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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents $ 6,502 $ 1,878
Cash and cash equivalents 6,502 1,878
Restricted cash and cash equivalents 205 271
Accounts receivable, net    
Customer 3,187 3,482
Other 912 1,227
Mark-to-market derivative assets 1,365 1,279
Unamortized energy contract assets 86 254
Inventories, net    
Fossil fuel 462 579
Materials and supplies 1,104 1,024
Regulatory assets 759 847
Assets held for sale 4 147
Other 748 865
Total current assets 15,334 11,853
Property, plant and equipment, net 57,439 52,170
Deferred debits and other assets    
Regulatory assets 6,065 6,076
Nuclear decommissioning trust funds 10,342 10,537
Investments 639 544
Goodwill 2,672 2,672
Mark-to-market derivative assets 758 773
Unamortized energy contract assets 484 549
Pledged assets for Zion Station decommissioning 206 319
Other 1,445 923
Total deferred debits and other assets 22,611 22,393
Total assets [1] 95,384 86,416
Current liabilities    
Short-term borrowings 533 460
Long-term debt due within one year 1,500 1,802
Accounts payable 2,883 3,048
Accrued expenses 2,376 1,539
Payables to affiliates 8 8
Accounts Payable, Related Parties, Current 8 8
Mark-to-market derivative liabilities 205 234
Unamortized energy contract liabilities 100 238
Energy Marketing Accounts Payable 302 192
Regulatory liabilities 369 310
Other 842 931
Total current liabilities 9,118 8,762
Long-term debt 23,645 19,212
Long-term debt to financing trusts [2] 641 641
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 13,776 12,778
Asset retirement obligations 8,585 7,295
Pension obligations 3,385 3,366
Non-pension postretirement benefit obligations 1,618 1,742
Spent nuclear fuel obligation 1,021 1,021
Regulatory liabilities 4,201 4,550
Mark-to-market derivative liabilities 374 403
Unamortized energy contract liabilities 117 211
Payable for Zion Station decommissioning 90 155
Other 1,491 2,147
Total deferred credits and other liabilities 34,658 33,668
Total liabilities [1] 68,062 62,283
Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount 28 0
Shareholders’ equity    
Common stock 18,676 16,709
Treasury stock, at cost (35 shares at December 31, 2015 and 2014, respectively) (2,327) (2,327)
Retained earnings 12,068 10,910
Accumulated other comprehensive loss, net (2,624) (2,684) [3]
Total shareholders’ equity 25,793 22,608
BGE preference stock not subject to mandatory redemption 193 193
Noncontrolling interest 1,308 1,332
Total equity 27,294 24,133
Total liabilities and shareholders’ equity 95,384 86,416
Member’s equity    
Accumulated other comprehensive loss, net (2,624) (2,684) [3]
Variable Interest Entity, Primary Beneficiary, Aggregated Disclosure [Member]    
Deferred debits and other assets    
Total assets 8,268 8,159
Deferred credits and other liabilities    
Total liabilities 3,264 2,728
Commonwealth Edison Co [Member]    
Current assets    
Cash and cash equivalents 67 66
Restricted cash and cash equivalents 2 4
Accounts receivable, net    
Customer 533 477
Other 272 648
Receivables from affiliates 199 14
Inventories, net    
Inventories, net 164 125
Regulatory assets 218 349
Other 63 40
Total current assets 1,518 1,723
Property, plant and equipment, net 17,502 15,793
Deferred debits and other assets    
Regulatory assets 895 852
Investments 6 6
Goodwill 2,625 2,625
Receivable from affiliates 2,172 2,571
Prepaid pension asset 1,490 1,551
Other 324 237
Total deferred debits and other assets 7,512 7,842
Total assets 26,532 25,358
Current liabilities    
Short-term borrowings 294 304
Long-term debt due within one year 665 260
Accounts payable 660 598
Accrued expenses 706 331
Accounts Payable, Related Parties, Current 62 84
Mark-to-market derivative liabilities 23 20
Customer deposits 131 128
Regulatory liabilities 155 125
Other 70 73
Total current liabilities 2,766 1,923
Long-term debt 5,844 5,665
Long-term debt to financing trusts 205 205
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 4,914 4,561
Asset retirement obligations 111 103
Non-pension postretirement benefit obligations 259 263
Regulatory liabilities 3,459 3,655
Mark-to-market derivative liabilities 224 187
Other 507 889
Total deferred credits and other liabilities 9,474 9,658
Total liabilities 18,289 17,451
Shareholders’ equity    
Common stock 1,588 1,588
Other paid-in capital 5,677 5,468
Retained earnings 978 851
Total shareholders’ equity 8,243 7,907
Total liabilities and shareholders’ equity 26,532 25,358
Exelon Generation Co L L C [Member]    
Current assets    
Cash and cash equivalents 431 780
Cash and cash equivalents 431 780
Restricted cash and cash equivalents 123 158
Accounts receivable, net    
Customer 2,095 2,295
Other 360 318
Mark-to-market derivative assets 1,365 1,276
Receivables from affiliates 83 113
Unamortized energy contract assets 86 254
Inventories, net    
Fossil fuel 384 465
Materials and supplies 880 847
Assets held for sale 4 147
Other 531 658
Total current assets 6,342 7,311
Property, plant and equipment, net 25,843 23,028
Deferred debits and other assets    
Nuclear decommissioning trust funds 10,342 10,537
Investments 210 104
Goodwill 47 47
Mark-to-market derivative assets 733 771
Prepaid pension asset 1,689 1,704
Unamortized energy contract assets 484 549
Deferred income taxes 6 3
Pledged assets for Zion Station decommissioning 206 319
Other 627 578
Total deferred debits and other assets 14,344 14,612
Total assets [4] 46,529 44,951
Current liabilities    
Short-term borrowings 29 36
Long-term debt due within one year 90 58
Accounts payable 1,583 1,759
Accrued expenses 935 886
Payables to affiliates 0 556
Accounts Payable, Related Parties, Current 104 107
Mark-to-market derivative liabilities 182 214
Unamortized energy contract liabilities 100 238
Energy Marketing Accounts Payable 302 192
Other 356 413
Exelon Money Pool Borrowing Current 1,252 0
Total current liabilities 4,933 4,459
Long-term debt 7,936 6,639
Long-term debt to financing trusts 933 943
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 5,845 5,707
Asset retirement obligations 8,431 7,146
Non-pension postretirement benefit obligations 924 915
Spent nuclear fuel obligation 1,021 1,021
Mark-to-market derivative liabilities 150 105
Unamortized energy contract liabilities 117 211
Payable for Zion Station decommissioning 90 155
Other 602 719
Due to Affiliate, Noncurrent 2,577 2,880
Total deferred credits and other liabilities 19,757 18,859
Total liabilities [4] 33,559 30,900
Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount 28  
Shareholders’ equity    
Accumulated other comprehensive loss, net (63) (36) [3]
Noncontrolling interest 1,307 1,333
Member’s equity    
Membership interest 8,997 8,951
Undistributed earnings 2,701 3,803
Accumulated other comprehensive loss, net (63) (36) [3]
Total member’s equity 11,635 12,718
Total equity 12,942 14,051
Total liabilities and equity 46,529 44,951
Exelon Generation Co L L C [Member] | Variable Interest Entity, Primary Beneficiary, Aggregated Disclosure [Member]    
Deferred debits and other assets    
Total assets 8,235 8,118
Deferred credits and other liabilities    
Total liabilities 3,135 2,512
PECO Energy Co [Member]    
Current assets    
Cash and cash equivalents 295 30
Restricted cash and cash equivalents 3 2
Accounts receivable, net    
Customer 258 320
Other 146 141
Receivables from affiliates 2 3
Inventories, net    
Fossil fuel 43 57
Materials and supplies 26 22
Prepaid utility taxes 11 10
Regulatory assets 34 29
Other 24 31
Total current assets 842 645
Property, plant and equipment, net 7,141 6,801
Deferred debits and other assets    
Regulatory assets 1,583 1,529
Investments 28 31
Receivable from affiliates 405 490
Prepaid pension asset 347 344
Other 21 20
Total deferred debits and other assets 2,384 2,414
Total assets 10,367 9,860
Current liabilities    
Long-term debt due within one year 300 0
Accounts payable 281 337
Accrued expenses 109 91
Accounts Payable, Related Parties, Current 55 52
Customer deposits 58 52
Regulatory liabilities 112 90
Other 29 31
Total current liabilities 944 653
Long-term debt 2,280 2,232
Long-term debt to financing trusts 184 184
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 2,792 2,602
Asset retirement obligations 27 29
Non-pension postretirement benefit obligations 287 287
Regulatory liabilities 527 657
Mark-to-market derivative liabilities 12  
Other 90 95
Total deferred credits and other liabilities 3,723 3,670
Total liabilities 7,131 6,739
Shareholders’ equity    
Common stock 2,455 2,439
Retained earnings 780 681
Accumulated other comprehensive loss, net 1 1 [3]
Total shareholders’ equity 3,236 3,121
Total liabilities and shareholders’ equity 10,367 9,860
Member’s equity    
Accumulated other comprehensive loss, net 1 1 [3]
Baltimore Gas and Electric Company [Member]    
Current assets    
Cash and cash equivalents 9 64
Restricted cash and cash equivalents 24 50
Accounts receivable, net    
Customer 300 390
Other 112 82
Inventories, net    
Fossil fuel 36 57
Materials and supplies 33 30
Prepaid utility taxes 61 59
Regulatory assets 267 214
Other 3 5
Total current assets 845 951
Property, plant and equipment, net 6,597 6,204
Deferred debits and other assets    
Regulatory assets 514 510
Investments 12 12
Prepaid pension asset 319 370
Other 8 9
Total deferred debits and other assets 853 901
Total assets [5] 8,295 8,056
Current liabilities    
Short-term borrowings 210 120
Long-term debt due within one year 378 75
Accounts payable 209 215
Accrued expenses 110 131
Accounts Payable, Related Parties, Current 52 66
Customer deposits 102 92
Regulatory liabilities 38 44
Other 35 51
Total current liabilities 1,134 794
Long-term debt 1,480 1,857
Long-term debt to financing trusts 252 252
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 2,081 1,911
Asset retirement obligations 17 17
Non-pension postretirement benefit obligations 209 212
Regulatory liabilities 184 200
Other 61 60
Total deferred credits and other liabilities 2,552 2,400
Total liabilities [5] 5,418 5,303
Shareholders’ equity    
Common stock 1,367 1,360
Retained earnings 1,320 1,203
Total shareholders’ equity 2,687 2,563
BGE preference stock not subject to mandatory redemption 190 190
Total equity 2,877 2,753
Total liabilities and shareholders’ equity 8,295 8,056
Baltimore Gas and Electric Company [Member] | Variable Interest Entity, Primary Beneficiary, Aggregated Disclosure [Member]    
Deferred debits and other assets    
Total assets 26 24
Deferred credits and other liabilities    
Total liabilities 122 $ 197
Constellation Energy Group LLC [Member]    
Deferred debits and other assets    
Total assets $ 187  
[1] Exelon’s consolidated assets include $8,268 million and $8,159 million at December 31, 2015 and December 31, 2014, respectively, of certain VIEs that can only be used to settle the liabilities of the VIE. Exelon’s consolidated liabilities include $3,264 million and $2,728 million at December 31, 2015 and December 31, 2014, respectively, of certain VIEs for which the VIE creditors do not have recourse to Exelon. See Note 2–Variable Interest Entities.
[2] Amounts owed to these financing trusts are recorded as Long-term debt to financing trusts within Exelon’s Consolidated Balance Sheets.
[3] All amounts are net of tax. Amounts in parenthesis represent a decrease in accumulated other comprehensive income.
[4] Generation’s consolidated assets include $8,235 million and $8,118 million at December 31, 2015 and 2014, respectively, of certain VIEs that can only be used to settle the liabilities of the VIE. Generation’s consolidated liabilities include $3,135 million and $2,512 million at December 31, 2015 and 2014, respectively, of certain VIEs for which the VIE creditors do not have recourse to Generation. See Note 2–Variable Interest Entities.
[5] BGE’s consolidated assets include $26 million and $24 million at December 31, 2015 and December 31, 2014, respectively, of BGE’s consolidated VIE that can only be used to settle the liabilities of the VIE. BGE’s consolidated liabilities include $122 million and $197 million at December 31, 2015 and December 31, 2014, respectively, of BGE’s consolidated VIE for which the VIE creditors do not have recourse to BGE. See Note 2 - Variable Interest Entities.