v3.26.3
Balance Sheets (Unaudited) - Pepco - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 1,469 $ 626
Restricted cash and cash equivalents 602 525
Accounts receivable    
Customer accounts receivable 3,669 3,732
Customer allowance for credit losses (507) (435)
Customer accounts receivable, net 3,162 3,297
Other accounts receivable 1,574 1,879
Other allowance for credit losses (96) (94)
Other accounts receivable, net 1,478 1,785
Inventories, net    
Regulatory assets 1,278 1,359
Prepaid renewable energy credits 466 563
Other 523 523
Total current assets 9,940 9,546
Property, plant and equipment, net 88,557 84,318
Deferred debits and other assets    
Regulatory assets 9,560 9,214
Investments 336 312
Other 2,018 1,795
Total deferred debits and other assets 23,740 22,706
Total assets 122,237 116,570
Current liabilities    
Short-term borrowings 934 612
Long-term debt due within one year 1,078 1,665
Accrued expenses 1,692 1,582
Customer deposits 609 533
Regulatory liabilities 551 1,128
Renewable energy credit obligations 364 473
Other 675 577
Total current liabilities 9,644 10,331
Long-term debt 50,791 47,413
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 14,596 13,715
Regulatory liabilities 11,684 11,016
Asset retirement obligations 318 321
Other 2,573 2,169
Total deferred credits and other liabilities 31,280 29,638
Total liabilities 92,105 87,772
Commitments and contingencies
Shareholders’ equity    
Common stock 22,663 22,106
Retained earnings 8,325 7,577
Total shareholders’ equity 30,132 28,798
Total liabilities and shareholders’ equity 122,237 116,570
Related Party    
Current liabilities    
Accounts payable 5 5
Nonrelated Party    
Current liabilities    
Accounts payable 3,711 3,721
Potomac Electric Power Company    
Current assets    
Cash and cash equivalents 79 22
Restricted cash and cash equivalents 39 33
Accounts receivable    
Customer accounts receivable 527 484
Customer allowance for credit losses (84) (69)
Customer accounts receivable, net 443 415
Other accounts receivable 157 154
Other allowance for credit losses (26) (26)
Other accounts receivable, net 131 128
Inventories, net    
Inventories, net 187 174
Regulatory assets 160 182
Prepaid renewable energy credits 142 171
Other 25 59
Total current assets 1,230 1,184
Property, plant and equipment, net 10,977 10,747
Deferred debits and other assets    
Regulatory assets 387 405
Investments 145 141
Prepaid pension asset 175 194
Total deferred debits and other assets 777 797
Total assets 12,984 12,728
Current liabilities    
Short-term borrowings 0 303
Long-term debt due within one year 7 6
Accrued expenses 187 173
Customer deposits 68 61
Regulatory liabilities 18 13
Renewable energy credit obligations 144 174
Total current liabilities 921 1,269
Long-term debt 4,933 4,626
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 1,636 1,604
Regulatory liabilities 262 268
Asset retirement obligations 38 45
Other 203 214
Total deferred credits and other liabilities 2,139 2,131
Total liabilities 7,993 8,026
Commitments and contingencies
Shareholders’ equity    
Common stock 3,806 3,528
Retained earnings 1,185 1,174
Total shareholders’ equity 4,991 4,702
Total liabilities and shareholders’ equity 12,984 12,728
Potomac Electric Power Company | Related Party    
Accounts receivable    
Receivables from affiliates 0 0
Receivable from PHI intercompany money pool 24 0
Current liabilities    
Accounts payable 34 37
Potomac Electric Power Company | Nonrelated Party    
Deferred debits and other assets    
Other 70 57
Current liabilities    
Accounts payable 378 418
Other $ 85 $ 84