Accounts Receivable (All Registrants)

12 Months Ended

Dec. 31, 2022

Allowance for Credit Losses on Accounts Receivable

The following tables present the rollforward of Allowance for Credit Losses on Customer Accounts Receivable.


	Year Ended December 31, 2022
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance as of December 31, 2021	$	320	$	73	$	105	$	38	$	104	$	37	$	18	$	49
Plus: Current period provision for expected credit losses(a)(b)	176		29		52		37		58		31		12		15
Less: Write-offs, net(c)(d)(e) of recoveries(f)	169		43		52		21		53		21		9		23

Balance as of December 31, 2022	$	327	$	59	$	105	$	54	$	109	$	47	$	21	$	41

	Year Ended December 31, 2021
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance as of December 31, 2020	$	334	$	97	$	116	$	35	$	86	$	32	$	22	$	32
Plus: Current period provision for expected credit losses	96		21		23		15		37		13		6		18
Less: Write-offs, net of recoveries	110		45		34		12		19		8		10		1
Balance as of December 31, 2021	$	320	$	73	$	105	$	38	$	104	$	37	$	18	$	49

_________

(a)For PECO, BGE, Pepco and DPL, the change in current period provision for expected credit losses is primarily a result of increased receivable balances.

(b)For ACE, the change in current period provision for expected credit losses is primarily a result of decreased receivable balances.

(c)For PECO, the change in write-offs is primarily a result of increased disconnection activities.

(d)For PHI, Pepco and ACE, the change in write-offs is primarily related to the termination of the moratoriums in the District of Columbia and New Jersey, which beginning in March 2020, prevented customer disconnections for non-payment. With disconnection activities restarting in January 2022, write-offs of aging accounts receivable increased during the year.

(e)For DPL, the change in write-offs is primarily a result of favorable customer payment behavior.

(f)Recoveries were not material to the Registrants.

The following tables present the rollforward of Allowance for Credit Losses on Other Accounts Receivable.


	Year Ended December 31, 2022
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance as of December 31, 2021	$	72	$	17	$	7	$	9	$	39	$	16	$	8	$	15
Plus: Current period provision (benefit) for expected credit losses	26		3		6		6		11		9		(1)		3
Less: Write-offs, net of recoveries(a)	16		3		4		5		4		—		—		4
Balance as of December 31, 2022	$	82	$	17	$	9	$	10	$	46	$	25	$	7	$	14

	Year Ended December 31, 2021
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance as of December 31, 2020	$	71	$	21	$	8	$	9	$	33	$	13	$	9	$	11
Plus: Current period provision (benefit) for expected credit losses	11		(2)		3		4		6		3		(1)		4
Less: Write-offs, net of recoveries	10		2		4		4		—		—		—		—
Balance as of December 31, 2021	$	72	$	17	$	7	$	9	$	39	$	16	$	8	$	15

_________

(a)Recoveries were not material to the Registrants.

Unbilled Customer Revenue

The following table provides additional information about unbilled customer revenues recorded in the Registrants' Consolidated Balance Sheets as of December 31, 2022 and 2021.


	Unbilled customer revenues(a)
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
December 31, 2022	$	912	$	223	$	219	$	247	$	223	$	103	$	74	$	46
December 31, 2021	747		240		161		171		175		82		53		40

_________

(a)Unbilled customer revenues are classified in Customer accounts receivables, net in the Registrants' Consolidated Balance Sheets.

Other Purchases of Customer and Other Accounts Receivables

The Utility Registrants are required, under separate legislation and regulations in Illinois, Pennsylvania, Maryland, District of Columbia, and New Jersey, to purchase certain receivables from alternative retail electric and, as applicable, natural gas suppliers that participate in the utilities' consolidated billing. The following tables present the total receivables purchased.


	Total receivables purchased
	Exelon(a)		ComEd(a)		PECO(a)		BGE(a)		PHI		Pepco		DPL		ACE
Year ended December 31, 2022	$	3,981	$	965	$	1,081	$	792	$	1,143	$	723	$	205	$	215
Year ended December 31, 2021	$	3,840	$	1,031	$	1,041	$	687	$	1,081	$	660	$	217	$	204

_________

(a)For BGE, includes $4 million of receivables purchased from Generation prior to the separation on February 1, 2022 for the year ended December 31, 2022. For ComEd, PECO, and BGE, includes $1 million, $1 million, and $21 million of receivables purchased from Generation, respectively, for the year ended December 31, 2021.