Financial Information By Business Segments

9 Months Ended

Sep. 30, 2012

Financial Information By Business Segments

Financial Information by Business Segments

	Power		PSE&G		Energy Holdings			Other (A)			Consolidated
	Millions
Three Months Ended September 30, 2012
Total Operating Revenues	$	1,038	$	1,683	$	15		$	(334	)	$	2,402
Income (Loss) From Continuing Operations	181		155		7			4			347
Net Income (Loss)	181		155		7			4			347
Segment Earnings (Loss)	181		155		7			4			347
Gross Additions to Long-Lived Assets	149		499		30			11			689
Three Months Ended September 30, 2011
Total Operating Revenues	$	1,398	$	1,841	$	(247	)	$	(372	)	$	2,620
Income (Loss) From Continuing Operations	273		154		(166		)	4			265
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax	29		—		—			—			29
Net Income (Loss)	302		154		(166		)	4			294
Segment Earnings (Loss)	302		154		(166		)	4			294
Gross Additions to Long-Lived Assets	207		265		1			4			477
Nine Months Ended September 30, 2012
Total Operating Revenues	$	3,584	$	5,029	$	49		$	(1,287	)	$	7,375
Income (Loss) From Continuing Operations	538		453		49			11			1,051
Net Income (Loss)	538		453		49			11			1,051
Segment Earnings (Loss)	538		453		49			11			1,051
Gross Additions to Long-Lived Assets	493		1,369		85			22			1,969
Nine Months Ended September 30, 2011
Total Operating Revenues	$	4,650	$	5,718	$	(206	)	$	(1,719	)	$	8,443
Income (Loss) From Continuing Operations	775		422		(164		)	14			1,047
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax	96		—		—			—			96
Net Income (Loss)	871		422		(164		)	14			1,143
Segment Earnings (Loss)	871		422		(164		)	14			1,143
Gross Additions to Long-Lived Assets	530		939		2			8			1,479
As of September 30, 2012
Total Assets	$	10,994	$	18,115	$	1,974		$	(377	)	$	30,706
Investments in Equity Method Subsidiaries	$	41	$	—	$	99		$	—		$	140
As of December 31, 2011
Total Assets	$	11,087	$	17,487	$	1,888		$	(641	)	$	29,821
Investments in Equity Method Subsidiaries	$	31	$	—	$	106		$	—		$	137

(A) Other activities include amounts applicable to PSEG (as parent company), Services and intercompany eliminations, primarily relating to intercompany transactions between Power and PSE&G. No gains or losses are recorded on any intercompany transactions; rather, all intercompany transactions are priced in accordance with applicable regulations, including affiliate pricing rules, or at cost or, in the case of the BGS and BGSS contracts between Power and PSE&G, at rates prescribed by the BPU. For a further discussion of the intercompany transactions between Power and PSE&G, see Note 17. Related-Party Transactions.

Power [Member]

Financial Information By Business Segments

Financial Information by Business Segments

	Power		PSE&G		Energy Holdings			Other (A)			Consolidated
	Millions
Three Months Ended September 30, 2012
Total Operating Revenues	$	1,038	$	1,683	$	15		$	(334	)	$	2,402
Income (Loss) From Continuing Operations	181		155		7			4			347
Net Income (Loss)	181		155		7			4			347
Segment Earnings (Loss)	181		155		7			4			347
Gross Additions to Long-Lived Assets	149		499		30			11			689
Three Months Ended September 30, 2011
Total Operating Revenues	$	1,398	$	1,841	$	(247	)	$	(372	)	$	2,620
Income (Loss) From Continuing Operations	273		154		(166		)	4			265
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax	29		—		—			—			29
Net Income (Loss)	302		154		(166		)	4			294
Segment Earnings (Loss)	302		154		(166		)	4			294
Gross Additions to Long-Lived Assets	207		265		1			4			477
Nine Months Ended September 30, 2012
Total Operating Revenues	$	3,584	$	5,029	$	49		$	(1,287	)	$	7,375
Income (Loss) From Continuing Operations	538		453		49			11			1,051
Net Income (Loss)	538		453		49			11			1,051
Segment Earnings (Loss)	538		453		49			11			1,051
Gross Additions to Long-Lived Assets	493		1,369		85			22			1,969
Nine Months Ended September 30, 2011
Total Operating Revenues	$	4,650	$	5,718	$	(206	)	$	(1,719	)	$	8,443
Income (Loss) From Continuing Operations	775		422		(164		)	14			1,047
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax	96		—		—			—			96
Net Income (Loss)	871		422		(164		)	14			1,143
Segment Earnings (Loss)	871		422		(164		)	14			1,143
Gross Additions to Long-Lived Assets	530		939		2			8			1,479
As of September 30, 2012
Total Assets	$	10,994	$	18,115	$	1,974		$	(377	)	$	30,706
Investments in Equity Method Subsidiaries	$	41	$	—	$	99		$	—		$	140
As of December 31, 2011
Total Assets	$	11,087	$	17,487	$	1,888		$	(641	)	$	29,821
Investments in Equity Method Subsidiaries	$	31	$	—	$	106		$	—		$	137

(A) Other activities include amounts applicable to PSEG (as parent company), Services and intercompany eliminations, primarily relating to intercompany transactions between Power and PSE&G. No gains or losses are recorded on any intercompany transactions; rather, all intercompany transactions are priced in accordance with applicable regulations, including affiliate pricing rules, or at cost or, in the case of the BGS and BGSS contracts between Power and PSE&G, at rates prescribed by the BPU. For a further discussion of the intercompany transactions between Power and PSE&G, see Note 17. Related-Party Transactions.

PSE And G [Member]

Financial Information By Business Segments

Financial Information by Business Segments

	Power		PSE&G		Energy Holdings			Other (A)			Consolidated
	Millions
Three Months Ended September 30, 2012
Total Operating Revenues	$	1,038	$	1,683	$	15		$	(334	)	$	2,402
Income (Loss) From Continuing Operations	181		155		7			4			347
Net Income (Loss)	181		155		7			4			347
Segment Earnings (Loss)	181		155		7			4			347
Gross Additions to Long-Lived Assets	149		499		30			11			689
Three Months Ended September 30, 2011
Total Operating Revenues	$	1,398	$	1,841	$	(247	)	$	(372	)	$	2,620
Income (Loss) From Continuing Operations	273		154		(166		)	4			265
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax	29		—		—			—			29
Net Income (Loss)	302		154		(166		)	4			294
Segment Earnings (Loss)	302		154		(166		)	4			294
Gross Additions to Long-Lived Assets	207		265		1			4			477
Nine Months Ended September 30, 2012
Total Operating Revenues	$	3,584	$	5,029	$	49		$	(1,287	)	$	7,375
Income (Loss) From Continuing Operations	538		453		49			11			1,051
Net Income (Loss)	538		453		49			11			1,051
Segment Earnings (Loss)	538		453		49			11			1,051
Gross Additions to Long-Lived Assets	493		1,369		85			22			1,969
Nine Months Ended September 30, 2011
Total Operating Revenues	$	4,650	$	5,718	$	(206	)	$	(1,719	)	$	8,443
Income (Loss) From Continuing Operations	775		422		(164		)	14			1,047
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax	96		—		—			—			96
Net Income (Loss)	871		422		(164		)	14			1,143
Segment Earnings (Loss)	871		422		(164		)	14			1,143
Gross Additions to Long-Lived Assets	530		939		2			8			1,479
As of September 30, 2012
Total Assets	$	10,994	$	18,115	$	1,974		$	(377	)	$	30,706
Investments in Equity Method Subsidiaries	$	41	$	—	$	99		$	—		$	140
As of December 31, 2011
Total Assets	$	11,087	$	17,487	$	1,888		$	(641	)	$	29,821
Investments in Equity Method Subsidiaries	$	31	$	—	$	106		$	—		$	137

(A) Other activities include amounts applicable to PSEG (as parent company), Services and intercompany eliminations, primarily relating to intercompany transactions between Power and PSE&G. No gains or losses are recorded on any intercompany transactions; rather, all intercompany transactions are priced in accordance with applicable regulations, including affiliate pricing rules, or at cost or, in the case of the BGS and BGSS contracts between Power and PSE&G, at rates prescribed by the BPU. For a further discussion of the intercompany transactions between Power and PSE&G, see Note 17. Related-Party Transactions.