XML 63 R30.htm IDEA: XBRL DOCUMENT

Merger and Acquisitions (Tables)

3 Months Ended

Mar. 31, 2013

Schedule of Purchase Price Allocation [Table Text Block]

Purchase Price Allocation, excluding amortization	Exelon		Generation
Current assets	$	4,936	$	3,638
Property, plant and equipment		9,342		4,054
Unamortized energy contracts		3,218		3,218
Other intangibles, trade name and retail relationships		457		457
Investment in affiliates		1,942		1,942
Pension and OPEB regulatory asset		740		0
Other assets		2,265		1,266
Total assets		22,900		14,575

Current liabilities		3,408		2,804
Unamortized energy contracts		1,722		1,512
Long-term debt, including current maturities		5,632		2,972
Noncontrolling interest		90		90
Deferred credits and other liabilities and preferred securities		4,683		1,933
Total liabilities, preferred securities and noncontrolling interest		15,535		9,311
Total purchase price	$	7,365	$	5,264

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

								Estimated amortization expense
Description	Weighted Average Amortization	Gross		Accumulated Amortization		Net		Remainder of 2013		2014		2015		2016		2017		2018 and Beyond
Unamortized energy contracts, net (a)	1.5	$	1,496	$	(1,133)	$	363	$	243	$	73	$	19	$	(31)	$	(22)	$	81
Trade name	10.0		243		(26)		217		18		24		24		24		24		103
Retail relationships	12.4		214		(20)		194		15		19		19		19		19		103

Total, net		$	1,953	$	(1,179)	$	774	$	276	$	116	$	62	$	12	$	21	$	287

(a) Includes the fair value of BGE's power and gas supply contracts of $70 million for which an offsetting regulatory asset was also recorded.

Schedule of Restructuring and Related Costs [Text Block]

Three Months Ended March 31, 2013
Severance Benefits (a)		Exelon		Generation		ComEd (b)		PECO		BGE (c)
Severance charges	$	2	$	2	$	0	$	0	$	0
Stock compensation		1		1		0		0		0
Total severance benefits	$	3	$	3	$	0	$	0	$	0

Three Months Ended March 31, 2012
Severance Benefits (a)		Exelon		Generation		ComEd (b)		PECO		BGE (c)
Severance charges	$	67	$	35	$	9	$	3	$	14
Stock compensation		8		5		1		1		1
Other charges		8		5		1		1		1
Total severance benefits	$	83	$	45	$	11	$	5	$	16

_________________

The amounts above include $3 million and $29 million at Generation, $0 million and $11 million at ComEd, $0 million and $5 million at PECO, and $0 million and $5 million at BGE, for amounts billed by BSC through intercompany allocations for the three months ended March 31, 2013 and 2012, respectively.
ComEd established regulatory assets of $0 million and $11 million for severance benefits costs for the three months ended March 31, 2013 and 2012, respectively. The majority of these costs are expected to be recovered over a five-year period.
BGE established regulatory assets of $0 million and $16 million for severance benefits costs for the three months ended March 31, 2013 and 2012, respectively. The majority of these costs are being recovered over a five-year period beginning in March 2013.

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

Three Months Ended March 31, 2013
Severance liability		Exelon		Generation		ComEd		PECO		BGE
Balance at December 31, 2012	$	111	$	33	$	1	$	0	$	11
Severance charges (a)		2		0		0		0		0
Stock compensation		1		0		0		0		0
Payments		(22)		(8)		0		0		(2)
Balance at March 31, 2013	$	92	$	25	$	1	$	0	$	9

Three Months Ended March 31, 2012
Severance liability		Exelon		Generation		ComEd		PECO		BGE
Balance at December 31, 2011	$	0	$	0	$	0	$	0	$	0
Severance charges (a)		67		13		0		0		11
Stock compensation		8		2		0		0		0
Other charges (b)		8		1		0		0		0
Balance at March 31, 2012	$	83	$	16	$	0	$	0	$	11

Includes salary continuance and health and welfare severance benefits. Amounts represent ongoing severance plan benefits. Amounts also include one-time termination benefits of $1 million and $0 million for Exelon and Generation, respectively, as of March 31, 2013, which they began to recognize in the second quarter of 2012.
Primarily includes life insurance, employer payroll taxes, educational assistance, and outplacement services.

Business Acquisition, Pro Forma Information [Table Text Block]

		Three Months Ended March 31, 2012
		Generation		Exelon
Total Revenues	$	3,997	$	6,977
Net income attributable to Exelon		129		409

Basic Earnings Per Share		n.a.	$	0.48
Diluted Earnings Per Share		n.a.		0.48

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References+ Details

- 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

- Definition

Tabular disclosure of 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. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References+ Details