Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2023

Related Party Transactions [Abstract]

Utility Registrants' expense with Generation

The Utility Registrants incurred expenses from transactions with the Generation affiliate as described in the footnotes to the table below prior to separation on February 1, 2022. Such expenses were primarily recorded as Purchased power from affiliate and an immaterial amount recorded as Operating and maintenance expense from affiliates at the Utility Registrants. Effective February 1, 2022, Generation is no longer considered a related party.

	Three Months Ended March 31,
	2022
ComEd(a)	$	59
PECO(b)	33
BGE(c)	18
PHI	51
Pepco(d)	39
DPL(e)	10
ACE(f)	2

__________

(a)ComEd had an ICC-approved RFP contract with Generation to provide a portion of ComEd’s electric supply requirements. ComEd also purchased RECs and ZECs from Generation.

(b)PECO received electric supply from Generation under contracts executed through PECO’s competitive procurement process. In addition, PECO had a ten-year agreement with Generation to sell solar AECs.

(c)BGE received a portion of its energy requirements from Generation under its MDPSC-approved market-based SOS and gas commodity programs.

(d)Pepco received electric supply from Generation under contracts executed through Pepco's competitive procurement process approved by the MDPSC and DCPSC.

(e)DPL received a portion of its energy requirements from Generation under its MDPSC and DEPSC approved market-based SOS commodity programs.

(f)ACE received electric supply from Generation under contracts executed through ACE's competitive procurement process approved by the NJBPU.

BSC and PHISCO Service Companies

The following table presents the service company costs allocated to the Registrants:

	Operating and maintenance from affiliates				Capitalized costs
	Three Months Ended March 31,				Three Months Ended March 31,
	2023		2022		2023		2022
Exelon
BSC					$	175	$	205
PHISCO					24		19
ComEd
BSC	$	83	$	85	81		85
PECO
BSC	51		49		30		36
BGE
BSC	54		51		24		38
PHI
BSC	42		50		40		46
PHISCO	—		—		24		19
Pepco
BSC	27		29		14		17
PHISCO	30		29		11		8
DPL
BSC	17		18		10		14
PHISCO	24		24		7		6
ACE
BSC	14		15		14		15
PHISCO	22		21		6		5

Current Receivables From/Payables To Affiliates

The following tables present current Receivables from affiliates and current Payables to affiliates:

March 31, 2023

	Receivables from affiliates:
Payables to affiliates:	ComEd		PECO		BGE		Pepco		DPL		ACE		BSC		PHISCO		Other		Total
ComEd			$	—	$	—	$	—	$	—	$	—	$	78	$	—	$	6	$	84
PECO	$	—			—		—		—		1		39		—		8		48
BGE	—		—				—		—		—		35		—		2		37
PHI	—		—		—		—		—		—		7		—		10		17
Pepco	—		—		—				—		—		22		15		1		38
DPL	—		1		—		—				—		13		12		—		26
ACE	—		1		—		1		—				13		11		—		26
Other	3		—		—		—		—		1		—		1				5
Total	$	3	$	2	$	—	$	1	$	—	$	2	$	207	$	39	$	27	$	281

December 31, 2022

	Receivables from affiliates:
Payables to affiliates:	ComEd		PECO		BGE		Pepco		DPL		ACE		BSC		PHISCO		Other		Total
ComEd			$	—	$	—	$	—	$	—	$	—	$	66	$	—	$	8	$	74
PECO	$	—			—		—		—		—		39		—		3		42
BGE	—		—				—		—		—		38		—		1		39
PHI	—		—		—		—		—		—		4		—		10		14
Pepco	—		—		—				—		—		20		13		1		34
DPL	—		2		—		—				—		12		8		—		22
ACE	—		2		—		—		—				14		9		1		26
Other	3		—		—		—		—		1		—		—				4
Total	$	3	$	4	$	—	$	—	$	—	$	1	$	193	$	30	$	24	$	255

Long Term Debt to Financing Trusts

The following table presents Long-term debt to financing trusts:

	March 31, 2023						December 31, 2022
	Exelon		ComEd		PECO		Exelon		ComEd		PECO
ComEd Financing III	$	206	$	205	$	—	$	206	$	205	$	—
PECO Trust III	81		—		81		81		—		81
PECO Trust IV	103		—		103		103		—		103
Total	$	390	$	205	$	184	$	390	$	205	$	184