Exelon 2015 Annual Report Download - page 30

Table of Contents
(a) ComEd has committed to invest approximately $2.6 billion over a ten year period to modernize and storm-harden its distribution system and to implement smart grid technology.
These amounts represent capital expenditures associated with ComEd’s commitment.
(b) PECO will seek recovery of costs associated with PECO’s gas AMI through the traditional rate case process.
(c) BGE is seeking recovery of its smart grid initiative costs as part of its 2015 electric and gas distribution rate case. See Note 3—Regulatory Matters of the Combined Notes to
Consolidated Financial Statements for additional information.
 ComEd, PECO and BGE provide unbundled transmission service under rates approved by FERC. FERC has used
its regulation of transmission to encourage competition for wholesale generation services and the development of regional structures to facilitate
regional wholesale markets. Under FERC’s open access transmission policy promulgated in Order No. 888, ComEd, PECO and BGE, as owners
of transmission facilities, are required to provide open access to their transmission facilities under filed tariffs at cost-based rates. ComEd, PECO
and BGE are required to comply with FERC’s Standards of Conduct regulation governing the communication of non-public information between the
transmission owner’s employees and wholesale merchant employees.
PJM is the ISO and the FERC-approved RTO for the Mid-Atlantic and Midwest regions. PJM is the transmission provider under, and the
administrator of, the PJM Open Access Transmission Tariff (PJM Tariff). PJM operates the PJM energy, capacity and other markets, and, through
central dispatch, controls the day-to-day operations of the bulk power system for the PJM region. ComEd, PECO and BGE are members of PJM
and provide regional transmission service pursuant to the PJM Tariff. ComEd, PECO, BGE and the other transmission owners in PJM have turned
over control of their transmission facilities to PJM, and their transmission systems are currently under the dispatch control of PJM. Under the PJM
Tariff, transmission service is provided on a region-wide, open-access basis using the transmission facilities of the PJM members at rates based
on the costs of transmission service.
ComEd’s and BGE’s transmission rates are established based on a formula that was approved by FERC in January 2008 and April 2006,
respectively. FERC’s order establishes the agreed-upon treatment of costs and revenues in the determination of network service transmission
rates and the process for updating the formula rate calculation on an annual basis.
PECO’s customers are charged for PECO’s PJM retail transmission services on a full and current basis through a Transmission Service
Charge (applicable to default service only) and through a Non-Bypassable Transmission Charge (applicable to all distribution customers) in
accordance with PECO’s approved distribution rates.
See Note 3—Regulatory Matters, Note 25—Segment Information of the Combined Notes to Consolidated Financial Statements and ITEM 7.
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS, Liquidity and Capital
Resources for further information.
Employees
As of December 31, 2015, Exelon and its subsidiaries had 29,762 employees in the following companies, of which 9,649 or 32% were
covered by collective bargaining agreements (CBAs):
IBEW Local 15 IBEW Local 614 Other CBAs
Total Employees
Covered by CBAs
Total
Employees
Generation 1,688 102 2,424 4,214 14,512
ComEd 3,996 — — 3,996 6,765
PECO — 1,327 — 1,327 2,641
BGE — — — — 3,293
Other 69 — 43 112 2,551
Total 5,753 1,429 2,467 9,649 29,762
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(a) (b) (c)
(d)
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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