Exelon 2015 Annual Report Download - page 27

Table of Contents
BGE has the necessary authorizations to provide regulated electric and natural gas distribution services in the various municipalities and
territories in which it now supplies such services. With respect to electric distribution service, BGE’s authorizations consist of charter rights, a
state-wide franchise grant and a franchise grant from the City of Baltimore. The franchise rights are nonexclusive and are perpetual. With respect
to natural gas distribution service, BGE’s authorizations consist of charter rights, a perpetual state-wide franchise grant and franchises granted by
all the municipalities and/or governmental bodies in which BGE now supplies services. The franchise grants are not exclusive; some are perpetual
and some are for a limited duration, which BGE anticipates being able to extend or replace prior to expiration.
ComEd, PECO and BGE
Utility Operations
 The following table presents the size of retail service territories, populations of each retail service territory and the
number of retail customers within each retail service territory for ComEd, PECO and BGE as of December 31, 2015:
Retail Service Territories
(in square miles)
Retail Service Territory Population
(in millions)
Number of Retail Customers
(in millions)
Total Electric Natural gas Total Electric Natural gas Total Electric Natural gas
ComEd 11,400 11,400 n/a 9.0 9.0 n/a 3.8 3.8 n/a
PECO 2,100 1,900 1,900 4.6 4.0 3.1 2.1 1.6 0.5
BGE 2,300 2,300 800 3.0 3.0 1.7 1.3 1.3 0.7
(a) Includes approximately 2.8 million in the city of Chicago.
(b) Includes approximately 1.6 million in the city of Philadelphia.
(c) Includes approximately 0.6 million in the city of Baltimore.
ComEd, PECO and BGE electric sales and peak load are generally higher during the summer and winter months, when
temperature extremes create demand for either summer cooling or winter heating. For PECO and BGE, natural gas sales are generally higher
during the winter months when cold temperatures create demand for winter heating.
The following table summarizes peak deliveries for ComEd, PECO and BGE for electric and gas deliveries during peak demand months as
of December 31, 2015:
Electric Peak Deliveries
(in GW)
Natural Gas Peak Deliveries
(in mmcfs)
Summer
peak date
Summer
deliveries
Winter peak
date
Winter
deliveries
Winter peak
date
Winter
deliveries
ComEd 7/20/2011 23.75 1/6/2014 16.51 n/a n/a
PECO 7/22/2011 8.98 1/7/2014 7.17 2/15/2015 777
BGE 7/21/2011 7.23 2/20/2015 6.71 2/19/2015 777
 ComEd, PECO and BGE are allowed to recover reasonable costs and fair and prudent capital
expenditures associated with electric and natural gas distribution services and earn a return on those capital expenditures, subject to commission
approval. ComEd recovers costs through a performance-based rate formula, pursuant to EIMA. ComEd is required to file an update to the
performance-based rate formula on an annual basis. PECO’s and BGE’s electric and gas distribution costs are recovered through traditional rate
case proceedings. In certain instances, ComEd, PECO and BGE use specific recovery mechanisms as approved by the ICC, PAPUC, and
MDPSC, respectively.
20
(a)
(b)
(c)
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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