ComEd 2015 Annual Report Download - page 388

Table of Contents
Combined Notes to Consolidated Financial Statements—(Continued)
(Dollars in millions, except per share data unless otherwise noted)
to 5 years and are intended to be held to maturity. The fair value of these investments is determined by the fund manager or administrator and
include unobservable inputs such as cost, operating results, and discounted cash flows. Since the valuation inputs are not highly observable,
private credit investments have been categorized as Level 3.
Defined Contribution Savings Plan (Exelon, Generation, ComEd, PECO and BGE)
The Registrants participate in various 401(k) defined contribution savings plans that are sponsored by Exelon. The plans are qualified under
applicable sections of the IRC and allow employees to contribute a portion of their pre-tax and after-tax income in accordance with specified
guidelines. All Registrants match a percentage of the employee contributions up to certain limits. The following table presents matching
contributions to the savings plan for the years ended December 31, 2015, 2014 and 2013:
For the Year Ended December 31, Exelon Generation ComEd PECO BGE BSC
2015 $ 148 $ 80 $ 32 $ 11 $14 $ 11
2014 103 51 26 8 8 10
2013 85 40 22 8 8 7
(a) Includes $9 million and $5 million related to CENG for the year ended December 31, 2015, and for the period from April 1, 2014 to December 31, 2014, respectively.
(b) These amounts primarily represent amounts billed to Exelon’s subsidiaries through intercompany allocations. These costs are not included in the Generation, ComEd, PECO, or
BGE amounts above.
18. Contingently Redeemable Noncontrolling Interest (Exelon, Generation)
In November 2015, 2015 ESA Investco, LLC, a wholly owned subsidiary of Generation, entered into an arrangement to sell a portion of its
equity to a tax equity investor. Pursuant to the operating agreement, in certain situations the equity contributions made by the noncontrolling
interest holder could be contingently redeemable. These situations are outside of the control of Generation and the noncontrolling interest holder
resulting in a portion of the noncontrolling interest being considered contingently redeemable and thus presented in mezzanine equity in the
consolidated balance sheet.
The following table summarizes the changes in the contingently redeemable noncontrolling interest for the year ended December 31, 2015:
Year Ended December 31,
2015
Beginning Balance $ —
Cash received from noncontrolling interest 32
Release of contingency (4)
Ending Balance $ 28
381
(a) (a) (b)
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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