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Mergers, Acquisitions and Dispositions (Tables)
6 Months Ended
Jun. 30, 2016
Business Combinations [Abstract]  
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]
 
PHI
 
Exelon(a)
Beginning balance
$

 
$
2,672

Goodwill from business combination
4,016

 
4,016

Measurement period adjustment
8

 
8

Ending balance
$
4,024

 
$
6,696

_____________
(a) As of June 30, 2016, there were no changes to the carrying amount of goodwill for ComEd and Generation, see Note 11Intangible Assets of the Exelon 2015 Form 10-K for further information.
Business Acquisition, Pro Forma Information, Nonrecurring Adjustments [Table Text Block]
 
Three Months Ended  
 June 30,
 
Six Months Ended 
 June 30,
 
Year Ended December 31,
 
2016 (a)
 
2015 (b)
 
2016 (a)
 
2015 (b)
 
2015 (c)
Total operating revenues
$
6,910

 
$
7,522

 
$
15,466

 
$
17,584

 
$
33,823

Net income attributable to common shareholders
268

 
623

 
845

 
1,423

 
2,618

 
 
 
 
 
 
 
 
 
 
Basic earnings per share
$
0.29

 
$
0.68

 
$
0.92

 
$
1.55

 
$
2.85

Diluted earnings per share
0.29

 
0.67

 
0.91

 
1.54

 
2.84

______________
(a)
The amounts above include adjustments for non-recurring costs directly related to the merger of $1 million and $641 million for the three and six months ended June 30, 2016, respectively, and intercompany revenue of $170 million for the six months ended June 30, 2016.
(b)
The amounts above include adjustments for non-recurring costs directly related to the merger of $(82) million and $35 million and intercompany revenue of $111 million and $233 million for the three and six months ended June 30, 2015, respectively.
(c)
The amounts above include adjustments for non-recurring costs directly related to the merger of $92 million and intercompany revenue of $559 million for the year ended December 31, 2015.
Business Combination, Separately Recognized Transactions [Table Text Block]
 
Expected Payment Period
 
 
 
 
 
 
 
Successor
 
 
Description
 
Pepco
 
DPL
 
ACE
 
PHI
 
Exelon
Customer bill credit
2016 - 2017
 
$
65

 
$
58

 
$
62

 
$
185

 
$
185

Energy efficiency
2016 - 2021
 

 

 

 

 
64

Charitable contributions
2016 - 2026
 
28

 
12

 
10

 
50

 
50

Customer base rate credit
2016 - 2019
 
26

 

 

 
26

 
26

Delivery system modernization
Q2 2016
 

 

 

 

 
22

Green sustainability fund
Q2 2016
 

 

 

 

 
14

Workforce development
2016 - 2020
 

 

 

 

 
11

Most favored nation
 
 
19

 
32

 
48

 
99

 
129

Other
 
 
1

 
2

 

 
3

 
7

Total
 
 
$
139

 
$
104

 
$
120

 
$
363

 
$
508

(In millions of dollars, except per share data)
Total Consideration
Cash paid to PHI shareholders at $27.25 per share (254 million shares outstanding at March 23, 2016)
$
6,933

Cash paid for PHI preferred stock(a)
180

Cash paid for PHI stock-based compensation equity awards(b)
29

Total purchase price
$
7,142

_____________
(a)
As of December 31, 2015, the preferred stock was included in Other non-current assets on Exelon's Consolidated Balance Sheets.
(b)
PHI’s unvested time-based restricted stock units and performance-based restricted stock units issued prior to April 29, 2014 were immediately vested and paid in cash upon the close of the merger.  PHI’s remaining unvested time-based restricted stock units as of the close of the merger were cancelled.  There were no remaining unvested performance-based restricted stock units as of the close of the merger. 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
Preliminary Purchase Price Allocation
 
Current assets
$
1,441

Property, plant and equipment
11,076

Regulatory assets
5,015

Other assets
248

Goodwill
4,024

Total assets
$
21,804

 
 
Current liabilities
$
2,763

Unamortized energy contracts
1,515

Regulatory liabilities
297

Long-term debt, including current maturities
5,636

Deferred income taxes
3,443

Pension and OPEB liability
821

Other liabilities
187

Total liabilities
$
14,662

Total purchase price
$
7,142

Restructuring and Related Costs
 
Three Months Ended June 30,
 
Six Months Ended June 30,
Acquisition, Integration and Financing Costs(a)
2016
 
2015
 
2016
 
2015
Exelon(b)
$
1

 
$
(87
)
 
$
103

 
$
21

Generation
4

 
7

 
20

 
15

ComEd(c)
1

 
3

 
(7
)
 
6

PECO
1

 
1

 
2

 
2

BGE(d)
(5
)
 
1

 
(4
)
 
3

Pepco(d)
(4
)
 
1

 
23

 
2

DPL(d)

 
1

 
16

 
1

ACE
2

 
1

 
15

 
1


 
Successor
 
 
Predecessor
 
Successor
 
 
Predecessor
Acquisition, Integration and Financing Costs(a)
Three Months Ended  
 June 30, 2016
 
 
Three Months Ended  
 June 30, 2015
 
March 24, 2016 to June 30, 2016
 
 
January 1, 2016 to March 23, 2016
 
Six Months Ended June 30, 2015
PHI(d)
$
(1
)
 
 
$
5

 
$
55

 
 
$
29

 
$
14

______________
(a)
The costs incurred are classified primarily within Operating and maintenance expense in the Registrants’ respective Consolidated Statements of Operations and Comprehensive Income, with the exception of the financing costs, which are included within Interest expense. Costs do not include merger commitments discussed above.
(b)
Reflects costs (benefits) recorded at Exelon related to financing, including mark-to-market activity on forward-starting interest rate swaps.
(c)
For the six months ended June 30, 2016, includes the reversal of previously incurred acquisition, integration and financing costs of $8 million incurred at ComEd that has been deferred and recorded as a regulatory asset
 
 
 
 
 
 
 
 
 
 
 
Successor
 
 
 
 
 
 
 
Exelon
 
Generation
 
ComEd
 
PECO
 
BGE
 
PHI
 
Pepco(b)
 
DPL(c)
 
ACE
Three Months Ended June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Severance benefits(a)
$
2

 
$
(1
)
 
$
(1
)
 
$

 
$

 
$
4

 
$
2

 
$
1

 
$
1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Severance benefits(a)
$
55

 
$
9

 
$
2

 
$
1

 
$
1

 
$
42

 
$
20

 
$
12

 
$
10

______________
(a)
The amounts above for Generation, ComEd, PECO, BGE, Pepco, DPL and ACE include $(1) million, $(1) million, less than $1 million, less than $1 million, $2 million, $1 million and $1 million, respectively, for amounts billed by BSC and/or PHISCO through intercompany allocations for the three months ended June 30, 2016, and $8 million, $2 million, $1 million, $1 million, $19 million, $11 million and $10 million for the six months ended June 30, 2016.
 
Exelon
 
Generation(a)
 
ComEd
Three Months Ended
 
 
 
 
 
June 30, 2016
$
2

 
$
1

 
$
1

June 30, 2015
1

 
1

 

 
 
 
 
 
 
Six Months Ended
 
 
 
 
 
June 30, 2016
$
4

 
$
3

 
$
1

June 30, 2015
21

 
21