Earnings Per Share (EPS) and Dividends

3 Months Ended

Mar. 31, 2013

Earnings Per Share (EPS) and Dividends

Earnings Per Share (EPS) and Dividends

Diluted EPS is calculated by dividing Net Income by the weighted average number of shares of common stock outstanding, including shares issuable upon exercise of stock options outstanding or vesting of restricted stock awards granted under PSEG's stock compensation plans and upon payment of performance units or restricted stock units. The following table shows the effect of these stock options, performance units and restricted stock units on the weighted average number of shares outstanding used in calculating diluted EPS:

	Three Months Ended March 31,
	2013				2012
	Basic		Diluted		Basic		Diluted
EPS Numerator (Millions)
Net Income	$	320	$	320	$	493	$	493
EPS Denominator (Thousands)
Weighted Average Common Shares Outstanding	505,942		505,942		506,010		506,010
Effect of Stock Based Compensation Awards	—		1,278		—		1,019
Total Shares	505,942		507,220		506,010		507,029
EPS
Net Income	$	0.63	$	0.63	$	0.97	$	0.97

	Three Months Ended
	March 31,
Dividend Payments on Common Stock	2013		2012
Per Share	$	0.3600	$	0.3550
in Millions	$	182	$	179