Exelon 2015 Annual Report Download - page 173

Table of Contents
(f) Represents commitments to purchase nuclear fuel, natural gas and related transportation, storage capacity and services, procure electric supply, and purchase AECs and
curtailment services.
(g) Primarily related to ComEd 20-year contracts for renewable energy and RECs beginning in June 2012. ComEd is permitted to recover its renewable energy and REC costs from
retail customers with no mark-up. The commitments represent the maximum settlements with suppliers for renewable energy and RECs under the existing contract terms. See Note
3—Regulatory Matters of Combined Notes to Consolidated Financial Statements for additional information.
(h) Represents the future estimated value at December 31, 2015 of the cash flows associated with all contracts, both cancellable and non-cancellable, entered into between the
Registrants and third-parties for the provision of services and materials, entered into in the normal course of business not specifically reflected elsewhere in this table. These
estimates are subject to significant variability from period to period.
(i) Represents commitments for Generation’s ongoing investments in renewables development, new natural gas and biomass generation construction. Amount includes $421 million
of remaining commitments related to the construction of new combined-cycle gas turbine units in Texas. Achievement of commercial operations related to this project is expected in
2017.
(j) Under their operating agreements with PJM, ComEd, PECO and BGE are committed to the construction of transmission facilities to maintain system reliability. These amounts
represent ComEd’s, PECO’s and BGE’s expected portion of the costs to pay for the completion of the required construction projects. See Note 3—Regulatory Matters of
Combined Notes to Consolidated Financial Statements for additional information.
(k) See Note 23—Commitments and Contingencies of the Combined Notes to Consolidated Financial Statements for further information regarding spent nuclear fuel obligations.
(l) These amounts represent Exelon’s expected contributions to its qualified pension plans. The projected contributions reflect a funding strategy of contributing the greater of $250
million until the qualified plans are fully funded on an accumulated benefit obligation basis, and the minimum amounts under ERISA to avoid benefit restrictions and at-risk status
thereafter. The remaining qualified pension plans’ contributions are generally based on the estimated minimum pension contributions required under ERISA and the Pension
Protection Act of 2006, as well as contributions necessary to avoid benefit restrictions and at-risk status. These amounts represent estimates that are based on assumptions that
are subject to change. The minimum required contributions for years after 2021 are not included. See Note 17—Retirement Benefits of the Combined Notes to Consolidated
Financial Statements for further information regarding estimated future pension benefit payments.

Payment due within
Total 2016
2017-
2018
2019-
2020
Due 2021
and beyond
All
Other
Long-term debt $ 8,898 $ 87 $ 849 $2,575 $ 5,387 $ —
Interest payments on long-term debt 5,452 424 792 684 3,552 —
Capital leases 21 4 8 9 — —
Operating leases 956 86 126 89 655 —
Purchase power obligations 1,692 506 717 212 257 —
Fuel purchase agreements 8,450 1,211 2,167 1,777 3,295 —
Other purchase obligations 2,193 928 392 225 648 —
Construction commitments 1,272 821 451 — —
Spent nuclear fuel obligation 1,021 — — — 1,021 —
Total contractual obligations $29,955 $4,067 $5,502 $5,571 $ 14,815 $—
(a) Interest payments are estimated based on final maturity dates of debt securities outstanding at December 31, 2015 and do not reflect anticipated future refinancing, early
redemptions or debt issuances. Variable rate interest obligations are estimated based on rates as of December 31, 2015.
(b) See Note 23—Commitments and Contingencies of the Combined Notes to Consolidated Financial Statements for further information regarding spent nuclear fuel obligations.
(c) Excludes Generation’s contingent operating lease payments associated with contracted generation agreements.
(d) Purchase power obligations include contingent operating lease payments associated with contracted generation agreements. Amounts presented represent Generation’s
expected payments under these arrangements at December 31, 2015. Expected payments include certain fixed capacity charges which may be reduced based on plant
availability. Expected payments exclude renewable PPA contracts that are contingent in nature.
(e) Represents commitments to purchase fuel supplies for nuclear and fossil generation.
166
(a)
(c)
(d)
(e)
(f)
(g)
(b)
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
The information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this information,
except to the extent such damages or losses cannot be limited or excluded by applicable law. Past financial performance is no guarantee of future results.