XML 231 R98.htm IDEA: XBRL DOCUMENT v3.21.2
Variable Interest Entities - Assets and Liabilities of Consolidated VIES (Details) - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Sep. 30, 2020
Dec. 31, 2019
Variable Interest Entity [Line Items]        
Cash and cash equivalents $ 2,957 $ 663 $ 1,858 $ 587
Restricted cash and cash equivalents 473 438 485 358
Accounts receivable, net        
Customer 3,121 3,231    
Unamortized energy contract assets 36 38    
Inventory, net        
Materials and supplies 1,475 1,425    
Assets held for sale 11 958    
Other current assets 1,665 1,609    
Total current assets 14,877 12,562    
Property, plant and equipment, net 82,852 82,584    
NDT funds 15,404 14,464    
Unamortized energy contract assets 265 294    
Other Assets, Noncurrent 2,818 2,982    
Assets [1] 132,621 129,317    
Long-term debt due within one year 3,375 1,819    
Accounts payable 3,694 3,562    
Accrued expenses 1,949 2,078    
Unamortized energy contract liabilities 92 100    
Liabilities held for sale 3 375    
Other 1,180 1,264    
Total current liabilities 15,826 12,771    
Long-term debt 35,269 35,093    
Asset retirement obligations, noncurrent 12,907 12,300    
Unamortized energy contract liabilities 169 238    
Other 2,850 2,942    
Total liabilities [1] 98,362 94,449    
Variable Interest Entity, Primary Beneficiary [Member]        
Variable Interest Entity [Line Items]        
Cash and cash equivalents 38 98    
Restricted cash and cash equivalents 47 47    
Accounts receivable, net        
Customer 25 148    
Other 7 36    
Unamortized energy contract assets 21 22    
Inventory, net        
Materials and supplies 14 244    
Assets held for sale 0 101    
Other current assets 517 674    
Total current assets 669 1,370    
Property, plant and equipment, net 2,052 5,803    
NDT funds 0 3,007    
Unamortized energy contract assets 210 249    
Other Assets, Noncurrent 22 52    
Assets, Noncurrent 2,284 9,111    
Assets 2,953 10,481    
Long-term debt due within one year 80 94    
Accounts payable 11 81    
Accrued expenses 14 70    
Unamortized energy contract liabilities 0 4    
Liabilities held for sale 0 16    
Other 0 5    
Total current liabilities 105 270    
Long-term debt 832 889    
Asset retirement obligations, noncurrent 149 2,318    
Other 3 129    
Liabilities, Noncurrent 984 3,336    
Total liabilities 1,089 3,606    
Unrestricted Assets [Member] | Variable Interest Entity, Primary Beneficiary [Member]        
Accounts receivable, net        
Unamortized energy contract assets 21 22    
Inventory, net        
Assets held for sale 0 9    
Unamortized energy contract assets 210 249    
Other Assets 0 1    
Recourse [Member] | Variable Interest Entity, Primary Beneficiary [Member]        
Inventory, net        
Total liabilities 1 8    
Exelon Generation Co L L C [Member]        
Variable Interest Entity [Line Items]        
Cash and cash equivalents 1,957 226 623 303
Restricted cash and cash equivalents 62 89 100 146
Accounts receivable, net        
Customer 1,328 1,298    
Unamortized energy contract assets 36 38    
Inventory, net        
Materials and supplies 998 978    
Assets held for sale 11 958    
Other current assets 1,319 1,357    
Total current assets 8,587 6,947    
Property, plant and equipment, net 19,574 22,214    
NDT funds 15,404 14,464    
Unamortized energy contract assets 265 293    
Other Assets, Noncurrent 1,589 1,826    
Assets [2] 48,010 48,094    
Long-term debt due within one year 1,216 197    
Accounts payable 1,612 1,253    
Accrued expenses 691 788    
Unamortized energy contract liabilities 2 7    
Liabilities held for sale 3 375    
Other 347 444    
Total current liabilities 7,796 5,219    
Long-term debt 4,593 5,566    
Asset retirement obligations, noncurrent 12,635 12,054    
Unamortized energy contract liabilities 1 3    
Other 1,224 1,308    
Total liabilities [2] 35,975 33,418    
Exelon Generation Co L L C [Member] | Variable Interest Entity, Primary Beneficiary [Member]        
Variable Interest Entity [Line Items]        
Cash and cash equivalents 38 98    
Restricted cash and cash equivalents 42 44    
Accounts receivable, net        
Customer 25 148    
Other 7 36    
Unamortized energy contract assets 21 22    
Inventory, net        
Materials and supplies 14 244    
Assets held for sale 0 101    
Other current assets 513 669    
Total current assets 660 1,362    
Property, plant and equipment, net 2,052 5,803    
NDT funds 0 3,007    
Unamortized energy contract assets 210 249    
Other Assets, Noncurrent 13 42    
Assets, Noncurrent 2,275 9,101    
Assets 2,935 10,463    
Long-term debt due within one year 70 68    
Accounts payable 11 81    
Accrued expenses 14 70    
Unamortized energy contract liabilities 0 4    
Liabilities held for sale 0 16    
Other 0 5    
Total current liabilities 95 244    
Long-term debt 832 889    
Asset retirement obligations, noncurrent 149 2,318    
Other 3 129    
Liabilities, Noncurrent 984 3,336    
Total liabilities 1,079 3,580    
Exelon Generation Co L L C [Member] | Unrestricted Assets [Member] | Variable Interest Entity, Primary Beneficiary [Member]        
Accounts receivable, net        
Unamortized energy contract assets 21 22    
Inventory, net        
Assets held for sale 0 9    
Unamortized energy contract assets 210 249    
Other Assets 0 1    
Exelon Generation Co L L C [Member] | Recourse [Member] | Variable Interest Entity, Primary Beneficiary [Member]        
Inventory, net        
Total liabilities 1 8    
Pepco Holdings LLC [Member]        
Variable Interest Entity [Line Items]        
Cash and cash equivalents 82 111 196 131
Restricted cash and cash equivalents 71 39 38 36
Accounts receivable, net        
Customer 566 525    
Inventory, net        
Materials and supplies 207 198    
Other current assets 57 45    
Total current assets 1,690 1,599    
Property, plant and equipment, net 16,163 15,377    
Other Assets, Noncurrent 283 307    
Assets [3] 24,502 23,736    
Long-term debt due within one year 405 347    
Accounts payable 479 539    
Accrued expenses 300 299    
Unamortized energy contract liabilities 90 92    
Other 154 141    
Total current liabilities 2,015 2,154    
Long-term debt 7,077 6,659    
Asset retirement obligations, noncurrent 69 59    
Unamortized energy contract liabilities 168 235    
Other 589 622    
Total liabilities [3] 13,861 13,692    
Pepco Holdings LLC [Member] | Variable Interest Entity, Primary Beneficiary [Member]        
Variable Interest Entity [Line Items]        
Cash and cash equivalents 0 0    
Restricted cash and cash equivalents 5 3    
Accounts receivable, net        
Customer 0 0    
Other 0 0    
Unamortized energy contract assets 0 0    
Inventory, net        
Materials and supplies 0 0    
Assets held for sale 0 0    
Other current assets 4 5    
Total current assets 9 8    
Property, plant and equipment, net 0 0    
NDT funds 0 0    
Unamortized energy contract assets 0 0    
Other Assets, Noncurrent 9 10    
Assets, Noncurrent 9 10    
Assets 18 18    
Long-term debt due within one year 10 26    
Accounts payable 0 0    
Accrued expenses 0 0    
Unamortized energy contract liabilities 0 0    
Liabilities held for sale 0 0    
Other 0 0    
Total current liabilities 10 26    
Long-term debt 0 0    
Asset retirement obligations, noncurrent 0 0    
Other 0 0    
Liabilities, Noncurrent 0 0    
Total liabilities 10 26    
Atlantic City Electric Company [Member]        
Variable Interest Entity [Line Items]        
Cash and cash equivalents 16 17 13 12
Restricted cash and cash equivalents 5 3 $ 4 $ 2
Accounts receivable, net        
Customer 184 124    
Inventory, net        
Other current assets 5 3    
Total current assets 376 326    
Property, plant and equipment, net 3,649 3,475    
Other Assets, Noncurrent 48 50    
Assets [4] 4,532 4,286    
Long-term debt due within one year 8 261    
Accounts payable 146 177    
Accrued expenses 43 46    
Other 15 11    
Total current liabilities 528 780    
Long-term debt 1,502 1,152    
Other 52 48    
Total liabilities [4] 2,977 2,895    
Atlantic City Electric Company [Member] | Variable Interest Entity, Primary Beneficiary [Member]        
Variable Interest Entity [Line Items]        
Cash and cash equivalents 0 0    
Restricted cash and cash equivalents 5 3    
Accounts receivable, net        
Customer 0 0    
Other 0 0    
Unamortized energy contract assets 0 0    
Inventory, net        
Materials and supplies 0 0    
Assets held for sale 0 0    
Other current assets 0 0    
Total current assets 5 3    
Property, plant and equipment, net 0 0    
NDT funds 0 0    
Unamortized energy contract assets 0 0    
Other Assets, Noncurrent 9 10    
Assets, Noncurrent 9 10    
Assets 14 13    
Long-term debt due within one year 6 21    
Accounts payable 0 0    
Accrued expenses 0 0    
Unamortized energy contract liabilities 0 0    
Liabilities held for sale 0 0    
Other 0 0    
Total current liabilities 6 21    
Long-term debt 0 0    
Asset retirement obligations, noncurrent 0 0    
Other 0 0    
Liabilities, Noncurrent 0 0    
Total liabilities $ 6 $ 21    
[1] Exelon’s consolidated assets include $2,722 million and $10,200 million at September 30, 2021 and December 31, 2020, respectively, of certain VIEs that can only be used to settle the liabilities of the VIE. Exelon’s consolidated liabilities include $1,088 million and $3,598 million at September 30, 2021 and December 31, 2020, respectively, of certain VIEs for which the VIE creditors do not have recourse to Exelon. See Note 17 — Variable Interest Entities for additional information.
[2] Generation’s consolidated assets include $2,704 million and $10,182 million at September 30, 2021 and December 31, 2020, respectively, of certain VIEs that can only be used to settle the liabilities of the VIE. Generation’s consolidated liabilities include $1,078 million and $3,572 million at September 30, 2021 and December 31, 2020, respectively, of certain VIEs for which the VIE creditors do not have recourse to Generation. See Note 17 — Variable Interest Entities for additional information.
[3] PHI’s consolidated total assets include $18 million at both September 30, 2021 and December 31, 2020 of PHI's consolidated VIE that can only be used to settle the liabilities of the VIE. PHI’s consolidated total liabilities include $10 million and $26 million at September 30, 2021 and December 31, 2020, respectively, of PHI's consolidated VIE for which the VIE creditors do not have recourse to PHI. See Note 17 — Variable Interest Entities for additional information.
[4] ACE’s consolidated total assets include $14 million and $13 million at September 30, 2021 and December 31, 2020, respectively, of ACE's consolidated VIE that can only be used to settle the liabilities of the VIE. ACE’s consolidated total liabilities include $6 million and $21 million at September 30, 2021 and December 31, 2020, respectively, of ACE's consolidated VIE for which the VIE creditors do not have recourse to ACE. See Note 17 — Variable Interest Entities for additional information.