ComEd 2015 Annual Report Download - page 438

Table of Contents
Combined Notes to Consolidated Financial Statements—(Continued)
(Dollars in millions, except per share data unless otherwise noted)
(b) PECO purchases electric supply from Generation under contracts executed through its competitive procurement process. In addition, PECO has five-year and ten-year
agreements with Generation to purchase non-solar and solar AECs, respectively. See Note 3—Regulatory Matters for additional information on AECs.
(c) PECO 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.
(d) The voluntary employee beneficiary 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 PECO’s contributions to the plans, being higher than actual claim
expense incurred by the plans over time.
(e) PECO has a long-term receivable from Generation as a result of the nuclear decommissioning contractual construct, whereby, 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 PECO for payment to PECO’s customers.
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The financial statements of BGE include related party transactions as presented in the tables below:
For the Years Ended
December 31,
2015 2014 2013
Operating revenues from affiliates:
Generation $ 14 $ 25 $ 13
Purchased power from affiliate
Generation $498 $382 $452
Operating and maintenance from affiliates:
BSC $118 $103 $ 83
Interest expense to affiliates, net:
BGE Capital Trust II $ 16 $ 16 $ 16
Capitalized costs
BSC $ 28 $ 19 $ 15
Cash dividends paid to parent $158 $— $—
Contribution from parent $ 7 $— $—
December 31,
2015 2014
Prepaid voluntary employee beneficiary association trust $— $ 1
Payables to affiliates (current):
Generation $ 31 $ 40
BSC 17 17
Exelon Corporate 1 5
PECO — 1
BGE Capital Trust II 3 3
Total payables to affiliates (current) $ 52 $ 66
Long-term debt to BGE financing trust
BGE Capital Trust II $252 $252
(a) BGE provides energy to Generation for Generation’s own use.
(b) BGE procures a portion of its electricity and gas supply requirements from Generation under its MDPSC-approved market-based SOS and gas commodity programs. See Note 3—
Regulatory Matters for additional information.
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(a)
(b)
(c)
(c)
(d)
(b)
(c)
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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