v3.26.1
Consolidated Statements of Operations and Comprehensive Income (Unaudited) - PHI - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating revenues        
Revenues from alternative revenue programs $ (70) $ (275) $ (102) $ (402)
Total operating revenues 5,967 5,427 13,209 12,141
Operating expenses        
Operating and maintenance 1,386 1,321 2,852 2,668
Depreciation and amortization 968 902 1,920 1,805
Taxes other than income taxes 423 383 866 788
Total operating expenses 4,988 4,502 10,625 9,679
Gain on sale of assets 0 2 0 1
Operating income 979 927 2,584 2,463
Other income and (deductions)        
Interest expense, net (568) (524) (1,116) (1,028)
Other, net 90 65 159 117
Total other income and (deductions) (484) (466) (969) (923)
Income before income taxes 495 461 1,615 1,540
Income taxes 99 70 300 240
Net income 396 391 1,315 1,300
Comprehensive income 402 391 1,327 1,302
Related Party        
Other income and (deductions)        
Interest expense to affiliates, net (6) (7) (12) (12)
Pepco Holdings LLC        
Operating revenues        
Revenues from alternative revenue programs (24) (29) (48) (32)
Total operating revenues 1,712 1,579 3,742 3,357
Operating expenses        
Operating and maintenance 337 291 702 586
Depreciation and amortization 245 233 491 467
Taxes other than income taxes 145 136 296 276
Total operating expenses 1,483 1,310 3,209 2,754
Gain on sale of assets 0 2 0 1
Operating income 229 271 533 604
Other income and (deductions)        
Interest expense, net (107) (102) (213) (201)
Other, net 20 17 39 35
Total other income and (deductions) (88) (86) (176) (168)
Income before income taxes 141 185 357 436
Income taxes 32 42 79 99
Net income 109 143 278 337
Comprehensive income 109 143 278 337
Pepco Holdings LLC | Related Party        
Operating revenues        
Operating revenues from affiliates 2 2 5 5
Operating expenses        
Operating and maintenance from affiliates 58 49 118 103
Other income and (deductions)        
Interest expense to affiliates, net (1) (1) (2) (2)
Electricity, US Regulated        
Operating revenues        
Operating revenues 5,710 5,365 11,868 11,182
Operating expenses        
Purchased power and/or fuel 2,132 1,811 4,515 3,995
Electricity, US Regulated | Pepco Holdings LLC        
Operating revenues        
Operating revenues 1,694 1,573 3,628 3,264
Operating expenses        
Purchased power and/or fuel 679 590 1,529 1,273
Natural Gas, US Regulated        
Operating revenues        
Operating revenues 327 337 1,443 1,361
Operating expenses        
Purchased power and/or fuel 79 85 472 423
Natural Gas, US Regulated | Pepco Holdings LLC        
Operating revenues        
Operating revenues 40 33 157 120
Operating expenses        
Purchased power and/or fuel $ 19 $ 11 $ 73 $ 49