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Summary฀Annual฀Report
Summary฀of฀Earnings฀and฀Financial฀Condition
December฀31,฀
in฀millions฀ 2008฀ 2007(b)฀฀ 2006(b)฀฀ 2005(b)฀฀ 2004(b)฀
Balance฀Sheet฀data:
Current฀assets฀ $฀ 5,368฀ $฀ 4,580฀ $฀ 4,214฀ $฀ 3,886฀ $฀ 3,578
Property,฀plant฀and฀equipment,฀net฀฀ ฀ 25,813฀ ฀ 24,153฀ ฀ 22,775฀ ฀ 21,981฀ ฀ 21,482
Noncurrent฀regulatory฀assets฀ ฀ 5,940฀ ฀ 5,133฀ ฀ 5,808฀ ฀ 4,734฀ ฀ 5,076
Goodwill฀(a)฀ ฀ 2,625฀ ฀ 2,625฀ ฀ 2,694฀ ฀ 3,475฀ ฀ 4,705
Other฀deferred฀debits฀and฀other฀assets฀ ฀ 8,071฀ ฀ 8,870฀ ฀ 7,974฀ ฀ 7,910฀ ฀ 7,748
Total฀assets฀ $฀ 47,817฀ $฀ 45,361฀ $฀ 43,465฀ $฀ 41,986฀ $฀ 42,589
Current฀liabilities฀ $฀ 4,080฀ $฀ 5,629฀ $฀ 4,977฀ $฀ 5,839฀ $฀ 4,522
Long-term฀debt,฀including฀long-term฀debt฀to฀nancing฀trusts฀ ฀ 12,592฀ ฀ 11,965฀ ฀ 11,911฀ ฀ 11,760฀ ฀ 12,148
Noncurrent฀regulatory฀liabilities฀฀ ฀ 2,520฀ ฀ 3,301฀ ฀ 3,025฀ ฀ 2,518฀ ฀ 2,490
Other฀deferred฀credits฀and฀other฀liabilities฀ ฀ 17,491฀ ฀ 14,242฀ ฀ 13,458฀ ฀ 12,656฀ ฀ 13,811
Minority฀interest฀ ฀ –฀ ฀ –฀ ฀ –฀ ฀ 1฀ ฀ 42
Preferred฀securities฀of฀subsidiary฀฀ ฀ 87฀ ฀ 87฀ ฀ 87฀ ฀ 87฀ ฀ 87
Shareholders’฀equity฀ ฀ 11,047฀ ฀ 10,137฀ ฀ 10,007฀ ฀ 9,125฀ ฀ 9,489
Total฀liabilities฀and฀shareholders’฀equity฀ $฀ 47,817฀ $฀ 45,361฀ $฀ 43,465฀ $฀ 41,986฀ $฀ 42,589
(a)฀ The฀changes฀between฀2006฀and฀2005฀and฀between฀2005฀and฀2004฀were฀primarily฀due฀to฀the฀impact฀of฀the฀goodwill฀impairment฀charge฀of฀$776฀million฀and฀$1.2฀billion฀in฀2006฀and฀2005,฀respectively.฀
(b)฀Exelon฀and฀Generation฀retrospectively฀reclassied฀certain฀assets฀and฀liabilities฀in฀accordance฀with฀FIN฀39,฀“Offsetting฀of฀Amounts฀Related฀to฀Certain฀Contracts”,฀as฀amended฀by฀FSP฀FIN฀39-1,฀“Amendment฀of฀FASB฀Interpretation฀No.39.”
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