ComEd 2013 Annual Report Download - page 235

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(c) PECO enteredinto variouscontractsfor the procurement ofelectric supplyto serveitsdefault servicecustomersthat expire between 2014and2015. PECO is
permittedto recover itselectric supplyprocurement costsfromdefault servicecustomerswithno mark-up inaccordancewithitsPAPUC-approved DSP Programs.
See Note 3—RegulatoryMattersfor additional information.
(d) PECO is subjecttorequirementsrelatedto theuseofalternative energy resourcesestablishedbytheAEPS Act.See Note 3—RegulatoryMattersfor additional
information.
(e) BGE enteredinto variouscontractsfor the procurement ofelectricitybeginning2013 through 2016. Thecostofpower under thesecontractsisrecoverable under
MDPSC approvedfuel clauses. See Note 3—RegulatoryMattersfor additional information.
(f) BGE hasenteredinto variouscontractswithcurtailment servicesprovidersrelatedto transactionsinPJM’s capacitymarket.See Note 3—RegulatoryMattersfor
additional information.
Fuel Purchase Obligations
Inaddition to the energy commitmentsdescribedabove,Generation hascommitmentsto purchasefuel suppliesfor nuclear and
fossilgeneration. PECO and BGE havecommitmentsto purchase natural gas, relatedtransportation,storagecapacityandservices
to servecustomersintheirgas distribution service territory. AsofDecember 31,2013,these net commitmentswere asfollows:
Total
Expiration within
2014 2015 2016 2017 2018
2019
and beyond
Generation ............................................ $8,490$1,212 $1,256 $1,040$1,044 $763$3,175
PECO ................................................ 507179 112 98 371566
BGE ................................................. 60912959575751256
Other Purchase Obligations
TheRegistrants’ other purchaseobligationsasofDecember 31,2013, which primarilyrepresent commitmentsfor services, materials
andinformation technology, are asfollows:
Total
Expiration within
2014 2015 2016 2017 2018
2019
and beyond
Exelon ....................................................... $262$61$34$32 $31 $26$78
Generation .................................................... 504170 131 45 4230 86
ComEd (a)..................................................... 122 88 5 5 5 5 14
PECO (a)...................................................... 4030 1 1 1 1 6
BGE (a)....................................................... 5344 252——
(a)Purchaseobligationsincludecommitmentsrelatedto smart meter installation.See Note 3 -RegulatoryMattersfor additional information.
Commercial Commitments
Exelon’s commercial commitmentsasofDecember 31,2013,representingcommitmentspotentiallytriggeredbyfuture events, were
asfollows:
Total
Expiration within
2014 2015 2016 2017 2018
2019
and beyond
Lettersofcredit(non-debt)(a).................................. $1,520 $1,217$298 $— $ 5 $— $ —
Suretybonds (b) ............................................. 339301 2 64125
Performanceguarantees(c) ................................... 1,107350———— 757
Energy marketingcontractguarantees(d) ........................ 3,1613,161———— —
Leaseguarantees(e)......................................... 44 — — — — — 44
Nuclear insurance premiums (f) ................................ 3,529 ————— 3,529
Total commercial commitments ................................ $9,700 $5,029$300 $6 $9 $1$4,355
(a)Lettersofcredit(non-debt)—Exelon andcertainofitssubsidiariesmaintain non-debt lettersofcredit to providecreditsupport for certain transactionsasrequestedby
thirdparties.
(b) Suretybonds—Guarantees issuedrelatedto contractandcommercial agreements, excluding bid bonds.
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