ComEd 2006 Annual Report Download - page 181

PECO Energy Company and Subsidiary Companies
Consolidated Balance Sheets
December 31,
(in millions) 2006 2005
Liabilities and shareholders’ equity
Current liabilities
Commercial paper ................................................... $ 95 $ 220
Borrowings from Exelon intercompany money pool ......................... 45 —
Long-term debt to PECO Energy Transition Trust due within one year ......... 273 199
Accounts payable .................................................... 175 182
Accrued expenses ................................................... 121 92
Payables to affiliates ................................................. 203 178
Customer deposits ................................................... 50 54
Over-recovered energy costs .......................................... 6 —
Other .............................................................. 10 11
Total current liabilities ............................................. 978 936
Long-term debt ....................................................... 1,469 1,183
Long-term debt to PECO Energy Transition Trust ......................... 2,131 2,776
Long-term debt to other financing trusts ................................ 184 184
Deferred credits and other liabilities
Deferred income taxes and unamortized investment tax credits .............. 2,601 2,798
Asset retirement obligations ........................................... 21 20
Non-pension postretirement benefit obligations ............................ 283 278
Regulatory liabilities .................................................. 151 68
Other .............................................................. 146 139
Total deferred credits and other liabilities ............................. 3,202 3,303
Total liabilities ................................................... 7,964 8,382
Commitments and contingencies
Shareholders’ equity
Common stock ...................................................... 2,223 2,193
Preferred stock ...................................................... 87 87
Receivable from parent ............................................... (1,090) (1,232)
Retained earnings ................................................... 584 649
Accumulated other comprehensive income, net ........................... 5 7
Total shareholders’ equity ......................................... 1,809 1,704
Total liabilities and shareholders’ equity ................................. $9,773 $10,086
See Combined Notes to Consolidated Financial Statements
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