Accounts Receivable (Tables)

12 Months Ended

Dec. 31, 2020

The following table presents the rollforward of Allowance for Credit Losses on Customer Accounts Receivable for the year ended December 31, 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(a)	248		13		62		79		30		64		24		15		25
Less: Write-offs, net of recoveries(b)	69		5		24		18		7		15		5		4		6
Less: Sale of customer accounts receivable(c)	56		56		—		—		—		—		—		—		—
Balance as of December 31, 2020	$	366	$	32	$	97	$	116	$	35	$	86	$	32	$	22	$	32

_________

(a)For the Utility Registrants, the increase is primarily as a result of increased aging of receivables, the temporary suspension of customer disconnections for non-payment, temporary cessation of new late payment fees, and reconnection of service to customers previously disconnected due to COVID-19.

(b)Recoveries were not material to the Registrants.

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

The following table presents the rollforward of Allowance for Credit Losses on Other Accounts Receivable for the year ended December 31, 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	33		—		5		3		7		18		6		5		7
Less: Write-offs, net of recoveries(a)	10		—		4		2		3		1		—		—		1
Balance as of December 31, 2020	$	71	$	—	$	21	$	8	$	9	$	33	$	13	$	9	$	11

_________

(a)Recoveries were not material to the Registrants.

Unbilled Customer Revenue

The following table provides additional information about unbilled customer revenues recorded in the Registrants' Consolidated Balance Sheets as of December 31, 2020 and 2019.


	Unbilled customer revenues(a)
	Exelon		Generation		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
December 31, 2020	$	998	$	258	$	218	$	147	$	197	$	178	$	87	$	62	$	29
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.

Purchases and Sales of Accounts Receivable

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


	As of December 31, 2020
Derecognized receivables transferred at fair value(a)	$	1,139
Cash proceeds received	500
DPP	639

_________

(a)Includes additional customer accounts receivable sold into the Facility of $6,608 million since the start of the financing agreement.


	For the year ended December 31, 2020
Loss on sale of receivables(a)	$	30

_________

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


	For the year ended December 31, 2020
Proceeds from new transfers	$	2,816
Cash collections received on DPP	3,771
Cash collections reinvested in the Facility	6,587

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 for the year ended December 31, 2020.


	Exelon		Generation		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Total Receivables Purchased	$	3,529	$	—	$	1,094	$	1,020	$	652	$	1,015	$	622	$	207	$	186
Total Receivables Sold	572		824		—		—		—		—		—		—		—

Related Party Transactions:
Receivables purchased from Generation	—		—		34		67		79		72		51		13		8
Receivables sold to the Utility Registrants	—		252		—		—		—		—		—		—		—