Exelon 2015 Annual Report Download - page 174

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(f) 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.
(g) 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.

Payment due within
Total 2016
2017-
2018
2019-
2020
Due 2021
and beyond
All
Other
Long-term debt $ 6,765 $ 665 $1,265 $ 800 $ 4,035 $—
Interest payments on long-term debt 4,597 297 523 420 3,357 —
Liability and interest for uncertain tax positions 300 300 — — — —
Capital leases 8 — — — 8 —
Operating leases 37 14 14 8 1 —
Electric supply procurement 739 453 286 — — —
Long-term renewable energy and associated REC commitments 1,444 76 156 165 1,047 —
Other purchase obligations 699 565 94 39 1 —
PJM regional transmission expansion commitments 297 204 87 6 — —
Total contractual obligations $14,886 $2,574 $2,425 $1,438 $ 8,449 $—
(a) Includes $206 million due after 2021 to a ComEd financing trust.
(b) 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. Includes estimated interest payments due to the ComEd
financing trust.
(c) In the event of a fully successful IRS challenge to Exelon’s like-kind exchange position, Exelon would be required to either post a bond or pay the tax and interest for the tax
years before the court to appeal the decision. If an adverse decision is reached in 2016, the potential tax and after-tax interest, exclusive of penalties, that could become payable
may be as much as $860 million, of which approximately $300 million would be attributable to ComEd after consideration of Exelon’s agreement to hold ComEd harmless from any
unfavorable impacts of the after-tax interest amounts on ComEd’s equity, and the balance at Exelon. It is expected that Exelon’s remaining tax years affected by the litigation will
be settled following a final appellate decision which could take several years.
(d) 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.
(e) 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.
(f) Under its operating agreement with PJM, ComEd is committed to the construction of transmission facilities to maintain system reliability. These amounts represent ComEd’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.
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(a)
(b)
(c)
(d)
(e)
(f)
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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