v3.25.2
Consolidated Statements of Operations and Comprehensive Income (Unaudited) - Exelon - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating revenues        
Revenues from alternative revenue programs $ (275) $ (80) $ (402) $ 25
Total operating revenues 5,427 5,361 12,141 11,403
Operating expenses        
Operating and maintenance 1,321 1,209 2,668 2,481
Depreciation and amortization 902 894 1,805 1,773
Taxes other than income taxes 383 360 788 731
Total operating expenses 4,502 4,455 9,679 9,386
Gain on sale of assets 2 7 1 9
Operating income 927 913 2,463 2,026
Other income and (deductions)        
Interest expense, net (524) (476) (1,028) (938)
Other, net 65 64 117 139
Total other income and (deductions) (466) (419) (923) (811)
Income (Loss) before income taxes 461 494 1,540 1,215
Income taxes 70 46 240 109
Net income attributable to common shareholders 391 448 1,300 1,106
Net income 391 448 1,300 1,106
Other comprehensive income, net of income taxes        
Actuarial losses reclassified to periodic benefit cost 5 5 11 10
Pension and non-pension postretirement benefit plans valuation adjustments 1 (2) 5 (26)
Unrealized (loss) gain on cash flow hedges (6) (3) (14) 30
Other comprehensive income 0 0 2 14
Comprehensive income $ 391 $ 448 $ 1,302 $ 1,120
Average shares of common stock outstanding:        
Basic average shares of common stock outstanding (in shares) 1,010 1,001 1,009 1,001
Assumed exercise and/or distributions of stock-based awards (in shares) [1] 2 0 2 0
Diluted average shares of common stock outstanding (in shares) 1,012 1,001 1,011 1,001
Earnings Per Share [Abstract]        
Earnings Per Share, Basic $ 0.39 $ 0.45 $ 1.29 $ 1.11
Earnings Per Share, Diluted $ 0.39 $ 0.45 $ 1.29 $ 1.10
Potomac Electric Power Company        
Operating revenues        
Revenues from alternative revenue programs $ (16) $ 7 $ (14) $ 37
Total operating revenues 776 700 1,635 1,459
Operating expenses        
Operating and maintenance 91 37 187 123
Depreciation and amortization 107 98 212 205
Taxes other than income taxes 109 100 222 203
Total operating expenses 627 534 1,321 1,174
Gain on sale of assets 2 0 1 0
Operating income 151 166 315 285
Other income and (deductions)        
Interest expense, net (54) (46) (106) (92)
Other, net 9 16 20 32
Total other income and (deductions) (45) (30) (86) (60)
Income (Loss) before income taxes 106 136 229 225
Income taxes 22 28 48 42
Net income 84 108 181 183
Delmarva Power and Light Company        
Operating revenues        
Revenues from alternative revenue programs 0 0 (5) 4
Total operating revenues 421 390 969 880
Operating expenses        
Operating and maintenance 50 50 110 101
Depreciation and amortization 63 61 126 122
Taxes other than income taxes 20 19 41 39
Total operating expenses 350 332 787 723
Operating income 71 58 182 157
Other income and (deductions)        
Interest expense, net (25) (24) (50) (46)
Other, net 4 8 8 15
Total other income and (deductions) (21) (16) (42) (31)
Income (Loss) before income taxes 50 42 140 126
Income taxes 11 8 32 25
Net income 39 34 108 101
Pepco Holdings LLC        
Operating revenues        
Revenues from alternative revenue programs (29) (14) (32) 32
Total operating revenues 1,579 1,471 3,357 3,077
Operating expenses        
Operating and maintenance 291 231 586 506
Depreciation and amortization 233 235 467 481
Taxes other than income taxes 136 126 276 254
Total operating expenses 1,310 1,204 2,754 2,539
Gain on sale of assets 2 0 1 0
Operating income 271 267 604 538
Other income and (deductions)        
Interest expense, net (102) (92) (201) (183)
Other, net 17 29 35 57
Total other income and (deductions) (86) (63) (168) (126)
Income (Loss) before income taxes 185 204 436 412
Income taxes 42 46 99 86
Net income 143 158 337 326
Other comprehensive income, net of income taxes        
Comprehensive income 143 158 337 326
Related Party        
Other income and (deductions)        
Interest expense to affiliates, net (7) (7) (12) (12)
Related Party | Potomac Electric Power Company        
Operating revenues        
Operating revenues from affiliates 1 2 4 3
Operating expenses        
Operating and maintenance from affiliates 64 65 126 129
Related Party | Delmarva Power and Light Company        
Operating revenues        
Operating revenues from affiliates 2 1 4 3
Operating expenses        
Operating and maintenance from affiliates 45 46 91 91
Related Party | Pepco Holdings LLC        
Operating revenues        
Operating revenues from affiliates 2 2 5 4
Operating expenses        
Operating and maintenance from affiliates 49 50 103 101
Other income and (deductions)        
Interest expense to affiliates, net (1) 0 (2) 0
Electricity, US Regulated        
Operating revenues        
Electric operating revenues 5,365 5,169 11,182 10,367
Operating expenses        
Purchased power and/or fuel 1,811 1,938 3,995 4,134
Electricity, US Regulated | Potomac Electric Power Company        
Operating revenues        
Electric operating revenues 791 691 1,645 1,419
Operating expenses        
Purchased power and/or fuel 256 234 574 514
Electricity, US Regulated | Delmarva Power and Light Company        
Operating revenues        
Electric operating revenues 386 361 850 773
Operating expenses        
Purchased power and/or fuel 161 147 370 333
Electricity, US Regulated | Pepco Holdings LLC        
Operating revenues        
Electric operating revenues 1,573 1,455 3,264 2,941
Operating expenses        
Purchased power and/or fuel 590 553 1,273 1,160
Natural Gas, US Regulated        
Operating revenues        
Electric operating revenues 337 272 1,361 1,011
Operating expenses        
Purchased power and/or fuel 85 54 423 267
Natural Gas, US Regulated | Delmarva Power and Light Company        
Operating revenues        
Electric operating revenues 33 28 120 100
Operating expenses        
Purchased power and/or fuel 11 9 49 37
Natural Gas, US Regulated | Pepco Holdings LLC        
Operating revenues        
Electric operating revenues 33 28 120 100
Operating expenses        
Purchased power and/or fuel $ 11 $ 9 $ 49 $ 37
[1] The dilutive effects of stock-based compensation awards are calculated using the treasury stock method for all periods presented.