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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 735 $ 1,349
Restricted cash and cash equivalents 252 247
Accounts receivable, net    
Customer 4,125 4,607
Other 1,008 1,256
Mark-to-market derivative assets, current 526 804
Unamortized energy contract assets, current 47 48
Inventories, net    
Fossil fuel and emission allowances 258 334
Materials and supplies 1,412 1,351
Regulatory assets, current 1,194 1,222
Assets held for sale 880 904
Other 1,218 1,238
Total current assets 11,655 13,360
Property, plant and equipment, net 78,030 76,707
Deferred debits and other assets    
Regulatory assets, noncurrent 8,166 8,237
Nuclear decommissioning trust funds 12,513 11,661
Investments 618 625
Goodwill 6,677 6,677
Mark-to-market derivative assets, noncurrent 537 452
Unamortized energy contract assets, noncurrent 362 372
Other 3,038 1,575
Total deferred debits and other assets 31,911 29,599
Total assets [1] 121,596 119,666
Current Liabilities    
Short-term borrowings 1,059 714
Long-term debt due within one year 3,776 1,349
Accounts payable 3,248 3,800
Accrued expenses 1,706 2,112
Payable to affiliates, current 5 5
Regulatory liabilities, current 403 644
Mark-to-market derivative liabilities, current 163 475
Unamortized energy contract liabilities, current 145 149
Renewable energy credit obligation 298 344
Liabilities held for sale 764 777
Other 1,367 1,035
Total current liabilities 12,934 11,404
Long-term debt 31,909 34,075
Long-term debt to financing trusts 390 390
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 11,826 11,330
Asset retirement obligations, noncurrent 10,023 9,679
Pension obligations 3,720 3,988
Non-pension postretirement benefit obligations 2,007 1,928
Spent nuclear fuel obligation 1,186 1,171
Regulatory liabilities, noncurrent 9,793 9,559
Mark-to-market derivative liabilities, noncurrent 450 479
Unamortized energy contract liabilities, noncurrent 398 463
Other 3,053 2,130
Total deferred credits and other liabilities 42,456 40,727
Total liabilities [1] 87,689 86,596
Commitments and contingencies
Shareholders' equity    
Common stock 19,209 19,116
Treasury stock, at cost (123) (123)
Retained earnings 15,452 14,766
Accumulated other comprehensive loss, net (2,990) (2,995)
Total shareholders’ equity 31,548 30,764
Member’s equity    
Noncontrolling Interests 2,359 2,306
Total equity 33,907 33,070
Total liabilities and shareholders’ equity 121,596 119,666
Variable Interest Entity, Consolidated, Assets, Pledged 9,526 9,667
Variable Interest Entity, Consolidated, Liabilities, No Recourse 3,568 3,548
Exelon Generation Co L L C [Member]    
Current Assets    
Cash and cash equivalents 575 750
Restricted cash and cash equivalents 122 153
Accounts receivable, net    
Customer 2,528 2,941
Other 326 562
Mark-to-market derivative assets, current 526 804
Receivable from affiliates, current 159 173
Receivable from Exelon/PHI intercompany money pool 179 0
Unamortized energy contract assets, current 47 49
Inventories, net    
Fossil fuel and emission allowances 201 251
Materials and supplies 984 963
Assets held for sale 880 904
Other 849 883
Total current assets 7,376 8,433
Property, plant and equipment, net 23,810 23,981
Deferred debits and other assets    
Nuclear decommissioning trust funds 12,513 11,661
Investments 401 414
Goodwill 47 47
Mark-to-market derivative assets, noncurrent 533 452
Prepaid pension asset 1,506 1,421
Unamortized energy contract assets, noncurrent 361 371
Deferred income taxes 14 21
Other 1,841 755
Total deferred debits and other assets 17,216 15,142
Total assets [2] 48,402 47,556
Current Liabilities    
Long-term debt due within one year 2,733 906
Accounts payable 1,517 1,847
Accrued expenses 767 898
Payable to affiliates, current 122 139
Borrowings from Exelon/PHI intercompany money pool 0 100
Mark-to-market derivative liabilities, current 134 449
Unamortized energy contract liabilities, current 26 31
Renewable energy credit obligation 298 343
Liabilities held for sale 764 777
Other 481 279
Total current liabilities 6,842 5,769
Long-term debt 5,079 6,989
Long-term debt to affiliates 892 898
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 3,534 3,383
Asset retirement obligations, noncurrent 9,792 9,450
Non-pension postretirement benefit obligations 889 900
Spent nuclear fuel obligation 1,186 1,171
Payables to affiliates, noncurrent 2,928 2,606
Mark-to-market derivative liabilities, noncurrent 206 252
Unamortized energy contract liabilities, noncurrent 13 20
Other 1,449 610
Total deferred credits and other liabilities 19,997 18,392
Total liabilities [2] 32,810 32,048
Commitments and contingencies
Shareholders' equity    
Retained earnings 3,746 3,724
Accumulated other comprehensive loss, net (36) (38)
Member’s equity    
Membership interest 9,525 9,518
Total members' equity 13,235 13,204
Noncontrolling Interests 2,357 2,304
Total equity 15,592 15,508
Total liabilities and shareholders’ equity 48,402 47,556
Variable Interest Entity, Consolidated, Assets, Pledged 9,503 9,634
Variable Interest Entity, Consolidated, Liabilities, No Recourse 3,513 3,480
Commonwealth Edison Co [Member]    
Current Assets    
Cash and cash equivalents 65 135
Restricted cash and cash equivalents 77 29
Accounts receivable, net    
Customer 528 539
Other 268 320
Receivable from affiliates, current 20 20
Inventories, net    
Inventories, net 151 148
Regulatory assets, current 297 293
Other 76 86
Total current assets 1,482 1,570
Property, plant and equipment, net 22,527 22,058
Deferred debits and other assets    
Regulatory assets, noncurrent 1,391 1,307
Investments 6 6
Goodwill 2,625 2,625
Receivable from affiliates, noncurrent 2,458 2,217
Prepaid pension asset 1,046 1,035
Other 354 395
Total deferred debits and other assets 7,880 7,585
Total assets 31,889 31,213
Current Liabilities    
Short-term borrowings 303 0
Long-term debt due within one year 0 300
Accounts payable 478 607
Accrued expenses 305 373
Payable to affiliates, current 91 119
Customer deposits 114 111
Regulatory liabilities, current 186 293
Mark-to-market derivative liabilities, current 29 26
Other 126 96
Total current liabilities 1,632 1,925
Long-term debt 8,195 7,801
Long-term debt to financing trusts 205 205
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 3,929 3,813
Asset retirement obligations, noncurrent 119 118
Non-pension postretirement benefit obligations 191 201
Regulatory liabilities, noncurrent 6,322 6,050
Mark-to-market derivative liabilities, noncurrent 244 223
Other 592 630
Total deferred credits and other liabilities 11,397 11,035
Total liabilities 21,429 20,966
Commitments and contingencies
Shareholders' equity    
Common stock 1,588 1,588
Other paid-in capital 7,446 7,322
Retained deficit unappropriated (1,639) (1,639)
Retained earnings appropriated 3,065 2,976
Total shareholders’ equity 10,460 10,247
Member’s equity    
Total liabilities and shareholders’ equity 31,889 31,213
PECO Energy Co [Member]    
Current Assets    
Cash and cash equivalents 20 130
Restricted cash and cash equivalents 6 5
Accounts receivable, net    
Customer 302 321
Other 123 151
Inventories, net    
Fossil fuel and emission allowances 26 38
Materials and supplies 37 37
Prepaid utility taxes 69 0
Regulatory assets, current 52 81
Other 23 19
Total current assets 658 782
Property, plant and equipment, net 8,940 8,610
Deferred debits and other assets    
Regulatory assets, noncurrent 508 460
Investments 25 25
Receivable from affiliates, noncurrent 470 389
Prepaid pension asset 371 349
Other 30 27
Total deferred debits and other assets 1,404 1,250
Total assets 11,002 10,642
Current Liabilities    
Accounts payable 375 370
Accrued expenses 102 113
Payable to affiliates, current 55 59
Borrowings from Exelon/PHI intercompany money pool 52 0
Customer deposits 69 68
Regulatory liabilities, current 91 175
Other 40 24
Total current liabilities 784 809
Long-term debt 3,085 3,084
Long-term debt to financing trusts 184 184
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 1,999 1,933
Asset retirement obligations, noncurrent 27 27
Non-pension postretirement benefit obligations 289 288
Regulatory liabilities, noncurrent 500 421
Other 79 76
Total deferred credits and other liabilities 2,894 2,745
Total liabilities 6,947 6,822
Commitments and contingencies
Shareholders' equity    
Common stock 2,723 2,578
Retained earnings 1,332 1,242
Total shareholders’ equity 4,055 3,820
Member’s equity    
Total liabilities and shareholders’ equity 11,002 10,642
Baltimore Gas and Electric Company [Member]    
Current Assets    
Cash and cash equivalents 8 7
Restricted cash and cash equivalents 1 6
Accounts receivable, net    
Customer 278 353
Other 86 90
Receivable from affiliates, current 0 1
Inventories, net    
Fossil fuel and emission allowances 26 36
Materials and supplies 44 39
Prepaid utility taxes 0 74
Regulatory assets, current 164 177
Other 7 3
Total current assets 614 786
Property, plant and equipment, net 8,612 8,243
Deferred debits and other assets    
Regulatory assets, noncurrent 390 398
Investments 6 5
Prepaid pension asset 289 279
Other 95 5
Total deferred debits and other assets 780 687
Total assets 10,006 9,716
Current Liabilities    
Short-term borrowings 229 35
Accounts payable 279 295
Accrued expenses 103 155
Payable to affiliates, current 50 65
Customer deposits 120 120
Regulatory liabilities, current 36 77
Other 51 27
Total current liabilities 868 774
Long-term debt 2,877 2,876
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 1,301 1,222
Asset retirement obligations, noncurrent 24 24
Non-pension postretirement benefit obligations 198 201
Regulatory liabilities, noncurrent 1,162 1,192
Other 128 73
Total deferred credits and other liabilities 2,813 2,712
Total liabilities 6,558 6,362
Commitments and contingencies
Shareholders' equity    
Common stock 1,714 1,714
Retained earnings 1,734 1,640
Total shareholders’ equity 3,448 3,354
Member’s equity    
Total liabilities and shareholders’ equity 10,006 9,716
Pepco Holdings LLC [Member]    
Current Assets    
Cash and cash equivalents 54 124
Restricted cash and cash equivalents 37 43
Accounts receivable, net    
Customer 489 453
Other 196 177
Inventories, net    
Fossil fuel and emission allowances 5 9
Materials and supplies 195 163
Regulatory assets, current 496 489
Other 74 75
Total current assets 1,546 1,533
Property, plant and equipment, net 13,788 13,446
Deferred debits and other assets    
Regulatory assets, noncurrent 2,163 2,312
Investments 133 130
Goodwill 4,005 4,005
Prepaid pension asset 446 486
Deferred income taxes 13 12
Other 360 60
Total deferred debits and other assets 7,120 7,005
Total assets [3] 22,454 21,984
Current Liabilities    
Short-term borrowings 27 179
Long-term debt due within one year 118 125
Accounts payable 426 496
Accrued expenses 224 256
Payable to affiliates, current 86 94
Borrowings from Exelon/PHI intercompany money pool 3 0
Customer deposits 117 116
Regulatory liabilities, current 75 84
Unamortized energy contract liabilities, current 119 119
Other 133 123
Total current liabilities 1,328 1,592
Long-term debt 6,391 6,134
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 2,219 2,146
Asset retirement obligations, noncurrent 53 52
Non-pension postretirement benefit obligations 100 103
Regulatory liabilities, noncurrent 1,789 1,864
Unamortized energy contract liabilities, noncurrent 385 442
Other 617 369
Total deferred credits and other liabilities 5,163 4,976
Total liabilities [3] 12,882 12,702
Commitments and contingencies
Shareholders' equity    
Retained earnings 69 62
Member’s equity    
Membership interest 9,503 9,220
Total members' equity 9,572 9,282
Total equity 9,572 9,282
Total liabilities and shareholders’ equity 22,454 21,984
Variable Interest Entity, Consolidated, Assets, Pledged 23 33
Variable Interest Entity, Consolidated, Liabilities, No Recourse 55 69
Potomac Electric Power Company [Member]    
Current Assets    
Cash and cash equivalents 18 16
Restricted cash and cash equivalents 34 37
Accounts receivable, net    
Customer 254 225
Other 110 81
Receivable from affiliates, current 0 1
Receivable from Exelon/PHI intercompany money pool 38 0
Inventories, net    
Inventories, net 115 93
Regulatory assets, current 262 270
Other 10 37
Total current assets 841 760
Property, plant and equipment, net 6,623 6,460
Deferred debits and other assets    
Regulatory assets, noncurrent 601 643
Investments 108 105
Prepaid pension asset 306 316
Other 77 15
Total deferred debits and other assets 1,092 1,079
Total assets 8,556 8,299
Current Liabilities    
Short-term borrowings 0 40
Long-term debt due within one year 8 15
Accounts payable 175 214
Accrued expenses 114 126
Payable to affiliates, current 67 62
Customer deposits 55 54
Regulatory liabilities, current 7 7
Merger related obligation 38 38
Current portion of DC PLUG obligation 30 30
Other 23 42
Total current liabilities 517 628
Long-term debt 2,852 2,704
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 1,114 1,064
Asset retirement obligations, noncurrent 37 37
Non-pension postretirement benefit obligations 25 29
Regulatory liabilities, noncurrent 782 822
Other 313 275
Total deferred credits and other liabilities 2,271 2,227
Total liabilities 5,640 5,559
Commitments and contingencies
Shareholders' equity    
Common stock 1,765 1,636
Retained earnings 1,151 1,104
Total shareholders’ equity 2,916 2,740
Member’s equity    
Total liabilities and shareholders’ equity 8,556 8,299
Delmarva Power and Light Company [Member]    
Current Assets    
Cash and cash equivalents 3 23
Restricted cash and cash equivalents 1 1
Accounts receivable, net    
Customer 123 134
Other 43 46
Inventories, net    
Fossil fuel and emission allowances 5 9
Materials and supplies 46 37
Renewable energy credits 18 8
Regulatory assets, current 59 59
Other 2 19
Total current assets 300 336
Property, plant and equipment, net 3,893 3,821
Deferred debits and other assets    
Regulatory assets, noncurrent 224 231
Goodwill 8 8
Prepaid pension asset 178 186
Other 80 6
Total deferred debits and other assets 490 431
Total assets 4,683 4,588
Current Liabilities    
Long-term debt due within one year 91 91
Accounts payable 106 111
Accrued expenses 43 39
Payable to affiliates, current 25 33
Borrowings from Exelon/PHI intercompany money pool 38 0
Customer deposits 36 35
Regulatory liabilities, current 43 59
Other 16 7
Total current liabilities 398 375
Long-term debt 1,404 1,403
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 644 628
Non-pension postretirement benefit obligations 16 17
Regulatory liabilities, noncurrent 586 606
Other 113 50
Total deferred credits and other liabilities 1,359 1,301
Total liabilities 3,161 3,079
Commitments and contingencies
Shareholders' equity    
Common stock 914 914
Retained earnings 608 595
Total shareholders’ equity 1,522 1,509
Member’s equity    
Total liabilities and shareholders’ equity 4,683 4,588
Atlantic City Electric Company [Member]    
Current Assets    
Cash and cash equivalents 4 7
Restricted cash and cash equivalents 2 4
Accounts receivable, net    
Customer 112 95
Other 50 55
Receivable from affiliates, current 0 1
Inventories, net    
Inventories, net 34 33
Prepaid utility taxes 33 0
Regulatory assets, current 57 40
Other 7 5
Total current assets 299 240
Property, plant and equipment, net 3,093 2,966
Deferred debits and other assets    
Regulatory assets, noncurrent 374 386
Prepaid pension asset 60 67
Other 60 40
Total deferred debits and other assets 494 493
Total assets [4] 3,886 3,699
Current Liabilities    
Short-term borrowings 27 139
Long-term debt due within one year 19 18
Accounts payable 135 154
Accrued expenses 36 35
Payable to affiliates, current 21 28
Customer deposits 26 26
Regulatory liabilities, current 25 18
Other 10 4
Total current liabilities 299 422
Long-term debt 1,310 1,170
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 546 535
Non-pension postretirement benefit obligations 18 17
Regulatory liabilities, noncurrent 388 402
Other 44 27
Total deferred credits and other liabilities 996 981
Total liabilities [4] 2,605 2,573
Commitments and contingencies
Shareholders' equity    
Common stock 1,134 979
Retained earnings 147 147
Total shareholders’ equity 1,281 1,126
Member’s equity    
Total liabilities and shareholders’ equity 3,886 3,699
Variable Interest Entity, Consolidated, Assets, Pledged 19 23
Variable Interest Entity, Consolidated, Liabilities, No Recourse $ 51 $ 59
[1]
Exelon’s consolidated assets include $9,526 million and $9,667 million at June 30, 2019 and December 31, 2018, respectively, of certain VIEs that can only be used to settle the liabilities of the VIE. Exelon’s consolidated liabilities include $3,568 million and $3,548 million at June 30, 2019 and December 31, 2018, respectively, of certain VIEs for which the VIE creditors do not have recourse to Exelon. See Note 2Variable Interest Entities for additional information.
[2]
Generation’s consolidated assets include $9,503 million and $9,634 million at June 30, 2019 and December 31, 2018, respectively, of certain VIEs that can only be used to settle the liabilities of the VIE. Generation’s consolidated liabilities include $3,513 million and $3,480 million at June 30, 2019 and December 31, 2018, respectively, of certain VIEs for which the VIE creditors do not have recourse to Generation. See Note 2Variable Interest Entities for additional information.
[3]
PHI’s consolidated total assets include $23 million and $33 million at June 30, 2019 and December 31, 2018, respectively, of PHI's consolidated VIE that can only be used to settle the liabilities of the VIE. PHI’s consolidated total liabilities include $55 million and $69 million at June 30, 2019 and December 31, 2018, respectively, of PHI's consolidated VIE for which the VIE creditors do not have recourse to PHI. See Note 2Variable Interest Entities for additional information.
[4]
ACE’s consolidated total assets include $19 million and $23 million at June 30, 2019 and December 31, 2018, respectively, of ACE's consolidated VIE that can only be used to settle the liabilities of the VIE. ACE’s consolidated total liabilities include $51 million and $59 million at June 30, 2019 and December 31, 2018, respectively, of ACE's consolidated VIE for which the VIE creditors do not have recourse to ACE. See Note 2Variable Interest Entities for additional information.