ComEd 2006 Annual Report Download - page 318

Exelon Corporation and Subsidiary Companies
Exelon Generation Company, LLC and Subsidiary Companies
Commonwealth Edison Company and Subsidiary Companies
PECO Energy Company and Subsidiary Companies
Combined Notes to Consolidated Financial Statements—(Continued)
(Dollars in millions, except per share data unless otherwise noted)
Generation ComEd PECO Other (a)
Intersegment
Eliminations Consolidated
Income taxes:
2006 ....................... $ 866 $ 445 $ 180 $ (285) $ — $ 1,206
2005 ....................... 709 363 247 (375) — 944
2004 ....................... 401 457 249 (394) — 713
Income (loss) from continuing
operations
2006 ....................... $ 1,403 $ (112) $ 441 $ (142) $ — $ 1,590
2005 ....................... 1,109 (676) 520 (2) — 951
2004 ....................... 657 676 455 82 — 1,870
Income (loss) from
discontinued operations
2006 ....................... $ 4 $ — $ — $ (2) $ — $ 2
2005 ....................... 19 — — (5) — 14
2004 ....................... (16) — — (13) — (29)
Cumulative effect of changes
in accounting principles:
2006 ....................... $ — $ — $ — $ — $ — $ —
2005 ....................... (30) (9) (3) — — (42)
2004 ....................... 32 — — (9) — 23
Net income (loss):
2006 ....................... $ 1,407 $ (112) $ 441 $ (144) $ — $ 1,592
2005 ....................... 1,098 (685) 517 (7) — 923
2004 ....................... 673 676 455 60 — 1,864
Capital expenditures:
2006 ....................... $ 1,109 $ 911 $ 345 $ 53 $ — $ 2,418
2005 ....................... 1,067 776 298 24 — 2,165
2004 ....................... 960 721 225 15 — 1,921
Total assets:
2006 ....................... $18,909 $17,774 $ 9,773 $14,295 $(16,432) $44,319
2005 ....................... 17,724 17,491 10,086 13,079 (15,583) 42,797
(a) Other includes corporate operations, shared service entities, including BSC, Enterprises and investments in synthetic fuel-
producing facilities.
(b) Utility taxes of $241 million, $247 million and $234 million are included in revenues and expenses for 2006, 2005 and 2004,
respectively, for ComEd. Utility taxes of $244 million, $230 million and $205 million are included in revenues and expenses
for 2006, 2005 and 2004, respectively, for PECO.
21. Related Party Transactions (Exelon, Generation, ComEd and PECO)
Effective December 31, 2003, ComEd Financing II, ComEd Financing III, ComEd Funding, ComEd
Funding Trust, PETT, PECO Energy Capital Corporation and PECO Trust III were deconsolidated from
the financial statements of Exelon in conjunction with the adoption of FIN 46-R. Effective July 1, 2003,
PECO Trust IV was deconsolidated from the financial statements of PECO in conjunction with the
adoption of FIN 46. Prior periods were not restated.
313