ComEd 2015 Annual Report Download - page 322

Table of Contents
Combined Notes to Consolidated Financial Statements—(Continued)
(Dollars in millions, except per share data unless otherwise noted)
Generation ComEd Exelon
For The Year Ended
December 31, 2014
Nuclear
Decommissioning
Trust Fund
Investments
Pledged Assets
for Zion Station
Decommissioning
Mark-to-
Market
Derivatives
Other
Investments
Total
Generation
Mark-to-
Market
Derivatives
Eliminated in
Consolidation Total
Balance as of January 1, 2014 $ 350 $ 112 $ 465 $ 15 $ 942 $ (193) $ — $ 749
Total realized / unrealized gains
(losses)
Included in net income 6 — 526 — 532 — — 532
Included in other
comprehensive income — — — — — — — —
Included in noncurrent
payables to affiliates 14 — — — 14 — (14) —
Included in payable for
Zion Station
decommissioning — 2 — — 2 — — 2
Included in regulatory
assets/liabilities — — — — — (14) 14 —
Change in collateral — — 198 — 198 — — 198
Purchases, sales, issuances and
settlements
Purchases 400 120 76 2 598 — — 598
Sales (15) (50) (7) (8) (80) — — (80)
Settlements (64) — — — (64) — — (64)
Transfers into Level 3 — — (7) — (7) — — (7)
Transfers out of Level 3 — — (201) (6) (207) — — (207)
Balance as of December 31,
2014 $ 691 $ 184 $ 1,050 $ 3 $ 1,928 $ (207) $ — $ 1,721
The amount of total gains
included in income attributed
to the change in unrealized
gains (losses) related to
assets and liabilities held as
of December 31, 2014 $ 4 $ — $ 640 $ — $ 644 $ — $ — $ 644
(a) Includes a reduction for the reclassification of $834 million and $114 million of realized gains due to the settlement of derivative contracts for the years ended December 31, 2015
and 2014, respectively.
(b) Includes $55 million of decreases in fair value and an increase for realized losses due to settlements of $(15) million recorded in purchased power expense associated with
floating-to-fixed energy swap contracts with unaffiliated suppliers for the year ended December 31, 2015. Includes $13 million of decreases in fair value and a reduction for
realized gains due to settlements of $1 million for the year ended December 31, 2014.
(c) Includes $34 million of fair value from contracts acquired as a result of the Integrys acquisition.
The following tables present the income statement classification of the total realized and unrealized gains (losses) included in income for
Level 3 assets and liabilities measured at fair value on a recurring basis during the years ended December 31, 2015 and 2014:
Generation Exelon
Operating
Revenues
Purchased
Power and
Fuel
Other,
net
Operating
Revenues
Purchased
Power and
Fuel
Other,
net
Total gains (losses) included in net income for the year
ended December 31, 2015 $ 67 $ (45) $ 4 $ 67 $ (45) $ 4
Change in the unrealized gains (losses) relating to assets
and liabilities held for the year ended December 31,
2015 $ 858 $ (2) $ 4 $ 858 $ (2) $ 4
315
(d) (b)
(a)
(c)
(a) (a)
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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