Exelon 2015 Annual Report Download - page 259

Table of Contents
Combined Notes to Consolidated Financial Statements—(Continued)
(Dollars in millions, except per share data unless otherwise noted)
• Generation and EDF are the members-insured with Nuclear Electric Insurance Limited and have assigned the loss benefits under the
insurance and the NEIL premium costs to CENG and guarantee the obligations of CENG under these insurance programs in proportion
to their respective member interests (see Note 23—Commitments and Contingencies for more details), and
• Exelon has executed an agreement to provide up to $245 million to support the operations of CENG as well as a $165 million guarantee
of CENG’s cash pooling agreement with its subsidiaries.
For each of the consolidated VIEs, except as otherwise noted:
• the assets of the VIEs are restricted and can only be used to settle obligations of the respective VIE;
• Exelon, Generation and BGE did not provide any additional material financial support to the VIEs;
• Exelon, Generation and BGE did not have any material contractual commitments or obligations to provide financial support to the VIEs;
and
• the creditors of the VIEs did not have recourse to Exelon’s, Generation’s or BGE’s general credit.
As of December 31, 2015 and 2014, ComEd and PECO did not have any material consolidated VIEs.
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Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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