XML 35 R46.htm IDEA: XBRL DOCUMENT

Segment Information (Tables)

9 Months Ended

Sep. 30, 2012

Schedules Of Segment Reporting Information [Line Items]

Analysis and reconciliation of reportable segment information

Three Months Ended September 30, 2012 and 2011

		Generation(a)		ComEd		PECO		BGE		Other(b)		Intersegment Eliminations		Exelon
Total revenues(c):
	2012	$	4,017	$	1,484	$	806	$	720	$	336	$	(798)	$	6,565
	2011		2,821		1,784		946		0		206		(503)		5,254
Intersegment revenues(d):
	2012	$	459	$	0	$	1	$	4	$	334	$	(798)	$	0
	2011		304		1		2		0		203		(503)		7
Net income (loss):
	2012	$	87	$	90	$	123	$	0	$	(3)	$	0	$	297
	2011		386		112		105		0		(1)		0		602
Total assets:
	September 30, 2012	$	41,090	$	22,471	$	9,661	$	7,504	$	10,150	$	(12,523)	$	78,353
	December 31, 2011		27,433		22,638		9,156		0		6,162		(10,394)		54,995

__________

(a) Generation includes the six power marketing reportable segments shown below: Mid-Atlantic, Midwest, New England, New York, ERCOT and Other Regions. Intersegment revenues for Generation for the three months ended September 30, 2012 include revenue from sales to PECO of $ 171 million and sales to BGE of $120 million in the Mid-Atlantic region, and sales to ComEd of $180 million in the Midwest region, net of $ (15) million related to the unrealized mark-to-market losses related to the ComEd swap, which eliminate upon consolidation. For the three months ended September 30, 2011 intersegment revenues for Generation include revenue from sales to PECO of $137 million in the Mid-Atlantic region, and sales to ComEd of $159 million in the Midwest region.

(b) Other primarily includes Exelon's corporate operations, shared service entities and other financing and investment activities.

(c) For the three months ended September 30, 2012 and 2011, utility taxes of $28 million and $7 million, respectively, are included in revenues and expenses for Generation. For the three months ended September 30, 2012 and 2011, utility taxes of $67 million and $64 million, respectively, are included in revenues and expenses for ComEd. For the three months ended September 30, 2012 and 2011, utility taxes of $40 million and $50 million, respectively, are included in revenues and expenses for PECO. For the three months ended September 30, 2012, utility taxes of $20 million are included in revenues and expenses for BGE.

(d) The intersegment profit associated with Generation's sale of AECs to PECO is not eliminated in consolidation due to the recognition of intersegment profit in accordance with regulatory accounting guidance. See Note 2 of the Exelon 2011 Form 10-K for additional information on AECs. For Exelon, these amounts are included in operating revenues in the Consolidated Statements of Operations.

Nine Months Ended September 30, 2012 and 2011

												Intersegment
		Generation (a)		ComEd		PECO		BGE(b)		Other(c)		Eliminations		Exelon
Total revenues(d):
	2012	$	10,509	$	4,154	$	2,396	$	1,388	$	1,049	$	(2,291)	$	17,205
	2011		7,919		4,694		2,942		0		579		(1,429)		14,705
Intersegment revenues(e):
	2012	$	1,233	$	2	$	3	$	7	$	1,050	$	(2,291)	$	4
	2011		856		2		4		0		576		(1,429)		9
Net income (loss):
	2012	$	419	$	219	$	300	$	(50)	$	(101)	$	0	$	787
	2011		1,325		295		314		0		(45)		0		1,889

__________

(a) Generation includes the six power marketing reportable segments shown below: Mid-Atlantic, Midwest, New England, New York, ERCOT and Other Regions. Intersegment revenues for Generation for the nine months ended September 30, 2012 include revenue from sales to PECO of $407 million and sales to BGE of $223 million in the Mid-Atlantic region, and sales to ComEd of $631 million in the Midwest region, net of $ (30) million related to the unrealized mark-to-market losses related to the ComEd swap, which eliminate upon consolidation. For the nine months ended September 30, 2011 intersegment revenues for Generation include revenue from sales to PECO of $394 million in the Mid-Atlantic region, and sales to ComEd of $450 million in the Midwest region.

(b) Amounts represent activity recorded at BGE from March 12, 2012, the closing date of the merger, through September 30, 2012.

(c) Other primarily includes Exelon's corporate operations, shared service entities and other financing and investment activities.

(d) For the nine months ended September 30, 2012 and 2011, utility taxes of $ 60 million and $ 20 million, respectively, are included in revenues and expenses for Generation. For the nine months ended September 30, 2012 and 2011, utility taxes of $182 million and $184 million, respectively, are included in revenues and expenses for ComEd. For the nine months ended September 30, 2012 and 2011, utility taxes of $108 million and $140 million, respectively, are included in revenues and expenses for PECO. For the period of March 12, 2012 through September 30, 2012, utility taxes of $42 million are included in revenues and expenses for BGE.

(e) The intersegment profit associated with Generation's sale of AECs to PECO is not eliminated in consolidation due to the recognition of intersegment profit in accordance with regulatory accounting guidance. See Note 2 of the Exelon 2011 Form 10-K for additional information on AECs. For Exelon, these amounts are included in operating revenues in the Consolidated Statements of Operations.

Exelon Generation Co L L C [Member]

Schedules Of Segment Reporting Information [Line Items]

Analysis and reconciliation of reportable segment revenues for Generation

Three Months Ended September 30, 2012 and 2011

Generation total revenues:
	2012						2011
	Revenues from external customers (a)		Intersegment revenues		Total Revenues		Revenues from external customers (a)		Intersegment revenues		Total Revenues
Mid-Atlantic	$	1,428	$	(11)	$	1,417	$	1,032	$	-	$	1,032
Midwest		1,193		7		1,200		1,385		-		1,385
New England		390		1		391		2		-		2
New York		183		2		185		0		-		0
ERCOT		532		1		533		307		-		307
Other Regions (b)		317		12		329		77		-		77
Total Revenues for Reportable Segments	$	4,043	$	12	$	4,055	$	2,803	$	-	$	2,803
Other (c)		(35)		(3)		(38)		18		-		18
Total Generation Consolidated Operating Revenues	$	4,008	$	9	$	4,017	$	2,821	$	-	$	2,821

(a) Includes all wholesale and retail electric sales from third parties and affiliated sales to ComEd, PECO and BGE.

(b) Other regions includes the South, West and Canada, which are not considered individually significant.

(c) Other represents activities not allocated to a region and includes retail and wholesale gas, upstream natural gas, proprietary trading, demand response, energy efficiency, the design, construction, and operation of renewable energy, heating, cooling, and cogeneration facilities, home improvements, sales of electric and gas appliances, servicing of heating, air conditioning, plumbing, electrical, and indoor quality systems, mark-to-market activities associated with Generation's economic hedging activities. In addition, includes generation under the reliability-must-run rate schedule and generation of Brandon Shores, H.A. Wagner, and C.P. Crane, the generating facilities planned for divestiture as a result of the Exelon and Constellation merger. Also includes amortization of intangible assets related to commodity contracts recorded at fair value at the merger date.

Nine Months Ended September 30, 2012 and 2011

Generation total revenues:
	2012						2011
	Revenues from external customers (a)		Intersegment revenues		Total Revenues		Revenues from external customers (a)		Intersegment revenues		Total Revenues
Mid-Atlantic	$	3,832	$	(43)	$	3,789	$	3,102	$	-	$	3,102
Midwest		3,600		19		3,619		4,151		-		4,151
New England		776		36		812		8		-		8
New York		394		(22)		372		0		-		0
ERCOT		1,073		1		1,074		507		-		507
Other Regions (b)		611		40		651		169		-		169
Total Revenues for Reportable Segments	$	10,286	$	31	$	10,317	$	7,937	$	-	$	7,937
Other (c)		212		(20)		192		(18)		-		(18)
Total Generation Consolidated Operating Revenues	$	10,498	$	11	$	10,509	$	7,919	$	-	$	7,919

(a) Includes all wholesale and retail electric sales from third parties and affiliated sales to ComEd, PECO and BGE.

(b) Other regions include the South, West and Canada, which are not considered individually significant.

Analysis and reconciliation of reportable segment revenues net of purchased power and fuel expense for Generation

Three Months Ended September 30, 2012 and 2011

Generation total revenues net of purchased power and fuel expense:
	2012						2011
	RNF from external customers (a)		Intersegment RNF		Total RNF		RNF from external customers (a)		Intersegment RNF		Total RNF
Mid-Atlantic	$	919	$	(11)	$	908	$	835	$	-	$	835
Midwest		723		7		730		852		-		852
New England		80		1		81		1		-		1
New York		11		2		13		0		-		0
ERCOT		158		0		158		103		-		103
Other Regions (b)		30		12		42		(4)		-		(4)
Total Revenues net of purchased power and fuel expense for Reportable Segments	$	1,921	$	11	$	1,932	$	1,787	$	-	$	1,787
Other (c)		(26)		(11)		(37)		(37)		-		(37)
Total Generation Revenues net of purchased power and fuel expense	$	1,895	$	0	$	1,895	$	1,750	$	-	$	1,750

Nine Months Ended September 30, 2012 and 2011

Generation total revenues net of purchased power and fuel expense:
	2012						2011
	RNF from external customers (a)		Intersegment RNF		Total RNF		RNF from external customers (a)		Intersegment RNF		Total RNF
Mid-Atlantic	$	2,605	$	(44)	$	2,561	$	2,567	$	-	$	2,567
Midwest		2,291		19		2,310		2,704		-		2,704
New England		144		36		180		6		-		6
New York		82		(22)		60		0		-		0
ERCOT		311		1		312		94		-		94
Other Regions (b)		49		41		90		(10)		-		(10)
Total Revenues net of purchased power and fuel expense for Reportable Segments	$	5,482	$	31	$	5,513	$	5,361	$	-	$	5,361
Other (c)		9		(31)		(22)		(237)		-		(237)
Total Generation Revenues net of purchased power and fuel expense	$	5,491	$	0	$	5,491	$	5,124	$	-	$	5,124

(a) Includes purchases and sales from third parties and affiliated sales to ComEd, PECO and BGE.

(b) Other regions includes the South, West and Canada, which are not considered individually significant.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details