XML 207 R119.htm IDEA: XBRL DOCUMENT v3.3.1.900
Debt and Credit Agreements - Narrative (Details)
$ / shares in Units, shares in Millions
1 Months Ended 12 Months Ended
Dec. 02, 2015
USD ($)
Sep. 30, 2013
USD ($)
MW
Jun. 30, 2014
USD ($)
$ / shares
shares
Sep. 30, 2012
USD ($)
MW
Jul. 31, 2011
USD ($)
MW
Dec. 31, 2015
USD ($)
Jan. 05, 2016
USD ($)
Oct. 30, 2015
USD ($)
Jun. 30, 2015
USD ($)
Dec. 31, 2014
USD ($)
Sep. 30, 2014
USD ($)
Sep. 18, 2014
USD ($)
May. 31, 2014
USD ($)
May. 30, 2014
USD ($)
[3],[4]
Mar. 28, 2014
USD ($)
[3],[4]
Feb. 06, 2014
USD ($)
Dec. 31, 2011
USD ($)
Oct. 31, 2011
USD ($)
Jun. 30, 2011
USD ($)
Debt Instrument [Line Items]                                      
Outstanding letters of credit [1]           $ 1,478,000,000                          
Bridge loan                 $ 3,200,000,000.0       $ 7,200,000,000.0            
Long-term debt, gross           25,113,000,000       $ 20,864,000,000                  
Long-term debt           25,761,000,000                          
Redemption of debt           44,000,000                          
Collateral amount of debt           2,400,000,000                          
Outstanding borrowings/facility draws           0                          
Debt Instrument, Fee Amount $ 5,000,000                                    
Payments of Debt Issuance Costs 4,000,000                                    
Write off of Deferred Debt Issuance Cost 9,000,000                                    
Redemption Premium 9,000,000                                    
Designated as Hedging Instrument [Member]                                      
Debt Instrument [Line Items]                                      
Notional amount of preissuance interest rate cash flow hedge derivatives           738,000,000                          
Senior Notes [Member]                                      
Debt Instrument [Line Items]                                      
Long-term debt, gross           9,803,000,000       7,071,000,000                  
Principal amount of debt           3,300,000,000     $ 4,200,000,000                    
Redemption of debt 868,000,000                                    
Junior Subordinated Debt [Member]                                      
Debt Instrument [Line Items]                                      
Long-term debt, gross     $ 1,150,000,000.00     $ 1,150,000,000       1,150,000,000                  
Equity units issued | shares     23                                
Conversion price | $ / shares     $ 50                                
Proceeds from issuance of subordinated long-term debt     $ 1,110,000,000                                
Underwriting fee     35,000,000                                
Long-term debt     $ 131,000,000                                
Maximum [Member]                                      
Debt Instrument [Line Items]                                      
Basis points adders for prime-based borrowings           0.065%                          
Basis points adders for LIBOR-based borrowings           0.00165                          
Revolving Credit Facility [Member]                                      
Debt Instrument [Line Items]                                      
Line of credit facility, maximum borrowing capacity [2]           $ 8,425,000,000                          
Commonwealth Edison Co [Member]                                      
Debt Instrument [Line Items]                                      
Outstanding letters of credit [1]           $ 2,000,000                          
Basis points adders for prime-based borrowings           0.075%                          
Basis points adders for LIBOR-based borrowings           0.01075                          
Long-term debt, gross           $ 6,567,000,000       5,977,000,000                  
Long-term debt           6,773,000,000                          
Outstanding borrowings/facility draws           0                          
Commonwealth Edison Co [Member] | Revolving Credit Facility [Member]                                      
Debt Instrument [Line Items]                                      
Line of credit facility, maximum borrowing capacity           1,000,000,000 [2]                 $ 1,000,000,000        
Exelon Corporate [Member]                                      
Debt Instrument [Line Items]                                      
Outstanding letters of credit [1]           $ 26,000,000                          
Basis points adders for prime-based borrowings           0.275%                          
Basis points adders for LIBOR-based borrowings           0.01275                          
Long-term debt, gross           $ 5,853,000,000       3,916,000,000                  
Long-term debt           5,853,000,000                          
Principal amount of debt $ 1,900,000,000                                    
Outstanding borrowings/facility draws           0                          
Exelon Corporate [Member] | Junior Subordinated Debt [Member]                                      
Debt Instrument [Line Items]                                      
Long-term debt, gross           1,150,000,000       1,150,000,000                  
Exelon Corporate [Member] | Revolving Credit Facility [Member]                                      
Debt Instrument [Line Items]                                      
Line of credit facility, maximum borrowing capacity           500,000,000 [2]               $ 500,000,000          
Exelon Generation Co L L C [Member]                                      
Debt Instrument [Line Items]                                      
Outstanding letters of credit [1]           $ 1,449,000,000                          
Basis points adders for prime-based borrowings           0.275%                          
Basis points adders for LIBOR-based borrowings           0.01275                          
Long-term debt, gross           $ 8,919,000,000       8,134,000,000                  
Long-term debt           8,919,000,000                          
Outstanding borrowings/facility draws           0                          
Exelon Generation Co L L C [Member] | ExGen Texas Power [Member] | Interest Rate Swap [Member]                                      
Debt Instrument [Line Items]                                      
Interest rate on long-term debt                       2.34%              
Non-recourse debt, interest rate swap                       $ 505,000,000              
Exelon Generation Co L L C [Member] | ExgenRenewablesI425June62021[Member] | Interest Rate Swap [Member]                                      
Debt Instrument [Line Items]                                      
Interest rate on long-term debt                               2.03%      
Non-recourse debt, interest rate swap                               $ 240,000,000      
Exelon Generation Co L L C [Member] | Constellation Solar Horizons Financing [Member]                                      
Debt Instrument [Line Items]                                      
Non-recourse debt, interest rate swap       $ 29,000,000                              
Non-recourse debt, commitment       $ 38,000,000                              
Generation capacity of portfolio | MW       16                              
Outstanding borrowings/facility draws           32,000,000                          
Non-recourse debt, hedge percentage       75.00%                              
Exelon Generation Co L L C [Member] | Senior Notes [Member]                                      
Debt Instrument [Line Items]                                      
Long-term debt, gross           5,971,000,000       5,771,000,000                  
Principal amount of debt           750,000,000                          
Exelon Generation Co L L C [Member] | Non Recourse Debt [Member] | Continetal Wind [Member]                                      
Debt Instrument [Line Items]                                      
Line of credit facility, maximum borrowing capacity                     $ 131,000,000                
Outstanding letters of credit           99,000,000                          
Interest rate on long-term debt   6.00%                                  
Principal amount of debt   $ 613,000,000                                  
Generation capacity of portfolio | MW   667                                  
Aggregate bank commitments under unsecured revolving credit facilities   $ 10,000,000                                  
Non-recourse debt           572,000,000                          
Exelon Generation Co L L C [Member] | Non Recourse Debt [Member] | ExGen Texas Power [Member]                                      
Debt Instrument [Line Items]                                      
Interest rate on long-term debt                       4.75%              
Principal amount of debt                       $ 675,000,000              
Non-recourse debt           666,000,000                          
Exelon Generation Co L L C [Member] | Non Recourse Debt [Member] | ExgenRenewablesI425June62021[Member]                                      
Debt Instrument [Line Items]                                      
Interest rate on long-term debt                               4.25%      
Long-term debt                               $ 300,000,000      
Non-recourse debt           258,000,000                          
Exelon Generation Co L L C [Member] | Non Recourse Debt [Member] | DOE Project Financing, 3.092% January 2, 2037 [Member]                                      
Debt Instrument [Line Items]                                      
Outstanding letters of credit           69,000,000                          
Non-recourse debt, commitment                                 $ 646,000,000    
Non-recourse debt           574,000,000                          
Exelon Generation Co L L C [Member] | Non Recourse Debt [Member] | Sacramento PV Energy [Member]                                      
Debt Instrument [Line Items]                                      
Non-recourse debt, interest rate swap         $ 30,000,000                            
Generation capacity of portfolio | MW         30                            
Outstanding borrowings/facility draws           33,000,000                          
Non-recourse debt         $ 41,000,000                            
Non-recourse debt, hedge percentage         75.00%                            
Exelon Generation Co L L C [Member] | Non Recourse Debt [Member] | Denver International Airport [Member]                                      
Debt Instrument [Line Items]                                      
Outstanding borrowings/facility draws                                     $ 7,000,000
Non-recourse debt           7,000,000                          
Exelon Generation Co L L C [Member] | Non Recourse Debt [Member] | Holyoke [Member]                                      
Debt Instrument [Line Items]                                      
Outstanding borrowings/facility draws                                   $ 11,000,000  
Non-recourse debt           10,000,000                          
Exelon Generation Co L L C [Member] | Non Recourse Debt [Member] | Upstream Gas Property [Member]                                      
Debt Instrument [Line Items]                                      
Non-recourse debt, commitment         $ 85,000,000                            
Non-recourse debt, commitment increase available         $ 500,000,000                            
Outstanding borrowings/facility draws           68,000,000                          
Exelon Generation Co L L C [Member] | Sumitomo Bank [Member]                                      
Debt Instrument [Line Items]                                      
Outstanding letters of credit               $ 100,000,000                      
Exelon Generation Co L L C [Member] | Revolving Credit Facility [Member] | Subsequent Event [Member]                                      
Debt Instrument [Line Items]                                      
Outstanding letters of credit             $ 150,000,000                        
Exelon Generation Co L L C [Member] | Revolving Credit Facility [Member]                                      
Debt Instrument [Line Items]                                      
Line of credit facility, maximum borrowing capacity [2]           5,725,000,000                          
PECO Energy Co [Member]                                      
Debt Instrument [Line Items]                                      
Outstanding letters of credit [1]           $ 1,000,000                          
Basis points adders for prime-based borrowings           0.00%                          
Basis points adders for LIBOR-based borrowings           0.009                          
Long-term debt, gross           $ 2,600,000,000       2,250,000,000                  
Long-term debt           2,784,000,000                          
Outstanding borrowings/facility draws           0                          
PECO Energy Co [Member] | Revolving Credit Facility [Member]                                      
Debt Instrument [Line Items]                                      
Line of credit facility, maximum borrowing capacity           600,000,000 [2]               $ 600,000,000          
Baltimore Gas and Electric Company [Member]                                      
Debt Instrument [Line Items]                                      
Outstanding letters of credit [1]           $ 0                          
Basis points adders for prime-based borrowings           0.00%                          
Basis points adders for LIBOR-based borrowings           0.01                          
Long-term debt, gross           $ 1,870,000,000       $ 1,945,000,000                  
Long-term debt           2,128,000,000                          
Outstanding borrowings/facility draws           0                          
Baltimore Gas and Electric Company [Member] | Revolving Credit Facility [Member]                                      
Debt Instrument [Line Items]                                      
Line of credit facility, maximum borrowing capacity [2]           $ 600,000,000                          
[1] Excludes nonrecourse debt letters of credit, see discussion below on Continental Wind.
[2] Excludes additional credit facilities 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. The agreements for 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 December 31, 2015, letters of credit issued under these facilities totaled $7 million, $14 million, $21 million and $2 million for Generation, ComEd, PECO and BGE, respectively.
[3] Excludes additional credit facilities 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. The agreements for 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 December 31, 2015, letters of credit issued under these facilities totaled $7 million, $14 million, $21 million and $2 million for Generation, ComEd, PECO and BGE, respectively.
[4] Reflects aggregate bank commitments under the revolving and bilateral credit agreements (with the exception of $275 million and $200 million bilateral agreements for Generation as of December 31, 2015 and 2014, respectively) that backstop the commercial paper program. See discussion and Credit Facilities table below for items affecting effective program size.