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Plant Retirements (Tables)

3 Months Ended

Mar. 31, 2012

Corporate Restructuring And Plant Retirements Tables [Abstract]

Total severance benefits costs, recorded as operating and maintenance expense

Severance benefits (a)		Exelon		Generation		ComEd (b)		PECO		BGE (c)
Severance charges (d)	$	67	$	35	$	9	$	3	$	14
Stock compensation		8		5		1		1		1
Other charges (e)		8		5		1		1		1
Total severance benefits	$	83	$	45	$	11	$	5	$	16

For Generation, ComEd, PECO and BGE, amounts include charges billed through intercompany allocations.
Pursuant to EIMA, ComEd established a regulatory asset of $11 million for severance benefits costs, which are expected to be recovered over a five-year period.
Consistent with prior MDPSC precedent, BGE established a regulatory asset of $16 million for severance benefits costs, and these costs are expected to be recovered over a five-year period.
Includes salary continuance and health and welfare severance benefits. For the three months ended March 31, 2012, amounts represent ongoing severance plan benefits. One-time termination benefits are expected to begin to be recognized in the second quarter of 2012.
Primarily includes life insurance, employer payroll taxes, educational assistance and outplacement services.

Activity of severance obligations for the corporate restructuring (excluding obligations recorded in equity)

Severance Benefits Obligation		Exelon and Generation
Balance at December 31, 2011	$	7
Cash payments		(1)

Balance at March 31, 2012	$	6

- Definition

Tabular disclosure of restructuring and related costs by type of restructuring including the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost.

+ References+ Details