XML 44 R6.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Operations and Comprehensive Income (Unaudited) - PHI - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating revenues        
Revenues from alternative revenue programs $ 108 $ 64 $ 513 $ 92
Total operating revenues 5,980 4,845 16,360 14,412
Operating expenses        
Operating and maintenance 1,187 1,148 3,535 3,436
Depreciation and amortization 890 825 2,616 2,472
Taxes other than income taxes 383 377 1,063 1,061
Total operating expenses 4,857 3,834 13,429 11,804
Operating income 1,123 1,011 2,931 2,606
Other income and (deductions)        
Interest expense, net (431) (359) (1,259) (1,044)
Other, net 81 122 331 435
Total other income and (deductions) (356) (243) (946) (628)
Income before income taxes 767 768 1,985 1,978
Income taxes 67 92 274 356
Net income 700 676 1,711 1,739
Comprehensive income 734 685 1,753 1,773
Related Party        
Operating expenses        
Purchased power from affiliate 0 0 0 159
Pepco Holdings LLC        
Operating revenues        
Revenues from alternative revenue programs (15) (11) 59 (33)
Total operating revenues 1,773 1,598 4,615 4,223
Operating expenses        
Operating and maintenance 288 237 815 729
Depreciation and amortization 257 238 741 697
Taxes other than income taxes 134 129 366 362
Total operating expenses 1,440 1,254 3,864 3,535
Operating income 333 344 751 688
Other income and (deductions)        
Interest expense, net (80) (72) (238) (216)
Other, net 28 19 80 56
Total other income and (deductions) (52) (53) (158) (160)
Income before income taxes 281 291 593 528
Income taxes 49 2 103 10
Net income 232 289 490 518
Comprehensive income 232 289 490 518
Pepco Holdings LLC | Related Party        
Operating revenues        
Operating revenues from affiliates 2 3 7 9
Operating expenses        
Purchased power from affiliate 0 0 0 50
Operating and maintenance from affiliates 51 40 137 138
Electricity, US Regulated        
Operating revenues        
Electric operating revenues 5,684 4,557 14,579 12,972
Operating expenses        
Purchased power and/or fuel 2,364 1,404 5,766 4,152
Electricity, US Regulated | Pepco Holdings LLC        
Operating revenues        
Electric operating revenues 1,762 1,568 4,399 4,090
Operating expenses        
Purchased power and/or fuel 701 586 1,729 1,474
Natural Gas, US Regulated        
Operating revenues        
Electric operating revenues 188 224 1,268 1,348
Operating expenses        
Purchased power and/or fuel 33 80 449 524
Natural Gas, US Regulated | Pepco Holdings LLC        
Operating revenues        
Electric operating revenues 24 38 150 157
Operating expenses        
Purchased power and/or fuel $ 9 $ 24 $ 76 $ 85