Exelon 2014 Annual Report Download - page 284

Combined Notes to Consolidated Financial Statements—(Continued)
(Dollars in millions, except per share data unless otherwise noted)
25. Related Party Transactions
The financial statements of Exelon include related party transactions as presented in the tables below:
For the Years Ended
December 31,
2014 2013 2012
Operating revenues from affiliates:
PECO (a) ............................................................................. $ 1 $ 10 $ 6
CENG (b) ............................................................................. 17 56 42
BGE (a) ............................................................................... 5 4 —
Total operating revenues from affiliates .................................................... $ 23 $ 70 $ 48
Purchase power and fuel from affiliates:
CENG (c) .............................................................................. $282 $ 992 $ 793
Keystone Fuels, LLC (d) ................................................................. 138 144 119
Conemaugh Fuels, LLC (d) ............................................................... 99 98 101
Safe Harbor Water Power Corp (d) ........................................................ 12 22 23
Total purchase power and fuel from affiliates ................................................ $531 $1,256 $1,036
Interest expense to affiliates, net:
ComEd Financing III .................................................................... $ 13 $ 13 $ 13
PECO Trust III ........................................................................ 6 6 6
PECO Trust IV ........................................................................ 6 6 6
BGE Capital Trust II (f) .................................................................. 16 16 12
Total interest expense to affiliates, net ..................................................... $ 41 $ 41 $ 37
Earnings (losses) in equity method investments:
CENG (e) ............................................................................. $(19) $ 9 $ (99)
Qualifying facilities and domestic power projects ............................................ (1) 1 8
Total earnings (losses) in equity method investments ......................................... $(20) $ 10 $ (91)
December 31,
2014 2013
Receivables from affiliates (current):
CENG (b) ....................................................................................... $— $ 3
Payables to affiliates (current):
CENG (c) ....................................................................................... $— $ 85
ComEd Financing III ............................................................................. 4 4
PECO Trust III .................................................................................. 1 1
BGE Capital Trust II ............................................................................. 3 4
Keystone Fuels, LLC (d) ........................................................................... — 12
Conemaugh Fuels, LLC (d) ........................................................................ — 9
Other .......................................................................................... — 1
Total payables to affiliates (current) ................................................................. $ 8 $116
Long-term debt due to financing trusts:
ComEd Financing III ............................................................................. $206 $206
PECO Trust III .................................................................................. 81 81
PECO Trust IV .................................................................................. 103 103
BGE Capital Trust II ............................................................................. 258 258
Total long-term debt due to financing trusts .......................................................... $648 $648
(a) The intersegment profit associated with the sale of certain products and services by and between Exelon’s segments is not eliminated in
consolidation due to the recognition of intersegment profit in accordance with regulatory accounting guidance. For Exelon, these amounts are
included in operating revenues in the Consolidated Statement of Operations. See Note 3—Regulatory Matters for additional information.
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