Exelon 2015 Annual Report Download - page 133

Table of Contents
(a) On April 1, 2014, Generation assumed operational control of CENG’s nuclear fleet. As a result, the 2014 operating results include CENG’s results of operations on a fully
consolidated basis from April 1, 2014 through December 31, 2014.
(b) Reflects the operating and maintenance expense associated with the impairment of certain generating assets held-for-sale, Upstream assets, and wind generating assets during
2014.
(c) Reflects an increase of labor, other benefits, contracting and materials costs primarily due to the inclusion of CENG beginning April 1, 2014. Also includes cost of sales of our other
business activities that are not allocated to a region.
(d) Reflects an increased share of corporate allocated costs primarily due to the inclusion of CENG beginning April 1, 2014.
(e) Reflects the impact of increased nuclear outage days primarily due to the inclusion of CENG beginning April 1, 2014.
Depreciation and Amortization
. The increase in depreciation and amortization expense was
primarily due to the inclusion of CENG’s results on a fully consolidated basis in 2015, increased nuclear decommissioning amortization, and an
increase in ongoing capital expenditures.
. The increase in depreciation and amortization expense was
primarily due to the inclusion of CENG’s results on a fully consolidated basis beginning April 1, 2014 and an increase in ongoing capital
expenditures.
Taxes Other Than Income
. The increase in taxes other than income was primarily due to
the inclusion of CENG’s results on a fully consolidated basis in 2015.
. The increase in taxes other than income was primarily due to
the inclusion of CENG’s results on a fully consolidated basis beginning April 1, 2014.
Equity in Earnings (Losses) of Unconsolidated Affiliates
. The year-over-year change in Equity in earnings (losses) of
unconsolidated affiliates is primarily the result of the consolidation of CENG’s results of operations beginning April 1, 2014, which were previously
accounted for under the equity method of accounting.
. The year-over-year change in Equity in earnings (losses) of
unconsolidated affiliates is primarily the result of the consolidation of CENG’s results of operations beginning April 1, 2014, which were previously
accounted for under the equity method of accounting.
Gain (Loss) on Sales of Assets
. The decrease in gain (loss) on sales of assets in primarily
related to the absence of $411 million of gains recorded on the sale of Generation’s ownership interests in Safe Harbor Water Power Corporation,
Fore River and West Valley generating stations in 2014. Refer to Note 4—Mergers, Acquisitions and Dispositions in the Combined Notes to
Consolidated Financial Statements for additional information.
. The increase in gain (loss) on sales of assets is primarily
related to $411 million of gains recorded on the sale of
126
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
The information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this information,
except to the extent such damages or losses cannot be limited or excluded by applicable law. Past financial performance is no guarantee of future results.