Exelon 2015 Annual Report Download - page 132

Table of Contents
were greater in 2014 as compared to 2013, the larger capacity units were online for more days in 2014. Additionally, with the addition of the CENG
nuclear facilities there were more days offline in 2014 associated with units where Exelon’s ownership percentage diminishes the impact on
capacity factor. For 2014 and 2013, planned refueling outage days totaled 275 and 233, respectively, and non-refueling outage days totaled 92 and
75, respectively.
Operating and Maintenance Expense
The changes in operating and maintenance expense for 2015 compared to 2014, consisted of the following:
Increase
(Decrease)
Impairment and related charges of certain generating assets $ (651)
Maryland merger commitments (44)
Merger and integration costs (28)
Midwest Generation bankruptcy charges (14)
Decrease in asbestos bodily injury reserve (12)
ARO update 8
Regulatory fees and assessments 10
Pension and non-pension postretirement benefits expense 15
Corporate allocations 16
Accretion expense 18
Nuclear refueling outage costs, including the co-owned Salem plant 64
Labor, other benefits, contracting and materials 323
Other 37
Decrease in operating and maintenance expense $ (258)
(a) On April 1, 2014, Generation assumed operational control of CENG’s nuclear fleet. As a result, the operating results include CENG’s results of operations on a fully consolidated
basis from April 1, 2014 through December 31, 2014 and for the entire year in 2015.
(b) Primarily relates to impairments of certain generating assets held-for-sale, Upstream assets, and wind generating assets during 2014 that did not reoccur in 2015.
(c) Reflects an increased share of corporate allocated costs primarily due to the inclusion of CENG beginning April 1, 2014.
(d) Reflects the unfavorable impacts of increased nuclear outages in 2015.
(e) Reflects an increase of labor, other benefits, contracting and materials costs primarily due to the inclusion of CENG on a fully consolidated basis in 2015. Also includes cost of
sales of our other business activities that are not allocated to a region.
The changes in operating and maintenance expense for 2014 compared to 2013, consisted of the following:
Increase
(Decrease)
Impairment and related charges of certain generating assets $ 506
Labor, other benefits, contracting and materials 361
Accretion expense 78
Corporate allocations 69
Regulatory fees and assessments 51
Maryland merger commitments 44
Nuclear refueling outage costs, including the co-owned Salem plant 54
Increase in asbestos bodily injury reserve 16
Midwest Generation bankruptcy charges (26)
ARO update (29)
Merger and integration costs (29)
Pension and non-pension postretirement benefits expense (81)
Other 18
Increase in operating and maintenance expense $ 1,032
125
(a)
(b)
(c)
(d)
(e)
(a)
(b)
(c)
(d)
(e)
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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