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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Operating revenues        
Revenues from alternative revenue programs $ (13) $ (26) $ (19) $ (16)
Operating revenues from affiliates 0 0 0 0
Total operating revenues 7,689 8,076 17,166 17,769
Operating expenses        
Operating and maintenance 2,159 2,307 4,347 4,691
Depreciation and amortization 1,079 1,088 2,154 2,179
Taxes other than income 418 428 863 874
Total operating expenses 6,881 7,138 15,142 15,786
Gain on sales of assets and businesses 33 4 36 60
Operating income 841 942 2,060 2,043
Other income and (deductions)        
Interest expense, net (403) (367) (800) (732)
Interest expense to affiliates (6) (6) (13) (13)
Other, net 212 44 679 17
Total other income and (deductions) (197) (329) (134) (728)
Income before income taxes 644 613 1,926 1,315
Income taxes 144 66 454 125
Equity in losses of unconsolidated affiliates (6) (5) (12) (11)
Net income 494 542 1,460 1,179
Net income attributable to noncontrolling interests 10 3 69 54
Net income (loss) attributable to common shareholders 484 539 1,391 1,125
Other comprehensive (loss) income, net of income taxes        
Prior service benefit reclassified to periodic benefit cost (16) (17) (32) (33)
Actuarial loss reclassified to periodic benefit cost 36 61 74 123
Pension and non-pension postretirement benefit plan valuation adjustment 0 (1) (39) 18
Unrealized (loss) gain on cash flow hedges 0 4 0 12
Unrealized (loss) gain on investments in unconsolidated affiliates (2) 2 (4) 3
Unrealized gain (loss) on foreign currency translation 3 (5) 4 (6)
Other comprehensive income 21 44 3 117
Comprehensive income 515 586 1,463 1,296
Comprehensive income attributable to noncontrolling interests 9 4 67 56
Comprehensive income attributable to common shareholders/membership interest $ 506 $ 582 $ 1,396 $ 1,240
Average shares of common stock outstanding:        
Basic average shares of common stock outstanding 972 967 972 967
Assumed exercise and/or distributions of stock-based awards 2 2 1 1
Diluted average shares of common stock outstanding [1] 974 969 973 968
Earnings per average common share:        
Basic earnings per average common share $ 0.50 $ 0.56 $ 1.43 $ 1.16
Diluted earnings per average common share $ 0.50 $ 0.56 $ 1.43 $ 1.16
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount   2   5
Exelon Generation Co L L C [Member]        
Operating revenues        
Operating revenues from affiliates $ 252 $ 273 $ 569 $ 671
Total operating revenues 4,210 4,579 9,506 10,090
Operating expenses        
Purchased power and/or fuel from affiliates 3 3 4 7
Operating and maintenance 1,117 1,247 2,185 2,425
Operating and maintenance from affiliates 149 171 299 331
Depreciation and amortization 409 466 814 914
Taxes other than income 129 134 264 272
Total operating expenses 4,096 4,298 9,059 9,515
Gain on sales of assets and businesses 33 1 33 54
Operating income 147 282 480 629
Other income and (deductions)        
Interest expense, net (107) (93) (209) (184)
Interest expense to affiliates (9) (9) (18) (18)
Other, net 171 29 601 (15)
Total other income and (deductions) 55 (73) 374 (217)
Income before income taxes 202 209 854 412
Income taxes 78 23 301 32
Equity in losses of unconsolidated affiliates (6) (5) (13) (12)
Net income 118 181 540 368
Net income attributable to noncontrolling interests 10 3 68 54
Net income attributable to membership interest 108 178 472 314
Other comprehensive (loss) income, net of income taxes        
Unrealized (loss) gain on cash flow hedges (1) 5 0 12
Unrealized (loss) gain on investments in unconsolidated affiliates (2) 2 (4) 3
Unrealized gain (loss) on foreign currency translation 2 (5) 4 (6)
Other comprehensive income (1) 2 0 9
Comprehensive income 117 183 540 377
Comprehensive income attributable to noncontrolling interests 9 4 66 56
Comprehensive income attributable to common shareholders/membership interest 108 179 474 321
Commonwealth Edison Co [Member]        
Operating revenues        
Revenues from alternative revenue programs (14) (17) (42) (12)
Operating revenues from affiliates 5 5 9 19
Total operating revenues 1,351 1,398 2,759 2,910
Operating expenses        
Purchased power and/or fuel from affiliates 91 104 187 298
Operating and maintenance 245 255 504 509
Operating and maintenance from affiliates 60 69 122 129
Depreciation and amortization 257 231 508 459
Taxes other than income 71 79 148 156
Total operating expenses 1,040 1,111 2,174 2,335
Gain on sales of assets and businesses 0 1 3 5
Operating income 311 288 588 580
Other income and (deductions)        
Interest expense, net (86) (82) (171) (168)
Interest expense to affiliates (3) (3) (7) (7)
Other, net 10 4 19 12
Total other income and (deductions) (79) (81) (159) (163)
Income before income taxes 232 207 429 417
Income taxes 46 43 85 88
Net income 186 164 344 329
Other comprehensive (loss) income, net of income taxes        
Comprehensive income 186 164 344 329
PECO Energy Co [Member]        
Operating revenues        
Revenues from alternative revenue programs (3) 2 (6) 1
Operating revenues from affiliates 2 2 3 3
Total operating revenues 655 653 1,554 1,518
Operating expenses        
Purchased power and/or fuel from affiliates 35 24 79 60
Operating and maintenance 162 153 349 387
Operating and maintenance from affiliates 37 38 75 79
Depreciation and amortization 83 74 164 149
Taxes other than income 37 39 79 79
Total operating expenses 510 526 1,187 1,249
Operating income 145 127 367 269
Other income and (deductions)        
Interest expense, net (30) (28) (61) (57)
Interest expense to affiliates (3) (4) (6) (7)
Other, net 3 0 7 2
Total other income and (deductions) (30) (32) (60) (62)
Income before income taxes 115 95 307 207
Income taxes 13 (1) 37 (3)
Net income 102 96 270 210
Other comprehensive (loss) income, net of income taxes        
Comprehensive income 102 96 270 210
Baltimore Gas and Electric Company [Member]        
Operating revenues        
Revenues from alternative revenue programs 6 (4) 17 (17)
Operating revenues from affiliates 6 6 12 12
Total operating revenues 649 662 1,625 1,639
Operating expenses        
Purchased power and/or fuel from affiliates 56 62 132 127
Operating and maintenance 142 135 294 318
Operating and maintenance from affiliates 40 41 78 79
Depreciation and amortization 117 114 252 248
Taxes other than income 62 59 131 124
Total operating expenses 569 578 1,325 1,378
Gain on sales of assets and businesses 0 1 0 1
Operating income 80 85 300 262
Other income and (deductions)        
Interest expense, net (29) (25) (58) (51)
Other, net 5 4 11 9
Total other income and (deductions) (24) (21) (47) (42)
Income before income taxes 56 64 253 220
Income taxes 11 13 47 41
Net income 45 51 206 179
Other comprehensive (loss) income, net of income taxes        
Comprehensive income 45 51 206 179
Pepco Holdings LLC [Member]        
Operating revenues        
Revenues from alternative revenue programs (3) (7) 12 12
Operating revenues from affiliates 3 3 7 7
Total operating revenues 1,091 1,076 2,319 2,327
Operating expenses        
Purchased power and/or fuel from affiliates 70 81 171 186
Operating and maintenance 213 218 452 489
Operating and maintenance from affiliates 35 37 68 74
Depreciation and amortization 188 180 369 363
Taxes other than income 108 107 220 221
Total operating expenses 926 923 1,981 2,048
Operating income 165 153 338 279
Other income and (deductions)        
Interest expense, net (67) (65) (131) (128)
Other, net 14 11 27 22
Total other income and (deductions) (53) (54) (104) (106)
Income before income taxes 112 99 234 173
Income taxes 6 15 11 24
Net income 106 84 223 149
Other comprehensive (loss) income, net of income taxes        
Comprehensive income attributable to common shareholders/membership interest 106 84 223 149
Potomac Electric Power Company [Member]        
Operating revenues        
Revenues from alternative revenue programs (1) (10) 13 10
Operating revenues from affiliates 1 2 3 3
Total operating revenues 531 523 1,106 1,080
Operating expenses        
Purchased power and/or fuel from affiliates 52 46 122 98
Operating and maintenance 59 60 123 133
Operating and maintenance from affiliates 52 56 107 113
Depreciation and amortization 93 92 186 188
Taxes other than income 90 90 182 183
Total operating expenses 438 438 929 939
Operating income 93 85 177 141
Other income and (deductions)        
Interest expense, net (34) (32) (68) (63)
Other, net 7 8 14 16
Total other income and (deductions) (27) (24) (54) (47)
Income before income taxes 66 61 123 94
Income taxes 2 7 4 9
Net income 64 54 119 85
Other comprehensive (loss) income, net of income taxes        
Comprehensive income 64 54 119 85
Delmarva Power and Light Company [Member]        
Operating revenues        
Revenues from alternative revenue programs 0 4 1 5
Operating revenues from affiliates 2 2 3 4
Total operating revenues 287 289 667 673
Operating expenses        
Purchased power and/or fuel from affiliates 12 30 35 76
Operating and maintenance 39 36 84 94
Operating and maintenance from affiliates 38 41 76 81
Depreciation and amortization 45 43 91 88
Taxes other than income 14 13 28 28
Total operating expenses 243 247 550 582
Operating income 44 42 117 91
Other income and (deductions)        
Interest expense, net (15) (14) (30) (27)
Other, net 5 3 7 5
Total other income and (deductions) (10) (11) (23) (22)
Income before income taxes 34 31 94 69
Income taxes 4 5 11 12
Net income 30 26 83 57
Other comprehensive (loss) income, net of income taxes        
Comprehensive income 30 26 83 57
Atlantic City Electric Company [Member]        
Operating revenues        
Revenues from alternative revenue programs (2) (1) (1) (3)
Operating revenues from affiliates 1 1 1 2
Total operating revenues 274 265 547 575
Operating expenses        
Purchased power and/or fuel from affiliates 6 6 13 12
Operating and maintenance 41 40 88 95
Operating and maintenance from affiliates 33 35 67 70
Depreciation and amortization 40 36 71 69
Taxes other than income 1 1 2 3
Total operating expenses 246 240 498 526
Operating income 28 25 49 49
Other income and (deductions)        
Interest expense, net (15) (16) (28) (32)
Other, net 1 1 4 1
Total other income and (deductions) (14) (15) (24) (31)
Income before income taxes 14 10 25 18
Income taxes 0 2 1 3
Net income 14 8 24 15
Other comprehensive (loss) income, net of income taxes        
Comprehensive income 14 8 24 15
Generation commodities and services        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 3,959 4,305 8,938 9,417
Operating expenses        
Purchased power and/or fuel 2,289 2,277 5,493 5,566
Generation commodities and services | Exelon Generation Co L L C [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 3,958 4,306 8,937 9,419
Operating expenses        
Purchased power and/or fuel 2,289 2,277 5,493 5,566
Rate-regulated utility revenues        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 3,743 3,797 8,247 8,368
Operating expenses        
Purchased power and/or fuel 936 1,038 2,285 2,476
Electricity, US Regulated | Commonwealth Edison Co [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 1,360 1,410 2,792 2,903
Operating expenses        
Purchased power and/or fuel 316 373 705 784
Electricity, US Regulated | PECO Energy Co [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 567 556 1,188 1,189
Operating expenses        
Purchased power and/or fuel 124 161 275 361
Electricity, US Regulated | Baltimore Gas and Electric Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 540 542 1,191 1,196
Operating expenses        
Purchased power and/or fuel 131 135 322 327
Electricity, US Regulated | Pepco Holdings LLC [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 1,067 1,052 2,205 2,202
Operating expenses        
Purchased power and/or fuel 303 288 658 662
Electricity, US Regulated | Potomac Electric Power Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 531 531 1,090 1,067
Operating expenses        
Purchased power and/or fuel 92 94 209 224
Electricity, US Regulated | Delmarva Power and Light Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 261 255 568 558
Operating expenses        
Purchased power and/or fuel 86 72 193 162
Electricity, US Regulated | Atlantic City Electric Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 275 265 547 576
Operating expenses        
Purchased power and/or fuel 125 122 257 277
Natural Gas, US Regulated | PECO Energy Co [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 89 93 369 325
Operating expenses        
Purchased power and/or fuel 32 37 166 134
Natural Gas, US Regulated | Baltimore Gas and Electric Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 97 118 405 448
Operating expenses        
Purchased power and/or fuel 21 32 116 155
Natural Gas, US Regulated | Pepco Holdings LLC [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 24 28 95 106
Operating expenses        
Purchased power and/or fuel 9 12 43 53
Natural Gas, US Regulated | Delmarva Power and Light Company [Member]        
Operating revenues        
Revenue from Contract with Customer, Including Assessed Tax 24 28 95 106
Operating expenses        
Purchased power and/or fuel $ 9 $ 12 $ 43 $ 53
[1]
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 and six months ended June 30, 2019 and approximately 2 million and 5 million for the three and six months ended June 30, 2018, respectively.