XML 74 R29.htm IDEA: XBRL DOCUMENT

Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

Analysis and reconciliation of reportable segment information

An analysis and reconciliation of the Registrants’ reportable segment information to the respective information in the consolidated financial statements for the three and six months ended June 30, 2021 and 2020 is as follows:

Three Months Ended June 30, 2021 and 2020



	Generation		ComEd		PECO		BGE		PHI		Other(a)		Intersegment Eliminations		Exelon
Operating revenues(b):
2021
Competitive businesses electric revenues	$	3,747	$	—	$	—	$	—	$	—	$	—	$	(250)	$	3,497
Competitive businesses natural gas revenues	507		—		—		—		—		—		—		507
Competitive businesses other revenues	(101)		—		—		—		—		—		(3)		(104)
Rate-regulated electric revenues	—		1,517		610		558		1,113		—		(11)		3,787
Rate-regulated natural gas revenues	—		—		83		124		24		—		(3)		228
Shared service and other revenues	—		—		—		—		3		524		(527)		—
Total operating revenues	$	4,153	$	1,517	$	693	$	682	$	1,140	$	524	$	(794)	$	7,915
2020
Competitive businesses electric revenues	$	3,414	$	—	$	—	$	—	$	—	$	—	$	(268)	$	3,146
Competitive businesses natural gas revenues	353		—		—		—		—		—		—		353
Competitive businesses other revenues	113		—		—		—		—		—		(1)		112
Rate-regulated electric revenues	—		1,417		586		504		983		—		(15)		3,475
Rate-regulated natural gas revenues	—		—		95		112		30		—		(1)		236
Shared service and other revenues	—		—		—		—		3		472		(475)		—
Total operating revenues	$	3,880	$	1,417	$	681	$	616	$	1,016	$	472	$	(760)	$	7,322


	Generation		ComEd		PECO		BGE		PHI		Other(a)		Intersegment Eliminations		Exelon
Intersegment revenues(c):
2021	$	254	$	5	$	2	$	7	$	4	$	522	$	(794)	$	—
2020	271		11		2		4		3		470		(760)		1
Depreciation and amortization:


2021	$	930	$	296	$	87	$	141	$	194	$	18	$	—	$	1,666
2020	300		274		88		129		191		19		—		1,001
Operating expenses:
2021	$	4,469	$	1,196	$	552	$	620	$	955	$	537	$	(768)	$	7,561
2020	3,547		1,345		618		573		956		478		(748)		6,769
Interest expense, net:
2021	$	76	$	98	$	42	$	34	$	67	$	79	$	—	$	396
2020	87		98		36		32		67		107		—		427
Income (loss) before income taxes:
2021	$	124	$	238	$	106	$	37	$	138	$	(92)	$	—	$	551
2020	860		(15)		32		17		7		(108)		1		794
Income Taxes:
2021	$	110	$	46	$	2	$	(8)	$	(3)	$	(73)	$	—	$	74
2020	329		46		(7)		(22)		(87)		(40)		—		219
Net income (loss):
2021	$	13	$	192	$	104	$	45	$	141	$	(19)	$	—	$	476
2020	529		(61)		39		39		94		(67)		1		574
Capital Expenditures:
2021	$	337	$	549	$	282	$	284	$	433	$	15	$	—	$	1,900
2020	372		523		253		265		310		34		—		1,757

(a)Other primarily includes Exelon’s corporate operations, shared service entities, and other financing and investment activities.

(b)Includes gross utility tax receipts from customers. The offsetting remittance of utility taxes to the governing bodies is recorded in expenses in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. See Note 18— Supplemental Financial Information for additional information on total utility taxes.

(c)Intersegment revenues exclude sales to unconsolidated affiliates. The intersegment profit associated with Generation’s sale of certain products and services by and between Exelon’s segments is not eliminated in consolidation due to the recognition of intersegment profit in accordance with regulatory accounting guidance. For Exelon, these amounts are included in Operating revenues in the Consolidated Statements of Operations and Comprehensive Income. See Note 19— Related Party Transactions for additional information on intersegment revenues.

PHI:



	Pepco		DPL		ACE		Other(a)		Intersegment Eliminations		PHI
Operating revenues(b):
2021
Rate-regulated electric revenues	$	523	$	274	$	319	$	—	$	(3)	$	1,113
Rate-regulated natural gas revenues	—		24		—		—		—		24
Shared service and other revenues	—		—		—		95		(92)		3
Total operating revenues	$	523	$	298	$	319	$	95	$	(95)	$	1,140
2020
Rate-regulated electric revenues	$	494	$	237	$	256	$	—	$	(4)	$	983
Rate-regulated natural gas revenues	—		30		—		—		—		30
Shared service and other revenues	—		—		—		97		(94)		3
Total operating revenues	$	494	$	267	$	256	$	97	$	(98)	$	1,016
Intersegment revenues(c):
2021	$	1	$	2	$	1	$	95	$	(95)	$	4
2020	1		2		1		97		(98)		3
Depreciation and amortization:
2021	$	96	$	51	$	40	$	7	$	—	$	194
2020	92		47		44		8		—		191
Operating expenses:
2021	$	429	$	255	$	269	$	97	$	(95)	$	955
2020	436		263		258		97		(98)		956
Interest expense, net:
2021	$	35	$	16	$	14	$	2	$	—	$	67
2020	34		15		15		3		—		67
Income (loss) before income taxes:
2021	$	72	$	31	$	36	$	(1)	$	—	$	138
2020	33		(9)		(15)		(2)		—		7
Income Taxes:
2021	$	(3)	$	1	$	(1)	$	—	$	—	$	(3)
2020	(24)		(28)		(33)		(2)		—		(87)
Net income (loss):
2021	$	75	$	30	$	37	$	(1)	$	—	$	141
2020	57		19		18		—		—		94
Capital Expenditures:
2021	$	219	$	99	$	116	$	(1)	$	—	$	433
2020	144		89		77		—		—		310

__________

(a)Other primarily includes PHI’s corporate operations, shared service entities, and other financing and investment activities.

(c)Includes intersegment revenues with ComEd, BGE, and PECO, which are eliminated at Exelon.

Analysis and reconciliation of reportable segment revenues for Generation

The following tables disaggregate the Registrants' revenue recognized from contracts with customers into categories that depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. For Generation, the disaggregation of revenues reflects Generation’s two primary products of power sales and natural gas sales, with further disaggregation of power sales provided by geographic region. For the Utility Registrants, the disaggregation of revenues reflects the two primary utility services of rate-regulated

electric sales and rate-regulated natural gas sales (where applicable), with further disaggregation of these tariff sales provided by major customer groups. Exelon’s disaggregated revenues are consistent with Generation and the Utility Registrants, but exclude any intercompany revenues.

Competitive Business Revenues (Generation):


	Three Months Ended June 30, 2021
	Revenues from external customers(a)						Intersegment Revenues		Total Revenues
	Contracts with customers		Other(b)		Total
Mid-Atlantic	$	1,062	$	24	$	1,086	$	5	$	1,091
Midwest	975		(13)		962		—		962
New York	376		5		381		—		381
ERCOT	179		92		271		4		275
Other Power Regions	921		126		1,047		(9)		1,038
Total Competitive Businesses Electric Revenues	3,513		234		3,747		—		3,747
Competitive Businesses Natural Gas Revenues	253		254		507		—		507
Competitive Businesses Other Revenues(c)	107		(208)		(101)		—		(101)
Total Generation Consolidated Operating Revenues	$	3,873	$	280	$	4,153	$	—	$	4,153


	Three Months Ended June 30, 2020
	Revenues from external customers(a)						Intersegment revenues		Total Revenues
	Contracts with customers		Other(b)		Total
Mid-Atlantic	$	1,100	$	(35)	$	1,065	$	9	$	1,074
Midwest	855		107		962		—		962
New York	336		5		341		(1)		340
ERCOT	175		52		227		7		234
Other Power Regions	776		43		819		(15)		804
Total Competitive Businesses Electric Revenues	3,242		172		3,414		—		3,414
Competitive Businesses Natural Gas Revenues	209		144		353		—		353
Competitive Businesses Other Revenues(c)	86		27		113		—		113
Total Generation Consolidated Operating Revenues	$	3,537	$	343	$	3,880	$	—	$	3,880

__________

(a)Includes all wholesale and retail electric sales to third parties and affiliated sales to the Utility Registrants.

(b)Includes revenues from derivatives and leases.

(c)Other represents activities not allocated to a region. See text above for a description of included activities. Includes unrealized mark-to-market losses of $239 million and gains of $21 million in 2021 and 2020, respectively, and elimination of intersegment revenues.

Revenues net of purchased power and fuel expense (Generation):


	Three Months Ended June 30, 2021						Three Months Ended June 30, 2020
	RNF from external customers(a)		Intersegment RNF		Total RNF		RNF from external customers(a)		Intersegment RNF		Total RNF
Mid-Atlantic	$	567	$	5	$	572	$	516	$	9	$	525
Midwest	658		—		658		702		1		703
New York	289		3		292		243		3		246
ERCOT	80		3		83		92		5		97
Other Power Regions	157		(21)		136		181		(24)		157
Total Revenues net of purchased power and fuel expense for Reportable Segments	1,751		(10)		1,741		1,734		(6)		1,728
Other(b)	455		10		465		204		6		210
Total Generation Revenues net of purchased power and fuel expense	$	2,206	$	—	$	2,206	$	1,938	$	—	$	1,938

__________

(a)Includes purchases and sales from/to third parties and affiliated sales to the Utility Registrants.

(b)Other represents activities not allocated to a region. See text above for a description of included activities. Includes unrealized mark-to-market gains of $314 million and gains of $85 million in 2021 and 2020, respectively and the elimination of intersegment RNF.

Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]

Electric and Gas Revenue by Customer Class (Utility Registrants):


	Three Months Ended June 30, 2021
Revenues from contracts with customers	ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Rate-regulated electric revenues
Residential	$	759	$	383	$	299	$	537	$	223	$	147	$	167
Small commercial & industrial	377		99		60		124		32		46		46
Large commercial & industrial	138		59		108		257		188		22		47
Public authorities & electric railroads	11		8		7		17		10		3		4
Other(a)	214		54		87		139		50		46		43
Total rate-regulated electric revenues(b)	$	1,499	$	603	$	561	$	1,074	$	503	$	264	$	307
Rate-regulated natural gas revenues
Residential	$	—	$	55	$	81	$	12	$	—	$	12	$	—
Small commercial & industrial	—		22		13		6		—		6		—
Large commercial & industrial	—		—		27		1		—		1		—
Transportation	—		5		—		3		—		3		—
Other(c)	—		1		6		2		—		2		—
Total rate-regulated natural gas revenues(d)	$	—	$	83	$	127	$	24	$	—	$	24	$	—
Total rate-regulated revenues from contracts with customers	$	1,499	$	686	$	688	$	1,098	$	503	$	288	$	307

Other revenues
Revenues from alternative revenue programs	$	9	$	7	$	(10)	$	41	$	19	$	10	$	12
Other rate-regulated electric revenues(e)	9		—		3		1		1		—		—
Other rate-regulated natural gas revenues(e)	—		—		1		—		—		—		—

Total other revenues	$	18	$	7	$	(6)	$	42	$	20	$	10	$	12
Total rate-regulated revenues for reportable segments	$	1,517	$	693	$	682	$	1,140	$	523	$	298	$	319


	Three Months Ended June 30, 2020
Revenues from contracts with customers	ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Rate-regulated electric revenues
Residential	$	767	$	377	$	304	$	529	$	237	$	147	$	145
Small commercial & industrial	327		88		51		105		29		39		37
Large commercial & industrial	119		55		94		240		175		22		43
Public authorities & electric railroads	11		7		7		15		8		3		4
Other(a)	218		55		76		161		58		51		53
Total rate-regulated electric revenues(b)	$	1,442	$	582	$	532	$	1,050	$	507	$	262	$	282
Rate-regulated natural gas revenues
Residential	$	—	$	70	$	81	$	17	$	—	$	17	$	—
Small commercial & industrial	—		19		12		8		—		8		—
Large commercial & industrial	—		—		24		1		—		1		—
Transportation	—		6		—		3		—		3		—
Other(c)	—		1		3		1		—		1		—
Total rate-regulated natural gas revenues(d)	$	—	$	96	$	120	$	30	$	—	$	30	$	—
Total rate-regulated revenues from contracts with customers	$	1,442	$	678	$	652	$	1,080	$	507	$	292	$	282

Other revenues
Revenues from alternative revenue programs	$	(25)	$	4	$	(37)	$	(64)	$	(13)	$	(25)	$	(26)
Other rate-regulated electric revenues(e)	—		—		1		—		—		—		—
Other rate-regulated natural gas revenues(e)	—		(1)		—		—		—		—		—

Total other revenues	$	(25)	$	3	$	(36)	$	(64)	$	(13)	$	(25)	$	(26)
Total rate-regulated revenues for reportable segments	$	1,417	$	681	$	616	$	1,016	$	494	$	267	$	256

__________

(a)Includes revenues from transmission revenue from PJM, wholesale electric revenue and mutual assistance revenue.

(b)Includes operating revenues from affiliates in 2021 and 2020 respectively of:

•$5 million, $11 million at ComEd

•$1 million, $1 million at PECO

•$4 million, $3 million at BGE

•$4 million, $3 million at PHI

•$1 million, $1 million at Pepco

•$2 million, $2 million at DPL

•$1 million, $1 million at ACE

(c)Includes revenues from off-system natural gas sales.

(d)Includes operating revenues from affiliates in 2021 and 2020 respectively of:

•less than $1 million at PECO both 2021 and 2020

•$3 million, $1 million at BGE

(e)Includes late payment charge revenues.

Year to Date [Member]

Segment Tables [Line Items]

Analysis and reconciliation of reportable segment information

Six Months Ended June 30, 2021 and 2020


	Generation		ComEd		PECO		BGE		PHI		Other(a)		Intersegment Eliminations		Exelon
Operating revenues(b):
2021
Competitive businesses electric revenues	$	7,935	$	—	$	—	$	—	$	—	$	—	$	(546)	$	7,389


	Generation		ComEd		PECO		BGE		PHI		Other(a)		Intersegment Eliminations		Exelon
Competitive businesses natural gas revenues	1,833		—		—		—		—		—		—		1,833
Competitive businesses other revenues	(56)		—		—		—		—		—		(1)		(57)
Rate-regulated electric revenues	—		3,052		1,271		1,190		2,283		—		(21)		7,775
Rate-regulated natural gas revenues	—		—		311		466		95		—		(7)		865
Shared service and other revenues	—		—		—		—		6		1,013		(1,019)		—
Total operating revenues	$	9,712	$	3,052	$	1,582	$	1,656	$	2,384	$	1,013	$	(1,594)	$	17,805
2020
Competitive businesses electric revenues	$	7,165	$	—	$	—	$	—	$	—	$	—	$	(594)	$	6,571
Competitive businesses natural gas revenues	1,025		—		—		—		—		—		(3)		1,022
Competitive businesses other revenues	423		—		—		—		—		—		(2)		421
Rate-regulated electric revenues	—		2,856		1,189		1,118		2,086		—		(27)		7,222
Rate-regulated natural gas revenues	—		—		304		436		94		—		(2)		832
Shared service and other revenues	—		—		—		—		7		953		(959)		1
Total operating revenues	$	8,613	$	2,856	$	1,493	$	1,554	$	2,187	$	953	$	(1,587)	$	16,069

Intersegment revenues(c):
2021	$	549	$	11	$	4	$	13	$	7	$	1,010	$	(1,594)	$	—
2020	601		16		4		10		7		949		(1,585)		2
Depreciation and amortization:
2021	$	1,869	$	589	$	173	$	293	$	404	$	35	$	—	$	3,363
2020	604		547		173		272		385		42		—		2,023
Operating expenses:
2021	$	11,141	$	2,406	$	1,231	$	1,372	$	2,013	$	1,029	$	(1,549)	$	17,643
2020	7,947		2,497		1,242		1,263		1,955		958		(1,564)		14,298
Interest expense, net:
2021	$	148	$	193	$	80	$	67	$	134	$	161	$	—	$	783
2020	197		192		71		64		134		179		—		837


	Generation		ComEd		PECO		BGE		PHI		Other(a)		Intersegment Eliminations		Exelon
Income (loss) before income taxes:
2021	$	(823)	$	475	$	283	$	233	$	273	$	(174)	$	1	$	268
2020	313		189		187		237		126		(175)		2		879
Income Taxes:
2021	$	(70)	$	85	$	12	$	(21)	$	5	$	44	$	—	$	55
2020	(59)		82		9		18		(76)		(49)		—		(75)
Net income (loss):
2021	$	(756)	$	390	$	271	$	254	$	269	$	(218)	$	1	$	211
2020	368		107		178		219		202		(126)		2		950
Capital Expenditures:
2021	$	719	$	1,162	$	577	$	620	$	889	$	73	$	—	$	4,040
2020	930		1,029		512		548		686		68		—		3,773
Total assets:
June 30, 2021	$	45,821	$	35,324	$	13,491	$	12,186	$	24,235	$	8,507	$	(10,168)	$	129,396
December 31, 2020	48,094		34,466		12,531		11,650		23,736		9,005		(10,165)		129,317

__________

(a)Other primarily includes Exelon’s corporate operations, shared service entities, and other financing and investment activities.

(b)Includes gross utility tax receipts from customers. The offsetting remittance of utility taxes to the governing bodies is recorded in expenses in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. See Note 18 — Supplemental Financial Information for additional information on total utility taxes.

(c)Intersegment revenues exclude sales to unconsolidated affiliates. The intersegment profit associated with Generation’s sale of certain products and services by and between Exelon’s segments is not eliminated in consolidation due to the recognition of intersegment profit in accordance with regulatory accounting guidance. For Exelon, these amounts are included in Operating revenues in the Consolidated Statements of Operations and Comprehensive Income. See Note 19 — Related Party Transactions for additional information on intersegment revenues.

PHI:


	Pepco		DPL		ACE		Other(a)		Intersegment Eliminations		PHI
Operating revenues(b):
2021
Rate-regulated electric revenues	$	1,076	$	585	$	629	$	—	$	(7)	$	2,283
Rate-regulated natural gas revenues	—		95		—		—		—		95
Shared service and other revenues	—		—		—		189		(183)		6
Total operating revenues	$	1,076	$	680	$	629	$	189	$	(190)	$	2,384
2020
Rate-regulated electric revenues	$	1,039	$	523	$	532	$	—	$	(8)	$	2,086
Rate-regulated natural gas revenues	—		94		—		—		—		94
Shared service and other revenues	—		—		—		189		(182)		7
Total operating revenues	$	1,039	$	617	$	532	$	189	$	(190)	$	2,187
Intersegment revenues(c):
2021	$	3	$	4	$	1	$	189	$	(190)	$	7
2020	3		4		1		189		(190)		7
Depreciation and amortization:
2021	$	199	$	104	$	87	$	14	$	—	$	404
2020	186		94		86		19		—		385
Operating expenses:
2021	$	895	$	564	$	552	$	192	$	(190)	$	2,013
2020	899		547		509		190		(190)		1,955
Interest expense, net:
2021	$	69	$	30	$	29	$	6	$	—	$	134
2020	68		31		29		6		—		134
Income (loss) before income taxes:
2021	$	137	$	92	$	50	$	(6)	$	—	$	273
2020	90		44		(1)		(7)		—		126
Income Taxes:
2021	$	3	$	6	$	(1)	$	(3)	$	—	$	5
2020	(19)		(20)		(32)		(5)		—		(76)
Net income (loss):
2021	$	134	$	86	$	51	$	(2)	$	—	$	269
2020	109		64		31		(2)		—		202
Capital Expenditures:
2021	$	439	$	211	$	239	$	—	$	—	$	889
2020	324		184		178		—		—		686
Total assets:
June 30, 2021	$	9,588	$	5,229	$	4,473	$	5,014	$	(69)	$	24,235
December 31, 2020	9,264		5,140		4,286		5,079		(33)		23,736

__________

(a)Other primarily includes PHI’s corporate operations, shared service entities, and other financing and investment activities.

(b)Includes gross utility tax receipts from customers. The offsetting remittance of utility taxes to the governing bodies is recorded in expenses in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. See Note 18 — Supplemental Financial Information for additional information on total utility taxes.

(c)Includes intersegment revenues with ComEd, BGE, and PECO, which are eliminated at Exelon.

Analysis and reconciliation of reportable segment revenues for Generation

Competitive Business Revenues (Generation):



	Six Months Ended June 30, 2021
	Revenues from external customers(a)						Intersegment Revenues		Total Revenues
	Contracts with customers		Other(b)		Total
Mid-Atlantic	$	2,233	$	11	$	2,244	$	11	$	2,255
Midwest	1,983		(24)		1,959		1		1,960
New York	759		(40)		719		—		719
ERCOT	533		(10)		523		9		532
Other Power Regions	2,095		395		2,490		(21)		2,469
Total Competitive Businesses Electric Revenues	7,603		332		7,935		—		7,935
Competitive Businesses Natural Gas Revenues	1,117		716		1,833		—		1,833
Competitive Businesses Other Revenues(c)	195		(251)		(56)		—		(56)
Total Generation Consolidated Operating Revenues	$	8,915	$	797	$	9,712	$	—	$	9,712



	Six Months Ended June 30, 2020
	Revenues from external customers(a)						Intersegment revenues		Total Revenues
	Contracts with customers		Other(b)		Total
Mid-Atlantic	$	2,365	$	(133)	$	2,232	$	15	$	2,247
Midwest	1,798		172		1,970		(6)		1,964
New York	672		(16)		656		(1)		655
ERCOT	330		81		411		13		424
Other Power Regions	1,782		114		1,896		(21)		1,875
Total Competitive Businesses Electric Revenues	6,947		218		7,165		—		7,165
Competitive Businesses Natural Gas Revenues	712		313		1,025		—		1,025
Competitive Businesses Other Revenues(c)	185		238		423		—		423
Total Generation Consolidated Operating Revenues	$	7,844	$	769	$	8,613	$	—	$	8,613

__________

(a)Includes all wholesale and retail electric sales to third parties and affiliated sales to the Utility Registrants.

(b)Includes revenues from derivatives and leases.

(c)Other represents activities not allocated to a region. See text above for a description of included activities. Includes unrealized mark-to-market losses of $323 million and gains of $200 million in 2021 and 2020, respectively, and elimination of intersegment revenues.

Revenues net of purchased power and fuel expense (Generation):



	Six Months Ended June 30, 2021						Six Months Ended June 30, 2020
	RNF from external customers(a)		Intersegment RNF		Total RNF		RNF from external customers(a)		Intersegment RNF		Total RNF
Mid-Atlantic	$	1,130	$	11	$	1,141	$	1,074	$	18	$	1,092
Midwest	1,359		1		1,360		1,431		(4)		1,427
New York	531		5		536		433		7		440
ERCOT	(957)		(145)		(1,102)		168		9		177
Other Power Regions	409		(56)		353		355		(43)		312
Total Revenues net of purchased power and fuel expense for Reportable Segments	2,472		(184)		2,288		3,461		(13)		3,448
Other(b)	683		184		867		506		13		519
Total Generation Revenues net of purchased power and fuel expense	$	3,155	$	—	$	3,155	$	3,967	$	—	$	3,967

__________

(a)Includes purchases and sales from/to third parties and affiliated sales to the Utility Registrants.

(b)Other represents activities not allocated to a region. See text above for a description of included activities. Primarily includes:

•unrealized mark-to-market gains of $489 million and gains of $218 million in 2021 and 2020, respectively;

•accelerated nuclear fuel amortization associated with announced early plant retirements as discussed in Note 7 - Early Plant Retirements of $106 million in 2021; and

• the elimination of intersegment RNF.

Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]

Electric and Gas Revenue by Customer Class (Utility Registrants):



	Six Months Ended June 30, 2021
Revenues from contracts with customers	ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Rate-regulated electric revenues
Residential	$	1,502	$	816	$	662	$	1,142	$	476	$	337	$	329
Small commercial & industrial	744		199		129		242		65		92		85
Large commercial & industrial	271		116		213		505		372		43		90
Public authorities & electric railroads	22		17		13		30		16		7		7
Other(a)	433		106		165		283		101		87		95
Total rate-regulated electric revenues(b)	$	2,972	$	1,254	$	1,182	$	2,202	$	1,030	$	566	$	606
Rate-regulated natural gas revenues
Residential	$	—	$	215	$	297	$	57	$	—	$	57	$	—
Small commercial & industrial	—		81		48		24		—		24		—
Large commercial & industrial	—		—		81		3		—		3		—
Transportation	—		12		—		8		—		8		—
Other(c)	—		3		36		2		—		3		—
Total rate-regulated natural gas revenues(d)	$	—	$	311	$	462	$	94	$	—	$	95	$	—
Total rate-regulated revenues from contracts with customers	$	2,972	$	1,565	$	1,644	$	2,296	$	1,030	$	661	$	606

Other revenues
Revenues from alternative revenue programs	$	64	$	17	$	8	$	88	$	46	$	19	$	23
Other rate-regulated electric revenues(e)	16		—		3		—		—		—		—
Other rate-regulated natural gas revenues(e)	—		—		1		—		—		—		—

Total other revenues	$	80	$	17	$	12	$	88	$	46	$	19	$	23
Total rate-regulated revenues for reportable segments	$	3,052	$	1,582	$	1,656	$	2,384	$	1,076	$	680	$	629



	Six Months Ended June 30, 2020
Revenues from contracts with customers	ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Rate-regulated electric revenues
Residential	$	1,468	$	759	$	644	$	1,062	$	472	$	308	$	282
Small commercial & industrial	689		187		118		221		65		82		74
Large commercial & industrial	253		108		198		493		363		45		85
Public authorities & electric railroads	23		14		14		30		17		6		7
Other(a)	430		113		154		333		119		105		109
Total rate-regulated electric revenues(b)	$	2,863	$	1,181	$	1,128	$	2,139	$	1,036	$	546	$	557
Rate-regulated natural gas revenues
Residential	$	—	$	220	$	287	$	57	$	—	$	57	$	—
Small commercial & industrial	—		70		46		25		—		25		—
Large commercial & industrial	—		—		76		2		—		2		—
Transportation	—		12		—		7		—		7		—
Other(c)	—		2		13		3		—		3		—
Total rate-regulated natural gas revenues(d)	$	—	$	304	$	422	$	94	$	—	$	94	$	—
Total rate-regulated revenues from contracts with customers	$	2,863	$	1,485	$	1,550	$	2,233	$	1,036	$	640	$	557

Other revenues
Revenues from alternative revenue programs	$	(13)	$	5	$	—	$	(47)	$	2	$	(24)	$	(25)
Other rate-regulated electric revenues(e)	6		3		3		1		1		1		—
Other rate-regulated natural gas revenues(e)	—		—		1		—		—		—		—

Total other revenues	$	(7)	$	8	$	4	$	(46)	$	3	$	(23)	$	(25)
Total rate-regulated revenues for reportable segments	$	2,856	$	1,493	$	1,554	$	2,187	$	1,039	$	617	$	532

__________

(a)Includes revenues from transmission revenue from PJM, wholesale electric revenue and mutual assistance revenue.

(b)Includes operating revenues from affiliates in 2021 and 2020 respectively of:

•$11 million, $16 million at ComEd

•$3 million, $3 million at PECO

•$5 million, $6 million at BGE

•$7 million, $7 million at PHI

•$3 million, $3 million at Pepco

•$4 million, $4 million at DPL

•$1 million, $1 million at ACE

(c)Includes revenues from off-system natural gas sales.

(d)Includes operating revenues from affiliates in 2021 and 2020 respectively of:

•$1 million, less than $1 million at PECO

•$7 million, $4 million at BGE

(e)Includes late payment charge revenues.