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Consolidated Balance Sheets (Unaudited) - PECO - USD ($)
shares in Millions, $ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 720 $ 445
Restricted cash and cash equivalents 489 482
Accounts receivable    
Customer accounts receivable 2,896 2,659
Customer allowance for credit losses (346) (317)
Customer accounts receivable, net 2,550 2,342
Other accounts receivable 1,131 1,101
Other allowance for credit losses (96) (82)
Other accounts receivable, net 1,035 1,019
Inventories, net    
Fossil fuel 37 94
Materials and supplies 751 707
Regulatory assets 2,035 2,215
Other 595 473
Total current assets 8,212 7,777
Property, plant and equipment, net 74,604 73,593
Deferred debits and other assets    
Regulatory assets 8,701 8,698
Receivable related to Regulatory Agreement Units 3,382 3,232
Investments 263 251
Other 1,419 1,365
Total deferred debits and other assets 20,395 20,176
Total assets 103,211 101,546
Current liabilities    
Short-term borrowings 2,206 2,523
Accrued expenses 1,076 1,375
Customer deposits 419 411
Regulatory liabilities 400 389
Other 516 557
Total current liabilities 7,975 9,591
Long-term debt 42,271 39,692
Long-term debt to financing trusts 390 390
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 12,199 11,956
Regulatory liabilities 9,706 9,576
Asset retirement obligations 270 267
Pension obligations 1,569 1,571
Non-pension postretirement benefit obligations 523 527
Mark-to-market derivative liabilities 80 106
Unamortized energy contract liabilities 25 27
Other 2,142 2,088
Total deferred credits and other liabilities 26,514 26,118
Total liabilities 77,150 75,791
Commitments and contingencies
Common stock (in dollars) $ 0 $ 0
Common stock, shares authorized (in shares) 2,000 2,000
Common stock, shares outstanding (in shares) 1,000 999
Shareholders’ equity    
Common stock $ 21,129 $ 21,114
Treasury stock, common (in shares) 2 2
Treasury stock, at cost $ (123) $ (123)
Accumulated other comprehensive loss, net (712) (726)
Retained earnings 5,767 5,490
Total shareholders’ equity 26,061 25,755
Members' Equity [Abstract]    
Total liabilities and shareholders’ equity 103,211 101,546
Related Party    
Current liabilities    
Accounts payable 5 5
Long-term debt to financing trusts 390 390
Nonrelated Party    
Current liabilities    
Accounts payable 2,814 2,846
PECO Energy Co    
Current assets    
Cash and cash equivalents 39 42
Restricted cash and cash equivalents 9 9
Accounts receivable    
Customer accounts receivable 562 527
Customer allowance for credit losses (107) (95)
Customer accounts receivable, net 455 432
Other accounts receivable 160 117
Other allowance for credit losses (13) (8)
Other accounts receivable, net 147 109
Inventories, net    
Fossil fuel 22 50
Materials and supplies 76 67
Prepaid utility taxes 128 2
Regulatory assets 128 127
Other 78 63
Total current assets 1,082 903
Property, plant and equipment, net 13,399 13,128
Deferred debits and other assets    
Regulatory assets 834 793
Receivable related to Regulatory Agreement Units 304 278
Investments 37 35
Prepaid pension asset 432 429
Total deferred debits and other assets 1,635 1,564
Total assets 16,116 15,595
Current liabilities    
Short-term borrowings 0 165
Accrued expenses 198 236
Customer deposits 78 79
Renewable energy credits, current 54 36
Regulatory liabilities 83 92
Total current liabilities 1,009 1,182
Long-term debt 5,134 5,134
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 2,349 2,321
Regulatory liabilities 340 314
Asset retirement obligations 27 26
Non-pension postretirement benefit obligations 287 286
Other 88 79
Total deferred credits and other liabilities 3,091 3,026
Total liabilities 9,418 9,526
Commitments and contingencies
Shareholders’ equity    
Common stock 4,630 4,050
Retained earnings 2,068 2,019
Total shareholders’ equity 6,698 6,069
Members' Equity [Abstract]    
Total liabilities and shareholders’ equity 16,116 15,595
PECO Energy Co | Related Party    
Accounts receivable    
Receivables from affiliates 0 2
Current liabilities    
Accounts payable 41 39
Long-term debt to financing trusts 184 184
PECO Energy Co | Nonrelated Party    
Deferred debits and other assets    
Other 28 29
Current liabilities    
Accounts payable 524 512
Other $ 31 $ 23