v3.26.1
Consolidated Balance Sheets (Unaudited) - ACE - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 1,813 $ 626
Restricted cash 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
Inventory, net    
Regulatory assets 1,352 1,359
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
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
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
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
Atlantic City Electric Company    
Current assets    
Cash and cash equivalents 13 22
Restricted cash 2 2
Accounts receivable    
Customer accounts receivable 236 239
Customer allowance for credit losses (30) (27)
Customer accounts receivable, net 206 212
Other accounts receivable 70 64
Other allowance for credit losses (12) (13)
Other accounts receivable, net 58 51
Inventory, net    
Inventories, net 80 76
Prepaid utility taxes 48 0
Regulatory assets 75 93
Other 8 8
Total current assets 491 476
Property, plant and equipment, net 4,657 4,556
Deferred debits and other assets    
Regulatory assets 588 559
Other 59 41
Total deferred debits and other assets 647 600
Total assets 5,795 5,632
Current liabilities    
Short-term borrowings 0 148
Long-term debt due within one year 4 5
Accrued expenses 54 64
Customer deposits 27 26
Regulatory liabilities 102 48
Total current liabilities 433 496
Long-term debt 2,130 2,028
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 906 869
Regulatory liabilities 129 137
Other 69 74
Total deferred credits and other liabilities 1,104 1,080
Total liabilities 3,667 3,604
Commitments and contingencies
Shareholders’ equity    
Common stock 2,104 2,013
Retained earnings 24 15
Total shareholders’ equity 2,128 2,028
Total liabilities and shareholders’ equity 5,795 5,632
Atlantic City Electric Company | Related Party    
Accounts receivable    
Receivables from affiliates 1 12
Current liabilities    
Accounts payable 23 24
Other 48 0
Atlantic City Electric Company | Nonrelated Party    
Current liabilities    
Accounts payable 164 168
Other $ 11 $ 13