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Consolidated Balance Sheets (Unaudited) (USD $)
Mar. 31, 2012
Dec. 31, 2011
Current assets    
Cash and cash equivalents $ 721,000,000 $ 1,016,000,000
Restricted cash and cash equivalents of variable interest entity 67,000,000  
Restricted cash and investments 43,000,000 40,000,000
Accounts receivable, net    
Customer 2,868,000,000 1,613,000,000
Other 1,339,000,000 1,000,000,000
Accounts receivable of variable interest entities 241,000,000  
Mark-to-market derivative assets 1,491,000,000 432,000,000
Mark-to-market derivative assets with affiliates 0 0
Unamortized energy contracts assets 1,699,000,000 13,000,000
Inventories, net    
Fossil fuel 202,000,000 208,000,000
Materials and supplies 740,000,000 656,000,000
Deferred income taxes 0 0
Regulatory assets 846,000,000 390,000,000
Other 1,558,000,000 345,000,000
Total current assets 11,815,000,000 5,713,000,000
Property, plant and equipment, net 42,105,000,000 32,570,000,000
Deferred debits and other assets    
Regulatory assets 6,168,000,000 4,518,000,000
Nuclear decommissioning trust funds 6,927,000,000 6,507,000,000
Investments 827,000,000 751,000,000
Investments in affiliates 362,000,000 15,000,000
Investment in CENG 2,046,000,000 0
Goodwill 2,625,000,000 2,625,000,000
Mark-to-market derivative assets 1,389,000,000 650,000,000
Mark-to-market derivative assets with affiliates 0 0
Unamortized energy contracts assets 1,530,000,000 388,000,000
Pledged assets for Zion Station decommissioning 708,000,000 734,000,000
Other 1,126,000,000 524,000,000
Total deferred debits and other assets 23,708,000,000 16,712,000,000
Total assets 77,628,000,000 54,995,000,000
Current liabilities    
Short-term borrowings 339,000,000 163,000,000
Short-term notes payable - accounts receivable agreement 225,000,000 225,000,000
Long-term debt due within one year 670,000,000 828,000,000
Long-term debt of variable interest entities due within one year 65,000,000 0
Accounts payable 2,125,000,000 1,444,000,000
Accounts payable of variable interest entities 138,000,000 0
Accrued expenses 1,492,000,000 1,255,000,000
Deferred income taxes 517,000,000 1,000,000
Regulatory liabilities 335,000,000 197,000,000
Mark-to-market derivative liabilities 1,105,000,000 112,000,000
Mark-to-market derivative liabilities with affiliate 0 0
Unamortized energy contract liabilities 707,000,000 0
Dividends payable 472,000,000 349,000,000
Other 862,000,000 560,000,000
Total current liabilities 9,052,000,000 5,134,000,000
Long-term debt 16,293,000,000 11,799,000,000
Long-term debt to financing trusts 648,000,000 390,000,000
Long-term debt of variable interest entity 517,000,000 0
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 10,705,000,000 8,253,000,000
Asset retirement obligations 4,064,000,000 3,884,000,000
Pension obligations 2,553,000,000 2,194,000,000
Non-pension postretirement benefit obligations 2,688,000,000 2,263,000,000
Spent nuclear fuel obligation 1,019,000,000 1,019,000,000
Regulatory liabilities 4,050,000,000 3,627,000,000
Mark-to-market derivative liabilities 671,000,000 126,000,000
Mark-to-market derivative liabilities with affiliate 0 0
Unamortized energy contract liabilities 897,000,000 0
Payable for Zion Station decommissioning 574,000,000 563,000,000
Other 1,708,000,000 1,268,000,000
Total deferred credits and other liabilities 28,929,000,000 23,197,000,000
Total liabilities 55,439,000,000 40,520,000,000
Commitments and contingencies 0 0
Preferred securities 87,000,000 87,000,000
Shareholders' equity    
Common stock 16,512,000,000 9,107,000,000
Treasury stock, at cost (35 and 35 shares held at December 31, 2010 and December 31, 2009, respectively) (2,327,000,000) (2,327,000,000)
Retained earnings 9,830,000,000 10,055,000,000
Accumulated other comprehensive income (loss), net (2,199,000,000) (2,450,000,000)
BGE preference stock not subject to mandatory redemption 193,000,000 0
Total shareholders' equity 21,816,000,000 14,385,000,000
Noncontrolling interest 93,000,000 3,000,000
Total equity 22,102,000,000 14,388,000,000
Total liabilities and shareholders' equity 77,628,000,000 54,995,000,000
Member's equity    
Accumulated other comprehensive income (loss), net (2,199,000,000) (2,450,000,000)
Noncontrolling interest 93,000,000 3,000,000
Exelon Generation Co L L C [Member]
   
Current assets    
Cash and cash equivalents 219,000,000 496,000,000
Restricted cash and cash equivalents 3,000,000 5,000,000
Restricted cash and cash equivalents of variable interest entity 18,000,000  
Accounts receivable, net    
Customer 1,520,000,000 578,000,000
Other 404,000,000 257,000,000
Accounts receivable of variable interest entities 241,000,000  
Mark-to-market derivative assets with affiliates 590,000,000 [1] 503,000,000 [2]
Unamortized energy contracts assets 1,699,000,000 13,000,000
Receivables from affiliates 142,000,000 109,000,000
Inventories, net    
Fossil fuel 132,000,000 120,000,000
Materials and supplies 602,000,000 556,000,000
Other 1,180,000,000 148,000,000
Total current assets 8,241,000,000 3,217,000,000
Property, plant and equipment, net 17,480,000,000 13,475,000,000
Deferred debits and other assets    
Nuclear decommissioning trust funds 6,927,000,000 6,507,000,000
Investments 70,000,000 41,000,000
Investments in affiliates 340,000,000 1,000,000
Investment in CENG 2,046,000,000 0
Mark-to-market derivative assets 1,375,000,000 635,000,000
Mark-to-market derivative assets with affiliates 92,000,000 [1] 191,000,000 [2]
Unamortized energy contracts assets 1,530,000,000 388,000,000
Prepaid pension asset 2,098,000,000 2,068,000,000
Pledged assets for Zion Station decommissioning 708,000,000 734,000,000
Other 816,000,000 176,000,000
Total deferred debits and other assets 16,002,000,000 10,741,000,000
Total assets 41,723,000,000 27,433,000,000
Current liabilities    
Short-term borrowings 114,000,000 2,000,000
Long-term debt due within one year 72,000,000 3,000,000
Accounts payable 1,229,000,000 753,000,000
Accounts payable of variable interest entities 138,000,000 0
Accrued expenses 894,000,000 779,000,000
Payables to affiliates 183,000,000 58,000,000
Deferred income taxes 758,000,000 244,000,000
Mark-to-market derivative liabilities 1,090,000,000 103,000,000
Mark-to-market derivative liabilities with affiliate 0 0
Unamortized energy contract liabilities 590,000,000 0
Other 360,000,000 202,000,000
Total current liabilities 5,428,000,000 2,144,000,000
Long-term debt 6,388,000,000 3,674,000,000
Long-term debt of variable interest entity 186,000,000 0
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 4,899,000,000 3,966,000,000
Asset retirement obligations 3,939,000,000 3,767,000,000
Non-pension postretirement benefit obligations 778,000,000 703,000,000
Spent nuclear fuel obligation 1,019,000,000 1,019,000,000
Payables to affiliates 2,430,000,000 2,222,000,000
Mark-to-market derivative liabilities 546,000,000 29,000,000
Mark-to-market derivative liabilities with affiliate 0 0
Unamortized energy contract liabilities 808,000,000 0
Payable for Zion Station decommissioning 574,000,000 563,000,000
Other 839,000,000 638,000,000
Total deferred credits and other liabilities 15,832,000,000 12,907,000,000
Total liabilities 27,834,000,000 18,725,000,000
Commitments and contingencies 0 0
Shareholders' equity    
Accumulated other comprehensive income (loss), net 1,167,000,000 915,000,000
Noncontrolling interest 94,000,000 5,000,000
Member's equity    
Membership interest 8,828,000,000 3,556,000,000
Undistributed earnings 3,800,000,000 4,232,000,000
Accumulated other comprehensive income (loss), net 1,167,000,000 915,000,000
Total member's equity 13,795,000,000 8,703,000,000
Noncontrolling interest 94,000,000 5,000,000
Total equity 13,889,000,000 8,708,000,000
Total liabilities and equity 41,723,000,000 27,433,000,000
Commonwealth Edison Co [Member]
   
Current assets    
Cash and cash equivalents 19,000,000 234,000,000
Restricted cash and cash equivalents 3,000,000 3,000,000
Accounts receivable, net    
Customer 596,000,000 655,000,000
Other 272,000,000 385,000,000
Inventories, net    
Inventories, net 84,000,000 81,000,000
Deferred income taxes 62,000,000 61,000,000
Counterparty collateral deposited 98,000,000 90,000,000
Regulatory assets 793,000,000 657,000,000
Other 21,000,000 22,000,000
Total current assets 1,948,000,000 2,188,000,000
Property, plant and equipment, net 13,267,000,000 13,121,000,000
Deferred debits and other assets    
Regulatory assets 644,000,000 699,000,000
Investments 16,000,000 21,000,000
Investments in affiliates 6,000,000 6,000,000
Goodwill 2,625,000,000 2,625,000,000
Receivable from affiliate 2,020,000,000 1,860,000,000
Mark-to-market derivative assets 0 0
Prepaid pension asset 1,772,000,000 1,803,000,000
Other 291,000,000 315,000,000
Total deferred debits and other assets 7,374,000,000 7,329,000,000
Total assets 22,589,000,000 22,638,000,000
Current liabilities    
Short-term borrowings 302,000,000 0
Long-term debt due within one year 0 450,000,000
Accounts payable 277,000,000 325,000,000
Accrued expenses 204,000,000 318,000,000
Payables to affiliates 125,000,000 111,000,000
Customer deposits 138,000,000 136,000,000
Regulatory liabilities 127,000,000 137,000,000
Mark-to-market derivative liabilities with affiliate 590,000,000 503,000,000
Other 69,000,000 82,000,000
Total current liabilities 1,848,000,000 2,071,000,000
Long-term debt 5,215,000,000 5,215,000,000
Long-term debt to financing trusts 206,000,000 206,000,000
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 4,042,000,000 3,993,000,000
Asset retirement obligations 90,000,000 89,000,000
Non-pension postretirement benefit obligations 301,000,000 271,000,000
Regulatory liabilities 3,208,000,000 3,042,000,000
Mark-to-market derivative liabilities 125,000,000 97,000,000
Mark-to-market derivative liabilities with affiliate 92,000,000 191,000,000
Other 403,000,000 426,000,000
Total deferred credits and other liabilities 8,261,000,000 8,109,000,000
Total liabilities 15,530,000,000 15,601,000,000
Commitments and contingencies 0 0
Shareholders' equity    
Common stock 1,588,000,000 1,588,000,000
Other paid-in capital 5,012,000,000 5,003,000,000
Retained earnings 459,000,000 447,000,000
Accumulated other comprehensive income (loss), net 0 (1,000,000)
Total shareholders' equity 7,059,000,000 7,037,000,000
Total liabilities and shareholders' equity 22,589,000,000 22,638,000,000
Member's equity    
Accumulated other comprehensive income (loss), net 0 (1,000,000)
PECO Energy Co [Member]
   
Current assets    
Cash and cash equivalents 148,000,000 194,000,000
Restricted cash and cash equivalents 5,000,000 2,000,000
Accounts receivable, net    
Customer 333,000,000 380,000,000
Other 293,000,000 376,000,000
Inventories, net    
Fossil fuel 46,000,000 87,000,000
Materials and supplies 20,000,000 18,000,000
Deferred income taxes 28,000,000 25,000,000
Receivable from Exelon intercompany money pool 117,000,000 82,000,000
Prepaid utility taxes 130,000,000 1,000,000
Regulatory assets 48,000,000 39,000,000
Other 43,000,000 39,000,000
Total current assets 1,211,000,000 1,243,000,000
Property, plant and equipment, net 5,924,000,000 5,874,000,000
Deferred debits and other assets    
Regulatory assets 1,217,000,000 1,216,000,000
Investments 23,000,000 22,000,000
Investments in affiliates 8,000,000 8,000,000
Receivable from affiliate 413,000,000 365,000,000
Prepaid pension asset 381,000,000 382,000,000
Other 38,000,000 46,000,000
Total deferred debits and other assets 2,080,000,000 2,039,000,000
Total assets 9,215,000,000 9,156,000,000
Current liabilities    
Short-term notes payable - accounts receivable agreement 225,000,000 225,000,000
Long-term debt due within one year 375,000,000 375,000,000
Accounts payable 213,000,000 262,000,000
Accrued expenses 78,000,000 83,000,000
Payables to affiliates 75,000,000 62,000,000
Customer deposits 52,000,000 53,000,000
Regulatory liabilities 73,000,000 60,000,000
Mark-to-market derivative liabilities with affiliate 0 0
Other 22,000,000 25,000,000
Total current liabilities 1,113,000,000 1,145,000,000
Long-term debt 1,597,000,000 1,597,000,000
Long-term debt to financing trusts 184,000,000 184,000,000
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 2,193,000,000 2,170,000,000
Asset retirement obligations 28,000,000 28,000,000
Non-pension postretirement benefit obligations 295,000,000 288,000,000
Regulatory liabilities 637,000,000 585,000,000
Other 133,000,000 134,000,000
Total deferred credits and other liabilities 3,286,000,000 3,205,000,000
Total liabilities 6,180,000,000 6,131,000,000
Commitments and contingencies 0 0
Preferred securities 87,000,000 87,000,000
Shareholders' equity    
Common stock 2,379,000,000 2,379,000,000
Retained earnings 568,000,000 559,000,000
Accumulated other comprehensive income (loss), net 1,000,000 0
Total shareholders' equity 2,948,000,000 2,938,000,000
Total liabilities and shareholders' equity 9,215,000,000 9,156,000,000
Member's equity    
Accumulated other comprehensive income (loss), net 1,000,000 0
Baltimore Gas and Electric Company [Member]
   
Current assets    
Cash and cash equivalents 157,000,000 49,000,000
Restricted cash and cash equivalents of variable interest entity 49,000,000 30,000,000
Accounts receivable, net    
Customer 419,000,000 428,000,000
Other 95,000,000 90,000,000
Income taxes receivable 77,000,000 21,000,000
Inventories, net    
Fossil fuel 24,000,000 74,000,000
Materials and supplies 34,000,000 34,000,000
Prepaid utility taxes 27,000,000 56,000,000
Regulatory assets 174,000,000 174,000,000
Other 10,000,000 12,000,000
Total current assets 1,066,000,000 968,000,000
Property, plant and equipment, net 5,211,000,000 5,132,000,000
Deferred debits and other assets    
Regulatory assets 553,000,000 550,000,000
Investments in affiliates 8,000,000 8,000,000
Prepaid pension asset 504,000,000 514,000,000
Other 27,000,000 33,000,000
Total deferred debits and other assets 1,092,000,000 1,105,000,000
Total assets 7,369,000,000 7,205,000,000
Current liabilities    
Long-term debt due within one year 110,000,000 110,000,000
Long-term debt of variable interest entities due within one year 63,000,000 63,000,000
Accounts payable 167,000,000 210,000,000
Accrued expenses 113,000,000 148,000,000
Payables to affiliates 102,000,000 41,000,000
Deferred income taxes 23,000,000 59,000,000
Customer deposits 82,000,000 84,000,000
Regulatory liabilities 135,000,000 18,000,000
Regulatory liabilities 22,000,000  
Residential customer rate credit regulatory liability 113,000,000  
Other 45,000,000 25,000,000
Total current liabilities 840,000,000 758,000,000
Long-term debt 1,596,000,000 1,596,000,000
Long-term debt to financing trusts 258,000,000 258,000,000
Long-term debt of variable interest entity 332,000,000 332,000,000
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 1,569,000,000 1,491,000,000
Asset retirement obligations 8,000,000 1,000,000
Non-pension postretirement benefit obligations 211,000,000 212,000,000
Regulatory liabilities 205,000,000 200,000,000
Other 82,000,000 56,000,000
Total deferred credits and other liabilities 2,075,000,000 1,960,000,000
Total liabilities 5,101,000,000 4,904,000,000
Commitments and contingencies 0 0
Shareholders' equity    
Common stock 1,294,000,000 1,294,000,000
Retained earnings 784,000,000 817,000,000
Accumulated other comprehensive income (loss), net 0 0
BGE preference stock not subject to mandatory redemption 190,000,000 190,000,000
Total shareholders' equity 2,078,000,000 2,111,000,000
Total equity 2,268,000,000 2,301,000,000
Total liabilities and shareholders' equity 7,369,000,000 7,205,000,000
Member's equity    
Accumulated other comprehensive income (loss), net $ 0 $ 0
[1] Current and noncurrent assets are shown net of collateral of $281 million and $400 million, respectively, and current and noncurrent liabilities are shown inclusive of collateral of $(212) million and $(231) million, respectively. The total cash collateral received, net of cash collateral posted and offset against mark-to-market assets and liabilities was $238 million at March 31, 2012.
[2] Current and noncurrent assets are shown net of collateral of $338 million and $187 million, respectively, and current and noncurrent liabilities are shown inclusive of collateral of $15 million and $0 million, respectively. The total cash collateral received net of cash collateral posted and offset against mark-to-market assets and liabilities was $540 million at December 31, 2011.