XML 54 R42.htm IDEA: XBRL DOCUMENT
v3.25.2

Segments (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Consolidated Segment and Reconciliation |
|  | PJM |  | Other |  | Corporate and Eliminations |  | Total
Three Months Ended June 30, 2025 |  |  |  |  |  |  |  |
Operating revenues |  | $ | 638 |  |  | $ | (1) |  |  | $ | (7) |  |  | $ | 630 |
Operation, maintenance and development expenses (a) |  | 180 |  |  | 12 |  |  |  |  |
Interest expense and other finance charges |  | — |  |  | — |  |  | 62 |  |  | 62 |
Other segment items (b) |  | 343 |  |  |  |  |  |  |
Adjusted EBITDA |  | 115 |  |  |  |  |  |  |
Capital expenditures |  | 33 |  |  | 4 |  |  | — |  |  | 37 |
Three Months Ended June 30, 2024 |  |  |  |  |  |  |  |
Operating revenues |  | $ | 438 |  |  | $ | 58 |  |  | $ | (7) |  |  | $ | 489 |
Operation, maintenance and development expenses (a) |  | 141 |  |  | 23 |  |  |  |  |
Interest expense and other finance charges |  | — |  |  | — |  |  | 62 |  |  | 62 |
Other segment items (b) |  | 202 |  |  |  |  |  |  |
Adjusted EBITDA |  | 95 |  |  |  |  |  |  |
Capital expenditures |  | 14 |  |  | — |  |  | — |  |  | 14 |
|  | PJM |  | Other |  | Corporate and Eliminations |  | Total
Six Months Ended June 30, 2025 |  |  |  |  |  |  |  |
Operating revenues |  | $ | 1,005 |  |  | $ | 41 |  |  | $ | (26) |  |  | $ | 1,020 |
Operation, maintenance and development expenses (a) |  | 318 |  |  | 20 |  |  |  |  |
Interest expense and other finance charges |  | — |  |  | — |  |  | 136 |  |  | 136 |
Other segment items (b) |  | 363 |  |  |  |  |  |  |
Adjusted EBITDA |  | 324 |  |  |  |  |  |  |
Capital expenditures |  | 95 |  |  | 5 |  |  | 1 |  |  | 101 |
Six Months Ended June 30, 2024 |  |  |  |  |  |  |  |
Operating revenues |  | $ | 871 |  |  | $ | 208 |  |  | $ | (81) |  |  | $ | 998 |
Operation, maintenance and development expenses (a) |  | 269 |  |  | 49 |  |  |  |  |
Interest expense and other finance charges |  | — |  |  | — |  |  | 121 |  |  | 121 |
Other segment items (b) |  | 227 |  |  |  |  |  |  |
Adjusted EBITDA |  | 375 |  |  |  |  |  |  |
Capital expenditures |  | 66 |  |  | 14 |  |  | — |  |  | 80 |
__________________ (a)This significant segment expense category aligns with the segment-level information that is regularly provided to the CODM. (b)Other segment items are primarily comprised of fuel and energy purchases. Reconciliation of segment Adjusted EBITDA to Net Income (Loss):
|  | Three Months Ended June 30, |  | Six Months Ended June 30, |  |  |
|  | 2025 |  | 2024 |  | 2025 |  | 2024 |  |  |  |  |
Adjusted EBITDA: |  |  |  |  |  |  |  |  |  |  |  |  |
PJM |  | $ | 115 |  |  | $ | 95 |  |  | $ | 324 |  |  | $ | 375 |  |  |  |  |  |
Total Segment Adjusted EBITDA |  | $ | 115 |  |  | $ | 95 |  |  | $ | 324 |  |  | $ | 375 |  |  |  |  |  |
Reconciling Items: |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense and other finance charges |  | (62) |  |  | (62) |  |  | $ | (136) |  |  | $ | (121) |  |  |  |  |  |
Income tax benefit (expense) |  | (25) |  |  | (112) |  |  | 27 |  |  | (181) |  |  |  |  |  |
Depreciation, amortization and accretion |  | (70) |  |  | (75) |  |  | (144) |  |  | (150) |  |  |  |  |  |
Nuclear fuel amortization |  | (18) |  |  | (28) |  |  | (44) |  |  | (63) |  |  |  |  |  |
Unrealized (gain) loss on commodity derivative contracts |  | 92 |  |  | 91 |  |  | (90) |  |  | (44) |  |  |  |  |  |
Nuclear decommissioning trust funds gain (loss), net |  | 80 |  |  | 27 |  |  | 68 |  |  | 102 |  |  |  |  |  |
Stock-based and other long-term incentive compensation expense |  | (18) |  |  | (14) |  |  | (31) |  |  | (32) |  |  |  |  |  |
Gain (loss) on asset sales, net (a) |  | 9 |  |  | 561 |  |  | 11 |  |  | 885 |  |  |  |  |  |
Operational and other restructuring activities |  | — |  |  | (19) |  |  | (9) |  |  | (21) |  |  |  |  |  |
"Other" operating segment |  | (1) |  |  | 5 |  |  | 8 |  |  | 43 |  |  |  |  |  |
Noncontrolling interest |  | — |  |  | 7 |  |  | — |  |  | 18 |  |  |  |  |  |
Corporate and Eliminations |  | (24) |  |  | (13) |  |  | (42) |  |  | (42) |  |  |  |  |  |
Other items |  | (6) |  |  | (5) |  |  | (5) |  |  | 8 |  |  |  |  |  |
Net Income (Loss) |  | $ | 72 |  |  | $ | 458 |  |  | $ | (63) |  |  | $ | 777 |  |  |  |  |  |
__________________ (a)See Note 17 for additional information.

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration