Related Party Transactions (All Registrants)

12 Months Ended

Dec. 31, 2023

Related Party Transactions [Abstract]

Related-Party Transactions (All Registrants)

Related Party Transactions (All Registrants)

Utility Registrants' expense with Generation

The Utility Registrants incurred expenses from transactions with the Generation affiliate as described in the footnotes to the table below prior to separation on February 1, 2022. Such expenses were primarily recorded as Purchased power from affiliates and an immaterial amount recorded as Operating and maintenance expense from affiliates at the Utility Registrants:

	At December 31,
		2022		2021
ComEd(a)		$	59	$	376
PECO(b)		33		196
BGE(c)		18		236
PHI		51		366
Pepco(d)		39		270
DPL(e)		10		79
ACE(f)		2		17

__________

(a)ComEd had an ICC-approved RFP contract with Generation to provide a portion of ComEd’s electric supply requirements. ComEd also purchased RECs and ZECs from Generation.

(b)PECO received electric supply from Generation under contracts executed through PECO’s competitive procurement process. In addition, PECO had a ten-year agreement with Generation to sell solar AECs.

(c)BGE received a portion of its energy requirements from Generation under its MDPSC-approved market-based SOS and gas commodity programs.

(d)Pepco received electric supply from Generation under contracts executed through Pepco's competitive procurement process approved by the MDPSC and DCPSC.

(e)DPL received a portion of its energy requirements from Generation under its MDPSC and DEPSC approved market-based SOS commodity programs.

(f)ACE received electric supply from Generation under contracts executed through ACE's competitive procurement process approved by the NJBPU.

Service Company Costs for Corporate Support

The Registrants receive a variety of corporate support services from BSC. Pepco, DPL, and ACE also receive corporate support services from PHISCO. See Note 1 — Significant Accounting Policies for additional information regarding BSC and PHISCO.

The following table presents the service company costs allocated to the Registrants:

	Operating and maintenance from affiliates						Capitalized costs
	For the years ended December 31,						For the years ended December 31,
	2023		2022		2021		2023		2022		2021
Exelon
BSC							$	670	$	707	$	508
PHISCO							96		80		72
ComEd
BSC	$	353	$	316	$	304	307		311		207
PECO
BSC	213		197		169		120		115		81
BGE
BSC	221		204		189		90		122		92
PHI
BSC	177		188		168		153		159		128
PHISCO	—		—		—		95		80		72
Pepco
BSC	114		110		96		59		60		50
PHISCO	122		112		114		39		33		31
DPL
BSC	73		71		61		43		45		43
PHISCO	98		96		99		29		26		22
ACE
BSC	59		57		53		47		54		33
PHISCO	92		84		86		26		21		19

Current Receivables from/Payables to affiliates

The following tables present current Receivables from affiliates and current Payables to affiliates:

December 31, 2023

	Receivables from affiliates:
Payables to affiliates:	ComEd		PECO		BGE		Pepco		DPL		ACE		BSC		PHISCO		Other		Total
ComEd			$	—	$	—	$	—	$	—	$	—	$	64	$	—	$	8	$	72
PECO	$	—			—		—		—		—		36		—		3		39
BGE	—		—				—		—		—		33		—		2		35
PHI	—		—		—		—		—		—		5		—		10		15
Pepco	—		—		—				—		—		17		14		1		32
DPL	—		1		—		—				—		12		11		1		25
ACE	—		1		—		1		1				11		11		—		25
Other	3		—		—		1		—		3		1		—				8
Total	$	3	$	2	$	—	$	2	$	1	$	3	$	179	$	36	$	25	$	251

December 31, 2022

	Receivables from affiliates:
Payables to affiliates:	ComEd		PECO		BGE		Pepco		DPL		ACE		BSC		PHISCO		Other		Total
ComEd			$	—	$	—	$	—	$	—	$	—	$	66	$	—	$	8	$	74
PECO	$	—			—		—		—		—		39		—		3		42
BGE	—		—				—		—		—		38		—		1		39
PHI	—		—		—		—		—		—		4		—		10		14
Pepco	—		—		—				—		—		20		13		1		34
DPL	—		2		—		—				—		12		8		—		22
ACE	—		2		—		—		—				14		9		1		26
Other	3		—		—		—		—		1		—		—				4
Total	$	3	$	4	$	—	$	—	$	—	$	1	$	193	$	30	$	24	$	255

Borrowings from Exelon/PHI intercompany money pool

To provide an additional short-term borrowing option that will generally be more favorable to the borrowing participants than the cost of external financing both Exelon and PHI operate an intercompany money pool. PECO and PHI Corporate participate in the Exelon money pool. Pepco, DPL, and ACE participate in the PHI intercompany money pool.

Long-term Debt to Financing Trusts

The following table presents Long-term debt to financing trusts:

	At December 31,
	2023						2022
	Exelon		ComEd		PECO		Exelon		ComEd		PECO
ComEd Financing III	$	206	$	205	$	—	$	206	$	205	$	—
PECO Trust III	81		—		81		81		—		81
PECO Trust IV	103		—		103		103		—		103
Total	$	390	$	205	$	184	$	390	$	205	$	184