Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2022

Related Party Transactions [Abstract]

Operating Revenues and Purchased Power and Fuel

The Utility Registrants incurred expenses from transactions with the Generation affiliate as described in the footnotes to the table below prior to separation on February 1, 2022. Such expenses were 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 March 31,
	2022		2021
ComEd(a)	$	59	$	85
PECO(b)	33		42
BGE(c)	18		72
PHI	51		100
Pepco(d)	39		75
DPL(e)	10		21
ACE(f)	2		4

__________

(a)ComEd had an ICC-approved RFP contract with Generation to provide a portion of ComEd’s electric supply requirements. ComEd also purchased RECs and ZECs from Generation.

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

(c)BGE received a portion of its energy requirements from Generation under its MDPSC-approved market-based SOS and gas commodity programs.

(d)Pepco received electric supply from Generation under contracts executed through Pepco's competitive procurement process approved by the MDPSC and DCPSC.

(e)DPL received a portion of its energy requirements from Generation under its MDPSC and DEPSC approved market-based SOS commodity programs.

(f)ACE received electric supply from Generation under contracts executed through ACE's competitive procurement process approved by the NJBPU.

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 March 31,				Three Months Ended March 31,
	2022		2021		2022		2021
Exelon
BSC					$	205	$	114
PHISCO					19		17
ComEd
BSC	$	85	$	71	85		45
PECO
BSC	49		39		36		17
BGE
BSC	51		43		38		20
PHI
BSC	50		39		46		32
PHISCO					19		17
Pepco
BSC	29		22		17		13
PHISCO	29		30		8		7
DPL
BSC	18		14		14		10
PHISCO	24		25		6		5
ACE
BSC	15		12		15		8
PHISCO	21		22		5		5

Current Receivables From/Payables To Affiliates

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

March 31, 2022

	Receivables from affiliates:
Payables to affiliates:	ComEd		PECO		BGE		Pepco		DPL		ACE		BSC		PHISCO		Other		Total
ComEd			$	—	$	—	$	—	$	—	$	—	$	64	$	—	$	2	$	66
PECO	$	—			—		—		—		—		33		—		5		38
BGE	—		—				—		—		—		35		—		2		37
PHI	—		—		—		—		—		—		7		1		10		18
Pepco	—		—		—				—		—		19		15		—		34
DPL	—		—		—		—				—		3		12		—		15
ACE	—		—		—		—		—				12		11		—		23
Other	3		—		—		—		—		—		—		—				3
Total	$	3	$	—	$	—	$	—	$	—	$	—	$	173	$	39	$	19	$	234

December 31, 2021

	Receivables from affiliates:
Payables to affiliates:	ComEd		PECO		BGE		Pepco		DPL		ACE		Generation		BSC		PHISCO		Other		Total
ComEd			$	—	$	—	$	—	$	—	$	—	41		$	71	$	—	$	9	$	121
PECO	$	—			—		—		—		—		30		36		—		4		70
BGE	—		—				—		—		—		4		41		—		3		48
PHI	—		1		—		—		—		1		—		5		—		9		16
Pepco	—		—		1				1		1		20		21		12		3		59
DPL	—		—		—		—				—		4		17		11		1		33
ACE	—		—		—		—		—				7		13		9		2		31
Generation	13		—		—		—		—		—				102		—		16		131
Other	3		—		—		—		—		—		11		—		—				14
Total	$	16	$	1	$	1	$	—	$	1	$	2	$	117	$	306	$	32	$	47	$	523

Long Term Debt to Financing Trusts

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

	March 31, 2022						December 31, 2021
	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