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Consolidated Balance Sheets (Unaudited) - ACE - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 720 $ 445
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
Inventory, net    
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
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
Long-term debt due within one year 503 1,403
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
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 12,199 11,956
Regulatory liabilities 9,706 9,576
Non-pension postretirement benefit obligations 523 527
Other 2,142 2,088
Total deferred credits and other liabilities 26,514 26,118
Total liabilities 77,150 75,791
Commitments and contingencies
Shareholders’ equity    
Common stock 21,129 21,114
Retained earnings 5,767 5,490
Total shareholders’ equity 26,061 25,755
Total liabilities and shareholders’ equity 103,211 101,546
Related Party    
Current liabilities    
Accounts payable 5 5
Nonrelated Party    
Current liabilities    
Accounts payable 2,814 2,846
Atlantic City Electric Company    
Current assets    
Cash and cash equivalents 27 21
Accounts receivable    
Customer accounts receivable 178 194
Customer allowance for credit losses (36) (36)
Customer accounts receivable, net 142 158
Other accounts receivable 115 92
Other allowance for credit losses (14) (14)
Other accounts receivable, net 101 78
Inventory, net    
Inventories, net 58 55
Regulatory assets 145 125
Other 7 5
Total current assets 484 445
Property, plant and equipment, net 4,232 4,192
Deferred debits and other assets    
Regulatory assets 497 483
Prepaid pension asset 6 3
Other 34 34
Total deferred debits and other assets 537 520
Total assets 5,253 5,157
Current liabilities    
Short-term borrowings 0 199
Long-term debt due within one year 154 154
Accrued expenses 45 42
Customer deposits 23 23
Regulatory liabilities 5 6
PPA termination obligation 31 49
Total current liabilities 620 702
Long-term debt 1,755 1,679
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 780 771
Regulatory liabilities 137 140
Non-pension postretirement benefit obligations 3 4
Other 58 49
Total deferred credits and other liabilities 978 964
Total liabilities 3,353 3,345
Commitments and contingencies
Shareholders’ equity    
Common stock 1,911 1,830
Retained earnings (11) (18)
Total shareholders’ equity 1,900 1,812
Total liabilities and shareholders’ equity 5,253 5,157
Atlantic City Electric Company | Related Party    
Accounts receivable    
Receivables from affiliates 4 3
Current liabilities    
Accounts payable 22 25
Other 134 0
Atlantic City Electric Company | Nonrelated Party    
Current liabilities    
Accounts payable 195 192
Other $ 11 $ 12