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Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule Of Goodwill
Exelon’s and ComEd’s gross amount of goodwill, accumulated impairment losses and carrying amount of goodwill for the years ended December 31, 2014 and 2013 were as follows:
 
 
ComEd
 
Generation
 
Exelon
 
Gross
Amount (a)
 
Accumulated
Impairment
Losses
 
Carrying
Amount
 
Gross
Amount 
 
Carrying
Amount
 
Gross
Amount 
 
Accumulated
Impairment
Losses
 
Carrying
Amount
Balance, January 1, 2013
$
4,608

 
$
1,983

 
$
2,625

 
$
—

 
$
—

 
$
4,608

 
$
1,983

 
$
2,625

Goodwill from business combination
—

 
—

 
—

 
47

 
47

 
47

 
—

 
47

Balance, December 31, 2014
$
4,608

 
$
1,983

 
$
2,625

 
$
47

 
$
47

 
$
4,655

 
$
1,983

 
$
2,672

_______________________
(a)
Reflects goodwill recorded in 2000 from the PECO/Unicom (predecessor parent company of ComEd) merger net of amortization, resolution of tax matters and other non-impairment-related changes as allowed under previous authoritative guidance.
Schedule of Finite-Lived Intangible Assets
Exelon’s, Generation’s and ComEd’s other intangible assets and liabilities, included in Unamortized energy contract assets and Other long-term assets and liabilities in their Consolidated Balance Sheets, consisted of the following as of December 31, 2014:
 
 
Weighted
Average
Amortization
Years (h)
 
 
 
 
 
 
Estimated amortization expense
 
Gross
 
Accumulated
Amortization
 
Net
 
2015
 
2016
 
2017
 
2018
 
2019
Exelon and Generation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unamortized Energy Contracts (a)
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
Exelon Wind (b)
18.0
$
224

 
$
(55
)
 
$
169

 
$
14

 
$
14

 
$
14

 
$
14

 
$
14

Antelope Valley (c)
25.0
190

 
(12
)
 
178

 
8

 
8

 
8

 
8

 
8

Constellation (d)
1.5
1,499

 
(1,451
)
 
48

 
19

 
(31
)
 
(21
)
 
11

 
8

CENG (e)
1.7
(97
)
 
29

 
(68
)
 
(20
)
 
(11
)
 
(15
)
 
(18
)
 
(15
)
Integrys (d)
2.4
6

 
(5
)
 
1

 
(8
)
 
6

 
1

 
1

 
—

Customer Relationships
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
Constellation (d)
12.4
214

 
(58
)
 
156

 
18

 
18

 
18

 
18

 
17

Integrys (d)
10.0
48

 
(1
)
 
47

 
5

 
5

 
5

 
5

 
5

Trade Names
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
Constellation (d)
10.0
243

 
(79
)
 
164

 
23

 
23

 
23

 
23

 
23

ComEd
 

 

 


 
 
 
 
 
 
 
 
 
 
Chicago settlement—1999 agreement (f)
21.8
100

 
(79
)
 
21

 
3

 
3

 
4

 
4

 
4

Chicago settlement—2003 agreement (g)
17.9
62

 
(40
)
 
22

 
4

 
4

 
3

 
3

 
3

Total intangible assets
 
$
2,489

 
$
(1,751
)
 
$
738

 
$
66

 
$
39

 
$
40

 
$
69

 
$
67

_________________________
(a)
Includes unamortized energy contract assets and liabilities on Exelon's and Generation's Consolidated Balance Sheets. Excludes $26 million of other miscellaneous unamortized energy contracts that have been acquired at various points in time. The estimated amortization for these miscellaneous unamortized energy contracts is $4 million, $3 million, $0 million, $2 million and $2 million for 2015, 2016, 2017, 2018 and 2019, respectively.
(b)
In December 2010, Generation acquired all of the equity interests of John Deere Renewables, LLC (later named Exelon Wind), adding 735MWs of installed, operating wind capacity located in eight states.
(c)
In September 2011, Generation acquired all of the interest in Antelope Valley Solar Ranch One, a 230 MW solar project under development in northern Los Angeles County, CA from First Solar, Inc.
(d)
See Note 4—Mergers, Acquisitions, and Dispositions for further information on these acquisitions.
(e)
See Note 5—Investment in Constellation Energy Nuclear Group, LLC for additional information.
(f)
In March 1999, ComEd entered into a settlement agreement with the City of Chicago associated with ComEd’s franchise agreement. Under the terms of the settlement, ComEd agreed to make payments to the City of Chicago each year from 1999 to 2002. The intangible asset recognized as a result of these payments is being amortized ratably over the remaining term of the franchise agreement, which ends in 2020.
(g)
In February 2003, ComEd entered into separate agreements with the City of Chicago and with Midwest Generation, LLC (Midwest Generation). Under the terms of the settlement agreement with the City of Chicago, ComEd agreed to pay the City of Chicago a total of $60 million over a ten-year period, beginning in 2003. The intangible asset recognized as a result of the settlement agreement is being amortized ratably over the remaining term of the City of Chicago franchise agreement, which ends in 2020. As required by the settlement, ComEd also made a payment of $2 million to a third-party on the City of Chicago’s behalf. Under the terms of the agreement with Midwest Generation, ComEd received payments of $32 million from Midwest Generation to relieve Midwest Generation’s obligation under the 1999 fossil sale agreement with ComEd to build the generation facility in the City of Chicago. The payments received by ComEd, which have been recorded in Other deferred credits and other liabilities, and other long-term liabilities on Exelon's and ComEd's Consolidated Balance Sheets are being recognized ratably (approximately $2 million annually) as an offset to amortization expense over the remaining term of the franchise agreement.
(h)
Weighted-average amortization period was calculated at the date of a) acquisition for acquired assets or b) settlement agreement.
Schedule Of Finite-Lived Intangible Assets Amortization Expense
The following table summarizes the amortization expense related to intangible assets and liabilities for each of the years ended December 31, 2014, 2013 and 2012:
 
For the Year Ended December 31,
Exelon (a)
 
Generation (a)
 
ComEd
2014
$
179

 
$
179

 
$
7

2013
478

 
550

 
7

2012
1,150

 
1,145

 
7