v3.26.1
Consolidated Balance Sheets (Unaudited) - PHI - 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
Goodwill 6,630 6,630
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
Unamortized energy contract liabilities 4 5
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
Unamortized energy contract liabilities 14 16
Other 2,587 2,169
Total deferred credits and other liabilities 31,096 29,638
Total liabilities 90,807 87,772
Commitments and contingencies
Members' Equity [Abstract]    
Retained earnings 8,031 7,577
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
Pepco Holdings LLC    
Current assets    
Cash and cash equivalents 47 103
Restricted cash and cash equivalents 36 38
Accounts receivable    
Customer accounts receivable 928 975
Customer allowance for credit losses (128) (115)
Customer accounts receivable, net 800 860
Other accounts receivable 308 292
Other allowance for credit losses (48) (49)
Other accounts receivable, net 260 243
Inventories, net    
Fossil fuel 7 9
Materials and supplies 374 357
Prepaid utility taxes 54 77
Regulatory assets 324 352
Prepaid renewable energy credits 105 201
Other 48 34
Total current assets 2,060 2,288
Property, plant and equipment, net 21,861 21,377
Deferred debits and other assets    
Regulatory assets 1,557 1,556
Goodwill 4,005 4,005
Investments 160 158
Prepaid pension asset 207 199
Total deferred debits and other assets 6,087 6,050
Total assets 30,008 29,715
Current liabilities    
Short-term borrowings 32 612
Long-term debt due within one year 76 64
Accrued expenses 338 359
Customer deposits 131 123
Regulatory liabilities 159 103
Unamortized energy contract liabilities 4 5
Renewable energy credit obligations 140 223
Total current liabilities 1,855 2,577
Long-term debt 9,978 9,526
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 3,519 3,391
Regulatory liabilities 740 722
Asset retirement obligations 57 62
Non-pension postretirement benefit obligations 17 24
Unamortized energy contract liabilities 14 16
Other 412 418
Total deferred credits and other liabilities 4,759 4,633
Total liabilities 16,592 16,736
Commitments and contingencies
Members' Equity [Abstract]    
Membership interest 13,536 13,130
Retained earnings (120) (151)
Total members' equity 13,416 12,979
Total liabilities and shareholders’ equity 30,008 29,715
Pepco Holdings LLC | Related Party    
Accounts receivable    
Receivables from affiliates 5 14
Current liabilities    
Accounts payable 61 71
Other 92 80
Pepco Holdings LLC | Nonrelated Party    
Deferred debits and other assets    
Other 158 132
Current liabilities    
Accounts payable 703 816
Other $ 119 $ 121