Plant Retirements (Tables)

9 Months Ended

Sep. 30, 2012

Corporate Restructuring And Plant Retirements Tables [Abstract]

Total severance benefits costs, recorded as operating and maintenance expense

Three Months Ended September 30, 2012
Severance Benefits (a)		Exelon		Generation		ComEd		PECO		BGE
Severance charges	$	8	$	4	$	1	$	1	$	1
Stock compensation		3		2		1		0		0
Total severance benefits	$	11	$	6	$	2	$	1	$	1

Nine Months Ended September 30, 2012
Severance Benefits (a)		Exelon		Generation		ComEd (b)		PECO		BGE (c)
Severance charges	$	117	$	68	$	16	$	8	$	18
Stock compensation		6		4		1		0		0
Other charges		7		4		1		0		1
Total severance benefits	$	130	$	76	$	18	$	8	$	19

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The amounts above include $0 million and $40 million at Generation, $2 million and $16 million at ComEd, $1 million and $8 million at PECO, and $1 million and $7 million at BGE, for amounts billed by BSC through intercompany allocations for the three and nine months ended September 30, 2012, respectively.
ComEd established regulatory assets of $18 million, as of September 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 $19 million, as of September 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 September 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