Property, Plant and Equipment (All Registrants)

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment (All Registrants)

Property, Plant, and Equipment (All Registrants)

The following tables present a summary of property, plant, and equipment by asset category at December 31, 2024 and 2023:

Asset Category	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
December 31, 2024
Electric—transmission and distribution	$	79,283	$	36,493	$	12,234	$	11,131	$	21,130	$	13,593	$	6,086	$	5,947
Gas—transportation and distribution	9,599		—		4,247		4,796		821		—		976		—
Common—electric and gas	2,630		—		1,064		1,385		272		—		241		—
Construction work in progress	4,306		1,219		813		779		1,472		1,002		275		187
Other property, plant, and equipment(a)	809		118		76		48		86		24		37		30
Total property, plant, and equipment	96,627		37,830		18,434		18,139		23,781		14,619		7,615		6,164
Less: accumulated depreciation	18,445		7,619		4,042		5,005		3,728		4,522		2,075		1,798
Property, plant, and equipment, net	$	78,182	$	30,211	$	14,392	$	13,134	$	20,053	$	10,097	$	5,540	$	4,366
December 31, 2023
Electric—transmission and distribution	$	74,102	$	34,834	$	11,295	$	10,537	$	19,153	$	12,429	$	5,590	$	5,659
Gas—transportation and distribution	8,818		—		3,905		4,428		748		—		905		—
Common—electric and gas	2,510		—		1,083		1,275		243		—		211		—
Construction work in progress	4,589		1,369		879		561		1,762		1,226		345		189
Other property, plant and equipment(a)	825		107		63		45		120		59		39		28
Total property, plant and equipment	90,844		36,310		17,225		16,846		22,026		13,714		7,090		5,876
Less: accumulated depreciation	17,251		7,222		4,097		4,744		3,175		4,284		1,925		1,684
Property, plant, and equipment, net	$	73,593	$	29,088	$	13,128	$	12,102	$	18,851	$	9,430	$	5,165	$	4,192

__________

(a)Primarily composed of land and non-utility property.

The following table presents the average service life for each asset category in number of years:

	Average Service Life (years)
Asset Category	Exelon	ComEd	PECO	BGE	PHI	Pepco	DPL	ACE
Electric - transmission and distribution	5-80	5-80	5-70	5-80	5-75	5-75	5-75	5-75
Gas - transportation and distribution	5-80	N/A	5-70	5-80	5-75	N/A	5-75	N/A
Common - electric and gas	4-75	N/A	5-55	4-50	5-75	N/A	5-75	N/A
Other property, plant, and equipment	4-61	29-50	50	20-50	10-43	10-33	10-43	10-43

The following table presents the annual depreciation rates for each asset category.

	Annual Depreciation Rates
	Exelon	ComEd	PECO	BGE	PHI	Pepco	DPL	ACE
December 31, 2024
Electric—transmission and distribution	2.83%	3.06%	2.30%	2.55%	2.87%	2.49%	2.99%	3.41%
Gas—transportation and distribution	2.12%	N/A	1.96%	2.42%	1.38%	N/A	1.38%	N/A
Common—electric and gas	7.00%	N/A	6.73%	7.81%	4.82%	N/A	6.14%	N/A
December 31, 2023
Electric—transmission and distribution	2.90%	3.02%	2.30%	2.89%	3.03%	2.51%	3.29%	3.66%
Gas—transportation and distribution	2.15%	N/A	1.85%	2.56%	1.44%	N/A	1.44%	N/A
Common—electric and gas	7.77%	N/A	6.87%	8.68%	7.18%	N/A	8.79%	N/A
December 31, 2022
Electric—transmission and distribution	2.87%	3.00%	2.29%	2.82%	2.96%	2.58%	3.08%	3.38%
Gas—transportation and distribution	2.14%	N/A	1.87%	2.53%	1.45%	N/A	1.45%	N/A
Common—electric and gas	7.54%	N/A	6.31%	8.20%	8.96%	N/A	10.03%	N/A

AFUDC

The following table summarizes credits to AFUDC by year:

	For the Years Ended December 31,
	2024		2023		2022
Exelon	$	251	$	256	$	215
ComEd	75		72		54
PECO	48		46		42
BGE	39		25		29
PHI	89		113		90
Pepco	62		85		69
DPL	19		16		10
ACE	8		12		11

See Note 1 — Significant Accounting Policies for additional information regarding property, plant and equipment policies. See Note 16 — Debt and Credit Agreements for additional information regarding Exelon’s, ComEd’s, PECO's, Pepco's, DPL's, and ACE’s property, plant and equipment subject to mortgage liens.