ComEd 2015 Annual Report Download - page 436

Table of Contents
Combined Notes to Consolidated Financial Statements—(Continued)
(Dollars in millions, except per share data unless otherwise noted)
December 31,
2015 2014
Prepaid voluntary employee beneficiary association trust $ 11 $ 13
Receivable from affiliates (current):
Voluntary employee beneficiary association trust $ 2 $ 2
Generation 9 12
Exelon Corporate 188 —
Total receivable from affiliates (current) $ 199 $ 14
Receivable from affiliates (noncurrent):
Generation $2,172 $2,389
Exelon Corporate — 182
Total receivable from affiliates (noncurrent) $2,172 $2,571
Payables to affiliates (current):
Generation $ 15 $ 43
BSC 39 32
ComEd Financing III 4 4
PECO 2 2
Exelon Corporate 2 3
Total payables to affiliates (current) $ 62 $ 84
Long-term debt to ComEd financing trust
ComEd Financing III $ 205 $ 205
(a) ComEd procures a portion of its electricity supply requirements from Generation under an ICC-approved RFP contract. ComEd also purchases RECs from Generation. In addition,
purchased power expense includes the settled portion of the financial swap contract with Generation, which expired in 2013. See Note 3—Regulatory Matters and Note 13—
Derivative Financial Instruments for additional information.
(b) ComEd receives a variety of corporate support services from BSC, including legal, human resources, financial, information technology and supply management services. All
services are provided at cost, including applicable overhead. A portion of such services is capitalized.
(c) The voluntary employee benefit association trusts covering active employees are included in corporate operations and are funded by the Registrants. A prepayment to the active
welfare plans has accumulated due to actuarially determined contribution rates, which are the basis for ComEd’s contributions to the plans, being higher than actual claim expense
incurred by the plans over time. The prepayment is included in other current assets.
(d) ComEd has a long-term receivable from Generation as a result of the nuclear decommissioning contractual construct for generating facilities previously owned by ComEd. To the
extent the assets associated with decommissioning are greater than the applicable ARO at the end of decommissioning, such amounts are due back to ComEd for payment to
ComEd’s customers.
(e) Represents indemnification from Exelon Corporate related to the like-kind exchange transaction.
429
(c)
(e)
(d)
(e)
(a)
(b)
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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