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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 787 $ 898
Restricted cash and cash equivalents 209 207
Accounts receivable, net    
Customer 4,190 4,445
Other 1,103 1,132
Mark-to-market derivative assets, current 978 976
Unamortized energy contract assets 55 60
Inventories, net    
Energy Related Inventory, Other Fossil Fuel 180 340
Inventory, Raw Materials and Supplies, Gross 1,291 1,311
Regulatory Assets, Current 1,245 1,267
Other 1,495 1,260
Total current assets 11,533 11,896
Property, plant and equipment, net 74,711 74,202
Deferred debits and other assets    
Regulatory Assets, Noncurrent 8,063 8,021
Nuclear decommissioning trust funds 13,149 13,272
Investments 640 640
Goodwill 6,677 6,677
Mark-to-market derivative assets, noncurrent 527 337
Unamortized energy contract assets 385 395
Other 1,333 1,330
Total deferred debits and other assets 30,774 30,672
Total assets [1] 117,018 116,770
Current Liabilities    
Short-term borrowings 1,654 929
Long-term debt due within one year 1,203 2,088
Accounts payable 3,207 3,532
Accrued expenses 1,569 1,837
Payable to affiliates, current 5 5
Regulatory Liability, Current 522 523
Mark-to-market derivative liabilities 415 232
Unamortized energy contract liabilities 202 231
Energy Marketing Accounts Payable 333 352
Accounts Payable and Accrued Liabilities, Current 87 87
Other 956 982
Total current liabilities 10,153 10,798
Long-term debt 32,905 32,176
Long-term debt to financing trust 389 389
Deferred credits and other liabilities    
Deferred Income Taxes and Other Tax Liabilities, Noncurrent 11,344 11,235
Asset Retirement Obligations, Noncurrent 10,126 10,029
Pension obligations 3,433 3,736
Non-pension postretirement benefit obligations 2,114 2,093
Spent nuclear fuel obligation 1,151 1,147
Regulatory Liability, Noncurrent 9,724 9,865
Mark-to-market derivative liabilities, noncurrent 468 409
Unamortized energy contract liabilities 579 609
Other 2,067 2,097
Total deferred credits and other liabilities 41,006 41,220
Total liabilities [1] 84,453 84,583
Commitments and contingencies
Stockholders' Equity Attributable to Parent    
Common stock 18,973 18,964
Treasury stock, at cost (2 shares at March 31, 2018 and December 31, 2017) (123) (123)
Retained Earnings 14,346 14,081
Accumulated other comprehensive loss, net (2,965) (3,026)
Total shareholders’ equity 30,231 29,896
Member’s equity    
Noncontrolling Interests 2,334 2,291
Total equity 32,565 32,187
Total liabilities and shareholders’ equity 117,018 116,770
Variable Interest Entity, Consolidated, Liabilities, No Recourse 3,556 3,618
Variable Interest Entity, Consolidated, Assets, Not Pledged 9,727 9,597
Exelon Generation Co L L C [Member]    
Current Assets    
Cash and cash equivalents 610 416
Restricted cash and cash equivalents 127 138
Accounts receivable, net    
Customer 2,478 2,697
Other 294 321
Mark-to-market derivative assets, current 978 976
Receivable from affiliates, current 153 140
Unamortized energy contract assets 55 60
Inventories, net    
Energy Related Inventory, Other Fossil Fuel 151 264
Inventory, Raw Materials and Supplies, Gross 916 937
Other 1,122 933
Total current assets 6,884 6,882
Property, plant and equipment, net 24,714 24,906
Deferred debits and other assets    
Nuclear decommissioning trust funds 13,149 13,272
Investments 431 433
Goodwill 47 47
Mark-to-market derivative assets, noncurrent 527 334
Prepaid pension asset 1,571 1,502
Unamortized energy contract assets 385 395
Deferred income taxes 10 16
Other 657 670
Total deferred debits and other assets 16,777 16,669
Total assets [2] 48,375 48,457
Current Liabilities    
Short-term borrowings 166 2
Long-term debt due within one year 373 346
Accounts payable 1,447 1,773
Accrued expenses 951 1,022
Payable to affiliates, current 114 123
Borrowings from Exelon intercompany money pool 54 54
Mark-to-market derivative liabilities 391 211
Unamortized energy contract liabilities 39 43
Energy Marketing Accounts Payable 333 352
Other 288 265
Total current liabilities 4,156 4,191
Long-term debt 7,685 7,734
Long-term debt to affiliate 907 910
Deferred credits and other liabilities    
Deferred Income Taxes and Other Tax Liabilities, Noncurrent 3,749 3,811
Asset Retirement Obligations, Noncurrent 9,941 9,844
Non-pension postretirement benefit obligations 911 916
Spent nuclear fuel obligation 1,151 1,147
Payables to affiliates, noncurrent 2,970 3,065
Mark-to-market derivative liabilities, noncurrent 221 174
Unamortized energy contract liabilities 40 48
Other 686 658
Total deferred credits and other liabilities 19,669 19,663
Total liabilities [2] 32,417 32,498
Commitments and contingencies
Stockholders' Equity Attributable to Parent    
Retained Earnings 4,303 4,349
Accumulated other comprehensive loss, net (34) (37)
Member’s equity    
Membership Interest 9,357 9,357
Total members' equity 13,626 13,669
Noncontrolling Interests 2,332 2,290
Total equity 15,958 15,959
Total liabilities and shareholders’ equity 48,375 48,457
Variable Interest Entity, Consolidated, Liabilities, No Recourse 3,461 3,516
Variable Interest Entity, Consolidated, Assets, Not Pledged 9,688 9,556
Commonwealth Edison Co [Member]    
Current Assets    
Cash and cash equivalents 70 76
Restricted cash and cash equivalents 9 5
Accounts receivable, net    
Customer 485 559
Other 290 266
Receivable from affiliates, current 28 13
Inventories, net    
Inventories, net 146 152
Regulatory Assets, Current 226 225
Other 82 68
Total current assets 1,336 1,364
Property, plant and equipment, net 21,010 20,723
Deferred debits and other assets    
Regulatory Assets, Noncurrent 1,125 1,054
Investments 6 6
Goodwill 2,625 2,625
Receivable from affiliate, noncurrent 2,464 2,528
Prepaid pension asset 1,177 1,188
Other 259 238
Total deferred debits and other assets 7,656 7,639
Total assets 30,002 29,726
Current Liabilities    
Short-term borrowings 317 0
Long-term debt due within one year 440 840
Accounts payable 491 568
Accrued expenses 198 327
Payable to affiliates, current 70 74
Regulatory Liability, Current 212 249
Mark-to-market derivative liabilities 24 21
Customer deposits 111 112
Other 82 103
Total current liabilities 1,945 2,294
Long-term debt 7,254 6,761
Long-term debt to financing trust 205 205
Deferred credits and other liabilities    
Deferred Income Taxes and Other Tax Liabilities, Noncurrent 3,539 3,469
Asset Retirement Obligations, Noncurrent 111 111
Non-pension postretirement benefit obligations 215 219
Regulatory Liability, Noncurrent 6,212 6,328
Mark-to-market derivative liabilities, noncurrent 243 235
Other 572 562
Total deferred credits and other liabilities 10,892 10,924
Total liabilities 20,296 20,184
Stockholders' Equity Attributable to Parent    
Common stock 1,588 1,588
Other paid-in capital 6,935 6,822
Retained Earnings, Unappropriated (1,639) (1,639)
Retained Earnings, Appropriated 2,822 2,771
Total shareholders’ equity 9,706 9,542
Member’s equity    
Total liabilities and shareholders’ equity 30,002 29,726
PECO Energy Co [Member]    
Current Assets    
Cash and cash equivalents 21 271
Restricted cash and cash equivalents 5 4
Accounts receivable, net    
Customer 349 327
Other 117 105
Inventories, net    
Energy Related Inventory, Other Fossil Fuel 16 31
Inventory, Raw Materials and Supplies, Gross 33 30
Regulatory Assets, Current 78 29
Prepaid Taxes 97 8
Other 20 17
Total current assets 736 822
Property, plant and equipment, net 8,176 8,053
Deferred debits and other assets    
Regulatory Assets, Noncurrent 408 381
Investments 25 25
Receivable from affiliate, noncurrent 505 537
Prepaid pension asset 359 340
Other 9 12
Total deferred debits and other assets 1,306 1,295
Total assets 10,218 10,170
Current Liabilities    
Short-term borrowings 220 0
Long-term debt due within one year 0 500
Accounts payable 379 370
Accrued expenses 91 114
Payable to affiliates, current 59 53
Borrowings from Exelon intercompany money pool 194 0
Regulatory Liability, Current 117 141
Customer deposits 66 66
Other 29 23
Total current liabilities 1,155 1,267
Long-term debt 2,723 2,403
Long-term debt to financing trust 184 184
Deferred credits and other liabilities    
Deferred Income Taxes and Other Tax Liabilities, Noncurrent 1,824 1,789
Asset Retirement Obligations, Noncurrent 27 27
Non-pension postretirement benefit obligations 288 288
Regulatory Liability, Noncurrent 529 549
Other 85 86
Total deferred credits and other liabilities 2,753 2,739
Total liabilities 6,815 6,593
Stockholders' Equity Attributable to Parent    
Common stock 2,489 2,489
Retained Earnings 914 1,087
Accumulated other comprehensive loss, net 0 1
Total shareholders’ equity 3,403 3,577
Member’s equity    
Total liabilities and shareholders’ equity 10,218 10,170
Baltimore Gas and Electric Company [Member]    
Current Assets    
Cash and cash equivalents 22 17
Restricted cash and cash equivalents 2 1
Accounts receivable, net    
Customer 394 375
Other 91 94
Receivable from affiliates, current 0 1
Inventories, net    
Energy Related Inventory, Natural Gas in Storage 12 37
Inventory, Raw Materials and Supplies, Gross 45 40
Regulatory Assets, Current 149 174
Prepaid Taxes 35 69
Other 5 3
Total current assets 755 811
Property, plant and equipment, net 7,725 7,602
Deferred debits and other assets    
Regulatory Assets, Noncurrent 391 397
Investments 5 5
Prepaid pension asset 313 285
Other 6 4
Total deferred debits and other assets 715 691
Total assets 9,195 9,104
Current Liabilities    
Short-term borrowings 45 77
Accounts payable 253 265
Accrued expenses 162 164
Payable to affiliates, current 51 52
Regulatory Liability, Current 102 62
Customer deposits 118 116
Other 26 24
Total current liabilities 757 760
Long-term debt 2,578 2,577
Deferred credits and other liabilities    
Deferred Income Taxes and Other Tax Liabilities, Noncurrent 1,286 1,244
Asset Retirement Obligations, Noncurrent 22 23
Non-pension postretirement benefit obligations 199 202
Regulatory Liability, Noncurrent 1,083 1,101
Other 53 56
Total deferred credits and other liabilities 2,643 2,626
Total liabilities 5,978 5,963
Stockholders' Equity Attributable to Parent    
Common stock 1,605 1,605
Retained Earnings 1,612 1,536
Total shareholders’ equity 3,217 3,141
Member’s equity    
Total liabilities and shareholders’ equity 9,195 9,104
Pepco Holdings LLC [Member]    
Current Assets    
Cash and cash equivalents 43 30
Restricted cash and cash equivalents 40 42
Accounts receivable, net    
Customer 484 486
Other 210 206
Inventories, net    
Energy Related Inventory, Natural Gas in Storage 2 7
Inventory, Raw Materials and Supplies, Gross 152 151
Regulatory Assets, Current 507 554
Other 55 75
Total current assets 1,493 1,551
Property, plant and equipment, net 12,688 12,498
Deferred debits and other assets    
Regulatory Assets, Noncurrent 2,453 2,493
Investments 132 132
Notes, Loans and Financing Receivable, Gross, Noncurrent 4 4
Goodwill 4,005 4,005
Prepaid pension asset 527 490
Deferred income taxes 4 4
Other 69 70
Total deferred debits and other assets 7,194 7,198
Total assets [3] 21,375 21,247
Current Liabilities    
Short-term borrowings 407 350
Long-term debt due within one year 385 396
Accounts payable 469 348
Accrued expenses 246 261
Payable to affiliates, current 100 90
Borrowings from Exelon intercompany money pool 13 0
Regulatory Liability, Current 77 56
Unamortized energy contract liabilities 162 188
Customer deposits 114 119
Merger related obligation 42 42
Other 52 81
Total current liabilities 2,067 1,931
Long-term debt 5,464 5,478
Deferred credits and other liabilities    
Deferred Income Taxes and Other Tax Liabilities, Noncurrent 2,103 2,070
Asset Retirement Obligations, Noncurrent 16 16
Non-pension postretirement benefit obligations 102 105
Regulatory Liability, Noncurrent 1,888 1,872
Unamortized energy contract liabilities 539 561
Other 377 389
Total deferred credits and other liabilities 5,025 5,013
Total liabilities [3] 12,556 12,422
Stockholders' Equity Attributable to Parent    
Retained Earnings (16) (10)
Member’s equity    
Membership Interest 8,835 8,835
Total members' equity 8,819 8,825
Total equity 8,819 8,825
Total liabilities and shareholders’ equity 21,375 21,247
Variable Interest Entity, Consolidated, Liabilities, No Recourse 95 102
Variable Interest Entity, Consolidated, Assets, Not Pledged   41
Potomac Electric Power Company [Member]    
Current Assets    
Cash and cash equivalents 15 5
Restricted cash and cash equivalents 33 35
Accounts receivable, net    
Customer 246 250
Other 87 87
Inventories, net    
Inventories, net 89 87
Regulatory Assets, Current 207 213
Other 19 33
Total current assets 696 710
Property, plant and equipment, net 6,095 6,001
Deferred debits and other assets    
Regulatory Assets, Noncurrent 656 678
Investments 104 102
Prepaid pension asset 323 322
Other 22 19
Total deferred debits and other assets 1,105 1,121
Total assets 7,896 7,832
Current Liabilities    
Short-term borrowings 60 26
Long-term debt due within one year 19 19
Accounts payable 181 139
Accrued expenses 145 137
Payable to affiliates, current 56 74
Regulatory Liability, Current 7 3
Customer deposits 52 54
Merger related obligation 42 42
Current portion of DC PLUG obligation 30 28
Other 8 28
Total current liabilities 600 550
Long-term debt 2,521 2,521
Deferred credits and other liabilities    
Deferred Income Taxes and Other Tax Liabilities, Noncurrent 1,076 1,063
Non-pension postretirement benefit obligations 34 36
Regulatory Liability, Noncurrent 838 829
Other 288 300
Total deferred credits and other liabilities 2,236 2,228
Total liabilities 5,357 5,299
Stockholders' Equity Attributable to Parent    
Common stock 1,470 1,470
Retained Earnings 1,069 1,063
Total shareholders’ equity 2,539 2,533
Member’s equity    
Total liabilities and shareholders’ equity 7,896 7,832
Delmarva Power and Light Company [Member]    
Current Assets    
Cash and cash equivalents 7 2
Restricted cash and cash equivalents 0 0
Accounts receivable, net    
Customer 141 146
Other 43 38
Receivable from affiliates, current 2 0
Inventories, net    
Energy Related Inventory, Natural Gas in Storage 2 7
Inventory, Raw Materials and Supplies, Gross 34 36
Regulatory Assets, Current 63 69
Other 22 27
Total current assets 314 325
Property, plant and equipment, net 3,620 3,579
Deferred debits and other assets    
Regulatory Assets, Noncurrent 242 245
Goodwill 8 8
Prepaid pension asset 192 193
Other 7 7
Total deferred debits and other assets 449 453
Total assets 4,383 4,357
Current Liabilities    
Short-term borrowings 211 216
Long-term debt due within one year 79 83
Accounts payable 106 82
Accrued expenses 43 35
Payable to affiliates, current 32 46
Regulatory Liability, Current 48 42
Customer deposits 34 35
Other 5 8
Total current liabilities 558 547
Long-term debt 1,217 1,217
Deferred credits and other liabilities    
Deferred Income Taxes and Other Tax Liabilities, Noncurrent 618 603
Non-pension postretirement benefit obligations 13 14
Regulatory Liability, Noncurrent 598 593
Other 49 48
Total deferred credits and other liabilities 1,278 1,258
Total liabilities 3,053 3,022
Stockholders' Equity Attributable to Parent    
Common stock 764 764
Retained Earnings 566 571
Total shareholders’ equity 1,330 1,335
Member’s equity    
Total liabilities and shareholders’ equity 4,383 4,357
Atlantic City Electric Company [Member]    
Current Assets    
Cash and cash equivalents 10 2
Restricted cash and cash equivalents 7 6
Accounts receivable, net    
Customer 97 92
Other 51 56
Receivable from affiliates, current 1 0
Inventories, net    
Inventories, net 29 29
Regulatory Assets, Current 64 71
Other 4 2
Total current assets 263 258
Property, plant and equipment, net 2,767 2,706
Deferred debits and other assets    
Regulatory Assets, Noncurrent 377 359
Notes, Loans and Financing Receivable, Gross, Noncurrent 4 4
Prepaid pension asset 76 73
Other 43 45
Total deferred debits and other assets 500 481
Total assets [4] 3,530 3,445
Current Liabilities    
Short-term borrowings 136 108
Long-term debt due within one year 278 281
Accounts payable 166 118
Accrued expenses 41 33
Payable to affiliates, current 26 29
Regulatory Liability, Current 21 11
Customer deposits 28 31
Other 7 8
Total current liabilities 703 619
Long-term debt 836 840
Deferred credits and other liabilities    
Deferred Income Taxes and Other Tax Liabilities, Noncurrent 496 493
Non-pension postretirement benefit obligations 14 14
Regulatory Liability, Noncurrent 416 411
Other 24 25
Total deferred credits and other liabilities 950 943
Total liabilities [4] 2,489 2,402
Stockholders' Equity Attributable to Parent    
Common stock 912 912
Retained Earnings 129 131
Total shareholders’ equity 1,041 1,043
Member’s equity    
Total liabilities and shareholders’ equity 3,530 3,445
Variable Interest Entity, Consolidated, Liabilities, No Recourse 83 90
Variable Interest Entity, Consolidated, Assets, Not Pledged $ 27 $ 29
[1] Exelon’s consolidated assets include $9,727 million and $9,597 million at March 31, 2018 and December 31, 2017, respectively, of certain VIEs that can only be used to settle the liabilities of the VIE. Exelon’s consolidated liabilities include $3,556 million and $3,618 million at March 31, 2018 and December 31, 2017, respectively, of certain VIEs for which the VIE creditors do not have recourse to Exelon. See Note 3 — Variable Interest Entities.
[2] Generation’s consolidated assets include $9,688 million and $9,556 million at March 31, 2018 and December 31, 2017, respectively, of certain VIEs that can only be used to settle the liabilities of the VIE. Generation’s consolidated liabilities include $3,461 million and $3,516 million at March 31, 2018 and December 31, 2017, respectively, of certain VIEs for which the VIE creditors do not have recourse to Generation. See Note 3 — Variable Interest Entities.
[3] PHI’s consolidated total assets include $39 million and $41 million at March 31, 2018 and December 31, 2017, respectively, of PHI's consolidated VIE that can only be used to settle the liabilities of the VIE. PHI’s consolidated total liabilities include $95 million and $102 million at March 31, 2018 and December 31, 2017, respectively, of PHI's consolidated VIE for which the VIE creditors do not have recourse to PHI. See Note 3 — Variable Interest Entities.
[4] ACE’s consolidated total assets include $27 million and $29 million at March 31, 2018 and December 31, 2017, respectively, of ACE's consolidated VIE that can only be used to settle the liabilities of the VIE. ACE’s consolidated total liabilities include $83 million and $90 million at March 31, 2018 and December 31, 2017, respectively, of ACE's consolidated VIE for which the VIE creditors do not have recourse to ACE. See Note 3 — Variable Interest Entities.