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Segment Information (All Registrants)
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Segment Information (All Registrants) Segment Information (All Registrants)
Operating segments for each of the Registrants are determined based on information used by the CODMs in deciding how to evaluate performance and allocate resources at each of the Registrants.
Exelon has six reportable segments, which include ComEd, PECO, BGE, and PHI's three reportable segments consisting of Pepco, DPL, and ACE. ComEd, PECO, BGE, Pepco, DPL, and ACE each represent a single reportable segment, and as such, no separate segment information is provided for these Registrants. Exelon, ComEd, PECO, BGE, Pepco, DPL, and ACE's CODMs evaluate the performance of and allocate resources to ComEd, PECO, BGE, Pepco, DPL, and ACE based on net income.
An analysis and reconciliation of the Registrants’ reportable segment information to the respective information in the consolidated financial statements for the three and six months ended June 30, 2022 and 2021 is as follows:
Three Months Ended June 30, 2022 and 2021
ComEdPECOBGEPHI
Other(a)
Intersegment
Eliminations		Exelon
Operating revenues(b):
2022
Electric revenues$1,425 $708 $629 $1,182 $— $(6)$3,938 
Natural gas revenues— 108 157 37 — (1)301 
Shared service and other revenues— — — 2 384 (386)— 
Total operating revenues$1,425 $816 $786 $1,221 $384 $(393)$4,239 
2021
Electric revenues$1,517 $610 $558 $1,113 $— $(9)$3,789 
Natural gas revenues— 83 124 24 — — 231 
Shared service and other revenues— — — 3 524 (527)— 
Total operating revenues$1,517 $693 $682 $1,140 $524 $(536)$4,020 
Intersegment revenues(c):
2022$3 $1 $3 $2 $384 $(393)$— 
20215 2 7 4 522 (535)5 
Depreciation and amortization:
2022$328 $93 $152 $240 $16 $1 $830 
2021296 87 141 194 18 — 736 
Operating expenses:
2022$1,039 $639 $717 $1,066 $460 $(378)$3,543 
20211,196 552 620 955 495 (374)3,444 
Interest expense, net:
2022$104 $43 $36 $73 $101 $1 $358 
202198 42 34 67 83 — 324 
Income (loss) from continuing operations before income taxes:
2022$293 $142 $38 $101 $(62)$(1)$511 
2021238 106 37 138 (46)(144)329 
Income Taxes:
2022$66 $9 $1 $1 $(31)$— $46 
202146 2 (8)(3)(27)(7)3 
Net income (loss) from continuing operations:
2022$227 $133 $37 $100 $(31)$(1)$465 
2021192 104 45 141 (19)(137)326 
Capital Expenditures:
2022$591 $314 $275 $367 $38 $— $1,585 
2021549 282 284 433 15 — 1,563 
__________
(a)Other primarily includes Exelon’s corporate operations, shared service entities, and other financing and investment activities.
(b)Includes gross utility tax receipts from customers. The offsetting remittance of utility taxes to the governing bodies is recorded in expenses in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. See Note 14 — Supplemental Financial Information for additional information on total utility taxes.
(c)See Note 15 — Related Party Transactions for additional information on intersegment revenues.
PHI:
PepcoDPLACE
Other(a)
Intersegment
Eliminations		PHI
Operating revenues(b):
2022
Electric revenues$581 $295 $309 $— $(3)$1,182 
Natural gas revenues— 37 — — — 37 
Shared service and other revenues— — — 98 (96)2 
Total operating revenues$581 $332 $309 $98 $(99)$1,221 
2021
Electric revenues$523 $274 $319 $— $(3)$1,113 
Natural gas revenues— 24 — — — 24 
Shared service and other revenues— — — 95 (92)3 
Total operating revenues$523 $298 $319 $95 $(95)$1,140 
Intersegment revenues(c):
2022$2 $2 $1 $98 $(101)$2 
20211 2 1 95 (95)4 
Depreciation and amortization:
2022$105 $56 $72 $7 $— $240 
202196 51 40 7 — 194 
Operating expenses:
2022$487 $296 $283 $99 $(99)$1,066 
2021429 255 269 97 (95)955 
Interest expense, net:
2022$38 $17 $17 $1 $— $73 
202135 16 14 2 — 67 
Income (loss) before income taxes:
2022$69 $23 $11 $(2)$— $101 
202172 31 36 (1)— 138 
Income Taxes:
2022$(1)$2 $— $— $— $1 
2021(3)1 (1)— — (3)
Net income (loss):
2022$70 $21 $11 $(2)$— $100 
202175 30 37 (1)— 141 
Capital Expenditures:
2022$184 $91 $92 $— $— $367 
2021219 99 116 (1)— 433 
__________
(a)Other primarily includes PHI’s corporate operations, shared service entities, and other financing and investment activities.
(b)Includes gross utility tax receipts from customers. The offsetting remittance of utility taxes to the governing bodies is recorded in expenses in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. See Note 14 — Supplemental Financial Information for additional information on total utility taxes.
(c)Includes intersegment revenues with ComEd, BGE, and PECO, which are eliminated at Exelon.

The following tables disaggregate the Registrants' revenues recognized from contracts with customers into categories that depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. For the Utility Registrants, the disaggregation of revenues reflects the two primary utility services of electric sales and natural gas sales (where applicable), with further disaggregation of these tariff sales provided by major customer groups. Exelon’s disaggregated revenues are consistent with the Utility Registrants, but exclude any intercompany revenues.
Three Months Ended June 30, 2022
Revenues from contracts with customersComEdPECOBGEPHIPepcoDPLACE
Electric revenues
Residential$819 $431 $334 $548 $234 $155 $159 
Small commercial & industrial312 126 70 140 35 51 54 
Large commercial & industrial11 72 129 332 250 30 52 
Public authorities & electric railroads5 7 7 15 8 3 4 
Other(a)
234 68 99 164 54 57 55 
Total electric revenues(b)
$1,381 $704 $639 $1,199 $581 $296 $324 
Natural gas revenues
Residential$— $71 $96 $17 $— $17 $— 
Small commercial & industrial— 29 18 8 — 8 — 
Large commercial & industrial— — 35 3 — 3 — 
Transportation— 6 — 3 — 3 — 
Other(c)
— 2 12 6 — 6 — 
Total Natural gas revenues(d)
$— $108 $161 $37 $— $37 $— 
Total revenues from contracts with customers$1,381 $812 $800 $1,236 $581 $333 $324 
Other revenues
Revenues from alternative revenue programs$35 $— $(20)$(17)$(1)$(2)$(15)
Other electric revenues(e)
9 4 4 2 1 1 — 
Other natural gas revenues(e)
— — 2 — — — — 
Total other revenues$44 $4 $(14)$(15)$— $(1)$(15)
Total revenues for reportable segments$1,425 $816 $786 $1,221 $581 $332 $309 
Three Months Ended June 30, 2021
Revenues from contracts with customersComEdPECOBGEPHIPepcoDPLACE
Electric revenues
Residential$759 $383 $299 $537 $223 $147 $167 
Small commercial & industrial377 99 60 124 32 46 46 
Large commercial & industrial138 59 108 257 188 22 47 
Public authorities & electric railroads11 8 7 17 10 3 4 
Other(a)
214 54 87 139 50 46 43 
Total electric revenues(b)
$1,499 $603 $561 $1,074 $503 $264 $307 
Natural gas revenues
Residential$— $55 $81 $12 $— $12 $— 
Small commercial & industrial— 22 13 6 — 6 — 
Large commercial & industrial— — 27 1 — 1 — 
Transportation— 5 — 3 — 3 — 
Other(c)
— 1 6 2 — 2 — 
Total natural gas revenues(d)
$— $83 $127 $24 $— $24 $— 
Total revenues from contracts with customers$1,499 $686 $688 $1,098 $503 $288 $307 
Other revenues
Revenues from alternative revenue programs$9 $7 $(10)$41 $19 $10 $12 
Other electric revenues(e)
9 — 3 1 1 — — 
Other natural gas revenues(e)
— — 1 — — — — 
Total other revenues$18 $7 $(6)$42 $20 $10 $12 
Total revenues for reportable segments$1,517 $693 $682 $1,140 $523 $298 $319 
__________
(a)Includes revenues from transmission revenue from PJM, wholesale electric revenue and mutual assistance revenue.
(b)Includes operating revenues from affiliates in 2022 and 2021 respectively of:
•$3 million, $5 million at ComEd
•$1 million, $1 million at PECO
•$2 million, $4 million at BGE
•$2 million, $4 million at PHI
•$2 million, $1 million at Pepco
•$2 million, $2 million at DPL
•$1 million, $1 million at ACE
(c)Includes revenues from off-system natural gas sales.
(d)Includes operating revenues from affiliates in 2022 and 2021 respectively of:
•less than $1 million, less than $1 million at PECO
•$1 million, $3 million at BGE
(e)Includes late payment charge revenues.
Six Months Ended June 30, 2022 and 2021
ComEdPECOBGEPHI
Other(a)
Intersegment
Eliminations		Exelon
Operating revenues(b):
2022
Electric revenues$3,158 $1,449 $1,366 $2,501 $— $(14)$8,460 
Natural gas revenues— 414 574 120 — (2)1,106 
Shared service and other revenues— — — 5 961 (966)— 
Total operating revenues$3,158 $1,863 $1,940 $2,626 $961 $(982)$9,566 
2021
Electric revenues$3,052 $1,271 $1,190 $2,283 $— $(16)$7,780 
Natural gas revenues— 311 466 95 — — 872 
Shared service and other revenues— — — 6 1,013 (1,019)— 
Total operating revenues$3,052 $1,582 $1,656 $2,384 $1,013 $(1,035)$8,652 
Intersegment revenues(c):
2022$8 $2 $10 $6 $961 $(981)$6 
202111 4 13 7 1,010 (1,033)12 
Depreciation and amortization:
2022$649 $185 $322 $459 $32 $— $1,647 
2021589 173 293 404 35 — 1,494 
Operating expenses:
2022$2,444 $1,432 $1,636 $2,282 $1,086 $(909)$7,971 
20212,406 1,231 1,372 2,013 943 (713)7,252 
Interest expense, net:
2022$204 $84 $71 $143 $195 $— $697 
2021193 80 67 134 169 — 643 
Income (loss) from continuing operations before income taxes:
2022$534 $363 $244 $238 $(125)$(45)$1,209 
2021475 283 233 273 (80)(292)892 
Income Taxes:
2022$119 $24 $10 $8 $114 $(12)$263 
202185 12 (21)5 (19)(20)42 
Net income (loss) from continuing operations:
2022$415 $339 $234 $230 $(239)$(33)$946 
2021390 271 254 269 (61)(272)851 
Capital Expenditures:
2022$1,208 $658 $578 $776 $60 $— $3,280 
20211,162 577 620 889 61 — 3,309 
Total assets:
June 30, 2022$37,194 $14,216 $13,093 $25,592 $6,345 $(4,145)$92,295 
December 31, 202136,470 13,824 12,324 24,744 7,626 (8,319)86,669 
__________
(a)Other primarily includes Exelon’s corporate operations, shared service entities, and other financing and investment activities.
(b)Includes gross utility tax receipts from customers. The offsetting remittance of utility taxes to the governing bodies is recorded in expenses in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. See Note 14 — Supplemental Financial Information for additional information on total utility taxes.
(c)See Note 15 — Related Party Transactions for additional information on intersegment revenues.
PHI:
PepcoDPLACE
Other(a)
Intersegment
Eliminations		PHI
Operating revenues(b):
2022
Electric revenues$1,195 $643 $658 $— $5 $2,501 
Natural gas revenues— 120 — — — 120 
Shared service and other revenues— — — 205 (200)5 
Total operating revenues$1,195 $763 $658 $205 $(195)$2,626 
2021
Electric revenues$1,076 $585 $629 $— $(7)$2,283 
Natural gas revenues— 95 — — — 95 
Shared service and other revenues— — — 189 (183)6 
Total operating revenues$1,076 $680 $629 $189 $(190)$2,384 
Intersegment revenues(c):
2022$2 $3 $2 $195 $(196)$6 
20213 4 1 189 (190)7 
Depreciation and amortization:
2022$213 $113 $118 $15 $— $459 
2021199 104 87 14 — 404 
Operating expenses:
2022$1,034 $653 $593 $197 $(195)$2,282 
2021895 564 552 192 (190)2,013 
Interest expense, net:
2022$74 $33 $32 $5 $(1)$143 
202169 30 29 6 — 134 
Income (loss) before income taxes:
2022$113 $83 $38 $4 $— $238 
2021137 92 50 (6)— 273 
Income Taxes:
2022$(3)$6 $1 $4 $— $8 
20213 6 (1)(3)— 5 
Net income (loss):
2022$116 $77 $37 $— $— $230 
2021134 86 51 (2)— 269 
Capital Expenditures:
2022$402 $194 $179 $1 $— $776 
2021439 211 239 — — 889 
Total assets:
June 30, 2022$10,226 $5,742 $5,052 $4,775 $(203)$25,592 
December 31, 20219,903 5,412 4,556 4,933 (60)24,744 
__________
(a)Other primarily includes PHI’s corporate operations, shared service entities, and other financing and investment activities.
(b)Includes gross utility tax receipts from customers. The offsetting remittance of utility taxes to the governing bodies is recorded in expenses in the Registrants’ Consolidated Statements of Operations and Comprehensive Income. See Note 14 — Supplemental Financial Information for additional information on total utility taxes.
(c)Includes intersegment revenues with ComEd, BGE, and PECO, which are eliminated at Exelon.
The following tables disaggregate the Registrants' revenues recognized from contracts with customers into categories that depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. For the Utility Registrants, the disaggregation of revenues reflects the two primary utility services of electric sales and natural gas sales (where applicable), with further disaggregation of these tariff sales provided by major customer groups. Exelon’s disaggregated revenues are consistent with the Utility Registrants, but exclude any intercompany revenues.
Six Months Ended June 30, 2022
Revenues from contracts with customersComEdPECOBGEPHIPepcoDPLACE
Electric revenues
Residential$1,675 $918 $752 $1,200 $509 $362 $329 
Small commercial & industrial736 237 151 281 73 107 101 
Large commercial & industrial165 136 260 655 503 56 96 
Public authorities & electric railroads20 15 14 31 16 7 8 
Other(a)
472 130 196 359 100 113 136 
Total electric revenues(b)
$3,068 $1,436 $1,373 $2,526 $1,201 $645 $670 
Natural gas revenues
Residential$— $289 $378 $68 $— $68 $— 
Small commercial & industrial— 105 63 29 — 29 — 
Large commercial & industrial— — 100 6 — 6 — 
Transportation— 14 — 7 — 7 — 
Other(c)
— 5 47 10 — 10 — 
Total natural gas revenues(d)
$— $413 $588 $120 $— $120 $— 
Total revenues from contracts with customers$3,068 $1,849 $1,961 $2,646 $1,201 $765 $670 
Other revenues
Revenues from alternative revenue programs$75 $6 $(32)$(22)$(7)$(3)$(12)
Other electric revenues(e)
15 7 8 2 1 1 — 
Other natural gas revenues(e)
— 1 3 — — — — 
Total other revenues$90 $14 $(21)$(20)$(6)$(2)$(12)
Total revenues for reportable segments$3,158 $1,863 $1,940 $2,626 $1,195 $763 $658 
Six Months Ended June 30, 2021
Revenues from contracts with customersComEdPECOBGEPHIPepcoDPLACE
Electric revenues
Residential$1,502 $816 $662 $1,142 $476 $337 $329 
Small commercial & industrial744 199 129 242 65 92 85 
Large commercial & industrial271 116 213 505 372 43 90 
Public authorities & electric railroads22 17 13 30 16 7 7 
Other(a)
433 106 165 283 101 87 95 
Total electric revenues(b)
$2,972 $1,254 $1,182 $2,202 $1,030 $566 $606 
Natural gas revenues
Residential$— $215 $297 $57 $— $57 $— 
Small commercial & industrial— 81 48 24 — 24 — 
Large commercial & industrial— — 81 3 — 3 — 
Transportation— 12 — 8 — 8 — 
Other(c)
— 3 36 2 — 3 — 
Total natural gas revenues(d)
$— $311 $462 $94 $— $95 $— 
Total revenues from contracts with customers$2,972 $1,565 $1,644 $2,296 $1,030 $661 $606 
Other revenues
Revenues from alternative revenue programs$64 $17 $8 $88 $46 $19 $23 
Other electric revenues(e)
16 — 3 — — — — 
Other natural gas revenues(e)
— — 1 — — — — 
Total other revenues$80 $17 $12 $88 $46 $19 $23 
Total revenues for reportable segments$3,052 $1,582 $1,656 $2,384 $1,076 $680 $629 
__________
(a)Includes revenues from transmission revenue from PJM, wholesale electric revenue and mutual assistance revenue.
(b)Includes operating revenues from affiliates in 2022 and 2021 respectively of:
•$8 million, $11 million at ComEd
•$2 million, $3 million at PECO
•$3 million, $5 million at BGE
•$6 million, $7 million at PHI
•$2 million, $3 million at Pepco
•$3 million, $4 million at DPL
•$2 million, $1 million at ACE
(c)Includes revenues from off-system natural gas sales.
(d)Includes operating revenues from affiliates in 2022 and 2021 respectively of:
•less than $1 million, $1 million at PECO
•$7 million, $7 million at BGE
(e)Includes late payment charge revenues.