v3.26.1
Statements of Cash Flows (Unaudited) - BGE - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net income $ 1,315 $ 1,300
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion 1,921 1,806
Deferred income taxes and amortization of investment tax credits 432 165
Other non-cash operating activities 464 734
Changes in assets and liabilities:    
Accounts receivable 787 (460)
Inventories (29) (20)
Accounts payable and accrued expenses (210) (38)
Collateral (paid) received, net 72 14
Income taxes (140) (3)
Regulatory assets and liabilities, net (874) (294)
Pension and non-pension postretirement benefit contributions (356) (302)
Other assets and liabilities 287 (194)
Net cash flows provided by operating activities 3,669 2,711
Cash flows from investing activities    
Capital expenditures (4,558) (3,959)
Other investing activities (2) (5)
Net cash flows used in investing activities (4,560) (3,962)
Cash flows from financing activities    
Changes in short-term borrowings 131 (750)
Proceeds from short-term borrowings with maturities greater than 90 days 500 0
Issuance of long-term debt 3,600 3,800
Retirement of long-term debt (1,600) (807)
Issuance of common stock 382 173
Dividends paid on common stock (860) (808)
Proceeds from employee stock plans 24 11
Other financing activities (57) (56)
Net cash flows provided by financing activities 2,120 1,563
Increase in cash, restricted cash, and cash equivalents 1,229 312
Cash, restricted cash, and cash equivalents at beginning of period 1,201 939
Cash, restricted cash, and cash equivalents at end of period 2,430 1,251
Supplemental cash flow information    
Decrease in capital expenditures not paid (253) (100)
Baltimore Gas and Electric Company    
Cash flows from operating activities    
Net income 353 315
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation, amortization, and accretion 334 318
Deferred income taxes and amortization of investment tax credits 198 43
Other non-cash operating activities 79 89
Changes in assets and liabilities:    
Accounts receivable (16) (21)
Receivables from and payables to affiliates, net (3) (11)
Inventories (4) 8
Accounts payable and accrued expenses (100) (43)
Collateral (paid) received, net (2) 5
Income taxes (160) 15
Regulatory assets and liabilities, net 45 (61)
Pension and non-pension postretirement benefit contributions (44) (37)
Other assets and liabilities 117 114
Net cash flows provided by operating activities 797 734
Cash flows from investing activities    
Capital expenditures (822) (804)
Other investing activities 5 5
Net cash flows used in investing activities (817) (799)
Cash flows from financing activities    
Changes in short-term borrowings 0 (175)
Issuance of long-term debt 925 650
Retirement of long-term debt (350) 0
Dividends paid on common stock (227) (196)
Contributions from parent 474 0
Other financing activities (8) (7)
Net cash flows provided by financing activities 814 272
Increase in cash, restricted cash, and cash equivalents 794 207
Cash, restricted cash, and cash equivalents at beginning of period 220 34
Cash, restricted cash, and cash equivalents at end of period 1,014 241
Supplemental cash flow information    
Decrease in capital expenditures not paid $ (20) $ (50)