ComEd 2013 Annual Report Download - page 234

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At December 31,2013,Generation’s short-andlong-termcommitments, relatingto the purchasesfromunaffiliatedutilitiesand
othersofenergy, capacityandtransmission rights, are asindicatedinthefollowingtables:
Net Capacity
Purchases (a)
REC
Purchases (b)
Transmission Rights
Purchases (c)
Purchased Energy
from CENG Total
2014 ...................................... $ 412 $117$25$824$1,378
2015 ...................................... 367 110 13 —490
2016 ...................................... 284 76 2—362
2017 ...................................... 223 252—250
2018 ...................................... 112 3 2 —117
Thereafter ................................. 414332 — 449
Total ...................................... $1,812 $334 $76 $824$3,046
(a)Net capacitypurchasesincludePPAsandother capacitycontractsincludingthosethat are accountedfor asoperatingleases. Amountspresentedinthe
commitmentsrepresent Generation’s expectedpaymentsunder these arrangementsat December 31,2013,net of fixedcapacitypaymentsexpectedto bereceived
by Generation under contractsto resell such acquiredcapacityto thirdpartiesunder long-termcapacitysale contracts. Expectedpaymentsincludecertainfixed
capacitycharges which maybereducedbasedon plant availability.
(b) Thetable excludesrenewable energy purchasesthat are contingent in nature.
(c) Transmission rightspurchasesincludeestimatedcommitmentsfor additional transmission rightsthat will berequiredto fulfill firmsalescontracts.
ComEd purchasesitsexpectedenergy requirementsthrough an ICC approvedcompetitivebiddingprocess administeredbytheIPA
andspot market purchases. See Note 3—RegulatoryMattersfor further information.
Since 2009, PECO hasenteredinto contractsthrough acompetitive procurement process inorder to meet a portion ofitsdefault
servicecustomers’ electric supplyrequirementsfor 2011 through 2016. See Note 3—RegulatoryMattersfor further information
regardingtheDSP Programs.
ComEd is subjecttorequirementsestablishedbytheIllinois Settlement Legislation andtheEnergy Infrastructure Modernization Act
relatedto theuseofalternative energy resources. PECO is subjecttorequirementsrelatedto theuseofalternative energy
resourcesestablishedbytheAEPS Act. BGE is subjecttorequirementsestablishedbythePublic UtilitiesArticle inMarylandrelated
to theuseofalternative energy resources; however,thewholesale suppliersthat supplypower to BGE through SOS procurement
auctionshavetheobligation,bycontractwith BGE, to meet theRPS requirement. BGE hasenteredinto contractswithcurtailment
servicesprovidersinaccordancewiththeMarch 2009 MDPSC order.See Note 3—RegulatoryMattersfor additional information
relatingto electric generation procurement,alternative energy resourcesandenergy efficiency programs.
ComEd’s, PECO’s and BGE’s electric supplyprocurement,curtailment services, REC andAEC purchasecommitmentsasof
December 31,2013 are asfollows:
Total
Expiration within
2014 2015 2016 2017 2018
2019
and beyond
ComEd
Electric supplyprocurement (a).............................. $ 736$323 $136$137$140$— $ —
Renewable energy andRECs (b) ............................. 1,589 7274 76 77 831,207
PECO
Electric supplyprocurement (c) .............................. 68159091——— —
AECs (d) ................................................. 1422222 4
BGE
Electric supplyprocurement (e).............................. 1,256 783400 73—— —
Curtailment services(f) ..................................... 132 45 403413 ——
(a)ComEd enteredinto variouscontractsfor the procurement ofelectricitythat startedto expire in 2012,andwill continue to expire through 2017. ComEd is permittedto
recover itselectric supplyprocurement costsfromretailcustomerswithno mark-up.See Note 3—RegulatoryMattersfor additional information.
(b) ComEd enteredinto 20-year contractsfor renewable energy andRECs beginninginJune 2012.ComEd is permittedto recover itsrenewable energy andREC costsfrom
retailcustomerswithno mark-up.The annual commitmentsrepresent themaximumsettlementswithsuppliersfor renewable energy andRECs under theexistingcontract
terms. Pursuant to theICC’s Order on December 19, 2012,ComEd’s commitmentsunder theexistinglong-termcontractswere reducedfor theJune 2013 through May
2014procurement period. TheICC’s December 18, 2013 order approvedthereduction ofComEd’s commitmentsunder thelong-termcontractsfor theJune 2014through
May2015procurement period, however theamount ofthereduction will not befinalizedandapprovedbytheICC untilMarch 2014. See Note 3—RegulatoryMattersfor
additional information.
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