We have a legal obligation to decommission our nuclear power plants following the permanent cessation of operations. See Note 10 — Asset Retirement Obligations of our 2025 Form 10-K for additional information regarding AROs and the financial statement impact of changes in estimates.

The following table provides a rollforward of the nuclear decommissioning AROs reflected in the Consolidated Balance Sheets from December 31, 2025 to March 31, 2026:


Balance as of December 31, 2025	$	12,908

Accretion expense	165
Net decrease due to changes in, and timing of, estimated future cash flows	(1,277)
Costs incurred related to decommissioning plants	(4)

Balance as of March 31, 2026	$	11,792

During the three months ended March 31, 2026, the net $1,277 million decrease in the ARO for the changes in, and timing of, estimated future cash flows was driven primarily by changes in assumed retirement dates for various plants, including Calvert Cliffs, Fitzpatrick, Limerick, and Nine Mile Point.

The 2026 ARO update resulted in a decrease of $285 million in Operating and maintenance expense for the three months ended March 31, 2026 in the Consolidated Statements of Operations and Comprehensive income.

We had NDT funds totaling $19,494 million and $19,396 million as of March 31, 2026 and December 31, 2025, respectively. The current portions of the NDT funds, which are included in Other current assets in our Consolidated Balance Sheets, were not material as of March 31, 2026 and December 31, 2025. See Note 18 — Supplemental Financial Information for additional information on activities of the NDT funds.

See Note 1 — Basis of Presentation and Note 10 — Asset Retirement Obligations of our 2025 Form 10-K for additional information on the Regulatory Agreement Units.

The following table presents our noncurrent payables to ComEd, PECO, CenterPoint, and AEP Texas reflected as Payables related to Regulatory Agreement Units in the Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025:


	March 31, 2026		December 31, 2025
ComEd	$	4,297	$	4,313
PECO	533		442
CenterPoint	416		430
AEP Texas	143		149
Payables related to Regulatory Agreement Units	$	5,389	$	5,334

NRC regulations require that licensees of nuclear generating facilities demonstrate reasonable assurance that funds will be available in specified minimum amounts for radiological decommissioning of the facility at the end of its life.

We filed our annual decommissioning funding status report with the NRC for our shutdown units, and any units within five years of shutdown in March 2026. The status report demonstrated adequate decommissioning funding assurance as of December 31, 2025 for all units included in the report. See Note 10 — Asset Retirement Obligations of our 2025 Form 10-K for additional information.

We have AROs for plant closure costs associated with our natural gas, oil, battery storage, and renewable generating facilities. The obligations include asbestos abatement, removal of certain storage tanks, restoring leased land to the condition it was in prior to construction of renewable generating stations, disposal of hazardous materials, plug and abandonment of wells, and other decommissioning-related activities. See Note 1 — Basis of Presentation of our 2025 Form 10-K for additional information on the accounting policy for AROs.

The following table provides a rollforward of the non-nuclear AROs reflected in the Consolidated Balance Sheets from December 31, 2025 to March 31, 2026:


Balance as of December 31, 2025	$	317
Acquisition of Calpine(a)	350

Accretion expense	9
Costs incurred related to decommissioning plants	(1)
Balance as of March 31, 2026	$	675

(a)Reflects our decommissioning obligations for Calpine plants acquired on January 7, 2026, which are recorded at estimated fair value. See Note 2 — Mergers, Acquisitions, and Dispositions for additional information. Many of the facilities acquired from Calpine do not have AROs given the absence of legal requirements to perform retirement related activities.