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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2013
Commitments And Contingencies Tables Disclosure [Line Items]  
Utility Energy Purchase Commitments [Text Block]
    Expiration within
                   2019
 Total  2014 2015 2016 2017 2018 and beyond
                     
ComEd                    
Electric supply procurement(a)$ 736 $ 323 $ 136 $ 137 $ 140 $0 $0
Renewable energy and RECs(b)  1,589   72   74   76   77   83   1,207
PECO                    
Electric supply procurement(c)  681   590   91  0  0  0  0
AECs(d)  14   2   2   2   2   2   4
BGE                    
Electric supply procurement(e)  1,256   783   400   73  0  0  0
Curtailment services(f)  132   45   40   34   13  0  0

_________________

  • ComEd entered into various contracts for the procurement of electricity that started to expire in 2012, and will continue to expire through 2017. ComEd is permitted to recover its electric supply procurement costs from retail customers with no mark-up. See Note 3 – Regulatory Matters for additional information.
  • ComEd entered into 20-year contracts for renewable energy and RECs beginning in June 2012. ComEd is permitted to recover its renewable energy and REC costs from retail customers with no mark-up. The annual commitments represent the maximum settlements with suppliers for renewable energy and RECs under the existing contract terms. Pursuant to the ICC's Order on December 19, 2012, ComEd's commitments under the existing long-term contracts were reduced for the June 2013 through May 2014 procurement period. The ICC's December 18, 2013 order approved the reduction of ComEd's commitments under the long-term contracts for the June 2014 through May 2015 procurement period, however the amount of the reduction will not be finalized and approved by the ICC until March 2014. See Note 3 – Regulatory Matters for additional information.
  • PECO entered into various contracts for the procurement of electric supply to serve its default service customers that expire between 2014 and 2015. PECO is permitted to recover its electric supply procurement costs from default service customers with no mark-up in accordance with its PAPUC-approved DSP Programs. See Note 3 – Regulatory Matters for additional information.
  • PECO is subject to requirements related to the use of alternative energy resources established by the AEPS Act. See Note 3 – Regulatory Matters for additional information.
  • BGE entered into various contracts for the procurement of electricity beginning 2013 through 2016. The cost of power under these contracts is recoverable under MDPSC approved fuel clauses. See Note 3 – Regulatory Matters for additional information.
  • BGE has entered into various contracts with curtailment services providers related to transactions in PJM's capacity market. See Note 3 – Regulatory Matters for additional information.

 

Fuel Purchase Commitments [Text Block]
    Expiration within
                   2019
 Total  2014 2015 2016 2017 2018 and beyond
                     
Generation$ 8,490 $ 1,212 $ 1,256 $ 1,040 $ 1,044 $ 763 $ 3,175
PECO  507   179   112   98   37   15   66
BGE  609   129   59   57   57   51   256
Commercial Commitments [Text Block]
    Expiration within
              2019
  Total 20142015201620172018and beyond
                
Letters of credit (non-debt) (a)$ 1,520$ 1,217$ 298$$ 5$$
Surety bonds (b)  339  301  2  6  4  1  25
Performance guarantees (c)  1,107  350      757
Energy marketing contract               
 guarantees (d)  3,161  3,161     
Lease guarantees (e)  44       44
Nuclear insurance premiums (f)  3,529       3,529
                
Total commercial commitments$ 9,700$ 5,029$ 300$ 6$ 9$ 1$ 4,355

 

(a)       Letters of credit (non-debt) - Exelon and certain of its subsidiaries maintain non-debt letters of credit to provide credit support for certain transactions as requested by third parties.        

(b)       Surety bonds - Guarantees issued related to contract and commercial agreements, excluding bid bonds.

(c)       Performance guarantees - Guarantees issued to ensure performance under specific contracts, including $211 million issued on behalf of CENG nuclear generating facilities for credit support, $200 million of Trust Preferred Securities of ComEd Financing III, $178 million of Trust Preferred Securities of PECO Trust III and IV and $250 million of Trust Preferred Securities of BGE Capital Trust II.

(d)       Energy marketing contract guarantees - Guarantees issued to ensure performance under energy commodity contracts. Amount includes approximately $3 billion of guarantees previously issued by Constellation on behalf of its Generation and NewEnergy business to allow it the flexibility needed to conduct business with counterparties without having to post other forms of collateral. The majority of these guarantees contain evergreen provisions that require the guarantee to remain in effect until cancelled. Exelon's estimated net exposure for obligations under commercial transactions covered by these guarantees is approximately $463 million at December 31, 2013, which represents the total amount Exelon could be required to fund based on December 31, 2013 market prices.

(e)       Lease guarantees - Guarantees issued to ensure payments on building leases.

(f)       Nuclear insurance premiums - Represents the maximum amount that Generation would be required to pay for retrospective premiums in the event of nuclear disaster at any domestic site under the Secondary Financial Protection pool as required under the Price-Anderson Act as well as the current aggregate annual retrospective premium obligation that could be imposed by NEIL. See the Nuclear Insurance section within this note for additional details on Generation's nuclear insurance premiums.

 

Operating Leases Of Lessee Disclosure [Text Block]
 Exelon  Generation  ComEd (b) PECO (b) BGE (b)(c)
               
2014$ 103 $ 49 $ 13 $ 13 $ 12
2015  91   50   11   3   11
2016  89   49   11   3   9
2017  82   48   7   3   8
2018  63   40   2   3   7
Remaining years  398   336   3     14
               
Total minimum future lease payments$ 826(a)$ 572(a)$ 47 $ 25 $ 61

 

(a)       Excludes Generation's PPAs and other capacity contracts that are accounted for as contingent operating lease payments.

(b) Amounts related to certain real estate leases and railroad licenses effectively have indefinite payment periods. As a result, ComEd, PECO and BGE have excluded these payments from the remaining years, as such amounts would not be meaningful. ComEd's, PECO's and BGE's annual obligation for these arrangements, included in each of the years 2014 - 2018, was $1 million, $3 million and $1 million respectively.

(c)       Includes all future lease payments on a 99 year real estate lease that expires in 2105.

 

Operating Leases Rent Expense [Text Block]
For the Year Ended December 31,Exelon  Generation (a) ComEd  PECO  BGE
               
2013$ 806 $ 744 $ 15 $ 21 $ 11
2012  930   872   18   27   12
2011  711   659   18   28   15

 

 

(a)       Includes Generation's PPAs and other capacity contracts that are accounted for as operating leases and are reflected as net capacity purchases in the energy commitments table above. These agreements are considered contingent operating lease payments and are not included in the minimum future operating lease payments table above. Payments made under Generation's PPAs and other capacity contracts totaled $694 million, $801 million and $630 million during 2013, 2012 and 2011, respectively.

 

Accrued environmental liabilities [Text Block]
 Total environmental investigation Portion of total related to MGP
December 31, 2013and remediation reserve  investigation and remediation
          
Exelon $ 338   $ 273 
Generation   56    0 
ComEd   234     229 
PECO   47     44 
BGE   1    0 
          
 Total environmental investigation Portion of total related to MGP
December 31, 2012and remediation reserve  investigation and remediation
          
Exelon $ 351   $ 298 
Generation   42    0 
ComEd   261     254 
PECO   47     44 
BGE   1    0 
Other Purchase Obligation [Table Text Block]
    Expiration within
                   2019
 Total  2014 2015 2016 2017 2018 and beyond
                     
Exelon$ 262 $ 61 $ 34 $ 32 $ 31 $ 26 $ 78
Generation  504   170   131   45   42   30   86
ComEd (a)  122   88   5   5   5   5   14
PECO (a)  40   30   1   1   1   1   6
BGE (a)  53   44   2   5   2    
Exelon Generation Co L L C [Member]
 
Commitments And Contingencies Tables Disclosure [Line Items]  
Energy Commitments [Text Block]
 Net Capacity REC Transmission Rights Purchased Energy  
 Purchases (a)  Purchases (b)  Purchases (c)  from CENG Total
                        
2014 $ 412   $ 117   $ 25   $ 824  $1,378 
2015   367     110     13       490 
2016   284     76     2       362 
2017   223     25     2       250 
2018   112     3     2       117 
Thereafter   414     3     32        449 
                        
Total $ 1,812   $ 334   $ 76   $ 824  $ 3,046 

(a)       Net capacity purchases include PPAs and other capacity contracts including those that are accounted for as operating leases. Amounts presented in the commitments represent Generation's expected payments under these arrangements at December 31, 2013, net of fixed capacity payments expected to be received by Generation under contracts to resell such acquired capacity to third parties under long-term capacity sale contracts. Expected payments include certain fixed capacity charges which may be reduced based on plant availability.

(b)       The table excludes renewable energy purchases that are contingent in nature.

(c)       Transmission rights purchases include estimated commitments for additional transmission rights that will be required to fulfill firm sales contracts.

 

Commercial Commitments [Text Block]
    Expiration within
              2019
  Total 20142015201620172018and beyond
                
Letters of credit (non-debt) (a)$ 1,477$ 1,174$ 298$$ 5$$
Performance guarantees (b)  357  343      14
Energy marketing contract guarantees (c)  832  832     
Nuclear insurance premiums (d)  3,529       3,529
                
Total commercial commitments$ 6,195$ 2,349$ 298$$ 5$$ 3,543

 

(a)       Letters of credit (non-debt) - Non-debt letters of credit maintained to provide credit support for certain transactions as requested by third parties.

(b)       Performance guarantees - Guarantees issued to ensure performance under specific contracts including $211 million issued on behalf of CENG nuclear generating facilities for credit support.

(c)       Energy marketing contract guarantees - Guarantees issued to ensure performance under energy commodity contracts. Amount includes approximately $749 million of guarantees previously issued by Constellation on behalf of its Generation and NewEnergy business to allow it the flexibility needed to conduct business with counterparties without having to post other forms of collateral. The majority of these guarantees contain evergreen provisions that require the guarantee to remain in effect until cancelled. Generation's estimated net exposure for obligations under commercial transactions covered by these guarantees is approximately $0.2 billion at December 31, 2013, which represents the total amount Generation could be required to fund based on December 31, 2013 market prices.

(d)        Nuclear insurance premiums - Represents the maximum amount that Generation would be required to pay for retrospective premiums in the event of nuclear disaster at any domestic site under the Secondary Financial Protection pool as required under the Price-Anderson Act as well as the current aggregate annual retrospective premium obligation that could be imposed by NEIL. See Nuclear Insurance section within this note for additional details on Generation's nuclear insurance premiums.

 

Commonwealth Edison Co [Member]
 
Commitments And Contingencies Tables Disclosure [Line Items]  
Commercial Commitments [Text Block]
     Expiration within
                    2019
  Total  2014 2015 2016 2017 2018 and beyond
                      
Letters of credit (non-debt) (a)$ 19 $ 19 $ $ $ $ $
Surety bonds (b)  9   9          
Performance guarantees (c)  200             200
                      
Total commercial commitments$ 228 $ 28 $ $ $ $ $ 200

 

(a)       Letters of credit (non-debt) - ComEd maintains non-debt letters of credit to provide credit support for certain transactions as requested by third parties.

(b)       Surety bonds - Guarantees issued related to contract and commercial agreements, excluding bid bonds.

(c)       Performance guarantees - Reflects full and unconditional guarantee of Trust Preferred Securities of ComEd Financing III which is a 100% owned finance subsidiary of ComEd.

 

PECO Energy Co [Member]
 
Commitments And Contingencies Tables Disclosure [Line Items]  
Commercial Commitments [Text Block]
     Expiration within
                    2019
  Total  2014 2015 2016 2017 2018 and beyond
                      
Letters of credit (non-debt) (a)$ 22 $ 22 $ $ $ $ $
Surety bonds (b)  3   3          
Performance guarantees(c)  178             178
                      
Total commercial commitments$ 203 $ 25 $ $ $ $ $ 178

 

(a)       Letters of credit (non-debt) - PECO maintains non-debt letters of credit to provide credit support for certain transactions as requested by third parties.

(b)       Surety bonds - Guarantees issued related to contract and commercial agreements, excluding bid bonds.

(c)       Performance guarantees - Reflects full and unconditional guarantee of Trust Preferred Securities of PECO Trust III and IV, which are 100% owned finance subsidiaries of PECO.

 

Baltimore Gas and Electric Company [Member]
 
Commitments And Contingencies Tables Disclosure [Line Items]  
Commercial Commitments [Text Block]
     Expiration within
                    2019
  Total  2014 2015 2016 2017 2018 and beyond
                      
Letters of credit (non-debt) (a)$ 1 $ 1 $ $ $ $ $
Surety bonds (b)  9   9          
Performance guarantees (c)  250             250
                      
Total commercial commitments$ 260 $ 10 $ $ $ $ $ 250

 

  • Letters of credit (non-debt) - BGE maintains non-debt letters of credit to provide credit support for certain transactions as requested by third parties.
  • Surety bond – Guarantees issued related to contract and commercial agreements, excluding bid bonds.
  • Performance guarantee - Reflects full and unconditional guarantee of Trust Preferred Securities of BGE Capital Trust which is an unconsolidated VIE of BGE.