XML 120 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 23, 2016
Dec. 31, 2016
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating revenues          
Competitive businesses revenues     $ 19,168 $ 17,394 $ 16,330
Rate-regulated utility revenues     16,879 15,964 14,988
Electric operating revenues       0 0
Natural gas operating revenues       0 0
Revenues from alternative revenue programs     (62) 207 48
Operating revenues from affiliates       0 0
Total operating revenues     35,985 33,565 31,366
Operating expenses          
Competitive businesses purchased power and fuel     11,679 9,668 8,817
Rate-regulated utility purchased power and fuel     4,991 4,367 3,823
Operating and maintenance     9,337 10,025 9,954
Depreciation and amortization     4,353 3,828 3,936
Taxes other than income     1,783 1,731 1,576
Total operating expenses     32,143 29,619 28,106
Gain (loss) on sales of assets and businesses     56 3 (48)
Bargain purchase gain     0 233 0
Gain on deconsolidation of business     0 213 0
Operating income (loss)     3,898 4,395 3,212
Other income and (deductions)          
Interest expense, net     (1,529) (1,524) (1,495)
Interest expense to affiliates     (25) (36) (41)
Other, net     (112) 947 297
Total other income and (deductions)     (1,666) (613) (1,239)
Income (loss) before income taxes     2,232 3,782 1,973
Income taxes     120 (126) 753
Equity in losses of unconsolidated affiliates     (28) (32) (24)
Net income (loss)     2,084 3,876 1,196
Net income (loss) attributable to noncontrolling interests and/or preference stock dividends     74 90 75
Net income (loss) attributable to common shareholders     2,010 3,786 1,121
Other comprehensive income (loss), net of income taxes          
Prior service benefit reclassified to periodic benefit cost     (66) (56) (48)
Actuarial loss reclassified to periodic cost     247 197 184
Pension and non-pension postretirement benefit plan valuation adjustment     (143) 10 (181)
Unrealized gain on cash flow hedges     12 3 2
Unrealized gain on marketable securities     0 6 1
Unrealized gain (loss) on investments in unconsolidated affiliates     2 4 (4)
Unrealized (loss) gain on foreign currency translation     (10) 7 10
Other comprehensive income (loss)     42 171 (36)
Comprehensive income (loss)     2,126 4,047 1,160
Comprehensive income attributable to noncontrolling interests and/or preference stock dividends     75 88 75
Comprehensive income (loss) attributable to common shareholders     $ 2,051 $ 3,959 $ 1,085
Average shares of common stock outstanding:          
Weighted Average Number of Shares Outstanding, Basic     967 947 924
Weighted Average Number of Shares Outstanding, Diluted     969 949 927
Earnings per average common share:          
Earnings Per Share, Basic     $ 2.08 $ 4.00 $ 1.21
Earnings Per Share, Diluted     $ 2.07 $ 3.99 $ 1.21
Exelon Generation Co L L C [Member]          
Operating revenues          
Competitive businesses revenues     $ 19,169 $ 17,385 $ 16,318
Rate-regulated utility revenues       0 0
Electric operating revenues       0 0
Natural gas operating revenues       0 0
Revenues from alternative revenue programs       0 0
Operating revenues from affiliates     1,268 1,115 1,439
Total operating revenues     20,437 18,500 17,757
Operating expenses          
Competitive businesses purchased power and fuel     11,679 9,671 8,818
Purchased power and/or fuel from affiliates     14 19 12
Operating and maintenance     4,803 5,602 5,000
Operating and maintenance from affiliates     661 697 663
Depreciation and amortization     1,797 1,457 1,879
Taxes other than income     556 555 506
Total operating expenses     19,510 18,001 16,878
Gain (loss) on sales of assets and businesses     48 2 (59)
Bargain purchase gain     0 233 0
Gain on deconsolidation of business     0 213 0
Operating income (loss)     975 947 820
Other income and (deductions)          
Interest expense, net     (396) (401) (325)
Interest expense to affiliates     (36) (39) (39)
Other, net     (178) 948 401
Total other income and (deductions)     (610) 508 37
Income (loss) before income taxes     365 1,455 857
Income taxes     (108) (1,376) 282
Equity in losses of unconsolidated affiliates     (30) (33) (25)
Net income (loss)     443 2,798 550
Net income (loss) attributable to noncontrolling interests     73 88 67
Net income (loss) attributable to membership interest     370 2,710 483
Other comprehensive income (loss), net of income taxes          
Unrealized gain on cash flow hedges     12 3 2
Unrealized gain on marketable securities     0 1 1
Unrealized gain (loss) on investments in unconsolidated affiliates     1 4 (4)
Unrealized (loss) gain on foreign currency translation     (10) 7 10
Other comprehensive income (loss)     3 15 9
Comprehensive income (loss)     446 2,813 559
Comprehensive income attributable to noncontrolling interests and/or preference stock dividends     74 86 67
Comprehensive income (loss) attributable to common shareholders     372 2,727 492
Commonwealth Edison Co [Member]          
Operating revenues          
Competitive businesses revenues       0 0
Rate-regulated utility revenues       0 0
Electric operating revenues     5,884 5,478 5,263
Natural gas operating revenues       0 0
Revenues from alternative revenue programs     (29) 43 (24)
Operating revenues from affiliates     27 15 15
Total operating revenues     5,882 5,536 5,254
Operating expenses          
Purchased power     1,626 1,533 1,411
Purchased power and/or fuel from affiliates     529 108 47
Operating and maintenance     1,068 1,157 1,303
Operating and maintenance from affiliates     267 270 227
Depreciation and amortization     940 850 775
Taxes other than income     311 296 293
Total operating expenses     4,741 4,214 4,056
Gain (loss) on sales of assets and businesses     5 1 7
Operating income (loss)     1,146 1,323 1,205
Other income and (deductions)          
Interest expense, net     (334) (348) (448)
Interest expense to affiliates     (13) (13) (13)
Other, net     33 22 (65)
Total other income and (deductions)     (314) (339) (526)
Income (loss) before income taxes     832 984 679
Income taxes     168 417 301
Net income (loss)     664 567 378
Other comprehensive income (loss), net of income taxes          
Comprehensive income (loss)     664 567 378
PECO Energy Co [Member]          
Operating revenues          
Competitive businesses revenues       0 0
Rate-regulated utility revenues       0 0
Electric operating revenues     2,469 2,369 2,524
Natural gas operating revenues     568 494 462
Revenues from alternative revenue programs     (7) 0 0
Operating revenues from affiliates     8 7 8
Total operating revenues     3,038 2,870 2,994
Operating expenses          
Purchased power     734 648 598
Purchased fuel     230 186 162
Purchased power and/or fuel from affiliates     126 135 287
Operating and maintenance     742 657 665
Operating and maintenance from affiliates     156 149 146
Depreciation and amortization     301 286 270
Taxes other than income     163 154 164
Total operating expenses     2,452 2,215 2,292
Gain (loss) on sales of assets and businesses     1 0 0
Operating income (loss)     587 655 702
Other income and (deductions)          
Interest expense, net     (115) (115) (111)
Interest expense to affiliates     (14) (11) (12)
Other, net     8 9 8
Total other income and (deductions)     (121) (117) (115)
Income (loss) before income taxes     466 538 587
Income taxes     6 104 149
Net income (loss)     460 434 438
Other comprehensive income (loss), net of income taxes          
Comprehensive income (loss)     460 434 438
Baltimore Gas and Electric Company [Member]          
Operating revenues          
Competitive businesses revenues       0 0
Rate-regulated utility revenues       0 0
Electric operating revenues     2,428 2,384 2,531
Natural gas operating revenues     738 652 628
Revenues from alternative revenue programs     (26) 124 53
Operating revenues from affiliates     29 16 21
Total operating revenues     3,169 3,176 3,233
Operating expenses          
Purchased power     671 566 528
Purchased fuel     254 183 162
Purchased power and/or fuel from affiliates     257 384 604
Operating and maintenance     615 563 605
Operating and maintenance from affiliates     162 153 132
Depreciation and amortization     483 473 423
Taxes other than income     254 240 229
Total operating expenses     2,696 2,562 2,683
Gain (loss) on sales of assets and businesses     1 0 0
Operating income (loss)     474 614 550
Other income and (deductions)          
Interest expense, net     (106) (95) (87)
Interest expense to affiliates     0 (10) (16)
Other, net     19 16 21
Total other income and (deductions)     (87) (89) (82)
Income (loss) before income taxes     387 525 468
Income taxes     74 218 174
Net income (loss)     313 307 294
Preference stock dividends     0 0 8
Net income (loss) attributable to common shareholders     313 307 286
Other comprehensive income (loss), net of income taxes          
Comprehensive income (loss)     313 307 294
Comprehensive income attributable to noncontrolling interests and/or preference stock dividends     0 0 8
Comprehensive income (loss) attributable to common shareholders     313 307 286
Pepco Holdings LLC [Member]          
Operating revenues          
Electric operating revenues     4,609 4,428  
Natural gas operating revenues     181 161  
Revenues from alternative revenue programs     0 40  
Operating revenues from affiliates     15 50  
Total operating revenues     4,805 4,679  
Operating expenses          
Purchased power     1,387 1,182  
Purchased fuel     89 71  
Purchased power and/or fuel from affiliates     355 463  
Operating and maintenance     978 918  
Operating and maintenance from affiliates     152 150  
Depreciation and amortization     740 675  
Taxes other than income     455 452  
Total operating expenses     4,156 3,911  
Gain (loss) on sales of assets and businesses     1 1  
Operating income (loss)     650 769  
Other income and (deductions)          
Interest expense, net     (261) (245)  
Other, net     43 54  
Total other income and (deductions)     (218) (191)  
Income (loss) before income taxes     432 578  
Income taxes     35 217  
Equity in losses of unconsolidated affiliates     1 1  
Net income (loss)     398 362  
Net income (loss) attributable to membership interest     398 362  
Other comprehensive income (loss), net of income taxes          
Actuarial loss reclassified to periodic cost     0 0  
Other comprehensive income (loss)     0 0  
Comprehensive income (loss) attributable to common shareholders     398 362  
Pepco Holdings LLC [Member] | Predecessor [Member]          
Operating revenues          
Competitive businesses revenues $ 0        
Rate-regulated utility revenues 0        
Electric operating revenues 1,122        
Natural gas operating revenues 57        
Revenues from alternative revenue programs (26)        
Operating revenues from affiliates 0        
Total operating revenues 1,153        
Operating expenses          
Purchased power 471        
Purchased fuel 26        
Purchased power and/or fuel from affiliates 0        
Operating and maintenance 294        
Operating and maintenance from affiliates 0        
Depreciation and amortization 152        
Taxes other than income 105        
Total operating expenses 1,048        
Gain (loss) on sales of assets and businesses 0        
Operating income (loss) 105        
Other income and (deductions)          
Interest expense, net (65)        
Other, net (4)        
Total other income and (deductions) (69)        
Income (loss) before income taxes 36        
Income taxes 17        
Equity in losses of unconsolidated affiliates 0        
Net income (loss) 19        
Net income (loss) attributable to membership interest 19        
Other comprehensive income (loss), net of income taxes          
Actuarial loss reclassified to periodic cost 1        
Other comprehensive income (loss) 1        
Comprehensive income (loss) attributable to common shareholders $ 20        
Pepco Holdings LLC [Member] | Successor [Member]          
Operating revenues          
Competitive businesses revenues   $ 0   0  
Rate-regulated utility revenues   0   0  
Electric operating revenues   3,463   4,428  
Natural gas operating revenues   92   161  
Revenues from alternative revenue programs   43   40  
Operating revenues from affiliates   45 15 50  
Total operating revenues   3,643   4,679  
Operating expenses          
Purchased power   925      
Purchased fuel   36      
Purchased power and/or fuel from affiliates   486      
Operating and maintenance   1,144      
Operating and maintenance from affiliates   89 152 150  
Depreciation and amortization   515      
Taxes other than income   354      
Total operating expenses   3,549      
Gain (loss) on sales of assets and businesses   (1)      
Operating income (loss)   93      
Other income and (deductions)          
Interest expense, net   (195)      
Other, net   44      
Total other income and (deductions)   (151)      
Income (loss) before income taxes   (58)      
Income taxes   3      
Equity in losses of unconsolidated affiliates   0      
Net income (loss)   (61)      
Net income (loss) attributable to membership interest   (61)      
Other comprehensive income (loss), net of income taxes          
Actuarial loss reclassified to periodic cost   0      
Other comprehensive income (loss)   0      
Comprehensive income (loss) attributable to common shareholders   $ (61)      
Potomac Electric Power Company [Member]          
Operating revenues          
Competitive businesses revenues       0 0
Rate-regulated utility revenues       0 0
Electric operating revenues     2,233 2,126 2,167
Natural gas operating revenues       0 0
Revenues from alternative revenue programs     0 26 14
Operating revenues from affiliates     6 6 5
Total operating revenues     2,239 2,158 2,186
Operating expenses          
Purchased power     448 359 411
Purchased power and/or fuel from affiliates     206 255 295
Operating and maintenance     275 396 607
Operating and maintenance from affiliates     226 58 35
Depreciation and amortization     385 321 295
Taxes other than income     379 371 377
Total operating expenses     1,919 1,760 2,020
Gain (loss) on sales of assets and businesses     0 1 8
Operating income (loss)     320 399 174
Other income and (deductions)          
Interest expense, net     (128) (121) (127)
Other, net     31 32 36
Total other income and (deductions)     (97) (89) (91)
Income (loss) before income taxes     223 310 83
Income taxes     13 105 41
Net income (loss)     210 205 42
Other comprehensive income (loss), net of income taxes          
Comprehensive income (loss)     210 205 42
Delmarva Power & Light Company [Member]          
Operating revenues          
Competitive businesses revenues       0 0
Rate-regulated utility revenues       0 0
Electric operating revenues     1,139 1,125 1,128
Natural gas operating revenues     181 161 148
Revenues from alternative revenue programs     4 6 (6)
Operating revenues from affiliates     8 8 7
Total operating revenues     1,332 1,300 1,277
Operating expenses          
Purchased power     352 282 369
Purchased fuel     89 71 60
Purchased power and/or fuel from affiliates     120 179 154
Operating and maintenance     182 283 422
Operating and maintenance from affiliates     162 32 19
Depreciation and amortization     182 167 157
Taxes other than income     56 57 55
Total operating expenses     1,143 1,071 1,236
Gain (loss) on sales of assets and businesses     1 0 9
Operating income (loss)     190 229 50
Other income and (deductions)          
Interest expense, net     (58) (51) (50)
Other, net     10 14 13
Total other income and (deductions)     (48) (37) (37)
Income (loss) before income taxes     142 192 13
Income taxes     22 71 22
Net income (loss)     120 121 (9)
Other comprehensive income (loss), net of income taxes          
Comprehensive income (loss)     120 121 (9)
Atlantic City Electric Company [Member]          
Operating revenues          
Competitive businesses revenues       0 0
Rate-regulated utility revenues       0 0
Electric operating revenues     1,237 1,176 1,245
Natural gas operating revenues       0 0
Revenues from alternative revenue programs     (4) 8 9
Operating revenues from affiliates     3 2 3
Total operating revenues     1,236 1,186 1,257
Operating expenses          
Purchased power     587 541 614
Purchased power and/or fuel from affiliates     29 29 37
Operating and maintenance     188 279 410
Operating and maintenance from affiliates     142 28 18
Depreciation and amortization     136 146 165
Taxes other than income     5 6 7
Total operating expenses     1,087 1,029 1,251
Gain (loss) on sales of assets and businesses     0 0 1
Operating income (loss)     149 157 7
Other income and (deductions)          
Interest expense, net     (64) (61) (62)
Other, net     2 7 9
Total other income and (deductions)     (62) (54) (53)
Income (loss) before income taxes     87 103 (46)
Income taxes     12 26 (4)
Net income (loss)     75 77 (42)
Other comprehensive income (loss), net of income taxes          
Comprehensive income (loss)     $ 75 $ 77 $ (42)