XML 41 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Operations and Comprehensive Income (Unaudited) - Exelon - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating revenues    
Revenues from alternative revenue programs $ (126) $ 106
Total operating revenues 6,714 6,043
Operating expenses    
Operating and maintenance 1,347 1,271
Depreciation and amortization 903 879
Taxes other than income taxes 405 371
Total operating expenses 5,177 4,931
(Loss) gain on sale of assets (1) 2
Operating income 1,536 1,114
Other income and (deductions)    
Interest expense, net (504) (462)
Other, net 52 75
Total other income and (deductions) (458) (393)
Income (Loss) before income taxes 1,078 721
Income taxes 170 63
Net income attributable to common shareholders 908 658
Net income 908 658
Other comprehensive income, net of income taxes    
Actuarial losses reclassified to periodic benefit cost 5 5
Pension and non-pension postretirement benefit plans valuation adjustments 5 (24)
Unrealized (loss) gain on cash flow hedges (8) 33
Other comprehensive income 2 14
Comprehensive income $ 910 $ 672
Average shares of common stock outstanding:    
Basic average shares of common stock outstanding (in shares) 1,008 1,000
Assumed exercise and/or distributions of stock-based awards (in shares) [1] 1 1
Diluted average shares of common stock outstanding (in shares) 1,009 1,001
Earnings Per Share [Abstract]    
Earnings Per Share, Basic $ 0.90 $ 0.66
Earnings Per Share, Diluted $ 0.90 $ 0.66
Potomac Electric Power Company    
Operating revenues    
Revenues from alternative revenue programs $ 2 $ 29
Total operating revenues 859 759
Operating expenses    
Operating and maintenance 96 86
Depreciation and amortization 105 107
Taxes other than income taxes 113 102
Total operating expenses 695 640
(Loss) gain on sale of assets (1) 0
Operating income 163 119
Other income and (deductions)    
Interest expense, net (52) (45)
Other, net 11 15
Total other income and (deductions) (41) (30)
Income (Loss) before income taxes 122 89
Income taxes 25 14
Net income 97 75
Delmarva Power and Light Company    
Operating revenues    
Revenues from alternative revenue programs (5) 4
Total operating revenues 548 491
Operating expenses    
Operating and maintenance 60 51
Depreciation and amortization 63 61
Taxes other than income taxes 21 20
Total operating expenses 437 391
Operating income 111 100
Other income and (deductions)    
Interest expense, net (25) (22)
Other, net 4 5
Total other income and (deductions) (21) (17)
Income (Loss) before income taxes 90 83
Income taxes 21 17
Net income 69 66
Pepco Holdings LLC    
Operating revenues    
Revenues from alternative revenue programs (3) 46
Total operating revenues 1,778 1,606
Operating expenses    
Operating and maintenance 296 274
Depreciation and amortization 234 246
Taxes other than income taxes 140 128
Total operating expenses 1,445 1,335
(Loss) gain on sale of assets (1) 0
Operating income 332 271
Other income and (deductions)    
Interest expense, net (99) (90)
Other, net 19 27
Total other income and (deductions) (81) (63)
Income (Loss) before income taxes 251 208
Income taxes 57 40
Net income 194 168
Other comprehensive income, net of income taxes    
Comprehensive income 194 168
Related Party    
Other income and (deductions)    
Interest expense to affiliates, net (6) (6)
Related Party | Potomac Electric Power Company    
Operating expenses    
Operating and maintenance from affiliates 63 64
Related Party | Delmarva Power and Light Company    
Operating expenses    
Operating and maintenance from affiliates 46 44
Related Party | Pepco Holdings LLC    
Operating expenses    
Operating and maintenance from affiliates 53 51
Other income and (deductions)    
Interest expense to affiliates, net (1) 0
Electricity, US Regulated    
Operating revenues    
Electric operating revenues 5,816 5,198
Operating expenses    
Purchased power and/or fuel 2,184 2,197
Electricity, US Regulated | Potomac Electric Power Company    
Operating revenues    
Electric operating revenues 855 728
Operating expenses    
Purchased power and/or fuel 318 281
Electricity, US Regulated | Delmarva Power and Light Company    
Operating revenues    
Electric operating revenues 463 413
Operating expenses    
Purchased power and/or fuel 209 186
Electricity, US Regulated | Pepco Holdings LLC    
Operating revenues    
Electric operating revenues 1,691 1,485
Operating expenses    
Purchased power and/or fuel 684 607
Natural Gas, US Regulated    
Operating revenues    
Electric operating revenues 1,024 739
Operating expenses    
Purchased power and/or fuel 338 213
Natural Gas, US Regulated | Delmarva Power and Light Company    
Operating revenues    
Electric operating revenues 88 72
Operating expenses    
Purchased power and/or fuel 38 29
Natural Gas, US Regulated | Pepco Holdings LLC    
Operating revenues    
Electric operating revenues 88 72
Operating expenses    
Purchased power and/or fuel $ 38 $ 29
[1] The dilutive effects of stock-based compensation awards are calculated using the treasury stock method for all periods presented.