Exelon 2014 Annual Report Download - page 146

Combined Notes to Consolidated Financial Statements—(Continued)
(Dollars in millions, except per share data unless otherwise noted)
Assets and Liabilities of Consolidated VIEs
Included within the consolidated VIE table above are assets and liabilities of certain consolidated VIEs for which the assets can only
be used to settle obligations of those VIEs, and liabilities that creditors, or beneficiaries, do not have recourse to the general credit of
the Registrants. As of December 31, 2014 and 2013, these assets and liabilities primarily consisted of the following:
December 31,
2014 2013
Cash and cash equivalents ........................................................................ $ 392 $ 62
Restricted cash .................................................................................. 117 80
Accounts receivable, net ..........................................................................
Customer ................................................................................... 297 260
Other ...................................................................................... 57 —
Mark-to-market derivatives assets .................................................................. 171 21
Inventory .......................................................................................
Materials and supplies ........................................................................ 172 —
Other current assets .............................................................................. 33 34
Total current assets .......................................................................... 1,239 457
Property, plant and equipment, net .................................................................. 4,638 1,171
Nuclear decommissioning trust funds ................................................................ 2,097 —
Goodwill ........................................................................................ 47 —
Mark-to-market derivatives assets .................................................................. 44 —
Other noncurrent assets ........................................................................... 95 127
Total noncurrent assets ....................................................................... 6,921 1,298
Total assets ................................................................................. $8,160 $1,755
Long-term debt due within one year ................................................................. $ 87 $ 85
Accounts payable ................................................................................ 292 170
Accrued expenses ............................................................................... 111 26
Mark-to-market derivative liabilities .................................................................. 24 29
Unamortized energy contracts (liabilities) ............................................................. 22 5
Other current liabilities ............................................................................ 25 5
Total current liabilities ......................................................................... 561 320
Long-term debt .............................................................................. 212 298
Asset retirement obligations .................................................................... 1,763 —
Pension obligation(a) .......................................................................... 9 —
Unamortized energy contracts (liabilities) ......................................................... 51 28
Other noncurrent liabilities ..................................................................... 127 12
Noncurrent liabilities ...................................................................... 2,162 338
Total liabilities ........................................................................... $2,723 $ 658
(a) Includes the CNEG Retail Gas’ pension obligation, which is presented as a net asset balance within the Prepaid Pension asset line item on Generation’s balance
sheet. See Note 16—Retirement Benefits for additional details.
Unconsolidated Variable Interest Entities
Exelon’s and Generation’s variable interests in unconsolidated VIEs generally include equity investments and energy purchase and
sale contracts. For the equity investments, the carrying amount of the investments is reflected on Exelon’s Consolidated Balance
Sheets in Investments and Other assets. For the energy purchase and sale contracts and the fuel purchase commitments
(commercial agreements), the carrying amount of assets and liabilities in Exelon’s Consolidated Balance Sheets that relate to their
involvement with the VIEs are predominately related to working capital accounts and generally represent the amounts owed by, or
owed to, Exelon and Generation for the deliveries associated with the current billing cycles under the commercial agreements.
Further, Exelon and Generation have not provided material debt or equity support, liquidity arrangements or performance guarantees
associated with these commercial agreements.
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