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Statements of Operations and Comprehensive Income (Unaudited) - Pepco - 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
Gain (loss) on sale of assets and businesses 0 0 0 (2)
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 1,774
Related Party        
Operating expenses        
Purchased power from affiliate 0 0 0 159
Other income and (deductions)        
Interest expense to affiliates (6) (6) (18) (19)
Potomac Electric Power Company        
Operating revenues        
Revenues from alternative revenue programs (18) (8) 28 (15)
Total operating revenues 822 724 2,174 1,919
Operating expenses        
Operating and maintenance 89 69 264 214
Depreciation and amortization 112 99 329 312
Taxes other than income taxes 109 105 291 291
Total operating expenses 658 555 1,810 1,588
Operating income 164 169 364 331
Other income and (deductions)        
Interest expense, net (41) (37) (122) (111)
Other, net 18 14 50 39
Total other income and (deductions) (23) (23) (72) (72)
Income before income taxes 141 146 292 259
Income taxes 21 1 43 (2)
Net income 120 145 249 261
Comprehensive income 120 145 249 261
Potomac Electric Power Company | Related Party        
Operating revenues        
Operating revenues from affiliates 1 2 5 4
Operating expenses        
Purchased power from affiliate 0 0 0 39
Operating and maintenance from affiliates 60 52 176 166
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 | Potomac Electric Power Company        
Operating revenues        
Electric operating revenues 839 730 2,141 1,930
Operating expenses        
Purchased power and/or fuel 288 230 750 566
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