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Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating revenues      
Revenue from alternative revenue programs $ 6 $ (155) $ (69)
Total operating revenues 33,039 34,438 35,978
Operating expenses      
Operating and maintenance 9,408 8,615 9,337
Depreciation and Amortization 5,014 4,252 4,353
Taxes other than income 1,714 1,732 1,783
Total operating expenses 30,240 30,096 32,143
Gain on sales of assets and businesses 24 31 56
Gain on deconsolidation of business 0 1 0
Operating income (loss) 2,823 4,374 3,891
Other income and (deductions)      
Interest expense, net (1,610) (1,591) (1,529)
Interest expense to affiliates (25) (25) (25)
Other, net 1,145 1,227 (112)
Total other income and (deductions) (490) (389) (1,666)
Income (loss) before income taxes 2,333 3,985 2,225
Income taxes 373 774 118
Equity in losses of unconsolidated affiliates (6) (183) (28)
Net income (loss) 1,954 3,028 2,079
Net income (loss) attributable to common shareholders 1,963 2,936 2,005
Net income (loss) attributable to noncontrolling interests (9) 92 74
Other comprehensive income (loss), net of income taxes      
Prior service benefit reclassified to periodic benefit cost (40) (65) (66)
Actuarial loss reclassified to periodic cost 190 149 247
Pension and non-pension postretirement benefit plan valuation adjustment (357) (289) (143)
Unrealized gain on cash flow hedges (3) 0 12
Unrealized gain (loss) on investments in unconsolidated affiliates 0 1 2
Unrealized (loss) gain on foreign currency translation 4 6 (10)
Other comprehensive income (loss) (206) (198) 42
Comprehensive income (loss) 1,748 2,830 2,121
Comprehensive income attributable to noncontrolling interests (9) 93 75
Comprehensive income (loss) attributable to common shareholders $ 1,757 $ 2,737 $ 2,046
Average shares of common stock outstanding:      
Weighted Average Number of Shares Outstanding, Basic 976 973 967
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements 1 1 2
Weighted Average Number of Shares Outstanding, Diluted [1] 977 974 969
Earnings per average common share:      
Earnings Per Share, Basic $ 2.01 $ 3.02 $ 2.07
Earnings Per Share, Diluted $ 2.01 $ 3.01 $ 2.07
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 0 0 3
Exelon Generation Co L L C [Member]      
Operating revenues      
Operating revenues from affiliates $ 1,211 $ 1,172 $ 1,268
Total operating revenues 17,603 18,924 20,437
Operating expenses      
Purchased power and/or fuel from affiliates (7) 7 14
Operating and maintenance 4,613 4,131 4,803
Operating and maintenance from affiliates 555 587 661
Depreciation and Amortization 2,123 1,535 1,797
Taxes other than income 482 519 556
Total operating expenses 17,358 17,628 19,510
Gain on sales of assets and businesses 11 27 48
Operating income (loss) 256 1,323 975
Other income and (deductions)      
Interest expense, net (328) (394) (396)
Interest expense to affiliates (29) (35) (36)
Other, net 937 1,023 (178)
Total other income and (deductions) 580 594 (610)
Income (loss) before income taxes 836 1,917 365
Income taxes 249 516 (108)
Equity in losses of unconsolidated affiliates (8) (184) (30)
Net income (loss) 579 1,217 443
Net income (loss) attributable to noncontrolling interests (10) 92 73
Net income (loss) attributable to membership interest 589 1,125 370
Other comprehensive income (loss), net of income taxes      
Unrealized gain on cash flow hedges (2) 0 12
Unrealized gain (loss) on investments in unconsolidated affiliates 0 1 1
Unrealized (loss) gain on foreign currency translation 4 6 (10)
Other comprehensive income (loss) 2 7 3
Comprehensive income (loss) 581 1,224 446
Comprehensive income attributable to noncontrolling interests (10) 93 74
Comprehensive income (loss) attributable to common shareholders 591 1,131 372
Commonwealth Edison Co [Member]      
Operating revenues      
Revenue from alternative revenue programs (47) (133) (29)
Operating revenues from affiliates 37 30 27
Total operating revenues 5,904 5,747 5,882
Operating expenses      
Purchased power and/or fuel from affiliates 345 376 529
Operating and maintenance 1,231 1,041 1,068
Operating and maintenance from affiliates 289 264 267
Depreciation and Amortization 1,133 1,033 940
Taxes other than income 299 301 311
Total operating expenses 4,950 4,580 4,741
Gain on sales of assets and businesses 0 4 5
Operating income (loss) 954 1,171 1,146
Other income and (deductions)      
Interest expense, net (369) (346) (334)
Interest expense to affiliates (13) (13) (13)
Other, net 43 39 33
Total other income and (deductions) (339) (320) (314)
Income (loss) before income taxes 615 851 832
Income taxes 177 163 168
Net income (loss) 438 688 664
Other comprehensive income (loss), net of income taxes      
Comprehensive income (loss) 438 688 664
PECO Energy Co [Member]      
Operating revenues      
Revenue from alternative revenue programs 16 (21) (7)
Operating revenues from affiliates 9 6 8
Total operating revenues 3,058 3,100 3,038
Operating expenses      
Purchased power and/or fuel from affiliates 188 157 126
Operating and maintenance 816 707 742
Operating and maintenance from affiliates 159 154 156
Depreciation and Amortization 347 333 301
Taxes other than income 172 165 163
Total operating expenses 2,512 2,388 2,452
Gain on sales of assets and businesses 0 1 1
Operating income (loss) 546 713 587
Other income and (deductions)      
Interest expense, net (136) (124) (115)
Interest expense to affiliates (11) (12) (14)
Other, net 18 16 8
Total other income and (deductions) (129) (120) (121)
Income (loss) before income taxes 417 593 466
Income taxes (30) 65 6
Net income (loss) 447 528 460
Other comprehensive income (loss), net of income taxes      
Comprehensive income (loss) 447 528 460
Baltimore Gas and Electric Company [Member]      
Operating revenues      
Revenue from alternative revenue programs 16 12 (26)
Operating revenues from affiliates 20 26 29
Total operating revenues 3,098 3,106 3,169
Operating expenses      
Purchased power and/or fuel from affiliates 311 286 257
Operating and maintenance 617 600 615
Operating and maintenance from affiliates 172 160 162
Depreciation and Amortization 550 502 483
Taxes other than income 268 260 254
Total operating expenses 2,598 2,574 2,696
Gain on sales of assets and businesses 0 0 1
Operating income (loss) 500 532 474
Other income and (deductions)      
Interest expense, net (133) (121) (106)
Other, net 23 28 19
Total other income and (deductions) (110) (93) (87)
Income (loss) before income taxes 390 439 387
Income taxes 41 79 74
Net income (loss) 349 360 313
Other comprehensive income (loss), net of income taxes      
Comprehensive income (loss) 349 360 313
Pepco Holdings LLC [Member]      
Operating revenues      
Revenue from alternative revenue programs 21 (14) (7)
Operating revenues from affiliates 17 14 15
Total operating revenues 4,663 4,806 4,798
Operating expenses      
Purchased power and/or fuel from affiliates 366 352 355
Operating and maintenance 940 939 978
Operating and maintenance from affiliates 159 143 152
Depreciation and Amortization 782 754 740
Taxes other than income 450 450 455
Total operating expenses 4,045 4,084 4,156
Gain on sales of assets and businesses 11 0 1
Operating income (loss) 629 722 643
Other income and (deductions)      
Interest expense, net (268) (263) (261)
Other, net 57 55 43
Total other income and (deductions) (211) (208) (218)
Income (loss) before income taxes 418 514 425
Income taxes (77) 38 33
Equity in losses of unconsolidated affiliates 0 1 1
Net income (loss) 495 477 393
Other comprehensive income (loss), net of income taxes      
Comprehensive income (loss) attributable to common shareholders 495 477 393
Potomac Electric Power Company [Member]      
Operating revenues      
Revenue from alternative revenue programs 40 (3) (7)
Operating revenues from affiliates 7 5 6
Total operating revenues 2,149 2,260 2,232
Operating expenses      
Purchased power and/or fuel from affiliates 278 264 206
Operating and maintenance 248 273 275
Operating and maintenance from affiliates 205 209 226
Depreciation and Amortization 377 374 385
Taxes other than income 367 378 379
Total operating expenses 1,799 1,899 1,919
Gain on sales of assets and businesses 9 0 0
Operating income (loss) 359 361 313
Other income and (deductions)      
Interest expense, net (138) (133) (128)
Other, net 38 31 31
Total other income and (deductions) (100) (102) (97)
Income (loss) before income taxes 259 259 216
Income taxes (7) 16 11
Net income (loss) 266 243 205
Other comprehensive income (loss), net of income taxes      
Comprehensive income (loss) 266 243 205
Delmarva Power & Light Company [Member]      
Operating revenues      
Revenue from alternative revenue programs (7) (11) 4
Operating revenues from affiliates 9 7 8
Total operating revenues 1,271 1,306 1,332
Operating expenses      
Purchased power and/or fuel from affiliates 75 70 120
Operating and maintenance 208 171 182
Operating and maintenance from affiliates 153 152 162
Depreciation and Amortization 191 184 182
Taxes other than income 65 56 56
Total operating expenses 1,120 1,089 1,143
Gain on sales of assets and businesses 0 0 1
Operating income (loss) 151 217 190
Other income and (deductions)      
Interest expense, net (61) (61) (58)
Other, net 10 13 10
Total other income and (deductions) (51) (48) (48)
Income (loss) before income taxes 100 169 142
Income taxes (25) 22 22
Net income (loss) 125 147 120
Other comprehensive income (loss), net of income taxes      
Comprehensive income (loss) 125 147 120
Atlantic City Electric Company [Member]      
Operating revenues      
Revenue from alternative revenue programs (12) 0 (4)
Operating revenues from affiliates 4 3 3
Total operating revenues 1,245 1,240 1,236
Operating expenses      
Purchased power and/or fuel from affiliates 13 19 29
Operating and maintenance 192 187 188
Operating and maintenance from affiliates 134 133 142
Depreciation and Amortization 180 157 136
Taxes other than income 8 4 5
Total operating expenses 1,123 1,089 1,087
Sale and Leaseback Transaction, Gain (Loss), Net 2 0 0
Operating income (loss) 124 151 149
Other income and (deductions)      
Interest expense, net (59) (58) (64)
Other, net 6 6 2
Total other income and (deductions) (53) (52) (62)
Income (loss) before income taxes 71 99 87
Income taxes (41) 0 12
Net income (loss) 112 99 75
Other comprehensive income (loss), net of income taxes      
Comprehensive income (loss) 112 99 75
Generation commodities and services [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 16,400 17,754 19,168
Operating expenses      
Purchased power and/or fuel 9,592 10,849 11,679
Generation commodities and services [Member] | Exelon Generation Co L L C [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 16,392 17,752 19,169
Operating expenses      
Purchased power and/or fuel 9,592 10,849 11,679
Rate-regulated utility revenues [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 16,633 16,839 16,879
Operating expenses      
Purchased power and/or fuel 4,512 4,648 4,991
Electricity, US Regulated [Member] | Commonwealth Edison Co [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 5,914 5,850 5,884
Operating expenses      
Purchased power and/or fuel 1,653 1,565 1,626
Electricity, US Regulated [Member] | PECO Energy Co [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 2,519 2,505 2,469
Operating expenses      
Purchased power and/or fuel 645 610 734
Electricity, US Regulated [Member] | Baltimore Gas and Electric Company [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 2,323 2,368 2,428
Operating expenses      
Purchased power and/or fuel 509 585 671
Electricity, US Regulated [Member] | Pepco Holdings LLC [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 4,463 4,639 4,609
Operating expenses      
Purchased power and/or fuel 1,279 1,371 1,387
Electricity, US Regulated [Member] | Potomac Electric Power Company [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 2,102 2,258 2,233
Operating expenses      
Purchased power and/or fuel 324 401 448
Electricity, US Regulated [Member] | Delmarva Power & Light Company [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 1,107 1,143 1,139
Operating expenses      
Purchased power and/or fuel 359 381 352
Electricity, US Regulated [Member] | Atlantic City Electric Company [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 1,253 1,237 1,237
Operating expenses      
Purchased power and/or fuel 596 589 587
Natural Gas, US Regulated [Member] | PECO Energy Co [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 514 610 568
Operating expenses      
Purchased power and/or fuel 185 262 230
Natural Gas, US Regulated [Member] | Baltimore Gas and Electric Company [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 739 700 738
Operating expenses      
Purchased power and/or fuel 171 181 254
Natural Gas, US Regulated [Member] | Pepco Holdings LLC [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 162 167 181
Operating expenses      
Purchased power and/or fuel 69 75 89
Natural Gas, US Regulated [Member] | Delmarva Power & Light Company [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 162 167 181
Operating expenses      
Purchased power and/or fuel $ 69 $ 75 $ 89
[1] The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was less than 1 million for the years ended December 31, 2020 and December 31, 2019 and approximately 3 million for the year ended December 31, 2018.