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Consolidated Balance Sheets (Unaudited) - PHI - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 616 $ 445
Restricted cash and cash equivalents 552 482
Accounts receivable    
Customer accounts receivable 2,971 2,659
Customer allowance for credit losses (426) (317)
Customer accounts receivable, net 2,545 2,342
Other accounts receivable 1,226 1,101
Other allowance for credit losses (111) (82)
Other accounts receivable, net 1,115 1,019
Inventories, net    
Fossil fuel 78 94
Materials and supplies 777 707
Regulatory assets 1,869 2,215
Other 471 473
Total current assets 8,023 7,777
Property, plant and equipment, net 76,661 73,593
Deferred debits and other assets    
Regulatory assets 8,657 8,698
Goodwill 6,630 6,630
Investments 279 251
Other 1,498 1,365
Total deferred debits and other assets 21,386 20,176
Total assets 106,070 101,546
Current liabilities    
Short-term borrowings 1,031 2,523
Long-term debt due within one year 954 1,403
Accrued expenses 1,284 1,375
Customer deposits 432 411
Regulatory liabilities 430 389
Unamortized energy contract liabilities 6 8
Other 569 557
Total current liabilities 7,384 9,591
Long-term debt 43,701 39,692
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 12,551 11,956
Regulatory liabilities 10,563 9,576
Asset retirement obligations 289 267
Non-pension postretirement benefit obligations 528 527
Unamortized energy contract liabilities 22 27
Other 2,287 2,088
Total deferred credits and other liabilities 27,973 26,118
Total liabilities 79,448 75,791
Commitments and contingencies
Members' Equity [Abstract]    
Retained earnings 6,161 5,490
Total liabilities and shareholders’ equity 106,070 101,546
Related Party    
Current liabilities    
Accounts payable 5 5
Nonrelated Party    
Current liabilities    
Accounts payable 2,648 2,846
Pepco Holdings LLC    
Current assets    
Cash and cash equivalents 100 180
Restricted cash and cash equivalents 22 24
Accounts receivable    
Customer accounts receivable 806 745
Customer allowance for credit losses (110) (107)
Customer accounts receivable, net 696 638
Other accounts receivable 321 310
Other allowance for credit losses (46) (50)
Other accounts receivable, net 275 260
Inventories, net    
Fossil fuel 7 9
Materials and supplies 320 287
Regulatory assets 326 337
Other 70 100
Total current assets 1,822 1,838
Property, plant and equipment, net 19,632 18,851
Deferred debits and other assets    
Regulatory assets 1,597 1,587
Goodwill 4,005 4,005
Investments 151 143
Prepaid pension asset 272 268
Total deferred debits and other assets 6,218 6,214
Total assets 27,672 26,903
Current liabilities    
Short-term borrowings 218 394
Long-term debt due within one year 140 644
Accrued expenses 330 338
Customer deposits 111 100
Regulatory liabilities 73 71
Unamortized energy contract liabilities 6 8
PPA termination obligation 10 49
Total current liabilities 1,754 2,549
Long-term debt 8,995 8,004
Deferred credits and other liabilities    
Deferred income taxes and unamortized investment tax credits 3,157 3,031
Regulatory liabilities 828 904
Asset retirement obligations 56 55
Non-pension postretirement benefit obligations 36 40
Unamortized energy contract liabilities 23 27
Other 481 511
Total deferred credits and other liabilities 4,581 4,568
Total liabilities 15,330 15,121
Commitments and contingencies
Members' Equity [Abstract]    
Membership interest 12,562 12,057
Retained earnings (220) (275)
Total members' equity 12,342 11,782
Total liabilities and shareholders’ equity 27,672 26,903
Pepco Holdings LLC | Related Party    
Accounts receivable    
Receivables from affiliates 6 3
Current liabilities    
Accounts payable 54 59
Other 75 65
Pepco Holdings LLC | Nonrelated Party    
Deferred debits and other assets    
Other 193 211
Current liabilities    
Accounts payable 635 683
Other $ 102 $ 138