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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - ACE - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating revenues        
Revenues from alternative revenue programs $ (54) $ 108 $ (29) $ 513
Total operating revenues 6,154 5,980 17,557 16,360
Operating expenses        
Operating and maintenance 1,275 1,187 3,756 3,535
Depreciation and amortization 908 890 2,681 2,616
Taxes other than income taxes 395 383 1,127 1,063
Total operating expenses 4,961 4,857 14,348 13,429
Operating income 1,196 1,123 3,221 2,931
Other income and (deductions)        
Interest expense, net (490) (431) (1,428) (1,259)
Other, net 57 81 196 331
Total other income and (deductions) (439) (356) (1,250) (946)
Income before income taxes 757 767 1,971 1,985
Income taxes 50 67 158 274
Net income 707 700 1,813 1,711
Related Party        
Other income and (deductions)        
Interest expense to affiliates (6) (6) (18) (18)
Atlantic City Electric Company        
Operating revenues        
Revenues from alternative revenue programs 6 5 (3) 21
Total operating revenues 540 502 1,280 1,172
Operating expenses        
Operating and maintenance 58 56 155 147
Depreciation and amortization 67 77 214 212
Taxes other than income taxes 2 2 7 7
Total operating expenses 410 394 1,052 971
Operating income 130 108 228 201
Other income and (deductions)        
Interest expense, net (21) (19) (59) (52)
Other, net 4 5 12 13
Total other income and (deductions) (17) (14) (47) (39)
Income before income taxes 113 94 181 162
Income taxes 30 23 48 40
Net income 83 71 133 122
Comprehensive income 83 71 133 122
Atlantic City Electric Company | Related Party        
Operating revenues        
Operating revenues from affiliates 1 0 2 1
Operating expenses        
Operating and maintenance from affiliates 38 38 119 112
Electricity, US Regulated        
Operating revenues        
Electric operating revenues 6,012 5,684 16,379 14,579
Operating expenses        
Purchased power and/or fuel 2,349 2,364 6,483 5,766
Electricity, US Regulated | Atlantic City Electric Company        
Operating revenues        
Electric operating revenues 533 497 1,281 1,150
Operating expenses        
Purchased power and/or fuel 245 221 557 493
Natural Gas, US Regulated        
Operating revenues        
Electric operating revenues 196 188 1,207 1,268
Operating expenses        
Purchased power and/or fuel $ 34 $ 33 $ 301 $ 449