ComEd 2013 Annual Report Download - page 165

9. Jointly Owned Electric Utility Plant
Exelon,Generation, PECO and BGE’s undividedownershipinterestsinjointlyownedelectric plantsandtransmission facilitiesat
December 31,2013 and2012 were asfollows:
Nuclear generation Fossil fuel generation Transmission Other
Quad Cities
Peach
Bottom Salem (a) Keystone (b) Conemaugh (b) Wyman PA (c) DE/NJ (d) Other (e)
Operator Generation Generation PSEG Nuclear GenOnGenOnFP&L FirstEnergy PSEG
Ownershipinterest.......... 75.00%50.00%42.59% 41.98% 31.28% 5.89% Various42.55% 44.24%
Exelon’s share at
December 31, 2013:
Plant (f) ................... $ 941$883$501 $725$399 $ 3$14 $ 64 $ 2
Accumulateddepreciation (f) .. 226326134268 220 3 7341
Construction work
in progress .............. 27174 246 121 ————
Exelon’s share at
December 31, 2012:
Plant (f) ................... $ 874 $ 796 $ 494 $ 624$322 $3$13 $65$ 1
Accumulated
depreciation (f) ........... 187 302 119153158 3733 —
Construction work
in progress .............. 44 11511 10 57 — 1——
(a)Generation alsoownsa proportionate share inthefossilfuel combustion turbine at Salem, which is fullydepreciated. Thegross bookvalue was$3million at
December 31,2013 and2012.
(b) Generation’s ownershipinterestinKeystone andConemaugh hasincreasedasaresult ofExelon’s merger withConstellation in 2012.See Note 4—Merger and
Acquisitionsfor additional information.
(c) PECO and BGE owna22%and7%share,respectively, in127milesof500 kV lineslocatedinPennsylvania; PECO and BGE alsoowna20.7% and10.56% share,
respectively, ofa500 kV substation immediatelyoutsideoftheConemaugh fossilgeneratingstation which suppliespower to the500 kV linesincluding, but not
limitedto,thelinesnotedabove.
(d) PECO ownsa42.55% share in 131 milesof500 kV lineslocatedinDelaware andNewJerseyaswell asa42.55% share ina500kV substation immediatelyoutside
oftheSalemnuclear generatingstation inNewJersey which suppliespower to the500kV linesincluding, but not limitedto,thelinesnotedabove.
(e)Generation hasa44.24% ownershipinterestinMerrill CreekReservoirlocatedinNewJersey.
(f) Excludesasset retirement costs.
Exelon’s, Generation’s, PECO’s and BGE’s undividedownershipinterestsare financedwiththeirfunds andall operationsare
accountedfor asifsuch participatinginterestswere whollyownedfacilities. Exelon’s, Generation’s, PECO’s and BGE’s share of
directexpensesofthejointlyownedplantsare includedinfuel andoperatingandmaintenanceexpenseson Exelon’s and
Generation’s ConsolidatedStatementsofOperationsandin operatingandmaintenanceexpenseson PECO’s and BGE’s
ConsolidatedStatementsofOperations.
10. Intangible Assets
Goodwill
Exelon’s andComEd’s gross amount ofgoodwill,accumulatedimpairment lossesandcarryingamount ofgoodwill for theyears
endedDecember 31,2013 and2012 were asfollows:
Gross
Amount (a)
Accumulated
Impairment
Losses
Carrying
Amount
Balance,January1,2012 ......................................................... $4,608$1,983$2,625
Impairment losses ............................................................... — — —
Balance,December 31,2013 ...................................................... $4,608$1,983$2,625
(a)Reflectsgoodwill recordedin 2000 fromthePECO/Unicom(predecessor parent companyofComEd) merger net ofamortization,resolution oftaxmattersandother
non-impairment-relatedchangesasallowedunder previousauthoritativeguidance.
Goodwill is not amortized, but is subjecttoanassessment for impairment at least annually, or more frequentlyifeventsoccur or
circumstanceschangethat wouldmore likelythan not reducethefairvalue oftheComEd reportingunitbelowitscarryingamount.
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