Accounts Receivable (Tables)

6 Months Ended

Jun. 30, 2025

Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]

The following tables present the rollforward of Allowance for Credit Losses on Customer Accounts Receivable.


	Three Months Ended June 30, 2025
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance at March 31, 2025	$	486	$	125	$	160	$	72	$	129	$	69	$	23	$	37
Plus: Current period provision (benefit) for expected credit losses(a)(b)	9		(4)		5		3		5		7		—		(2)
Less: Write-offs, net of recoveries(c)	30		(1)		11		9		11		7		2		2
Balance at June 30, 2025	$	465	$	122	$	154	$	66	$	123	$	69	$	21	$	33

	Three Months Ended June 30, 2024
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance at March 31, 2024	$	346	$	82	$	107	$	52	$	105	$	52	$	17	$	36
Plus: Current period provision (benefit) for expected credit losses	55		38		11		(1)		7		5		1		1
Less: Write-offs, net of recoveries	29		8		6		6		9		4		2		3
Balance at June 30, 2024	$	372	$	112	$	112	$	45	$	103	$	53	$	16	$	34

	Six Months Ended June 30, 2025
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance at December 31, 2024	$	406	$	109	$	133	$	56	$	108	$	59	$	17	$	32
Plus: Current period provision for expected credit losses(a)(d)(e)	142		29		46		26		41		24		10		7
Less: Write-offs(f), net of recoveries(c)	83		16		25		16		26		14		6		6
Balance at June 30, 2025	$	465	$	122	$	154	$	66	$	123	$	69	$	21	$	33

	Six Months Ended June 30, 2024
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance at December 31, 2023	$	317	$	69	$	95	$	46	$	107	$	52	$	19	$	36
Plus: Current period provision for expected credit losses	135		60		34		14		27		18		4		5
Less: Write-offs, net of recoveries	80		17		17		15		31		17		7		7
Balance at June 30, 2024	$	372	$	112	$	112	$	45	$	103	$	53	$	16	$	34

_________

(a)For ComEd, the decrease is primarily attributable to favorable customer payment behavior.

(b)For PECO and ACE, the decrease is primarily a result of decreased receivable balances.

(c)Recoveries were not material to the Registrants.

(d)For PECO, BGE, Pepco, and DPL, the increase is primarily a result of increased receivable balances.

(e)For ACE, the increase is primarily attributable to unfavorable customer payment behavior.

(f)For PECO, the increase is primarily a result of increased terminations.

The following tables present the rollforward of Allowance for Credit Losses on Other Accounts Receivable.


	Three Months Ended June 30, 2025
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance at March 31, 2025	$	113	$	34	$	22	$	6	$	51	$	27	$	9	$	15
Plus: Current period (benefit) provision for expected credit losses(a)(b)(c)	(7)		(3)		(2)		(3)		1		1		—		—
Less: Write-offs, net of recoveries(d)	(1)		—		1		(2)		—		—		—		—
Balance at June 30, 2025	$	107	$	31	$	19	$	5	$	52	$	28	$	9	$	15

	Three Months Ended June 30, 2024
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance at March 31, 2024	$	96	$	19	$	13	$	7	$	57	$	35	$	8	$	14
Plus: Current period provision (benefit) for expected credit losses	16		11		9		(1)		(3)		(1)		(1)		(1)
Less: Write-offs, net of recoveries	4		1		2		1		—		—		—		—
Balance at June 30, 2024	$	108	$	29	$	20	$	5	$	54	$	34	$	7	$	13

	Six Months Ended June 30, 2025
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance at December 31, 2024	$	107	$	34	$	18	$	6	$	49	$	27	$	9	$	13
Plus: Current period provision (benefit) for expected credit losses(a)(b)(c)(e)	8		(1)		7		(2)		4		1		—		3
Less: Write-offs, net of recoveries(d)	8		2		6		(1)		1		—		—		1
Balance at June 30, 2025	$	107	$	31	$	19	$	5	$	52	$	28	$	9	$	15

	Six Months Ended June 30, 2024
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance at December 31, 2023	$	82	$	17	$	8	$	7	$	50	$	28	$	8	$	14
Plus: Current period provision (benefit) for expected credit losses	36		14		15		1		6		6		(1)		1
Less: Write-offs, net of recoveries	10		2		3		3		2		—		—		2
Balance at June 30, 2024	$	108	$	29	$	20	$	5	$	54	$	34	$	7	$	13

_________

(a)For ComEd, the decrease is primarily attributable to favorable payment behavior.

(b)For PECO, the decrease is primarily a result of decreased aging of receivables.

(c)For DPL and ACE, the increase is primarily a result of increased aging of receivables.

(d)Recoveries were not material to the Registrants.

(e)For Pepco, the decrease is primarily a result of changes in customer risk profile.

Unbilled customer revenue

The following table provides additional information about unbilled customer revenues recorded in the Registrants' Consolidated Balance Sheets as of June 30, 2025 and December 31, 2024.


	Unbilled customer revenues(a)
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
June 30, 2025	$	1,256	$	523	$	245	$	191	$	297	$	147	$	63	$	87
December 31, 2024	1,114		335		254		257		268		121		76		71

__________

(a)Unbilled customer revenues are classified in Customer accounts receivable, net in the Registrants' Consolidated Balance Sheets.

Purchases of accounts receivable

For the six months ended June 30, 2025 and 2024, the Utility Registrants were required, under separate legislation and regulations in Illinois, Pennsylvania, Maryland, District of Columbia, Delaware, and New Jersey, to purchase certain receivables from alternative retail electric and, as applicable, natural gas suppliers that participated in the utilities' consolidated billing. The following table presents the total receivables purchased.


	Total receivables purchased
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Six months ended June 30, 2025	$	2,054	$	464	$	598	$	375	$	617	$	383	$	126	$	108
Six months ended June 30, 2024	1,961		450		527		393		591		375		115		101