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Regulatory Matters (Tables)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Regulatory Matters Tables [Abstract]    
Illinois Settlement Agreement contributions
   Generation  ComEd  Total Credits Issued to ComEd Customers
 Year Ended December 31, 2010     
 Credits to ComEd customers(a) $14 $1 $15
 Credits to other Illinois utilities’ customers(a)  7  n/a   n/a
 Total incurred costs $21 $1 $15

 

(a)       Recorded as a reduction in operating revenues.

 

 
Regulatory assets and liabilities
December 31, 2012Exelon ComEd PECO BGE
                          
Regulatory assetsCurrent Noncurrent Current Noncurrent Current Noncurrent Current Noncurrent 
Pension and other postretirement                        
 benefits$304 $3,673 $0 $0 $0 $0 $0 $0 
Deferred income taxes 14  1,382  5  62  0  1,255  9  65 
AMI programs 3  70  3  10  0  29  0  31 
AMI meter events 0  17  0  0  0  17  0  0 
Under-recovered distribution service                         
 costs 18  191  18  191  0  0  0  0 
Debt costs 14  68  11  62  3  6  1  9 
Fair value of BGE long-term debt (a) 0  256  0  0  0  0  0  0 
Fair value of BGE supply contract (b) 77  12  0  0  0  0  0  0 
Severance 29  28  25  12  0  0  4  16 
Asset retirement obligations  0  90  0  65  0  25  0  0 
MGP remediation costs  58  232  51  197  6  33  1  2 
RTO start-up costs  3  2  3  2  0  0  0  0 
Under-recovered electric universal                         
 service fund costs 11  0  0  0  11  0  0  0 
Financial swap with Generation 0  0  226  0  0  0  0  0 
Renewable energy and associated                         
 RECs 18  49  18  49  0  0  0  0 
Under-recovered energy and                         
 transmission costs  43  0  14  0  1  0  28  0 
DSP Program costs 1  3  0  0  1  3  0  0 
DSP II Program costs 1  2  0  0  1  2  0  0 
Deferred storm costs 3  6  0  0  0  0  3  6 
Electric generation-related                         
 regulatory asset 16  40  0  0  0  0  16  40 
Rate stabilization deferral 67  225  0  0  0  0  67  225 
Energy efficiency and demand                        
 response programs 56  126  0  0  0  0  56  126 
Other  23  25  14  16  9  8  0  2 
                          
Total regulatory assets$759  6,497 $388 $666 $32 $1,378 $185 $522 

_________________

  • Represents the regulatory asset recorded at Exelon Corporate for the difference in the fair value of the long-term debt of BGE as of the merger date. See Note 4 – Merger and Acquisitions for additional information.
  • Represents the regulatory asset recorded at Exelon Corporate representing the fair value of BGE's supply contracts as of the merger date. BGE is allowed full recovery of the costs of its electric and gas supply contracts through approved regulated rates. See Note 4 – Merger and Acquisitions for additional information.

 

December 31, 2012Exelon ComEd PECO BGE
                          
Regulatory liabilitiesCurrent Noncurrent Current Noncurrent Current Noncurrent Current Noncurrent 
Nuclear decommissioning$0 $2,397 $0 $2,037 $0 $360 $0 $0 
Removal costs  97  1,406  75  1,192  0  0  22  214 
Energy efficiency and demand                         
 response programs 131  0  43  0  88  0  0  0 
Electric distribution tax repairs 20  132  0  0  20  132  0  0 
Gas distribution tax repairs 8  46        8  46       
Over-recovered uncollectible                         
 accounts 6  0  6  0  0  0  0  0 
Over-recovered energy and                         
 transmission costs 54  0  6  0  48  0  0  0 
Over-recovered gas universal                         
 service fund costs 3  0  0  0  3  0  0  0 
Over-recovered AEPS costs 2  0  0  0  2  0  0  0 
                          
Total regulatory liabilities $321 $3,981 $130 $3,229 $169 $538 $22 $214 
                         
December 31, 2011Exelon ComEd PECO BGE
                          
Regulatory assetsCurrent Noncurrent Current Noncurrent Current Noncurrent Current Noncurrent 
Pension and other postretirement                        
 benefits$204 $2,794 $0 $0 $7 $0 $3 $0 
Deferred income taxes 5  1,176  5  66  0  1,110  8  68 
AMI and smart meter programs 2  28  2  6  0  22  0  15 
Under-recovered distribution service                         
 costs 14  70  14  70  0  0  0  0 
Debt costs 18  81  15  73  3  8  2  10 
Severance 25  38  25  38  0  0  0  1 
Asset retirement obligations  0  74  0  50  0  24  0  0 
MGP remediation costs  30  129  24  91  6  38  1  2 
RTO start-up costs  3  4  3  4  0  0  0  0 
Under-recovered electric universal                         
 service fund costs 3  0  0  0  3  0  0  0 
Financial swap with Generation 0  0  503  191  0  0  0  0 
Renewable energy and associated                         
 RECs 9  97  9  97  0  0  0  0 
Under-recovered energy and                         
 transmission costs  57  0  48  0  9  0  50  0 
DSP Program costs 3  2  0  0  3  2  0  0 
Deferred storm costs 0  0  0  0  0  0  3  9 
Electric generation-related                         
 regulatory asset 0  0  0  0  0  0  16  56 
Rate stabilization deferral 0  0  0  0  0  0  63  295 
Energy efficiency and demand                        
 response programs 0  0  0  0  0  0  29  95 
Other  17  25  9  13  8  12  0  0 
                          
Total regulatory assets$390 $4,518 $657 $699 $39 $1,216 $175 $551 

December 31, 2011Exelon ComEd PECO BGE
                          
Regulatory liabilitiesCurrent Noncurrent Current Noncurrent Current Noncurrent Current Noncurrent 
Nuclear decommissioning$0 $2,222 $0 $1,857 $0 $365 $0 $0 
Removal costs  61  1,185  61  1,185  0  0  18  200 
Energy efficiency and demand                         
 response programs 49  69  49  0  0  69  0  0 
Electric distribution tax repairs 19  151  0  0  19  151  0  0 
Over-recovered uncollectible                         
 accounts 15  0  15  0  0  0  0  0 
Over-recovered energy and                         
 transmission costs 42  0  12  0  30  0  0  0 
Over-recovered gas universal                         
 service fund costs 3  0  0  0  3  0  0  0 
Over-recovered AEPS costs 8  0  0  0  8  0  0  0 
Other 0  0  0  0  0  0  1  1 
                          
Total regulatory liabilities $197 $3,627 $137 $3,042 $60 $585 $19 $201 
                         
Regulatory Construction Commitment
  Total  2013  2014  2015  2016  2017
                  
ComEd$525 $175 $86 $135 $128 $1
PECO 140  28  23  26  36  27
BGE 249  15  53  119  55  7
 
Purchase Of Receivables [Table Text Block]
As of December 31, 2012Exelon ComEd PECO BGE
Purchased receivables (a)$ 191 $ 55 $ 65 $ 71
Allowance for uncollectible accounts (b)  (21)   (9)   (6)   (6)
Purchased receivables, net$ 170 $ 46 $ 59 $ 65
             
As of December 31, 2011Exelon ComEd PECO BGE
Purchased receivables (a)$ 68 $ 16 $ 52 $ 61
Allowance for uncollectible accounts (b)  (5)   -   (5)   (3)
Purchased receivables, net$ 63 $ 16 $ 47 $ 58