ATLANTIC CITY ELECTRIC CO
For the period ended Sep 30, 2026. Filed Oct 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.
Sep 30, 2026 · Filed Oct 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 September 30, 2026 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Exelon | ComEd(b)(c) | PECO | BGE(d) | PHI | Pepco(e) | DPL | ACE(e)(f) | |
| Balance at June 30, 2026 | $508 | $102 | $142 | $136 | $128 | $77 | $21 | $30 |
| Plus: Current period provision for expected credit losses | 71 | 22 | 21 | 2 | 26 | 16 | 4 | 6 |
| Less: Write-offs, net of recoveries(a) | 72 | 19 | 28 | 7 | 18 | 9 | 4 | 5 |
| Balance at September 30, 2026 | $507 | $105 | $135 | $131 | $136 | $84 | $21 | $31 |
| Three Months Ended September 30, 2025 | ||||||||
| Exelon | ComEd | PECO | BGE | PHI | Pepco | DPL | ACE | |
| Balance at June 30, 2025 | $465 | $122 | $154 | $66 | $123 | $69 | $21 | $33 |
| Plus: Current period provision for expected credit losses | 82 | 37 | 22 | 8 | 15 | 11 | 3 | 1 |
| Less: Write-offs, net of recoveries | 96 | 44 | 31 | 6 | 15 | 8 | 4 | 3 |
| Balance at September 30, 2025 | $451 | $115 | $145 | $68 | $123 | $72 | $20 | $31 |
(b)For ComEd, the decrease in current period provision for expected credit losses when comparing to three months ended September 30, 2025, is primarily the result of decreased aging of receivables.
(c)For ComEd, the decrease in write-offs, net of recoveries when comparing to three months ended September 30, 2025, is primarily the result of decreased disconnection activities.
(d)For BGE, the decrease in current period provision for expected credit losses when comparing to three months ended September 30, 2025, is primarily the result of increased collection activities.
(e)For Pepco and ACE, the increase in current period provision for expected credit losses when comparing to three months ended September 30, 2025, is primarily the result of increased receivable balances.
(f)For ACE, the increase in write-offs, net of recoveries when comparing to three months ended September 30, 2025, is primarily the result of unfavorable customer behavior.
| Nine Months Ended September 30, 2026 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Exelon | ComEd(b) | PECO(c)(d)(e) | BGE(f)(g) | PHI | Pepco(f)(h) | DPL(i) | ACE(f)(h) | |
| Balance at December 31, 2025 | $435 | $115 | $137 | $68 | $115 | $69 | $19 | $27 |
| Plus: Current period provision for expected credit losses | 265 | 49 | 59 | 90 | 67 | 41 | 11 | 15 |
| Less: Write-offs, net of recoveries(a) | 193 | 59 | 61 | 27 | 46 | 26 | 9 | 11 |
| Balance at September 30, 2026 | $507 | $105 | $135 | $131 | $136 | $84 | $21 | $31 |
| Nine Months Ended September 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 | 224 | 66 | 68 | 34 | 56 | 35 | 13 | 8 |
| Less: Write-offs, net of recoveries | 179 | 60 | 56 | 22 | 41 | 22 | 10 | 9 |
| Balance at September 30, 2025 | $451 | $115 | $145 | $68 | $123 | $72 | $20 | $31 |
(a)Recoveries were not material to ComEd, BGE, Pepco, DPL, or ACE.
(b)For ComEd, the decrease in current period provision for expected credit losses when comparing to nine months ended September 30, 2025, is primarily the result of decreased aging of receivables.
(c)For PECO, the decrease in current period provision for expected credit losses when comparing to nine months ended September 30, 2025, is primarily the result of decreased receivable balances.
(d)For PECO, the increase in write-offs, net of recoveries when comparing to nine months ended September 30, 2025, is primarily the result of increased disconnection activities.
(e)For PECO, the increase in recoveries collected when comparing to nine months ended September 30, 2025, is primarily the result of increased customer repayments.
(f)For BGE, Pepco, and ACE, the increase in current period provision for expected credit losses when comparing to nine months ended September 30, 2025, is primarily the result of increased receivable balances.
(g)For BGE, the increase in write-offs, net of recoveries when comparing to nine months ended September 30, 2025, is primarily the result of increased receivable balances associated with increased customer billings.
(h)For Pepco and ACE the increase in write-offs, net of recoveries when comparing to nine months ended September 30, 2025, is primarily the result of unfavorable customer behavior.
(i)For DPL, the decrease in current period provision for expected credit losses when comparing to nine months ended September 30, 2025, is primarily the result of favorable customer behavior.
The following tables present the rollforward of Allowance for Credit Losses on Other Accounts Receivable.
| Three Months Ended September 30, 2026 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Exelon | ComEd | PECO | BGE | PHI | Pepco | DPL | ACE(b) | |
| Balance at June 30, 2026 | $94 | $25 | $18 | $3 | $48 | $25 | $11 | $12 |
| Plus: Current period provision for expected credit losses | 15 | 6 | 3 | 1 | 5 | 1 | 1 | 3 |
| Less: Write-offs, net of recoveries(a) | 13 | 5 | 5 | 1 | 2 | — | 1 | 1 |
| Balance at September 30, 2026 | $96 | $26 | $16 | $3 | $51 | $26 | $11 | $14 |
| Three Months Ended September 30, 2025 | ||||||||
| Exelon | ComEd | PECO | BGE | PHI | Pepco | DPL | ACE | |
| Balance at June 30, 2025 | $107 | $31 | $19 | $5 | $52 | $28 | $9 | $15 |
| Plus: Current period provision (benefit) for expected credit losses | 7 | 5 | 2 | 1 | (1) | — | — | (1) |
| Less: Write-offs, net of recoveries | 16 | 11 | 4 | 1 | — | — | — | — |
| Balance at September 30, 2025 | $98 | $25 | $17 | $5 | $51 | $28 | $9 | $14 |
(b)For ACE, the increase in current period provision for expected credit losses when comparing to three months ended September 30, 2025, is primarily the result of increased receivable balances.
| Nine Months Ended September 30, 2026 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Exelon | ComEd(b) | PECO | BGE | PHI | Pepco | DPL(b)(c) | ACE(b) | |
| Balance at December 31, 2025 | $94 | $23 | $18 | $4 | $49 | $26 | $10 | $13 |
| Plus: Current period provision for expected credit losses | 32 | 14 | 6 | 3 | 9 | 1 | 3 | 5 |
| Less: Write-offs, net of recoveries(a) | 30 | 11 | 8 | 4 | 7 | 1 | 2 | 4 |
| Balance at September 30, 2026 | $96 | $26 | $16 | $3 | $51 | $26 | $11 | $14 |
| Nine Months Ended September 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 | 15 | 4 | 9 | (1) | 3 | 1 | — | 2 |
| Less: Write-offs, net of recoveries | 24 | 13 | 10 | — | 1 | — | — | 1 |
| Balance at September 30, 2025 | $98 | $25 | $17 | $5 | $51 | $28 | $9 | $14 |
(b)For ComEd, DPL, and ACE, the increase in current period provision for expected credit losses when comparing to nine months ended September 30, 2025, is primarily the result of increased receivable balances.
(c)For DPL, the increase in write-offs, net of recoveries when comparing to nine months ended September 30, 2025, is primarily the result of unfavorable customer behavior.
Unbilled Customer Revenue
The following table provides additional information about unbilled customer revenues recorded in the Registrants' Consolidated Balance Sheets as of September 30, 2026 and December 31, 2025.
| Unbilled customer revenues(a) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Exelon | ComEd | PECO | BGE | PHI | Pepco | DPL | ACE | |
| September 30, 2026 | $887 | $313 | $160 | $180 | $234 | $122 | $59 | $53 |
| 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 nine months ended September 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 | |
| Nine months ended September 30, 2026 | $3,708 | $967 | $1,091 | $492 | $1,158 | $745 | $209 | $204 |
| Nine months ended September 30, 2025 | 3,320 | 814 | 954 | 550 | 1,002 | 624 | 201 | 177 |
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