XML 58 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Balance Sheets (Unaudited) - USD ($)
shares in Millions, $ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 2,476 $ 672
Restricted cash and cash equivalents 430 321
Accounts receivable    
Customer accounts receivable 2,365 2,189
Customer allowance for credit losses (389) (320)
Customer accounts receivable, net 1,976 1,869
Other accounts receivable 1,148 1,068
Other allowance for credit losses (81) (72)
Other accounts receivable, net 1,067 996
Inventories, net    
Fossil fuel and emission allowances 39 105
Materials and supplies 473 476
Regulatory assets, current 1,221 1,296
Current assets of discontinued operations 0 7,835
Other 463 387
Total current assets 8,145 13,957
Accumulated depreciation and amortization 14,878 14,430
Property, plant and equipment, net 65,465 64,558
Deferred debits and other assets    
Regulatory assets, noncurrent 8,200 8,224
Investments 244 250
Goodwill 6,630 6,630
Receivable related to Regulatory Agreement Units 2,969 0
Property, plant, and equipment, deferred debits, and other assets of discontinued operations 0 38,509
Other 1,045 885
Total deferred debits and other assets 19,088 54,498
Total assets 92,698 133,013
Current Liabilities    
Short-term borrowings 1,900 1,248
Long-term debt due within one year 2,154 2,153
Accounts payable 2,175 2,379
Accrued expenses 1,029 1,137
Payables to affiliates, current 6 5
Regulatory liabilities, current 394 376
Mark-to-market derivative liabilities, current 0 18
Unamortized energy contract liabilities, current 13 89
Current liabilities of discontinued operations 0 7,940
Other 964 766
Total current liabilities 8,635 16,111
Long-term debt 35,008 30,749
Long-term debt to financing trusts 390 390
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 11,089 10,611
Asset retirement obligations, noncurrent 273 271
Pension obligations 1,447 2,051
Non-pension postretirement benefit obligations 800 811
Regulatory liabilities, noncurrent 9,192 9,628
Mark-to-market derivative liabilities, noncurrent 144 201
Unamortized energy contract liabilities, noncurrent 42 146
Long-term debt, deferred credits, and other liabilities of discontinued operations 0 25,676
Other 2,187 1,573
Total deferred credits and other liabilities 25,174 50,968
Liabilities 69,207 98,218
Commitments and contingencies
Shareholders' equity    
Common Stock, No Par Value $ 0 $ 0
Common stock, shares authorized 2,000 2,000
Common stock, shares outstanding 980 979
Common stock $ 20,299 $ 20,324
Treasury stock, shares 2 2
Treasury stock, at cost $ (123) $ (123)
Retained earnings/Undistributed earnings (losses) 4,028 16,942
Accumulated other comprehensive loss, net (713) (2,750)
Total shareholders’ equity 23,491 34,393
Members' Equity [Abstract]    
Noncontrolling interests 0 402
Total equity 23,491 34,795
Total liabilities and shareholders’ equity 92,698 133,013
Commonwealth Edison Co [Member]    
Current Assets    
Cash and cash equivalents 343 131
Restricted cash and cash equivalents 246 210
Accounts receivable    
Customer accounts receivable 702 647
Customer allowance for credit losses (92) (73)
Customer accounts receivable, net 610 574
Other accounts receivable 219 227
Other allowance for credit losses (20) (17)
Other accounts receivable, net 199 210
Receivables from affiliates, current 3 16
Inventories, net    
Inventories, net 167 170
Regulatory assets, current 316 335
Other 80 76
Total current assets 1,964 1,722
Accumulated depreciation and amortization 6,267 6,099
Property, plant and equipment, net 26,325 25,995
Deferred debits and other assets    
Regulatory assets, noncurrent 1,883 1,870
Investments 6 6
Goodwill 2,625 2,625
Receivables from affiliates, noncurrent 0 2,761
Receivable related to Regulatory Agreement Units 2,484 0
Prepaid pension asset 1,245 1,086
Other 481 405
Total deferred debits and other assets 8,724 8,753
Total assets 37,013 36,470
Current Liabilities    
Accounts payable 553 647
Accrued expenses 275 384
Payables to affiliates, current 66 121
Customer deposits 98 99
Regulatory liabilities, current 190 185
Mark-to-market derivative liabilities, current 0 18
Other 161 133
Total current liabilities 1,343 1,587
Long-term debt 10,515 9,773
Long-term debt to financing trusts 205 205
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 4,761 4,685
Asset retirement obligations, noncurrent 145 144
Non-pension postretirement benefit obligations 168 169
Regulatory liabilities, noncurrent 6,551 6,759
Mark-to-market derivative liabilities, noncurrent 144 201
Other 615 592
Total deferred credits and other liabilities 12,384 12,550
Liabilities 24,447 24,115
Commitments and contingencies
Shareholders' equity    
Common stock 1,588 1,588
Retained earnings/Undistributed earnings (losses) 1,735 1,691
Other paid-in capital 9,243 9,076
Total shareholders’ equity 12,566 12,355
Members' Equity [Abstract]    
Total liabilities and shareholders’ equity 37,013 36,470
PECO Energy Co [Member]    
Current Assets    
Cash and cash equivalents 26 36
Restricted cash and cash equivalents 8 8
Accounts receivable    
Customer accounts receivable 528 489
Customer allowance for credit losses (125) (105)
Customer accounts receivable, net 403 384
Other accounts receivable 129 116
Other allowance for credit losses (9) (7)
Other accounts receivable, net 120 109
Receivables from affiliates, current 0 1
Inventories, net    
Fossil fuel and emission allowances 23 51
Materials and supplies 46 45
Prepaid utility taxes 117 1
Regulatory assets, current 57 48
Other 30 28
Total current assets 830 711
Accumulated depreciation and amortization 4,004 3,964
Property, plant and equipment, net 11,334 11,117
Deferred debits and other assets    
Regulatory assets, noncurrent 1,000 943
Investments 33 34
Receivables from affiliates, noncurrent 0 597
Receivable related to Regulatory Agreement Units 486 0
Prepaid pension asset 401 386
Other 29 36
Total deferred debits and other assets 1,949 1,996
Total assets 14,113 13,824
Current Liabilities    
Long-term debt due within one year 350 350
Accounts payable 477 494
Accrued expenses 105 136
Payables to affiliates, current 38 70
Borrowings from Exelon/PHI intercompany money pool 65 0
Customer deposits 50 48
Regulatory liabilities, current 94 94
Other 41 35
Total current liabilities 1,220 1,227
Long-term debt 3,848 3,847
Long-term debt to financing trusts 184 184
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 2,495 2,421
Asset retirement obligations, noncurrent 29 29
Non-pension postretirement benefit obligations 287 286
Regulatory liabilities, noncurrent 523 635
Other 82 83
Total deferred credits and other liabilities 3,416 3,454
Liabilities 8,668 8,712
Commitments and contingencies
Shareholders' equity    
Common stock 3,655 3,428
Retained earnings/Undistributed earnings (losses) 1,790 1,684
Total shareholders’ equity 5,445 5,112
Members' Equity [Abstract]    
Total liabilities and shareholders’ equity 14,113 13,824
Baltimore Gas and Electric Company [Member]    
Current Assets    
Cash and cash equivalents 41 51
Restricted cash and cash equivalents 34 4
Accounts receivable    
Customer accounts receivable 519 436
Customer allowance for credit losses (59) (38)
Customer accounts receivable, net 460 398
Other accounts receivable 126 124
Other allowance for credit losses (11) (9)
Other accounts receivable, net 115 115
Receivables from affiliates, current 0 1
Inventories, net    
Fossil fuel and emission allowances 12 42
Materials and supplies 51 53
Prepaid utility taxes 46 49
Regulatory assets, current 175 215
Other 11 8
Total current assets 945 936
Accumulated depreciation and amortization 4,376 4,299
Property, plant and equipment, net 10,736 10,577
Deferred debits and other assets    
Regulatory assets, noncurrent 467 477
Investments 6 14
Prepaid pension asset 315 276
Other 40 44
Total deferred debits and other assets 828 811
Total assets 12,509 12,324
Current Liabilities    
Short-term borrowings 250 130
Long-term debt due within one year 250 250
Accounts payable 299 349
Accrued expenses 168 176
Payables to affiliates, current 37 48
Customer deposits 98 97
Regulatory liabilities, current 35 26
Other 61 48
Total current liabilities 1,198 1,124
Long-term debt 3,711 3,711
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 1,755 1,686
Asset retirement obligations, noncurrent 26 26
Non-pension postretirement benefit obligations 170 175
Regulatory liabilities, noncurrent 872 934
Other 85 98
Total deferred credits and other liabilities 2,908 2,919
Liabilities 7,817 7,754
Commitments and contingencies
Shareholders' equity    
Common stock 2,575 2,575
Retained earnings/Undistributed earnings (losses) 2,117 1,995
Total shareholders’ equity 4,692 4,570
Members' Equity [Abstract]    
Total liabilities and shareholders’ equity 12,509 12,324
Pepco Holdings LLC [Member]    
Current Assets    
Cash and cash equivalents 796 136
Restricted cash and cash equivalents 106 77
Accounts receivable    
Customer accounts receivable 618 616
Customer allowance for credit losses (113) (104)
Customer accounts receivable, net 505 512
Other accounts receivable 288 283
Other allowance for credit losses (41) (39)
Other accounts receivable, net 247 244
Receivables from affiliates, current 0 2
Inventories, net    
Fossil fuel and emission allowances 4 11
Materials and supplies 209 209
Regulatory assets, current 432 432
Other 69 69
Total current assets 2,368 1,692
Accumulated depreciation and amortization 2,256 2,108
Property, plant and equipment, net 16,701 16,498
Deferred debits and other assets    
Regulatory assets, noncurrent 1,770 1,794
Investments 142 145
Goodwill 4,005 4,005
Prepaid pension asset 392 344
Deferred income taxes 5 8
Other 253 258
Total deferred debits and other assets 6,567 6,554
Total assets 25,636 24,744
Current Liabilities    
Short-term borrowings 0 468
Long-term debt due within one year 400 399
Accounts payable 522 578
Accrued expenses 264 281
Payables to affiliates, current 51 104
Borrowings from Exelon/PHI intercompany money pool 46 7
Customer deposits 80 81
Regulatory liabilities, current 72 68
Unamortized energy contract liabilities, current 13 89
PPA termination obligation 85 0
Other 215 171
Total current liabilities 1,748 2,246
Long-term debt 7,833 7,148
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 2,723 2,675
Asset retirement obligations, noncurrent 70 70
Non-pension postretirement benefit obligations 60 66
Regulatory liabilities, noncurrent 1,182 1,238
Unamortized energy contract liabilities, noncurrent 42 146
Other 661 570
Total deferred credits and other liabilities 4,738 4,765
Liabilities 14,319 14,159
Commitments and contingencies
Shareholders' equity    
Retained earnings/Undistributed earnings (losses) (182) (210)
Members' Equity [Abstract]    
Membership interest 11,499 10,795
Total members' equity 11,317 10,585
Total liabilities and shareholders’ equity 25,636 24,744
Potomac Electric Power Company [Member]    
Current Assets    
Cash and cash equivalents 502 34
Restricted cash and cash equivalents 34 34
Accounts receivable    
Customer accounts receivable 278 277
Customer allowance for credit losses (40) (37)
Customer accounts receivable, net 238 240
Other accounts receivable 157 160
Other allowance for credit losses (18) (16)
Other accounts receivable, net 139 144
Receivables from affiliates, current 0 0
Inventories, net    
Inventories, net 119 119
Regulatory assets, current 216 213
Other 29 25
Total current assets 1,277 809
Accumulated depreciation and amortization 3,929 3,875
Property, plant and equipment, net 8,229 8,104
Deferred debits and other assets    
Regulatory assets, noncurrent 496 532
Investments 119 120
Prepaid pension asset 279 279
Other 58 59
Total deferred debits and other assets 952 990
Total assets 10,458 9,903
Current Liabilities    
Short-term borrowings 0 175
Long-term debt due within one year 314 313
Accounts payable 246 272
Accrued expenses 158 160
Payables to affiliates, current 34 59
Customer deposits 36 35
Regulatory liabilities, current 18 14
Merger related obligation 27 27
Other 64 55
Total current liabilities 897 1,110
Long-term debt 3,527 3,132
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 1,293 1,275
Asset retirement obligations, noncurrent 45 45
Non-pension postretirement benefit obligations 0 3
Regulatory liabilities, noncurrent 533 549
Other 297 314
Total deferred credits and other liabilities 2,168 2,186
Liabilities 6,592 6,428
Commitments and contingencies
Shareholders' equity    
Common stock 2,689 2,302
Retained earnings/Undistributed earnings (losses) 1,177 1,173
Total shareholders’ equity 3,866 3,475
Members' Equity [Abstract]    
Total liabilities and shareholders’ equity 10,458 9,903
Delmarva Power and Light Company [Member]    
Current Assets    
Cash and cash equivalents 120 28
Restricted cash and cash equivalents 73 43
Accounts receivable    
Customer accounts receivable 164 149
Customer allowance for credit losses (24) (18)
Customer accounts receivable, net 140 131
Other accounts receivable 62 58
Other allowance for credit losses (9) (8)
Other accounts receivable, net 53 50
Receivables from affiliates, current 0 1
Inventories, net    
Fossil fuel and emission allowances 4 11
Materials and supplies 53 54
Prepaid utility taxes 10 20
Regulatory assets, current 66 68
Other 19 16
Total current assets 538 422
Accumulated depreciation and amortization 1,671 1,635
Property, plant and equipment, net 4,612 4,560
Deferred debits and other assets    
Regulatory assets, noncurrent 208 212
Prepaid pension asset 157 157
Other 58 61
Total deferred debits and other assets 423 430
Total assets 5,573 5,412
Current Liabilities    
Short-term borrowings 0 149
Long-term debt due within one year 83 83
Accounts payable 128 131
Accrued expenses 50 40
Payables to affiliates, current 15 33
Customer deposits 27 28
Regulatory liabilities, current 33 25
Other 88 59
Total current liabilities 424 548
Long-term debt 1,852 1,727
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 825 803
Asset retirement obligations, noncurrent 16 16
Non-pension postretirement benefit obligations 10 11
Regulatory liabilities, noncurrent 423 441
Other 87 89
Total deferred credits and other liabilities 1,361 1,360
Liabilities 3,637 3,635
Commitments and contingencies
Shareholders' equity    
Common stock 1,353 1,209
Retained earnings/Undistributed earnings (losses) 583 568
Total shareholders’ equity 1,936 1,777
Members' Equity [Abstract]    
Total liabilities and shareholders’ equity 5,573 5,412
Atlantic City Electric Company [Member]    
Current Assets    
Cash and cash equivalents 168 29
Restricted cash and cash equivalents 0 0
Accounts receivable    
Customer accounts receivable 177 190
Customer allowance for credit losses (49) (49)
Customer accounts receivable, net 128 141
Other accounts receivable 79 76
Other allowance for credit losses (14) (15)
Other accounts receivable, net 65 61
Receivables from affiliates, current 0 2
Inventories, net    
Inventories, net 37 36
Regulatory assets, current 137 61
Other 5 3
Total current assets 540 333
Accumulated depreciation and amortization 1,458 1,420
Property, plant and equipment, net 3,763 3,729
Deferred debits and other assets    
Regulatory assets, noncurrent 559 430
Prepaid pension asset 30 27
Other 37 37
Total deferred debits and other assets 626 494
Total assets 4,929 4,556
Current Liabilities    
Short-term borrowings 0 144
Long-term debt due within one year 3 3
Accounts payable 139 165
Accrued expenses 43 44
Payables to affiliates, current 23 31
Customer deposits 18 18
Regulatory liabilities, current 20 28
PPA termination obligation 85 0
Other 18 12
Total current liabilities 349 445
Long-term debt 1,754 1,579
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 692 682
Non-pension postretirement benefit obligations 11 12
Regulatory liabilities, noncurrent 203 214
Other 165 49
Total deferred credits and other liabilities 1,071 957
Liabilities 3,174 2,981
Commitments and contingencies
Shareholders' equity    
Common stock 1,763 1,590
Retained earnings/Undistributed earnings (losses) (8) (15)
Total shareholders’ equity 1,755 1,575
Members' Equity [Abstract]    
Total liabilities and shareholders’ equity $ 4,929 $ 4,556