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Consolidated Statements of Operations and Comprehensive Income (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Operating revenues [Abstract]        
Operating revenues       $ 133
Operating revenues from affiliates 0 [1] 2 [1] 0 [2] 2 [2]
Operating revenues 6,912 [3] 6,502 [3] 20,173 [4] 18,725 [4]
Operating expenses        
Purchased power and fuel 2,591 2,404 8,943 7,199
Purchased power and fuel from affiliates 57 339 456 944
Operating and maintenance 1,982 1,735 6,005 5,391
Depreciation and amortization 577 530 1,732 1,606
Taxes other than income 306 277 887 825
Total operating expenses 5,513 5,285 18,023 15,965
Equity in earnings (loss) of unconsolidated affiliates 1 37 (20) 7
Gain on consolidation of CENG 0 0 261 0
Operating income 1,400 1,254 2,391 2,767
Other income and (deductions)        
Interest expense, net (247) (228) (691) (1,091)
Interest expense to affiliates, net (11) (6) (31) (19)
Other, net 354 155 702 311
Total other income and (deductions) 96 (79) (20) (799)
Income before income taxes 1,496 1,175 2,371 1,968
Income taxes 422 439 646 733
Net income 1,074 736 1,725 1,235
Net income (loss) attributable to noncontrolling interest, preferred security dividends and redemption and preference stock dividends 81 (2) 121 11
Net income attributable to common shareholders 993 738 1,604 1,224
Pension and non-pension postretirement benefit plans:        
Prior service (benefit) cost reclassified to periodic benefit cost (11) 1 (18) 0
Actuarial loss reclassified to periodic cost 38 49 109 151
Pension and non-pension postretirement benefit plans valuation adjustment (8) (8) 240 69
Deferred compensation unit valuation adjustment 0 0 0 10
Unrealized (loss) on cash flow hedges (19) (46) (92) (169)
Unrealized gain (loss) on equity investments (3) 16 8 51
Unrealized (loss) on foreign currency translation (5) 0 (6) (5)
Unrealized (loss) on marketable securities (3) 0 (2) (1)
Reversal of CENG equity method AOCI 0 0 (116) 0
Other comprehensive income (loss) (11) 12 123 [5] 106 [5]
Comprehensive income 1,063 748 1,848 1,341
Average shares of common stock outstanding:        
Average common shares outstanding — basic 861 857 860 856
Average common shares outstanding — diluted 863 860 863 860
Earnings per average common share:        
Earnings per share - basic (in usd per share) $ 1.15 $ 0.86 $ 1.87 $ 1.43
Earnings per average common share - diluted        
Earnings per share - diluted (in usd per share) $ 1.15 $ 0.86 $ 1.86 $ 1.42
Dividends per common share (in usd per share) $ 0.31 $ 0.31 $ 0.93 $ 1.15
Exelon Generation Co L L C [Member]
       
Operating revenues [Abstract]        
Operating revenues 4,300 3,871 11,944 10,729
Operating revenues from affiliates 112 384 647 1,129
Operating revenues 4,412 4,255 12,591 11,858
Operating expenses        
Purchased power and fuel from affiliates 59 342 476 953
Purchased power and fuel 1,821 1,837 6,595 5,341
Operating and maintenance 1,114 936 3,308 2,943
Operating and maintenance from affiliates 152 140 457 434
Depreciation and amortization 253 218 719 643
Taxes other than income 127 98 350 292
Total operating expenses 3,526 3,571 11,905 10,606
Equity in earnings (loss) of unconsolidated affiliates 1 37 (20) 7
Gain on consolidation of CENG 0 0 261 0
Operating income 887 721 927 1,259
Other income and (deductions)        
Interest expense, net (77) (69) (224) (210)
Interest expense to affiliates, net (12) (13) (37) (47)
Other, net 342 134 661 229
Total other income and (deductions) 253 52 400 (28)
Income before income taxes 1,140 773 1,327 1,231
Income taxes 291 288 290 436
Net income 849 485 1,037 795
Net income (loss) attributable to noncontrolling interests 78 (5) 111 (6)
Net income attributable to membership interest 771 490 926 801
Pension and non-pension postretirement benefit plans:        
Unrealized (loss) on cash flow hedges (16) (49) (86) (316)
Unrealized gain (loss) on equity investments (3) 16 8 52
Unrealized (loss) on foreign currency translation (5) 1 (6) (5)
Unrealized (loss) on marketable securities (2) 0 (3) (1)
Reversal of CENG equity method AOCI 0 0 (116) 0
Other comprehensive income (loss) (26) (32) (203) [5] (270) [5]
Comprehensive income 823 453 834 525
Commonwealth Edison Co [Member]
       
Operating revenues [Abstract]        
Operating revenues 1,221 1,155 3,482 3,393
Operating revenues from affiliates 1 1 2 2
Operating revenues 1,222 1,156 3,484 3,395
Operating expenses        
Purchased power and fuel 325 158 741 522
Purchased power and fuel from affiliates 1 143 174 409
Operating and maintenance 320 296 923 907
Operating and maintenance from affiliates 39 37 117 113
Depreciation and amortization 174 164 521 501
Taxes other than income 76 80 225 225
Total operating expenses 935 878 2,701 2,677
Operating income 287 278 783 718
Other income and (deductions)        
Interest expense, net (78) (71) (231) (493)
Interest expense to affiliates, net (3) (3) (10) (10)
Other, net 4 7 14 18
Total other income and (deductions) (77) (67) (227) (485)
Income before income taxes 210 211 556 233
Income taxes 84 85 221 93
Net income 126 126 335 140
Pension and non-pension postretirement benefit plans:        
Comprehensive income 126 126 335 140
PECO Energy Co [Member]
       
Operating revenues [Abstract]        
Operating revenues 693 727 2,342 2,294
Operating revenues from affiliates 0 1 1 1
Operating revenues 693 728 2,343 2,295
Operating expenses        
Purchased power and fuel 228 207 798 632
Purchased power and fuel from affiliates 27 82 162 321
Operating and maintenance 181 162 597 480
Operating and maintenance from affiliates 23 24 71 74
Depreciation and amortization 59 57 176 171
Taxes other than income 42 41 122 121
Total operating expenses 560 573 1,926 1,799
Equity in earnings (loss) of unconsolidated affiliates       0
Operating income 133 155 417 496
Other income and (deductions)        
Interest expense, net (26) (26) (76) (77)
Interest expense to affiliates, net (3) (3) (9) (9)
Other, net 2 1 5 4
Total other income and (deductions) (27) (28) (80) (82)
Income before income taxes 106 127 337 414
Income taxes 25 35 82 122
Net income 81 92 255 292
Preferred security dividends and redemption 0 0 0 7
Net income attributable to common shareholders 81 92 255 285
Pension and non-pension postretirement benefit plans:        
Comprehensive income 81 92 255 292
Baltimore Gas and Electric Company [Member]
       
Operating revenues [Abstract]        
Operating revenues 694 735 2,383 2,261
Operating revenues from affiliates 3 2 21 10
Operating revenues 697 737 2,404 2,271
Operating expenses        
Purchased power and fuel 216 202 808 703
Purchased power and fuel from affiliates 81 144 286 356
Operating and maintenance 142 125 468 391
Operating and maintenance from affiliates 23 21 73 59
Depreciation and amortization 78 78 275 252
Taxes other than income 55 53 168 162
Total operating expenses 595 623 2,078 1,923
Equity in earnings (loss) of unconsolidated affiliates       0
Operating income 102 114 326 348
Other income and (deductions)        
Interest expense, net (22) (25) (69) (82)
Interest expense to affiliates, net (4) (4) (12) (12)
Other, net 4 4 14 13
Total other income and (deductions) (22) (25) (67) (81)
Income before income taxes 80 89 259 267
Income taxes 31 36 103 107
Net income 49 53 156 160
Preferred security dividends and redemption 3 3 10 10
Net income attributable to common shareholders 46 50 146 150
Pension and non-pension postretirement benefit plans:        
Comprehensive income $ 49 $ 53 $ 156 $ 160
[1] Intersegment revenues exclude sales to unconsolidated affiliates. The intersegment profit associated with Generation’s sale of certain products and services by and between Exelon’s segments is not eliminated in consolidation due to the recognition of intersegment profit in accordance with regulatory accounting guidance. For Exelon, these amounts are included in Operating revenues in the Consolidated Statements of Operations and Comprehensive Income.
[2] Intersegment revenues exclude sales to unconsolidated affiliates. The intersegment profit associated with the Generation’s sale of certain products and services by and between Exelon’s segments is not eliminated in consolidation due to the recognition of intersegment profit in accordance with regulatory accounting guidance. For Exelon, these amounts are included in Operating revenues in the Consolidated Statements of Operations and Comprehensive Income.
[3] For the three months ended September 30, 2014 and 2013, utility taxes of $22 million and $21 million, respectively, are included in revenues and expenses for Generation. For the three months ended September 30, 2014 and 2013, utility taxes of $61 million and $65 million, respectively, are included in revenues and expenses for ComEd. For the three months ended September 30, 2014 and 2013, utility taxes of $34 million and $33 million, respectively, are included in revenues and expenses for PECO. For the three months ended September 30, 2014 and 2013, utility taxes of $21 million and $20 million, respectively, are included in revenues and expenses for BGE.
[4] For the nine months ended September 30, 2014 and 2013, utility taxes of $67 million and $60 million, respectively, are included in revenues and expenses for Generation. For the nine months ended September 30, 2014 and 2013, utility taxes of $180 million and $182 million, respectively, are included in revenues and expenses for ComEd. For the nine months ended September 30, 2014 and 2013, utility taxes of $99 million and $97 million, respectively, are included in revenues and expenses for PECO. For the nine months ended September 30, 2014 and 2013, utility taxes of $64 million and $62 million, respectively, are included in revenues and expenses for BGE.
[5] All amounts are net of tax. Amounts in parenthesis represent a decrease in accumulated other comprehensive income.