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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 694 $ 898
Restricted cash and cash equivalents 206 207
Accounts receivable, net    
Customer 4,094 4,445
Other 1,407 1,132
Mark-to-market derivative assets, current 799 976
Unamortized energy contract assets, current 46 60
Inventories, net    
Energy Related Inventory, Other Fossil Fuel 270 340
Materials and Supplies 1,320 1,311
Regulatory Assets, Current 1,293 1,267
Other 1,360 1,260
Total current assets 11,489 11,896
Property, plant and equipment, net 75,284 74,202
Deferred debits and other assets    
Regulatory Assets, Noncurrent 8,023 8,021
Nuclear decommissioning trust funds 13,110 13,272
Investments 636 640
Goodwill 6,677 6,677
Mark-to-market derivative assets, noncurrent 457 337
Unamortized energy contract assets, noncurrent 379 395
Other 1,194 1,330
Total deferred debits and other assets 30,476 30,672
Total assets [1] 117,249 116,770
Current Liabilities    
Short-term borrowings 1,252 929
Long-term debt due within one year 1,158 2,088
Accounts payable 3,113 3,532
Accrued expenses 1,665 1,837
Payable to affiliates, current 5 5
Regulatory Liability, Current 701 523
Mark-to-market derivative liabilities, current 268 232
Unamortized energy contract liabilities, current 171 231
Renewable energy credit obligation 257 352
PHI merger related obligation 63 87
Other 973 982
Total current liabilities 9,626 10,798
Long-term debt 33,179 32,176
Long-term debt to financing trust 389 389
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 11,484 11,235
Asset Retirement Obligations, Noncurrent 10,222 10,029
Pension obligations 3,412 3,736
Non-pension postretirement benefit obligations 2,132 2,093
Spent nuclear fuel obligation 1,157 1,147
Regulatory Liability, Noncurrent 9,677 9,865
Mark-to-market derivative liabilities, noncurrent 507 409
Unamortized energy contract liabilities, noncurrent 538 609
Other 2,087 2,097
Total deferred credits and other liabilities 41,216 41,220
Total liabilities [1] 84,410 84,583
Commitments and contingencies
Stockholders' Equity Attributable to Parent    
Common stock 19,008 18,964
Treasury stock, at cost (2 shares at June 30, 2018 and December 31, 2017) (123) (123)
Retained Earnings 14,551 14,081
Accumulated other comprehensive loss, net (2,921) (3,026)
Total shareholders’ equity 30,515 29,896
Member’s equity    
Noncontrolling Interests 2,324 2,291
Total equity 32,839 32,187
Total liabilities and shareholders’ equity 117,249 116,770
Variable Interest Entity, Consolidated, Assets, Not Pledged 9,612 9,597
Variable Interest Entity, Consolidated, Liabilities, No Recourse 3,544 3,618
Exelon Generation Co L L C [Member]    
Current Assets    
Cash and cash equivalents 420 416
Restricted cash and cash equivalents 130 138
Accounts receivable, net    
Customer 2,435 2,697
Other 276 321
Mark-to-market derivative assets, current 799 976
Receivable from affiliates, current 146 140
Unamortized energy contract assets, current 46 60
Inventories, net    
Energy Related Inventory, Other Fossil Fuel 214 264
Materials and Supplies 953 937
Other 1,148 933
Total current assets 6,567 6,882
Property, plant and equipment, net 24,479 24,906
Deferred debits and other assets    
Nuclear decommissioning trust funds 13,110 13,272
Investments 423 433
Goodwill 47 47
Mark-to-market derivative assets, noncurrent 457 334
Prepaid pension asset 1,522 1,502
Unamortized energy contract assets, noncurrent 378 395
Deferred income taxes 6 16
Other 679 670
Total deferred debits and other assets 16,622 16,669
Total assets [2] 47,668 48,457
Current Liabilities    
Short-term borrowings 0 2
Long-term debt due within one year 321 346
Accounts payable 1,264 1,773
Accrued expenses 976 1,022
Payable to affiliates, current 128 123
Borrowings from Exelon intercompany money pool 0 54
Mark-to-market derivative liabilities, current 245 211
Unamortized energy contract liabilities, current 36 43
Renewable energy credit obligation 257 352
Other 295 265
Total current liabilities 3,522 4,191
Long-term debt 7,661 7,734
Long-term debt to affiliate 904 910
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 3,673 3,811
Asset Retirement Obligations, Noncurrent 10,037 9,844
Non-pension postretirement benefit obligations 907 916
Spent nuclear fuel obligation 1,157 1,147
Payables to affiliates, noncurrent 2,916 3,065
Mark-to-market derivative liabilities, noncurrent 270 174
Unamortized energy contract liabilities, noncurrent 34 48
Other 648 658
Total deferred credits and other liabilities 19,642 19,663
Total liabilities [2] 31,729 32,498
Commitments and contingencies
Stockholders' Equity Attributable to Parent    
Retained Earnings 4,292 4,349
Accumulated other comprehensive loss, net (33) (37)
Member’s equity    
Membership Interest 9,357 9,357
Total members' equity 13,616 13,669
Noncontrolling Interests 2,323 2,290
Total equity 15,939 15,959
Total liabilities and shareholders’ equity 47,668 48,457
Variable Interest Entity, Consolidated, Assets, Not Pledged 9,575 9,556
Variable Interest Entity, Consolidated, Liabilities, No Recourse 3,456 3,516
Commonwealth Edison Co [Member]    
Current Assets    
Cash and cash equivalents 30 76
Restricted cash and cash equivalents 5 5
Accounts receivable, net    
Customer 579 559
Other 376 266
Receivable from affiliates, current 21 13
Inventories, net    
Inventories, net 146 152
Regulatory Assets, Current 237 225
Other 86 68
Total current assets 1,480 1,364
Property, plant and equipment, net 21,323 20,723
Deferred debits and other assets    
Regulatory Assets, Noncurrent 1,134 1,054
Investments 6 6
Goodwill 2,625 2,625
Receivable from affiliate, noncurrent 2,430 2,528
Prepaid pension asset 1,130 1,188
Other 318 238
Total deferred debits and other assets 7,643 7,639
Total assets 30,446 29,726
Current Liabilities    
Short-term borrowings 320 0
Long-term debt due within one year 440 840
Accounts payable 547 568
Accrued expenses 285 327
Payable to affiliates, current 97 74
Regulatory Liability, Current 287 249
Mark-to-market derivative liabilities, current 23 21
Customer deposits 111 112
Other 81 103
Total current liabilities 2,191 2,294
Long-term debt 7,255 6,761
Long-term debt to financing trust 205 205
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 3,597 3,469
Asset Retirement Obligations, Noncurrent 111 111
Non-pension postretirement benefit obligations 210 219
Regulatory Liability, Noncurrent 6,221 6,328
Mark-to-market derivative liabilities, noncurrent 229 235
Other 560 562
Total deferred credits and other liabilities 10,928 10,924
Total liabilities 20,579 20,184
Commitments and contingencies
Stockholders' Equity Attributable to Parent    
Common stock 1,588 1,588
Other paid-in capital 7,047 6,822
Retained Earnings, Unappropriated (1,639) (1,639)
Retained Earnings, Appropriated 2,871 2,771
Total shareholders’ equity 9,867 9,542
Member’s equity    
Total liabilities and shareholders’ equity 30,446 29,726
PECO Energy Co [Member]    
Current Assets    
Cash and cash equivalents 18 271
Restricted cash and cash equivalents 5 4
Accounts receivable, net    
Customer 285 327
Other 178 105
Receivable from affiliates, current 0 0
Inventories, net    
Energy Related Inventory, Other Fossil Fuel 24 31
Materials and Supplies 33 30
Regulatory Assets, Current 75 29
Prepaid Taxes 72 8
Other 25 17
Total current assets 715 822
Property, plant and equipment, net 8,307 8,053
Deferred debits and other assets    
Regulatory Assets, Noncurrent 427 381
Investments 25 25
Receivable from affiliate, noncurrent 485 537
Prepaid pension asset 355 340
Other 31 12
Total deferred debits and other assets 1,323 1,295
Total assets 10,345 10,170
Current Liabilities    
Short-term borrowings 50 0
Long-term debt due within one year 0 500
Accounts payable 349 370
Accrued expenses 118 114
Payable to affiliates, current 48 53
Borrowings from Exelon intercompany money pool 233 0
Regulatory Liability, Current 168 141
Customer deposits 67 66
Other 32 23
Total current liabilities 1,065 1,267
Long-term debt 2,773 2,403
Long-term debt to financing trust 184 184
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 1,854 1,789
Asset Retirement Obligations, Noncurrent 27 27
Non-pension postretirement benefit obligations 288 288
Regulatory Liability, Noncurrent 545 549
Other 74 86
Total deferred credits and other liabilities 2,788 2,739
Total liabilities 6,810 6,593
Commitments and contingencies
Stockholders' Equity Attributable to Parent    
Common stock 2,530 2,489
Retained Earnings 1,005 1,087
Accumulated other comprehensive loss, net 0 1
Total shareholders’ equity 3,535 3,577
Member’s equity    
Total liabilities and shareholders’ equity 10,345 10,170
Baltimore Gas and Electric Company [Member]    
Current Assets    
Cash and cash equivalents 7 17
Restricted cash and cash equivalents 1 1
Accounts receivable, net    
Customer 300 375
Other 89 94
Receivable from affiliates, current 0 1
Inventories, net    
Materials and Supplies 45 40
Energy Related Inventory, Natural Gas in Storage 27 37
Regulatory Assets, Current 185 174
Prepaid Taxes 0 69
Other 4 3
Total current assets 658 811
Property, plant and equipment, net 7,864 7,602
Deferred debits and other assets    
Regulatory Assets, Noncurrent 405 397
Investments 6 5
Prepaid pension asset 302 285
Other 6 4
Total deferred debits and other assets 719 691
Total assets 9,241 9,104
Current Liabilities    
Short-term borrowings 136 77
Accounts payable 249 265
Accrued expenses 95 164
Payable to affiliates, current 48 52
Regulatory Liability, Current 106 62
Customer deposits 120 116
Other 23 24
Total current liabilities 777 760
Long-term debt 2,578 2,577
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 1,306 1,244
Asset Retirement Obligations, Noncurrent 23 23
Non-pension postretirement benefit obligations 199 202
Regulatory Liability, Noncurrent 1,070 1,101
Other 73 56
Total deferred credits and other liabilities 2,671 2,626
Total liabilities 6,026 5,963
Commitments and contingencies
Stockholders' Equity Attributable to Parent    
Common stock 1,605 1,605
Retained Earnings 1,610 1,536
Total shareholders’ equity 3,215 3,141
Member’s equity    
Total liabilities and shareholders’ equity 9,241 9,104
Pepco Holdings LLC [Member]    
Current Assets    
Cash and cash equivalents 195 30
Restricted cash and cash equivalents 38 42
Accounts receivable, net    
Customer 495 486
Other 201 206
Inventories, net    
Materials and Supplies 145 151
Energy Related Inventory, Natural Gas in Storage 5 7
Regulatory Assets, Current 512 554
Other 81 75
Total current assets 1,672 1,551
Property, plant and equipment, net 12,929 12,498
Deferred debits and other assets    
Regulatory Assets, Noncurrent 2,439 2,493
Investments 133 132
Long-term note receivable 0 4
Goodwill 4,005 4,005
Prepaid pension asset 513 490
Deferred income taxes 5 4
Other 70 70
Total deferred debits and other assets 7,165 7,198
Total assets [3] 21,766 21,247
Current Liabilities    
Short-term borrowings 247 350
Long-term debt due within one year 379 396
Accounts payable 514 348
Accrued expenses 220 261
Payable to affiliates, current 94 90
Borrowings from Exelon intercompany money pool 7 0
Regulatory Liability, Current 125 56
Unamortized energy contract liabilities, current 134 188
Customer deposits 111 119
Merger related obligation 38 42
Other 57 81
Total current liabilities 1,926 1,931
Long-term debt 5,737 5,478
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 2,146 2,070
Asset Retirement Obligations, Noncurrent 16 16
Non-pension postretirement benefit obligations 100 105
Regulatory Liability, Noncurrent 1,834 1,872
Unamortized energy contract liabilities, noncurrent 504 561
Other 403 389
Total deferred credits and other liabilities 5,003 5,013
Total liabilities [3] 12,666 12,422
Commitments and contingencies
Stockholders' Equity Attributable to Parent    
Retained Earnings 30 (10)
Member’s equity    
Membership Interest 9,070 8,835
Total members' equity 9,100 8,825
Total equity 9,100 8,825
Total liabilities and shareholders’ equity 21,766 21,247
Variable Interest Entity, Consolidated, Assets, Not Pledged   41
Variable Interest Entity, Consolidated, Liabilities, No Recourse   102
Potomac Electric Power Company [Member]    
Current Assets    
Cash and cash equivalents 47 5
Restricted cash and cash equivalents 33 35
Accounts receivable, net    
Customer 272 250
Other 91 87
Inventories, net    
Inventories, net 85 87
Regulatory Assets, Current 248 213
Other 11 33
Total current assets 787 710
Property, plant and equipment, net 6,207 6,001
Deferred debits and other assets    
Regulatory Assets, Noncurrent 682 678
Investments 105 102
Prepaid pension asset 321 322
Other 21 19
Total deferred debits and other assets 1,129 1,121
Total assets 8,123 7,832
Current Liabilities    
Short-term borrowings 0 26
Long-term debt due within one year 20 19
Accounts payable 245 139
Accrued expenses 137 137
Payable to affiliates, current 63 74
Regulatory Liability, Current 30 3
Customer deposits 51 54
Merger related obligation 38 42
Current portion of DC PLUG obligation 30 28
Other 10 28
Total current liabilities 624 550
Long-term debt 2,611 2,521
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 1,101 1,063
Non-pension postretirement benefit obligations 32 36
Regulatory Liability, Noncurrent 791 829
Other 311 300
Total deferred credits and other liabilities 2,235 2,228
Total liabilities 5,470 5,299
Commitments and contingencies
Stockholders' Equity Attributable to Parent    
Common stock 1,555 1,470
Retained Earnings 1,098 1,063
Total shareholders’ equity 2,653 2,533
Member’s equity    
Total liabilities and shareholders’ equity 8,123 7,832
Delmarva Power and Light Company [Member]    
Current Assets    
Cash and cash equivalents 141 2
Restricted cash and cash equivalents 0 0
Accounts receivable, net    
Customer 119 146
Other 43 38
Receivable from affiliates, current 1 0
Inventories, net    
Materials and Supplies 34 36
Energy Related Inventory, Natural Gas in Storage 5 7
Regulatory Assets, Current 64 69
Other 18 27
Total current assets 425 325
Property, plant and equipment, net 3,689 3,579
Deferred debits and other assets    
Regulatory Assets, Noncurrent 242 245
Goodwill 8 8
Prepaid pension asset 189 193
Other 9 7
Total deferred debits and other assets 448 453
Total assets 4,562 4,357
Current Liabilities    
Short-term borrowings 0 216
Long-term debt due within one year 79 83
Accounts payable 111 82
Accrued expenses 45 35
Payable to affiliates, current 25 46
Regulatory Liability, Current 67 42
Customer deposits 34 35
Other 6 8
Total current liabilities 367 547
Long-term debt 1,415 1,217
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 626 603
Non-pension postretirement benefit obligations 13 14
Regulatory Liability, Noncurrent 588 593
Other 51 48
Total deferred credits and other liabilities 1,278 1,258
Total liabilities 3,060 3,022
Commitments and contingencies
Stockholders' Equity Attributable to Parent    
Common stock 914 764
Retained Earnings 588 571
Total shareholders’ equity 1,502 1,335
Member’s equity    
Total liabilities and shareholders’ equity 4,562 4,357
Atlantic City Electric Company [Member]    
Current Assets    
Cash and cash equivalents 6 2
Restricted cash and cash equivalents 5 6
Accounts receivable, net    
Customer 103 92
Other 50 56
Inventories, net    
Inventories, net 25 29
Regulatory Assets, Current 60 71
Prepaid Taxes 36 0
Other 7 2
Total current assets 292 258
Property, plant and equipment, net 2,831 2,706
Deferred debits and other assets    
Regulatory Assets, Noncurrent 381 359
Long-term note receivable 0 4
Prepaid pension asset 73 73
Other 42 45
Total deferred debits and other assets 496 481
Total assets [4] 3,619 3,445
Current Liabilities    
Short-term borrowings 247 108
Long-term debt due within one year 275 281
Accounts payable 143 118
Accrued expenses 35 33
Payable to affiliates, current 25 29
Regulatory Liability, Current 29 11
Customer deposits 26 31
Other 9 8
Total current liabilities 789 619
Long-term debt 832 840
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 501 493
Non-pension postretirement benefit obligations 14 14
Regulatory Liability, Noncurrent 418 411
Other 26 25
Total deferred credits and other liabilities 959 943
Total liabilities [4] 2,580 2,402
Commitments and contingencies
Stockholders' Equity Attributable to Parent    
Common stock 912 912
Retained Earnings 127 131
Total shareholders’ equity 1,039 1,043
Member’s equity    
Total liabilities and shareholders’ equity 3,619 3,445
Variable Interest Entity, Consolidated, Assets, Not Pledged 25 29
Variable Interest Entity, Consolidated, Liabilities, No Recourse $ 76 $ 90
[1] 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.
[2] 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.
[3] 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.
[4] ACE’s consolidated total assets include $25 million and $29 million at June 30, 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 $76 million and $90 million at June 30, 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 for additional information.