Exelon 2015 Annual Report Download - page 311

Table of Contents
Combined Notes to Consolidated Financial Statements—(Continued)
(Dollars in millions, except per share data unless otherwise noted)
Other Intangible Assets
Exelon’s, Generation’s and ComEd’s other intangible assets and liabilities, included in Unamortized energy contract assets and liabilities and
Other deferred debits and other assets in their Consolidated Balance Sheets, consisted of the following as of December 31, 2015:
Weighted
Average
Amortization
Years Gross
Accumulated
Amortization Net
Estimated amortization expense
2016 2017 2018 2019 2020
Exelon
Software License Agreement 10.0 $ 95 $ (6) $ 89 $ 10 $ 10 $ 10 $ 10 $ 10
Generation

Exelon Wind 18.0 224 (69) 155 14 14 14 14 10
Antelope Valley 25.0 190 (20) 170 8 8 8 8 8
Constellation 1.5 1,499 (1,473) 26 (33) (21) 11 8 10
CENG 1.7 (97) 48 (49) (11) (15) (18) (15) (8)
Integrys 2.4 5 2 7 5 1 1 — —

Constellation 12.4 214 (76) 138 18 18 18 17 17
Integrys 10.0 50 (6) 44 5 5 5 5 5

Constellation 10.0 243 (103) 140 23 23 23 23 23
ComEd
Chicago settlement—1999 agreement 21.8 100 (83) 17 3 3 3 4 4
Chicago settlement—2003 agreement 17.9 62 (44) 18 4 4 4 3 3
Total intangible assets $2,585 $ (1,830) $755 $ 46 $ 50 $ 79 $ 77 $ 82
(a) On May 31, 2015, Exelon entered into a long-term software license agreement. Exelon is required to make payments starting August 2015 through May 2024. The intangible
asset recognized as a result of these payments is being amortized on a straight-line basis over the contract term.
(b) Includes unamortized energy contract assets and liabilities on Exelon’s and Generation’s Consolidated Balance Sheets. Excludes $44 million of other miscellaneous unamortized
energy contracts that have been acquired at various points in time. The estimated amortization for these miscellaneous unamortized energy contracts is $3 million, $0 million, $2
million, $3 million and $4 million for 2016, 2017, 2018, 2019 and 2020, respectively.
(c) In December 2010, Generation acquired all of the equity interests of John Deere Renewables, LLC (later named Exelon Wind), adding 735MWs of installed, operating wind
capacity located in eight states.
(d) In September 2011, Generation acquired all of the interest in Antelope Valley Solar Ranch One, a 242 MW solar project under development in northern Los Angeles County, CA
from First Solar, Inc.
(e) On March 12, 2012, Constellation merged into Exelon with Exelon continuing as the surviving corporation pursuant to the transactions contemplated by the Agreement and Plan
of Merger. Since the merger transaction, Generation includes the former Constellation generation and customer supply operations.
(f) See Note 5—Investment in Constellation Energy Nuclear Group, LLC for additional information.
(g) See Note 4—Mergers, Acquisitions, and Dispositions for additional information.
(h) Excludes $12 million of other miscellaneous customer relationships that have been acquired. The estimated amortization for these miscellaneous customer relationships is $1
million in each of the years from 2016 to 2020.
(i) In March 1999, ComEd entered into a settlement agreement with the City of Chicago associated with ComEd’s franchise agreement. Under the terms of the settlement, ComEd
agreed to make payments to the City of Chicago each year from
304
(k)
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(e)
(g)
(e)
(i)
(j)
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.