v3.25.2
Consolidated Balance Sheets (Unaudited) - PHI - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 724 $ 357
Restricted cash and cash equivalents 478 541
Accounts receivable    
Customer accounts receivable 3,529 3,144
Customer allowance for credit losses (465) (406)
Customer accounts receivable, net 3,064 2,738
Other accounts receivable 1,156 1,123
Other allowance for credit losses (107) (107)
Other accounts receivable, net 1,049 1,016
Inventories, net    
Fossil fuel 59 72
Materials and supplies 809 781
Regulatory assets 1,668 1,940
Prepaid renewable energy credits 349 494
Other 476 445
Total current assets 8,676 8,384
Property, plant and equipment, net 80,609 78,182
Deferred debits and other assets    
Regulatory assets 8,835 8,710
Goodwill 6,630 6,630
Investments 297 290
Other 1,689 1,562
Total deferred debits and other assets 21,862 21,218
Total assets 111,147 107,784
Current liabilities    
Short-term borrowings 1,109 1,859
Long-term debt due within one year 1,818 1,453
Accrued expenses 1,318 1,468
Customer deposits 486 446
Regulatory liabilities 485 411
Unamortized energy contract liabilities 5 5
Renewable energy credit obligations 327 429
Other 536 512
Total current liabilities 9,156 9,611
Long-term debt 45,527 42,947
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 13,221 12,793
Regulatory liabilities 10,644 10,198
Asset retirement obligations 308 301
Non-pension postretirement benefit obligations 486 472
Unamortized energy contract liabilities 18 21
Other 2,180 2,282
Total deferred credits and other liabilities 28,454 27,915
Total liabilities 83,527 80,863
Commitments and contingencies
Members' Equity [Abstract]    
Retained earnings 6,917 6,426
Total liabilities and shareholders’ equity 111,147 107,784
Related Party    
Current liabilities    
Accounts payable 5 5
Nonrelated Party    
Current liabilities    
Accounts payable 3,043 2,994
Pepco Holdings LLC    
Current assets    
Cash and cash equivalents 67 139
Restricted cash and cash equivalents 30 24
Accounts receivable    
Customer accounts receivable 896 827
Customer allowance for credit losses (123) (108)
Customer accounts receivable, net 773 719
Other accounts receivable 278 284
Other allowance for credit losses (52) (49)
Other accounts receivable, net 226 235
Inventories, net    
Fossil fuel 4 7
Materials and supplies 365 325
Prepaid utility taxes 47 70
Regulatory assets 320 323
Prepaid renewable energy credits 100 194
Other 48 36
Total current assets 1,991 2,080
Property, plant and equipment, net 20,636 20,053
Deferred debits and other assets    
Regulatory assets 1,541 1,570
Goodwill 4,005 4,005
Investments 153 152
Prepaid pension asset 244 252
Total deferred debits and other assets 6,069 6,164
Total assets 28,696 28,297
Current liabilities    
Short-term borrowings 230 530
Long-term debt due within one year 214 290
Accrued expenses 305 367
Customer deposits 116 113
Regulatory liabilities 76 69
Unamortized energy contract liabilities 5 5
Renewable energy credit obligations 137 217
Total current liabilities 1,960 2,565
Long-term debt 9,321 8,834
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 3,267 3,190
Regulatory liabilities 753 794
Asset retirement obligations 69 67
Non-pension postretirement benefit obligations 27 31
Unamortized energy contract liabilities 18 21
Other 392 473
Total deferred credits and other liabilities 4,526 4,576
Total liabilities 15,807 15,975
Commitments and contingencies
Members' Equity [Abstract]    
Membership interest 13,084 12,562
Retained earnings (195) (240)
Total members' equity 12,889 12,322
Total liabilities and shareholders’ equity 28,696 28,297
Pepco Holdings LLC | Related Party    
Accounts receivable    
Receivables from affiliates 11 8
Current liabilities    
Accounts payable 55 66
Other 60 63
Pepco Holdings LLC | Nonrelated Party    
Deferred debits and other assets    
Other 126 185
Current liabilities    
Accounts payable 659 721
Other $ 103 $ 124