Exelon 2015 Annual Report Download - page 434

Table of Contents
Combined Notes to Consolidated Financial Statements—(Continued)
(Dollars in millions, except per share data unless otherwise noted)
December 31,
2015 2014
Receivables from affiliates (current):
ComEd $ 15 $ 43
PECO 36 29
BGE 31 40
Other 1 1
Total receivables from affiliates (current) $ 83 $ 113
Intercompany money pool (current):
Exelon Corporate $1,252 $ —
Long-term debt due to affiliates (current):
Exelon Corporate $ — $ 556
Payables to affiliates (current):
Exelon Corporate $ 16 $ 12
BSC 78 83
ComEd 9 12
Other 1 —
Total payables to affiliates (current) $ 104 $ 107
Long-term debt due to affiliates (noncurrent):
Exelon Corporate $ 933 $ 943
Payables to affiliates (noncurrent):
BSC $ — $ 1
ComEd 2,172 2,389
PECO 405 490
Total payables to affiliates (noncurrent) $2,577 $2,880
(a) Generation has an ICC-approved RFP contract with ComEd to provide a portion of ComEd’s electricity supply requirements. Generation also sells RECs to ComEd. In addition,
Generation had revenue from ComEd associated with the settled portion of the financial swap contract established as part of the Illinois Settlement. See Note 3—Regulatory
Matters for additional information.
(b) Generation provides electric supply to PECO under contracts executed through PECO’s competitive procurement process. In addition, Generation has five-year and ten-year
agreements with PECO to sell non-solar and solar AECs, respectively. See Note 3—Regulatory Matters for additional information.
(c) Generation provides a portion of BGE’s energy requirements under its MDPSC-approved market-based SOS and gas commodity programs. See Note 3—Regulatory Matters for
additional information.
(d) Beginning in 2012, Generation entered into a power services agency agreement (PSAA) with the CENG plants, which as of April 1, 2014, was amended and extended until the
permanent cessation of power generation by the CENG generation plants. The PSAA is an agreement under which Generation provides scheduling, asset management and
billing services to the CENG plants for a specified monthly fee. The charges for services reflect the cost of the services. On April 1, 2014, Generation and CENG entered into a
Nuclear Operating Services Agreement (NOSA) pursuant to which Generation will operate the CENG nuclear generation fleet owned by CENG subsidiaries and provide corporate
and administrative services for the remaining life of the CENG nuclear plants as if they were part of the Generation nuclear fleet. For further information regarding the Investment in
CENG, see Note 5—Investment in Constellation Energy Nuclear Group, LLC.
(e) CENG owns 100% of four nuclear units in Maryland and New York and 82% of Nine Mile Point Unit 2 in New York. Beginning in 2012, Generation had a PPA under which it
purchased 85% of the nuclear plant output owned by CENG that was not sold to third parties under pre-existing unit-contingent PPAs through 2014. Beginning on January 1,
2015 and continuing to the end of the life of the respective plants, Generation will purchase on a unit-contingent basis 50.01% of the nuclear plant output owned by CENG and a
subsidiary of EDF will purchase on a unit-contingent basis 49.99% of the nuclear plant output owned by CENG (EDF PPA) not sold to third parties. Beginning April 1, 2014, sales
to Generation are eliminated in consolidation. For further information regarding the Investment in CENG, see Note 5—Investment in Constellation Energy Nuclear Group, LLC.
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(a)
(b)
(c)
(l)
(j)
(g)
(l)
(g)
(k)
(k)
Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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