ComEd 2015 Annual Report Download - page 235

Table of Contents
Baltimore Gas and Electric Company and Subsidiary Companies
Consolidated Balance Sheets
December 31,
(In millions) 2015 2014
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Short-term borrowings $ 210 $ 120
Long-term debt due within one year 378 75
Accounts payable 209 215
Accrued expenses 110 131
Payables to affiliates 52 66
Customer deposits 102 92
Regulatory liabilities 38 44
Other 35 51
Total current liabilities 1,134 794
Long-term debt 1,480 1,857
Long-term debt to financing trust 252 252
Deferred credits and other liabilities
Deferred income taxes and unamortized investment tax credits 2,081 1,911
Asset retirement obligations 17 17
Non-pension postretirement benefits obligations 209 212
Regulatory liabilities 184 200
Other 61 60
Total deferred credits and other liabilities 2,552 2,400
Total liabilities 5,418 5,303
Commitments and contingencies
Shareholders’ equity
Common stock 1,367 1,360
Retained earnings 1,320 1,203
Total shareholders’ equity 2,687 2,563
Preference stock not subject to mandatory redemption 190 190
Total equity 2,877 2,753
Total liabilities and shareholders’ equity $8,295 $8,056
(a) BGE’s consolidated assets include $26 million and $24 million at December 31, 2015 and December 31, 2014, respectively, of BGE’s consolidated VIE that can only be used to
settle the liabilities of the VIE. BGE’s consolidated liabilities include $122 million and $197 million at December 31, 2015 and December 31, 2014, respectively, of BGE’s
consolidated VIE for which the VIE creditors do not have recourse to BGE. See Note 2—Variable Interest Entities.
See the Combined Notes to Consolidated Financial Statements
228
(a)
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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