ATLANTIC CITY ELECTRIC CO
For the period ended Dec 31, 2025. Filed Feb 12, 2026.
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FY2025 · Filed Feb 12, 2026
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5. Accounts Receivable
- Accounts Receivable (All Registrants)
Allowance for Credit Losses on Accounts Receivable
The following tables present the rollforward of Allowance for Credit Losses on Customer Accounts Receivable.
| Year Ended December 31, 2025 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Exelon | ComEd | PECO | BGE | PHI | Pepco | DPL | ACE | |
| Balance at December 31, 2024 | $406 | $109 | $133 | $56 | $108 | $59 | $17 | $32 |
| Plus: Current period provision for expected credit losses(a)(b)(c) | 289 | 90 | 91 | 43 | 65 | 41 | 16 | 8 |
| Less: Write-offs(d)(e), net of recoveries(f)(g) | 260 | 84 | 87 | 31 | 58 | 31 | 14 | 13 |
| Balance at December 31, 2025 | $435 | $115 | $137 | $68 | $115 | $69 | $19 | $27 |
| Year Ended December 31, 2024 | ||||||||
| Exelon | ComEd | PECO | BGE | PHI | Pepco | DPL | ACE | |
| Balance at December 31, 2023 | $317 | $69 | $95 | $46 | $107 | $52 | $19 | $36 |
| Plus: Current period provision for expected credit losses | 248 | 78 | 72 | 37 | 61 | 39 | 10 | 12 |
| Less: Write-offs, net of recoveries | 159 | 38 | 34 | 27 | 60 | 32 | 12 | 16 |
| Balance at December 31, 2024 | $406 | $109 | $133 | $56 | $108 | $59 | $17 | $32 |
(a)For ComEd, the increase is primarily a result of increased aging of receivables.
(b)For PECO, BGE, and DPL, the increase is primarily a result of increased receivable balances.
(c)For ACE, the decrease is primarily a result of decreased aging of receivables.
(d)For ComEd, PECO, and DPL, the increase is primarily a result of increased disconnection activities.
(e)For ACE, the decrease is primarily a result of decreased disconnection activities.
(f)Recoveries were not material to ComEd, BGE, Pepco, DPL, and ACE.
(g)For PECO, the increase in recoveries collected is primarily a result of increased customer repayments.
Note 5 — Accounts Receivable
The following tables present the rollforward of Allowance for Credit Losses on Other Accounts Receivable.
| Year Ended December 31, 2025 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Exelon | ComEd | PECO | BGE | PHI | Pepco | DPL | ACE | |
| Balance at December 31, 2024 | $107 | $34 | $18 | $6 | $49 | $27 | $9 | $13 |
| Plus: Current period provision (benefit) for expected credit losses(a)(b) | 24 | 10 | 14 | (2) | 2 | (1) | 1 | 2 |
| Less: Write-offs(c)(d), net of recoveries(e) | 37 | 21 | 14 | — | 2 | — | — | 2 |
| Balance at December 31, 2025 | $94 | $23 | $18 | $4 | $49 | $26 | $10 | $13 |
| Year Ended December 31, 2024 | ||||||||
| Exelon | ComEd | PECO | BGE | PHI | Pepco | DPL | ACE | |
| Balance at December 31, 2023 | $82 | $17 | $8 | $7 | $50 | $28 | $8 | $14 |
| Plus: Current period provision (benefit) for expected credit losses | 45 | 21 | 15 | 6 | 3 | (1) | 1 | 3 |
| Less: Write-offs, net of recoveries | 20 | 4 | 5 | 7 | 4 | — | — | 4 |
| Balance at December 31, 2024 | $107 | $34 | $18 | $6 | $49 | $27 | $9 | $13 |
(a)For ComEd, the decrease is primarily a result of decreased aging of receivables.
(b)For BGE, the decrease is primarily a result of decreased receivable balances.
(c)For ComEd and PECO, the increase is primarily a result of increased disconnection activities.
(d)For BGE and ACE, the decrease is primarily a result of decreased disconnection activities.
(e)Recoveries were not material to the Registrants.
Unbilled Customer Revenue
The following table provides additional information about unbilled customer revenues recorded in the Registrants' Consolidated Balance Sheets as of December 31, 2025 and 2024.
| Unbilled customer revenues(a) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Exelon | ComEd | PECO | BGE | PHI | Pepco | DPL | ACE | |
| December 31, 2025 | $1,231 | $301 | $278 | $325 | $327 | $155 | $100 | $72 |
| December 31, 2024 | 1,114 | 335 | 254 | 257 | 268 | 121 | 76 | 71 |
(a)Unbilled customer revenues are classified in Customer accounts receivable, net in the Registrants' Consolidated Balance Sheets.
Other Purchases of Customer and Other Accounts Receivables
For the twelve months ended December 31, 2025 and 2024, the Utility Registrants were required, under separate legislation and regulations in Illinois, Pennsylvania, Maryland, District of Columbia, Delaware, and New Jersey, to purchase certain receivables from alternative retail electric and, as applicable, natural gas suppliers that participated in the utilities' consolidated billing. The following table presents the total receivables purchased.
| Total receivables purchased | ||||||||
|---|---|---|---|---|---|---|---|---|
| Exelon | ComEd | PECO | BGE | PHI | Pepco | DPL | ACE | |
| Year ended December 31, 2025 | $4,341 | $1,066 | $1,257 | $700 | $1,318 | $823 | $263 | $232 |
| Year ended December 31, 2024 | 4,128 | 964 | 1,111 | 778 | 1,275 | 799 | 252 | 224 |
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