Property, Plant and Equipment (All Registrants)

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment (All Registrants)

Property, Plant, and Equipment (All Registrants)

The following tables present a summary of property, plant, and equipment by asset category as of December 31, 2022 and 2021:

Asset Category	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
December 31, 2022
Electric—transmission and distribution	$	69,034	$	32,906	$	10,719	$	9,993	$	17,165	$	11,270	$	5,231	$	5,219
Gas—transportation and distribution	8,126		—		3,619		4,074		696		—		855		—
Common—electric and gas	2,521		—		1,071		1,317		228		—		206		—
Construction work in progress	4,534		1,174		744		487		2,101		1,526		271		296
Other property, plant, and equipment(a)	791		106		50		50		114		65		29		26
Total property, plant, and equipment	85,006		34,186		16,203		15,921		20,304		12,861		6,592		5,541
Less: accumulated depreciation	15,930		6,673		4,078		4,583		2,618		4,067		1,772		1,551
Property, plant, and equipment, net	$	69,076	$	27,513	$	12,125	$	11,338	$	17,686	$	8,794	$	4,820	$	3,990
December 31, 2021
Electric—transmission and distribution	$	64,771	$	31,077	$	10,076	$	9,352	$	16,062	$	10,798	$	4,957	$	4,882
Gas—transportation and distribution	7,429		—		3,339		3,712		646		—		806		—
Common—electric and gas	2,335		—		1,005		1,224		201		—		180		—
Construction work in progress	3,698		918		620		554		1,590		1,118		229		242
Other property, plant and equipment(a)	755		99		41		34		107		63		23		25
Total property, plant and equipment	78,988		32,094		15,081		14,876		18,606		11,979		6,195		5,149
Less: accumulated depreciation	14,430		6,099		3,964		4,299		2,108		3,875		1,635		1,420
Property, plant, and equipment, net	$	64,558	$	25,995	$	11,117	$	10,577	$	16,498	$	8,104	$	4,560	$	3,729

__________

(a)Primarily composed of land and non-utility property.

The following table presents the average service life for each asset category in number of years:

	Average Service Life (years)
Asset Category	Exelon	ComEd	PECO	BGE	PHI	Pepco	DPL	ACE
Electric - transmission and distribution	5-80	5-80	5-70	5-80	5-75	5-75	5-75	5-75
Gas - transportation and distribution	5-80	N/A	5-70	5-80	5-75	N/A	5-75	N/A
Common - electric and gas	4-75	N/A	5-55	4-50	5-75	N/A	5-75	N/A
Other property, plant, and equipment	4-61	31-50	50	20-50	10-43	10-33	10-43	13-15

The following table presents the annual depreciation rates for each asset category.

	Annual Depreciation Rates
	Exelon	ComEd	PECO	BGE	PHI	Pepco	DPL	ACE
December 31, 2022
Electric—transmission and distribution	2.87%	3.00%	2.29%	2.82%	2.96%	2.58%	3.08%	3.38%
Gas—transportation and distribution	2.14%	N/A	1.87%	2.53%	1.45%	N/A	1.45%	N/A
Common—electric and gas	7.54%	N/A	6.31%	8.20%	8.96%	N/A	10.03%	N/A
December 31, 2021
Electric—transmission and distribution	2.81%	2.94%	2.28%	2.80%	2.87%	2.56%	2.86%	3.21%
Gas—transportation and distribution	2.13%	N/A	1.84%	2.54%	1.47%	N/A	1.47%	N/A
Common—electric and gas	7.31%	N/A	6.34%	7.88%	8.33%	N/A	8.69%	N/A
December 31, 2020
Electric—transmission and distribution	2.79%	2.95%	2.31%	2.69%	2.81%	2.53%	2.85%	3.08%
Gas—transportation and distribution	2.14%	N/A	1.85%	2.56%	1.50%	N/A	1.50%	N/A
Common—electric and gas	7.01%	N/A	6.39%	7.45%	7.36%	N/A	6.72%	N/A

AFUDC

The following table summarizes credits to AFUDC by year:

	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
December 31, 2022
AFUDC debt and equity	$	215	$	54	$	42	$	29	$	90	$	69	$	10	$	11
December 31, 2021
AFUDC debt and equity	$	189	$	47	$	34	$	36	$	72	$	59	$	8	$	5
December 31, 2020
AFUDC debt and equity	$	150	$	42	$	23	$	30	$	55	$	42	$	6	$	7

See Note 1 — Significant Accounting Policies for additional information regarding property, plant and equipment policies. See Note 16 — Debt and Credit Agreements for additional information regarding Exelon’s, ComEd’s, PECO's, Pepco's, DPL's, and ACE’s property, plant and equipment subject to mortgage liens.