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Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating revenues      
Revenues from alternative revenue programs $ 171 $ 6 $ (155)
Total operating revenues 36,347 33,039 34,438
Operating expenses      
Operating and maintenance 8,659 9,408 8,615
Depreciation and Amortization 6,036 5,014 4,252
Taxes other than income 1,766 1,714 1,732
Total operating expenses 33,825 30,240 30,096
Gain on sales of assets and businesses 201 24 31
Gain on deconsolidation of business 0 0 1
Operating income (loss) 2,723 2,823 4,374
Other income and (deductions)      
Interest Expense, net (1,546) (1,610) (1,591)
Interest expense to affiliates (25) (25) (25)
Other, net 1,056 1,145 1,227
Total other income and (deductions) (515) (490) (389)
Income (loss) before income taxes 2,208 2,333 3,985
Income taxes 370 373 774
Equity in losses of unconsolidated affiliates (9) (6) (183)
Net income (loss) 1,829 1,954 3,028
Net income (loss) attributable to noncontrolling interests 123 (9) 92
Net income (loss) attributable to common shareholders 1,706 1,963 2,936
Other comprehensive income (loss), net of income taxes      
Prior service benefit reclassified to periodic benefit cost (4) (40) (65)
Actuarial loss reclassified to periodic cost 223 190 149
Pension and non-pension postretirement benefit plan valuation adjustment 432 (357) (289)
Unrealized (loss) gain on cash flow hedges (1) (3) 0
Unrealized gain (loss) on investments in unconsolidated affiliates 0 0 1
Unrealized (loss) gain on foreign currency translation 0 4 6
Other comprehensive income (loss) 650 (206) (198)
Comprehensive income (loss) 2,479 1,748 2,830
Comprehensive income attributable to noncontrolling interests 123 (9) 93
Comprehensive income (loss) attributable to common shareholders $ 2,356 $ 1,757 $ 2,737
Average shares of common stock outstanding:      
Basic Average Number of Shares Outstanding 979 976 973
Assumed Exercise and/or Distributions of Stock-Based Awards 1 1 1
Diluted Average Number of Shares Outstanding [1] 980 977 974
Earnings per average common share:      
Earnings Per Share, Basic $ 1.74 $ 2.01 $ 3.02
Earnings Per Share, Diluted $ 1.74 $ 2.01 $ 3.01
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 0 0 0
Commonwealth Edison Co [Member]      
Operating revenues      
Revenues from alternative revenue programs $ 42 $ (47) $ (133)
Operating revenues from affiliates 41 37 30
Total operating revenues 6,406 5,904 5,747
Operating expenses      
Purchased power and/or fuel from affiliates 383 345 376
Operating and maintenance 1,048 1,231 1,041
Operating and maintenance from affiliates 307 289 264
Depreciation and Amortization 1,205 1,133 1,033
Taxes other than income 320 299 301
Total operating expenses 5,151 4,950 4,580
Gain on sales of assets and businesses 0 0 4
Operating income (loss) 1,255 954 1,171
Other income and (deductions)      
Interest Expense, net (376) (369) (346)
Interest expense to affiliates (13) (13) (13)
Other, net 48 43 39
Total other income and (deductions) (341) (339) (320)
Income (loss) before income taxes 914 615 851
Income taxes 172 177 163
Net income (loss) 742 438 688
Other comprehensive income (loss), net of income taxes      
Comprehensive income (loss) 742 438 688
PECO Energy Co [Member]      
Operating revenues      
Revenues from alternative revenue programs 26 16 (21)
Operating revenues from affiliates 21 9 6
Total operating revenues 3,198 3,058 3,100
Operating expenses      
Purchased power and/or fuel from affiliates 194 188 157
Operating and maintenance 757 816 707
Operating and maintenance from affiliates 177 159 154
Depreciation and Amortization 348 347 333
Taxes other than income 184 172 165
Total operating expenses 2,547 2,512 2,388
Gain on sales of assets and businesses 0 0 1
Operating income (loss) 651 546 713
Other income and (deductions)      
Interest Expense, net (149) (136) (124)
Interest expense to affiliates (12) (11) (12)
Other, net 26 18 16
Total other income and (deductions) (135) (129) (120)
Income (loss) before income taxes 516 417 593
Income taxes 12 (30) 65
Net income (loss) 504 447 528
Other comprehensive income (loss), net of income taxes      
Comprehensive income (loss) 504 447 528
Baltimore Gas and Electric Company [Member]      
Operating revenues      
Revenues from alternative revenue programs 12 16 12
Operating revenues from affiliates 31 20 26
Total operating revenues 3,341 3,098 3,106
Operating expenses      
Purchased power and/or fuel from affiliates 233 311 286
Operating and maintenance 618 617 600
Operating and maintenance from affiliates 193 172 160
Depreciation and Amortization 591 550 502
Taxes other than income 283 268 260
Total operating expenses 2,860 2,598 2,574
Operating income (loss) 481 500 532
Other income and (deductions)      
Interest Expense, net (138) (133) (121)
Other, net 30 23 28
Total other income and (deductions) (108) (110) (93)
Income (loss) before income taxes 373 390 439
Income taxes (35) 41 79
Net income (loss) 408 349 360
Other comprehensive income (loss), net of income taxes      
Comprehensive income (loss) 408 349 360
Pepco Holdings LLC [Member]      
Operating revenues      
Revenues from alternative revenue programs 91 21 (14)
Operating revenues from affiliates 13 17 14
Total operating revenues 5,041 4,663 4,806
Operating expenses      
Purchased power and/or fuel from affiliates 367 366 352
Operating and maintenance 925 940 939
Operating and maintenance from affiliates 179 159 143
Depreciation and Amortization 821 782 754
Taxes other than income 458 450 450
Total operating expenses 4,240 4,045 4,084
Gain on sales of assets and businesses 0 11 0
Operating income (loss) 801 629 722
Other income and (deductions)      
Interest Expense, net (267) (268) (263)
Other, net 69 57 55
Total other income and (deductions) (198) (211) (208)
Income (loss) before income taxes 603 418 514
Income taxes 42 (77) 38
Equity in losses of unconsolidated affiliates 0 0 1
Net income (loss) 561 495 477
Other comprehensive income (loss), net of income taxes      
Comprehensive income (loss) attributable to common shareholders 561 495 477
Potomac Electric Power Company [Member]      
Operating revenues      
Revenues from alternative revenue programs 53 40 (3)
Operating revenues from affiliates 5 7 5
Total operating revenues 2,274 2,149 2,260
Operating expenses      
Purchased power and/or fuel from affiliates 271 278 264
Operating and maintenance 258 248 273
Operating and maintenance from affiliates 213 205 209
Depreciation and Amortization 403 377 374
Taxes other than income 373 367 378
Total operating expenses 1,871 1,799 1,899
Gain on sales of assets and businesses 0 9 0
Operating income (loss) 403 359 361
Other income and (deductions)      
Interest Expense, net (140) (138) (133)
Other, net 48 38 31
Total other income and (deductions) (92) (100) (102)
Income (loss) before income taxes 311 259 259
Income taxes 15 (7) 16
Net income (loss) 296 266 243
Other comprehensive income (loss), net of income taxes      
Comprehensive income (loss) 296 266 243
Delmarva Power & Light Company [Member]      
Operating revenues      
Revenues from alternative revenue programs 14 (7) (11)
Operating revenues from affiliates 7 9 7
Total operating revenues 1,380 1,271 1,306
Operating expenses      
Purchased power and/or fuel from affiliates 79 75 70
Operating and maintenance 183 208 171
Operating and maintenance from affiliates 162 153 152
Depreciation and Amortization 210 191 184
Taxes other than income 67 65 56
Total operating expenses 1,161 1,120 1,089
Operating income (loss) 219 151 217
Other income and (deductions)      
Interest Expense, net (61) (61) (61)
Other, net 12 10 13
Total other income and (deductions) (49) (51) (48)
Income (loss) before income taxes 170 100 169
Income taxes 42 (25) 22
Net income (loss) 128 125 147
Other comprehensive income (loss), net of income taxes      
Comprehensive income (loss) 128 125 147
Atlantic City Electric Company [Member]      
Operating revenues      
Revenues from alternative revenue programs 24 (12) 0
Operating revenues from affiliates 2 4 3
Total operating revenues 1,388 1,245 1,240
Operating expenses      
Purchased power and/or fuel from affiliates 17 13 19
Operating and maintenance 179 192 187
Operating and maintenance from affiliates 141 134 133
Depreciation and Amortization 179 180 157
Taxes other than income 8 8 4
Total operating expenses 1,201 1,123 1,089
Gain on sales of assets and businesses 0 2 0
Operating income (loss) 187 124 151
Other income and (deductions)      
Interest Expense, net (58) (59) (58)
Other, net 4 6 6
Total other income and (deductions) (54) (53) (52)
Income (loss) before income taxes 133 71 99
Income taxes (13) (41) 0
Net income (loss) 146 112 99
Other comprehensive income (loss), net of income taxes      
Comprehensive income (loss) 146 112 99
Generation commodities and services [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 18,467 16,400 17,754
Operating expenses      
Purchased power and/or fuel 12,157 9,592 10,849
Rate-regulated utility revenues [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 17,709 16,633 16,839
Operating expenses      
Purchased power and/or fuel 5,207 4,512 4,648
Electricity, US Regulated [Member] | Commonwealth Edison Co [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 6,323 5,914 5,850
Operating expenses      
Purchased power and/or fuel 1,888 1,653 1,565
Electricity, US Regulated [Member] | PECO Energy Co [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 2,613 2,519 2,505
Operating expenses      
Purchased power and/or fuel 699 645 610
Electricity, US Regulated [Member] | Baltimore Gas and Electric Company [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 2,497 2,323 2,368
Operating expenses      
Purchased power and/or fuel 699 509 585
Electricity, US Regulated [Member] | Pepco Holdings LLC [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 4,769 4,463 4,639
Operating expenses      
Purchased power and/or fuel 1,417 1,279 1,371
Electricity, US Regulated [Member] | Potomac Electric Power Company [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 2,216 2,102 2,258
Operating expenses      
Purchased power and/or fuel 353 324 401
Electricity, US Regulated [Member] | Delmarva Power & Light Company [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 1,191 1,107 1,143
Operating expenses      
Purchased power and/or fuel 387 359 381
Electricity, US Regulated [Member] | Atlantic City Electric Company [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 1,362 1,253 1,237
Operating expenses      
Purchased power and/or fuel 677 596 589
Natural Gas, US Regulated [Member] | PECO Energy Co [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 538 514 610
Operating expenses      
Purchased power and/or fuel 188 185 262
Natural Gas, US Regulated [Member] | Baltimore Gas and Electric Company [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 801 739 700
Operating expenses      
Purchased power and/or fuel 243 171 181
Natural Gas, US Regulated [Member] | Pepco Holdings LLC [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 168 162 167
Operating expenses      
Purchased power and/or fuel 73 69 75
Natural Gas, US Regulated [Member] | Delmarva Power & Light Company [Member]      
Operating revenues      
Revenue from Contract with Customer, Including Assessed Tax 168 162 167
Operating expenses      
Purchased power and/or fuel $ 73 $ 69 $ 75
[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 year ended December 31, 2021 and less than 1 million for the years ended December 31, 2020 and 2019