Subsequent Events (Exelon and Generation)

3 Months Ended

Mar. 31, 2015

Subsequent Events [Abstract]

Subsequent Events (Exelon and Generation)

Subsequent Event (Exelon and Generation)

On October 24, 2014, Generation entered into a sale agreement to divest its proportional ownership interests in the Keystone and Conemaugh generating facilities and related fuel supply entities in Pennsylvania for total sales proceeds of approximately $475 million, including approximately $60 million of working capital.  The transaction, which is subject to customary closing conditions and approvals, is expected to be completed in the fourth quarter of 2014 or first quarter of 2015.  The sales price, less costs to complete the sale, is less than the carrying value of the net assets.  As a result, Exelon and Generation anticipate recording a pre-tax impairment loss ranging from approximately $350 million to $400 million during the fourth quarter of 2014, which will be recorded within Operating and maintenance expense on Exelon’s and Generation’s Statement of Operations and Comprehensive Income.  The estimated net after-tax cash proceeds of $418 million, excluding estimated working capital, are expected to be used to finance a portion of the acquisition of PHI and for general corporate purposes.