v3.25.2
Revenue from Contracts with Customers (Tables)
6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Change in Contract with Customer, Asset and Liability
The following table provides a rollforward of the contract liabilities reflected in Exelon's, PHI's, Pepco's, DPL's, and ACE's Consolidated Balance Sheets for the three and six months ended June 30, 2025 and 2024. At June 30, 2025 and December 31, 2024, ComEd's, PECO's, and BGE's contract liabilities were immaterial.
Exelon(a)
PHI(a)
Pepco(a)
DPLACE
Balance at December 31, 2024$127 $127 $101 $13 $13 
Revenues recognized(1)(1)(1)— — 
Balance at March 31, 2025$126 $126 $100 $13 $13 
Revenues recognized(3)(3)(2)(1)— 
Balance at June 30, 2025$123 $123 $98 $12 $13 
Exelon(a)
PHI(a)
Pepco(a)
DPLACE
Balance at December 31, 2023$133 $133 $107 $13 $13 
Revenues recognized(2)(2)(2)— — 
Balance at March 31, 2024$131 $131 $105 $13 $13 
Revenues recognized(1)(1)(1)— — 
Balance at June 30, 2024$130 $130 $104 $13 $13 
__________
(a)Revenues recognized in the three and six months ended June 30, 2025 and 2024, were included in the contract liabilities at December 31, 2024 and 2023, respectively.
Transaction Price Allocated to Remaining Performance Obligations
The following table shows the amounts of future revenues expected to be recorded in each year for performance obligations that are unsatisfied or partially unsatisfied as of June 30, 2025. This disclosure only includes contracts for which the total consideration is fixed and determinable at contract inception. The average contract term varies by customer type and commodity but ranges from one month to several years.
This disclosure excludes the Utility Registrants' gas and electric tariff sales contracts and transmission revenue contracts as they generally have an original expected duration of one year or less and, therefore, do not contain any future, unsatisfied performance obligations to be included in this disclosure.
YearExelonPHIPepcoDPLACE
2025$$$$— $
2026— — 
2027— 
2028— 
2029 and thereafter102 102 80 11 11 
Total$123 $123 $98 $12 $13