ComEd 2013 Annual Report Download - page 94

•During2013,2012 and2011,Generation’s accountsreceivable from BGE increased(decreased) by $(4) million,$23 million and
$(13)million,respectively.
•During2013,2012 and2011,Generation hadnet paymentsofapproximately$36million,$114million and$3million,
respectively, relatedto purchasesandsalesofoptions. Thelevel ofoption activityinagiven year mayvarydue to several
factors, includingchangesinmarket conditionsaswell aschangesinhedgingstrategy.
ComEd
•During2013,2012 and2011,ComEd’s net payablesto Generation for energy purchasesrelatedto itssupplier forwardcontract,
ICC-approvedRFP contractsandfinancial swap contractsettlementsincreased(decreased) by $(16) million,$(15) million and
$12 million,respectively. During2013,2012 and2011,ComEd’s payablesto other energy suppliersfor energy purchases
increased(decreased) by $35million,$20 million and $(43)million,respectively.
•During2013,2012,and2012,ComEd received$53million,$37million and$63million,respectively, ofincremental cash
collateral from PJM due to variationsinitsenergy transmission activitylevels. AsofDecember 31,2013 andDecember 31,
2012,ComEd hadcash collateral remainingat PJM of$0Mand$53million,respectively.
PECO
•During2013,2012 and2011, PECO’s payablesto Generation for energy purchasesincreased(decreased) by $(17) million,$17
million and$(210)million,respectively, andpayablesto other energy suppliersfor energy purchasesincreased(decreased) by
$33 million,$(22)million and $97 million,respectively.
BGE
•During2013,2012 and2011, BGE’s payablesto Generation for energy purchasesincreased(decreased) by $(4) million,$23
million and$(13)million,respectively, andpayablesto other energy suppliersfor energy purchasesincreased(decreased) by $5
million,$40million and $(60)million,respectively.
Cash Flows from Investing Activities
Cash flows usedininvestingactivitiesfor 2013,2012,and2011 by Registrant were asfollows:
2013 2012 2011
Exelon (a)(c)(f) ........................................................................... $(5,394) $(4,576) $(4,603)
Generation (a)(c)(f) ....................................................................... (2,916) (2,629) (3,077)
ComEd ............................................................................... (1,387) (1,212)(1,007)
PECO ................................................................................ (531)(328) (557)
BGE (f) ............................................................................... (571) (573) (592)
Capital expendituresbyRegistrant for 2013,2012 and2011 andprojectedamountsfor 2014are asfollows:
Projected
2014 (b) 2013 2012 2011 (a)
Exelon (f) ..................................................................... $5,475 $5,395 $5,789 $4,042
Generation (c)(f) ................................................................ 2,400 2,7523,554 2,491
ComEd (d) ..................................................................... 1,775 1,433 1,246 1,028
PECO ........................................................................ 625537422 481
BGE (f) ........................................................................ 600 587 582592
Other (e)...................................................................... 75 86 8242
(a)Includes$387 million in 2011 relatedto acquisitions, principallyacquisition ofWolfHollow, Antelope ValleyandShootingStar.See Note 4oftheCombinedNotesto
ConsolidatedFinancial Statementsfor additional information.
(b) Total projectedcapital expendituresdo not includeadjustmentsfor non-cash activity.
(c) Includesnuclear fuel.
(d) Pursuant to EIMA,ComEd hascommittedto invest approximately$2.6 billion over a ten year periodto modernizeandstorm-harden its distribution systemandto
implement smart grid technology. ComEd expectsto file an updatedinvestment plan withtheICC in April,2014.
(e)Other primarilyconsistsofcorporate operationsand BSC.
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