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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Operating revenues [Abstract]        
Operating revenues from affiliates $ 1 [1] $ 0 [1] $ 3 $ 0
Total Revenues 6,514 [2] 6,024 [2] 15,345 [3] 13,261 [3]
Operating expenses        
Purchased power and fuel 2,449 2,346 6,919 6,352
Purchased power and fuel from affiliates 0 66 0 400
Operating and maintenance 2,042 2,166 4,123 4,024
Depreciation and amortization 602 590 1,212 1,154
Taxes other than income 294 288 598 580
Total operating expenses 5,387 5,456 12,852 12,510
Equity in losses of unconsolidated affiliates 0 0 (2) (20)
Gain (Loss) on Sale of Assets and Asset Impairment Charges 7 13 8 18
Gain on consolidation and acquisition of businesses 0 261   261
Operating income 1,134 842 2,501 1,010
Other income and (deductions)        
Interest expense, net (145) (228) (480) (445)
Interest expense to affiliates (10) (10) (21) (20)
Other, net (17) 230 64 330
Total other income and (deductions) (172) (8) (437) (135)
Income before income taxes 962 834 2,064 875
Income taxes 327 277 690 224
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions (2) 0 (2) 0
Net income 633 557 1,372 651
Net income (loss) attributable to noncontrolling interest and preference stock dividends (5) 35 41 39
Net income attributable to common shareholders 638 522 1,331 612
Pension and non-pension postretirement benefit plans:        
Prior service benefit reclassified to periodic benefit cost (11) (6) (23) (6)
Actuarial loss reclassified to periodic cost 55 38 110 72
Pension and non-pension postretirement benefit plans valuation adjustment 0 258 (29) 246
Unrealized gain (loss) on cash flow hedges 3 (48) 9 (73)
Unrealized gain on equity investments 0 0 0 11
Unrealized gain (loss) on foreign currency translation 3 4 (9) (1)
Unrealized loss on marketable securities 0 1 0 1
Reversal of CENG equity method AOCI 0 (116) 0 (116)
Other comprehensive income 50 131 58 [4] 134 [4]
Comprehensive income $ 683 $ 688 $ 1,430 $ 785
Average shares of common stock outstanding:        
Average common shares outstanding — basic 863 860 862 860
Average common shares outstanding — diluted 866 864 866 863
Earnings per average common share:        
Earnings per share - basic (in usd per share) $ 0.74 $ 0.61 $ 1.54 $ 0.71
Earnings per average common share - diluted        
Earnings per share - diluted (in usd per share) 0.74 0.60 1.54 0.71
Dividends per common share (in usd per share) $ 0.31 $ 0.31 $ 0.62 $ 0.62
Exelon Generation Co L L C [Member]        
Operating revenues [Abstract]        
Operating revenues $ 4,079 $ 3,588 $ 9,709 $ 7,644
Operating revenues from affiliates 153 201 365 535
Total Revenues 4,232 3,789 10,074 8,179
Operating expenses        
Purchased power and fuel from affiliates 1 69 8 417
Purchased power and fuel 1,848 1,766 5,274 4,774
Operating and maintenance 1,149 1,255 2,311 2,194
Operating and maintenance from affiliates 159 158 308 305
Depreciation and amortization 255 254 509 466
Taxes other than income 124 118 246 223
Total operating expenses 3,536 3,620 8,656 8,379
Equity in losses of unconsolidated affiliates   (1) (3) (20)
Gain (Loss) on Sale of Assets and Asset Impairment Charges 7 12 6 18
Gain on consolidation and acquisition of businesses 0 261 0 261
Operating income 703 441 1,424 59
Other income and (deductions)        
Interest expense, net (90) (74) (180) (147)
Interest expense to affiliates (9) (12) (21) (25)
Other, net (31) 216 62 300
Total other income and (deductions) (130) 130 (139) 128
Income before income taxes 573 571 1,285 187
Income taxes 181 199 407 (1)
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions (2)   (3)  
Net income 390 372 875 188
Net (loss) income attributable to noncontrolling interests (8) 32 34 33
Net income attributable to membership interest 398 340 841 155
Pension and non-pension postretirement benefit plans:        
Unrealized gain (loss) on cash flow hedges 2 (45) (3) (70)
Unrealized gain on equity investments 0 0 0 11
Unrealized gain (loss) on foreign currency translation 3 4 (9) (1)
Unrealized loss on marketable securities 1 2 1 (1)
Reversal of CENG equity method AOCI 0 (116) 0 (116)
Other comprehensive income 6 (155) (11) [4] (177) [4]
Comprehensive income 396 217 864 11
Commonwealth Edison Co [Member]        
Operating revenues [Abstract]        
Operating revenues 1,147 1,128 2,331 2,261
Operating revenues from affiliates 1 0 2 1
Total Revenues 1,148 1,128 2,333 2,262
Operating expenses        
Purchased power and fuel 269 204 586 416
Purchased power and fuel from affiliates 6 65 15 173
Operating and maintenance 337 316 670 603
Operating and maintenance from affiliates 47 39 92 78
Depreciation and amortization 177 174 352 347
Taxes other than income 69 72 146 149
Total operating expenses 905 870 1,861 1,766
Operating income 243 258 472 496
Other income and (deductions)        
Interest expense, net (78) (76) (158) (153)
Interest expense to affiliates (3) (4) (7) (7)
Other, net 5 5 9 10
Total other income and (deductions) (76) (75) (156) (150)
Income before income taxes 167 183 316 346
Income taxes 68 72 127 137
Net income 99 111 189 209
Pension and non-pension postretirement benefit plans:        
Comprehensive income 99 111 189 209
PECO Energy Co [Member]        
Operating revenues [Abstract]        
Operating revenues 661 656 1,645 1,648
Operating revenues from affiliates 0 0 1 1
Total Revenues 661 656 1,646 1,649
Operating expenses        
Purchased power and fuel 189 193 565 570
Purchased power and fuel from affiliates 48 48 110 135
Operating and maintenance 166 160 363 416
Operating and maintenance from affiliates 26 24 51 48
Depreciation and amortization 69 59 131 117
Taxes other than income 39 38 80 80
Total operating expenses 537 522 1,300 1,366
Equity in losses of unconsolidated affiliates       0
Gain (Loss) on Sale of Assets and Asset Impairment Charges       0
Gain (Loss) on Disposition of Assets     1  
Operating income 124 134 347 283
Other income and (deductions)        
Interest expense, net (25) (25) (50) (50)
Interest expense to affiliates (3) (3) (6) (6)
Other, net 1 1 3 3
Total other income and (deductions) (27) (27) (53) (53)
Income before income taxes 97 107 294 230
Income taxes 27 23 85 57
Net income     209 173
Net income attributable to common shareholders 70 84 209 173
Pension and non-pension postretirement benefit plans:        
Comprehensive income 70 84 209 173
Baltimore Gas and Electric Company [Member]        
Operating revenues [Abstract]        
Operating revenues 627 651 1,656 1,689
Operating revenues from affiliates 1 2 8 18
Total Revenues 628 653 1,664 1,707
Operating expenses        
Purchased power and fuel 143 183 493 592
Purchased power and fuel from affiliates 96 85 233 205
Operating and maintenance 120 163 276 326
Operating and maintenance from affiliates 29 25 55 50
Depreciation and amortization 87 89 192 197
Taxes other than income 54 53 111 113
Total operating expenses 529 598 1,360 1,483
Equity in losses of unconsolidated affiliates       0
Operating income 99 55 304 224
Other income and (deductions)        
Interest expense, net (20) (23) (42) (47)
Interest expense to affiliates (4) (4) (8) (8)
Other, net 4 5 8 9
Total other income and (deductions) (20) (22) (42) (46)
Income before income taxes 79 33 262 178
Income taxes 32 14 105 72
Net income 47 19 157 106
Preferred security dividends and redemption 3 3 6 6
Net income attributable to common shareholders 44 16 151 100
Pension and non-pension postretirement benefit plans:        
Comprehensive income $ 47 $ 19 $ 157 $ 106
[1] (d)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] (c)For the three months ended June 30, 2015 and 2014, utility taxes of $24 million and $21 million, respectively, are included in revenues and expenses for Generation. For the three months ended June 30, 2015 and 2014, utility taxes of $55 million and $56 million, respectively, are included in revenues and expenses for ComEd. For the three months ended June 30, 2015 and 2014, utility taxes of $32 million and $30 million, respectively, are included in revenues and expenses for PECO. For the three months ended June 30, 2015 and 2014, utility taxes of $21 million and $19 million, respectively, are included in revenues and expenses for BGE.
[3] (d)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.
[4] All amounts are net of tax. Amounts in parentheses represent a decrease in accumulated other comprehensive income.