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Plant Retirements (Tables)

6 Months Ended

Jun. 30, 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)
Expense recorded - three months	$	36	$	25	$	5	$	2	$	2
Expense recorded - six months		119		70		16		7		18

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The amounts above include $10 million and $40 million at Generation, $3 million and $14 million at ComEd, $2 million and $7 million at PECO, and $1 million and $6 million at BGE, for amounts billed by BSC through intercompany allocations for the three and six months ended June 30, 2012, respectively.
ComEd established regulatory assets of $16 million, as of June 30, 2012, for severance benefits costs. The majority of these costs are expected to be recovered over a five-year period.
Consistent with MDPSC precedent, BGE established a regulatory asset of $18 million, as of June 30, 2012, for severance benefits costs. The majority of these costs are expected to be recovered over a five-year period.

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		(2)

Balance at June 30, 2012	$	5

- 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