XML 157 R111.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Information - Reconciliation to Consolidated Financial Statements (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
Segment Reporting Information [Line Items]          
Rate-regulated electric revenues   $ 0   $ 0  
Rate-regulated natural gas revenues   0   0  
Revenues $ 8,076 7,665 $ 17,769 16,413  
Operating revenues from affiliates 0 [1] 0 [1] 0 [2] 0 [2]  
Net income (loss) 542 94 1,179 1,066  
Assets [3] 117,249   117,249   $ 116,770
Pepco Holdings LLC [Member]          
Segment Reporting Information [Line Items]          
Rate-regulated electric revenues 1,052 1,032 2,202 2,100  
Rate-regulated natural gas revenues 28 22 106 87  
Revenues 1,076 1,074 2,327 2,248  
Operating revenues from affiliates 3 12 7 23  
Net income (loss) 84 66 149 205  
Assets [4] 21,766   21,766   21,247
Exelon Generation Co L L C [Member]          
Segment Reporting Information [Line Items]          
Rate-regulated electric revenues   0   0  
Rate-regulated natural gas revenues   0   0  
Revenues 4,579 4,216 10,090 9,093  
Operating revenues from affiliates 273 268 671 598  
Net income (loss) 181 (236) 368 164  
Assets [5] 47,668   47,668   48,457
Operating Segments [Member]          
Segment Reporting Information [Line Items]          
Competitive businesses electric revenues 3,669 [6] 3,493 [6] 7,785 [7] 6,875 [7]  
Competitive businesses natural gas revenues 489 [6] 430 [6] 1,436 [7] 1,348 [7]  
Competitive businesses other revenues 147 [6] 27 [6] 196 [7] 277 [7]  
Rate-regulated electric revenues 3,542 [6] 3,511 [6] 7,496 [7] 7,156 [7]  
Rate-regulated natural gas revenues 230 [6] 204 [6] 855 [7] 757 [7]  
Shared service and other revenues (1) [6] 0 [6] 1 [7] 0 [7]  
Revenues 8,076 [6] 7,665 [6] 17,769 [7] 16,413 [7]  
Net income (loss) 542 94 1,179 1,066  
Intersegment Eliminations [Member]          
Segment Reporting Information [Line Items]          
Competitive businesses electric revenues (270) [6] (266) [6] (663) [7] (592) [7]  
Competitive businesses natural gas revenues 0 [6] 0 [6] (8) [7] 0 [7]  
Competitive businesses other revenues (4) [6] 0 [6] (2) [7] (1) [7]  
Rate-regulated electric revenues (9) [6] (7) [6] (27) [7] (16) [7]  
Rate-regulated natural gas revenues (5) [6] (1) [6] (9) [7] (4) [7]  
Shared service and other revenues (491) [6] (461) [6] (946) [7] (893) [7]  
Revenues (779) [6] (735) [6] (1,655) [7] (1,506) [7]  
Operating revenues from affiliates (776) [1] (734) [1] (1,650) [2] (1,503) [2]  
Net income (loss) 0 0 0 0  
Assets (10,655)   (10,655)   (10,552)
Intersegment Eliminations [Member] | Pepco Holdings LLC [Member]          
Segment Reporting Information [Line Items]          
Rate-regulated electric revenues (4) [8] (4) [8] (8) [9] (9) [9]  
Rate-regulated natural gas revenues 0 [8] 0 [8] 0 [9] 0 [9]  
Shared service and other revenues (105) [8] (1) [8] (214) [9] (2) [9]  
Revenues (109) [8] (5) [8] (222) [9] (11) [9]  
Operating revenues from affiliates (109) (5) (222) (9)  
Net income (loss) 3 12 7 23  
Assets (5,251)   (5,251)   (4,987)
Exelon Generation Co L L C [Member] | Operating Segments [Member]          
Segment Reporting Information [Line Items]          
Competitive businesses electric revenues 3,939 [6],[10] 3,759 [6],[10] 8,448 [7],[11] 7,467 [7],[11]  
Competitive businesses natural gas revenues 489 [6],[10] 430 [6],[10] 1,444 [7],[11] 1,348 [7],[11]  
Competitive businesses other revenues 151 [6],[10] 27 [6],[10] 198 [7],[11] 278 [7],[11]  
Rate-regulated electric revenues 0 [6],[10] 0 [6],[10] 0 [7],[11] 0 [7],[11]  
Rate-regulated natural gas revenues 0 [6],[10] 0 [6],[10] 0 [7],[11] 0 [7],[11]  
Shared service and other revenues 0 [6],[10] 0 [6],[10] 0 [7],[11] 0 [7],[11]  
Revenues 4,579 [6],[10] 4,216 [6],[10] 10,090 [7],[11] 9,093 [7],[11]  
Net income (loss) 181 [10] (236) [10] 368 [11] 164 [11]  
Assets [10] 47,668   47,668   48,457
Exelon Generation Co L L C [Member] | Intersegment Eliminations [Member]          
Segment Reporting Information [Line Items]          
Operating revenues from affiliates 273 [1],[10] 266 [1],[10] 672 [2],[11] 594 [2],[11]  
Commonwealth Edison Co [Member] | Operating Segments [Member]          
Segment Reporting Information [Line Items]          
Competitive businesses electric revenues 0 [6] 0 [6] 0 [7] 0 [7]  
Competitive businesses natural gas revenues 0 [6] 0 [6] 0 [7] 0 [7]  
Competitive businesses other revenues 0 [6] 0 [6] 0 [7] 0 [7]  
Rate-regulated electric revenues 1,398 [6] 1,357 [6] 2,910 [7] 2,656 [7]  
Rate-regulated natural gas revenues 0 [6] 0 [6] 0 [7] 0 [7]  
Shared service and other revenues 0 [6] 0 [6] 0 [7] 0 [7]  
Revenues 1,398 [6] 1,357 [6] 2,910 [7] 2,656 [7]  
Net income (loss) 164 118 329 259  
Assets 30,446   30,446   29,726
Commonwealth Edison Co [Member] | Intersegment Eliminations [Member]          
Segment Reporting Information [Line Items]          
Operating revenues from affiliates 5 [1] 3 [1] 19 [2] 9 [2]  
PECO Energy Co [Member] | Operating Segments [Member]          
Segment Reporting Information [Line Items]          
Competitive businesses electric revenues 0 [6] 0 [6] 0 [7] 0 [7]  
Competitive businesses natural gas revenues 0 [6] 0 [6] 0 [7] 0 [7]  
Competitive businesses other revenues 0 [6] 0 [6] 0 [7] 0 [7]  
Rate-regulated electric revenues 560 [6] 550 [6] 1,193 [7] 1,140 [7]  
Rate-regulated natural gas revenues 93 [6] 80 [6] 325 [7] 286 [7]  
Shared service and other revenues 0 [6] 0 [6] 0 [7] 0 [7]  
Revenues 653 [6] 630 [6] 1,518 [7] 1,426 [7]  
Net income (loss) 96 88 210 215  
Assets 10,345   10,345   10,170
PECO Energy Co [Member] | Intersegment Eliminations [Member]          
Segment Reporting Information [Line Items]          
Operating revenues from affiliates 2 [1] 2 [1] 3 [2] 3 [2]  
Baltimore Gas and Electric Company [Member] | Operating Segments [Member]          
Segment Reporting Information [Line Items]          
Competitive businesses electric revenues 0 [6] 0 [6] 0 [7] 0 [7]  
Competitive businesses natural gas revenues 0 [6] 0 [6] 0 [7] 0 [7]  
Competitive businesses other revenues 0 [6] 0 [6] 0 [7] 0 [7]  
Rate-regulated electric revenues 548 [6] 571 [6] 1,206 [7] 1,237 [7]  
Rate-regulated natural gas revenues 114 [6] 103 [6] 433 [7] 388 [7]  
Shared service and other revenues 0 [6] 0 [6] 0 [7] 0 [7]  
Revenues 662 [6] 674 [6] 1,639 [7] 1,625 [7]  
Net income (loss) 51 45 179 169  
Assets 9,241   9,241   9,104
Baltimore Gas and Electric Company [Member] | Intersegment Eliminations [Member]          
Segment Reporting Information [Line Items]          
Operating revenues from affiliates 6 [1] 3 [1] 12 [2] 8 [2]  
Pepco Holdings LLC [Member] | Operating Segments [Member]          
Segment Reporting Information [Line Items]          
Competitive businesses electric revenues 0 [6] 0 [6] 0 [7] 0 [7]  
Competitive businesses natural gas revenues 0 [6] 0 [6] 0 [7] 0 [7]  
Competitive businesses other revenues 0 [6] 0 [6] 0 [7] 0 [7]  
Rate-regulated electric revenues 1,045 [6],[8] 1,040 [6],[8] 2,214 [7],[9] 2,138 [7],[9]  
Rate-regulated natural gas revenues 28 [6],[8] 22 [6],[8] 106 [7],[9] 87 [7],[9]  
Shared service and other revenues 3 [6],[8] 12 [6],[8] 7 [7],[9] 23 [7],[9]  
Revenues 1,076 [6],[8] 1,074 [6],[8] 2,327 [7],[9] 2,248 [7],[9]  
Net income (loss) 84 66 149 205  
Assets 21,766   21,766   21,247
Pepco Holdings LLC [Member] | Intersegment Eliminations [Member]          
Segment Reporting Information [Line Items]          
Operating revenues from affiliates 3 [1] 12 [1] 7 [2] 23 [2]  
Potomac Electric Power Company [Member] | Operating Segments [Member]          
Segment Reporting Information [Line Items]          
Rate-regulated electric revenues 523 [8] 514 [8] 1,080 [9] 1,045 [9]  
Rate-regulated natural gas revenues 0 [8] 0 [8] 0 [9] 0 [9]  
Shared service and other revenues 0 [8] 0 [8] 0 [9] 0 [9]  
Revenues 523 [8] 514 [8] 1,080 [9] 1,045 [9]  
Net income (loss) 54 43 85 101  
Assets 8,123   8,123   7,832
Potomac Electric Power Company [Member] | Intersegment Eliminations [Member]          
Segment Reporting Information [Line Items]          
Operating revenues from affiliates 2 1 3 3  
Delmarva Power and Light Company [Member] | Operating Segments [Member]          
Segment Reporting Information [Line Items]          
Rate-regulated electric revenues 261 [8] 260 [8] 567 [9] 557 [9]  
Rate-regulated natural gas revenues 28 [8] 22 [8] 106 [9] 87 [9]  
Shared service and other revenues 0 [8] 0 [8] 0 [9] 0 [9]  
Revenues 289 [8] 282 [8] 673 [9] 644 [9]  
Net income (loss) 26 19 57 76  
Assets 4,562   4,562   4,357
Delmarva Power and Light Company [Member] | Intersegment Eliminations [Member]          
Segment Reporting Information [Line Items]          
Operating revenues from affiliates 2 2 4 4  
Atlantic City Electric Company [Member] | Operating Segments [Member]          
Segment Reporting Information [Line Items]          
Rate-regulated electric revenues 265 [8] 270 [8] 575 [9] 544 [9]  
Rate-regulated natural gas revenues 0 [8] 0 [8] 0 [9] 0 [9]  
Shared service and other revenues 0 [8] 0 [8] 0 [9] 0 [9]  
Revenues 265 [8] 270 [8] 575 [9] 544 [9]  
Net income (loss) 8 8 15 36  
Assets 3,619   3,619   3,445
Atlantic City Electric Company [Member] | Intersegment Eliminations [Member]          
Segment Reporting Information [Line Items]          
Operating revenues from affiliates 1 1 2 1  
Corporate and Other [Member] | Corporate, Non-Segment [Member]          
Segment Reporting Information [Line Items]          
Competitive businesses electric revenues 0 [6],[12] 0 [6],[12] 0 [7],[13] 0 [7],[13]  
Competitive businesses natural gas revenues 0 [6],[12] 0 [6],[12] 0 [7],[13] 0 [7],[13]  
Competitive businesses other revenues 0 [6],[12] 0 [6],[12] 0 [7],[13] 0 [7],[13]  
Rate-regulated electric revenues 0 [10],[12] 0 [6],[12] 0 [7],[13] 1 [7],[13]  
Rate-regulated natural gas revenues 0 [6],[12] 0 [6],[12] 0 [7],[13] 0 [7],[13]  
Shared service and other revenues 487 [6],[12] 449 [6],[12] 940 [7],[13] 870 [7],[13]  
Revenues 487 [6],[12] 449 [6],[12] 940 [7],[13] 871 [7],[13]  
Net income (loss) (34) [12] 13 [12] (56) [13] 54 [13]  
Assets [12] 8,438   8,438   8,618
Corporate and Other [Member] | Corporate, Non-Segment [Member] | Pepco Holdings LLC [Member]          
Segment Reporting Information [Line Items]          
Rate-regulated electric revenues 0 [8],[14] 0 [8],[14] 0 [9],[15] 1 [9],[15]  
Rate-regulated natural gas revenues 0 [8],[14] 0 [8],[14] 0 [9],[15] 0 [9],[15]  
Shared service and other revenues 108 [8],[14] 13 [8],[14] 221 [9],[15] 25 [9],[15]  
Revenues 108 [8],[14] 13 [8],[14] 221 [9],[15] 26 [9],[15]  
Net income (loss) (7) [14] (16) [14] (15) [15] (31) [15]  
Assets [14] 10,713   10,713   $ 10,600
Corporate and Other [Member] | Intersegment Eliminations [Member]          
Segment Reporting Information [Line Items]          
Operating revenues from affiliates 487 [1],[12] 448 [1],[12] 937 [2],[13] 866 [2],[13]  
Corporate and Other [Member] | Intersegment Eliminations [Member] | Pepco Holdings LLC [Member]          
Segment Reporting Information [Line Items]          
Operating revenues from affiliates 107 [14] 13 [14] 220 [15] 24 [15]  
Generation Mid Atlantic [Member]          
Segment Reporting Information [Line Items]          
Revenues 1,282 1,365 2,722 2,790  
Generation Mid Atlantic [Member] | PECO Energy Co Affiliate [Member] | Exelon Generation Co L L C [Member]          
Segment Reporting Information [Line Items]          
Operating revenues from affiliates 25 34 61 79  
Generation Mid Atlantic [Member] | Baltimore Gas And Electric Company Affiliate [Member] | Exelon Generation Co L L C [Member]          
Segment Reporting Information [Line Items]          
Operating revenues from affiliates 63 99 128 233  
Generation Mid Atlantic [Member] | PotomacElectricPowerCompanyAffiliate [Member] | Exelon Generation Co L L C [Member]          
Segment Reporting Information [Line Items]          
Operating revenues from affiliates 46 68 98 152  
Generation Mid Atlantic [Member] | DelmarvaPowerandLightCompanyAffiliate [Member] | Exelon Generation Co L L C [Member]          
Segment Reporting Information [Line Items]          
Operating revenues from affiliates 30 40 76 91  
Generation Mid Atlantic [Member] | AtlanticCityElectricCompanyAffiliate [Member] | Exelon Generation Co L L C [Member]          
Segment Reporting Information [Line Items]          
Operating revenues from affiliates 6 7 12 16  
Generation Mid Atlantic [Member] | Operating Segments [Member]          
Segment Reporting Information [Line Items]          
Revenues 1,278 [16] 1,356 [16] 2,712 [17] 2,785 [17]  
Generation Mid Atlantic [Member] | Intersegment Eliminations [Member]          
Segment Reporting Information [Line Items]          
Operating revenues from affiliates 4 9 10 5  
Generation Midwest [Member]          
Segment Reporting Information [Line Items]          
Revenues 1,130 1,050 2,475 2,102  
Generation Midwest [Member] | Commonwealth Edison Co Affiliate [Member] | Exelon Generation Co L L C [Member]          
Segment Reporting Information [Line Items]          
Operating revenues from affiliates 103 18 297 23  
Generation Midwest [Member] | Operating Segments [Member]          
Segment Reporting Information [Line Items]          
Revenues 1,135 [16] 1,058 [16] 2,479 [17] 2,107 [17]  
Generation Midwest [Member] | Intersegment Eliminations [Member]          
Segment Reporting Information [Line Items]          
Operating revenues from affiliates $ (5) $ (8) $ (4) $ (5)  
[1] Intersegment revenues exclude sales to unconsolidated affiliates. The intersegment profit associated with Generation’s sale of certain products and services by and between Exelon’s segments is not eliminated in consolidation due to the recognition of intersegment profit in accordance with regulatory accounting guidance. For Exelon, these amounts are included in Operating revenues in the Consolidated Statements of Operations and Comprehensive Income.
[2] Intersegment revenues exclude sales to unconsolidated affiliates. The intersegment profit associated with Generation’s sale of certain products and services by and between Exelon’s segments is not eliminated in consolidation due to the recognition of intersegment profit in accordance with regulatory accounting guidance. For Exelon, these amounts are included in Operating revenues in the Consolidated Statements of Operations and Comprehensive Income.
[3] Exelon’s consolidated assets include $9,612 million and $9,597 million at June 30, 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 $3,544 million and $3,618 million at June 30, 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 for additional information.
[4] PHI’s consolidated total assets include $37 million and $41 million at June 30, 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 $88 million and $102 million at June 30, 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 for additional information.
[5] Generation’s consolidated assets include $9,575 million and $9,556 million at June 30, 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 $3,456 million and $3,516 million at June 30, 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 for additional information.
[6] Includes gross utility tax receipts from customers. The offsetting remittance of utility taxes to the governing bodies is recorded in expenses on the Registrants’ Consolidated Statements of Operations and Comprehensive Income. See Note 18 — Supplemental Financial Information for total utility taxes for the three months ended June 30, 2018 and 2017.
[7] Includes gross utility tax receipts from customers. The offsetting remittance of utility taxes to the governing bodies is recorded in expenses on the Registrants’ Consolidated Statements of Operations and Comprehensive Income. See Note 18 — Supplemental Financial Information for total utility taxes for the six months ended June 30, 2018 and 2017.
[8] Includes gross utility tax receipts from customers. The offsetting remittance of utility taxes to the governing bodies is recorded in expenses on the Registrants’ Consolidated Statements of Operations and Comprehensive Income. See Note 18 — Supplemental Financial Information for total utility taxes for the three months ended June 30, 2018 and 2017.
[9] Includes gross utility tax receipts from customers. The offsetting remittance of utility taxes to the governing bodies is recorded in expenses on the Registrants’ Consolidated Statements of Operations and Comprehensive Income. See Note 18 — Supplemental Financial Information for total utility taxes for the six months ended June 30, 2018 and 2017.
[10] Generation includes the six reportable segments shown below: Mid-Atlantic, Midwest, New England, New York, ERCOT and Other Power Regions. Intersegment revenues for Generation for the three months ended June 30, 2018 include revenue from sales to PECO of $25 million, sales to BGE of $63 million, sales to Pepco of $46 million, sales to DPL of $30 million and sales to ACE of $6 million in the Mid-Atlantic region, and sales to ComEd of $103 million in the Midwest region, which eliminate upon consolidation. For the three months ended June 30, 2017, intersegment revenues for Generation include revenue from sales to PECO of $34 million, sales to BGE of $99 million, sales to Pepco of $68 million, sales to DPL of $40 million and sales to ACE of $7 million in the Mid-Atlantic region, and sales to ComEd of $18 million in the Midwest region, which eliminate upon consolidation.
[11] Generation includes the six reportable segments shown below: Mid-Atlantic, Midwest, New England, New York, ERCOT and Other Power Regions. Intersegment revenues for Generation for the six months ended June 30, 2018 include revenue from sales to PECO of $61 million, sales to BGE of $128 million, sales to Pepco of $98 million, sales to DPL of $76 million and sales to ACE of $12 million in the Mid-Atlantic region, and sales to ComEd of $297 million in the Midwest region, which eliminate upon consolidation. For the six months ended June 30, 2017, intersegment revenues for Generation include revenue from sales to PECO of $79 million, sales to BGE of $233 million, sales to Pepco of $152 million, sales to DPL of $91 million and sales to ACE of $16 million in the Mid-Atlantic region, and sales to ComEd of $23 million in the Midwest region, which eliminate upon consolidation.
[12] Other primarily includes Exelon’s corporate operations, shared service entities and other financing and investment activities.
[13] Other primarily includes Exelon’s corporate operations, shared service entities and other financing and investment activities.
[14] Other primarily includes PHI’s corporate operations, shared service entities and other financing and investment activities.
[15] Other primarily includes PHI’s corporate operations, shared service entities and other financing and investment activities
[16] Includes all wholesale and retail electric sales to third parties and affiliated sales to the Utility Registrants.
[17] Includes all wholesale and retail electric sales to third parties and affiliated sales to the Utility Registrants.