ComEd 2015 Annual Report Download - page 153

Table of Contents
Interest Expense, Net
The decrease in Interest expense, net for 2015 compared to 2014 and 2014 compared to 2013 consisted of the following:
Increase
(Decrease)
2015 vs. 2014
Increase
(Decrease)
2014 vs. 2013
Interest expense on debt (including financing trusts) $ (4) $ (10)
Interest expense related to capitalization of interest / AFUDC (2) (6)
Interest expense related to uncertain tax positions (1) —
Decrease in interest expense, net $ (7) $ (16)
Effective Income Tax Rate
BGE’s effective income tax rates for the years ended December 31, 2015, 2014 and 2013 were 39.6%, 39.9% and 39.0%, respectively. See
Note 15—Income Taxes of the Combined Notes to Consolidated Financial Statements for additional information regarding the components of the
effective income tax rates.
BGE Electric Operating Statistics and Revenue Detail
Retail Deliveries to customers (in GWhs) 2015 2014
% Change
2015 vs. 2014
Weather-
Normal %
Change 2013
% Change
2014 vs. 2013
Weather-
Normal %
Change
Retail Deliveries
Residential 12,598 12,974 (2.9)% n.m. 13,077 (0.8)% n.m.
Small commercial & industrial 3,119 3,086 1.1% n.m. 3,035 1.7% n.m.
Large commercial & industrial 14,293 14,191 0.7% n.m. 14,339 (1.0)% n.m.
Public authorities & electric railroads 294 311 (5.5)% n.m. 317 (1.9)% n.m.
Total electric deliveries 30,304 30,562 (0.8)% n.m. 30,768 (0.7)% n.m.
As of December 31,
Number of Electric Customers 2015 2014 2013
Residential 1,137,934 1,125,369 1,120,431
Small commercial & industrial 113,138 112,972 112,850
Large commercial & industrial 11,906 11,730 11,652
Public authorities & electric railroads 285 290 292
Total 1,263,263 1,250,361 1,245,225
146
(a)
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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