Related Party Transactions (All Registrants) Service Company Costs for Corporate Support The Registrants receive a variety of corporate support services from BSC. Pepco, DPL, and ACE also receive corporate support services from PHISCO. See Note 1 — Significant Accounting Policies for additional information regarding BSC and PHISCO.
The following table presents the service company costs allocated to the Registrants: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Operating and maintenance from affiliates | | Capitalized costs | | | Three Months Ended June 30, | | Six Months Ended June 30, | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | | 2025 | | 2024 | | 2025 | | 2024 | Exelon | | | | | | | | | | | | | | | | | BSC | | | | | | | | | | $ | 162 | | | $ | 159 | | | $ | 323 | | | $ | 317 | | PHISCO | | | | | | | | | | 29 | | | 29 | | | 53 | | | 58 | | ComEd | | | | | | | | | | | | | | | | | BSC | | $ | 100 | | | $ | 104 | | | $ | 200 | | | $ | 204 | | | 61 | | | 63 | | | 124 | | | 134 | | PECO | | | | | | | | | | | | | | | | | BSC | | 61 | | | 61 | | | 120 | | | 119 | | | 28 | | | 29 | | | 54 | | | 58 | | BGE | | | | | | | | | | | | | | | | | BSC | | 63 | | | 62 | | | 125 | | | 121 | | | 32 | | | 25 | | | 65 | | | 49 | | PHI | | | | | | | | | | | | | | | | | BSC | | 49 | | | 49 | | | 100 | | | 99 | | | 41 | | | 42 | | | 80 | | | 76 | | PHISCO | | — | | | — | | | — | | | — | | | 29 | | | 29 | | | 53 | | | 58 | | Pepco | | | | | | | | | | | | | | | | | BSC | | 32 | | | 32 | | | 63 | | | 63 | | | 17 | | | 18 | | | 34 | | | 35 | | PHISCO | | 32 | | | 33 | | | 62 | | | 66 | | | 12 | | | 12 | | | 23 | | | 24 | | | | | | | | | | | | | | | | | | | DPL | | | | | | | | | | | | | | | | | BSC | | 20 | | | 20 | | | 40 | | | 39 | | | 12 | | | 13 | | | 24 | | | 25 | | PHISCO | | 26 | | | 26 | | | 50 | | | 51 | | | 9 | | | 8 | | | 16 | | | 17 | | | | | | | | | | | | | | | | | | | ACE | | | | | | | | | | | | | | | | | BSC | | 16 | | | 16 | | | 32 | | | 32 | | | 9 | | | 10 | | | 18 | | | 15 | | PHISCO | | 24 | | | 25 | | | 47 | | | 48 | | | 8 | | | 9 | | | 14 | | | 17 | |
Current Receivables from/Payables to Affiliates The following tables present current Receivables from affiliates and current Payables to affiliates: June 30, 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Receivables from affiliates: | | | | Payables to affiliates: | | ComEd | | PECO | | BGE | | | | Pepco | | DPL | | ACE | | BSC | | PHISCO | | Other | | Total | ComEd | | | | $ | — | | | $ | — | | | | | $ | — | | | $ | — | | | $ | — | | | $ | 61 | | | $ | — | | | $ | 5 | | | $ | 66 | | PECO | | $ | 8 | | | | | — | | | | | — | | | — | | | — | | | 35 | | | — | | | 2 | | | 45 | | BGE | | — | | | — | | | | | | | — | | | — | | | — | | | 35 | | | — | | | 1 | | | 36 | | PHI | | — | | | — | | | — | | | | | — | | | — | | | — | | | 5 | | | — | | | 11 | | | 16 | | Pepco | | — | | | — | | | — | | | | | | | — | | | — | | | 18 | | | 16 | | | — | | | 34 | | DPL | | — | | | — | | | — | | | | | — | | | | | — | | | 11 | | | 12 | | | 1 | | | 24 | | ACE | | — | | | — | | | — | | | | | 1 | | | — | | | | | 9 | | | 11 | | | — | | | 21 | | Other | | 4 | | | — | | | — | | | | | — | | | 1 | | | 10 | | | 1 | | | — | | | | | 16 | | Total | | $ | 12 | | | $ | — | | | $ | — | | | | | $ | 1 | | | $ | 1 | | | $ | 10 | | | $ | 175 | | | $ | 39 | | | $ | 20 | | | $ | 258 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
December 31, 2024 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Receivables from affiliates: | | | | Payables to affiliates: | | ComEd | | PECO | | BGE | | | | Pepco | | DPL | | ACE | | BSC | | PHISCO | | Other | | Total | ComEd | | | | $ | — | | | $ | — | | | | | $ | — | | | $ | — | | | $ | — | | | $ | 67 | | | $ | — | | | $ | 10 | | | $ | 77 | | PECO | | $ | — | | | | | — | | | | | — | | | — | | | — | | | 37 | | | — | | | 4 | | | 41 | | BGE | | — | | | — | | | | | | | — | | | — | | | — | | | 47 | | | — | | | 1 | | | 48 | | PHI | | — | | | — | | | — | | | | | — | | | — | | | — | | | 7 | | | 1 | | | 10 | | | 18 | | Pepco | | — | | | — | | | — | | | | | | | — | | | — | | | 21 | | | 15 | | | 1 | | | 37 | | DPL | | — | | | — | | | — | | | | | — | | | | | — | | | 14 | | | 11 | | | 1 | | | 26 | | ACE | | — | | | — | | | — | | | | | — | | | — | | | | | 11 | | | 10 | | | 1 | | | 22 | | Other | | 4 | | | — | | | — | | | | | 1 | | | — | | | 7 | | | — | | | — | | | | | 12 | | Total | | $ | 4 | | | $ | — | | | $ | — | | | | | $ | 1 | | | $ | — | | | $ | 7 | | | $ | 204 | | | $ | 37 | | | $ | 28 | | | $ | 281 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Borrowings from Exelon/PHI intercompany money pool To provide an additional short-term borrowing option that will generally be more favorable to the borrowing participants than the cost of external financing both Exelon and PHI operate an intercompany money pool. PECO and PHI Corporate participate in the Exelon intercompany money pool. Pepco, DPL, and ACE participate in the PHI intercompany money pool. Long-term debt to financing trusts The following table presents Long-term debt to financing trusts: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | Exelon | | ComEd | | PECO | | Exelon | | ComEd | | PECO | ComEd Financing III | $ | 206 | | | $ | 206 | | | $ | — | | | $ | 206 | | | $ | 206 | | | $ | — | | PECO Trust III | 81 | | | — | | | 81 | | | 81 | | | — | | | 81 | | PECO Trust IV | 103 | | | — | | | 103 | | | 103 | | | — | | | 103 | | Total | $ | 390 | | | $ | 206 | | | $ | 184 | | | $ | 390 | | | $ | 206 | | | $ | 184 | |
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