ComEd 2015 Annual Report Download - page 426

Table of Contents
Combined Notes to Consolidated Financial Statements—(Continued)
(Dollars in millions, except per share data unless otherwise noted)
The following tables provide additional information about liabilities of the Registrants at December 31, 2015 and 2014.
December 31, 2015 Exelon Generation ComEd PECO BGE
Accrued expenses
Compensation-related accruals $1,014 $ 547 $ 183 $ 66 $ 57
Taxes accrued 293 186 63 4 23
Interest accrued 915 77 443 35 27
Severance accrued 21 11 3 — 1
Other accrued expenses 133 114 14 4 2
Total accrued expenses $2,376 $ 935 $ 706 $109 $110
December 31, 2014 Exelon Generation ComEd PECO BGE
Accrued expenses
Compensation-related accruals $ 832 $ 447 $ 153 $ 50 $ 58
Taxes accrued 305 248 59 3 42
Interest accrued 240 66 102 33 29
Severance accrued 49 33 2 1 2
Other accrued expenses 113 92 15 4 —
Total accrued expenses $1,539 $ 886 $ 331 $ 91 $131
(a) Primarily includes accrued payroll, bonuses and other incentives, vacation and benefits.
(b) Includes $19 million for amounts accrued related to Antelope Valley as of December 31, 2014.
25. Segment Information (Exelon, Generation, ComEd, PECO and BGE)
Operating segments for each of the Registrants are determined based on information used by the chief operating decision maker(s) (CODM)
in deciding how to evaluate performance and allocate resources at each of the Registrants.
Exelon has nine reportable segments, which include ComEd, PECO, BGE and Generation’s six power marketing reportable segments,
consisting of the Mid-Atlantic, Midwest, New England, New York, ERCOT and all other power regions referred to collectively as “Other Power
Regions”, which includes activities in the South, West and Canada. ComEd, PECO and BGE each represent a single reportable segment, and as
such, no separate segment information is provided for these Registrants. Exelon, ComEd, PECO and BGE’s CODMs evaluate the performance of
and allocate resources to ComEd, PECO and BGE based on net income and return on equity.
The basis for Generation’s reportable segments is the integrated management of its electricity business that is located in different
geographic regions, and largely representative of the footprints of ISO/RTO and/or NERC regions, which utilize multiple supply sources to provide
electricity through various distribution channels (wholesale and retail). Generation’s hedging strategies and risk metrics are also aligned to these
same geographic regions. Descriptions of each of Generation’s six reportable segments are as follows:
• Mid-Atlantic represents operations in the eastern half of PJM, which includes New Jersey, Maryland, Virginia, West Virginia, Delaware,
the District of Columbia and parts of Pennsylvania and North Carolina.
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(a)
(a)
(b) (b)
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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