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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, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating revenues        
Revenues from alternative revenue programs $ 126 $ (2) $ 404 $ 27
Total operating revenues 4,818 4,239 10,380 9,566
Operating expenses        
Depreciation and amortization 866 830 1,727 1,647
Taxes other than income taxes 324 330 679 684
Total operating expenses 4,114 3,543 8,571 7,971
Gain (loss) on sale of assets and businesses 0 (2) 0 (2)
Operating income (loss) 704 694 1,809 1,593
Other income and (deductions)        
Interest expense, net (421) (352) (828) (684)
Other, net 139 175 249 313
Total other income and (deductions) (288) (183) (591) (384)
Income (Loss) before income taxes 416 511 1,218 1,209
Income taxes 73 46 206 263
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 343 465 1,012 946
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 0 0 0 117
Net income (loss) 343 465 1,012 1,063
Net income (loss) attributable to noncontrolling interests 0 0 0 1
Net Income (Loss) Available to Common Stockholders, Basic 343 465 1,012 1,062
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic 343 465 1,012 946
Net Income (Loss) from Discontinued Operations Available to Common Shareholders, Basic 0 0 0 116
Other comprehensive income, net of income taxes        
Prior service benefit reclassified to periodic benefit cost 0 2 0 2
Actuarial loss reclassified to periodic benefit cost 3 10 6 24
Pension and non-pension postretirement benefit plans valuation adjustment (3) 0 (13) 0
Unrealized Gain (Loss) on Cash Flow Hedging Instruments 9 0 15 0
Other comprehensive income 9 12 8 26
Comprehensive income 352 477 1,020 1,089
Comprehensive income attributable to noncontrolling interests 0 0 0 1
Comprehensive income attributable to common shareholders/membership interest $ 352 $ 477 $ 1,020 $ 1,088
Average shares of common stock outstanding:        
Basic average shares of common stock outstanding 995 981 995 981
Assumed exercise and/or distributions of stock-based awards 1 1 1 1
Diluted average shares of common stock outstanding 996 982 996 982
Earnings Per Share [Abstract]        
Income (Loss) from Continuing Operations, Per Basic Share $ 0.34 $ 0.47 $ 1.02 $ 0.96
Income (Loss) from Continuing Operations, Per Diluted Share 0.34 0.47 1.02 0.96
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share 0 0 0 0.12
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share $ 0 $ 0 $ 0 $ 0.12
Related Party        
Operating expenses        
Purchased power and/or fuel from affiliates $ 0 $ 0 $ 0 $ 159
Other income and (deductions)        
Interest Expense, Other (6) (6) (12) (13)
Nonrelated Party        
Operating expenses        
Operating and maintenance 1,197 1,109 2,347 2,288
Commonwealth Edison Co [Member]        
Operating revenues        
Revenues from alternative revenue programs 118 35 270 75
Total operating revenues 1,901 1,425 3,568 3,158
Operating expenses        
Depreciation and amortization 350 328 688 649
Taxes other than income taxes 88 90 182 185
Total operating expenses 1,478 1,039 2,734 2,444
Gain (loss) on sale of assets and businesses 0 (2) 0 (2)
Operating income (loss) 423 384 834 712
Other income and (deductions)        
Interest expense, net (117) (101) (230) (197)
Other, net 17 13 34 26
Total other income and (deductions) (103) (91) (203) (178)
Income (Loss) before income taxes 320 293 631 534
Income taxes 71 66 142 119
Net income (loss) 249 227 489 415
Other comprehensive income, net of income taxes        
Comprehensive income 249 227 489 415
Commonwealth Edison Co [Member] | Related Party        
Operating revenues        
Revenues from Related Parties 2 3 5 8
Operating expenses        
Purchased power and/or fuel from affiliates 0 0 0 59
Operating and maintenance 88 80 171 166
Other income and (deductions)        
Interest Expense, Other (3) (3) (7) (7)
Commonwealth Edison Co [Member] | Nonrelated Party        
Operating expenses        
Operating and maintenance 267 258 521 523
PECO Energy Co [Member]        
Operating revenues        
Revenues from alternative revenue programs (5) 0 (10) 6
Total operating revenues 828 816 1,940 1,863
Operating expenses        
Depreciation and amortization 99 93 197 185
Taxes other than income taxes 47 48 97 95
Total operating expenses 687 639 1,590 1,432
Operating income (loss) 141 177 350 431
Other income and (deductions)        
Interest expense, net (45) (40) (90) (78)
Other, net 6 8 15 16
Total other income and (deductions) (42) (35) (82) (68)
Income (Loss) before income taxes 99 142 268 363
Income taxes 2 9 5 24
Net income (loss) 97 133 263 339
Other comprehensive income, net of income taxes        
Comprehensive income 97 133 263 339
PECO Energy Co [Member] | Related Party        
Operating revenues        
Revenues from Related Parties 2 1 4 2
Operating expenses        
Purchased power and/or fuel from affiliates 0 0 0 33
Operating and maintenance 53 47 105 99
Other income and (deductions)        
Interest Expense, Other (3) (3) (7) (6)
PECO Energy Co [Member] | Nonrelated Party        
Operating expenses        
Operating and maintenance 186 168 405 364
Baltimore Gas and Electric Company [Member]        
Operating revenues        
Revenues from alternative revenue programs 4 (20) 70 (32)
Total operating revenues 797 786 2,053 1,940
Operating expenses        
Depreciation and amortization 158 152 325 322
Taxes other than income taxes 76 71 159 148
Total operating expenses 704 717 1,667 1,636
Operating income (loss) 93 69 386 304
Other income and (deductions)        
Interest expense, net (44) (36) (88) (71)
Other, net 5 5 8 11
Total other income and (deductions) (39) (31) (80) (60)
Income (Loss) before income taxes 54 38 306 244
Income taxes 12 1 65 10
Net income (loss) 42 37 241 234
Other comprehensive income, net of income taxes        
Comprehensive income 42 37 241 234
Baltimore Gas and Electric Company [Member] | Related Party        
Operating revenues        
Revenues from Related Parties 2 3 4 10
Operating expenses        
Purchased power and/or fuel from affiliates 0 0 0 18
Operating and maintenance 54 51 108 102
Baltimore Gas and Electric Company [Member] | Nonrelated Party        
Operating expenses        
Operating and maintenance 144 154 311 321
Pepco Holdings LLC [Member]        
Operating revenues        
Revenues from alternative revenue programs 9 (17) 74 (22)
Total operating revenues 1,305 1,221 2,841 2,626
Operating expenses        
Depreciation and amortization 243 240 484 459
Taxes other than income taxes 112 114 232 233
Total operating expenses 1,126 1,066 2,423 2,282
Operating income (loss) 179 155 418 344
Other income and (deductions)        
Interest expense, net (81) (73) (157) (143)
Other, net 25 19 51 37
Total other income and (deductions) (56) (54) (106) (106)
Income (Loss) before income taxes 123 101 312 238
Income taxes 20 1 54 8
Net income (loss) 103 100 258 230
Other comprehensive income, net of income taxes        
Comprehensive income attributable to common shareholders/membership interest 103 100 258 230
Pepco Holdings LLC [Member] | Related Party        
Operating revenues        
Revenues from Related Parties 2 2 4 6
Operating expenses        
Purchased power and/or fuel from affiliates 0 0 0 50
Operating and maintenance 44 47 86 98
Pepco Holdings LLC [Member] | Nonrelated Party        
Operating expenses        
Operating and maintenance 260 245 527 493
Potomac Electric Power Company [Member]        
Operating revenues        
Revenues from alternative revenue programs 7 (1) 46 (7)
Total operating revenues 642 581 1,351 1,195
Operating expenses        
Depreciation and amortization 109 105 216 213
Taxes other than income taxes 88 92 183 186
Total operating expenses 541 487 1,151 1,034
Operating income (loss) 101 94 200 161
Other income and (deductions)        
Interest expense, net (43) (38) (81) (74)
Other, net 16 13 33 26
Total other income and (deductions) (27) (25) (48) (48)
Income (Loss) before income taxes 74 69 152 113
Income taxes 10 (1) 22 (3)
Net income (loss) 64 70 130 116
Other comprehensive income, net of income taxes        
Comprehensive income 64 70 130 116
Potomac Electric Power Company [Member] | Related Party        
Operating revenues        
Revenues from Related Parties 2 2 3 2
Operating expenses        
Purchased power and/or fuel from affiliates 0 0 0 39
Operating and maintenance 58 56 115 115
Potomac Electric Power Company [Member] | Nonrelated Party        
Operating expenses        
Operating and maintenance 82 72 175 145
Delmarva Power and Light Company [Member]        
Operating revenues        
Revenues from alternative revenue programs 3 (2) 12 (3)
Total operating revenues 349 332 823 763
Operating expenses        
Depreciation and amortization 60 56 121 113
Taxes other than income taxes 18 17 37 35
Total operating expenses 305 296 693 653
Operating income (loss) 44 36 130 110
Other income and (deductions)        
Interest expense, net (18) (17) (36) (33)
Other, net 4 4 8 6
Total other income and (deductions) (14) (13) (28) (27)
Income (Loss) before income taxes 30 23 102 83
Income taxes 5 2 17 6
Net income (loss) 25 21 85 77
Other comprehensive income, net of income taxes        
Comprehensive income 25 21 85 77
Delmarva Power and Light Company [Member] | Related Party        
Operating revenues        
Revenues from Related Parties 2 2 3 3
Operating expenses        
Purchased power and/or fuel from affiliates 0 0 0 10
Operating and maintenance 43 43 84 84
Delmarva Power and Light Company [Member] | Nonrelated Party        
Operating expenses        
Operating and maintenance 45 45 91 97
Atlantic City Electric Company [Member]        
Operating revenues        
Revenues from alternative revenue programs (1) (15) 16 (12)
Total operating revenues 317 309 670 658
Operating expenses        
Depreciation and amortization 68 72 135 118
Taxes other than income taxes 3 2 4 4
Total operating expenses 280 283 577 593
Operating income (loss) 37 26 93 65
Other income and (deductions)        
Interest expense, net (17) (17) (34) (32)
Other, net 4 2 9 5
Total other income and (deductions) (13) (15) (25) (27)
Income (Loss) before income taxes 24 11 68 38
Income taxes 6 0 17 1
Net income (loss) 18 11 51 37
Other comprehensive income, net of income taxes        
Comprehensive income 18 11 51 37
Atlantic City Electric Company [Member] | Related Party        
Operating revenues        
Revenues from Related Parties 1 1 1 2
Operating expenses        
Purchased power and/or fuel from affiliates 0 0 0 2
Operating and maintenance 37 36 74 73
Atlantic City Electric Company [Member] | Nonrelated Party        
Operating expenses        
Operating and maintenance 48 50 91 97
Electricity, US Regulated        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 4,434 3,934 8,896 8,415
Operating expenses        
Purchased power and/or fuel 1,669 1,167 3,402 2,748
Electricity, US Regulated | Commonwealth Edison Co [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 1,781 1,387 3,293 3,075
Operating expenses        
Purchased power and/or fuel 685 283 1,172 862
Electricity, US Regulated | PECO Energy Co [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 723 707 1,521 1,441
Operating expenses        
Purchased power and/or fuel 267 244 597 472
Electricity, US Regulated | Baltimore Gas and Electric Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 670 642 1,449 1,377
Operating expenses        
Purchased power and/or fuel 261 241 604 526
Electricity, US Regulated | Pepco Holdings LLC [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 1,265 1,199 2,637 2,522
Operating expenses        
Purchased power and/or fuel 455 401 1,027 888
Electricity, US Regulated | Potomac Electric Power Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 633 580 1,302 1,200
Operating expenses        
Purchased power and/or fuel 204 162 462 336
Electricity, US Regulated | Delmarva Power and Light Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 315 295 682 643
Operating expenses        
Purchased power and/or fuel 127 116 293 253
Electricity, US Regulated | Atlantic City Electric Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 317 323 653 668
Operating expenses        
Purchased power and/or fuel 124 123 273 299
Natural Gas, US Regulated        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 258 307 1,080 1,124
Operating expenses        
Purchased power and/or fuel 58 107 416 445
Natural Gas, US Regulated | PECO Energy Co [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 108 108 425 414
Operating expenses        
Purchased power and/or fuel 35 39 189 184
Natural Gas, US Regulated | Baltimore Gas and Electric Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 121 161 530 585
Operating expenses        
Purchased power and/or fuel 11 48 160 199
Natural Gas, US Regulated | Pepco Holdings LLC [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 29 37 126 120
Operating expenses        
Purchased power and/or fuel 12 19 67 61
Natural Gas, US Regulated | Delmarva Power and Light Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 29 37 126 120
Operating expenses        
Purchased power and/or fuel $ 12 $ 19 $ 67 $ 61