ComEd 2015 Annual Report Download - page 172

Table of Contents
Contractual Obligations
The following tables summarize the Registrants’ future estimated cash payments as of December 31, 2015 under existing contractual
obligations, including payments due by period. See Note 23—Commitments and Contingencies of the Combined Notes to Consolidated Financial
Statements for information regarding the Registrants’ commercial and other commitments, representing commitments potentially triggered by
future events.

Payment due within
Total 2016
2017-
2018
2019-
2020
Due 2021
and beyond
All
Other
Long-term debt $25,732 $ 1,483 $ 3,226 $ 4,275 $ 16,748 $ —
Interest payments on long-term debt 14,459 1,146 2,122 1,863 9,328 —
Liability and interest for uncertain tax positions 860 860 — — — —
Capital leases 29 4 8 9 8 —
Operating leases 1,174 133 195 144 702 —
Purchase power obligations 1,692 506 717 212 257 —
Fuel purchase agreements 9,382 1,448 2,460 1,919 3,555 —
Electric supply procurement 1,563 993 570 — — —
AEC purchase commitments 6 1 2 3 — —
Curtailment services commitments 99 37 55 7 — —
Long-term renewable energy and REC commitments 1,443 76 155 165 1,047 —
Other purchase obligations 4,578 2,420 940 421 797 —
Construction commitments 1,272 821 451 — —
PJM regional transmission expansion commitments 737 375 293 69 — —
Spent nuclear fuel obligation 1,021 — — — 1,021 —
Pension minimum funding requirement 1,412 250 500 500 162 —
Total contractual obligations $65,459 $10,553 $ 11,694 $ 9,587 $ 33,625 $ —
(a) Includes $648 million due after 2021 to ComEd, PECO and BGE financing trusts.
(b) Interest payments are estimated based on final maturity dates of debt securities outstanding at December 31, 2015 and do not reflect anticipated future refinancing, early
redemptions or debt issuances. Variable rate interest obligations are estimated based on rates as of December 31, 2015. Includes estimated interest payments due to ComEd,
PECO and BGE financing trusts.
(c) In the event of a fully successful IRS challenge to Exelon’s like-kind exchange position, Exelon would be required to either post a bond or pay the tax and interest for the tax
years before the court to appeal the decision. If an adverse decision is reached in 2016, the potential tax and after-tax interest, exclusive of penalties, that could become payable
may be as much as $860 million, of which approximately $300 million would be attributable to ComEd after consideration of Exelon’s agreement to hold ComEd harmless from any
unfavorable impacts of the after-tax interest amounts on ComEd’s equity, and the balance at Exelon. It is expected that Exelon’s remaining tax years affected by the litigation will
be settled following a final appellate decision which could take several years.
(d) Excludes Generation’s contingent operating lease payments associated with contracted generation agreements. These amounts are included within purchase power obligations.
Includes estimated cash payments for service fees related to PECO’s meter reading operating lease.
(e) Purchase power obligations include contingent operating lease payments associated with contracted generation agreements. Amounts presented represent Generation’s
expected payments under these arrangements at December 31, 2015, including those related to CENG. Expected payments include certain fixed capacity charges which may be
reduced based on plant availability. Expected payments exclude renewable PPA contracts that are contingent in nature. These obligations do not include ComEd’s SFCs as these
contracts do not require purchases of fixed or minimum quantities. See Notes 3—Regulatory Matters
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(a)
(b)
(c)
(d)
(e)
(f)
(f)
(f)
(f)
(g)
(h)
(i)
(j)
(k)
(l)
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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