XML 40 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating revenues    
Revenues from alternative revenue programs $ 279 $ 29
Total operating revenues 5,563 5,327
Operating expenses    
Purchased power and/or fuel from affiliates 0 159
Operating and maintenance 1,151 1,178
Depreciation and amortization 860 817
Taxes other than income taxes 355 354
Total operating expenses 4,457 4,427
Operating income (loss) 1,106 900
Other income and (deductions)    
Interest expense, net (406) (332)
Interest expense to affiliates (6) (6)
Other, net 109 137
Total other income and (deductions) (303) (201)
Income (Loss) before income taxes 803 699
Income taxes 134 218
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 669 481
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 0 117
Net income (loss) 669 598
Net income (loss) attributable to noncontrolling interests 0 1
Net Income (Loss) Available to Common Stockholders, Basic 669 597
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic 669 481
Net Income (Loss) from Discontinued Operations Available to Common Shareholders, Basic 0 116
Other comprehensive income (loss), net of income taxes    
Actuarial loss reclassified to periodic benefit cost 3 14
Pension and non-pension postretirement benefit plan valuation adjustment (10) 0
Unrealized (loss) gain on cash flow hedges 6 0
Other comprehensive (loss) income (1) 14
Comprehensive income 668 612
Comprehensive income attributable to noncontrolling interests 0 1
Comprehensive income attributable to common shareholders/membership interest $ 668 $ 611
Average shares of common stock outstanding:    
Basic average shares of common stock outstanding 995 981
Assumed exercise and/or distributions of stock-based awards 1 0
Diluted average shares of common stock outstanding 996 981
Earnings Per Share [Abstract]    
Income (Loss) from Continuing Operations, Per Basic Share $ 0.67 $ 0.49
Income (Loss) from Continuing Operations, Per Diluted Share 0.67 0.49
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share 0 0.12
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share $ 0 $ 0.12
Commonwealth Edison Co [Member]    
Operating revenues    
Revenues from alternative revenue programs $ 153 $ 40
Operating revenues from affiliates 3 6
Total operating revenues 1,667 1,734
Operating expenses    
Purchased power and/or fuel from affiliates 0 59
Operating and maintenance 254 266
Related Party Transaction, Expenses from Transactions with Related Party 83 85
Depreciation and amortization 338 321
Taxes other than income taxes 93 96
Total operating expenses 1,256 1,406
Operating income (loss) 411 328
Other income and (deductions)    
Interest expense, net (114) (97)
Interest expense to affiliates (3) (3)
Other, net 18 12
Total other income and (deductions) (99) (88)
Income (Loss) before income taxes 312 240
Income taxes 71 52
Net income (loss) 241 188
Other comprehensive income (loss), net of income taxes    
Comprehensive income 241 188
PECO Energy Co [Member]    
Operating revenues    
Revenues from alternative revenue programs (4) 6
Operating revenues from affiliates 2 1
Total operating revenues 1,112 1,047
Operating expenses    
Purchased power and/or fuel from affiliates 0 33
Operating and maintenance 219 196
Related Party Transaction, Expenses from Transactions with Related Party 51 51
Depreciation and amortization 98 92
Taxes other than income taxes 50 47
Total operating expenses 902 793
Operating income (loss) 210 254
Other income and (deductions)    
Interest expense, net (45) (38)
Interest expense to affiliates (3) (3)
Other, net 8 7
Total other income and (deductions) (40) (34)
Income (Loss) before income taxes 170 220
Income taxes 4 14
Net income (loss) 166 206
Other comprehensive income (loss), net of income taxes    
Comprehensive income 166 206
Baltimore Gas and Electric Company [Member]    
Operating revenues    
Revenues from alternative revenue programs 65 (12)
Operating revenues from affiliates 3 7
Total operating revenues 1,257 1,154
Operating expenses    
Purchased power and/or fuel from affiliates 0 18
Operating and maintenance 168 167
Related Party Transaction, Expenses from Transactions with Related Party 54 51
Depreciation and amortization 167 171
Taxes other than income taxes 83 76
Total operating expenses 964 919
Operating income (loss) 293 235
Other income and (deductions)    
Interest expense, net (44) (35)
Other, net 3 7
Total other income and (deductions) (41) (28)
Income (Loss) before income taxes 252 207
Income taxes 52 9
Net income (loss) 200 198
Other comprehensive income (loss), net of income taxes    
Comprehensive income 200 198
Pepco Holdings LLC [Member]    
Operating revenues    
Revenues from alternative revenue programs 65 (5)
Operating revenues from affiliates 3 3
Total operating revenues 1,536 1,404
Operating expenses    
Purchased power and/or fuel from affiliates 0 50
Operating and maintenance 267 248
Related Party Transaction, Expenses from Transactions with Related Party 42 51
Depreciation and amortization 241 218
Taxes other than income taxes 120 119
Total operating expenses 1,297 1,215
Operating income (loss) 239 189
Other income and (deductions)    
Interest expense, net (76) (69)
Other, net 26 17
Total other income and (deductions) (50) (52)
Income (Loss) before income taxes 189 137
Income taxes 34 7
Net income (loss) 155 130
Other comprehensive income (loss), net of income taxes    
Comprehensive income attributable to common shareholders/membership interest 155 130
Potomac Electric Power Company [Member]    
Operating revenues    
Revenues from alternative revenue programs 39 (7)
Operating revenues from affiliates 1 1
Total operating revenues 710 614
Operating expenses    
Purchased power and/or fuel from affiliates 0 39
Operating and maintenance 93 73
Related Party Transaction, Expenses from Transactions with Related Party 57 58
Depreciation and amortization 108 108
Taxes other than income taxes 94 95
Total operating expenses 610 547
Operating income (loss) 100 67
Other income and (deductions)    
Interest expense, net (39) (36)
Other, net 16 13
Total other income and (deductions) (23) (23)
Income (Loss) before income taxes 77 44
Income taxes 12 (2)
Net income (loss) 65 46
Other comprehensive income (loss), net of income taxes    
Comprehensive income 65 46
Delmarva Power and Light Company [Member]    
Operating revenues    
Revenues from alternative revenue programs 9 (1)
Operating revenues from affiliates 2 1
Total operating revenues 474 431
Operating expenses    
Purchased power and/or fuel from affiliates 0 10
Operating and maintenance 46 51
Related Party Transaction, Expenses from Transactions with Related Party 41 42
Depreciation and amortization 60 57
Taxes other than income taxes 20 18
Total operating expenses 388 357
Operating income (loss) 86 74
Other income and (deductions)    
Interest expense, net (17) (16)
Other, net 3 2
Total other income and (deductions) (14) (14)
Income (Loss) before income taxes 72 60
Income taxes 12 4
Net income (loss) 60 56
Other comprehensive income (loss), net of income taxes    
Comprehensive income 60 56
Atlantic City Electric Company [Member]    
Operating revenues    
Revenues from alternative revenue programs 17 3
Operating revenues from affiliates 1 1
Total operating revenues 353 349
Operating expenses    
Purchased power and/or fuel from affiliates 0 2
Operating and maintenance 44 47
Related Party Transaction, Expenses from Transactions with Related Party 37 37
Depreciation and amortization 67 47
Taxes other than income taxes 2 2
Total operating expenses 298 311
Operating income (loss) 55 38
Other income and (deductions)    
Interest expense, net (16) (14)
Other, net 5 3
Total other income and (deductions) (11) (11)
Income (Loss) before income taxes 44 27
Income taxes 11 1
Net income (loss) 33 26
Other comprehensive income (loss), net of income taxes    
Comprehensive income 33 26
Electricity, US Regulated    
Operating revenues    
Revenue from Contract with Customer, Including Assessed Tax 4,462 4,481
Operating expenses    
Purchased power and/or fuel 1,733 1,581
Electricity, US Regulated | Commonwealth Edison Co [Member]    
Operating revenues    
Revenue from Contract with Customer, Including Assessed Tax 1,511 1,688
Operating expenses    
Purchased power and/or fuel 488 579
Electricity, US Regulated | PECO Energy Co [Member]    
Operating revenues    
Revenue from Contract with Customer, Including Assessed Tax 798 734
Operating expenses    
Purchased power and/or fuel 330 229
Electricity, US Regulated | Baltimore Gas and Electric Company [Member]    
Operating revenues    
Revenue from Contract with Customer, Including Assessed Tax 780 735
Operating expenses    
Purchased power and/or fuel 343 285
Electricity, US Regulated | Pepco Holdings LLC [Member]    
Operating revenues    
Revenue from Contract with Customer, Including Assessed Tax 1,371 1,323
Operating expenses    
Purchased power and/or fuel 572 487
Electricity, US Regulated | Potomac Electric Power Company [Member]    
Operating revenues    
Revenue from Contract with Customer, Including Assessed Tax 670 620
Operating expenses    
Purchased power and/or fuel 258 174
Electricity, US Regulated | Delmarva Power and Light Company [Member]    
Operating revenues    
Revenue from Contract with Customer, Including Assessed Tax 366 348
Operating expenses    
Purchased power and/or fuel 166 137
Electricity, US Regulated | Atlantic City Electric Company [Member]    
Operating revenues    
Revenue from Contract with Customer, Including Assessed Tax 335 345
Operating expenses    
Purchased power and/or fuel 148 176
Natural Gas, US Regulated    
Operating revenues    
Revenue from Contract with Customer, Including Assessed Tax 822 817
Operating expenses    
Purchased power and/or fuel 358 338
Natural Gas, US Regulated | PECO Energy Co [Member]    
Operating revenues    
Revenue from Contract with Customer, Including Assessed Tax 316 306
Operating expenses    
Purchased power and/or fuel 154 145
Natural Gas, US Regulated | Baltimore Gas and Electric Company [Member]    
Operating revenues    
Revenue from Contract with Customer, Including Assessed Tax 409 424
Operating expenses    
Purchased power and/or fuel 149 151
Natural Gas, US Regulated | Pepco Holdings LLC [Member]    
Operating revenues    
Revenue from Contract with Customer, Including Assessed Tax 97 83
Operating expenses    
Purchased power and/or fuel 55 42
Natural Gas, US Regulated | Delmarva Power and Light Company [Member]    
Operating revenues    
Revenue from Contract with Customer, Including Assessed Tax 97 83
Operating expenses    
Purchased power and/or fuel $ 55 $ 42