Generalized capacitor (inductor) is constitutively modeled by expressing charge (magnetic flux) in terms of voltage (current) memory as a sum of instantaneous and power type hereditary contributions and it is proved to be a dissipative electric element by thermodynamic analysis. On the contrary, generalized capacitor (inductor) as a generative electric element is modeled using the same form of the constitutive equation, but by expressing voltage (current) in terms of charge (magnetic flux) memory. These constitutive models are used in transient and steady state regime analysis of the series RC and RL circuits subject to electromotive force, as well as in the study of circuits' frequency characteristics including asymptotic behavior.

Equations governing the transient and steady-state regimes of the fractional series RLC circuits containing dissipative and/or generative capacitor and inductor are posed by considering the electric current as a response to electromotive force. Further, fractional RLC circuits are analyzed in the steady-state regime and their energy consumption/production properties are established depending on the angular frequency of electromotive force. Frequency characteristics of the modulus and argument of transfer function, i.e., of circuit's equivalent admittance, are analyzed through the Bode diagrams for the whole frequency range, as well as for low and high frequencies as the asymptotic expansions of transfer function modulus and argument.