Rate Filings

6 Months Ended

Jun. 30, 2013

Regulatory Assets [Line Items]

Rate Filings

Rate Filings

The following information discusses significant updates regarding orders and pending rate filings. This Note should be read in conjunction with Note 6. Regulatory Assets and Liabilities to the Consolidated Financial Statements in the Annual Report on Form 10-K for the year ended December 31, 2012.

• Weather Normalization Clause (WNC)—In April 2013, the BPU approved PSE&G's filing with respect to deficiency revenues from the 2011-2012 Winter Period. As a result, provisional rates were approved to recover $41 million from customers during the 2012-2013 Winter Period, with a carryover deficiency of $24 million to the 2013-2014 Winter Period. In July 2013, PSE&G filed a petition with the BPU seeking approval to recover $26 million in revenues from its customers during the 2013-2014 Winter Period inclusive of the $24 million carryover deficiency.

• Solar and Energy Efficiency Recovery Charges (formerly RRC and currently Green Program Recovery Charges (GPRC))—In May 2013, the BPU approved PSE&G's 2012 request for an increase in GPRC to recover approximately $62 million in additional electric revenue and $8 million in additional gas revenue, on an annual basis. In June 2013, PSE&G filed a petition with the BPU requesting a decrease in GPRC of approximately $1 million in electric revenue and $1 million in gas revenue, on an annual basis for the six Green Programs.

PSE And G [Member]

Regulatory Assets [Line Items]

Rate Filings

Rate Filings

The following information discusses significant updates regarding orders and pending rate filings. This Note should be read in conjunction with Note 6. Regulatory Assets and Liabilities to the Consolidated Financial Statements in the Annual Report on Form 10-K for the year ended December 31, 2012.

• Weather Normalization Clause (WNC)—In April 2013, the BPU approved PSE&G's filing with respect to deficiency revenues from the 2011-2012 Winter Period. As a result, provisional rates were approved to recover $41 million from customers during the 2012-2013 Winter Period, with a carryover deficiency of $24 million to the 2013-2014 Winter Period. In July 2013, PSE&G filed a petition with the BPU seeking approval to recover $26 million in revenues from its customers during the 2013-2014 Winter Period inclusive of the $24 million carryover deficiency.

• Solar and Energy Efficiency Recovery Charges (formerly RRC and currently Green Program Recovery Charges (GPRC))—In May 2013, the BPU approved PSE&G's 2012 request for an increase in GPRC to recover approximately $62 million in additional electric revenue and $8 million in additional gas revenue, on an annual basis. In June 2013, PSE&G filed a petition with the BPU requesting a decrease in GPRC of approximately $1 million in electric revenue and $1 million in gas revenue, on an annual basis for the six Green Programs.