ComEd 2013 Annual Report Download - page 148

December 31, 2012
Current Noncurrent
Regulatory assets
Pension andother postretirement benefits ...................................................................... $304$3,673
Deferredincometaxes....................................................................................... 141,382
AMI programs .............................................................................................. 370
AMI meter events ........................................................................................... — 17
Under-recovered distribution servicecosts ...................................................................... 18191
Debtcosts................................................................................................. 1468
Fairvalue of BGE long-termdebt.............................................................................. — 256
Fairvalue of BGE supplycontracts ............................................................................ 77 12
Severance................................................................................................. 2928
Asset retirement obligations .................................................................................. — 90
MGP remediation costs ...................................................................................... 58 232
RTO start-up costs.......................................................................................... 32
Under-recoveredelectric universal servicefundcosts ............................................................. 11 —
Renewable energy .......................................................................................... 1849
Energy andtransmission programs ............................................................................ 43—
DSP Programcosts ......................................................................................... 13
DSP II Programcosts ....................................................................................... 12
Deferredstormcosts ........................................................................................ 36
Electric generation-relatedregulatoryasset ..................................................................... 1640
Rate stabilization deferral .................................................................................... 67 225
Energy efficiency anddemandresponse programs ............................................................... 56 126
Under-recoveredelectric revenue decoupling.................................................................... 5 —
Other ..................................................................................................... 23 25
Total regulatoryassets ...................................................................................... $764 $6,497
Current Noncurrent
Regulatory liabilities
Nuclear decommissioning .................................................................................... $— $2,397
Removal costs ............................................................................................. 97 1,406
Energy efficiency anddemandresponse programs ............................................................... 131 —
Electric distribution taxrepairs ................................................................................ 20 132
Gas distribution taxrepairs ................................................................................... 8 46
Over-recovereduncollectible accounts ......................................................................... 6 —
Energy andtransmission programs ............................................................................ 54 —
Over-recoveredgasuniversal servicefundcosts ................................................................. 3—
Over-recoveredAEPS costs .................................................................................. 2—
Revenue subjecttorefund ................................................................................... 40—
Over-recoveredgasrevenue decoupling........................................................................ 7 —
Total regulatoryliabilities ..................................................................................... $368 $3,981
Pension and other postretirement benefits. AsofDecember 31,2013,Exelon hadregulatoryassetsof$3,015million and
regulatoryliabilitiesof $45 million relatedto ComEd’s and BGE’s portion ofdeferredcostsassociatedwithExelon’s pension plans
andComEd’s, PECO’s and BGE’s portion ofdeferredcostsassociatedwithExelon’s other postretirement benefit plans. PECO’s
pension regulatoryrecoveryisbasedon cash contributionsandisnot includedintheregulatoryasset (liability) balances. The
regulatoryasset (liability) is amortizedin proportion to therecognition ofprior servicecosts(gains), transition obligationsand
actuarial losses(gains) attributable to Exelon’s pension andother postretirement benefit plansdeterminedbythecostrecognition
provisionsofthe authoritativeguidancefor pensionsandpostretirement benefits. ComEd, PECO and BGE will recover thesecosts
through base ratesasallowedintheirmostrecentlyapprovedregulatedrate orders. The pension andother postretirement benefit
regulatoryasset balanceincludesaregulatoryasset establishedat thedate ofthemerger relatedto BGE’s portion ofthedeferred
costsassociatedwithlegacy Constellation’s pension andother postretirement benefit plans. TheBGE-relatedregulatoryasset is
beingamortizedover a periodofapproximately12 years, which generallyrepresentstheexpectedaverageremainingservice period
ofplan participantsat thedate ofthemerger.See Note 16—Retirement Benefitsfor additional detail.No return is earnedon
Exelon’s regulatoryasset.
142