v3.26.3
Revenue (Tables)
 9 Months Ended
Sep. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Components of Operating Revenues
The components of operating revenues for the periods were:
 Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Electricity sales and ancillary services, ISO/RTO$1,284 $496 $3,246 $1,385 
Capacity revenues323 166 767 303 
Physical electricity sales, bilateral contracts, other56 35 112 72 
Total revenue from contracts with customers1,663 697 4,125 1,760 
Realized and unrealized gain (loss) on derivative instruments(336)115 (922)65 
Other revenue— — — 7 
Operating revenues$1,327 $812 $3,203 $1,832 
Schedule of Accounts Receivable
“Accounts receivable” presented on the Consolidated Balance Sheets were:
September 30,
2026		December 31,
2025
Customer accounts receivable$258 $160 
Other accounts receivable46 36 
Accounts receivable$304 $196 
Schedule of Expected Capacity Revenues
Future performance obligations that were unsatisfied or partially unsatisfied were:
2026 (a)
2027202820292030
Thereafter (b)
Total
Expected capacity revenues (c)
$319 $1,270 $1,248 $529 $36 $109 $3,511 
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(a)Estimated for the period from October 1, 2026 through December 31, 2026.
(b)Contractual maturities through 2035.
(c)Includes capacity revenues from volumes awarded in PJM BRAs through May 2029.
Schedule of Deferred Capacity Obligation
The future expected capacity monetization repayments are:
20262027202820292030Total
Expected amortization of deferred capacity obligation$— $432 $757 $311 $— $1,500