XML 56 R52.htm IDEA: XBRL DOCUMENT v3.3.0.814
Regulatory Matters - Narrative (Details)
$ in Millions
1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended 17 Months Ended
Oct. 20, 2015
USD ($)
Oct. 19, 2015
USD ($)
Sep. 10, 2015
USD ($)
May. 27, 2015
USD ($)
May. 19, 2015
USD ($)
Apr. 24, 2015
USD ($)
Apr. 15, 2015
USD ($)
Mar. 27, 2015
USD ($)
Dec. 08, 2014
Aug. 21, 2014
USD ($)
Dec. 13, 2013
USD ($)
Feb. 27, 2013
Aug. 31, 2010
USD ($)
Sep. 30, 2015
USD ($)
Sep. 30, 2014
USD ($)
Sep. 30, 2015
USD ($)
Sep. 30, 2014
USD ($)
Dec. 31, 2014
USD ($)
Sep. 30, 2015
USD ($)
Jun. 11, 2014
Jun. 03, 2014
USD ($)
Apr. 28, 2014
Aug. 23, 2013
USD ($)
May. 17, 2013
USD ($)
Regulatory Matters Additional Narrative Information [Line Items]                                                
Regulatory Assets                           $ 6,779.0   $ 6,779.0   $ 6,923.0 $ 6,779.0          
Rate of Return on Common Equity, Incentive Basis Points                           0.50%   0.50%     0.50%          
Regulatory assets                           $ 6,000.0   $ 6,000.0   6,076.0 $ 6,000.0          
Transmission Rate Formula, First Basis Points Credited                               0.50%                
Business Combination, Integration Related Costs                           21.0 $ 32.0 $ 47.0 $ 57.0   110.0          
Regulatory Liabilities                           4,545.0   4,545.0   4,860.0 4,545.0          
Commonwealth Edison Co [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
Regulatory Assets                           1,145.0   $ 1,145.0   1,201.0 1,145.0          
Public Utilities, Requested Rate Increase (Decrease), Amount             $ 50.0                                  
Expected revenue adjustment for current year             $ 92.0                                  
Expected revenue adjustment for prior year                                   $ 142.0            
Requested Debt and Equity Return on Distribution             7.05%                                  
Requested ROE             9.14%                     9.09%            
Weighted Average Debt And Equity Return Electric Distribution                                   7.02%            
Weighted Average Debt And Equity Return             8.61%                     8.62%            
Gross transmission revenue requirement         $ 68.0                                      
Transmission revenue true up             $ 18.0                                  
Net transmission revenue requirement         $ 86.0                                      
Estimated number of smart meters to be installed                                       4,000,000        
Smart Meters Installed                               1,600,000                
Regulatory assets                           913.0   $ 913.0   $ 852.0 913.0          
Rate Of Return On Common Equity             11.50%                                  
Business Combination, Integration Related Costs                           3.0 1.0 10.0 1.0              
Regulatory Liabilities                           3,585.0   3,585.0   3,780.0 3,585.0          
PECO Energy Co [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
Regulatory Assets                           1,589.0   1,589.0   1,558.0 1,589.0          
Spend on smart grid investments                           155.0   $ 155.0     155.0          
Public Utilities, Requested Rate Increase (Decrease), Amount     $ 127.0         $ 190.0                                
Public Utilities, Requested Rate Increase (Decrease), Percentage               10.95%                                
TotalSmartMetersInstalled                               1,700,000                
SmartMeterFundingSGIG                               $ 200.0                
Smart meter spend to date                           579.0   579.0     579.0          
Smart grid infrastructure spend to date                           155.0   155.0     155.0          
Total smart grid and smart meter investment grant amount                           591.0   591.0     591.0          
Regulatory assets                           1,557.0   1,557.0   1,529.0 1,557.0          
Amount of Regulatory Costs Not yet Approved                           534.0   534.0     534.0          
Business Combination, Integration Related Costs                           2.0 1.0 4.0 1.0              
Regulatory Liabilities                           640.0   640.0   747.0 640.0          
Total Projected Natural Gas LTIIP Spend       $ 275.0                                        
Baltimore Gas and Electric Company [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
Regulatory Assets                           742.0   742.0   724.0 742.0          
Weighted Average Debt And Equity Return           8.46%                               8.53%    
Adjustment to Requested increase in electric revenues                                             $ 83.0  
Requested increase in gas revenues                                               $ 24.0
Rate of return on common equity electric distribution                     9.75%                          
Rate of return on common equity gas distribution                     9.60%                          
Increase in electric delivery service revenue resulting from rate case settlement or order.                     $ 34.0                          
Increase in gas delivery service revenue resulting from rate case settlement or order.                     $ 12.0                          
Gross transmission revenue requirement           $ 13.0                                    
Transmission revenue true up           3.0                                    
Net transmission revenue requirement           $ 10.0                                    
Estimated number of smart meters to be installed                         2,000,000                      
Reimbursements received from the DOE                         $ 200.0                      
Regulatory assets                           485.0   485.0   510.0 485.0          
Total Projected smart meter smart grid spend                         $ 480.0                      
Rate Of Return On Common Equity           11.30%                                    
Rate Of Return On Common Equity In Federal Energy Regulatory Committee Complaint                 8.80%     8.70%                        
Business Combination, Integration Related Costs                           2.0 1.0 5.0 1.0              
Regulatory Liabilities                           255.0   255.0   244.0 255.0          
Exelon Generation Co L L C [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
License Costs                               43.0                
Other Commitment                           3.5   3.5     3.5          
Business Combination, Integration Related Costs                           9.0 $ 3.0 24.0 $ 4.0              
Exelon Generation Co L L C [Member] | Minimum [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
Minimum Purchase Obligation                                         $ 25.0      
Exelon Generation Co L L C [Member] | Maximum [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
Maximum Purchase Obligation                                         $ 35.0      
Under Recovered Distribution Service Costs [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
Regulatory Assets                           240.0   240.0   371.0 240.0          
Under Recovered Distribution Service Costs [Member] | Commonwealth Edison Co [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
Regulatory Assets [1]                           240.0   240.0   371.0 240.0          
CostRecoveryForSignificantOneTimeEvents                               56.0   85.0            
UnderOverRecoveredDistributionServiceCosts                               184.0   286.0            
Business Combination, Integration Related Costs                               13.0   19.0            
RegulatoryAssetsDueToDeferredStormCosts                               43.0   66.0            
Under Recovered Distribution Service Costs [Member] | PECO Energy Co [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
Regulatory Assets                           0.0   0.0   0.0 0.0          
Under Recovered Distribution Service Costs [Member] | Baltimore Gas and Electric Company [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
Regulatory Assets                           0.0   0.0   0.0 0.0          
AMI Expenses [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
Regulatory Assets                           373.0   373.0   296.0 373.0          
AMI Expenses [Member] | Commonwealth Edison Co [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
Regulatory Assets                           130.0   130.0   91.0 130.0          
AMI Expenses [Member] | PECO Energy Co [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
Regulatory Assets                           64.0   64.0   77.0 64.0          
AMI Expenses [Member] | Baltimore Gas and Electric Company [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
Regulatory Assets                           179.0   179.0   128.0 179.0          
Energy Efficiency And Demand Response Programs [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
Regulatory Assets                           271.0   271.0   248.0 271.0          
Energy Efficiency And Demand Response Programs [Member] | Commonwealth Edison Co [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
Regulatory Assets                           0.0   0.0   0.0 0.0          
Energy Efficiency And Demand Response Programs [Member] | PECO Energy Co [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
Regulatory Assets                           0.0   0.0   0.0 0.0          
Energy Efficiency And Demand Response Programs [Member] | Baltimore Gas and Electric Company [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
Regulatory Assets                           271.0   271.0   248.0 271.0          
Transmission Rate Formula [Member] | Commonwealth Edison Co [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
Net regulatory asset                           26.0   26.0   21.0 26.0          
Net Regulatory Asset                           26.0   26.0   21.0 26.0          
Transmission Rate Formula [Member] | Baltimore Gas and Electric Company [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
Net regulatory asset                           5.0   5.0   1.0 5.0          
Net Regulatory Asset                           5.0   5.0   1.0 5.0          
Distribution formula Rate [Member] | Commonwealth Edison Co [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
Net Regulatory Assets                           240.0   240.0   371.0 240.0          
Under Recovered Energy And Transmission Costs [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
Regulatory Assets                           67.0   67.0   48.0 67.0          
Under Recovered Energy And Transmission Costs [Member] | Commonwealth Edison Co [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
Regulatory Assets [2]                           33.0   33.0   33.0 33.0          
ElectricTransmissionCostsUnderRecovery                               26.0   22.0            
Business Combination, Integration Related Costs                               7.0   7.0            
Under Recovered Energy And Transmission Costs [Member] | PECO Energy Co [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
Regulatory Assets                           0.0   0.0   0.0 0.0          
Under Recovered Energy And Transmission Costs [Member] | Baltimore Gas and Electric Company [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
Regulatory Assets [3]                           34.0   $ 34.0   15.0 34.0          
Business Combination, Integration Related Costs                                 4.0            
FERC Transmission Complaint [Member] | Baltimore Gas and Electric Company [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
Approved ROE                       10.80%                        
Revenue Reduction                   $ 14.0                            
Customer Refund Liability, Noncurrent                   13.0                            
Customer Refund                   13.0                            
Cash Collected                   $ 27.0                            
Subsequent Event [Member] | Commonwealth Edison Co [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
Public Utilities, Requested Rate Increase (Decrease), Amount   $ 68.0                                            
Expected revenue adjustment for current year   8.0                                            
Expected revenue adjustment for prior year   10.0                                            
Revenue Reduction   $ 18.0                                            
Scenario, Forecast [Member] | FERC Transmission Complaint [Member] | Baltimore Gas and Electric Company [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
Revenue Reduction $ (11.0)                                              
Over Recovered Energy And Transmission Costs [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
Regulatory Liabilities                           134.0   $ 134.0   84.0 134.0          
Over Recovered Energy And Transmission Costs [Member] | Commonwealth Edison Co [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
Regulatory Liabilities [2]                           46.0   46.0   19.0 46.0          
Over Recovered Energy And Transmission Costs [Member] | PECO Energy Co [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
Regulatory Liabilities [4]                           70.0   70.0   58.0 70.0          
Over Recovered Energy And Transmission Costs [Member] | Baltimore Gas and Electric Company [Member]                                                
Regulatory Matters Additional Narrative Information [Line Items]                                                
Regulatory Liabilities [3]                           $ 18.0   $ 18.0   $ 7.0 $ 18.0          
[1] As of September 30, 2015, ComEd’s regulatory asset of $240 million was comprised of $184 million for the applicable annual reconciliations and $56 million related to significant one-time events including $43 million of deferred storm costs and $13 million of Constellation merger and integration related costs. As of December 31, 2014, ComEd’s regulatory asset of $371 million was comprised of $286 million for the applicable annual reconciliations and $85 million related to significant one-time events, including $66 million of deferred storm costs and $19 million of Constellation merger and integration related costs. See Note 4 — Mergers, Acquisitions, and Dispositions of the Exelon 2014 Form 10-K for further information.
[2] As of September 30, 2015, ComEd’s regulatory asset of $33 million included $26 million associated with transmission costs recoverable through its FERC approved formulate rate, and $7 million of Constellation merger and integration costs to be recovered upon FERC approval. As of September 30, 2015, ComEd’s regulatory liability of $46 million included $24 million related to over-recovered energy costs for hourly customers and $22 million associated with revenues received for renewable energy requirements. As of December 31, 2014, ComEd’s regulatory asset of $33 million included $4 million related to under-recovered energy costs for non-hourly customers, $22 million associated with transmission costs recoverable through its FERC approved formulate rate, and $7 million of Constellation merger and integration costs to be recovered upon FERC approval. As of December 31, 2014, ComEd’s regulatory liability of $19 million included $3 million related to over-recovered energy costs for hourly customers and $16 million associated with revenues received for renewable energy requirements.
[3] As of September 30, 2015, BGE's regulatory asset of $34 million included $5 million associated with transmission costs recoverable through its FERC approved formula rate and $29 million related to under-recovered electric energy costs. As of September 30, 2015, BGE's regulatory liability of $18 million related to $9 million of over-recovered natural gas supply costs and $14 million of over-recovered energy costs, offset by $4 million of Constellation merger and integration costs and $1 million of abandonment costs to be recovered upon FERC approval. As of December 31, 2014, BGE's regulatory asset of $15 million included $10 million related to under-recovered electric energy costs, $4 million of Constellation merger and integration costs and $1 million of abandonment costs to be recovered upon FERC approval. As of December 31, 2014, BGE's regulatory liability of $7 million related to over-recovered natural gas supply costs.
[4] (e)As of September 30, 2015, PECO's regulatory liability of $70 million included $33 million related to the DSP program, $31 million related to the over-recovered natural gas costs under the PGC and $6 million related to over-recovered electric transmission costs. As of December 31, 2014, PECO's regulatory liability of $58 million included $39 million related to the DSP program, $16 million related to the over-recovered natural gas costs under the PGC and $3 million related to the over-recovered electric transmission costs.