XML 130 R84.htm IDEA: XBRL DOCUMENT v3.10.0.1
Income Taxes - Narrative (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
[1]
Jun. 30, 2018
Jun. 30, 2017
[1]
Dec. 31, 2017
Jul. 27, 2018
Dec. 31, 2009
Income Tax Additional Narrative Information [Line Items]              
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 21.00% 35.00% [2] 21.00% 35.00% [2] 35.00%    
Allowable Expensing For Cost Of Qualified Property     30.00%        
Limitation on Deductible Interest Expense     100.00%        
Bonus Depreciation Percentage     50.00%        
Net Regulatory Liabilities $ 10,378   $ 10,378   $ 10,388    
Decrease in Unrecognized Tax Benefits is Reasonably Possible 681   681        
Unrecognized tax benefits that if recognized would affect the effective tax rate 444   444        
Increase (Decrease) in Other Deferred Liability 16            
Like kind exchange [Member]              
Income Tax Additional Narrative Information [Line Items]              
Decrease in Unrecognized Tax Benefits is Reasonably Possible $ 33   33        
Deferred Gain on Sale of Property             $ 1,200
IRS asserted penalties for understatement of tax     $ 90        
Exelon Generation Co L L C [Member]              
Income Tax Additional Narrative Information [Line Items]              
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 21.00% 35.00% [3] 21.00% 35.00%      
Decrease in Unrecognized Tax Benefits is Reasonably Possible $ 458   $ 458        
Unrecognized tax benefits that if recognized would affect the effective tax rate 444   $ 444        
Increase (Decrease) in Other Deferred Liability $ 5            
Commonwealth Edison Co [Member]              
Income Tax Additional Narrative Information [Line Items]              
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 21.00% 35.00% 21.00% 35.00%      
Net Regulatory Liabilities $ 6,508   $ 6,508   6,577    
Commonwealth Edison Co [Member] | Like kind exchange [Member]              
Income Tax Additional Narrative Information [Line Items]              
Decrease in Unrecognized Tax Benefits is Reasonably Possible $ 2   $ 2        
PECO Energy Co [Member]              
Income Tax Additional Narrative Information [Line Items]              
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 21.00% 35.00% 21.00% 35.00%      
Net Regulatory Liabilities $ 713   $ 713   690    
Baltimore Gas and Electric Company [Member]              
Income Tax Additional Narrative Information [Line Items]              
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 21.00% 35.00% 21.00% 35.00%      
Net Regulatory Liabilities $ 1,176   $ 1,176   1,163    
Decrease in Unrecognized Tax Benefits is Reasonably Possible $ 120   $ 120        
Pepco Holdings LLC [Member]              
Income Tax Additional Narrative Information [Line Items]              
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 21.00% 35.00% 21.00% 35.00%      
Net Regulatory Liabilities $ 1,959   $ 1,959   1,928    
Decrease in Unrecognized Tax Benefits is Reasonably Possible 103   $ 103        
Increase (Decrease) in Other Deferred Liability $ 17            
Potomac Electric Power Company [Member]              
Income Tax Additional Narrative Information [Line Items]              
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 21.00% 35.00% 21.00% 35.00%      
Net Regulatory Liabilities $ 821   $ 821   832    
Decrease in Unrecognized Tax Benefits is Reasonably Possible 68   $ 68        
Increase (Decrease) in Other Deferred Liability $ 16            
Delmarva Power and Light Company [Member]              
Income Tax Additional Narrative Information [Line Items]              
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 21.00% 35.00% 21.00% 35.00%      
Net Regulatory Liabilities $ 655   $ 655   635    
Decrease in Unrecognized Tax Benefits is Reasonably Possible 21   $ 21        
Increase (Decrease) in Other Deferred Liability $ 1            
Atlantic City Electric Company [Member]              
Income Tax Additional Narrative Information [Line Items]              
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 21.00% 35.00% 21.00% 35.00%      
Net Regulatory Liabilities $ 447   $ 447   422    
Decrease in Unrecognized Tax Benefits is Reasonably Possible $ 14   $ 14        
Remeasurement Of Deferred Income Taxes Due To Tax Reform              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities [4]         7,315    
Increase (Decrease) in Other Deferred Liability [5]         8,624    
Remeasurement Of Deferred Income Taxes Due To Tax Reform | Exelon Generation Co L L C [Member]              
Income Tax Additional Narrative Information [Line Items]              
Increase (Decrease) in Other Deferred Liability         1,895    
Remeasurement Of Deferred Income Taxes Due To Tax Reform | Commonwealth Edison Co [Member]              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities [4]         2,818    
Increase (Decrease) in Other Deferred Liability         2,819    
Remeasurement Of Deferred Income Taxes Due To Tax Reform | PECO Energy Co [Member]              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities [4],[6]         1,394    
Increase (Decrease) in Other Deferred Liability         1,407    
Remeasurement Of Deferred Income Taxes Due To Tax Reform | Baltimore Gas and Electric Company [Member]              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities [4]         1,124    
Increase (Decrease) in Other Deferred Liability         1,120    
Remeasurement Of Deferred Income Taxes Due To Tax Reform | Pepco Holdings LLC [Member]              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities [4]         1,979    
Increase (Decrease) in Other Deferred Liability         1,944    
Remeasurement Of Deferred Income Taxes Due To Tax Reform | Potomac Electric Power Company [Member]              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities [4]         976    
Increase (Decrease) in Other Deferred Liability         968    
Remeasurement Of Deferred Income Taxes Due To Tax Reform | Delmarva Power and Light Company [Member]              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities [4]         545    
Increase (Decrease) in Other Deferred Liability         540    
Remeasurement Of Deferred Income Taxes Due To Tax Reform | Atlantic City Electric Company [Member]              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities [4]         458    
Increase (Decrease) in Other Deferred Liability         456    
Net Regulatory Liabilities Associated With Ultimate Settlement To Customers Subject To IRS Normalization Rules              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities         3,040    
Net Regulatory Liabilities Associated With Ultimate Settlement To Customers Subject To IRS Normalization Rules | Commonwealth Edison Co [Member]              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities         1,400    
Net Regulatory Liabilities Associated With Ultimate Settlement To Customers Subject To IRS Normalization Rules | PECO Energy Co [Member]              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities [7]         533    
Net Regulatory Liabilities Associated With Ultimate Settlement To Customers Subject To IRS Normalization Rules | Baltimore Gas and Electric Company [Member]              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities         459    
Net Regulatory Liabilities Associated With Ultimate Settlement To Customers Subject To IRS Normalization Rules | Pepco Holdings LLC [Member]              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities         648    
Net Regulatory Liabilities Associated With Ultimate Settlement To Customers Subject To IRS Normalization Rules | Potomac Electric Power Company [Member]              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities         299    
Net Regulatory Liabilities Associated With Ultimate Settlement To Customers Subject To IRS Normalization Rules | Delmarva Power and Light Company [Member]              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities         195    
Net Regulatory Liabilities Associated With Ultimate Settlement To Customers Subject To IRS Normalization Rules | Atlantic City Electric Company [Member]              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities         153    
Net Regulatory Liabilities Associated With Ultimate Settlement To Customers Subject To Rate Regulator Determinations              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities         1,694    
Net Regulatory Liabilities Associated With Ultimate Settlement To Customers Subject To Rate Regulator Determinations | Commonwealth Edison Co [Member]              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities         573    
Net Regulatory Liabilities Associated With Ultimate Settlement To Customers Subject To Rate Regulator Determinations | PECO Energy Co [Member]              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities [7]         43    
Net Regulatory Liabilities Associated With Ultimate Settlement To Customers Subject To Rate Regulator Determinations | Baltimore Gas and Electric Company [Member]              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities         324    
Net Regulatory Liabilities Associated With Ultimate Settlement To Customers Subject To Rate Regulator Determinations | Pepco Holdings LLC [Member]              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities         754    
Net Regulatory Liabilities Associated With Ultimate Settlement To Customers Subject To Rate Regulator Determinations | Potomac Electric Power Company [Member]              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities         391    
Net Regulatory Liabilities Associated With Ultimate Settlement To Customers Subject To Rate Regulator Determinations | Delmarva Power and Light Company [Member]              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities         194    
Net Regulatory Liabilities Associated With Ultimate Settlement To Customers Subject To Rate Regulator Determinations | Atlantic City Electric Company [Member]              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities         170    
Net Regulatory Liabilities Associated With Ultimate Settlement To Customers              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities         4,734    
Net Regulatory Liabilities Associated With Ultimate Settlement To Customers | Commonwealth Edison Co [Member]              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities         1,973    
Net Regulatory Liabilities Associated With Ultimate Settlement To Customers | PECO Energy Co [Member]              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities [7]         576    
Net Regulatory Liabilities Associated With Ultimate Settlement To Customers | Baltimore Gas and Electric Company [Member]              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities         783    
Net Regulatory Liabilities Associated With Ultimate Settlement To Customers | Pepco Holdings LLC [Member]              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities         1,402    
Net Regulatory Liabilities Associated With Ultimate Settlement To Customers | Potomac Electric Power Company [Member]              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities         690    
Net Regulatory Liabilities Associated With Ultimate Settlement To Customers | Delmarva Power and Light Company [Member]              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities         389    
Net Regulatory Liabilities Associated With Ultimate Settlement To Customers | Atlantic City Electric Company [Member]              
Income Tax Additional Narrative Information [Line Items]              
Net Regulatory Liabilities         $ 323    
Subsequent Event [Member]              
Income Tax Additional Narrative Information [Line Items]              
Unrecognized tax benefits that if recognized would affect the effective tax rate           $ 25  
Increase in Unrecognized Tax Benefits is Reasonably Possible           $ 75  
[1] Exelon retrospectively adopted the new standard Revenue from Contracts with Customers. The standard was adopted as of January 1, 2018. The effective income tax rates are recast to reflect the impact of the new standard.
[2] The effective tax rate for the three months ended June 30, 2017 is disproportionately impacted due to the decline in consolidated pre-tax GAAP earnings as compared to the federal and state tax impacts of the Like-kind exchange, tax credits, Plant basis differences, and Qualified nuclear decommissioning trust fund income.
[3] Generation recognized a loss before income taxes for the three months ended June 30, 2017. As a result, positive percentages represent an income tax benefit for the period presented.
[4] Reflects the net regulatory liabilities recorded on a pre-tax basis before taking into consideration the income tax benefits associated with the ultimate settlement with customers.
[5] Amounts do not sum across due to deferred tax adjustments recorded at the Exelon Corporation parent company, primarily related to certain employee compensation plans.
[6] Given the regulatory treatment of income tax benefits related to electric and gas distribution repairs, PECO was in an overall net regulatory asset position as of December 31, 2017 after recording the impacts related to the TCJA. See Note 6 - Regulatory Matters for additional information.
[7] Given the regulatory treatment of income tax benefits related to electric and gas distribution repairs, PECO remains in an overall net regulatory asset position as of December 31, 2017 after recording the impacts related to the TCJA. As a result, the amount of customer benefits resulting from the TCJA subject to the discretion of PECO's rate regulators are lower relative to the other Utility Registrants. See Note 6 - Regulatory Matters for additional information.