Accounts Receivable (Tables)

6 Months Ended

Jun. 30, 2026

Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]

The following tables present the rollforward of Allowance for Credit Losses on Customer Accounts Receivable.



	Three Months Ended June 30, 2026
	Exelon		ComEd(b)		PECO(b)(c)		BGE(d)		PHI		Pepco		DPL		ACE
Balance at March 31, 2026	$	522	$	130	$	160	$	101	$	131	$	76	$	24	$	31
Plus: Current period provision (benefit) for expected credit losses	46		(6)		(1)		45		8		8		(1)		1
Less: Write-offs, net of recoveries(a)	60		22		17		10		11		7		2		2
Balance at June 30, 2026	$	508	$	102	$	142	$	136	$	128	$	77	$	21	$	30

	Three Months Ended June 30, 2025
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance at March 31, 2025	$	486	$	125	$	160	$	72	$	129	$	69	$	23	$	37
Plus: Current period provision (benefit) for expected credit losses	9		(4)		5		3		5		7		—		(2)
Less: Write-offs, net of recoveries	30		(1)		11		9		11		7		2		2
Balance at June 30, 2025	$	465	$	122	$	154	$	66	$	123	$	69	$	21	$	33

_________

(a)Recoveries were not material to the Registrants.

(b)For ComEd and PECO, the increase in write-offs, net of recoveries when comparing to three months ended June 30, 2025, is primarily the result of increased disconnection activities.

(c)For PECO, the decrease in current period provision for expected credit losses when comparing to three months ended June 30, 2025, is primarily the result of decreased receivable balances.

(d)For BGE, the increase in current period provision for expected credit losses when comparing to three months ended June 30, 2025, is primarily the result of increased receivable balances.


	Six Months Ended June 30, 2026
	Exelon		ComEd(b)		PECO(b)(c)		BGE(d)		PHI		Pepco		DPL(e)		ACE(f)
Balance at December 31, 2025	$	435	$	115	$	137	$	68	$	115	$	69	$	19	$	27
Plus: Current period provision for expected credit losses	192		26		37		88		41		25		7		9
Less: Write-offs, net of recoveries(a)	119		39		32		20		28		17		5		6
Balance at June 30, 2026	$	508	$	102	$	142	$	136	$	128	$	77	$	21	$	30

	Six Months Ended June 30, 2025
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance at December 31, 2024	$	406	$	109	$	133	$	56	$	108	$	59	$	17	$	32
Plus: Current period provision for expected credit losses	142		29		46		26		41		24		10		7
Less: Write-offs, net of recoveries	83		16		25		16		26		14		6		6
Balance at June 30, 2025	$	465	$	122	$	154	$	66	$	123	$	69	$	21	$	33

_________

(a)Recoveries were not material to the Registrants.

(b)For ComEd and PECO, the increase in write-offs, net of recoveries when comparing to six months ended June 30, 2025, is primarily the result of increased disconnection activities.

(c)For PECO, the decrease in current provision for expected credit losses when comparing to six months ended June 30, 2025, is primarily the result of decreased receivable balances.

(d)For BGE, the increase in current provision for expected credit losses when comparing to six months ended June 30, 2025, is primarily the result of increased receivable balances.

(e)For DPL, the decrease in current provision for expected credit losses when comparing to six months ended June 30, 2025, is primarily the result of favorable customer behavior.

(f)For ACE, the increase in current provision for expected credit losses when comparing to six months ended June 30, 2025, is primarily the result of increased aging of receivables.

The following tables present the rollforward of Allowance for Credit Losses on Other Accounts Receivable.



	Three Months Ended June 30, 2026
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE(b)
Balance at March 31, 2026	$	102	$	27	$	22	$	4	$	49	$	26	$	11	$	12
Plus: Current period provision (benefit) for expected credit losses	1		—		(2)		1		2		(1)		1		2
Less: Write-offs, net of recoveries(a)	9		2		2		2		3		—		1		2
Balance at June 30, 2026	$	94	$	25	$	18	$	3	$	48	$	25	$	11	$	12

	Three Months Ended June 30, 2025
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance at March 31, 2025	$	113	$	34	$	22	$	6	$	51	$	27	$	9	$	15
Plus: Current period (benefit) provision for expected credit losses	(7)		(3)		(2)		(3)		1		1		—		—
Less: Write-offs, net of recoveries	(1)		—		1		(2)		—		—		—		—
Balance at June 30, 2025	$	107	$	31	$	19	$	5	$	52	$	28	$	9	$	15

_________

(a)Recoveries were not material to the Registrants.

(b)For ACE, the increase in current provision for expected credit losses when comparing to three months ended June 30, 2025, is primarily the result of increased aging of receivables.


	Six Months Ended June 30, 2026
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL(b)		ACE
Balance at December 31, 2025	$	94	$	23	$	18	$	4	$	49	$	26	$	10	$	13
Plus: Current period provision for expected credit losses	18		8		4		2		4		—		2		2
Less: Write-offs, net of recoveries(a)	18		6		4		3		5		1		1		3
Balance at June 30, 2026	$	94	$	25	$	18	$	3	$	48	$	25	$	11	$	12

	Six Months Ended June 30, 2025
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance at December 31, 2024	$	107	$	34	$	18	$	6	$	49	$	27	$	9	$	13
Plus: Current period provision (benefit) for expected credit losses	8		(1)		7		(2)		4		1		—		3
Less: Write-offs, net of recoveries	8		2		6		(1)		1		—		—		1
Balance at June 30, 2025	$	107	$	31	$	19	$	5	$	52	$	28	$	9	$	15

_________

(a)Recoveries were not material to the Registrants.

(b)For DPL, the increase in current provision for expected credit losses when comparing to six months ended June 30, 2025, is primarily due to changes in risk profile.

Unbilled customer revenue

The following table provides additional information about unbilled customer revenues recorded in the Registrants' Consolidated Balance Sheets as of June 30, 2026 and December 31, 2025.


	Unbilled customer revenues(a)
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
June 30, 2026	$	1,073	$	367	$	211	$	206	$	289	$	147	$	67	$	75
December 31, 2025	1,231		301		278		325		327		155		100		72

__________

(a)Unbilled customer revenues are classified in Customer accounts receivable, net in the Registrants' Consolidated Balance Sheets.

Purchases of accounts receivable

For the six months ended June 30, 2026 and 2025, the Utility Registrants were required, under separate legislation and regulations in Illinois, Pennsylvania, Maryland, District of Columbia, Delaware, and New Jersey, to purchase certain receivables from alternative retail electric and, as applicable, natural gas suppliers that participated in the utilities' consolidated billing. The following table presents the total receivables purchased.


	Total receivables purchased
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Six months ended June 30, 2026	$	2,333	$	571	$	707	$	325	$	730	$	472	$	132	$	126
Six months ended June 30, 2025	2,054		464		598		375		617		383		126		108