XML 84 R41.htm IDEA: XBRL DOCUMENT v3.10.0.1
Commitments and Contingencies (Tables)
 9 Months Ended
Sep. 30, 2018
Commitments And Contingencies Tables Disclosure [Line Items]  
Other Commitments
The Registrants’ commercial commitments as of September 30, 2018, representing commitments potentially triggered by future events were as follows:
 
 
Exelon
 
Generation
 
ComEd
 
PECO
 
BGE
 
PHI
 
Pepco
 
DPL
 
ACE
Letters of credit (non-debt)(a)
 
$
1,584

 
$
1,565

 
$
2

 
$
—

 
$
3

 
$
4

 
$
4

 
$
—

 
$
—

Surety bonds(b)
 
1,402

 
1,201

 
9

 
9

 
25

 
65

 
32

 
4

 
3

Financing trust guarantees
 
378

 
—

 
200

 
178

 
—

 
—

 
—

 
—

 
—

Guaranteed lease residual values(c)
 
22

 
—

 
—

 
—

 
—

 
22

 
7

 
9

 
6

Total commercial commitments
 
$
3,386

 
$
2,766

 
$
211

 
$
187

 
$
28


$
91

 
$
43

 
$
13

 
$
9

_________
(a)
Letters of credit (non-debt) - Exelon and certain of its subsidiaries maintain non-debt letters of credit to provide credit support for certain transactions as requested by third parties. Includes letters of credits issued under credit facility agreements arranged at minority and community banks and nonrecourse debt letters of credits.
(b)
Surety bonds—Guarantees issued related to contract and commercial agreements, excluding bid bonds.
(c)
Represents the maximum potential obligation in the event that the fair value of certain leased equipment and fleet vehicles is zero at the end of the maximum lease term. The maximum lease term associated with these assets ranges from 3 to 8 years. The maximum potential obligation at the end of the minimum lease term would be $60 million, $17 million of which is a guarantee by Pepco, $25 million by DPL and $17 million by ACE. The minimum lease term associated with these assets ranges from 1 to 4 years. Historically, payments under the guarantees have not been made and PHI believes the likelihood of payments being required under the guarantees is remote.
The following amounts represent total commitment costs for Exelon, PHI, Pepco, DPL and ACE that have been recorded since the acquisition date and the remaining obligations as of September 30, 2018:
Description
Expected Payment Period
 
Exelon
 
PHI
 
Pepco
 
DPL
 
ACE
Rate credits
2016 - 2021
 
$
259

 
$
259

 
$
91

 
$
67

 
$
101

Energy efficiency
2016 - 2021
 
122

 
—

 
—

 
—

 
—

Charitable contributions
2016 - 2026
 
50

 
50

 
28

 
12

 
10

Delivery system modernization
Q2 2017
 
22

 
—

 
—

 
—

 
—

Green sustainability fund
Q2 2017
 
14

 
—

 
—

 
—

 
—

Workforce development
2016 - 2020
 
17

 
—

 
—

 
—

 
—

Other
 
 
29

 
6

 
1

 
5

 
—

Total commitments
 
 
$
513

 
$
315

 
$
120

 
$
84

 
$
111

Remaining commitments
 
 
$
138

 
$
94

 
$
75

 
$
12

 
$
7
Accrued environmental liabilities
As of September 30, 2018 and December 31, 2017, the Registrants had accrued the following undiscounted amounts for environmental liabilities in Other current liabilities and Other deferred credits and other liabilities within their respective Consolidated Balance Sheets:
September 30, 2018
Total environmental
investigation and
remediation reserve
 
Portion of total related to
MGP investigation and
remediation
Exelon
$
486


$
352

Generation
102

 
—

ComEd
323

 
321

PECO
28

 
27

BGE
6

 
4

PHI
27


—

Pepco
25

 
—

DPL
1

 
—

ACE
1

 
—

December 31, 2017
Total environmental
investigation and
remediation reserve
 
Portion of total related to
MGP investigation and
remediation
Exelon
$
466


$
315

Generation
117

 
—

ComEd
285

 
283

PECO
30

 
28

BGE
5

 
4

PHI
29


—

Pepco
27

 
—

DPL
1

 
—

ACE
1

 
—