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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 1,349 $ 898
Restricted cash and cash equivalents 247 207
Accounts receivable, net    
Customer 4,607 4,445
Other 1,256 1,132
Mark-to-market derivative assets, current 804 976
Unamortized energy contract assets, current 48 60
Inventories, net    
Energy Related Inventory, Other Fossil Fuel 334 340
Materials and supplies 1,351 1,311
Regulatory assets, current 1,222 1,267
Assets held for sale 904 0
Other 1,238 1,260
Total current assets 13,360 11,896
Property, plant and equipment, net 76,707 74,202
Deferred debits and other assets    
Regulatory assets, noncurrent 8,237 8,021
Nuclear decommissioning trust funds 11,661 13,272
Investments 625 640
Goodwill 6,677 6,677
Mark-to-market derivative assets, noncurrent 452 337
Unamortized energy contract assets, noncurrent 372 395
Other 1,575 1,330
Total deferred debits and other assets 29,599 30,672
Total assets [1] 119,666 116,770
Current liabilities    
Short-term borrowings 714 929
Long-term debt due within one year 1,349 2,088
Accounts payable 3,800 3,532
Accrued expenses 2,112 1,837
Payables to affiliates, current 5 5
Regulatory Liability, Current 644 523
Mark-to-market derivative liabilities, current 475 232
Unamortized energy contract liabilities, current 149 231
Renewable energy credit obligation 344 352
Liabilities held for sale 777 0
Other 1,035 1,069
Total current liabilities 11,404 10,798
Long-term debt 34,075 32,176
Long-term debt to financing trusts 390 389
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 11,330 11,235
Asset retirement obligations, noncurrent 9,679 10,029
Pension obligations 3,988 3,736
Non-pension postretirement benefit obligations 1,928 2,093
Spent nuclear fuel obligation 1,171 1,147
Regulatory liabilities, noncurrent 9,559 9,865
Mark-to-market derivative liabilities, noncurrent 479 409
Unamortized energy contract liabilities, noncurrent 463 609
Other 2,130 2,097
Total deferred credits and other liabilities 40,727 41,220
Total liabilities [1] 86,596 84,583
Commitments and Contingencies
Shareholders’ equity    
Common stock 19,116 18,964
Treasury stock, at cost (123) (123)
Retained earnings 14,766 14,081
Accumulated other comprehensive income (loss), net (2,995) (3,026)
Total shareholders’ equity 30,764 29,896
Member’s equity    
Noncontrolling interests 2,306 2,291
Total equity 33,070 32,187
Total liabilities and equity 119,666 116,770
Variable Interest Entity, Consolidated, Assets, Not Pledged 9,667 9,597
Variable Interest Entity, Consolidated, Liabilities, No Recourse 3,548 3,618
Exelon Generation Co L L C [Member]    
Current assets    
Cash and cash equivalents 750 416
Restricted cash and cash equivalents 153 138
Accounts receivable, net    
Customer 2,941 2,697
Other 562 321
Mark-to-market derivative assets, current 804 976
Receivables from affiliates, current 173 140
Unamortized energy contract assets, current 49 60
Inventories, net    
Energy Related Inventory, Other Fossil Fuel 251 264
Materials and supplies 963 937
Assets held for sale 904 0
Other 883 933
Total current assets 8,433 6,882
Property, plant and equipment, net 23,981 24,906
Deferred debits and other assets    
Nuclear decommissioning trust funds 11,661 13,272
Investments 414 433
Goodwill 47 47
Mark-to-market derivative assets, noncurrent 452 334
Prepaid pension asset 1,421 1,502
Unamortized energy contract assets, noncurrent 371 395
Deferred income taxes 21 16
Other 755 670
Total deferred debits and other assets 15,142 16,669
Total assets [2] 47,556 48,457
Current liabilities    
Short-term borrowings 0 2
Long-term debt due within one year 906 346
Accounts payable 1,847 1,773
Accrued expenses 898 1,022
Payables to affiliates, current 139 123
Borrowings from Exelon intercompany money pool 100 54
Mark-to-market derivative liabilities, current 449 211
Unamortized energy contract liabilities, current 31 43
Renewable energy credit obligation 343 352
Liabilities held for sale 777 0
Other 279 265
Total current liabilities 5,769 4,191
Long-term debt 6,989 7,734
Long-term debt to affiliates 898 910
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 3,383 3,811
Asset retirement obligations, noncurrent 9,450 9,844
Non-pension postretirement benefit obligations 900 916
Spent nuclear fuel obligation 1,171 1,147
Payables to affiliates, noncurrent 2,606 3,065
Mark-to-market derivative liabilities, noncurrent 252 174
Unamortized energy contract liabilities, noncurrent 20 48
Other 610 658
Total deferred credits and other liabilities 18,392 19,663
Total liabilities [2] 32,048 32,498
Commitments and Contingencies
Shareholders’ equity    
Retained earnings 3,724 4,349
Accumulated other comprehensive income (loss), net (38) (37)
Member’s equity    
Membership interest 9,518 9,357
Total member’s equity 13,204 13,669
Noncontrolling interests 2,304 2,290
Total equity 15,508 15,959
Total liabilities and equity 47,556 48,457
Variable Interest Entity, Consolidated, Assets, Not Pledged 9,634 9,556
Variable Interest Entity, Consolidated, Liabilities, No Recourse 3,480 3,516
Commonwealth Edison Co [Member]    
Current assets    
Cash and cash equivalents 135 76
Restricted cash and cash equivalents 29 5
Accounts receivable, net    
Customer 539 559
Other 320 266
Receivables from affiliates, current 20 13
Inventories, net    
Inventories, net 148 152
Regulatory assets, current 293 225
Other 86 68
Total current assets 1,570 1,364
Property, plant and equipment, net 22,058 20,723
Deferred debits and other assets    
Regulatory assets, noncurrent 1,307 1,054
Investments 6 6
Goodwill 2,625 2,625
Receivable from affiliates, noncurrent 2,217 2,528
Prepaid pension asset 1,035 1,188
Other 395 238
Total deferred debits and other assets 7,585 7,639
Total assets 31,213 29,726
Current liabilities    
Long-term debt due within one year 300 840
Accounts payable 607 568
Accrued expenses 373 327
Payables to affiliates, current 119 74
Regulatory Liability, Current 293 249
Mark-to-market derivative liabilities, current 26 21
Customer deposits 111 112
Other 96 103
Total current liabilities 1,925 2,294
Long-term debt 7,801 6,761
Long-term debt to financing trusts 205 205
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 3,813 3,469
Asset retirement obligations, noncurrent 118 111
Non-pension postretirement benefit obligations 201 219
Regulatory liabilities, noncurrent 6,050 6,328
Mark-to-market derivative liabilities, noncurrent 223 235
Other 630 562
Total deferred credits and other liabilities 11,035 10,924
Total liabilities 20,966 20,184
Commitments and Contingencies
Shareholders’ equity    
Common stock 1,588 1,588
Other paid-in capital 7,322 6,822
Retained earnings (deficit) unappropriated (1,639) (1,639)
Retained earnings (deficit) appropriated 2,976 2,771
Total shareholders’ equity 10,247 9,542
Member’s equity    
Total liabilities and equity 31,213 29,726
PECO Energy Co [Member]    
Current assets    
Cash and cash equivalents 130 271
Restricted cash and cash equivalents 5 4
Accounts receivable, net    
Customer 321 327
Other 151 105
Inventories, net    
Energy Related Inventory, Other Fossil Fuel 38 31
Materials and supplies 37 30
Regulatory assets, current 81 29
Prepaid utility taxes 0 8
Other 19 17
Total current assets 782 822
Property, plant and equipment, net 8,610 8,053
Deferred debits and other assets    
Regulatory assets, noncurrent 460 381
Investments 25 25
Receivable from affiliates, noncurrent 389 537
Prepaid pension asset 349 340
Other 27 12
Total deferred debits and other assets 1,250 1,295
Total assets 10,642 10,170
Current liabilities    
Long-term debt due within one year 0 500
Accounts payable 370 370
Accrued expenses 113 114
Payables to affiliates, current 59 53
Regulatory Liability, Current 175 141
Customer deposits 68 66
Other 24 23
Total current liabilities 809 1,267
Long-term debt 3,084 2,403
Long-term debt to financing trusts [3] 184 184
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 1,933 1,789
Asset retirement obligations, noncurrent 27 27
Non-pension postretirement benefit obligations 288 288
Regulatory liabilities, noncurrent 421 549
Other 76 86
Total deferred credits and other liabilities 2,745 2,739
Total liabilities 6,822 6,593
Commitments and Contingencies
Shareholders’ equity    
Common stock 2,578 2,489
Retained earnings 1,242 1,087
Accumulated other comprehensive income (loss), net 0 1
Total shareholders’ equity 3,820 3,577
Member’s equity    
Total liabilities and equity 10,642 10,170
Baltimore Gas and Electric Company [Member]    
Current assets    
Cash and cash equivalents 7 17
Restricted cash and cash equivalents 6 1
Accounts receivable, net    
Customer 353 375
Other 90 94
Receivables from affiliates, current 1 1
Inventories, net    
Materials and supplies 39 40
Gas Held in Storage 36 37
Regulatory assets, current 177 174
Prepaid utility taxes 74 69
Other 3 3
Total current assets 786 811
Property, plant and equipment, net 8,243 7,602
Deferred debits and other assets    
Regulatory assets, noncurrent 398 397
Investments 5 5
Prepaid pension asset 279 285
Other 5 4
Total deferred debits and other assets 687 691
Total assets 9,716 9,104
Current liabilities    
Short-term borrowings 35 77
Accounts payable 295 265
Accrued expenses 155 164
Payables to affiliates, current 65 52
Regulatory Liability, Current 77 62
Customer deposits 120 116
Other 27 24
Total current liabilities 774 760
Long-term debt 2,876 2,577
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 1,222 1,244
Asset retirement obligations, noncurrent 24 23
Non-pension postretirement benefit obligations 201 202
Regulatory liabilities, noncurrent 1,192 1,101
Other 73 56
Total deferred credits and other liabilities 2,712 2,626
Total liabilities 6,362 5,963
Commitments and Contingencies
Shareholders’ equity    
Common stock 1,714 1,605
Retained earnings 1,640 1,536
Total shareholders’ equity 3,354 3,141
Member’s equity    
Total liabilities and equity 9,716 9,104
Pepco Holdings LLC [Member]    
Current assets    
Cash and cash equivalents 124 30
Restricted cash and cash equivalents 43 42
Accounts receivable, net    
Customer 453 486
Other 177 206
Inventories, net    
Materials and supplies 163 151
Gas Held in Storage 9 7
Regulatory assets, current 489 554
Other 75 75
Total current assets 1,533 1,551
Property, plant and equipment, net 13,446 12,498
Deferred debits and other assets    
Regulatory assets, noncurrent 2,312 2,493
Investments 130 132
Goodwill 4,005 4,005
Prepaid pension asset 486 490
Deferred income taxes 12 4
Long-term note receivable 0 4
Other 60 70
Total deferred debits and other assets 7,005 7,198
Total assets [4] 21,984 21,247
Current liabilities    
Short-term borrowings 179 350
Long-term debt due within one year 125 396
Accounts payable 496 348
Accrued expenses 256 261
Payables to affiliates, current 94 90
Regulatory Liability, Current 84 56
Unamortized energy contract liabilities, current 119 188
Customer deposits 116 119
Other 123 123
Total current liabilities 1,592 1,931
Long-term debt 6,134 5,478
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 2,146 2,070
Asset retirement obligations, noncurrent 52 16
Non-pension postretirement benefit obligations 103 105
Regulatory liabilities, noncurrent 1,864 1,872
Unamortized energy contract liabilities, noncurrent 442 561
Other 369 389
Total deferred credits and other liabilities 4,976 5,013
Total liabilities [4] 12,702 12,422
Commitments and Contingencies
Shareholders’ equity    
Retained earnings 62 (10)
Member’s equity    
Membership interest 9,220 8,835
Total member’s equity 9,282 8,825
Total equity 9,282 8,825
Total liabilities and equity 21,984 21,247
Variable Interest Entity, Consolidated, Assets, Not Pledged 33 41
Variable Interest Entity, Consolidated, Liabilities, No Recourse 69 102
Potomac Electric Power Company [Member]    
Current assets    
Cash and cash equivalents 16 5
Restricted cash and cash equivalents 37 35
Accounts receivable, net    
Customer 225 250
Other 81 87
Receivables from affiliates, current 1 0
Inventories, net    
Inventories, net 93 87
Regulatory assets, current 270 213
Other 37 33
Total current assets 760 710
Property, plant and equipment, net 6,460 6,001
Deferred debits and other assets    
Regulatory assets, noncurrent 643 678
Investments 105 102
Prepaid pension asset 316 322
Other 15 19
Total deferred debits and other assets 1,079 1,121
Total assets 8,299 7,832
Current liabilities    
Short-term borrowings 40 26
Long-term debt due within one year 15 19
Accounts payable 214 139
Accrued expenses 126 137
Payables to affiliates, current 62 74
Regulatory Liability, Current 7 3
Customer deposits 54 54
Merger related obligation 38 42
Current portion of DC PLUG obligation 30 28
Other 42 28
Total current liabilities 628 550
Long-term debt 2,704 2,521
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 1,064 1,063
Non-pension postretirement benefit obligations 29 36
Regulatory liabilities, noncurrent 822 829
Other 312 300
Total deferred credits and other liabilities 2,227 2,228
Total liabilities 5,559 5,299
Commitments and Contingencies
Shareholders’ equity    
Common stock 1,636 1,470
Retained earnings 1,104 1,063
Total shareholders’ equity 2,740 2,533
Member’s equity    
Total liabilities and equity 8,299 7,832
Delmarva Power & Light Company [Member]    
Current assets    
Cash and cash equivalents 23 2
Restricted cash and cash equivalents 1 0
Accounts receivable, net    
Customer 134 146
Other 46 38
Inventories, net    
Materials and supplies 37 36
Gas Held in Storage 9 7
Regulatory assets, current 59 69
Other 27 27
Total current assets 336 325
Property, plant and equipment, net 3,821 3,579
Deferred debits and other assets    
Regulatory assets, noncurrent 231 245
Investments 0 0
Goodwill 8 8
Prepaid pension asset 186 193
Other 6 7
Total deferred debits and other assets 431 453
Total assets 4,588 4,357
Current liabilities    
Short-term borrowings 0 216
Long-term debt due within one year 91 83
Accounts payable 111 82
Accrued expenses 39 35
Payables to affiliates, current 33 46
Regulatory Liability, Current 59 42
Customer deposits 35 35
Other 7 8
Total current liabilities 375 547
Long-term debt 1,403 1,217
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 628 603
Non-pension postretirement benefit obligations 17 14
Regulatory liabilities, noncurrent 606 593
Other 50 48
Total deferred credits and other liabilities 1,301 1,258
Total liabilities 3,079 3,022
Commitments and Contingencies
Shareholders’ equity    
Common stock 914 764
Retained earnings 595 571
Total shareholders’ equity 1,509 1,335
Member’s equity    
Total liabilities and equity 4,588 4,357
Atlantic City Electric Company [Member]    
Current assets    
Cash and cash equivalents 7 2
Restricted cash and cash equivalents 4 6
Accounts receivable, net    
Customer 95 92
Other 55 56
Receivables from affiliates, current 1 0
Inventories, net    
Inventories, net 33 29
Regulatory assets, current 40 71
Other 5 2
Total current assets 240 258
Property, plant and equipment, net 2,966 2,706
Deferred debits and other assets    
Regulatory assets, noncurrent 386 359
Investments 0 0
Prepaid pension asset 67 73
Long-term note receivable 0 4
Other 40 45
Total deferred debits and other assets 493 481
Total assets [5] 3,699 3,445
Current liabilities    
Short-term borrowings 139 108
Long-term debt due within one year 18 281
Accounts payable 154 118
Accrued expenses 35 33
Payables to affiliates, current 28 29
Regulatory Liability, Current 18 11
Customer deposits 26 31
Other 4 8
Total current liabilities 422 619
Long-term debt 1,170 840
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 535 493
Non-pension postretirement benefit obligations 17 14
Regulatory liabilities, noncurrent 402 411
Other 27 25
Total deferred credits and other liabilities 981 943
Total liabilities [5] 2,573 2,402
Commitments and Contingencies
Shareholders’ equity    
Common stock 979 912
Retained earnings 147 131
Total shareholders’ equity 1,126 1,043
Member’s equity    
Total liabilities and equity 3,699 3,445
Variable Interest Entity, Consolidated, Assets, Not Pledged 23 29
Variable Interest Entity, Consolidated, Liabilities, No Recourse $ 59 $ 90
[1] Exelon’s consolidated assets include $9,667 million and $9,597 million at December 31, 2018 and 2017, respectively, of certain VIEs that can only be used to settle the liabilities of the VIE. Exelon’s consolidated liabilities include $3,548 million and $3,618 million at December 31, 2018 and 2017, respectively, of certain VIEs for which the VIE creditors do not have recourse to Exelon. See Note 2–Variable Interest Entities for additional information.
[2] Generation’s consolidated assets include $9,634 million and $9,556 million at December 31, 2018 and 2017, respectively, of certain VIEs that can only be used to settle the liabilities of the VIE. Generation’s consolidated liabilities include $3,480 million and $3,516 million at December 31, 2018 and 2017, respectively, of certain VIEs for which the VIE creditors do not have recourse to Generation. See Note 2–Variable Interest Entities for additional information.
[3] Amounts owed to this financing trust are recorded as Long-term debt to financing trusts within PECO’s Consolidated Balance Sheets.
[4] PHI’s consolidated total assets include $33 million and $41 million at December 31, 2018 and 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 $69 million and $102 million at December 31, 2018 and 2017, respectively, of PHI's consolidated VIE for which the VIE creditors do not have recourse to PHI. See Note 2 - Variable Interest Entities for additional information.
[5] ACE’s consolidated assets include $23 million and $29 million at December 31, 2018 and 2017, respectively, of ACE’s consolidated VIE that can only be used to settle the liabilities of the VIE. ACE’s consolidated liabilities include $59 million and $90 million at December 31, 2018 and 2017, respectively, of ACE’s consolidated VIE for which the VIE creditors do not have recourse to ACE. See Note 2 - Variable Interest Entities for additional information.