per average common share $ 0.51 $ 0.79 $ 1.64 $ 2.22
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 1   1  
Retained Earnings [Member]        
Other income and (deductions)        
Net income (loss) $ 501 $ 772    
Exelon Generation Co L L C [Member]        
Operating revenues        
Operating revenues from affiliates 331 275 $ 932 $ 844
Total operating revenues 4,659 4,774 13,272 14,280
Operating expenses        
Purchased power and/or fuel from affiliates 3 3 (6) 7
Operating and maintenance 1,605 947 3,779 3,131
Operating and maintenance from affiliates 132 140 409 439
Depreciation and amortization 558 407 1,161 1,221
Taxes other than income taxes 118 129 364 394
Total operating expenses 4,727 4,274 12,674 13,333
Gain on sales of assets and businesses 0 (18) 12 15
Operating income (68) 482 610 962
Other income and (deductions)        
Interest expense, net (72) (101) (251) (310)
Interest expense to affiliates (8) (8) (26) (26)
Other, net 367 128 199 729
Total other income and (deductions) 287 19 (78) 393
Income before income taxes 219 501 532 1,355
Income taxes 100 87 41 388
Equity in losses of unconsolidated affiliates (2) (170) (6) (183)
Net income (loss) 117 244 485 784
Net income (loss) attributable to noncontrolling interests 68 (13) (85) 56
Net income attributable to membership interest 49 257 570 728
Other comprehensive income (loss), net of income taxes        
Unrealized (loss) gain on cash flow hedges 0 0 (1) 0
Unrealized (loss) gain on investments in unconsolidated affiliates 0 5 0 1
Unrealized gain (loss) on foreign currency translation 3 (2) (3) 2
Other comprehensive income 3 3 (4) 3
Comprehensive income 120 247 481 787
Comprehensive income (loss) attributable to noncontrolling interests 68 (10) (85) 57
Comprehensive income attributable to common shareholders/membership interest 52 257 566 730
Commonwealth Edison Co [Member]        
Operating revenues        
Revenues from alternative revenue programs (38) (56) (51) (98)
Operating revenues from affiliates 15 4 31 13
Total operating revenues 1,643 1,583 4,499 4,342
Operating expenses        
Purchased power and/or fuel from affiliates 71 83 252 270
Operating and maintenance 252 267 964 771
Operating and maintenance from affiliates 69 73 209 196
Depreciation and amortization 294 259 841 767
Taxes other than income taxes 81 80 227 228
Total operating expenses 1,302 1,256 3,798 3,431
Gain on sales of assets and businesses 0 1 0 4
Operating income 341 328 701 915
Other income and (deductions)        
Interest expense, net (92) (87) (277) (258)
Interest expense to affiliates (3) (4) (10) (10)
Other, net 10 8 32 27
Total other income and (deductions) (85) (83) (255) (241)
Income before income taxes 256 245 446 674
Income taxes 60 45 142 130
Net income (loss) 196 200 304 544
Other comprehensive income (loss), net of income taxes        
Comprehensive income 196 200 304 544
PECO Energy Co [Member]        
Operating revenues        
Revenues from alternative revenue programs 5 (11) 10 (16)
Operating revenues from affiliates 3 1 7 4
Total operating revenues 813 778 2,306 2,333
Operating expenses        
Purchased power and/or fuel from affiliates 67 43 144 122
Operating and maintenance 214 182 628 531
Operating and maintenance from affiliates 37 37 114 112
Depreciation and amortization 85 83 259 247
Taxes other than income taxes 53 47 131 126
Total operating expenses 658 595 1,900 1,783
Operating income 155 183 406 550
Other income and (deductions)        
Interest expense, net (36) (30) (100) (91)
Interest expense to affiliates (3) (3) (8) (9)
Other, net 6 4 12 11
Total other income and (deductions) (33) (29) (96) (89)
Income before income taxes 122 154 310 461
Income taxes (16) 14 (7) 51
Net income (loss) 138 140 317 410
Other comprehensive income (loss), net of income taxes        
Comprehensive income 138 140 317 410
PECO Energy Co [Member] | Retained Earnings [Member]        
Other income and (deductions)        
Net income (loss) 138 140    
Baltimore Gas and Electric Company [Member]        
Operating revenues        
Revenues from alternative revenue programs (9) (5) (10) 11
Operating revenues from affiliates 6 6 16 18
Total operating revenues 731 703 2,284 2,327
Operating expenses        
Purchased power and/or fuel from affiliates 83 64 249 196
Operating and maintenance 152 157 445 451
Operating and maintenance from affiliates 39 39 122 118
Depreciation and amortization 133 116 405 368
Taxes other than income taxes 68 65 200 195
Total operating expenses 642 612 1,903 1,936
Operating income 89 91 381 391
Other income and (deductions)        
Interest expense, net (34) (31) (99) (89)
Other, net 6 7 17 18
Total other income and (deductions) (28) (24) (82) (71)
Income before income taxes 61 67 299 320
Income taxes 8 12 26 59
Net income (loss) 53 55 273 261
Other comprehensive income (loss), net of income taxes        
Comprehensive income 53 55 273 261
Baltimore Gas and Electric Company [Member] | Retained Earnings [Member]        
Other income and (deductions)        
Net income (loss) 53 55    
Pepco Holdings LLC [Member]        
Operating revenues        
Revenues from alternative revenue programs 31 (9) (15) 4
Operating revenues from affiliates 6 4 13 11
Total operating revenues 1,368 1,380 3,554 3,700
Operating expenses        
Purchased power and/or fuel from affiliates 106 83 288 254
Operating and maintenance 237 254 702 706
Operating and maintenance from affiliates 38 36 111 105
Depreciation and amortization 200 193 585 562
Taxes other than income taxes 121 122 343 342
Total operating expenses 1,102 1,124 3,057 3,106
Gain on sales of assets and businesses 0 0 2 0
Operating income 266 256 499 594
Other income and (deductions)        
Interest expense, net (67) (66) (201) (197)
Other, net 16 13 42 39
Total other income and (deductions) (51) (53) (159) (158)
Income before income taxes 215 203 340 436
Income taxes (1) 14 (77) 25
Equity in losses of unconsolidated affiliates 0 0 1 1
Net income (loss) 216 189 418 412
Other comprehensive income (loss), net of income taxes        
Comprehensive income attributable to common shareholders/membership interest 216 189 418 412
Potomac Electric Power Company [Member]        
Operating revenues        
Revenues from alternative revenue programs 18 (3) 20 10
Operating revenues from affiliates 3 2 6 5
Total operating revenues 611 642 1,650 1,748
Operating expenses        
Purchased power and/or fuel from affiliates 80 65 219 188
Operating and maintenance 57 85 184 208
Operating and maintenance from affiliates 49 50 152 156
Depreciation and amortization 96 95 282 281
Taxes other than income taxes 100 104 279 286
Total operating expenses 465 515 1,364 1,444
Operating income 146 127 286 304
Other income and (deductions)        
Interest expense, net (35) (33) (103) (100)
Other, net 10 9 28 22
Total other income and (deductions) (25) (24) (75) (78)
Income before income taxes 121 103 211 226
Income taxes 3 5 (16) 9
Net income (loss) 118 98 227 217
Other comprehensive income (loss), net of income taxes        
Comprehensive income 118 98 227 217
Potomac Electric Power Company [Member] | Retained Earnings [Member]        
Other income and (deductions)        
Net income (loss) 118 98    
Delmarva Power and Light Company [Member]        
Operating revenues        
Revenues from alternative revenue programs 8 (6) (15) (6)
Operating revenues from affiliates 3 1 7 5
Total operating revenues 337 319 954 987
Operating expenses        
Purchased power and/or fuel from affiliates 21 14 60 50
Operating and maintenance 64 43 160 127
Operating and maintenance from affiliates 37 37 112 113
Depreciation and amortization 48 46 143 138
Taxes other than income taxes 16 15 49 43
Total operating expenses 296 268 843 820
Operating income 41 51 111 167
Other income and (deductions)        
Interest expense, net (15) (15) (47) (45)
Other, net 2 2 7 10
Total other income and (deductions) (13) (13) (40) (35)
Income before income taxes 28 38 71 132
Income taxes 1 5 (20) 16
Net income (loss) 27 33 91 116
Other comprehensive income (loss), net of income taxes        
Comprehensive income 27 33 91 116
Delmarva Power and Light Company [Member] | Retained Earnings [Member]        
Other income and (deductions)        
Net income (loss) 27 33    
Atlantic City Electric Company [Member]        
Operating revenues        
Revenues from alternative revenue programs 5 1 (20) 0
Operating revenues from affiliates 1 1 3 2
Total operating revenues 420 419 952 966
Operating expenses        
Purchased power and/or fuel from affiliates 4 3 9 16
Operating and maintenance 45 54 140 142
Operating and maintenance from affiliates 32 32 98 99
Depreciation and amortization 48 43 134 114
Taxes other than income taxes 2 1 6 4
Total operating expenses 338 340 847 838
Gain on sales of assets and businesses 0 0 2 0
Operating income 82 79 107 128
Other income and (deductions)        
Interest expense, net (15) (15) (45) (44)
Other, net 1 1 5 5
Total other income and (deductions) (14) (14) (40) (39)
Income before income taxes 68 65 67 89
Income taxes (7) 2 (39) 2
Net income (loss) 75 63 106 87
Other comprehensive income (loss), net of income taxes        
Comprehensive income 75 63 106 87
Atlantic City Electric Company [Member] | Retained Earnings [Member]        
Other income and (deductions)        
Net income (loss) 75 63    
Generation commodities and services        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 4,330 4,499 12,344 13,436
Operating expenses        
Purchased power and/or fuel 2,311 2,648 6,967 8,142
Generation commodities and services | Exelon Generation Co L L C [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 4,328 4,499 12,340 13,436
Operating expenses        
Purchased power and/or fuel 2,311 2,648 6,967 8,141
Rate-regulated utility revenues        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 4,533 4,510 12,643 12,758
Operating expenses        
Purchased power and/or fuel 1,303 1,304 3,439 3,589
Electricity, US Regulated        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 4,365 4,268 11,585 11,609
Electricity, US Regulated | Commonwealth Edison Co [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 1,666 1,635 4,519 4,427
Operating expenses        
Purchased power and/or fuel 535 494 1,305 1,199
Electricity, US Regulated | PECO Energy Co [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 751 726 1,931 1,914
Operating expenses        
Purchased power and/or fuel 190 185 495 461
Electricity, US Regulated | Baltimore Gas and Electric Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 649 623 1,775 1,814
Operating expenses        
Purchased power and/or fuel 155 159 376 480
Electricity, US Regulated | Pepco Holdings LLC [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 1,308 1,365 3,440 3,570
Operating expenses        
Purchased power and/or fuel 393 428 979 1,086
Electricity, US Regulated | Potomac Electric Power Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 590 643 1,624 1,733
Operating expenses        
Purchased power and/or fuel 83 116 248 325
Electricity, US Regulated | Delmarva Power and Light Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 303 304 846 872
Operating expenses        
Purchased power and/or fuel 103 105 270 298
Electricity, US Regulated | Atlantic City Electric Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 414 417 969 964
Operating expenses        
Purchased power and/or fuel 207 207 460 463
Natural Gas, US Regulated        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 159 163 990 1,046
Natural Gas, US Regulated | PECO Energy Co [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 54 62 358 431
Operating expenses        
Purchased power and/or fuel 12 18 129 184
Natural Gas, US Regulated | Baltimore Gas and Electric Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 85 79 503 484
Operating expenses        
Purchased power and/or fuel 12 12 106 128
Natural Gas, US Regulated | Pepco Holdings LLC [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 23 20 116 115
Operating expenses        
Purchased power and/or fuel 7 8 49 51
Natural Gas, US Regulated | Delmarva Power and Light Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 23 20 116 116
Operating expenses        
Purchased power and/or fuel $ 7 $ 8 $ 49 $ 51
[1] The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was approximately 1 million for the three and nine months ended September 30, 2020, and less than 1 million for the three and nine months ended September 30, 2019.