ATLANTIC CITY ELECTRIC CO
For the period ended Mar 31, 2026. Filed May 6, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 6, 2026
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15. Related Party Transactions
- Related Party Transactions (All Registrants)
Service Company Costs for Corporate Support
The Registrants receive a variety of corporate support services from BSC. Pepco, DPL, and ACE also receive corporate support services from PHISCO. See Note 1 — Significant Accounting Policies for additional information regarding BSC and PHISCO.
Note 15 — Related Party Transactions
The following table presents the service company costs allocated to the Registrants:
| Operating and maintenance from affiliates · Capitalized costs | ||||||
|---|---|---|---|---|---|---|
| Three Months Ended March 31, · Three Months Ended March 31, | ||||||
| 2026 · 2025 · 2026 · 2025 | ||||||
| Exelon | ||||||
| BSC | $134 | $160 | ||||
| PHISCO | 25 | 25 | ||||
| ComEd | ||||||
| BSC | $103 | $100 | 61 | 62 | ||
| PECO | ||||||
| BSC | 65 | 59 | 21 | 27 | ||
| BGE | ||||||
| BSC | 66 | 63 | 21 | 33 | ||
| PHI | ||||||
| BSC | 58 | 52 | 30 | 39 | ||
| PHISCO | — | — | 25 | 25 | ||
| Pepco | ||||||
| BSC | 35 | 32 | 13 | 17 | ||
| PHISCO | 32 | 31 | 10 | 10 | ||
| DPL | ||||||
| BSC | 22 | 20 | 9 | 12 | ||
| PHISCO | 24 | 25 | 7 | 8 | ||
| ACE | ||||||
| BSC | 17 | 16 | 7 | 8 | ||
| PHISCO | 26 | 23 | 7 | 7 | ||
Note 15 — Related Party Transactions
Current Receivables from/Payables to Affiliates
The following tables present current Receivables from affiliates and current Payables to affiliates:
March 31, 2026
| Receivables from affiliates: | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables to affiliates: · ComEd · PECO · BGE · Pepco · DPL · ACE · BSC · PHISCO · Other · Total | |||||||||||||||||||
| ComEd | $— | $— | $— | $— | $— | $70 | $— | $2 | $72 | ||||||||||
| PECO | $— | — | — | — | — | 36 | — | 5 | 41 | ||||||||||
| BGE | — | — | — | — | — | 31 | — | 1 | 32 | ||||||||||
| PHI(a) | — | — | — | — | — | — | 2 | — | 5 | 7 | |||||||||
| Pepco | — | — | — | — | — | 15 | 16 | 1 | 32 | ||||||||||
| DPL | — | — | — | — | — | 10 | 14 | 1 | 25 | ||||||||||
| ACE | 3 | — | — | — | — | 6 | 10 | 1 | 20 | ||||||||||
| Other | 4 | 2 | 1 | 1 | 2 | 12 | (1) | — | 21 | ||||||||||
| Total | $7 | $2 | $1 | $1 | $2 | $12 | $169 | $40 | $16 | $250 | |||||||||
December 31, 2025
| Receivables from affiliates: | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables to affiliates: · ComEd · PECO · BGE · Pepco · DPL · ACE · BSC · PHISCO · Other · Total | |||||||||||||||||||
| ComEd | $— | $— | $— | $— | $— | $76 | $— | $5 | $81 | ||||||||||
| PECO | $— | — | — | — | — | 33 | — | 2 | 35 | ||||||||||
| BGE | — | — | — | — | — | 39 | — | — | 39 | ||||||||||
| PHI(a) | — | — | — | — | — | — | 5 | 2 | 11 | 18 | |||||||||
| Pepco | — | — | — | — | — | 25 | 11 | 1 | 37 | ||||||||||
| DPL | — | — | — | — | — | 15 | 10 | — | 25 | ||||||||||
| ACE | — | — | — | — | — | 14 | 10 | — | 24 | ||||||||||
| Other | 5 | — | 1 | — | 2 | 12 | — | — | 20 | ||||||||||
| Total | $5 | $— | $1 | $— | $2 | $12 | $207 | $33 | $19 | $279 | |||||||||
(a)PHI is presented exclusive of Pepco, DPL, and ACE, which are included in the table herein.
Borrowings from Exelon/PHI intercompany money pool
To provide an additional short-term borrowing option that will generally be more favorable to the borrowing participants than the cost of external financing both Exelon and PHI operate an intercompany money pool. PECO and PHI Corporate participate in the Exelon intercompany money pool. Pepco, DPL, and ACE participate in the PHI intercompany money pool.
Long-term debt to financing trusts
The following table presents Long-term debt to financing trusts:
| March 31, 2026 | December 31, 2025 | |||||
|---|---|---|---|---|---|---|
| Exelon | ComEd | PECO | Exelon | ComEd | PECO | |
| ComEd Financing III | $206 | $206 | $— | $206 | $206 | $— |
| PECO Trust III | 81 | — | 81 | 81 | — | 81 |
| PECO Trust IV | 103 | — | 103 | 103 | — | 103 |
| Total | $390 | $206 | $184 | $390 | $206 | $184 |
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