Exelon 2015 Annual Report Download - page 28

Table of Contents
Through the ICC, ComEd is obligated to deliver electricity to customers in their respective service territories and also retain significant
default service obligations (referred to as POLR) to provide electricity to certain groups of customers in their respective service areas who do not
choose a competitive electric generation supplier. Through the PAPUC and MDPSC, PECO and BGE, respectively, are obligated to deliver
electricity and natural gas to customers in their respective service territories and also retain significant default service obligations (referred to as
DSP and SOS for electric and PGC and MBR for natural gas, respectively) to provide electricity or natural gas to certain groups of customers in
their respective service areas who do not choose a competitive electric generation supplier or a competitive natural gas supplier. ComEd is
permitted to recover electric costs, and PECO and BGE are permitted to recover electric and natural gas procurement costs from retail customers.
Therefore, fluctuations in electric and natural gas procurement costs have no impact on electric and natural gas revenue net of purchased power
and fuel expense.
ComEd customers have the choice to purchase electricity, and PECO and BGE customers have the choice to purchase electricity and
natural gas from competitive electric generation and natural gas suppliers. The customer’s choice of suppliers does not impact the volume of
deliveries, but affects revenues collected from customers related to supplied energy and natural gas service. Customer choice program activity
has no impact on electric and gas revenue net of purchased power and fuel expense. For those customers that choose a competitive electric
generation or natural gas supplier, ComEd, PECO and BGE may act as the billing agent but do not record revenues or purchased power and fuel
expense related to the electric and natural gas procurement costs. ComEd, PECO and BGE remain the distribution service providers for all
customers in their respective service territories and charge a regulated rate for distribution service.
Retail customers participating in customer choice programs, and retail deliveries purchased from competitive electric generation and natural
gas suppliers (as a percentage of GWh and mmcf sales, respectively) for ComEd, PECO and BGE consisted of the following at December 31,
2015, 2014 and 2013:
December 31, 2015
Number of retail customers % of total retail customers
Deliveries as a % of retail sales
(for the year ended)
Electric Natural gas Electric Natural gas Electric Natural gas
ComEd 1,655,400 n/a 42% n/a 76% n/a
PECO 563,400 81,100 35% 16% 70% 25%
BGE 343,000 154,000 27% 23% 61% 56%
December 31, 2014
Number of retail customers % of total retail customers
Deliveries as a % of retail sales
(for the year ended)
Electric Natural gas Electric Natural gas Electric Natural gas
ComEd 2,426,900 n/a 63% n/a 80% n/a
PECO 546,900 78,400 34% 16% 70% 22%
BGE 364,000 161,000 29% 25% 60% 53%
December 31, 2013
Number of retail customers % of total retail customers
Deliveries as a % of retail sales
(for the year ended)
Electric Natural gas Electric Natural gas Electric Natural gas
ComEd 2,630,200 n/a 68% n/a 81% n/a
PECO 531,500 66,400 34% 13% 68% 19%
BGE 399,000 172,000 32% 26% 61% 54%
(a) In September 2015, the City of Chicago discontinued its participation in the customer choice program and began purchasing its electricity from ComEd. Approximately 670,000
customers were impacted by the City of Chicago’s decision which resulted in the reduction in the number of customers participating in customer choice programs in 2015.
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(a)
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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