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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Operating revenues        
Revenues from alternative revenue programs $ (47) $ (11) $ 129 $ (66)
Operating revenues from affiliates 0 1 0 4
Total operating revenues 8,910 8,853 26,715 24,925
Operating expenses        
Operating and maintenance 1,992 2,732 6,416 7,370
Depreciation and amortization 1,624 1,289 4,988 3,312
Taxes other than income taxes 468 452 1,337 1,299
Total operating expenses 7,117 8,087 24,758 22,387
Gain on sales of assets and businesses 65 3 147 16
Operating income (loss) 1,858 769 2,104 2,554
Other income and (deductions)        
Interest expense, net (391) (398) (1,161) (1,222)
Interest expense to affiliates (6) (6) (19) (19)
Other, net (55) 421 751 352
Total other income and (deductions) (452) 17 (429) (889)
Income before income taxes 1,406 786 1,675 1,665
Income taxes 174 216 229 141
Equity in losses of unconsolidated affiliates (3) (1) (5) (5)
Net income (loss) 1,229 569 1,441 1,519
Net income (loss) attributable to noncontrolling interests 26 68 126 (85)
Net Income (Loss) Available to Common Stockholders, Basic 1,203 501 1,315 1,604
Other comprehensive income (loss), net of income taxes        
Prior service benefit reclassified to periodic benefit cost (1) (10) (4) (30)
Actuarial loss reclassified to periodic benefit cost 56 49 167 142
Pension and non-pension postretirement benefit plan valuation adjustment 14 (13) 15 (17)
Unrealized (loss) gain on cash flow hedges 0 (1) (1) (2)
Unrealized gain (loss) on foreign currency translation (3) 3 0 (3)
Other comprehensive income 66 28 177 90
Comprehensive income 1,295 597 1,618 1,609
Comprehensive income (loss) attributable to noncontrolling interests 26 68 126 (85)
Comprehensive income attributable to common shareholders/membership interest $ 1,269 $ 529 $ 1,492 $ 1,694
Average shares of common stock outstanding:        
Basic average shares of common stock outstanding 979 976 978 976
Assumed exercise and/or distributions of stock-based awards 1 1 1 0
Diluted average shares of common stock outstanding [1] 980 977 979 976
Earnings per average common share        
Basic earnings per average common share $ 1.23 $ 0.51 $ 1.34 $ 1.64
Diluted earnings per average common share $ 1.23 $ 0.51 $ 1.34 $ 1.64
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 0 1 0 1
Exelon Generation Co L L C [Member]        
Operating revenues        
Operating revenues from affiliates $ 324 $ 331 $ 872 $ 932
Total operating revenues 4,406 4,659 14,117 13,272
Operating expenses        
Purchased power and fuel from affiliates 4 3 0 (6)
Operating and maintenance 761 1,605 2,955 3,779
Operating and maintenance from affiliates 177 132 458 409
Depreciation and amortization 866 558 2,735 1,161
Taxes other than income taxes 115 118 354 364
Total operating expenses 3,465 4,727 14,605 12,674
Gain on sales of assets and businesses 65 0 144 12
Operating income (loss) 1,006 (68) (344) 610
Other income and (deductions)        
Interest expense, net (73) (72) (214) (251)
Interest expense to affiliates (4) (8) (11) (26)
Other, net (115) 367 561 199
Total other income and (deductions) (192) 287 336 (78)
Income before income taxes 814 219 (8) 532
Income taxes 177 100 108 41
Equity in losses of unconsolidated affiliates (4) (2) (6) (6)
Net income (loss) 633 117 (122) 485
Net income (loss) attributable to noncontrolling interests 26 68 125 (85)
Net income attributable to membership interest 607 49 (247) 570
Other comprehensive income (loss), net of income taxes        
Unrealized (loss) gain on cash flow hedges 0 0 (1) (1)
Unrealized gain (loss) on foreign currency translation (4) 3 0 (3)
Other comprehensive income (4) 3 (1) (4)
Comprehensive income 629 120 (123) 481
Comprehensive income (loss) attributable to noncontrolling interests 26 68 125 (85)
Comprehensive income attributable to common shareholders/membership interest 603 52 (248) 566
Commonwealth Edison Co [Member]        
Operating revenues        
Revenues from alternative revenue programs (32) (38) 32 (51)
Operating revenues from affiliates 9 15 19 31
Total operating revenues 1,789 1,643 4,840 4,499
Operating expenses        
Purchased power and/or fuel from affiliates 93 71 256 252
Operating and maintenance 257 252 752 964
Operating and maintenance from affiliates 73 69 217 209
Depreciation and amortization 304 294 893 841
Taxes other than income taxes 91 81 243 227
Total operating expenses 1,428 1,302 3,833 3,798
Operating income (loss) 361 341 1,007 701
Other income and (deductions)        
Interest expense, net (95) (92) (282) (277)
Interest expense to affiliates (3) (3) (10) (10)
Other, net 13 10 35 32
Total other income and (deductions) (85) (85) (257) (255)
Income before income taxes 276 256 750 446
Income taxes 56 60 141 142
Net income (loss) 220 196 609 304
Other comprehensive income (loss), net of income taxes        
Comprehensive income 220 196 609 304
PECO Energy Co [Member]        
Operating revenues        
Revenues from alternative revenue programs 3 5 20 10
Operating revenues from affiliates 2 3 6 7
Total operating revenues 818 813 2,399 2,306
Operating expenses        
Purchased power and/or fuel from affiliates 60 67 141 144
Operating and maintenance 220 214 580 628
Operating and maintenance from affiliates 43 37 126 114
Depreciation and amortization 86 85 259 259
Taxes other than income taxes 51 53 143 131
Total operating expenses 677 658 1,908 1,900
Operating income (loss) 141 155 491 406
Other income and (deductions)        
Interest expense, net (37) (36) (110) (100)
Interest expense to affiliates (3) (3) (9) (8)
Other, net 7 6 20 12
Total other income and (deductions) (33) (33) (99) (96)
Income before income taxes 108 122 392 310
Income taxes (3) (16) 9 (7)
Net income (loss) 111 138 383 317
Other comprehensive income (loss), net of income taxes        
Comprehensive income 111 138 383 317
Baltimore Gas and Electric Company [Member]        
Operating revenues        
Revenues from alternative revenue programs (24) (9) (17) (10)
Operating revenues from affiliates 7 6 20 16
Total operating revenues 770 731 2,426 2,284
Operating expenses        
Purchased power and/or fuel from affiliates 64 83 193 249
Operating and maintenance 159 152 458 445
Operating and maintenance from affiliates 46 39 137 122
Depreciation and amortization 142 133 434 405
Taxes other than income taxes 72 68 211 200
Total operating expenses 709 642 2,080 1,903
Operating income (loss) 61 89 346 381
Other income and (deductions)        
Interest expense, net (36) (34) (103) (99)
Other, net 7 6 23 17
Total other income and (deductions) (29) (28) (80) (82)
Income before income taxes 32 61 266 299
Income taxes (4) 8 (24) 26
Net income (loss) 36 53 290 273
Other comprehensive income (loss), net of income taxes        
Comprehensive income 36 53 290 273
Pepco Holdings LLC [Member]        
Operating revenues        
Revenues from alternative revenue programs 6 31 94 (15)
Operating revenues from affiliates 3 6 10 13
Total operating revenues 1,470 1,368 3,854 3,554
Operating expenses        
Purchased power and/or fuel from affiliates 100 106 277 288
Operating and maintenance 235 237 668 702
Operating and maintenance from affiliates 43 38 122 111
Depreciation and amortization 210 200 614 585
Taxes other than income taxes 127 121 349 343
Total operating expenses 1,155 1,102 3,167 3,057
Gain on sales of assets and businesses 0 0 0 2
Operating income (loss) 315 266 687 499
Other income and (deductions)        
Interest expense, net (67) (67) (201) (201)
Other, net 16 16 52 42
Total other income and (deductions) (51) (51) (149) (159)
Income before income taxes 264 215 538 340
Income taxes (2) (1) 3 (77)
Equity in losses of unconsolidated affiliates 0 0 0 1
Net income (loss) 266 216 535 418
Other comprehensive income (loss), net of income taxes        
Comprehensive income attributable to common shareholders/membership interest 266 216 535 418
Potomac Electric Power Company [Member]        
Operating revenues        
Revenues from alternative revenue programs 9 18 54 20
Operating revenues from affiliates 2 3 4 6
Total operating revenues 660 611 1,736 1,650
Operating expenses        
Purchased power and/or fuel from affiliates 69 80 200 219
Operating and maintenance 68 57 186 184
Operating and maintenance from affiliates 52 49 155 152
Depreciation and amortization 104 96 302 282
Taxes other than income taxes 105 100 282 279
Total operating expenses 501 465 1,396 1,364
Operating income (loss) 159 146 340 286
Other income and (deductions)        
Interest expense, net (35) (35) (104) (103)
Other, net 12 10 37 28
Total other income and (deductions) (23) (25) (67) (75)
Income before income taxes 136 121 273 211
Income taxes 6 3 9 (16)
Net income (loss) 130 118 264 227
Other comprehensive income (loss), net of income taxes        
Comprehensive income 130 118 264 227
Delmarva Power and Light Company [Member]        
Operating revenues        
Revenues from alternative revenue programs (2) 8 17 (15)
Operating revenues from affiliates 2 3 6 7
Total operating revenues 360 337 1,040 954
Operating expenses        
Purchased power and/or fuel from affiliates 26 21 63 60
Operating and maintenance 47 64 132 160
Operating and maintenance from affiliates 40 37 117 112
Depreciation and amortization 53 48 157 143
Taxes other than income taxes 17 16 50 49
Total operating expenses 295 296 858 843
Operating income (loss) 65 41 182 111
Other income and (deductions)        
Interest expense, net (15) (15) (47) (47)
Other, net 3 2 9 7
Total other income and (deductions) (12) (13) (38) (40)
Income before income taxes 53 28 144 71
Income taxes 3 1 9 (20)
Net income (loss) 50 27 135 91
Other comprehensive income (loss), net of income taxes        
Comprehensive income 50 27 135 91
Atlantic City Electric Company [Member]        
Operating revenues        
Revenues from alternative revenue programs 0 5 23 (20)
Operating revenues from affiliates 1 1 2 3
Total operating revenues 451 420 1,080 952
Operating expenses        
Purchased power and/or fuel from affiliates 5 4 14 9
Operating and maintenance 46 45 128 140
Operating and maintenance from affiliates 35 32 103 98
Depreciation and amortization 46 48 133 134
Taxes other than income taxes 2 2 6 6
Total operating expenses 359 338 911 847
Gain on sales of assets and businesses 0 0 0 2
Operating income (loss) 92 82 169 107
Other income and (deductions)        
Interest expense, net (14) (15) (43) (45)
Other, net 1 1 3 5
Total other income and (deductions) (13) (14) (40) (40)
Income before income taxes 79 68 129 67
Income taxes (11) (7) (12) (39)
Net income (loss) 90 75 141 106
Other comprehensive income (loss), net of income taxes        
Comprehensive income 90 75 141 106
Generation commodities and services [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 4,084 4,331 13,250 12,348
Operating expenses        
Purchased power and/or fuel 1,541 2,311 8,103 6,967
Generation commodities and services [Member] | Exelon Generation Co L L C [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 4,082 4,328 13,245 12,340
Operating expenses        
Purchased power and/or fuel 1,542 2,311 8,103 6,967
Rate-regulated utility revenues [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 4,873 4,533 13,336 12,643
Operating expenses        
Purchased power and/or fuel 1,492 1,303 3,914 3,439
Electricity, US Regulated [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 4,657 4,365 12,432 11,585
Electricity, US Regulated [Member] | Commonwealth Edison Co [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 1,812 1,666 4,789 4,519
Operating expenses        
Purchased power and/or fuel 610 535 1,472 1,305
Electricity, US Regulated [Member] | PECO Energy Co [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 757 751 2,008 1,931
Operating expenses        
Purchased power and/or fuel 206 190 540 495
Electricity, US Regulated [Member] | Baltimore Gas and Electric Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 694 649 1,874 1,775
Operating expenses        
Purchased power and/or fuel 206 155 501 376
Electricity, US Regulated [Member] | Pepco Holdings LLC [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 1,438 1,308 3,632 3,440
Operating expenses        
Purchased power and/or fuel 431 393 1,087 979
Electricity, US Regulated [Member] | Potomac Electric Power Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 649 590 1,678 1,624
Operating expenses        
Purchased power and/or fuel 103 83 271 248
Electricity, US Regulated [Member] | Delmarva Power and Light Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 337 303 899 846
Operating expenses        
Purchased power and/or fuel 103 103 289 270
Electricity, US Regulated [Member] | Atlantic City Electric Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 450 414 1,055 969
Operating expenses        
Purchased power and/or fuel 225 207 527 460
Natural Gas, US Regulated [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 169 159 1,035 990
Natural Gas, US Regulated [Member] | PECO Energy Co [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 56 54 365 358
Operating expenses        
Purchased power and/or fuel 11 12 119 129
Natural Gas, US Regulated [Member] | Baltimore Gas and Electric Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 93 85 549 503
Operating expenses        
Purchased power and/or fuel 20 12 146 106
Natural Gas, US Regulated [Member] | Pepco Holdings LLC [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 23 23 118 116
Operating expenses        
Purchased power and/or fuel 9 7 50 49
Natural Gas, US Regulated [Member] | Delmarva Power and Light Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 23 23 118 116
Operating expenses        
Purchased power and/or fuel $ 9 $ 7 $ 50 $ 49
[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 nine months ended September 30, 2021 and approximately 1 million for the three and nine months ended September 30, 2020, respectively.