XML 66 R22.htm IDEA: XBRL DOCUMENT v3.21.1
Supplemental Financial Information (All Registrants)
 3 Months Ended
Mar. 31, 2021
Supplemental Financial Information [Abstract]  
Supplemental Financial Information (All Registrants) Supplemental Financial Information (All Registrants)
Supplemental Statement of Operations Information
The following tables provide additional information about material items recorded in the Registrants' Consolidated Statements of Operations and Comprehensive Income.
Operating revenues
ExelonGenerationPHIDPL
Three Months Ended March 31, 2021
Operating lease income$4 $3 $1 $1 
Variable lease income64 64 — — 
Three Months Ended March 31, 2020
Operating lease income$5 $3 $1 $1 
Variable lease income69 69 — — 
Taxes other than income taxes
ExelonGenerationComEdPECOBGEPHIPepcoDPLACE
Three Months Ended March 31, 2021
Utility taxes(a)
$217 $24 $59 $35 $25 $74 $67 $6 $1 
Property154 68 8 4 42 32 21 10 1 
Payroll61 28 7 4 5 7 2 1 — 
Three Months Ended March 31, 2020
Utility taxes(a)
$218 $26 $60 $31 $26 $75 $69 $6 $— 
Property150 69 7 4 39 31 21 9 1 
Payroll63 31 7 4 4 8 2 1 1 
__________
(a)Generation’s utility tax represents gross receipts tax related to its retail operations, and the Utility Registrants' utility taxes represents municipal and state utility taxes and gross receipts taxes related to their operating revenues. The offsetting collection of utility taxes from customers is recorded in revenues in the Registrants’ Consolidated Statements of Operations and Comprehensive Income.
Other, net
ExelonGenerationComEdPECOBGEPHIPepcoDPLACE
Three Months Ended March 31, 2021
Decommissioning-related activities:
Net realized income on NDT funds(a)
Regulatory Agreement Units$291 $291 $— $— $— $— $— $— $— 
Non-Regulatory Agreement Units203 203 — — — — — — — 
Net unrealized gains on NDT funds
Regulatory Agreement Units(82)(82)— — — — — — — 
Non-Regulatory Agreement Units(66)(66)— — — — — — — 
Regulatory offset to NDT fund-related activities(b)
(167)(167)— — — — — — — 
Decommissioning-related activities179 179 — — — — — — — 
AFUDC — Equity28 — 4 6 7 11 9 1 1 
Non-service net periodic benefit cost20 — — — — — — — — 
Three Months Ended March 31, 2020
Decommissioning-related activities:
Net realized income on NDT funds(a)
Regulatory Agreement Units$47 $47 $— $— $— $— $— $— $— 
Non-Regulatory Agreement Units82 82 — — — — — — — 
Net unrealized gains on NDT funds
Regulatory Agreement Units(932)(932)— — — — — — — 
Non-Regulatory Agreement Units(706)(706)— — — — — — — 
Regulatory offset to NDT fund-related activities(b)
709 709 — — — — — — — 
Decommissioning-related activities(800)(800)— — — — — — — 
AFUDC — Equity23 — 6 3 5 9 6 1 2 
Non-service net periodic benefit cost10 — — — — — — — — 
__________
(a)Realized income includes interest, dividends and realized gains and losses on sales of NDT fund investments.
(b)Includes the elimination of decommissioning-related activities for the Regulatory Agreement Units, including the elimination of income taxes related to all NDT fund activity for those units. See Note 10 — Asset Retirement Obligations of the Exelon 2020 Form 10-K for additional information regarding the accounting for nuclear decommissioning.
Supplemental Cash Flow Information
The following tables provide additional information about material items recorded in the Registrants' Consolidated Statements of Cash Flows.
Depreciation, amortization and accretion
ExelonGenerationComEdPECOBGEPHIPepcoDPLACE
Three Months Ended March 31, 2021
Property, plant, and equipment(a)
$1,522 $928 $239 $82 $106 $154 $67 $42 $37 
Amortization of regulatory assets(a)
160 — 53 4 46 56 35 11 10 
Amortization of intangible assets, net(a)
15 12 — — — — — — — 
Amortization of energy contract assets and liabilities(b)
4 3 — — — — — — — 
Nuclear fuel(c)
276 276 — — — — — — — 
ARO accretion(d)
127 127 — — — — — — — 
Total depreciation, amortization and accretion$2,104 $1,346 $292 $86 $152 $210 $102 $53 $47 
Three Months Ended March 31, 2020
Property, plant, and equipment(a)
$856 $290 $228 $79 $97 $144 $64 $38 $34 
Amortization of regulatory assets(a)
149 — 45 7 46 50 31 10 9 
Amortization of intangible assets, net(a)
16 14 — — — — — — — 
Amortization of energy contract assets and liabilities(b)
2 2 — — — — — — — 
Nuclear fuel(c)
231 231 — — — — — — — 
ARO accretion(d)
124 124 — — — — — — — 
Total depreciation, amortization and accretion$1,378 $661 $273 $86 $143 $194 $95 $48 $43 
__________
(a)Included in Depreciation and amortization in the Registrants' Consolidated Statements of Operations and Comprehensive Income.
(b)Included in Operating revenues or Purchased power and fuel expense in the Registrants’ Consolidated Statements of Operations and Comprehensive Income.
(c)Included in Purchased power and fuel expense in the Registrants’ Consolidated Statements of Operations and Comprehensive Income.
(d)Included in Operating and maintenance expense in the Registrants’ Consolidated Statements of Operations and Comprehensive Income.
Other non-cash operating activities
ExelonGenerationComEdPECOBGEPHIPepcoDPLACE
Three Months Ended March 31, 2021
Pension and non-pension postretirement benefit costs$95 $26 $32 $2 $14 $12 $2 $1 $3 
Allowance for credit losses85 34 13 24 4 10 5 4 1 
Other decommissioning-related activity(a)
(322)(332)— — — — — — — 
Energy-related options(b)
17 17 — — — — — — — 
True-up adjustments to decoupling mechanisms and formula rates(c)
(129)— (54)(10)(18)(46)(26)(9)(11)
Long-term incentive plan32 — — — — — — — — 
Amortization of operating ROU asset37 21 — — 7 7 1 3 1 
AFUDC - Equity(28)— (4)(6)(7)(11)(9)(1)(1)
Three Months Ended March 31, 2020
Pension and non-pension postretirement benefit costs$98 $27 $28 $1 $15 $17 $3 $1 $3 
Allowance for credit losses45 4 7 17 7 10 4 3 3 
Other decommissioning-related activity(a)
128 128 — — — — — — — 
Energy-related options(b)
6 6 — — — — — — — 
True-up adjustments to decoupling mechanisms and formula rates(d)
(71)— (17)— (35)(19)(15)(4)— 
Long-term incentive plan(7)— — — — — — — — 
Amortization of operating ROU asset51 35 — — 8 5 2 2 1 
AFUDC - Equity(23)— (6)(3)(5)(9)(6)(1)(2)
__________
(a)Includes the elimination of decommissioning-related activities for the Regulatory Agreement Units, including the elimination of operating revenues, ARO accretion, ARC amortization, investment income, and income taxes related to all NDT fund activity for these units. See Note 10 — Asset Retirement Obligations of the Exelon 2020 Form 10-K for additional information regarding the accounting for nuclear decommissioning.
(b)Includes option premiums reclassified to realized at the settlement of the underlying contracts and recorded to results of operations.
(c)For ComEd, reflects the true-up adjustments in regulatory assets and liabilities associated with its distribution, energy efficiency, distributed generation, and transmission formula rates. For BGE, Pepco, and DPL, reflects the change in regulatory assets and liabilities associated with their decoupling mechanisms and transmission formula rates. For PECO and ACE, reflects the change in regulatory assets and liabilities associated with their transmission formula rates. See Note 3 — Regulatory Matters for additional information.
(d)For ComEd, reflects the true-up adjustments in regulatory assets and liabilities associated with its distribution and energy efficiency formula rates. For BGE, Pepco, and DPL, reflects the change in regulatory assets and liabilities associated with their decoupling mechanisms. See Note 3 — Regulatory Matters for additional information.
The following tables provide a reconciliation of cash, cash equivalents and restricted cash reported within the Registrants’ Consolidated Balance Sheets that sum to the total of the same amounts in their Consolidated Statements of Cash Flows.
ExelonGenerationComEdPECOBGEPHIPepcoDPLACE
March 31, 2021
Cash and cash equivalents$1,908 $721 $86 $48 $21 $558 $134 $64 $353 
Restricted cash and cash equivalents374 41 270 7 1 37 33 — 4 
Restricted cash included in other long-term assets52 — 43 — — 9 — — 9 
Total cash, restricted cash, and cash equivalents$2,334 $762 $399 $55 $22 $604 $167 $64 $366 
December 31, 2020
Cash and cash equivalents$663 $226 $83 $19 $144 $111 $30 $15 $17 
Restricted cash and cash equivalents438 89 279 7 1 39 35 — 3 
Restricted cash included in other long-term assets53 — 43 — — 10 — — 10 
Cash, restricted cash, and cash equivalents - Held for Sale12 12 — — — — — — — 
Total cash, restricted cash, and cash equivalents$1,166 $327 $405 $26 $145 $160 $65 $15 $30 
March 31, 2020
Cash and cash equivalents$1,457 $821 $514 $31 $11 $49 $18 $7 $8 
Restricted cash and cash equivalents414 150 211 7 1 37 33 — 3 
Restricted cash included in other long-term assets121 — 108 — — 12 — — 12 
Total cash, restricted cash, and cash equivalents$1,992 $971 $833 $38 $12 $98 $51 $7 $23 
December 31, 2019
Cash and cash equivalents$587 $303 $90 $21 $24 $131 $30 $13 $12 
Restricted cash and cash equivalents358 146 150 6 1 36 33 — 2 
Restricted cash included in other long-term assets177 — 163 — — 14 — — 14 
Total cash, restricted cash, and cash equivalents$1,122 $449 $403 $27 $25 $181 $63 $13 $28 
For additional information on restricted cash see Note 1 — Significant Accounting Policies of the Exelon 2020 Form 10-K.
Supplemental Balance Sheet Information
The following tables provide additional information about material items recorded in the Registrants' Consolidated Balance Sheets.
Accrued expenses
ExelonGenerationComEdPECOBGEPHIPepcoDPLACE
March 31, 2021
Compensation-related accruals(a)
$581 $210 $91 $42 $49 $73 $26 $15 $12 
Taxes accrued540 279 70 18 50 108 92 10 12 
Interest accrued424 76 65 36 41 79 37 20 20 
December 31, 2020
Compensation-related accruals(a)
$1,069 $426 $170 $73 $84 $109 $36 $18 $17 
Taxes accrued527 229 94 16 73 117 90 18 12 
Interest accrued331 44 109 37 46 51 26 7 12 
__________
(a)Primarily includes accrued payroll, bonuses and other incentives, vacation and benefits.