Accounts Receivable (All Registrants)

9 Months Ended

Sep. 30, 2023

Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]

Allowance for Credit Losses on Accounts Receivable

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


	Three Months Ended September 30, 2023
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance at June 30, 2023	$	323	$	67	$	101	$	50	$	105	$	50	$	21	$	34
Plus: Current period provision for expected credit losses(a)	72		24		13		9		26		11		6		9
Less: Write-offs, net of recoveries(b)	54		15		19		7		13		5		4		4
Balance at September 30, 2023	$	341	$	76	$	95	$	52	$	118	$	56	$	23	$	39

	Three Months Ended September 30, 2022
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance at June 30, 2022	$	354	$	81	$	107	$	57	$	109	$	42	$	22	$	45
Plus: Current period provision for expected credit losses	38		10		12		2		14		6		1		7
Less: Write-offs, net of recoveries	51		17		16		5		12		4		3		5
Balance at September 30, 2022	$	341	$	74	$	103	$	54	$	111	$	44	$	20	$	47

	Nine Months Ended September 30, 2023
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance at December 31, 2022	$	327	$	59	$	105	$	54	$	109	$	47	$	21	$	41
Plus: Current period provision for expected credit losses(c)(d)	144		45		32		23		44		24		10		10
Less: Write-offs, net(e)(f)(g)of recoveries(b)	130		28		42		25		35		15		8		12
Balance at September 30, 2023	$	341	$	76	$	95	$	52	$	118	$	56	$	23	$	39

	Nine Months Ended September 30, 2022
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance at December 31, 2021	$	320	$	73	$	105	$	38	$	104	$	37	$	18	$	49
Plus: Current period provision for expected credit losses	141		31		33		30		47		23		8		16
Less: Write-offs, net of recoveries	120		30		35		14		40		16		6		18
Balance at September 30, 2022	$	341	$	74	$	103	$	54	$	111	$	44	$	20	$	47

__________

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

(b)Recoveries were not material to the Registrants.

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

(d)For BGE and ACE, the change in current period provision for expected credit losses is primarily a result of changes in customer risk profile.

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

(f)For DPL, the change in write-offs is primarily attributable to unfavorable customer payment behavior.

(g)For ACE, the change in write-offs is primarily attributable to the termination of the moratorium in New Jersey, which beginning in March 2020, prevented customer disconnections for non-payment. Disconnection activities resumed in January 2022, driving the change in write-offs of aging accounts receivable for the nine months ended September 20, 2023.

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


	Three Months Ended September 30, 2023
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance at June 30, 2023	$	87	$	18	$	8	$	8	$	53	$	31	$	9	$	13
Plus: Current period provision (benefit) for expected credit losses	6		3		2		3		(2)		(2)		—		—
Less: Write-offs, net of recoveries(a)	5		1		2		2		—		—		—		—
Balance at September 30, 2023	$	88	$	20	$	8	$	9	$	51	$	29	$	9	$	13

	Three Months Ended September 30, 2022
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance at June 30, 2022	$	81	$	18	$	10	$	11	$	42	$	20	$	8	$	14
Plus: Current period provision (benefit) for expected credit losses	8		2		2		2		2		2		(1)		1
Less: Write-offs, net of recoveries	5		2		1		1		1		—		—		1
Balance at September 30, 2022	$	84	$	18	$	11	$	12	$	43	$	22	$	7	$	14

	Nine Months Ended September 30, 2023
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance at December 31, 2022	$	82	$	17	$	9	$	10	$	46	$	25	$	7	$	14
Plus: Current period provision for expected credit losses	21		6		3		5		7		4		2		1
Less: Write-offs, net of recoveries(a)	15		3		4		6		2		—		—		2
Balance at September 30, 2023	$	88	$	20	$	8	$	9	$	51	$	29	$	9	$	13

	Nine Months Ended September 30, 2022
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance at December 31, 2021	$	72	$	17	$	7	$	9	$	39	$	16	$	8	$	15
Plus: Current period provision (benefit) for expected credit losses	24		5		6		6		7		6		(1)		2
Less: Write-offs, net of recoveries	12		4		2		3		3		—		—		3
Balance at September 30, 2022	$	84	$	18	$	11	$	12	$	43	$	22	$	7	$	14

__________

(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 at September 30, 2023 and December 31, 2022.


	Unbilled customer revenues(a)
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
September 30, 2023	$	740	$	279	$	135	$	118	$	208	$	100	$	44	$	64
December 31, 2022	912		223		219		247		223		103		74		46

__________

(a)Unbilled customer revenues are classified in Customer accounts receivable, 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, Delaware, 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 table presents the total receivables purchased.


	Total receivables purchased
	Exelon			ComEd		PECO		BGE			PHI		Pepco		DPL		ACE
Nine months ended September 30, 2023	$	3,124		$	726	$	843	$	628		$	927	$	600	$	174	$	153
Nine months ended September 30, 2022	3,088		(a)	753		832		607		(a)	896		559		168		169

__________

(a)Includes $4 million of receivables purchased from Generation prior to the separation on February 1, 2022 for the nine months ended September 30, 2022.