Supplemental Financial Information (Tables)

9 Months Ended

Sep. 30, 2015

Supplemental Financial Information [Abstract]

Components of non-operating income and expenses

The following tables provide additional information about the Registrants’ Consolidated Statements of Operations and Comprehensive Income for the three and nine months ended September 30, 2015 and 2014:



Three Months Ended September 30, 2015	Exelon			Generation			ComEd		PECO			BGE
Other, Net
Decommissioning-related activities:
Net realized income on decommissioning trust funds^(a)
Regulatory agreement units	$	39		$	39		$	—	$	—		$	—
Non-regulatory agreement units	18			18			—		—			—
Net unrealized losses on decommissioning trust funds
Regulatory agreement units	(301		)	(301		)	—		—			—
Non-regulatory agreement units	(218		)	(218		)	—		—			—
Regulatory offset to decommissioning trust fund-related activities^(b)	207			207			—		—			—
Total decommissioning-related activities	(255		)	(255		)	—		—			—
Investment income (expense)	4			1			—		(1		)	1			^(c)
Long-term lease income	4			—			—		—			—
AFUDC — Equity	6			—			1		1			4
Other	(3		)	(3		)	3		1			(1		)
Other, net	$	(244	)	$	(257	)	$	4	$	1		$	4



Nine Months Ended September 30, 2015	Exelon			Generation			ComEd		PECO			BGE
Other, Net
Decommissioning-related activities:
Net realized income on decommissioning trust funds^(a)
Regulatory agreement units	$	203		$	203		$	—	$	—		$	—
Non-regulatory agreement units	122			122			—		—			—
Net unrealized losses on decommissioning trust funds
Regulatory agreement units	(385		)	(385		)	—		—			—
Non-regulatory agreement units	(274		)	(274		)	—		—			—
Net unrealized gains on pledged assets
Zion Station decommissioning	9			9			—		—			—
Regulatory offset to decommissioning trust fund-related activities^(b)	129			129			—		—			—
Total decommissioning-related activities	(196		)	(196		)	—		—			—
Investment income (expense)	6			1			—		(1		)	3		^(c)
Long-term lease income	12			—			—		—			—
Interest income related to uncertain income tax positions	—			1			—		—			—
AFUDC — Equity	16			—			2		4			10
Terminated interest rate swaps ^(d)	(26		)	—			—		—			—
Other	9			1			12		—			—
Other, net	$	(179	)	$	(193	)	$	14	$	3		$	13



Three Months Ended September 30, 2014	Exelon			Generation			ComEd		PECO		BGE
Other, Net
Decommissioning-related activities:
Net realized income on decommissioning trust funds^(a)
Regulatory agreement units	$	55		$	55		$	—	$	—	$	—
Non-regulatory agreement units	39			39			—		—		—
Net unrealized losses on decommissioning trust funds
Regulatory agreement units	(107		)	(107		)	—		—		—
Non-regulatory agreement units	(41		)	(41		)	—		—		—
Net unrealized gains on pledged assets
Zion Station decommissioning	7			7			—		—		—
Regulatory offset to decommissioning trust fund-related activities^(b)	29			29			—		—		—
Total decommissioning-related activities	(18		)	(18		)	—		—		—
Investment income (expense)	—			—			—		—		1		^(c)
Long-term lease income	4			—			—		—		—
Interest income related to uncertain income tax positions	25			27
AFUDC — Equity	5			—			—		2		3
Other	—			(5		)	4		—		—
Other, net	$	16		$	4		$	4	$	2	$	4



Nine Months Ended September 30, 2014	Exelon			Generation			ComEd		PECO			BGE
Other, Net
Decommissioning-related activities:
Net realized income on decommissioning trust funds^(a)
Regulatory agreement units	$	167		$	167		$	—	$	—		$	—
Non-regulatory agreement units	102			102			—		—			—
Net unrealized gains on decommissioning trust funds
Regulatory agreement units	126			126			—		—			—
Non-regulatory agreement units	100			100			—		—			—
Net unrealized gains on pledged assets
Zion Station decommissioning	27			27			—		—			—
Regulatory offset to decommissioning trust fund-related activities^(b)	(270		)	(270		)	—		—			—
Total decommissioning-related activities	252			252			—		—			—
Investment income (expense)	1			1			—		(1		)	5		^(c)
Long-term lease income	20			—			—		—			—
Interest income related to uncertain income tax positions	41			53			—		—			—
AFUDC — Equity	17			—			3		5			9
Other	15			—			11		1			—
Other, net	$	346		$	306		$	14	$	5		$	14

________


(a)	Includes investment income and realized gains and losses on sales of investments of the trust funds.


(b)	Includes the elimination of NDT fund activity for the Regulatory Agreement Units, including the elimination of net income taxes related to all NDT fund activity for those units. See Note 15 — Asset Retirement Obligations of the Exelon 2014 Form 10-K for additional information regarding the accounting for nuclear decommissioning.


(c)	Relates to the cash return on BGE’s rate stabilization deferral. See Note 3 — Regulatory Matters of the Exelon 2014 Form 10-K for additional information regarding the rate stabilization deferral.

(d)

In January 2015, in connection with Generation's $750 million issuance of five-year Senior Unsecured Notes, Exelon terminated certain floating-to-fixed interest rate swaps. As the original forecasted transactions were a series of future interest payments over a ten year period, a portion of the anticipated interest payments are probable not to occur. As a result, $26 million of anticipated payments were reclassified from Accumulated OCI to Other, net in Exelon's Consolidated Statement of Operations and Comprehensive Income.

Components of depreciation, amortization and accretion, and other, net

The following tables provide additional information regarding the Registrants’ Consolidated Statements of Cash Flows for the nine months ended September 30, 2015 and 2014:



Nine Months Ended September 30, 2015	Exelon			Generation			ComEd		PECO		BGE
Depreciation, amortization, accretion and depletion
Property, plant and equipment	$	1,648		$	739		$	471	$	179	$	216
Regulatory assets	131			—			57		19		55
Amortization of intangible assets, net	39			35			—		—		—
Amortization of energy contract assets and liabilities^(a)	(20		)	(19		)	—		—		—
Nuclear fuel^(b)	841			841			—		—		—
ARO accretion^(c)	291			291			—		—		—
Total depreciation, amortization, accretion and depletion	$	2,930		$	1,887		$	528	$	198	$	271



Nine Months Ended September 30, 2014	Exelon		Generation		ComEd		PECO		BGE
Depreciation, amortization, accretion and depletion
Property, plant and equipment	$	1,549	$	686	$	438	$	169	$	215
Regulatory assets	150		—		83		7		60
Amortization of intangible assets, net	33		33		—		—		—
Amortization of energy contract assets and liabilities^(a)	83		93		—		—		—
Nuclear fuel^(b)	790		790		—		—		—
ARO accretion^(c)	251		251		—		—		—
Total depreciation, amortization, accretion and depletion	$	2,856	$	1,853	$	521	$	176	$	275

_________


(a)	Included in Operating revenues or Purchased power and fuel expense on the Registrants’ Consolidated Statements of Operations and Comprehensive Income.


(b)	Included in Purchased power and fuel expense on the Registrants’ Consolidated Statements of Operations and Comprehensive Income.


(c)	Included in Operating and maintenance expense on the Registrants’ Consolidated Statements of Operations and Comprehensive Income.



Nine Months Ended September 30, 2015	Exelon				Generation				ComEd				PECO				BGE
Other non-cash operating activities:
Pension and non-pension postretirement benefit costs	$	476			$	200			$	155			$	29			$	49
Loss from equity method investments	3				4				—				—				—
Provision for uncollectible accounts	114				15				46				37				15
Stock-based compensation costs	102				—				—				—				—
Other decommissioning-related activity^(a)	(31		)		(31		)		—				—				—
Energy-related options^(b)	18				18				—				—				—
Amortization of rate stabilization deferral	60				—				—				—				60
Amortization of debt fair value adjustment	(34		)		(9		)		—				—				—
Discrete impacts of EIMA^(c)	101				—				101				—				—
Amortization of debt costs	43				12				3				2				2
Increase in inventory reserve	7				8				—				—				—
Lower of cost or market inventory adjustment	15				15				—				—				—
Other	(18		)		(5		)		7				1				(15		)
Total other non-cash operating activities	$	856			$	227			$	312			$	69			$	111
Changes in other assets and liabilities:
Under/over-recovered energy and transmission costs	$	47			$	—			$	27			$	12			$	8
Other regulatory assets and liabilities	(12		)		—				29				(4		)		(106		)
Cash deposits^(d)	(190		)		(190		)		—				—				—
Other current assets	(132		)		(143		)		2				(23		)	^(e)	55
Other noncurrent assets and liabilities	(193		)		(92		)		(65		)		(3		)		—
Total changes in other assets and liabilities	$	(480	)		$	(425	)		$	(7	)		$	(18	)		$	(43	)
Non-cash investing and financing activities:
Change in PPE related to the ARO update	$	811			$	811			$	—		—	$	—			$	—
Change in capital expenditures not paid	59			^(j)	48			^(j)	62				(23		)		(14		)
Non-cash financing of capital projects	$	52			$	52			$	—			$	—			$	—
Indemnification of like-kind exchange position^(f)	—				—				5				—				—
Long-term software licensing agreement^(g)	95				—				—				—				—

Cash Flow Supplemental Disclosures



Nine Months Ended September 30, 2015	Exelon				Generation				ComEd				PECO				BGE
Other non-cash operating activities:
Pension and non-pension postretirement benefit costs	$	476			$	200			$	155			$	29			$	49
Loss from equity method investments	3				4				—				—				—
Provision for uncollectible accounts	114				15				46				37				15
Stock-based compensation costs	102				—				—				—				—
Other decommissioning-related activity^(a)	(31		)		(31		)		—				—				—
Energy-related options^(b)	18				18				—				—				—
Amortization of rate stabilization deferral	60				—				—				—				60
Amortization of debt fair value adjustment	(34		)		(9		)		—				—				—
Discrete impacts of EIMA^(c)	101				—				101				—				—
Amortization of debt costs	43				12				3				2				2
Increase in inventory reserve	7				8				—				—				—
Lower of cost or market inventory adjustment	15				15				—				—				—
Other	(18		)		(5		)		7				1				(15		)
Total other non-cash operating activities	$	856			$	227			$	312			$	69			$	111
Changes in other assets and liabilities:
Under/over-recovered energy and transmission costs	$	47			$	—			$	27			$	12			$	8
Other regulatory assets and liabilities	(12		)		—				29				(4		)		(106		)
Cash deposits^(d)	(190		)		(190		)		—				—				—
Other current assets	(132		)		(143		)		2				(23		)	^(e)	55
Other noncurrent assets and liabilities	(193		)		(92		)		(65		)		(3		)		—
Total changes in other assets and liabilities	$	(480	)		$	(425	)		$	(7	)		$	(18	)		$	(43	)
Non-cash investing and financing activities:
Change in PPE related to the ARO update	$	811			$	811			$	—		—	$	—			$	—
Change in capital expenditures not paid	59			^(j)	48			^(j)	62				(23		)		(14		)
Non-cash financing of capital projects	$	52			$	52			$	—			$	—			$	—
Indemnification of like-kind exchange position^(f)	—				—				5				—				—
Long-term software licensing agreement^(g)	95				—				—				—				—



Nine Months Ended September 30, 2014	Exelon				Generation				ComEd			PECO				BGE
Other non-cash operating activities:
Pension and non-pension postretirement benefit costs	$	437			$	193			$	129		$	28			$	50
Equity method investments	20				20				—			—				—
Provision for uncollectible accounts	96				10				9			39				38
Stock-based compensation costs	111				—				—			—				—
Other decommissioning-related activity^(a)	(102		)		(102		)		—			—				—
Energy-related options^(b)	92				92				—			—				—
Amortization of regulatory asset related to debt costs	8				—				—			—				—
Amortization of rate stabilization deferral	50				—				—			—				50
Amortization of debt fair value adjustment	(45		)		(17		)		—			—				—
Discrete impacts from EIMA^(c)	(32		)		—				(32		)	—				—
Amortization of debt costs	36				9				4			2				2
Merger-related commitments	44				44				—			—				—
Other	(17		)		2				6			1				(11		)
Total other non-cash operating activities	$	698			$	251			$	116		$	70			$	129
Changes in other assets and liabilities:
Under/over-recovered energy and transmission costs	$	53			$	—			$	63		$	(14	)		$	6
Other regulatory assets and liabilities	(63		)		—				(14		)	(14		)		(89		)
Cash deposits ^(d)	(280		)		(280		)		—			—				—
Other current assets	(78		)		24				(9		)	(48		)	^(e)	25
Other noncurrent assets and liabilities	(168		)		(111		)		22			1				(9		)
Total changes in other assets and liabilities	$	(536	)		$	(367	)		$	62		$	(75	)		$	(67	)
Non-cash investing and financing activities:
Fair value of net assets recorded upon CENG consolidation	$	3,400			$	3,400			$	—		$	—			$	—
Change in PPE related to the ARO update	(91		)		(91		)
Change in capital expenditures not paid	(73		)	^(j)	(100		)	^(j)	13			(13		)		31
Issuance of equity units^(h)	131				—				—			—				—
Uranium procurement⁽ⁱ⁾	70				70				—			—				—
Indemnification of like-kind exchange position^(f)	—				—				4			—				—

____________

(a)

Includes the elimination of NDT fund activity for the Regulatory Agreement Units, including the elimination of operating revenues, ARO accretion, ARC amortization, investment income and income taxes related to all NDT fund activity for these units. See Note 15 — Asset Retirement Obligations of the Exelon 2014 Form 10-K for additional information regarding the accounting for nuclear decommissioning.


(b)	Includes option premiums reclassified to realized at the settlement of the underlying contracts and recorded to results of operations.


(c)	Reflects the change in distribution rates pursuant to EIMA, which allows for the recovery of costs by a utility through a pre-established performance-based formula rate tariff. See Note 5 — Regulatory Matters for more information.


(d)	Relates primarily to cash deposits made to ISOs/RTOs.


(e)	Relates primarily to prepaid utility taxes.


(f)	See Note 12 — Income Taxes for discussion of the like-kind exchange tax position.


(g)	Relates to a long-term software license agreement entered into on May 31, 2015. Exelon is required to make payments starting August of 2015 through May of 2024. See Note 11 —Debt and Credit Agreements for additional information.

Supplemental Balance Sheet Disclosures

The following tables provide additional information about assets of the Registrants as of September 30, 2015 and December 31, 2014.



September 30, 2015	Exelon			Generation			ComEd		PECO			BGE
Property, plant and equipment:
Accumulated depreciation and amortization	$	16,185	^(a)	$	8,659	^(a)	$	3,614	$	3,058		$	2,962
Accounts receivable:
Allowance for uncollectible accounts	329		^(c)	70			100		98		^(c)	61



December 31, 2014	Exelon			Generation			ComEd		PECO			BGE
Property, plant and equipment:
Accumulated depreciation and amortization	$	14,742	^(b)	$	7,612	^(b)	$	3,432	$	2,917		$	2,868
Accounts receivable:
Allowance for uncollectible accounts	311		^(c)	60			84		100		^(c)	67

_______


(a)	Includes accumulated amortization of nuclear fuel in the reactor core of $3,093 million.


(b)	Includes accumulated amortization of nuclear fuel in the reactor core of $2,673 million.


(c)	Excludes the non-current allowance for uncollectible accounts related to PECO's installment plan receivables described below of $9 million and $7 million at September 30, 2015 and December 31, 2014, respectively.