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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating revenues    
Competitive businesses revenues $ 4,979 $ 5,113
Rate-regulated utility revenues 4,503 4,570
Revenues from alternative revenue programs (5) 10
Operating revenues from affiliates [1] 0 0
Total operating revenues 9,477 9,693
Operating expenses    
Competitive businesses purchased power and fuel 3,204 3,289
Rate-regulated utility purchased power and fuel 1,349 1,438
Operating and maintenance 2,189 2,384
Depreciation and amortization 1,075 1,091
Taxes other than income 445 446
Total operating expenses 8,262 8,648
Gain on sales of assets and businesses 3 56
Operating income 1,218 1,101
Other income and (deductions)    
Interest expense, net (397) (365)
Interest expense to affiliates (6) (6)
Other, net 467 (28)
Total other income and (deductions) 64 (399)
Income before income taxes 1,282 702
Income taxes 310 59
Equity in losses of unconsolidated affiliates (6) (7)
Net income 966 636
Net income attributable to noncontrolling interest 59 51
Net income (loss) attributable to common shareholders 907 585
Other comprehensive (loss) income, net of income taxes    
Prior service benefit reclassified to periodic benefit cost (16) (17)
Actuarial loss reclassified to periodic benefit cost 36 61
Pension and non-pension postretirement benefit plan valuation adjustment (38) 18
Unrealized gain on cash flow hedges 0 8
Unrealized (loss) gain on investments in unconsolidated affiliates (2) 1
Unrealized gain (loss) on foreign currency translation 2 1
Other comprehensive (loss) income (18) 72
Comprehensive income 948 708
Comprehensive income attributable to noncontrolling interests 58 52
Comprehensive income attributable to common shareholders $ 890 $ 656
Average shares of common stock outstanding:    
Basic average shares of common stock outstanding 971 966
Assumed exercise and/or distributions of stock-based awards 1 2
Diluted average shares of common stock outstanding [2] 972 968
Earnings per average common share:    
Basic earnings per average common share $ 0.93 $ 0.61
Diluted earnings per average common share $ 0.93 $ 0.60
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount   5
Exelon Generation Co L L C [Member]    
Operating revenues    
Competitive businesses revenues $ 4,979 $ 5,114
Operating revenues from affiliates 317 398
Total operating revenues 5,296 5,512
Operating expenses    
Competitive businesses purchased power and fuel 3,204 3,289
Purchased power and fuel from affiliates 1 4
Operating and maintenance 1,068 1,178
Operating and maintenance from affiliates 150 161
Depreciation and amortization 405 448
Taxes other than income 135 138
Total operating expenses 4,963 5,218
Gain on sales of assets and businesses 0 53
Operating income 333 347
Other income and (deductions)    
Interest expense, net (102) (91)
Interest expense to affiliates (9) (10)
Other, net 430 (44)
Total other income and (deductions) 319 (145)
Income before income taxes 652 202
Income taxes 224 9
Equity in losses of unconsolidated affiliates (6) (7)
Net income 422 186
Net income attributable to noncontrolling interest 59 50
Net income attributable to membership interest 363 136
Other comprehensive (loss) income, net of income taxes    
Unrealized gain on cash flow hedges 1 7
Unrealized (loss) gain on investments in unconsolidated affiliates (2) 1
Unrealized gain (loss) on foreign currency translation 2 (1)
Other comprehensive (loss) income 1 7
Comprehensive income 423 193
Comprehensive income attributable to noncontrolling interests 58 51
Comprehensive income attributable to common shareholders 365 142
Commonwealth Edison Co [Member]    
Operating revenues    
Electric operating revenues 1,432 1,493
Revenues from alternative revenue programs (28) 5
Operating revenues from affiliates 4 14
Total operating revenues 1,408 1,512
Operating expenses    
Purchased power 388 411
Purchased power and fuel from affiliates 97 194
Operating and maintenance 259 253
Operating and maintenance from affiliates 62 60
Depreciation and amortization 251 228
Taxes other than income 78 77
Total operating expenses 1,135 1,223
Gain on sales of assets and businesses 3 3
Operating income 276 292
Other income and (deductions)    
Interest expense, net (84) (86)
Interest expense to affiliates (3) (3)
Other, net 8 8
Total other income and (deductions) (79) (81)
Income before income taxes 197 211
Income taxes 40 46
Net income 157 165
Other comprehensive (loss) income, net of income taxes    
Comprehensive income 157 165
PECO Energy Co [Member]    
Operating revenues    
Electric operating revenues 622 633
Natural gas operating revenues 280 232
Revenues from alternative revenue programs (3) (1)
Operating revenues from affiliates 1 2
Total operating revenues 900 866
Operating expenses    
Purchased power 152 199
Purchased fuel 135 98
Purchased power and fuel from affiliates 44 36
Operating and maintenance 187 233
Operating and maintenance from affiliates 38 42
Depreciation and amortization 81 75
Taxes other than income 41 41
Total operating expenses 678 724
Operating income 222 142
Other income and (deductions)    
Interest expense, net (30) (30)
Interest expense to affiliates (3) (3)
Other, net 4 2
Total other income and (deductions) (29) (31)
Income before income taxes 193 111
Income taxes 25 (2)
Net income 168 113
Other comprehensive (loss) income, net of income taxes    
Comprehensive income 168 113
Baltimore Gas and Electric Company [Member]    
Operating revenues    
Electric operating revenues 652 654
Natural gas operating revenues 308 330
Revenues from alternative revenue programs 10 (13)
Operating revenues from affiliates 6 6
Total operating revenues 976 977
Operating expenses    
Purchased power 190 192
Purchased fuel 95 123
Purchased power and fuel from affiliates 75 65
Operating and maintenance 153 184
Operating and maintenance from affiliates 39 37
Depreciation and amortization 136 134
Taxes other than income 68 65
Total operating expenses 756 800
Operating income 220 177
Other income and (deductions)    
Interest expense, net (29) (25)
Other, net 5 4
Total other income and (deductions) (24) (21)
Income before income taxes 196 156
Income taxes 36 28
Net income 160 128
Other comprehensive (loss) income, net of income taxes    
Comprehensive income 160 128
Pepco Holdings LLC [Member]    
Operating revenues    
Electric operating revenues 1,139 1,151
Natural gas operating revenues 71 78
Revenues from alternative revenue programs 15 18
Operating revenues from affiliates 3 4
Total operating revenues 1,228 1,251
Operating expenses    
Purchased power 355 374
Purchased fuel 34 41
Purchased power and fuel from affiliates 101 105
Operating and maintenance 239 271
Operating and maintenance from affiliates 33 38
Depreciation and amortization 180 183
Taxes other than income 111 113
Total operating expenses 1,053 1,125
Operating income 175 126
Other income and (deductions)    
Interest expense, net (65) (63)
Other, net 12 11
Total other income and (deductions) (53) (52)
Income before income taxes 122 74
Income taxes 5 9
Net income 117 65
Other comprehensive (loss) income, net of income taxes    
Comprehensive income attributable to common shareholders 117 65
Potomac Electric Power Company [Member]    
Operating revenues    
Electric operating revenues 559 536
Revenues from alternative revenue programs 14 19
Operating revenues from affiliates 2 2
Total operating revenues 575 557
Operating expenses    
Purchased power 117 130
Purchased power and fuel from affiliates 70 52
Operating and maintenance 64 73
Operating and maintenance from affiliates 54 57
Depreciation and amortization 94 96
Taxes other than income 92 93
Total operating expenses 491 501
Operating income 84 56
Other income and (deductions)    
Interest expense, net (34) (31)
Other, net 7 8
Total other income and (deductions) (27) (23)
Income before income taxes 57 33
Income taxes 2 2
Net income 55 31
Other comprehensive (loss) income, net of income taxes    
Comprehensive income 55 31
Delmarva Power and Light Company [Member]    
Operating revenues    
Electric operating revenues 307 303
Natural gas operating revenues 71 78
Revenues from alternative revenue programs 0 1
Operating revenues from affiliates 2 2
Total operating revenues 380 384
Operating expenses    
Purchased power 107 90
Purchased fuel 34 41
Purchased power and fuel from affiliates 23 46
Operating and maintenance 45 57
Operating and maintenance from affiliates 39 41
Depreciation and amortization 46 45
Taxes other than income 14 15
Total operating expenses 308 335
Operating income 72 49
Other income and (deductions)    
Interest expense, net (15) (13)
Other, net 3 2
Total other income and (deductions) (12) (11)
Income before income taxes 60 38
Income taxes 7 7
Net income 53 31
Other comprehensive (loss) income, net of income taxes    
Comprehensive income 53 31
Atlantic City Electric Company [Member]    
Operating revenues    
Electric operating revenues 271 311
Revenues from alternative revenue programs 1 (2)
Operating revenues from affiliates 1 1
Total operating revenues 273 310
Operating expenses    
Purchased power 131 155
Purchased power and fuel from affiliates 8 6
Operating and maintenance 47 54
Operating and maintenance from affiliates 34 36
Depreciation and amortization 31 33
Taxes other than income 1 3
Total operating expenses 252 287
Operating income 21 23
Other income and (deductions)    
Interest expense, net (14) (16)
Other, net 3 1
Total other income and (deductions) (11) (15)
Income before income taxes 10 8
Income taxes 0 1
Net income 10 7
Other comprehensive (loss) income, net of income taxes    
Comprehensive income $ 10 $ 7
[1] Intersegment revenues exclude sales to unconsolidated affiliates. The intersegment profit associated with Generation’s sale of certain products and services by and between Exelon’s segments is not eliminated in consolidation due to the recognition of intersegment profit in accordance with regulatory accounting guidance. For Exelon, these amounts are included in Operating revenues in the Consolidated Statements of Operations and Comprehensive Income.
[2] The number of stock options not included in the calculation of diluted common shares outstanding due to their antidilutive effect was immaterial for the three months ended March 31, 2019 and approximately 5 million for the three months ended March 31, 2018.