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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating revenues        
Revenues from alternative revenue programs $ (2) $ 47 $ 27 $ 176
Total operating revenues 4,239 4,020 9,566 8,652
Operating expenses        
Purchased power and/or fuel from affiliates 0 257 159 550
Operating and maintenance 1,109 1,073 2,288 2,155
Depreciation and amortization 830 736 1,647 1,494
Taxes other than income taxes 330 314 684 631
Total operating expenses 3,543 3,444 7,971 7,252
Gain on sales of assets and businesses (2) 4 (2) 4
Operating income (loss) 694 580 1,593 1,404
Other income and (deductions)        
Interest expense, net (352) (318) (684) (630)
Interest expense to affiliates (6) (6) (13) (13)
Other, net 175 73 313 131
Total other income and (deductions) (183) (251) (384) (512)
Income (Loss) before income taxes 511 329 1,209 892
Income taxes 46 3 263 42
Equity in losses of unconsolidated affiliates 0 0 0 1
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 465 326 946 851
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 0 150 117 (640)
Net income (loss) 465 476 1,063 211
Net income (loss) attributable to noncontrolling interests 0 75 1 99
Net Income (Loss) Available to Common Stockholders, Basic 465 401 1,062 112
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic 465 326 946 851
Net Income (Loss) from Discontinued Operations Available to Common Shareholders, Basic 0 75 116 (739)
Other comprehensive income (loss), net of income taxes        
Prior service benefit reclassified to periodic benefit cost 2 (1) 2 (2)
Actuarial loss reclassified to periodic benefit cost 10 56 24 112
Pension and non-pension postretirement benefit plan valuation adjustment 0 0 0 (2)
Unrealized gain (loss) on foreign currency translation 0 2 0 3
Other comprehensive income 12 57 26 111
Comprehensive income 477 533 1,089 322
Comprehensive income attributable to noncontrolling interests 0 75 1 99
Comprehensive income attributable to common shareholders/membership interest $ 477 $ 458 $ 1,088 $ 223
Average shares of common stock outstanding:        
Basic average shares of common stock outstanding 981 978 981 978
Assumed exercise and/or distributions of stock-based awards 1 1 1 1
Diluted average shares of common stock outstanding 982 979 982 [1] 979 [1]
Earnings Per Share [Abstract]        
Income (Loss) from Continuing Operations, Per Basic Share $ 0.47 $ 0.33 $ 0.96 $ 0.87
Income (Loss) from Continuing Operations, Per Diluted Share 0.47 0.33 0.96 0.87
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share 0 0.08 0.12 (0.76)
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share $ 0 $ 0.08 $ 0.12 $ (0.76)
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 0 0 0 0
Commonwealth Edison Co [Member]        
Operating revenues        
Revenues from alternative revenue programs $ 35 $ 9 $ 75 $ 64
Operating revenues from affiliates 3 5 8 11
Total operating revenues 1,425 1,517 3,158 3,052
Operating expenses        
Purchased power and/or fuel from affiliates 0 79 59 163
Operating and maintenance 258 250 523 495
Related Party Transaction, Expenses from Transactions with Related Party 80 73 166 144
Depreciation and amortization 328 296 649 589
Taxes other than income taxes 90 77 185 153
Total operating expenses 1,039 1,196 2,444 2,406
Gain on sales of assets and businesses (2) 0 (2) 0
Operating income (loss) 384 321 712 646
Other income and (deductions)        
Interest expense, net (101) (95) (197) (187)
Interest expense to affiliates (3) (3) (7) (6)
Other, net 13 15 26 22
Total other income and (deductions) (91) (83) (178) (171)
Income (Loss) before income taxes 293 238 534 475
Income taxes 66 46 119 85
Net income (loss) 227 192 415 390
Other comprehensive income (loss), net of income taxes        
Comprehensive income 227 192 415 390
PECO Energy Co [Member]        
Operating revenues        
Revenues from alternative revenue programs 0 7 6 17
Operating revenues from affiliates 1 2 2 4
Total operating revenues 816 693 1,863 1,582
Operating expenses        
Purchased power and/or fuel from affiliates 0 40 33 81
Operating and maintenance 168 166 364 360
Related Party Transaction, Expenses from Transactions with Related Party 47 43 99 83
Depreciation and amortization 93 87 185 173
Taxes other than income taxes 48 49 95 92
Total operating expenses 639 552 1,432 1,231
Operating income (loss) 177 141 431 351
Other income and (deductions)        
Interest expense, net (40) (39) (78) (74)
Interest expense to affiliates (3) (3) (6) (6)
Other, net 8 7 16 12
Total other income and (deductions) (35) (35) (68) (68)
Income (Loss) before income taxes 142 106 363 283
Income taxes 9 2 24 12
Net income (loss) 133 104 339 271
Other comprehensive income (loss), net of income taxes        
Comprehensive income 133 104 339 271
Baltimore Gas and Electric Company [Member]        
Operating revenues        
Revenues from alternative revenue programs (20) (10) (32) 8
Operating revenues from affiliates 3 7 10 13
Total operating revenues 786 682 1,940 1,656
Operating expenses        
Purchased power and/or fuel from affiliates 0 59 18 129
Operating and maintenance 154 147 321 299
Related Party Transaction, Expenses from Transactions with Related Party 51 46 102 91
Depreciation and amortization 152 141 322 293
Taxes other than income taxes 71 67 148 139
Total operating expenses 717 620 1,636 1,372
Operating income (loss) 69 62 304 284
Other income and (deductions)        
Interest expense, net (36) (34) (71) (67)
Other, net 5 9 11 16
Total other income and (deductions) (31) (25) (60) (51)
Income (Loss) before income taxes 38 37 244 233
Income taxes 1 (8) 10 (21)
Net income (loss) 37 45 234 254
Other comprehensive income (loss), net of income taxes        
Comprehensive income 37 45 234 254
Pepco Holdings LLC [Member]        
Operating revenues        
Revenues from alternative revenue programs (17) 41 (22) 88
Operating revenues from affiliates 2 4 6 7
Total operating revenues 1,221 1,140 2,626 2,384
Operating expenses        
Purchased power and/or fuel from affiliates 0 79 50 177
Operating and maintenance 245 217 493 434
Related Party Transaction, Expenses from Transactions with Related Party 47 39 98 79
Depreciation and amortization 240 194 459 404
Taxes other than income taxes 114 109 233 222
Total operating expenses 1,066 955 2,282 2,013
Operating income (loss) 155 185 344 371
Other income and (deductions)        
Interest expense, net (73) (67) (143) (134)
Other, net 19 20 37 36
Total other income and (deductions) (54) (47) (106) (98)
Income (Loss) before income taxes 101 138 238 273
Income taxes 1 (3) 8 5
Equity in losses of unconsolidated affiliates 0 0 0 1
Net income (loss) 100 141 230 269
Other comprehensive income (loss), net of income taxes        
Comprehensive income attributable to common shareholders/membership interest 100 141 230 269
Potomac Electric Power Company [Member]        
Operating revenues        
Revenues from alternative revenue programs (1) 19 (7) 46
Operating revenues from affiliates 2 1 2 3
Total operating revenues 581 523 1,195 1,076
Operating expenses        
Purchased power and/or fuel from affiliates 0 57 39 130
Operating and maintenance 72 62 145 118
Related Party Transaction, Expenses from Transactions with Related Party 56 51 115 103
Depreciation and amortization 105 96 213 199
Taxes other than income taxes 92 87 186 177
Total operating expenses 487 429 1,034 895
Operating income (loss) 94 94 161 181
Other income and (deductions)        
Interest expense, net (38) (35) (74) (69)
Other, net 13 13 26 25
Total other income and (deductions) (25) (22) (48) (44)
Income (Loss) before income taxes 69 72 113 137
Income taxes (1) (3) (3) 3
Net income (loss) 70 75 116 134
Other comprehensive income (loss), net of income taxes        
Comprehensive income 70 75 116 134
Delmarva Power and Light Company [Member]        
Operating revenues        
Revenues from alternative revenue programs (2) 10 (3) 19
Operating revenues from affiliates 2 2 3 4
Total operating revenues 332 298 763 680
Operating expenses        
Purchased power and/or fuel from affiliates 0 17 10 37
Operating and maintenance 45 41 97 85
Related Party Transaction, Expenses from Transactions with Related Party 43 39 84 79
Depreciation and amortization 56 51 113 104
Taxes other than income taxes 17 16 35 33
Total operating expenses 296 255 653 564
Operating income (loss) 36 43 110 116
Other income and (deductions)        
Interest expense, net (17) (16) (33) (30)
Other, net 4 4 6 6
Total other income and (deductions) (13) (12) (27) (24)
Income (Loss) before income taxes 23 31 83 92
Income taxes 2 1 6 6
Net income (loss) 21 30 77 86
Other comprehensive income (loss), net of income taxes        
Comprehensive income 21 30 77 86
Atlantic City Electric Company [Member]        
Operating revenues        
Revenues from alternative revenue programs (15) 12 (12) 23
Operating revenues from affiliates 1 1 2 1
Total operating revenues 309 319 658 629
Operating expenses        
Purchased power and/or fuel from affiliates 0 5 2 9
Operating and maintenance 50 39 97 82
Related Party Transaction, Expenses from Transactions with Related Party 36 34 73 68
Depreciation and amortization 72 40 118 87
Taxes other than income taxes 2 2 4 4
Total operating expenses 283 269 593 552
Operating income (loss) 26 50 65 77
Other income and (deductions)        
Interest expense, net (17) (14) (32) (29)
Other, net 2 0 5 2
Total other income and (deductions) (15) (14) (27) (27)
Income (Loss) before income taxes 11 36 38 50
Income taxes 0 (1) 1 (1)
Net income (loss) 11 37 37 51
Other comprehensive income (loss), net of income taxes        
Comprehensive income 11 37 37 51
Electricity, US Regulated        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 3,934 3,739 8,415 7,609
Operating expenses        
Purchased power and/or fuel 1,167 1,006 2,748 2,146
Electricity, US Regulated | Commonwealth Edison Co [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 1,387 1,503 3,075 2,977
Operating expenses        
Purchased power and/or fuel 283 421 862 862
Electricity, US Regulated | PECO Energy Co [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 707 602 1,441 1,251
Operating expenses        
Purchased power and/or fuel 244 145 472 334
Electricity, US Regulated | Baltimore Gas and Electric Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 642 560 1,377 1,180
Operating expenses        
Purchased power and/or fuel 241 133 526 295
Electricity, US Regulated | Pepco Holdings LLC [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 1,199 1,071 2,522 2,195
Operating expenses        
Purchased power and/or fuel 401 308 888 656
Electricity, US Regulated | Potomac Electric Power Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 580 503 1,200 1,027
Operating expenses        
Purchased power and/or fuel 162 76 336 168
Electricity, US Regulated | Delmarva Power and Light Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 295 262 643 562
Operating expenses        
Purchased power and/or fuel 116 82 253 185
Electricity, US Regulated | Atlantic City Electric Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 323 306 668 605
Operating expenses        
Purchased power and/or fuel 123 149 299 302
Natural Gas, US Regulated        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 307 234 1,124 867
Operating expenses        
Purchased power and/or fuel 107 58 445 276
Natural Gas, US Regulated | PECO Energy Co [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 108 82 414 310
Operating expenses        
Purchased power and/or fuel 39 22 184 108
Natural Gas, US Regulated | Baltimore Gas and Electric Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 161 125 585 455
Operating expenses        
Purchased power and/or fuel 48 27 199 126
Natural Gas, US Regulated | Pepco Holdings LLC [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 37 24 120 94
Operating expenses        
Purchased power and/or fuel 19 9 61 41
Natural Gas, US Regulated | Delmarva Power and Light Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 37 24 120 95
Operating expenses        
Purchased power and/or fuel $ 19 $ 9 $ 61 $ 41
[1] The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect were none for the three and six months ended June 30, 2022 and 2021, respectively