EXELON CORP

For the period ended Dec 31, 2024. Filed Feb 12, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 12, 2025

EXC$45.53-0.3%Stored close · as of Nov 10, 2026

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Contents

7. Property, Plant, and Equipment

Note 7 — Property, Plant, and Equipment

Property, Plant, and Equipment (All Registrants)

The following tables present a summary of property, plant, and equipment by asset category at December 31, 2024 and 2023:

Asset Category	Exelon	ComEd	PECO	BGE	PHI	Pepco	DPL	ACE
Electric—transmission and distribution	$79,283	$36,493	$12,234	$11,131	$21,130	$13,593	$6,086	$5,947
Gas—transportation and distribution	9,599	—	4,247	4,796	821	—	976	—
Common—electric and gas	2,630	—	1,064	1,385	272	—	241	—
Construction work in progress	4,306	1,219	813	779	1,472	1,002	275	187
Other property, plant, and equipment(a)	809	118	76	48	86	24	37	30
Total property, plant, and equipment	96,627	37,830	18,434	18,139	23,781	14,619	7,615	6,164
Less: accumulated depreciation	18,445	7,619	4,042	5,005	3,728	4,522	2,075	1,798
Property, plant, and equipment, net	$78,182	$30,211	$14,392	$13,134	$20,053	$10,097	$5,540	$4,366
Electric—transmission and distribution	$74,102	$34,834	$11,295	$10,537	$19,153	$12,429	$5,590	$5,659
Gas—transportation and distribution	8,818	—	3,905	4,428	748	—	905	—
Common—electric and gas	2,510	—	1,083	1,275	243	—	211	—
Construction work in progress	4,589	1,369	879	561	1,762	1,226	345	189
Other property, plant and equipment(a)	825	107	63	45	120	59	39	28
Total property, plant and equipment	90,844	36,310	17,225	16,846	22,026	13,714	7,090	5,876
Less: accumulated depreciation	17,251	7,222	4,097	4,744	3,175	4,284	1,925	1,684
Property, plant, and equipment, net	$73,593	$29,088	$13,128	$12,102	$18,851	$9,430	$5,165	$4,192

(a)Primarily composed of land and non-utility property.

Note 7 — Property, Plant, and Equipment

The following table presents the average service life for each asset category in number of years:

	Average Service Life (years)
Asset Category	Exelon	ComEd	PECO	BGE	PHI	Pepco	DPL	ACE
Electric - transmission and distribution	5-80	5-80	5-70	5-80	5-75	5-75	5-75	5-75
Gas - transportation and distribution	5-80	N/A	5-70	5-80	5-75	N/A	5-75	N/A
Common - electric and gas	4-75	N/A	5-55	4-50	5-75	N/A	5-75	N/A
Other property, plant, and equipment	4-61	29-50	50	20-50	10-43	10-33	10-43	10-43

The following table presents the annual depreciation rates for each asset category.

	Annual Depreciation Rates
	Exelon	ComEd	PECO	BGE	PHI	Pepco	DPL	ACE
Electric—transmission and distribution	2.83%	3.06%	2.30%	2.55%	2.87%	2.49%	2.99%	3.41%
Gas—transportation and distribution	2.12%	N/A	1.96%	2.42%	1.38%	N/A	1.38%	N/A
Common—electric and gas	7.00%	N/A	6.73%	7.81%	4.82%	N/A	6.14%	N/A
Electric—transmission and distribution	2.90%	3.02%	2.30%	2.89%	3.03%	2.51%	3.29%	3.66%
Gas—transportation and distribution	2.15%	N/A	1.85%	2.56%	1.44%	N/A	1.44%	N/A
Common—electric and gas	7.77%	N/A	6.87%	8.68%	7.18%	N/A	8.79%	N/A
Electric—transmission and distribution	2.87%	3.00%	2.29%	2.82%	2.96%	2.58%	3.08%	3.38%
Gas—transportation and distribution	2.14%	N/A	1.87%	2.53%	1.45%	N/A	1.45%	N/A
Common—electric and gas	7.54%	N/A	6.31%	8.20%	8.96%	N/A	10.03%	N/A

AFUDC

The following table summarizes credits to AFUDC by year:

	For the Years Ended December 31,
	2024	2023	2022
Exelon	$251	$256	$215
ComEd	75	72	54
PECO	48	46	42
BGE	39	25	29
PHI	89	113	90
Pepco	62	85	69
DPL	19	16	10
ACE	8	12	11

See Note 1 — Significant Accounting Policies for additional information regarding property, plant and equipment policies. See Note 16 — Debt and Credit Agreements for additional information regarding Exelon’s, ComEd’s, PECO's, Pepco's, DPL's, and ACE’s property, plant and equipment subject to mortgage liens.

ContentsView on SEC.gov

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