ATLANTIC CITY ELECTRIC CO
For the period ended Jun 30, 2026. Filed Jul 30, 2026.
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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.
Jun 30, 2026 · Filed Jul 30, 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.
| Three Months Ended June 30, 2026 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Exelon | ComEd(b) | PECO(b)(c) | BGE(d) | PHI | Pepco | DPL | ACE | |
| Balance at March 31, 2026 | $522 | $130 | $160 | $101 | $131 | $76 | $24 | $31 |
| Plus: Current period provision (benefit) for expected credit losses | 46 | (6) | (1) | 45 | 8 | 8 | (1) | 1 |
| Less: Write-offs, net of recoveries(a) | 60 | 22 | 17 | 10 | 11 | 7 | 2 | 2 |
| Balance at June 30, 2026 | $508 | $102 | $142 | $136 | $128 | $77 | $21 | $30 |
| Three Months Ended June 30, 2025 | ||||||||
| Exelon | ComEd | PECO | BGE | PHI | Pepco | DPL | ACE | |
| Balance at March 31, 2025 | $486 | $125 | $160 | $72 | $129 | $69 | $23 | $37 |
| Plus: Current period provision (benefit) for expected credit losses | 9 | (4) | 5 | 3 | 5 | 7 | — | (2) |
| Less: Write-offs, net of recoveries | 30 | (1) | 11 | 9 | 11 | 7 | 2 | 2 |
| Balance at June 30, 2025 | $465 | $122 | $154 | $66 | $123 | $69 | $21 | $33 |
(b)For ComEd and PECO, the increase in write-offs, net of recoveries when comparing to three months ended June 30, 2025, is primarily the result of increased disconnection activities.
(c)For PECO, the decrease in current period provision for expected credit losses when comparing to three months ended June 30, 2025, is primarily the result of decreased receivable balances.
(d)For BGE, the increase in current period provision for expected credit losses when comparing to three months ended June 30, 2025, is primarily the result of increased receivable balances.
| Six Months Ended June 30, 2026 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Exelon | ComEd(b) | PECO(b)(c) | BGE(d) | PHI | Pepco | DPL(e) | ACE(f) | |
| Balance at December 31, 2025 | $435 | $115 | $137 | $68 | $115 | $69 | $19 | $27 |
| Plus: Current period provision for expected credit losses | 192 | 26 | 37 | 88 | 41 | 25 | 7 | 9 |
| Less: Write-offs, net of recoveries(a) | 119 | 39 | 32 | 20 | 28 | 17 | 5 | 6 |
| Balance at June 30, 2026 | $508 | $102 | $142 | $136 | $128 | $77 | $21 | $30 |
| Six Months Ended June 30, 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 | 142 | 29 | 46 | 26 | 41 | 24 | 10 | 7 |
| Less: Write-offs, net of recoveries | 83 | 16 | 25 | 16 | 26 | 14 | 6 | 6 |
| Balance at June 30, 2025 | $465 | $122 | $154 | $66 | $123 | $69 | $21 | $33 |
(b)For ComEd and PECO, the increase in write-offs, net of recoveries when comparing to six months ended June 30, 2025, is primarily the result of increased disconnection activities.
(c)For PECO, the decrease in current provision for expected credit losses when comparing to six months ended June 30, 2025, is primarily the result of decreased receivable balances.
(d)For BGE, the increase in current provision for expected credit losses when comparing to six months ended June 30, 2025, is primarily the result of increased receivable balances.
(e)For DPL, the decrease in current provision for expected credit losses when comparing to six months ended June 30, 2025, is primarily the result of favorable customer behavior.
(f)For ACE, the increase in current provision for expected credit losses when comparing to six months ended June 30, 2025, is primarily the result of increased aging of receivables.
The following tables present the rollforward of Allowance for Credit Losses on Other Accounts Receivable.
| Three Months Ended June 30, 2026 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Exelon | ComEd | PECO | BGE | PHI | Pepco | DPL | ACE(b) | |
| Balance at March 31, 2026 | $102 | $27 | $22 | $4 | $49 | $26 | $11 | $12 |
| Plus: Current period provision (benefit) for expected credit losses | 1 | — | (2) | 1 | 2 | (1) | 1 | 2 |
| Less: Write-offs, net of recoveries(a) | 9 | 2 | 2 | 2 | 3 | — | 1 | 2 |
| Balance at June 30, 2026 | $94 | $25 | $18 | $3 | $48 | $25 | $11 | $12 |
| Three Months Ended June 30, 2025 | ||||||||
| Exelon | ComEd | PECO | BGE | PHI | Pepco | DPL | ACE | |
| Balance at March 31, 2025 | $113 | $34 | $22 | $6 | $51 | $27 | $9 | $15 |
| Plus: Current period (benefit) provision for expected credit losses | (7) | (3) | (2) | (3) | 1 | 1 | — | — |
| Less: Write-offs, net of recoveries | (1) | — | 1 | (2) | — | — | — | — |
| Balance at June 30, 2025 | $107 | $31 | $19 | $5 | $52 | $28 | $9 | $15 |
(b)For ACE, the increase in current provision for expected credit losses when comparing to three months ended June 30, 2025, is primarily the result of increased aging of receivables.
| Six Months Ended June 30, 2026 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Exelon | ComEd | PECO | BGE | PHI | Pepco | DPL(b) | ACE | |
| Balance at December 31, 2025 | $94 | $23 | $18 | $4 | $49 | $26 | $10 | $13 |
| Plus: Current period provision for expected credit losses | 18 | 8 | 4 | 2 | 4 | — | 2 | 2 |
| Less: Write-offs, net of recoveries(a) | 18 | 6 | 4 | 3 | 5 | 1 | 1 | 3 |
| Balance at June 30, 2026 | $94 | $25 | $18 | $3 | $48 | $25 | $11 | $12 |
| Six Months Ended June 30, 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 | 8 | (1) | 7 | (2) | 4 | 1 | — | 3 |
| Less: Write-offs, net of recoveries | 8 | 2 | 6 | (1) | 1 | — | — | 1 |
| Balance at June 30, 2025 | $107 | $31 | $19 | $5 | $52 | $28 | $9 | $15 |
(b)For DPL, the increase in current provision for expected credit losses when comparing to six months ended June 30, 2025, is primarily due to changes in risk profile.
Unbilled Customer Revenue
The following table provides additional information about unbilled customer revenues recorded in the Registrants' Consolidated Balance Sheets as of June 30, 2026 and December 31, 2025.
| Unbilled customer revenues(a) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Exelon | ComEd | PECO | BGE | PHI | Pepco | DPL | ACE | |
| June 30, 2026 | $1,073 | $367 | $211 | $206 | $289 | $147 | $67 | $75 |
| December 31, 2025 | 1,231 | 301 | 278 | 325 | 327 | 155 | 100 | 72 |
(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 six months ended June 30, 2026 and 2025, 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 | |
| Six months ended June 30, 2026 | $2,333 | $571 | $707 | $325 | $730 | $472 | $132 | $126 |
| Six months ended June 30, 2025 | 2,054 | 464 | 598 | 375 | 617 | 383 | 126 | 108 |
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