v3.26.1
Balance Sheets (Unaudited) - Pepco - 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    
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
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
Potomac Electric Power Company    
Current assets    
Cash and cash equivalents 21 22
Restricted cash and cash equivalents 31 33
Accounts receivable    
Customer accounts receivable 495 484
Customer allowance for credit losses (77) (69)
Customer accounts receivable, net 418 415
Other accounts receivable 165 154
Other allowance for credit losses (25) (26)
Other accounts receivable, net 140 128
Inventories, net    
Inventories, net 186 174
Regulatory assets 162 182
Prepaid renewable energy credits 89 171
Other 17 59
Total current assets 1,159 1,184
Property, plant and equipment, net 11,007 10,747
Deferred debits and other assets    
Regulatory assets 391 405
Investments 144 141
Prepaid pension asset 182 194
Total deferred debits and other assets 785 797
Total assets 12,951 12,728
Current liabilities    
Short-term borrowings 0 303
Long-term debt due within one year 7 6
Accrued expenses 172 173
Customer deposits 65 61
Regulatory liabilities 14 13
Renewable energy credit obligations 90 174
Total current liabilities 858 1,269
Long-term debt 4,924 4,626
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 1,664 1,604
Regulatory liabilities 279 268
Asset retirement obligations 39 45
Other 203 214
Total deferred credits and other liabilities 2,185 2,131
Total liabilities 7,967 8,026
Commitments and contingencies
Shareholders’ equity    
Common stock 3,798 3,528
Retained earnings 1,186 1,174
Total shareholders’ equity 4,984 4,702
Total liabilities and shareholders’ equity 12,951 12,728
Potomac Electric Power Company | Related Party    
Accounts receivable    
Receivables from affiliates 0 0
Receivable from PHI intercompany money pool 95 0
Current liabilities    
Accounts payable 41 37
Potomac Electric Power Company | Nonrelated Party    
Deferred debits and other assets    
Other 68 57
Current liabilities    
Accounts payable 383 418
Other $ 86 $ 84