Exelon 2015 Annual Report Download - page 336

Table of Contents
Combined Notes to Consolidated Financial Statements—(Continued)
(Dollars in millions, except per share data unless otherwise noted)
The following table provides a summary of the derivative fair value balances recorded by the Registrants as of December 31, 2015:
Generation ComEd Exelon
Derivatives
Economic
Hedges
Proprietary
Trading
Collateral
and
Netting Subtotal
Economic
Hedges
Total
Derivatives
Mark-to-market
derivative assets (current assets) $ 5,236 $ 108 $ (3,994) $ 1,350 $ — $ 1,350
Mark-to-market
derivative assets (noncurrent assets) 1,860 22 (1,163) 719 — 719
Total mark-to-market
derivative assets 7,096 130 (5,157) 2,069 — 2,069
Mark-to-market
derivative liabilities (current liabilities) (4,907) (94) 4,827 (174) (23) (197)
Mark-to-market
derivative liabilities (noncurrent liabilities) (1,673) (33) 1,564 (142) (224) (366)
Total mark-to-market
derivative liabilities (6,580) (127) 6,391 (316) (247) (563)
Total mark-to-market
derivative net assets (liabilities) $ 516 $ 3 $ 1,234 $ 1,753 $ (247) $ 1,506
(a) Exelon and Generation net all available amounts allowed under the derivative accounting guidance on the balance sheet. These amounts include unrealized derivative
transactions with the same counterparty under legally enforceable master netting agreements and cash collateral. In some cases Exelon and Generation may have other
offsetting exposures, subject to a master netting or similar agreement, such as trade receivables and payables, transactions that do not qualify as derivatives, letters of credit and
other forms of non-cash collateral. These are not reflected in the table above.
(b) Current and noncurrent assets are shown net of collateral of $352 million and $180 million, respectively, and current and noncurrent liabilities are shown net of collateral of $480
million and $222 million, respectively. The total cash collateral posted, net of cash collateral received and offset against mark-to-market assets and liabilities was $1,234 million at
December 31, 2015.
(c) Includes current and noncurrent liabilities relating to floating-to-fixed energy swap contracts with unaffiliated suppliers.
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(a) (b) (c)
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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