ComEd 2015 Annual Report Download - page 430

Table of Contents
Combined Notes to Consolidated Financial Statements—(Continued)
(Dollars in millions, except per share data unless otherwise noted)
$252 million for the years ended December 31, 2014 and 2013, respectively, an understatement of Revenues from external customers for Reportable Segments of $284 million
and $252 million for the years ended December 31, 2014 and 2013, respectively, an understatement of Intersegment revenues for Other of $284 million and $252 million for the
years ended December 31, 2014 and 2013, respectively, and an overstatement of Revenues from external customers for Other of $284 million and $252 million for the years
ended December 31, 2014 and 2013, respectively. The error is not considered material to any prior period, and there is no net impact to Total Revenues.
Generation total revenues net of purchased power and fuel expense:
2015 2014 2013
RNF from
external
customers
Intersegment
RNF
Total
RNF
RNF from
external
customers
Intersegment
RNF
Total
RNF
RNF from
external
customers
Intersegment
RNF
Total
RNF
Mid-Atlantic $ 3,556 $ 15 $3,571 $ 3,544 $ (113) $3,431 $ 3,287 $ (17) $3,270
Midwest 2,912 (20) 2,892 2,607 (8) 2,599 2,606 (20) 2,586
New England 519 (58) 461 450 (99) 351 299 (114) 185
New York 584 50 634 439 44 483 (55) 51 (4)
ERCOT 425 (132) 293 573 (256) 317 627 (191) 436
Other Power Regions 440 (190) 250 517 (190) 327 397 (196) 201
Total Revenues net of
purchased power and fuel
expense for Reportable
Segments $ 8,436 $ (335) $8,101 $ 8,130 $ (622) $7,508 $ 7,161 $ (487) $6,674
Other 678 335 1,013 (662) 622 (40) 272 487 759
Total Generation Revenues net
of purchased power and fuel
expense $ 9,114 $ — $9,114 $ 7,468 $ — $7,468 $ 7,433 $ — $7,433
(a) On April 1, 2014, Generation assumed operational control of CENG’s nuclear fleet. As a result, beginning on April 1, 2014, CENG’s revenue net of purchased power and fuel
expense are included on a fully consolidated basis.
(b) Includes purchases and sales from third parties and affiliated sales to ComEd, PECO and BGE.
(c) Other represents activities not allocated to a region. See text above for a description of included activities. Also includes a $8 million increase in RNF, a $124 million decrease in
RNF, and a $488 million decrease in RNF for the amortization of intangible assets related to commodity contracts recorded at fair value for the years ended December 31, 2015,
2014, and 2013, respectively, unrealized mark-to-market gains of $257 million, losses of $591 million, and gains of $504 million for the years ended December 31, 2015, 2014,
and 2013, respectively, and the elimination of intersegment revenue net of purchased power and fuel expense.
(d) Exelon corrected an error in the December 31, 2014 and December 31, 2013 balances within Intersegment RNF and RNF from external customers for an understatement of $8
million and an overstatement of $134 million of Intersegment RNF for Reportable Segments for the years ended December 31, 2014 and 2013, respectively, an understatement of
RNF from external customers for Reportable Segments of $11 million and $134 million for the years ended December 31, 2014 and 2013, respectively, an overstatement of $8
million and an understatement $134 million of Intersegment RNF for Other for the years ended December 31, 2014 and 2013, respectively, and an overstatement of RNF from
external customers for Other of $11 million and $134 million for the years ended December 31, 2014 and 2013, respectively. This also included an understatement of total RNF for
Reportable Segments and an overstatement of total RNF for Other of $19 million for the year ended December 31, 2014. The error is not considered material to any prior period,
and there is no net impact to Generation Total RNF for 2013 or 2014.
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(b) (b)(d) (d) (b)(d) (d)
(a)
(c)
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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