Exelon 2014 Annual Report Download - page 279

Combined Notes to Consolidated Financial Statements—(Continued)
(Dollars in millions, except per share data unless otherwise noted)
(h) Relates to the nuclear fuel procurement contracts for the purchase of fixed quantities of uranium, which was delivered to Generation on June 30, 2014 and
September 24, 2014. Generation is required to make payments starting June 30, 2016, with the final payment being due no later than June 30, 2018.
(i) See Note 14—Income Taxes for discussion of the like-kind exchange tax position.
DOE Smart Grid Investment Grant. For the year ended December 31, 2014, PECO has included in the capital expenditures line item
under investing activities of the cash flow statement capital expenditures of $2 million and reimbursements of $5 million related to
PECO’s DOE SGIG programs. For the year ended December 31, 2013, Exelon, PECO and BGE have included in the capital
expenditures line item under investing activities of the cash flow statement capital expenditures of $74 million, $27 million and $47
million, and reimbursements of $95 million, $37 million and $58 million, related to PECO’s and BGE’s DOE SGIG programs. See
Note 3—Regulatory Matters for additional information regarding the DOE SGIG.
Supplemental Balance Sheet Information
The following tables provide additional information about assets and liabilities of Exelon at December 31, 2014 and 2013.
December 31, 2014 2014 2013
Investments
Equity method investments:
Financing trusts (a) ............................................................................. $ 22 $ 22
Keystone Fuels, LLC ........................................................................... — 32
Conemaugh Fuels, LLC ......................................................................... — 21
CENG ....................................................................................... — 1,925
Safe Harbor .................................................................................. — 285
Malacha ...................................................................................... — 8
Bloom Energy ................................................................................. 13 —
Net Power .................................................................................... 9 —
Sunnyside .................................................................................... 5 —
Other equity method investments ................................................................. 1 2
Total equity method investments ................................................................. 50 2,295
Other investments:
Net investment in leases ........................................................................ 367 705
Employee benefit trusts and investments (b) ......................................................... 85 90
Other investments (c) ........................................................................... 42 22
Total investments .................................................................................. $544 $3,112
(a) Includes investments in affiliated financing trusts, which were not consolidated within the financial statements of Exelon and are shown as investments on the
Consolidated Balance Sheets. See Note 1—Significant Accounting Policies for additional information.
(b) The Registrants’ investments in these marketable securities are recorded at fair market value.
(c) Includes cost method and available-for-sale investments.
The following tables provide additional information about liabilities of the Registrants at December 31, 2014 and 2013.
December 31, 2014 2014 2013
Accrued expenses
Compensation-related accruals (a) ................................................................... $ 832 $ 683
Taxes accrued .................................................................................. 305 315
Interest accrued ................................................................................. 240 234
Severance accrued ............................................................................... 49 66
Other accrued expenses .......................................................................... 113
(b) 335(b)
Total accrued expenses ........................................................................... $1,539 $1,633
(a) Primarily includes accrued payroll, bonuses and other incentives, vacation and benefits.
(b) Includes $19 million and $228 million for amounts accrued related to Antelope Valley as of December 31, 2014 and December 31, 2013, respectively.
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