Debt and Credit Agreements (Tables)

9 Months Ended

Sep. 30, 2014

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Exelon had bank lines of credit under committed credit facilities at September 30, 2014 for short-term financial needs, as follows:

Type of Credit Facility	Amount(a)		Expiration Dates	Capacity Type
	(In billions)
Exelon Corporate
Syndicated Revolver(b)	$	0.5	May 2019	Letters of credit and cash
Generation
Syndicated Revolver	5.1		May 2019	Letters of credit and cash
Syndicated Revolver	0.2		August 2018	Letters of credit and cash
Bilateral	0.3		December 2015 and March 2016	Letters of credit and cash
Bilateral	0.1		January 2015	Letters of credit
Bilateral	0.1		October 2014	Letters of credit and cash
ComEd
Syndicated Revolver	1.0		March 2019	Letters of credit and cash
PECO
Syndicated Revolver(b)	0.6		May 2019	Letters of credit and cash
BGE
Syndicated Revolver(b)	0.6		May 2019	Letters of credit and cash
Total	$	8.5

(a) Excludes additional credit facility agreements for Generation, ComEd, PECO and BGE with aggregate commitments of $50 million, $34 million, $34 million and $5 million, respectively, arranged with minority and community banks located primarily within ComEd’s, PECO’s and BGE’s service territories. These facilities expired on October 17, 2014 and were renewed at the same amount through October 16, 2015. These facilities are solely utilized to issue letters of credit. As of September 30, 2014, letters of credit issued under these agreements for Generation, ComEd, PECO and BGE totaled $9 million, $18 million, $21 million and $1 million, respectively. Also, excludes the unsecured bridge credit facility of $3.9 billion to support the PHI transaction discussed below, as well as, applicable asset divestitures.

(b) Includes credit facilities for Exelon Corporate, PECO and BGE with aggregate commitments of $22 million, $27 million and $27 million, respectively, that expire in August 2018.

The Registrants had the following amounts of commercial paper borrowings outstanding as of September 30, 2014 and December 31, 2013:

Commercial Paper Borrowings	September 30, 2014		December 31, 2013
Exelon Corporate	$	—	$	—
Generation	—		—
ComEd	528		184
PECO	—		—
BGE	20		135

Schedule Of Issuance Of Long Term Debt

During the nine months endedSeptember 30, 2014, the following long-term debt was issued:

Company	Type	Interest Rate		Maturity	Amount		Use of Proceeds
Exelon	Junior Subordinated Notes	2.500	%	June 1, 2024	$	1,150	Used to finance a portion of the acquisition of PHI and for general corporate purposes
Generation	Nuclear Fuel Purchase Contract	3.350	%	June 30, 2018	$	38	Used for procurement of uranium
Generation	ExGen Renewables I Project Financing(a)	LIBOR + 4.250%		February 6, 2021	$	300	Used for general corporate purposes
Generation	ExGen Texas Power Project Financing (a)	LIBOR + 4.750%		September 18, 2021	$	675	Used for general corporate purposes
Generation	Energy Efficiency Project Financing	4.120	%	December 31, 2015	$	12	Funding to install energy conservation measures in Washington, DC
Generation	AVSR DOE Project Financing	3.056% - 3.143%		January 5, 2037	$	125	Used for Antelope Valley solar development
Generation	Nuclear Fuel Purchase Contract	3.250	%	June 30, 2018	$	32	Used for procurement of uranium
ComEd	First Mortgage Bonds Series 115	2.150	%	January 15, 2019	$	300	Used to refinance existing mortgage bonds
ComEd	First Mortgage Bonds Series 116	4.700	%	January 15, 2044	$	350	Used to refinance existing mortgage bonds
PECO	First and Refunding Mortgage Bonds	4.150	%	October 1, 2044	$	300	Used to refinance existing mortgage bonds and general corporate purposes

(a) See ExGen Renewables I Project Financing and ExGen Texas Power Project Financing discussed below

Schedule of Long-term Debt Instruments

During the nine months endedSeptember 30, 2013, the following long-term debt was issued:

Company	Type	Interest Rate		Maturity	Amount		Use of Proceeds
Generation	Upstream Gas Lending Agreement	2.210 - 2.440%		July 22, 2016	$	5	Used to fund Upstream gas activities
Generation	AVSR DOE Project Financing	2.535 - 3.353 %		January 5, 2037	$	204	Funding for Antelope Valley Solar Development
Generation	Energy Efficiency Project Financing	4.400	%	August 31, 2014	$	9	Funding to install energy conservation measures in Beckley, West Virginia
Generation	Continental Wind Senior Secured Notes	6.000	%	February 28, 2033	$	613	Used for general corporate purposes
ComEd	First Mortgage Bonds Series 114	4.600	%	August 15, 2043	$	350	Used to repay outstanding commercial paper obligations and for general corporate purposes
PECO	First and Refunding Mortgage Bonds	1.200	%	October 15, 2016	$	300	Used to pay at maturity first and refunding mortgage bonds due October 15, 2013 and other general corporate purposes
PECO	First and Refunding Mortgage Bonds	4.800	%	October 15, 2043	$	250	Used to pay at maturity first and refunding mortgage bonds due October 15, 2013 and other general corporate purposes
BGE	Senior Notes	3.350	%	July 1, 2023	$	300	Used to partially refinance Notes due July 1, 2013 and for general corporate purposes

Retirement and Redemptions of Current and Long-Term Debt

On October 6, 2014, Generation paid down $11 million of principal and interest of its 3.056% - 3.143% AVSR Solar loan.

During the nine months endedSeptember 30, 2013, the following long-term debt was retired and/or redeemed:

Company	Type	Interest Rate		Maturity	Amount
Generation	Kennett Square Capital Lease	7.830	%	September 20, 2020	$	2
Generation	Solar Revolver	1.930 - 1.950%		July 7, 2014	$	18
Generation	Clean Horizons Solar Project Financing	2.563	%	September 7, 2030	$	1
Generation(a)	Series A Junior Subordinated  Debentures	8.625	%	June 15, 2063	$	450
ComEd	First Mortgage Bonds Series 92	7.625	%	April 15, 2013	$	125
ComEd	First Mortgage Bonds Series 94	7.500	%	July 1, 2013	$	127
BGE	Senior Notes	6.125	%	July 1, 2013	$	400
BGE	Rate Stabilization Bonds	5.720	%	April 1, 2017	$	33

During the nine months endedSeptember 30, 2014, the following long-term debt was retired and/or redeemed:

Company	Type	Interest Rate		Maturity	Amount
Generation	2003 Senior Notes	5.35	%	January 15, 2014	$	500
Generation	Pollution Control Loan	4.10	%	July 1, 2014	$	20
Generation	Continental Wind Project Financing	6.00	%	February 28, 2033	$	20
Generation	Kennett Square Capital Lease	7.83	%	September 20, 2020	$	2
Generation	ExGen Renewables I Project Financing	3mL + 4.25%		February 6, 2021	$	3
Generation	AVSR DOE Project Financing	2.33% - 3.55%		January 5, 2037	$	4
Generation	Clean Horizons Solar	2.56	%	September 7, 2030	$	1
Generation	Sacramento Solar Project Financing	2.56	%	December 31, 2030	$	1
Generation	Energy Efficiency Project Financing	4.40	%	August 31, 2014	$	9
ComEd	Mortgage Bonds Series 110	1.63	%	January 15, 2014	$	600
ComEd	Pollution Control Series 1994C	5.85	%	January 15, 2014	$	17
BGE	Rate Stabilization Bonds	5.72	%	April 1, 2017	$	35