XML 204 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (Unaudited) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets    
CashAndCashEquivalentsNonvariableInterestEntity $ 1,547 $ 1,411
Cash and cash equivalents 1,609 1,486
Cash and cash equivalents of variable interest entities 62 75
Restricted cash and investments 87 86
Restricted cash and investments of variable interest entity 80 47
Accounts receivable, net    
Customer 2,721 2,795
Other 1,175 1,141
Accounts receivable of variable interest entities 260 292
Mark-to-market derivative assets 727 938
Unamortized energy contracts assets 374 886
Inventories, net    
Fossil fuel 276 246
Materials and supplies 829 768
Deferred income taxes 573 131
Regulatory assets 760 764
Other 666 560
Total current assets 10,137 10,140
Property, plant and equipment, net 47,330 45,186
Deferred debits and other assets    
Regulatory assets 5,910 6,497
Nuclear decommissioning trust funds 8,071 7,248
Investments 1,165 1,184
Investments in affiliates 22 22
Investment in CENG 1,925 1,849
Goodwill 2,625 2,625
Receivable from affiliate   2,039
Mark-to-market derivative assets 607 937
Pledged assets for Zion Station decommissioning 458 614
Unamortized energy contracts assets 710 1,073
Other 964 1,128
Deferred income taxes 0 58
Total deferred debits and other assets 22,457 23,235
Total assets 79,924 78,561
Current liabilities    
Short-term borrowings 341  
Short-term notes payable - accounts receivable agreement   210
Long-term debt due within one year 1,424 975
Long-term debt of variable interest entities due within one year 85 72
Accounts payable 2,314 2,378
Accounts payable of variable interest entities 170 202
Accrued expenses 1,633 1,796
Payables to affiliates   112
Deferred income taxes 40 58
Regulatory liabilities 327 368
Mark-to-market derivative liabilities 159 352
Unamortized energy contract liabilities 261 455
Other 858 813
Total current liabilities 7,728 7,791
Long-term debt 17,325 17,190
Long-term debt of variable financing trusts 298 648
Long-term debt of variable interest entity 648 508
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 12,905 11,551
Asset retirement obligations 5,194 5,074
Pension obligations 1,876 3,428
Non-pension postretirement benefit obligations 2,190 2,662
Spent nuclear fuel obligation 1,021 1,020
Regulatory liabilities 4,388 3,981
Mark-to-market derivative liabilities 300 281
Unamortized energy contract liabilities 266 528
Payable for Zion Station decommissioning 305 432
Other 2,540 1,650
Total deferred credits and other liabilities 30,985 30,607
Total liabilities 56,984 56,744
Commitments and contingencies 0 0
Preferred securities   87
Shareholders' equity    
Common stock 16,741 16,632
Treasury stock, at cost (35 and 35 shares held at December 31, 2010 and December 31, 2009, respectively) (2,327) (2,327)
Retained earnings 10,358 9,893
Accumulated other comprehensive income (loss), net (2,040) (2,767)
Total shareholders' equity 22,732 21,431
BGE preference stock not subject to mandatory redemption 193 193
Noncontrolling interest 15 106
Total equity 22,940 21,730
Total liabilities and shareholders' equity 79,924 78,561
Member's equity    
Accumulated other comprehensive income (loss), net (2,040) (2,767)
Removal Costs [Member]
   
Current liabilities    
Regulatory liabilities 99 97
Deferred credits and other liabilities    
Regulatory liabilities 1,423 1,406
Exelon Generation Co L L C [Member]
   
Current assets    
CashAndCashEquivalentsNonvariableInterestEntity 1,196 596
Cash and cash equivalents 1,258 671
Cash and cash equivalents of variable interest entities 62 75
Restricted cash and cash equivalents 19 0
Restricted cash and investments of variable interest entity 52 16
Accounts receivable, net    
Customer 1,429 1,482
Other 353 472
Accounts receivable of variable interest entities 260 292
Mark-to-market derivative assets 727 938
Mark-to-market derivative assets with affiliates   226
Receivables from affiliates 108 141
Unamortized energy contracts assets 374 886
Inventories, net    
Fossil fuel 164 130
Materials and supplies 671 626
Deferred income taxes 475  
Receivable from Exelon intercompany money pool 44  
Other 505 331
Total current assets 6,439 6,211
Property, plant and equipment, net 20,111 19,531
Deferred debits and other assets    
Nuclear decommissioning trust funds 8,071 7,248
Investments 400 420
Investment in CENG 1,925 1,849
Receivable from affiliate 22 22
Mark-to-market derivative assets 600 924
Prepaid pension asset 1,873 1,975
Pledged assets for Zion Station decommissioning 458 614
Unamortized energy contracts assets 710 1,073
Other 645 836
Total deferred debits and other assets 14,682 14,939
Total assets 41,232 40,681
Current liabilities    
Short-term borrowings 22 0
Long-term debt due within one year 556 24
Long-term debt of variable interest entities due within one year 5 4
Accounts payable 1,152 1,326
Accounts payable of variable interest entities 170 202
Accrued expenses 976 1,116
Payables to affiliates 181 213
Deferred income taxes 25 128
Mark-to-market derivative liabilities 142 334
Unamortized energy contract liabilities 249 378
Other 389 372
Total current liabilities 3,867 4,097
Long-term debt 5,559 5,245
Long-term debt to affiliate   2,007
Long-term debt of variable financing trusts 1,523  
Long-term debt of variable interest entity 86 203
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 6,295 5,398
Asset retirement obligations 5,047 4,938
Non-pension postretirement benefit obligations 850 755
Spent nuclear fuel obligation 1,021 1,020
Payables to affiliates 2,740 2,397
Mark-to-market derivative liabilities 120 232
Unamortized energy contract liabilities 266 516
Payable for Zion Station decommissioning 305 432
Other 811 776
Total deferred credits and other liabilities 17,455 16,464
Total liabilities 28,490 28,016
Commitments and contingencies 0 0
Shareholders' equity    
Accumulated other comprehensive income (loss), net 214 513
Noncontrolling interest 17 108
Member's equity    
Membership interest 8,898 8,876
Undistributed earnings 3,613 3,168
Accumulated other comprehensive income (loss), net 214 513
Total member's equity 12,725 12,557
Total equity 12,742 12,665
Total liabilities and equity 41,232 40,681
Commonwealth Edison Co [Member]
   
Current assets    
Cash and cash equivalents 36 144
Restricted cash and cash equivalents 2 0
Accounts receivable, net    
Customer 451 539
Other 584 452
Receivables from affiliates 3 3
Inventories, net    
Inventories, net 109 91
Deferred income taxes 0 83
Counterparty collateral deposited 0 53
Regulatory assets 329 388
Other 29 25
Total current assets 1,540 1,775
Property, plant and equipment, net 14,666 13,826
Deferred debits and other assets    
Regulatory assets 933 666
Investments 5 8
Investments in affiliates 6 6
Goodwill 2,625 2,625
Receivable from affiliate 2,469 2,039
Mark-to-market derivative assets 0 0
Prepaid pension asset 1,583 1,661
Other 291 299
Total deferred debits and other assets 7,912 7,304
Total assets 24,118 22,905
Current liabilities    
Short-term borrowings 184 0
Long-term debt due within one year 617 252
Accounts payable 449 379
Accrued expenses 307 295
Payables to affiliates 83 97
Customer deposits 133 136
Regulatory liabilities 170 170
Mark-to-market derivative liabilities 17 18
Mark-to-market derivative liabilities with affiliate 0 226
Other 72 82
Total current liabilities 2,048 1,655
Long-term debt 5,058 5,315
Long-term debt of variable financing trusts 206 206
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 4,116 4,272
Asset retirement obligations 99 99
Non-pension postretirement benefit obligations 381 273
Regulatory liabilities 3,512 3,229
Mark-to-market derivative liabilities 176 49
Mark-to-market derivative liabilities with affiliate 0 0
Deferred income taxes 16  
Other 994 484
Total deferred credits and other liabilities 9,278 8,406
Total liabilities 16,590 15,582
Commitments and contingencies 0 0
Shareholders' equity    
Common stock 1,588 1,588
Other paid-in capital 5,190 5,014
Retained earnings 750 721
Total shareholders' equity 7,528 7,323
Total liabilities and shareholders' equity 24,118 22,905
Commonwealth Edison Co [Member] | Removal Costs [Member]
   
Current liabilities    
Regulatory liabilities 78 75
Deferred credits and other liabilities    
Regulatory liabilities 1,219 1,192
PECO Energy Co [Member]
   
Current assets    
Cash and cash equivalents 217 362
Restricted cash and cash equivalents 2 0
Accounts receivable, net    
Customer 360 364
Other 107 161
Inventories, net    
Fossil fuel 60 65
Materials and supplies 21 19
Deferred income taxes 83 40
Receivable from Exelon intercompany money pool 0 0
Prepaid utility taxes 3 21
Regulatory assets 17 32
Other 36 30
Total current assets 906 1,094
Property, plant and equipment, net 6,384 6,078
Deferred debits and other assets    
Regulatory assets 1,448 1,378
Investments 23 22
Investments in affiliates 8 8
Receivable from affiliate 447 360
Prepaid pension asset 363 373
Other 38 40
Total deferred debits and other assets 2,327 2,181
Total assets 9,617 9,353
Current liabilities    
Short-term notes payable - accounts receivable agreement 0 210
Long-term debt due within one year 250 300
Long-term debt to PECO Energy Transition Trust due within one year 0 0
Accounts payable 285 244
Accrued expenses 106 82
Payables to affiliates 58 76
Deferred income taxes 0 0
Customer deposits 49 51
Regulatory liabilities 106 169
Mark-to-market derivative liabilities 0 0
Mark-to-market derivative liabilities with affiliate 0 0
Other 37 26
Total current liabilities 891 1,158
Long-term debt 1,947 1,647
Long-term debt of variable financing trusts 184 [1] 184 [1]
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 2,487 2,331
Asset retirement obligations 29 29
Non-pension postretirement benefit obligations 286 284
Regulatory liabilities 629 538
Mark-to-market derivative liabilities 0 0
Mark-to-market derivative liabilities with affiliate 0 0
Other 99 113
Total deferred credits and other liabilities 3,530 3,295
Total liabilities 6,552 6,284
Preferred securities 0 87
Shareholders' equity    
Common stock 2,415 2,388
Receivable from parent 0 0
Retained earnings 649 593
Accumulated other comprehensive income (loss), net 1 1
Total shareholders' equity 3,065 2,982
Total liabilities and shareholders' equity 9,617 9,353
Member's equity    
Accumulated other comprehensive income (loss), net 1 1
PECO Energy Co [Member] | Removal Costs [Member]
   
Current liabilities    
Regulatory liabilities 0 0
Deferred credits and other liabilities    
Regulatory liabilities 0 0
Baltimore Gas and Electric Company [Member]
   
Current assets    
Cash and cash equivalents 31 89
Restricted cash and investments of variable interest entity 28 30
Accounts receivable, net    
Customer 480 409
Other 114 111
Income taxes receivable 30 3
Inventories, net    
Fossil fuel 53 51
Materials and supplies 28 31
Deferred income taxes 2 1
Prepaid utility taxes 57 57
Regulatory assets 181 190
Other 7 8
Total current assets 1,011 980
Property, plant and equipment, net 5,864 5,498
Deferred debits and other assets    
Regulatory assets 524 522
Investments 5 5
Investments in affiliates 8 8
Prepaid pension asset 423 467
Other 26 26
Deferred income taxes 0  
Total deferred debits and other assets 986 1,028
Total assets 7,861 7,506
Current liabilities    
Short-term borrowings 135  
Long-term debt due within one year 0 400
Long-term debt of variable interest entities due within one year 70 67
Accounts payable 270 235
Accrued expenses 111 102
Payables to affiliates 55 69
Deferred income taxes 27 0
Customer deposits 76 71
Regulatory liabilities 48 29
Other 35 7
Total current liabilities 827 980
Long-term debt 1,746 1,446
Long-term debt of variable financing trusts 258 258
Long-term debt of variable interest entity 195 265
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 1,773 1,658
Asset retirement obligations 19 8
Non-pension postretirement benefit obligations 217 229
Regulatory liabilities 204 214
Other 67 90
Total deferred credits and other liabilities 2,280 2,199
Total liabilities 5,306 5,148
Shareholders' equity    
Common stock 1,360 1,360
Retained earnings 1,005 808
Total shareholders' equity 2,365 2,168
BGE preference stock not subject to mandatory redemption 190 190
Total equity 2,555 2,358
Total liabilities and shareholders' equity 7,861 7,506
Baltimore Gas and Electric Company [Member] | Removal Costs [Member]
   
Current liabilities    
Regulatory liabilities 21 22
Deferred credits and other liabilities    
Regulatory liabilities $ 204 $ 214
[1] Amounts owed to this financing trust are recorded as debt to financing trusts within PECO's Consolidated Balance Sheets.