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Consolidated Statements of Cash Flows - ACE - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Net income $ 2,328 $ 2,171 $ 1,829
Adjustments to reconcile net income to net cash flows used in operating activities:      
Depreciation and amortization 3,506 3,533 7,573
Deferred income taxes and amortization of investment tax credits 319 255 18
Other non-cash operating activities (335) 370 (200)
Changes in assets and liabilities:      
Accounts receivable (37) (1,222) (703)
Inventories (45) (121) (141)
Accounts payable and accrued expenses (191) 1,318 440
Collateral (paid) received, net (146) 1,248 (74)
Income taxes 48 (4) 327
Regulatory assets and liabilities, net 439 1,326 634
Pension and non-pension postretirement benefit contributions (129) (616) (665)
Other assets and liabilities (188) (905) (3,777)
Net cash flows provided by operating activities 4,703 4,870 3,012
Cash flows from investing activities      
Capital expenditures (7,408) (7,147) (7,981)
Other investing activities 8 0 26
Net cash flows used in investing activities (7,375) (6,990) (3,317)
Cash flows from financing activities      
Changes in short-term borrowings (313) 986 269
Issuance of long-term debt 5,825 6,309 3,481
Retirement of long-term debt (1,713) (2,073) (1,640)
Dividends paid on common stock (1,433) (1,334) (1,497)
Other financing activities (114) (102) (80)
Net cash flows provided by financing activities 2,683 1,591 758
(Decrease) increase in cash, restricted cash, and cash equivalents 11 (529) 453
Cash, restricted cash, and cash equivalents at beginning of period 1,090 1,619 1,166
Cash, restricted cash, and cash equivalents at end of period 1,101 1,090 1,619
Atlantic City Electric Company      
Cash flows from operating activities      
Net income 120 148 146
Adjustments to reconcile net income to net cash flows used in operating activities:      
Depreciation and amortization 283 261 179
Deferred income taxes and amortization of investment tax credits 27 (2) (15)
Other non-cash operating activities 0 46 0
Changes in assets and liabilities:      
Accounts receivable (57) (19) (37)
Inventories (12) (7) 1
Accounts payable and accrued expenses 27 (9) 3
Collateral (paid) received, net (50) 46 4
Income taxes 0 11 0
Regulatory assets and liabilities, net (47) (19) 24
Pension and non-pension postretirement benefit contributions (3) (7) (3)
Other assets and liabilities (83) (61) (11)
Net cash flows provided by operating activities 201 384 295
Cash flows from investing activities      
Capital expenditures (460) (398) (445)
Other investing activities 0 1 1
Net cash flows used in investing activities (460) (397) (444)
Cash flows from financing activities      
Changes in short-term borrowings 199 (144) (43)
Issuance of long-term debt 75 175 425
Retirement of long-term debt 0 0 (260)
Dividends paid on common stock (126) (145) (288)
Contributions from parent 65 175 319
Other financing activities (5) (5) (5)
Net cash flows provided by financing activities 208 56 148
(Decrease) increase in cash, restricted cash, and cash equivalents (51) 43 (1)
Cash, restricted cash, and cash equivalents at beginning of period 72 29 30
Cash, restricted cash, and cash equivalents at end of period 21 72 29
Atlantic City Electric Company | Related Party      
Changes in assets and liabilities:      
Receivables from and payables to affiliates, net $ (4) $ (4) $ 4