Debt and Credit Agreements (Tables)

9 Months Ended

Sep. 30, 2015

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Exelon had bank lines of credit under committed credit facilities at September 30, 2015 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 2017	Letters of credit
Bilateral	0.1		October 2015	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 16, 2015 and were renewed at the same amount through October 14, 2016. These facilities are solely utilized to issue letters of credit. As of September 30, 2015, letters of credit issued under these agreements for Generation, ComEd, PECO and BGE totaled $7 million, $16 million, $21 million and $1 million, respectively.

(b) Syndicated revolvers include credit facility commitments of $22 million, $27 million and $27 million for Exelon Corporate, PECO and BGE, respectively, which expire in August 2018.

The Registrants had the following amounts of commercial paper borrowings outstanding as of September 30, 2015 and December 31, 2014:

Commercial Paper Borrowings	September 30, 2015		December 31, 2014
Exelon Corporate	$	—	$	—
Generation	—		—
ComEd	604		304
PECO	—		—
BGE	50		120

Schedule Of Issuance Of Long Term Debt

During the nine months endedSeptember 30, 2015, the following long-term debt was issued:

Company	Type	Interest Rate		Maturity	Amount		Use of Proceeds
Exelon Corporate	Senior Unsecured Notes (a)	1.55	%	June 9, 2017	$	550	Finance a portion of the pending acquisition of PHI and related costs and expenses, and for general corporate purposes
Exelon Corporate	Senior Unsecured Notes (a)	2.85	%	June 15, 2020	$	900	Finance a portion of the pending acquisition of PHI and related costs and expenses, and for general corporate purposes
Exelon Corporate	Senior Unsecured Notes (a)	3.95	%	June 15, 2025	$	1,250	Finance a portion of the pending acquisition of PHI and related costs and expenses, and for general corporate purposes
Exelon Corporate	Senior Unsecured Notes (a)	4.95	%	June 15, 2035	$	500	Finance a portion of the pending acquisition of PHI and related costs and expenses, and for general corporate purposes
Exelon Corporate	Senior Unsecured Notes (a)	5.10	%	June 15, 2045	$	1,000	Finance a portion of the pending acquisition of PHI and related costs and expenses, and for general corporate purposes
Exelon Corporate	Long Term Software License Agreement	3.95	%	May 1, 2024	$	111	Procurement of software licenses
Generation	Senior Unsecured Notes (b)	2.95	%	January 15, 2020	$	750	Fund the optional redemption of Exelon's $550 million, 4.550% Senior Notes and for general corporate purposes
Generation	AVSR DOE Nonrecourse Debt	2.29 - 2.96%		January 5, 2037	$	39	Antelope Valley solar development
Generation	Energy Efficiency Project Financing	3.71	%	October 1, 2035	$	42	Funding to install energy conservation measures in Coleman, Florida
Generation	Energy Efficiency Project Financing	3.55	%	November 15, 2016	$	19	Funding to install energy conservation measures in Frederick, Maryland
Generation	Tax Exempt Pollution Control Revenue Bonds (c)	2.50 - 2.70%		2019 - 2020	$	435	General corporate purposes
Generation	Albany Green Energy Project Financing	LIBOR + 1.25%		November 17, 2017	$	74	Albany Green Energy biomass generation development
ComEd	Mortgage Bonds Series 118	3.70	%	March 1, 2045	$	400	Refinance maturing mortgage bonds, repay a portion of ComEd's outstanding commercial paper obligations and for general corporate purposes

_____________

(a) In connection with the issuance of PHI acquisition financing, Exelon terminated its interest rate swaps that had been designated as cash flow hedges. See Note 10 — Derivative Financial Instruments for further information.

(b) In connection with the issuance of Senior Unsecured Notes, Exelon terminated floating-to-fixed interest rate swaps that had been designated as cash flow hedges. See Note 10 — Derivative Financial Instruments for further information on the swap termination.

(c) The Tax Exempt Pollution Control Revenue Bonds have a mandatory put date that ranges from March 1, 2019 - September 1, 2020.

Schedule of Long-term Debt Instruments

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	2.50	%	June 1, 2024	$	1,150	Finance a portion of the acquisition of PHI and for general corporate purposes
Generation	Nuclear Fuel Purchase Contract	3.25 - 3.35%		June 30, 2018	$	70	Procurement of uranium
Generation	ExGen Renewables I Nonrecourse Debt	LIBOR + 4.25%		February 6, 2021	$	300	General corporate purposes
Generation	ExGen Texas Power Nonrecourse Debt	LIBOR + 4.75%		September 18, 2021	$	675	General corporate purposes
Generation	Energy Efficiency Project Financing	4.12	%	December 31, 2015	$	12	Funding to install energy conservation measures in Washington, DC
Generation	AVSR DOE Nonrecourse Debt	3.06 - 3.14%		January 5, 2037	$	125	Antelope Valley solar development
ComEd	First Mortgage Bonds Series 115	2.15	%	January 15, 2019	$	300	Refinance maturing mortgage bonds and general corporate purposes
ComEd	First Mortgage Bonds Series 116	4.70	%	January 15, 2044	$	350	Refinance maturing mortgage bonds and general corporate purposes
PECO	First and Refunding Mortgage Bonds	4.15	%	October 1, 2044	$	300	Refinance existing mortgage bonds and general corporate purposes

Retirement and Redemptions of Current and Long-Term Debt

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

Company	Type	Interest Rate		Maturity	Amount
Generation	Senior Unsecured Notes	5.35	%	January 15, 2014	$	500
Generation	Pollution Control Notes	4.10	%	July 1, 2014	$	20
Generation	Continental Wind Nonrecourse Debt	6.00	%	February 28, 2033	$	20
Generation	Kennett Square Capital Lease	7.83	%	September 20, 2020	$	2
Generation	ExGen Renewables I Nonrecourse Debt	3mL + 4.25%		February 6, 2021	$	3
Generation	AVSR DOE Nonrecourse Debt	2.33% - 3.55%		January 5, 2037	$	4
Generation	Clean Horizons Solar Nonrecourse Debt	2.56	%	September 7, 2030	$	1
Generation	Sacramento Solar Nonrecourse Debt	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, 2016	$	35

During the nine months endedSeptember 30, 2015, the following long-term debt was retired and/or redeemed:

Company	Type	Interest Rate		Maturity	Amount
Exelon Corporate (a)	Senior Unsecured Notes	4.55	%	June 15, 2015	$	550
Exelon Corporate	Senior Notes	4.90	%	June 15, 2015	$	800
Exelon Corporate	Long Term Software License Agreement	3.95	%	May 1, 2024	$	1
Generation (a)	Senior Unsecured Notes	4.55	%	June 15, 2015	$	550
Generation	CEU Upstream Nonrecourse Debt	LIBOR + 2.25%		January 14, 2019	$	9
Generation	AVSR DOE Nonrecourse Debt	2.29%-3.56%		January 5, 2037	$	12
Generation	Kennett Square Capital Lease	7.83	%	September 20, 2020	$	3
Generation	Continental Wind Nonrecourse Debt	6.00	%	February 28, 2033	$	20
Generation	ExGen Texas Power Nonrecourse Debt	LIBOR + 4.75%		September 8, 2021	$	5
Generation	ExGen Renewables I Nonrecourse Debt	LIBOR + 4.25%		February 6, 2021	$	14
Generation	Constellation Solar Horizons Nonrecourse Debt	2.56	%	September 7, 2030	$	1
Generation	Sacramento PV Energy Nonrecourse Debt	2.58	%	December 31, 2030	$	1
ComEd	FMB Series 101	4.70	%	April 15, 2015	$	260
BGE	Rate Stabilization Bonds	5.72	%	April 1, 2016	$	37

____________

(a) As part of the 2012 Constellation merger, Exelon and subsidiaries of Generation assumed intercompany loan agreements that mirrored the terms and amounts of external obligations held by Exelon, resulting in intercompany notes payable at Generation and Exelon Corporate.