v3.25.2
Balance Sheets (Unaudited) - Pepco - 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    
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
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
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
Other 2,180 2,282
Total deferred credits and other liabilities 28,454 27,915
Total liabilities 83,527 80,863
Commitments and contingencies
Shareholders’ equity    
Common stock 21,544 21,338
Retained earnings 6,917 6,426
Total shareholders’ equity 27,620 26,921
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
Potomac Electric Power Company    
Current assets    
Cash and cash equivalents 22 30
Restricted cash and cash equivalents 22 21
Accounts receivable    
Customer accounts receivable 456 395
Customer allowance for credit losses (69) (59)
Customer accounts receivable, net 387 336
Other accounts receivable 148 142
Other allowance for credit losses (28) (27)
Other accounts receivable, net 120 115
Inventories, net    
Inventories, net 187 169
Regulatory assets 154 157
Prepaid renewable energy credits 86 165
Other 17 55
Total current assets 996 1,049
Property, plant and equipment, net 10,327 10,097
Deferred debits and other assets    
Regulatory assets 425 446
Investments 137 135
Prepaid pension asset 208 222
Total deferred debits and other assets 826 854
Total assets 12,149 12,000
Current liabilities    
Short-term borrowings 149 200
Long-term debt due within one year 6 6
Accrued expenses 160 201
Customer deposits 58 55
Regulatory liabilities 8 17
Merger related obligation 21 22
Renewable energy credit obligations 87 169
Total current liabilities 884 1,118
Long-term debt 4,552 4,356
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 1,543 1,509
Regulatory liabilities 293 310
Asset retirement obligations 50 49
Other 212 223
Total deferred credits and other liabilities 2,098 2,091
Total liabilities 7,534 7,565
Commitments and contingencies
Shareholders’ equity    
Common stock 3,492 3,335
Retained earnings 1,123 1,100
Total shareholders’ equity 4,615 4,435
Total liabilities and shareholders’ equity 12,149 12,000
Potomac Electric Power Company | Related Party    
Accounts receivable    
Receivables from affiliates 1 1
Current liabilities    
Accounts payable 34 37
Potomac Electric Power Company | Nonrelated Party    
Deferred debits and other assets    
Other 56 51
Current liabilities    
Accounts payable 316 360
Other $ 45 $ 51