XML 50 R52.htm IDEA: XBRL DOCUMENT v2.4.0.6
Merger and Acquisitions (Details) (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Finite Lived Intangible Assets Net [Abstract]    
Amortization of Regulatory Asset $ 19,000,000 $ 9,000,000
Business Combination, Bargain Purchase [Abstract]    
Business Combination, Bargain Purchase, Gain Recognized, Amount   0
Business Acquisition, Impact Of Merger [Abstract]    
Revenues 6,082,000,000 4,690,000,000
Net income 1,000,000 200,000,000
Business Acquisition, Regulatory Matters [Abstract]    
Business Acquisition, Construction Time Frame 2 years  
Business Acquisition, Gain (Loss) On Assets Sold 272,000,000  
Business Acquisition, Gain (Loss) On Assets Sold Update 8,000,000  
Business Acquisition Potential Cash Payment 40,000,000  
Restructuring Reserve [Roll Forward]    
Restructuring Reserve, Period Start 111,000,000  
Severance Charges 2,000,000 67,000,000
Stock Compensation Expense 1,000,000 8,000,000
Other Expense Charges   8,000,000
Total Severance Benefits 3,000,000 [1] 83,000,000 [1]
Payments 22,000,000  
Restructuring Reserve, Period End 92,000,000 83,000,000
Severance [Member]
   
Restructuring Reserve [Roll Forward]    
Restructuring Reserve, Intercompany Allocation 2,000,000 [2] 67,000,000 [2]
One-time Termination Benefits [Member]
   
Restructuring Reserve [Roll Forward]    
Restructuring Reserve, Intercompany Allocation 1,000,000  
Stock Compensation Plan [Member]
   
Restructuring Reserve [Roll Forward]    
Restructuring Reserve, Intercompany Allocation 1,000,000 8,000,000
Other Severance Charges [Member]
   
Restructuring Reserve [Roll Forward]    
Restructuring Reserve, Intercompany Allocation   8,000,000 [3]
Constellation Energy Group Acquisition [Member]
   
Restructuring Reserve [Roll Forward]    
Merger related regulatory asset 6,000,000 32,000,000
Minimum [Member]
   
Business Acquisition, Regulatory Matters [Abstract]    
Business Acquisition, Construction Cost 95,000,000  
Maximum [Member]
   
Business Acquisition, Regulatory Matters [Abstract]    
Business Acquisition, Construction Cost 120,000,000  
Constellation Energy Group Acquisition [Member]
   
Business Acquisition Cost Of Acquired Entity [Abstract]    
Business Combination, Integration Related Costs 33,000,000 516,000,000
Business Acquisition, Purchase Price Allocation [Abstract]    
Business Acquisition, Purchase Price Allocation, Current Assets 4,936,000,000  
Business Acquisition, Purchase Price Allocation, Property, Plant and Equipment 9,342,000,000  
Business Acquisition, Purchase Price Allocation, Intangible Assets, Contracts 3,218,000,000  
Business Acquisition, Purchase Price Allocation, Intangible Assets, Relationships 457,000,000  
Business Acquisition, Purchase Price Allocation, CENG Investment 1,942,000,000  
Business Acquisition, Purchase Price Allocation, Pension Regulatory Asset 740,000,000  
Business Acquisition, Purchase Price Allocation, Other Noncurrent Assets 2,265,000,000  
Business Acquisition, Purchase Price Allocation, Assets Acquired 22,900,000,000  
Business Acquisition, Purchase Price Allocation, Current Liabilities 3,408,000,000  
Business Acquisition, Purchase Price Allocation, Other Noncurrent Liabilities 4,683,000,000  
Business Acquisition, Purchase Price Allocation, Liability Contracts 1,722,000,000  
Business Acquisition, Purchase Price Allocation, Noncurrent Liabilities, Long-term Debt 5,632,000,000  
Business Combination Acquisition Of Less Than 100 Percent Noncontrolling Interest Fair Value 90,000,000  
Business Acquisition, Purchase Price Allocation, Liabilities Assumed 15,535,000,000  
Business Acquisition, Purchase Price Allocation, Assets Acquired (Liabilities Assumed), Net 7,365,000,000  
Business Acquisition, Pro Forma Information [Abstract]    
Business Acquisition, Pro Forma Revenue   6,977,000,000
Business Acquisition, Pro Forma Net Income (Loss)   409,000,000
Business Acquisition, Pro Forma Earnings Per Share, Basic   $ 0.48
Business Acquisition, Regulatory Matters [Abstract]    
Business Acquisition, Direct Investment With State And Local Governments Due To Settlement 1,000,000,000  
Business Acquisition, Development Of New Generation Cost 625,000,000  
Business Acquisition, Expected New Generation Development Time Frame 10 years  
Constellation Energy Group Acquisition [Member] | Minimum [Member]
   
Business Acquisition, Regulatory Matters [Abstract]    
Business Acquisition, Expected New Generation Mwh 285  
Constellation Energy Group Acquisition [Member] | Maximum [Member]
   
Business Acquisition, Regulatory Matters [Abstract]    
Business Acquisition, Expected New Generation Mwh 300  
Exelon Generation Co L L C [Member]
   
Business Combination, Bargain Purchase [Abstract]    
Business Combination, Bargain Purchase, Gain Recognized, Amount   0
Business Acquisition, Impact Of Merger [Abstract]    
Revenues 3,533,000,000 2,743,000,000
Net income (17,000,000) 166,000,000
Restructuring Reserve [Roll Forward]    
Restructuring Reserve, Period Start 33,000,000  
Severance Charges 2,000,000 35,000,000
Stock Compensation Expense 1,000,000 5,000,000
Other Expense Charges   5,000,000
Total Severance Benefits 3,000,000 [1] 45,000,000 [1]
Payments 8,000,000  
Restructuring Reserve, Intercompany Allocation 3,000,000 29,000,000
Restructuring Reserve, Period End 25,000,000 16,000,000
Exelon Generation Co L L C [Member] | Severance [Member]
   
Restructuring Reserve [Roll Forward]    
Restructuring Reserve, Intercompany Allocation   13,000,000 [2]
Exelon Generation Co L L C [Member] | Stock Compensation Plan [Member]
   
Restructuring Reserve [Roll Forward]    
Restructuring Reserve, Intercompany Allocation   2,000,000
Exelon Generation Co L L C [Member] | Other Severance Charges [Member]
   
Restructuring Reserve [Roll Forward]    
Restructuring Reserve, Intercompany Allocation   1,000,000 [3]
Exelon Generation Co L L C [Member] | Constellation Energy Group Acquisition [Member]
   
Business Acquisition Cost Of Acquired Entity [Abstract]    
Business Combination, Integration Related Costs 23,000,000 110,000,000
Business Acquisition, Purchase Price Allocation [Abstract]    
Business Acquisition, Purchase Price Allocation, Current Assets 3,638,000,000  
Business Acquisition, Purchase Price Allocation, Property, Plant and Equipment 4,054,000,000  
Business Acquisition, Purchase Price Allocation, Intangible Assets, Contracts 3,218,000,000  
Business Acquisition, Purchase Price Allocation, Intangible Assets, Relationships 457,000,000  
Business Acquisition, Purchase Price Allocation, CENG Investment 1,942,000,000  
Business Acquisition, Purchase Price Allocation, Other Noncurrent Assets 1,266,000,000  
Business Acquisition, Purchase Price Allocation, Assets Acquired 14,575,000,000  
Business Acquisition, Purchase Price Allocation, Current Liabilities 2,804,000,000  
Business Acquisition, Purchase Price Allocation, Other Noncurrent Liabilities 1,933,000,000  
Business Acquisition, Purchase Price Allocation, Liability Contracts 1,512,000,000  
Business Acquisition, Purchase Price Allocation, Noncurrent Liabilities, Long-term Debt 2,972,000,000  
Business Combination Acquisition Of Less Than 100 Percent Noncontrolling Interest Fair Value 90,000,000  
Business Acquisition, Purchase Price Allocation, Liabilities Assumed 9,311,000,000  
Business Acquisition, Purchase Price Allocation, Assets Acquired (Liabilities Assumed), Net 5,264,000,000  
Business Acquisition, Pro Forma Information [Abstract]    
Business Acquisition, Pro Forma Revenue   3,997,000,000
Business Acquisition, Pro Forma Net Income (Loss)   129,000,000
Commonwealth Edison Co [Member]
   
Business Acquisition, Impact Of Merger [Abstract]    
Revenues 1,160,000,000 1,388,000,000
Net income (81,000,000) 87,000,000
Restructuring Reserve [Roll Forward]    
Restructuring Reserve, Period Start 1,000,000  
Severance Charges   9,000,000 [4]
Stock Compensation Expense   1,000,000 [4]
Other Expense Charges   1,000,000 [4]
Total Severance Benefits   11,000,000 [1],[4]
Restructuring Reserve, Intercompany Allocation   11,000,000
Restructuring Reserve, Period End 1,000,000  
Merger related severance regulatory asset   11,000,000
Commonwealth Edison Co [Member] | Constellation Energy Group Acquisition [Member]
   
Restructuring Reserve [Roll Forward]    
Merger related regulatory asset 4,000,000 16,000,000
Commonwealth Edison Co [Member] | Constellation Energy Group Acquisition [Member]
   
Business Acquisition Cost Of Acquired Entity [Abstract]    
Business Combination, Integration Related Costs 4,000,000 18,000,000
PECO Energy Co [Member]
   
Business Acquisition, Impact Of Merger [Abstract]    
Revenues 895,000,000 875,000,000
Net income 122,000,000 97,000,000
Restructuring Reserve [Roll Forward]    
Severance Charges   3,000,000
Stock Compensation Expense   1,000,000
Other Expense Charges   1,000,000
Total Severance Benefits   5,000,000 [1]
Restructuring Reserve, Intercompany Allocation   5,000,000
PECO Energy Co [Member] | Constellation Energy Group Acquisition [Member]
   
Business Acquisition Cost Of Acquired Entity [Abstract]    
Business Combination, Integration Related Costs 3,000,000 7,000,000
Baltimore Gas and Electric Company [Member]
   
Business Acquisition, Impact Of Merger [Abstract]    
Revenues 880,000,000 697,000,000
Revenues Impact 880,000,000 52,000,000
Net Income Loss Impact 80,000,000 (65,000,000)
Net income 80,000,000 (30,000,000)
Regulatory Assets Transfer Changes 8,000,000  
Restructuring Reserve [Roll Forward]    
Restructuring Reserve, Period Start 11,000,000  
Severance Charges   14,000,000 [5]
Stock Compensation Expense   1,000,000 [5]
Other Expense Charges   1,000,000 [5]
Total Severance Benefits   16,000,000 [1],[5]
Payments 2,000,000  
Restructuring Reserve, Intercompany Allocation   5,000,000
Restructuring Reserve, Period End 9,000,000 11,000,000
Merger related severance regulatory asset   16,000,000
Baltimore Gas and Electric Company [Member] | Severance [Member]
   
Restructuring Reserve [Roll Forward]    
Restructuring Reserve, Intercompany Allocation   11,000,000
Baltimore Gas and Electric Company [Member] | Constellation Energy Group Acquisition [Member]
   
Restructuring Reserve [Roll Forward]    
Merger related regulatory asset 2,000,000 16,000,000
Baltimore Gas and Electric Company [Member] | Constellation Energy Group Acquisition [Member]
   
Business Acquisition Cost Of Acquired Entity [Abstract]    
Business Combination, Integration Related Costs 2,000,000 169,000,000
Business Acquisition, Impact Of Merger [Abstract]    
Regulatory Assets Transfer Changes 6,000,000  
Constellation Energy Group Acquisition [Member] | Total Assets [Member]
   
Finite Lived Intangible Assets Net [Abstract]    
Finite lived intangible assets gross 1,953,000,000  
Finite lived intangible assets accumulated amortization (1,179,000,000)  
Finite lived intangible assets net 774,000,000  
Finite Lived Intangible Assets Future Amortization Expense [Abstract]    
Future amortization expense within the next twelve months 276,000,000  
Future amortization expense in year two 116,000,000  
Future amortizationExpense in year three 62,000,000  
Future amortization expense in year four 12,000,000  
Future amortization expense in year five 21,000,000  
Future amortization expense in year six and thereafter 287,000,000  
Customer Relationships [Member]
   
Finite Lived Intangible Assets Net [Abstract]    
Amortization Of Contracts 5,000,000 1,000,000
Customer Relationships [Member] | Constellation Energy Group Acquisition [Member]
   
Acquired Finite-Lived Intangible Assets [Line Items]    
Acquired Finite Lived Intangible Asset Weighted Average Useful Life 12 years 4 months 26 days  
Customer Relationships [Member] | Constellation Energy Group Acquisition [Member] | Total Assets [Member]
   
Finite Lived Intangible Assets Net [Abstract]    
Finite lived intangible assets gross 214,000,000  
Finite lived intangible assets accumulated amortization (20,000,000)  
Finite lived intangible assets net 194,000,000  
Finite Lived Intangible Assets Future Amortization Expense [Abstract]    
Future amortization expense within the next twelve months 15,000,000  
Future amortization expense in year two 19,000,000  
Future amortizationExpense in year three 19,000,000  
Future amortization expense in year four 19,000,000  
Future amortization expense in year five 19,000,000  
Future amortization expense in year six and thereafter 103,000,000  
Trade Names [Member]
   
Finite Lived Intangible Assets Net [Abstract]    
Amortization Of Contracts 6,000,000 2,000,000
Trade Names [Member] | Constellation Energy Group Acquisition [Member]
   
Acquired Finite-Lived Intangible Assets [Line Items]    
Acquired Finite Lived Intangible Asset Weighted Average Useful Life 10 years  
Trade Names [Member] | Constellation Energy Group Acquisition [Member] | Total Assets [Member]
   
Finite Lived Intangible Assets Net [Abstract]    
Finite lived intangible assets gross 243,000,000  
Finite lived intangible assets accumulated amortization (26,000,000)  
Finite lived intangible assets net 217,000,000  
Finite Lived Intangible Assets Future Amortization Expense [Abstract]    
Future amortization expense within the next twelve months 18,000,000  
Future amortization expense in year two 24,000,000  
Future amortizationExpense in year three 24,000,000  
Future amortization expense in year four 24,000,000  
Future amortization expense in year five 24,000,000  
Future amortization expense in year six and thereafter 103,000,000  
Power Supply Contracts [Member]
   
Finite Lived Intangible Assets Net [Abstract]    
Finite lived intangible assets net 70,000,000  
Amortization Of Contracts 170,000,000 131,000,000
Power Supply Contracts [Member] | Constellation Energy Group Acquisition [Member]
   
Acquired Finite-Lived Intangible Assets [Line Items]    
Acquired Finite Lived Intangible Asset Weighted Average Useful Life 1 year 6 months 3 days  
Power Supply Contracts [Member] | Constellation Energy Group Acquisition [Member] | Total Assets [Member]
   
Finite Lived Intangible Assets Net [Abstract]    
Finite lived intangible assets gross 1,496,000,000 [6]  
Finite lived intangible assets accumulated amortization (1,133,000,000) [6]  
Finite lived intangible assets net 363,000,000 [6]  
Finite Lived Intangible Assets Future Amortization Expense [Abstract]    
Future amortization expense within the next twelve months 243,000,000 [6]  
Future amortization expense in year two 73,000,000 [6]  
Future amortizationExpense in year three 19,000,000 [6]  
Future amortization expense in year four (31,000,000) [6]  
Future amortization expense in year five (22,000,000) [6]  
Future amortization expense in year six and thereafter $ 81,000,000 [6]  
[1] 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.
[2] 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.
[3] Primarily includes life insurance, employer payroll taxes, educational assistance, and outplacement services.
[4] 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.
[5] 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.
[6] Includes the fair value of BGE's power and gas supply contracts of $70 million for which an offsetting regulatory asset was also recorded