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Consolidated Balance Sheets - ACE - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 445 $ 407
Restricted cash and cash equivalents 482 566
Accounts receivable    
Customer accounts receivable 2,659 2,544
Customer allowance for credit losses (317) (327)
Customer accounts receivable, net 2,342 2,217
Other accounts receivable 1,101 1,426
Other allowance for credit losses (82) (82)
Other accounts receivable, net 1,019 1,344
Inventories, net    
Regulatory assets 2,215 1,641
Other 473 406
Total current assets 7,777 7,336
Property, plant and equipment, net 73,593 69,076
Deferred debits and other assets    
Regulatory assets 8,698 8,037
Total deferred debits and other assets 20,176 18,937
Total assets 101,546 95,349
Current liabilities    
Short-term borrowings 2,523 2,586
Long-term debt due within one year 1,403 1,802
Accrued expenses 1,375 1,226
Regulatory liabilities 389 437
Other 968 1,155
Total current liabilities 9,591 10,611
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 11,956 11,250
Regulatory liabilities 9,576 9,112
Non-pension postretirement benefit obligations 527 507
Other 2,088 1,967
Total deferred credits and other liabilities 26,118 24,332
Total liabilities 75,791 70,605
Commitments and contingencies
Shareholders’ equity    
Common stock 21,114 20,908
Retained earnings 5,490 4,597
Total shareholders’ equity 25,755 24,744
Total liabilities and member's equity 101,546 95,349
Related Party    
Current liabilities    
Accounts payable 5 5
Nonrelated Party    
Deferred debits and other assets    
Other 1,365 1,141
Current liabilities    
Accounts payable 2,846 3,382
Long-term debt 39,692 35,272
Atlantic City Electric Company    
Current assets    
Cash and cash equivalents 21 72
Restricted cash and cash equivalents 0 0
Accounts receivable    
Customer accounts receivable 194 179
Customer allowance for credit losses (36) (41)
Customer accounts receivable, net 158 138
Other accounts receivable 92 70
Other allowance for credit losses (14) (14)
Other accounts receivable, net 78 56
Inventories, net    
Inventories, net 55 43
Regulatory assets 125 130
Other 5 3
Total current assets 445 443
Property, plant and equipment, net 4,192 3,990
Deferred debits and other assets    
Regulatory assets 483 494
Prepaid pension asset 3 18
Other 34 34
Total deferred debits and other assets 520 546
Total assets 5,157 4,979
Current liabilities    
Short-term borrowings 199 0
Long-term debt due within one year 154 3
Accrued expenses 42 47
Customer deposits 23 21
Regulatory liabilities 6 26
PPA Termination Obligation 49 87
Other 12 58
Total current liabilities 702 474
Long-term debt 1,679 1,754
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 771 734
Regulatory liabilities 140 156
Non-pension postretirement benefit obligations 4 8
Other 49 100
Total deferred credits and other liabilities 964 998
Total liabilities 3,345 3,226
Commitments and contingencies
Shareholders’ equity    
Common stock 1,830 1,765
Retained earnings (18) (12)
Total shareholders’ equity 1,812 1,753
Total liabilities and member's equity 5,157 4,979
Atlantic City Electric Company | Related Party    
Accounts receivable    
Receivable from affiliates 3 1
Current liabilities    
Accounts payable 25 26
Atlantic City Electric Company | Nonrelated Party    
Current liabilities    
Accounts payable $ 192 $ 206