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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Operating revenues        
Revenues from alternative revenue programs $ 47 $ (122) $ 176 $ (55)
Operating revenues from affiliates 0 1 0 2
Total operating revenues 7,915 7,322 17,805 16,069
Operating expenses        
Operating and maintenance 2,447 2,433 4,426 4,637
Depreciation and amortization 1,666 1,001 3,363 2,023
Taxes other than income taxes 432 411 870 847
Total operating expenses 7,561 6,769 17,643 14,298
Gain on sales of assets and businesses 12 12 83 13
Operating income (loss) 366 565 245 1,784
Other income and (deductions)        
Interest expense, net (390) (421) (770) (824)
Interest expense to affiliates (6) (6) (13) (13)
Other, net 581 656 806 (68)
Total other income and (deductions) 185 229 23 (905)
Income before income taxes 551 794 268 879
Income taxes 74 219 55 (75)
Equity in losses of unconsolidated affiliates (1) (1) (2) (4)
Net income (loss) 476 574 211 950
Net income (loss) attributable to noncontrolling interests 75 53 99 (153)
Net Income (Loss) Available to Common Stockholders, Basic 401 521 112 1,103
Other comprehensive income (loss), net of income taxes        
Prior service benefit reclassified to periodic benefit cost (1) (10) (2) (20)
Actuarial loss reclassified to periodic benefit cost 56 47 112 94
Pension and non-pension postretirement benefit plan valuation adjustment 0 2 (2) (5)
Unrealized (loss) gain on cash flow hedges 0 0 0 (1)
Unrealized gain (loss) on foreign currency translation 2 2 3 (6)
Other comprehensive income 57 41 111 62
Comprehensive income 533 615 322 1,012
Comprehensive income (loss) attributable to noncontrolling interests 75 53 99 (153)
Comprehensive income attributable to common shareholders/membership interest $ 458 $ 562 $ 223 $ 1,165
Average shares of common stock outstanding:        
Basic average shares of common stock outstanding 978 976 978 975
Assumed exercise and/or distributions of stock-based awards 1 0 1 1
Diluted average shares of common stock outstanding [1] 979 976 979 976
Earnings per average common share        
Basic earnings per average common share $ 0.41 $ 0.53 $ 0.11 $ 1.13
Diluted earnings per average common share $ 0.41 $ 0.53 $ 0.11 $ 1.13
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 0 1 0 0
Exelon Generation Co L L C [Member]        
Operating revenues        
Operating revenues from affiliates $ 254 $ 271 $ 549 $ 601
Total operating revenues 4,153 3,880 9,712 8,613
Operating expenses        
Purchased power and fuel from affiliates (5) (3) (5) (9)
Operating and maintenance 1,337 1,053 2,194 2,174
Operating and maintenance from affiliates 137 136 282 277
Depreciation and amortization 930 300 1,869 604
Taxes other than income taxes 118 116 239 246
Total operating expenses 4,469 3,547 11,141 7,947
Gain on sales of assets and businesses 8 12 79 12
Operating income (loss) (308) 345 (1,350) 678
Other income and (deductions)        
Interest expense, net (72) (78) (140) (179)
Interest expense to affiliates (4) (9) (8) (18)
Other, net 508 602 675 (168)
Total other income and (deductions) 432 515 527 (365)
Income before income taxes 124 860 (823) 313
Income taxes 110 329 (70) (59)
Equity in losses of unconsolidated affiliates (1) (2) (3) (4)
Net income (loss) 13 529 (756) 368
Net income (loss) attributable to noncontrolling interests 74 53 98 (153)
Net income attributable to membership interest (61) 476 (854) 521
Other comprehensive income (loss), net of income taxes        
Unrealized (loss) gain on cash flow hedges 0 0 0 (1)
Unrealized gain (loss) on foreign currency translation 2 2 3 (6)
Other comprehensive income 2 2 3 (7)
Comprehensive income 15 531 (753) 361
Comprehensive income (loss) attributable to noncontrolling interests 74 53 98 (153)
Comprehensive income attributable to common shareholders/membership interest (59) 478 (851) 514
Commonwealth Edison Co [Member]        
Operating revenues        
Revenues from alternative revenue programs 9 (25) 64 (13)
Operating revenues from affiliates 5 11 11 16
Total operating revenues 1,517 1,417 3,052 2,856
Operating expenses        
Purchased power and/or fuel from affiliates 79 84 163 181
Operating and maintenance 250 469 495 713
Operating and maintenance from affiliates 73 67 144 140
Depreciation and amortization 296 274 589 547
Taxes other than income taxes 77 71 153 146
Total operating expenses 1,196 1,345 2,406 2,497
Operating income (loss) 321 72 646 359
Other income and (deductions)        
Interest expense, net (95) (95) (187) (186)
Interest expense to affiliates (3) (3) (6) (6)
Other, net 15 11 22 22
Total other income and (deductions) (83) (87) (171) (170)
Income before income taxes 238 (15) 475 189
Income taxes 46 46 85 82
Net income (loss) 192 (61) 390 107
Other comprehensive income (loss), net of income taxes        
Comprehensive income 192 (61) 390 107
PECO Energy Co [Member]        
Operating revenues        
Revenues from alternative revenue programs 7 4 17 5
Operating revenues from affiliates 2 2 4 4
Total operating revenues 693 681 1,582 1,493
Operating expenses        
Purchased power and/or fuel from affiliates 40 40 81 76
Operating and maintenance 166 235 360 414
Operating and maintenance from affiliates 43 40 83 78
Depreciation and amortization 87 88 173 173
Taxes other than income taxes 49 39 92 78
Total operating expenses 552 618 1,231 1,242
Operating income (loss) 141 63 351 251
Other income and (deductions)        
Interest expense, net (39) (33) (74) (65)
Interest expense to affiliates (3) (3) (6) (6)
Other, net 7 5 12 7
Total other income and (deductions) (35) (31) (68) (64)
Income before income taxes 106 32 283 187
Income taxes 2 (7) 12 9
Net income (loss) 104 39 271 178
Other comprehensive income (loss), net of income taxes        
Comprehensive income 104 39 271 178
Baltimore Gas and Electric Company [Member]        
Operating revenues        
Revenues from alternative revenue programs (10) (37) 8 0
Operating revenues from affiliates 7 4 13 10
Total operating revenues 682 616 1,656 1,554
Operating expenses        
Purchased power and/or fuel from affiliates 59 69 129 167
Operating and maintenance 147 146 299 293
Operating and maintenance from affiliates 46 41 91 83
Depreciation and amortization 141 129 293 272
Taxes other than income taxes 67 63 139 132
Total operating expenses 620 573 1,372 1,263
Operating income (loss) 62 43 284 291
Other income and (deductions)        
Interest expense, net (34) (32) (67) (64)
Other, net 9 6 16 10
Total other income and (deductions) (25) (26) (51) (54)
Income before income taxes 37 17 233 237
Income taxes (8) (22) (21) 18
Net income (loss) 45 39 254 219
Other comprehensive income (loss), net of income taxes        
Comprehensive income 45 39 254 219
Pepco Holdings LLC [Member]        
Operating revenues        
Revenues from alternative revenue programs 41 (64) 88 (47)
Operating revenues from affiliates 4 3 7 7
Total operating revenues 1,140 1,016 2,384 2,187
Operating expenses        
Purchased power and/or fuel from affiliates 79 78 177 182
Operating and maintenance 217 245 434 464
Operating and maintenance from affiliates 39 36 79 74
Depreciation and amortization 194 191 404 385
Taxes other than income taxes 109 109 222 222
Total operating expenses 955 956 2,013 1,955
Gain on sales of assets and businesses 0 0 0 2
Operating income (loss) 185 60 371 234
Other income and (deductions)        
Interest expense, net (67) (67) (134) (134)
Other, net 20 14 36 26
Total other income and (deductions) (47) (53) (98) (108)
Income before income taxes 138 7 273 126
Income taxes (3) (87) 5 (76)
Equity in losses of unconsolidated affiliates 0 0 1 0
Net income (loss) 141 94 269 202
Other comprehensive income (loss), net of income taxes        
Comprehensive income attributable to common shareholders/membership interest 141 94 269 202
Potomac Electric Power Company [Member]        
Operating revenues        
Revenues from alternative revenue programs 19 (13) 46 2
Operating revenues from affiliates 1 1 3 3
Total operating revenues 523 494 1,076 1,039
Operating expenses        
Purchased power and/or fuel from affiliates 57 60 130 139
Operating and maintenance 62 67 118 128
Operating and maintenance from affiliates 51 52 103 103
Depreciation and amortization 96 92 199 186
Taxes other than income taxes 87 87 177 179
Total operating expenses 429 436 895 899
Operating income (loss) 94 58 181 140
Other income and (deductions)        
Interest expense, net (35) (34) (69) (68)
Other, net 13 9 25 18
Total other income and (deductions) (22) (25) (44) (50)
Income before income taxes 72 33 137 90
Income taxes (3) (24) 3 (19)
Net income (loss) 75 57 134 109
Other comprehensive income (loss), net of income taxes        
Comprehensive income 75 57 134 109
Delmarva Power and Light Company [Member]        
Operating revenues        
Revenues from alternative revenue programs 10 (25) 19 (24)
Operating revenues from affiliates 2 2 4 4
Total operating revenues 298 267 680 617
Operating expenses        
Purchased power and/or fuel from affiliates 17 16 37 38
Operating and maintenance 41 54 85 97
Operating and maintenance from affiliates 39 38 79 75
Depreciation and amortization 51 47 104 94
Taxes other than income taxes 16 17 33 32
Total operating expenses 255 263 564 547
Operating income (loss) 43 4 116 70
Other income and (deductions)        
Interest expense, net (16) (15) (30) (31)
Other, net 4 2 6 5
Total other income and (deductions) (12) (13) (24) (26)
Income before income taxes 31 (9) 92 44
Income taxes 1 (28) 6 (20)
Net income (loss) 30 19 86 64
Other comprehensive income (loss), net of income taxes        
Comprehensive income 30 19 86 64
Atlantic City Electric Company [Member]        
Operating revenues        
Revenues from alternative revenue programs 12 (26) 23 (25)
Operating revenues from affiliates 1 1 1 1
Total operating revenues 319 256 629 532
Operating expenses        
Purchased power and/or fuel from affiliates 5 2 9 5
Operating and maintenance 39 48 82 94
Operating and maintenance from affiliates 34 34 68 66
Depreciation and amortization 40 44 87 86
Taxes other than income taxes 2 2 4 4
Total operating expenses 269 258 552 509
Gain on sales of assets and businesses 0 0 0 2
Operating income (loss) 50 (2) 77 25
Other income and (deductions)        
Interest expense, net (14) (15) (29) (29)
Other, net 0 2 2 3
Total other income and (deductions) (14) (13) (27) (26)
Income before income taxes 36 (15) 50 (1)
Income taxes (1) (33) (1) (32)
Net income (loss) 37 18 51 31
Other comprehensive income (loss), net of income taxes        
Comprehensive income 37 18 51 31
Generation commodities and services        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 3,900 3,612 9,165 8,016
Operating expenses        
Purchased power and/or fuel 1,952 1,945 6,562 4,655
Generation commodities and services | Exelon Generation Co L L C [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 3,899 3,609 9,163 8,012
Operating expenses        
Purchased power and/or fuel 1,952 1,945 6,562 4,655
Rate-regulated utility revenues        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 3,968 3,832 8,464 8,108
Operating expenses        
Purchased power and/or fuel 1,064 979 2,422 2,136
Electricity, US Regulated        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 3,787 3,475 7,775 7,222
Electricity, US Regulated | Commonwealth Edison Co [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 1,503 1,431 2,977 2,853
Operating expenses        
Purchased power and/or fuel 421 380 862 770
Electricity, US Regulated | PECO Energy Co [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 602 580 1,251 1,180
Operating expenses        
Purchased power and/or fuel 145 142 334 306
Electricity, US Regulated | Baltimore Gas and Electric Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 560 530 1,180 1,125
Operating expenses        
Purchased power and/or fuel 133 107 295 221
Electricity, US Regulated | Pepco Holdings LLC [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 1,071 1,047 2,195 2,133
Operating expenses        
Purchased power and/or fuel 308 286 656 586
Electricity, US Regulated | Potomac Electric Power Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 503 506 1,027 1,034
Operating expenses        
Purchased power and/or fuel 76 78 168 164
Electricity, US Regulated | Delmarva Power and Light Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 262 260 562 543
Operating expenses        
Purchased power and/or fuel 82 80 185 169
Electricity, US Regulated | Atlantic City Electric Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 306 281 605 556
Operating expenses        
Purchased power and/or fuel 149 128 302 254
Natural Gas, US Regulated        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 228 236 865 832
Natural Gas, US Regulated | PECO Energy Co [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 82 95 310 304
Operating expenses        
Purchased power and/or fuel 22 34 108 117
Natural Gas, US Regulated | Baltimore Gas and Electric Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 125 119 455 419
Operating expenses        
Purchased power and/or fuel 27 18 126 95
Natural Gas, US Regulated | Pepco Holdings LLC [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 24 30 94 94
Operating expenses        
Purchased power and/or fuel 9 11 41 42
Natural Gas, US Regulated | Delmarva Power and Light Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 24 30 95 94
Operating expenses        
Purchased power and/or fuel $ 9 $ 11 $ 41 $ 42
[1] The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was zero for the three and six months ended June 30, 2021 and 1 million and less than 1 million for the three and six months ended June 30, 2020, respectively.