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Merger and Acquisitions (Tables)
9 Months Ended
Sep. 30, 2013
Business Acquisition [Line Items]  
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]
            Estimated amortization expense
DescriptionWeighted Average Amortization (Years) (b) Gross Accumulated Amortization  Net  Remainder of 2013 2014 2015 2016 2017 2018 and Beyond
Unamortized energy contracts, net (a) 1.5 $1,499 $(1,299) $200 $79 $75 $18 $(31) $(21) $80
Trade name 10.0  243  (40)  203  6  24  24  24  24  101
Retail relationships 12.4  214  (31)  183  5  19  18  18  18  105
                             
Total, net  $1,956 $(1,370) $586 $90 $118 $60 $11 $21 $286

       

  • Includes the fair value of BGE's power and gas supply contracts of $32 million for which an offsetting regulatory asset was also recorded.
  • Weighted average amortization period was calculated as of the date of acquisition.

 

Schedule of Restructuring and Related Costs [Text Block]
Three Months Ended September 30, 2012               
Severance Benefits (a)  Exelon  Generation  ComEd (b)  PECO  BGE (c)
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 (d)  7  4  1  0  1
Total severance benefits $130 $76 $18 $8 $19

_________________

  • 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 $2 million and $18 million for severance benefits costs for the three and nine months ended September 30, 2012, respectively. The majority of these costs are expected to be recovered over a five-year period.
  • BGE established regulatory assets of $1 million and $19 million for severance benefits costs for the three and nine months ended September 30, 2012, respectively. The majority of these costs are being recovered over a five-year period beginning in March 2013.

(d) Primarily includes life insurance, employer payroll taxes, educational assistance and outplacement services.

 

 

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]
Nine Months Ended September 30, 2013               
Severance liability  Exelon   Generation  ComEd  PECO  BGE
Balance at December 31, 2012 $111 $33 $1 $0 $11
Severance charges (a)  5  1  0  0  0
Stock compensation  1  0  0  0  0
Payments  (52)  (20)  0  0  (4)
Balance at September 30, 2013 $65 $14 $1 $0 $7

       

  • Includes salary continuance and health and welfare severance benefits. Amounts represent ongoing severance plan benefits.

 

 

Business Acquisition, Pro Forma Information [Table Text Block]
  Three Months Ended September 30, 2012
  Generation  Exelon
Total Revenues$4,293 $6,841
Net income attributable to Exelon 282  492
      
Basic Earnings Per Share n.a. $0.58
Diluted Earnings Per Share n.a.  0.57
      
  Nine Months Ended September 30, 2012
  Generation  Exelon
Total Revenues$12,753 $20,084
Net income attributable to Exelon 805  1,439
      
Basic Earnings Per Share n.a. $1.79
Diluted Earnings Per Share n.a.  1.79
Schedule Of Business Acquisitions By Acquisition [Text Block]
Purchase Price Allocation, excluding amortizationExelonGeneration
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