Accounts Receivable (Tables)

9 Months Ended

Sep. 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 September 30, 2026
	Exelon		ComEd(b)(c)		PECO		BGE(d)		PHI		Pepco(e)		DPL		ACE(e)(f)
Balance at June 30, 2026	$	508	$	102	$	142	$	136	$	128	$	77	$	21	$	30
Plus: Current period provision for expected credit losses	71		22		21		2		26		16		4		6
Less: Write-offs, net of recoveries(a)	72		19		28		7		18		9		4		5
Balance at September 30, 2026	$	507	$	105	$	135	$	131	$	136	$	84	$	21	$	31

	Three Months Ended September 30, 2025
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance at June 30, 2025	$	465	$	122	$	154	$	66	$	123	$	69	$	21	$	33
Plus: Current period provision for expected credit losses	82		37		22		8		15		11		3		1
Less: Write-offs, net of recoveries	96		44		31		6		15		8		4		3
Balance at September 30, 2025	$	451	$	115	$	145	$	68	$	123	$	72	$	20	$	31

_________

(a)Recoveries were not material to the Registrants.

(b)For ComEd, the decrease in current period provision for expected credit losses when comparing to three months ended September 30, 2025, is primarily the result of decreased aging of receivables.

(c)For ComEd, the decrease in write-offs, net of recoveries when comparing to three months ended September 30, 2025, is primarily the result of decreased disconnection activities.

(d)For BGE, the decrease in current period provision for expected credit losses when comparing to three months ended September 30, 2025, is primarily the result of increased collection activities.

(e)For Pepco and ACE, the increase in current period provision for expected credit losses when comparing to three months ended September 30, 2025, is primarily the result of increased receivable balances.

(f)For ACE, the increase in write-offs, net of recoveries when comparing to three months ended September 30, 2025, is primarily the result of unfavorable customer behavior.


	Nine Months Ended September 30, 2026
	Exelon		ComEd(b)		PECO(c)(d)(e)		BGE(f)(g)		PHI		Pepco(f)(h)		DPL(i)		ACE(f)(h)
Balance at December 31, 2025	$	435	$	115	$	137	$	68	$	115	$	69	$	19	$	27
Plus: Current period provision for expected credit losses	265		49		59		90		67		41		11		15
Less: Write-offs, net of recoveries(a)	193		59		61		27		46		26		9		11
Balance at September 30, 2026	$	507	$	105	$	135	$	131	$	136	$	84	$	21	$	31

	Nine Months Ended September 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	224		66		68		34		56		35		13		8
Less: Write-offs, net of recoveries	179		60		56		22		41		22		10		9
Balance at September 30, 2025	$	451	$	115	$	145	$	68	$	123	$	72	$	20	$	31

_________

(a)Recoveries were not material to ComEd, BGE, Pepco, DPL, or ACE.

(b)For ComEd, the decrease in current period provision for expected credit losses when comparing to nine months ended September 30, 2025, is primarily the result of decreased aging of receivables.

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

(d)For PECO, the increase in write-offs, net of recoveries when comparing to nine months ended September 30, 2025, is primarily the result of increased disconnection activities.

(e)For PECO, the increase in recoveries collected when comparing to nine months ended September 30, 2025, is primarily the result of increased customer repayments.

(f)For BGE, Pepco, and ACE, the increase in current period provision for expected credit losses when comparing to nine months ended September 30, 2025, is primarily the result of increased receivable balances.

(g)For BGE, the increase in write-offs, net of recoveries when comparing to nine months ended September 30, 2025, is primarily the result of increased receivable balances associated with increased customer billings.

(h)For Pepco and ACE the increase in write-offs, net of recoveries when comparing to nine months ended September 30, 2025, is primarily the result of unfavorable customer behavior.

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

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



	Three Months Ended September 30, 2026
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE(b)
Balance at June 30, 2026	$	94	$	25	$	18	$	3	$	48	$	25	$	11	$	12
Plus: Current period provision for expected credit losses	15		6		3		1		5		1		1		3
Less: Write-offs, net of recoveries(a)	13		5		5		1		2		—		1		1
Balance at September 30, 2026	$	96	$	26	$	16	$	3	$	51	$	26	$	11	$	14

	Three Months Ended September 30, 2025
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
Balance at June 30, 2025	$	107	$	31	$	19	$	5	$	52	$	28	$	9	$	15
Plus: Current period provision (benefit) for expected credit losses	7		5		2		1		(1)		—		—		(1)
Less: Write-offs, net of recoveries	16		11		4		1		—		—		—		—
Balance at September 30, 2025	$	98	$	25	$	17	$	5	$	51	$	28	$	9	$	14

_________

(a)Recoveries were not material to the Registrants.

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


	Nine Months Ended September 30, 2026
	Exelon		ComEd(b)		PECO		BGE		PHI		Pepco		DPL(b)(c)		ACE(b)
Balance at December 31, 2025	$	94	$	23	$	18	$	4	$	49	$	26	$	10	$	13
Plus: Current period provision for expected credit losses	32		14		6		3		9		1		3		5
Less: Write-offs, net of recoveries(a)	30		11		8		4		7		1		2		4
Balance at September 30, 2026	$	96	$	26	$	16	$	3	$	51	$	26	$	11	$	14

	Nine Months Ended September 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	15		4		9		(1)		3		1		—		2
Less: Write-offs, net of recoveries	24		13		10		—		1		—		—		1
Balance at September 30, 2025	$	98	$	25	$	17	$	5	$	51	$	28	$	9	$	14

_________

(a)Recoveries were not material to the Registrants.

(b)For ComEd, DPL, and ACE, the increase in current period provision for expected credit losses when comparing to nine months ended September 30, 2025, is primarily the result of increased receivable balances.

(c)For DPL, the increase in write-offs, net of recoveries when comparing to nine months ended September 30, 2025, is primarily the result of unfavorable customer behavior.

Unbilled customer revenue

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


	Unbilled customer revenues(a)
	Exelon		ComEd		PECO		BGE		PHI		Pepco		DPL		ACE
September 30, 2026	$	887	$	313	$	160	$	180	$	234	$	122	$	59	$	53
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 nine months ended September 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
Nine months ended September 30, 2026	$	3,708	$	967	$	1,091	$	492	$	1,158	$	745	$	209	$	204
Nine months ended September 30, 2025	3,320		814		954		550		1,002		624		201		177