v3.26.1
Balance Sheets (Unaudited) - BGE - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 1,813 $ 626
Restricted cash and cash equivalents 608 525
Accounts receivable    
Customer accounts receivable 3,567 3,732
Customer allowance for credit losses (508) (435)
Customer accounts receivable, net 3,059 3,297
Other accounts receivable 1,294 1,879
Other allowance for credit losses (94) (94)
Other accounts receivable, net 1,200 1,785
Inventories, net    
Fossil fuel 62 88
Materials and supplies 832 780
Regulatory assets 1,352 1,359
Prepaid renewable energy credits 381 563
Other 490 523
Total current assets 9,797 9,546
Property, plant and equipment, net 87,123 84,318
Deferred debits and other assets    
Regulatory assets 9,412 9,214
Investments 327 312
Other 1,936 1,795
Total deferred debits and other assets 23,585 22,706
Total assets 120,505 116,570
Current liabilities    
Short-term borrowings 1,243 612
Long-term debt due within one year 727 1,665
Accrued expenses 1,447 1,582
Customer deposits 589 533
Regulatory liabilities 573 1,128
Renewable energy credit obligations 332 473
Other 590 577
Total current liabilities 9,008 10,331
Long-term debt 50,313 47,413
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 14,348 13,715
Regulatory liabilities 11,727 11,016
Asset retirement obligations 322 321
Non-pension postretirement benefit obligations 564 546
Other 2,587 2,169
Total deferred credits and other liabilities 31,096 29,638
Total liabilities 90,807 87,772
Commitments and contingencies
Shareholders’ equity    
Common stock 22,540 22,106
Retained earnings 8,031 7,577
Total shareholders’ equity 29,698 28,798
Total liabilities and shareholders’ equity 120,505 116,570
Related Party    
Current liabilities    
Accounts payable 5 5
Nonrelated Party    
Current liabilities    
Accounts payable 3,475 3,721
Baltimore Gas and Electric Company    
Current assets    
Cash and cash equivalents 1,010 217
Restricted cash and cash equivalents 4 3
Accounts receivable    
Customer accounts receivable 926 887
Customer allowance for credit losses (136) (68)
Customer accounts receivable, net 790 819
Other accounts receivable 91 100
Other allowance for credit losses (3) (4)
Other accounts receivable, net 88 96
Inventories, net    
Fossil fuel 30 36
Materials and supplies 83 74
Prepaid utility taxes 0 126
Regulatory assets 101 175
Prepaid renewable energy credits 86 189
Other 18 14
Total current assets 2,210 1,750
Property, plant and equipment, net 14,918 14,385
Deferred debits and other assets    
Regulatory assets 774 804
Investments 16 10
Prepaid pension asset 217 194
Total deferred debits and other assets 1,045 1,049
Total assets 18,173 17,184
Current liabilities    
Long-term debt due within one year 0 350
Accrued expenses 176 352
Customer deposits 126 125
Regulatory liabilities 34 31
Renewable energy credit obligations 92 194
Total current liabilities 1,046 1,770
Long-term debt 6,609 5,691
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 2,476 2,242
Regulatory liabilities 559 595
Asset retirement obligations 37 36
Non-pension postretirement benefit obligations 137 144
Other 107 104
Total deferred credits and other liabilities 3,316 3,121
Total liabilities 10,971 10,582
Commitments and contingencies
Shareholders’ equity    
Common stock 4,488 4,014
Retained earnings 2,714 2,588
Total shareholders’ equity 7,202 6,602
Total liabilities and shareholders’ equity 18,173 17,184
Baltimore Gas and Electric Company | Related Party    
Accounts receivable    
Receivables from affiliates 0 1
Current liabilities    
Accounts payable 39 39
Baltimore Gas and Electric Company | Nonrelated Party    
Deferred debits and other assets    
Other 38 41
Current liabilities    
Accounts payable 548 640
Other $ 31 $ 39