Exelon 2014 Annual Report Download - page 75

For the years ended December 31, 2014 compared to 2013 and December 31, 2013 compared to 2012, Generation’s revenue net of
purchased power and fuel expense by region were as follows:
2014 vs. 2013 2013 vs. 2012
2014 2013 Variance % Change 2012 (a) Variance % Change
Mid-Atlantic (b)(c)(g) .................................. $3,417 $3,270 $ 147 4.5% $3,433 $(163) (4.7)%
Midwest (d) ....................................... 2,594 2,586 8 0.3% 2,998 (412) (13.7)%
New England ..................................... 351 185 166 89.7% 196 (11) (5.6)%
New York (b)(g) ..................................... 483 (4) 487 n.m. 76 (80) (105.3)%
ERCOT .......................................... 317 436 (119) (27.3)% 405 31 7.7%
Other Regions (e) .................................. 327 201 126 62.7% 131 70 53.4%
Total electric revenue net of purchased power and fuel
expense ....................................... 7,489 6,674 815 12.2% 7,239 (565) (7.8)%
Proprietary Trading ................................ 42 (8) 50 n.m. (14) 6 42.9%
Mark-to-market gains (losses) ....................... (591) 504 (1,095) n.m. 515 (11) (2.1)%
Other (f) .......................................... 528 263 265 100.8% (364) 627 n.m.
Total revenue net of purchased power and fuel
expense ....................................... $7,468 $7,433 $ 35 0.5% $7,376 $ 57 0.8%
(a) Includes results for Constellation beginning on March 12, 2012, the date the merger was completed.
(b) On April 1, 2014, Generation assumed operational control of CENG’s nuclear fleet. As a result, the 2014 financial results include CENG’s results of operations on a
fully consolidated basis from April 1, 2014 through December 31, 2014.
(c) Results of transactions with PECO and BGE are included in the Mid-Atlantic region.
(d) Results of transactions with ComEd are included in the Midwest region.
(e) Other Regions includes South, West and Canada, which are not considered individually significant.
(f) Other represents activities not allocated to a region. See text above for a description of included activities. Also includes amortization of intangible assets related to
commodity contracts recorded at fair value of $124 million, $488 million, and $1,098 million pre-tax for the twelve months ended December 31, 2014, December 31,
2013, and December 31, 2012, respectively.
(g) Includes $113 million and $169 million of purchased power from CENG prior to its consolidation on April 1, 2014 in the Mid-Atlantic and New York regions,
respectively, for the year ended December 31, 2014. Includes $542 million and $450 million of purchased power from CENG in the Mid-Atlantic and New York
regions, respectively, for the year ended December 31, 2013. Includes $487 million and $306 million of purchased power from CENG in the Mid-Atlantic and New
York regions, respectively, for the year ended December 31, 2012. See Note 25—Related Party Transactions of the Combined Notes to Consolidated Financial
Statements for additional information.
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