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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 1,918 $ 898
Restricted cash and cash equivalents 240 207
Accounts receivable, net    
Customer 4,239 4,445
Other 1,246 1,132
Mark-to-market derivative assets, current 696 976
Unamortized energy contract assets, current 42 60
Inventories, net    
Energy Related Inventory, Other Fossil Fuel 349 340
Materials and Supplies 1,316 1,311
Regulatory Assets, Current 1,340 1,267
Assets Held for Sale 910 0
Other 1,177 1,260
Total current assets 13,473 11,896
Property, plant and equipment, net 75,840 74,202
Deferred debits and other assets    
Regulatory Assets, Noncurrent 8,002 8,021
Nuclear decommissioning trust funds 12,464 13,272
Investments 649 640
Goodwill 6,677 6,677
Mark-to-market derivative assets, noncurrent 449 337
Unamortized energy contract assets, noncurrent 371 395
Other 1,560 1,330
Total deferred debits and other assets 30,172 30,672
Total assets [1] 119,485 116,770
Current Liabilities    
Short-term borrowings 834 929
Long-term debt due within one year 771 2,088
Accounts payable 3,348 3,532
Accrued expenses 1,964 1,837
Payable to affiliates, current 5 5
Regulatory Liability, Current 689 523
Mark-to-market derivative liabilities, current 329 232
Unamortized energy contract liabilities, current 158 231
Renewable energy credit obligation 256 352
PHI merger related obligation 63 87
Liabilities Held for Sale 788 0
Other 935 982
Total current liabilities 10,140 10,798
Long-term debt 34,519 32,176
Long-term debt to financing trust 390 389
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 11,702 11,235
Asset Retirement Obligations, Noncurrent 9,747 10,029
Pension obligations 3,385 3,736
Non-pension postretirement benefit obligations 2,155 2,093
Spent nuclear fuel obligation 1,164 1,147
Regulatory Liability, Noncurrent 9,756 9,865
Mark-to-market derivative liabilities, noncurrent 482 409
Unamortized energy contract liabilities, noncurrent 497 609
Other 2,160 2,097
Total deferred credits and other liabilities 41,048 41,220
Total liabilities [1] 86,097 84,583
Commitments and contingencies
Stockholders' Equity Attributable to Parent    
Common stock 19,063 18,964
Treasury stock, at cost (2 shares at September 30, 2018 and December 31, 2017) (123) (123)
Retained Earnings 14,949 14,081
Accumulated other comprehensive loss, net (2,869) (3,026)
Total shareholders’ equity 31,020 29,896
Member’s equity    
Noncontrolling Interests 2,368 2,291
Total equity 33,388 32,187
Total liabilities and shareholders’ equity 119,485 116,770
Variable Interest Entity, Consolidated, Assets, Not Pledged 9,804 9,597
Variable Interest Entity, Consolidated, Liabilities, No Recourse 3,606 3,618
Exelon Generation Co L L C [Member]    
Current Assets    
Cash and cash equivalents 1,187 416
Restricted cash and cash equivalents 152 138
Accounts receivable, net    
Customer 2,545 2,697
Other 278 321
Mark-to-market derivative assets, current 696 976
Receivable from affiliates, current 182 140
Unamortized energy contract assets, current 42 60
Inventories, net    
Energy Related Inventory, Other Fossil Fuel 255 264
Materials and Supplies 948 937
Assets Held for Sale 910 0
Other 854 933
Total current assets 8,049 6,882
Property, plant and equipment, net 24,168 24,906
Deferred debits and other assets    
Nuclear decommissioning trust funds 12,464 13,272
Investments 433 433
Goodwill 47 47
Mark-to-market derivative assets, noncurrent 449 334
Prepaid pension asset 1,472 1,502
Unamortized energy contract assets, noncurrent 370 395
Deferred income taxes 25 16
Other 730 670
Total deferred debits and other assets 15,990 16,669
Total assets [2] 48,207 48,457
Current Liabilities    
Short-term borrowings 0 2
Long-term debt due within one year 336 346
Accounts payable 1,450 1,773
Accrued expenses 1,200 1,022
Payable to affiliates, current 144 123
Borrowings from Exelon intercompany money pool 0 54
Mark-to-market derivative liabilities, current 305 211
Unamortized energy contract liabilities, current 33 43
Renewable energy credit obligation 256 352
Liabilities Held for Sale 788 0
Other 255 265
Total current liabilities 4,767 4,191
Long-term debt 7,605 7,734
Long-term debt to affiliate 901 910
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 3,532 3,811
Asset Retirement Obligations, Noncurrent 9,521 9,844
Non-pension postretirement benefit obligations 903 916
Spent nuclear fuel obligation 1,164 1,147
Payables to affiliates, noncurrent 2,959 3,065
Mark-to-market derivative liabilities, noncurrent 237 174
Unamortized energy contract liabilities, noncurrent 23 48
Other 635 658
Total deferred credits and other liabilities 18,974 19,663
Total liabilities [2] 32,247 32,498
Commitments and contingencies
Stockholders' Equity Attributable to Parent    
Retained Earnings 4,214 4,349
Accumulated other comprehensive loss, net (31) (37)
Member’s equity    
Membership Interest 9,411 9,357
Total members' equity 13,594 13,669
Noncontrolling Interests 2,366 2,290
Total equity 15,960 15,959
Total liabilities and shareholders’ equity 48,207 48,457
Variable Interest Entity, Consolidated, Assets, Not Pledged 9,768 9,556
Variable Interest Entity, Consolidated, Liabilities, No Recourse 3,528 3,516
Commonwealth Edison Co [Member]    
Current Assets    
Cash and cash equivalents 124 76
Restricted cash and cash equivalents 12 5
Accounts receivable, net    
Customer 590 559
Other 450 266
Receivable from affiliates, current 13 13
Inventories, net    
Inventories, net 146 152
Regulatory Assets, Current 256 225
Other 94 68
Total current assets 1,685 1,364
Property, plant and equipment, net 21,642 20,723
Deferred debits and other assets    
Regulatory Assets, Noncurrent 1,229 1,054
Investments 6 6
Goodwill 2,625 2,625
Receivable from affiliate, noncurrent 2,469 2,528
Prepaid pension asset 1,083 1,188
Other 380 238
Total deferred debits and other assets 7,792 7,639
Total assets 31,119 29,726
Current Liabilities    
Long-term debt due within one year 300 840
Accounts payable 576 568
Accrued expenses 253 327
Payable to affiliates, current 82 74
Regulatory Liability, Current 320 249
Mark-to-market derivative liabilities, current 24 21
Customer deposits 111 112
Other 90 103
Total current liabilities 1,756 2,294
Long-term debt 7,800 6,761
Long-term debt to financing trust 205 205
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 3,744 3,469
Asset Retirement Obligations, Noncurrent 115 111
Non-pension postretirement benefit obligations 206 219
Regulatory Liability, Noncurrent 6,318 6,328
Mark-to-market derivative liabilities, noncurrent 235 235
Other 633 562
Total deferred credits and other liabilities 11,251 10,924
Total liabilities 21,012 20,184
Commitments and contingencies
Stockholders' Equity Attributable to Parent    
Common stock 1,588 1,588
Other paid-in capital 7,209 6,822
Retained Earnings, Unappropriated (1,639) (1,639)
Retained Earnings, Appropriated 2,949 2,771
Total shareholders’ equity 10,107 9,542
Member’s equity    
Total liabilities and shareholders’ equity 31,119 29,726
PECO Energy Co [Member]    
Current Assets    
Cash and cash equivalents 102 271
Restricted cash and cash equivalents 5 4
Accounts receivable, net    
Customer 307 327
Other 190 105
Inventories, net    
Energy Related Inventory, Other Fossil Fuel 39 31
Materials and Supplies 35 30
Regulatory Assets, Current 84 29
Prepaid Taxes 32 8
Other 19 17
Total current assets 813 822
Property, plant and equipment, net 8,461 8,053
Deferred debits and other assets    
Regulatory Assets, Noncurrent 448 381
Investments 26 25
Receivable from affiliate, noncurrent 489 537
Prepaid pension asset 350 340
Other 34 12
Total deferred debits and other assets 1,347 1,295
Total assets 10,621 10,170
Current Liabilities    
Long-term debt due within one year 0 500
Accounts payable 387 370
Accrued expenses 89 114
Payable to affiliates, current 53 53
Regulatory Liability, Current 159 141
Customer deposits 67 66
Other 31 23
Total current liabilities 786 1,267
Long-term debt 3,083 2,403
Long-term debt to financing trust 184 184
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 1,909 1,789
Asset Retirement Obligations, Noncurrent 27 27
Non-pension postretirement benefit obligations 288 288
Regulatory Liability, Noncurrent 581 549
Other 79 86
Total deferred credits and other liabilities 2,884 2,739
Total liabilities 6,937 6,593
Commitments and contingencies
Stockholders' Equity Attributable to Parent    
Common stock 2,560 2,489
Retained Earnings 1,124 1,087
Accumulated other comprehensive loss, net 0 1
Total shareholders’ equity 3,684 3,577
Member’s equity    
Total liabilities and shareholders’ equity 10,621 10,170
Baltimore Gas and Electric Company [Member]    
Current Assets    
Cash and cash equivalents 113 17
Restricted cash and cash equivalents 3 1
Accounts receivable, net    
Customer 296 375
Other 96 94
Receivable from affiliates, current 0 1
Inventories, net    
Materials and Supplies 39 40
Gas Held in Storage 46 37
Regulatory Assets, Current 195 174
Prepaid Taxes 0 69
Other 10 3
Total current assets 798 811
Property, plant and equipment, net 8,039 7,602
Deferred debits and other assets    
Regulatory Assets, Noncurrent 402 397
Investments 5 5
Prepaid pension asset 290 285
Other 7 4
Total deferred debits and other assets 704 691
Total assets 9,541 9,104
Current Liabilities    
Short-term borrowings 0 77
Accounts payable 277 265
Accrued expenses 146 164
Payable to affiliates, current 47 52
Regulatory Liability, Current 95 62
Customer deposits 119 116
Other 23 24
Total current liabilities 707 760
Long-term debt 2,876 2,577
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 1,345 1,244
Asset Retirement Obligations, Noncurrent 24 23
Non-pension postretirement benefit obligations 200 202
Regulatory Liability, Noncurrent 1,070 1,101
Other 75 56
Total deferred credits and other liabilities 2,714 2,626
Total liabilities 6,297 5,963
Commitments and contingencies
Stockholders' Equity Attributable to Parent    
Common stock 1,623 1,605
Retained Earnings 1,621 1,536
Total shareholders’ equity 3,244 3,141
Member’s equity    
Total liabilities and shareholders’ equity 9,541 9,104
Pepco Holdings LLC [Member]    
Current Assets    
Cash and cash equivalents 153 30
Restricted cash and cash equivalents 42 42
Accounts receivable, net    
Customer 500 486
Other 266 206
Receivable from affiliates, current 0 0
Inventories, net    
Materials and Supplies 149 151
Gas Held in Storage 9 7
Regulatory Assets, Current 521 554
Other 60 75
Total current assets 1,700 1,551
Property, plant and equipment, net 13,167 12,498
Deferred debits and other assets    
Regulatory Assets, Noncurrent 2,374 2,493
Investments 133 132
Long-term note receivable 0 4
Goodwill 4,005 4,005
Prepaid pension asset 499 490
Deferred income taxes 12 4
Other 67 70
Total deferred debits and other assets 7,090 7,198
Total assets [3] 21,957 21,247
Current Liabilities    
Short-term borrowings 334 350
Long-term debt due within one year 117 396
Accounts payable 505 348
Accrued expenses 269 261
Payable to affiliates, current 102 90
Borrowings from Exelon intercompany money pool 10 0
Regulatory Liability, Current 99 56
Unamortized energy contract liabilities, current 125 188
Customer deposits 113 119
Merger related obligation 38 42
Other 57 81
Total current liabilities 1,769 1,931
Long-term debt 5,972 5,478
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 2,243 2,070
Asset Retirement Obligations, Noncurrent 53 16
Non-pension postretirement benefit obligations 102 105
Regulatory Liability, Noncurrent 1,783 1,872
Unamortized energy contract liabilities, noncurrent 474 561
Other 395 389
Total deferred credits and other liabilities 5,050 5,013
Total liabilities [3] 12,791 12,422
Commitments and contingencies
Stockholders' Equity Attributable to Parent    
Retained Earnings 94 (10)
Member’s equity    
Membership Interest 9,072 8,835
Total members' equity 9,166 8,825
Total equity 9,166 8,825
Total liabilities and shareholders’ equity 21,957 21,247
Variable Interest Entity, Consolidated, Assets, Not Pledged 36 41
Variable Interest Entity, Consolidated, Liabilities, No Recourse 78 102
Potomac Electric Power Company [Member]    
Current Assets    
Cash and cash equivalents 12 5
Restricted cash and cash equivalents 35 35
Accounts receivable, net    
Customer 235 250
Other 102 87
Inventories, net    
Inventories, net 81 87
Regulatory Assets, Current 284 213
Other 9 33
Total current assets 758 710
Property, plant and equipment, net 6,337 6,001
Deferred debits and other assets    
Regulatory Assets, Noncurrent 662 678
Investments 105 102
Prepaid pension asset 318 322
Other 19 19
Total deferred debits and other assets 1,104 1,121
Total assets 8,199 7,832
Current Liabilities    
Short-term borrowings 64 26
Long-term debt due within one year 14 19
Accounts payable 234 139
Accrued expenses 141 137
Payable to affiliates, current 70 74
Regulatory Liability, Current 5 3
Customer deposits 53 54
Merger related obligation 38 42
Current portion of DC PLUG obligation 30 28
Other 9 28
Total current liabilities 658 550
Long-term debt 2,611 2,521
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 1,139 1,063
Non-pension postretirement benefit obligations 31 36
Regulatory Liability, Noncurrent 759 829
Other 337 300
Total deferred credits and other liabilities 2,266 2,228
Total liabilities 5,535 5,299
Commitments and contingencies
Stockholders' Equity Attributable to Parent    
Common stock 1,555 1,470
Retained Earnings 1,109 1,063
Total shareholders’ equity 2,664 2,533
Member’s equity    
Total liabilities and shareholders’ equity 8,199 7,832
Delmarva Power and Light Company [Member]    
Current Assets    
Cash and cash equivalents 110 2
Restricted cash and cash equivalents 0 0
Accounts receivable, net    
Customer 121 146
Other 53 38
Inventories, net    
Materials and Supplies 37 36
Gas Held in Storage 9 7
Regulatory Assets, Current 66 69
Other 18 27
Total current assets 414 325
Property, plant and equipment, net 3,748 3,579
Deferred debits and other assets    
Regulatory Assets, Noncurrent 235 245
Goodwill 8 8
Prepaid pension asset 188 193
Other 8 7
Total deferred debits and other assets 439 453
Total assets 4,601 4,357
Current Liabilities    
Short-term borrowings 0 216
Long-term debt due within one year 79 83
Accounts payable 104 82
Accrued expenses 52 35
Payable to affiliates, current 30 46
Regulatory Liability, Current 67 42
Customer deposits 35 35
Other 6 8
Total current liabilities 373 547
Long-term debt 1,415 1,217
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 645 603
Non-pension postretirement benefit obligations 15 14
Regulatory Liability, Noncurrent 587 593
Other 49 48
Total deferred credits and other liabilities 1,296 1,258
Total liabilities 3,084 3,022
Commitments and contingencies
Stockholders' Equity Attributable to Parent    
Common stock 914 764
Retained Earnings 603 571
Total shareholders’ equity 1,517 1,335
Member’s equity    
Total liabilities and shareholders’ equity 4,601 4,357
Atlantic City Electric Company [Member]    
Current Assets    
Cash and cash equivalents 11 2
Restricted cash and cash equivalents 7 6
Accounts receivable, net    
Customer 144 92
Other 59 56
Receivable from affiliates, current 0 0
Inventories, net    
Inventories, net 31 29
Regulatory Assets, Current 44 71
Prepaid Taxes 0 0
Other 21 2
Total current assets 317 258
Property, plant and equipment, net 2,883 2,706
Deferred debits and other assets    
Regulatory Assets, Noncurrent 383 359
Long-term note receivable 0 4
Prepaid pension asset 70 73
Other 41 45
Total deferred debits and other assets 494 481
Total assets [4] 3,694 3,445
Current Liabilities    
Short-term borrowings 270 108
Long-term debt due within one year 22 281
Accounts payable 149 118
Accrued expenses 38 33
Payable to affiliates, current 25 29
Regulatory Liability, Current 27 11
Customer deposits 26 31
Other 9 8
Total current liabilities 566 619
Long-term debt 1,078 840
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 534 493
Non-pension postretirement benefit obligations 16 14
Regulatory Liability, Noncurrent 401 411
Other 26 25
Total deferred credits and other liabilities 977 943
Total liabilities [4] 2,621 2,402
Commitments and contingencies
Stockholders' Equity Attributable to Parent    
Common stock 912 912
Retained Earnings 161 131
Total shareholders’ equity 1,073 1,043
Member’s equity    
Total liabilities and shareholders’ equity 3,694 3,445
Variable Interest Entity, Consolidated, Assets, Not Pledged 26 29
Variable Interest Entity, Consolidated, Liabilities, No Recourse $ 68 $ 90
[1] Exelon’s consolidated assets include $9,804 million and $9,597 million at September 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 $3,606 million and $3,618 million at September 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 $9,768 million and $9,556 million at September 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 $3,528 million and $3,516 million at September 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 $36 million and $41 million at September 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 $78 million and $102 million at September 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 $26 million and $29 million at September 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 $68 million and $90 million at September 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.