ComEd 2015 Annual Report Download - page 145

Table of Contents
This represents the change in operating revenue collected under approved riders to recover costs incurred for
regulatory programs such as smart meter, energy efficiency and the GSA. The riders are designed to provide full and current cost recovery as well
as a return. The costs of these programs are included in Operating and maintenance expense, Depreciation and amortization expense and Income
taxes. Refer to the Operating and maintenance expense discussion below for additional information on included programs.
The decrease in other electric revenue net of purchased power expense for the year ended December 31, 2015 reflects the impact of
lower wholesale transmission revenue, which is impacted by the previous year’s peak demand, which was lower in 2014 than in 2013.
Operating and Maintenance Expense
Year Ended
December 31,
Increase
(Decrease)
Year Ended
December 31,
Increase
(Decrease)
2015 2014 2015 vs. 2014 2014 2013 2014 vs. 2013
Operating and maintenance expense—
baseline $ 685 $ 761 $ (76) $ 761 $ 668 $ 93
Operating and maintenance expense—
regulatory required programs 109 105 $ 4 105 80 $ 25
Total operating and maintenance expense $ 794 $ 866 $ (72) $ 866 $ 748 $ 118
(a) Operating and maintenance expenses for regulatory required programs are costs for various legislative and/or regulatory programs that are recoverable from customers on a full
and current basis through approved regulated rates. An equal and offsetting amount has been reflected in operating revenue.
The changes in Operating and maintenance expense for 2015 compared to 2014 and 2014 compared to 2013 consisted of the following:
Increase
(Decrease)
2015 vs. 2014
Increase
(Decrease)
2014 vs. 2013
Baseline
Labor, other benefits, contracting and materials $ 1 $ 12
Storm-related costs (78) 100
Pension and non-pension postretirement benefits expense 3 (5)
Merger integration costs 2 (7)
Corporate allocation 9 5
Uncollectible accounts expense (22) (9)
Other 9 (3)
(76) 93
Regulatory required programs
Smart meter (3) 7
Energy efficiency 8 17
Other (1) 1
4 25
Increase (decrease) in operating and maintenance expense $ (72) $ 118
138
(a)
(a) (b)
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.