Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2021

Related Party Transactions [Abstract]

Operating Revenues and Purchased Power and Fuel

The following table presents Generation’s Operating revenues from affiliates, which are primarily recorded as Purchased power from affiliates and an immaterial amount recorded as Operating and maintenance expense from affiliates at the Utility Registrants:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Operating revenues from affiliates:
ComEd(a)(b)	$	96	$	71	$	249	$	241
PECO(c)	59		68		142		146
BGE(d)	65		84		195		252
PHI	99		105		276		288
Pepco(e)	69		80		199		219
DPL(f)	25		21		63		60
ACE(g)	5		4		14		9
Other	5		3		10		5
Total operating revenues from affiliates (Generation)	$	324	$	331	$	872	$	932

__________

(a)Generation has an ICC-approved RFP contract with ComEd to provide a portion of ComEd’s electricity supply requirements. Generation also sells RECs and ZECs to ComEd.

(b)For the three and nine months ended September 30, 2021, respectively, ComEd’s Purchased power from Generation of $94 million and $256 million is recorded as Operating revenues from ComEd of $96 million and $249 million and as Purchased power and fuel from ComEd of $2 million and $(7) million at Generation. For the three and nine months ended September 30, 2020, respectively, ComEd’s Purchased power from Generation of $71 million and $252 million is recorded as Operating revenues from ComEd of $71 million and $241 million and as Purchased power and fuel from ComEd of less than $1 million and $11 million at Generation.

(c)Generation provides electric supply to PECO under contracts executed through PECO’s competitive procurement process. In addition, Generation has a ten-year agreement with PECO to sell solar AECs.

(d)Generation provides a portion of BGE’s energy requirements under its MDPSC-approved market-based SOS and gas commodity programs.

(e)Generation provides electric supply to Pepco under contracts executed through Pepco's competitive procurement process approved by the MDPSC and DCPSC.

(f)Generation provides a portion of DPL's energy requirements under its MDPSC and DPSC-approved market-based SOS commodity programs.

(g)Generation provides electric supply to ACE under contracts executed through ACE's competitive procurement process.

BSC and PHISCO Service Companies

The following table presents the service company costs allocated to the Registrants:

	Operating and maintenance from affiliates								Capitalized costs
	Three Months Ended September 30,				Nine Months Ended September 30,				Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020		2021		2020		2021		2020
Exelon
BSC									$	149	$	148	$	431	$	390
PHISCO									18		15		54		45
Generation
BSC	$	145	$	133	$	424	$	406	43		13		76		37
ComEd
BSC	71		65		214		204		47		49		148		133
PECO
BSC	41		34		120		107		12		20		57		53
BGE
BSC	45		38		133		120		20		30		62		88
PHI
BSC	40		36		116		107		27		36		88		79
PHISCO	—		—		—		—		18		15		54		45
Pepco
BSC	23		20		68		61		11		14		36		29
PHISCO	26		28		84		90		7		7		22		20
DPL
BSC	14		13		43		38		10		12		29		26
PHISCO	24		24		73		73		6		4		17		13
ACE
BSC	14		11		37		32		7		10		22		22
PHISCO	21		21		64		65		5		4		15		12

Current Receivables From/Payables To Affiliates

The following tables present current receivables from affiliates and current payables to affiliates:

September 30, 2021

	Receivables from affiliates:
Payables to affiliates:	Generation			ComEd		PECO		BGE		Pepco		DPL		ACE		BSC		PHISCO		Other		Total
Generation				$	36	$	9	$	—	$	—	$	—	$	—	$	86	$	—	$	23	$	154
ComEd	$	103	(a)			—		—		—		—		—		49		—		6		158
PECO	24			3				1		—		—		—		25		—		7		60
BGE	15			—		—				—		—		—		32		—		2		49
PHI	—			—		—		—		—		—		—		2		—		10		12
Pepco	22			—		—		—				1		—		15		13		—		51
DPL	4			—		—		—		—				—		9		11		—		24
ACE	7			—		—		—		—		—				9		9		1		26
Other	9			2		—		1		—		—		1		2		—				15
Total	$	184		$	41	$	9	$	2	$	—	$	1	$	1	$	229	$	33	$	49	$	549

December 31, 2020

	Receivables from affiliates:
Payables to affiliates:	Generation			ComEd		PECO		BGE		Pepco		DPL		ACE		BSC		PHISCO		Other		Total
Generation				$	13	$	—	$	—	$	—	$	—	$	—	$	72	$	—	$	22	$	107
ComEd	$	78	(a)			—		—		—		—		—		59		—		9		146
PECO	17			1				—		—		—		—		28		—		4		50
BGE	11			—		—				—		—		—		47		—		3		61
PHI	—			—		—		—		—		—		—		4		—		11		15
Pepco	13			2		—		1				—		—		25		14		—		55
DPL	3			1		—		—		—				—		21		10		1		36
ACE	6			—		—		—		—		—				15		9		1		31
Other	25			5		2		2		2		1		6		—		—				43
Total	$	153		$	22	$	2	$	3	$	2	$	1	$	6	$	271	$	33	$	51	$	544

__________

(a)As of September 30, 2021 and December 31, 2020, Generation had a contract liability with ComEd for $27 million and $50 million, respectively, that was included in Other current liabilities on Generation’s Consolidated Balance Sheets. As of September 30, 2021 and December 31, 2020, ComEd had a Current Payable to Generation of $76 million and $28 million, respectively, on its Consolidated Balance Sheets, which consisted of Generation’s Current Receivable from ComEd, partially offset by Generation’s contract liability with ComEd.

Noncurrent Receivables from/Payables to affiliates

The following table presents noncurrent receivables from affiliates at ComEd and PECO which are recorded as noncurrent payables to affiliates at Generation:

	September 30, 2021		December 31, 2020
ComEd	$	2,597	$	2,541
PECO	546		475

Long Term Debt to Financing Trusts

The following table presents Long-term debt to financing trusts:

	September 30, 2021						December 31, 2020
	Exelon		ComEd		PECO		Exelon		ComEd		PECO
ComEd Financing III	$	206	$	205	$	—	$	206	$	205	$	—
PECO Trust III	81		—		81		81		—		81
PECO Trust IV	103		—		103		103		—		103
Total	$	390	$	205	$	184	$	390	$	205	$	184