Financial Information By Business Segments

12 Months Ended

Dec. 31, 2016

Segment Reporting Information [Line Items]

Financial Information By Business Segments

Financial Information by Business Segment

Basis of Organization

PSEG’s, PSE&G’s and Power’s operating segments were determined by management in accordance with GAAP. These segments were determined based on how management measures performance based on segment Net Income, as illustrated in the following table, and how resources are allocated to each business. PSEG’s reportable segments are PSE&G and Power. PSE&G and Power each represent a single reportable segment and therefore no separate segment information is provided for these Registrants.

PSE&G

PSE&G earns revenues from its tariffs, under which it provides electric transmission and electric and gas distribution services to residential, commercial and industrial customers in New Jersey. The rates charged for electric transmission are regulated by FERC while the rates charged for electric and gas distribution are regulated by the BPU. Revenues are also earned from several other activities such as solar investments, sundry sales, the appliance service business, wholesale transmission services and other miscellaneous services.

Power

Power earns revenues by selling energy, capacity and ancillary services on a wholesale basis under contract to power marketers and to load serving entities and by bidding energy, capacity and ancillary services into the markets for these products. Power also enters into contracts for energy, capacity, FTRs, gas, emission allowances and other energy-related contracts to optimize the value of its portfolio of generating assets and its electric and gas supply obligations.

Other

This category includes amounts applicable to Energy Holdings and PSEG LI, which are below the quantitative threshold for separate disclosure as reportable segments. Other also includes amounts applicable to PSEG (parent corporation) and Services.

	PSE&G		Power			Other (A)			Eliminations (B)			Consolidated Total
	Millions
Year Ended December 31, 2016
Operating Revenues	$	6,221	$	4,023		$	370		$	(1,553	)	$	9,061
Depreciation and Amortization	565		881			30			—			1,476
Operating Income (Loss)	1,614		13			(51		)	—			1,576
Income from Equity Method Investments	—		11			—			—			11
Interest Income	24		4			4			(2		)	30
Interest Expense	289		84			14			(2		)	385
Income (Loss) before Income Taxes	1,404		(43		)	(63		)	—			1,298
Income Tax Expense (Benefit)	515		(61		)	(43		)	—			411
Net Income (Loss)	889		18			(20		)	—			887
Gross Additions to Long-Lived Assets	$	2,816	$	1,343		$	40		$	—		$	4,199
As of December 31, 2016
Total Assets	$	26,288	$	12,193		$	2,373		$	(784	)	$	40,070
Investments in Equity Method Subsidiaries	$	—	$	102		$	—		$	—		$	102

	PSE&G		Power		Other (A)			Eliminations (B)			Consolidated Total
	Millions
Year Ended December 31, 2015
Operating Revenues	$	6,636	$	4,928	$	462		$	(1,611	)	$	10,415
Depreciation and Amortization	892		291		31			—			1,214
Operating Income (Loss)	1,462		1,430		70			—			2,962
Income from Equity Method Investments	—		14		(2		)	—			12
Interest Income	25		2		33			(29		)	31
Interest Expense	280		121		21			(29		)	393
Income (Loss) before Income Taxes	1,257		1,367		56			—			2,680
Income Tax Expense (Benefit)	470		511		20			—			1,001
Net Income (Loss)	787		856		36			—			1,679
Gross Additions to Long-Lived Assets	$	2,692	$	1,117	$	54		$	—		$	3,863
As of December 31, 2015
Total Assets	$	23,677	$	12,250	$	2,810		$	(1,202	)	$	37,535
Investments in Equity Method Subsidiaries	$	—	$	119	$	—		$	—		$	119

	PSE&G		Power		Other (A)			Eliminations (B)			Consolidated Total
	Millions
Year Ended December 31, 2014
Operating Revenues	$	6,766	$	5,434	$	455		$	(1,769	)	$	10,886
Depreciation and Amortization	906		292		29			—			1,227
Operating Income (Loss)	1,393		1,209		21			—			2,623
Income from Equity Method Investments	—		14		(1		)	—			13
Interest Income	26		1		25			(22		)	30
Interest Expense	277		122		12			(22		)	389
Income (Loss) before Income Taxes	1,174		1,251		31			—			2,456
Income Tax Expense (Benefit)	449		491		(2		)	—			938
Net Income (Loss)	725		760		33			—			1,518
Gross Additions to Long-Lived Assets	$	2,164	$	626	$	30		$	—		$	2,820
As of December 31, 2014
Total Assets	$	22,186	$	12,037	$	2,799		$	(1,735	)	$	35,287
Investments in Equity Method Subsidiaries	$	—	$	121	$	2		$	—		$	123

(A) Includes amounts applicable to Energy Holdings and PSEG LI, which are below the quantitative threshold for separate disclosure as reportable segments. Other also includes amounts applicable to PSEG (parent corporation) and Services.

(B) Intercompany eliminations primarily relate to intercompany transactions between PSE&G and Power. No gains or losses are recorded on any intercompany transactions; rather, all intercompany transactions are at cost or, in the case of the BGS and BGSS contracts between PSE&G and Power, at rates prescribed by the BPU. For a further discussion of the intercompany transactions between PSE&G and Power, see Note 24. Related-Party Transactions.

PSE&G [Member]

Segment Reporting Information [Line Items]

Financial Information By Business Segments

Financial Information by Business Segment

Basis of Organization

PSEG’s, PSE&G’s and Power’s operating segments were determined by management in accordance with GAAP. These segments were determined based on how management measures performance based on segment Net Income, as illustrated in the following table, and how resources are allocated to each business. PSEG’s reportable segments are PSE&G and Power. PSE&G and Power each represent a single reportable segment and therefore no separate segment information is provided for these Registrants.

PSE&G

PSE&G earns revenues from its tariffs, under which it provides electric transmission and electric and gas distribution services to residential, commercial and industrial customers in New Jersey. The rates charged for electric transmission are regulated by FERC while the rates charged for electric and gas distribution are regulated by the BPU. Revenues are also earned from several other activities such as solar investments, sundry sales, the appliance service business, wholesale transmission services and other miscellaneous services.

Power

Power earns revenues by selling energy, capacity and ancillary services on a wholesale basis under contract to power marketers and to load serving entities and by bidding energy, capacity and ancillary services into the markets for these products. Power also enters into contracts for energy, capacity, FTRs, gas, emission allowances and other energy-related contracts to optimize the value of its portfolio of generating assets and its electric and gas supply obligations.

Other

This category includes amounts applicable to Energy Holdings and PSEG LI, which are below the quantitative threshold for separate disclosure as reportable segments. Other also includes amounts applicable to PSEG (parent corporation) and Services.

	PSE&G		Power			Other (A)			Eliminations (B)			Consolidated Total
	Millions
Year Ended December 31, 2016
Operating Revenues	$	6,221	$	4,023		$	370		$	(1,553	)	$	9,061
Depreciation and Amortization	565		881			30			—			1,476
Operating Income (Loss)	1,614		13			(51		)	—			1,576
Income from Equity Method Investments	—		11			—			—			11
Interest Income	24		4			4			(2		)	30
Interest Expense	289		84			14			(2		)	385
Income (Loss) before Income Taxes	1,404		(43		)	(63		)	—			1,298
Income Tax Expense (Benefit)	515		(61		)	(43		)	—			411
Net Income (Loss)	889		18			(20		)	—			887
Gross Additions to Long-Lived Assets	$	2,816	$	1,343		$	40		$	—		$	4,199
As of December 31, 2016
Total Assets	$	26,288	$	12,193		$	2,373		$	(784	)	$	40,070
Investments in Equity Method Subsidiaries	$	—	$	102		$	—		$	—		$	102

	PSE&G		Power		Other (A)			Eliminations (B)			Consolidated Total
	Millions
Year Ended December 31, 2015
Operating Revenues	$	6,636	$	4,928	$	462		$	(1,611	)	$	10,415
Depreciation and Amortization	892		291		31			—			1,214
Operating Income (Loss)	1,462		1,430		70			—			2,962
Income from Equity Method Investments	—		14		(2		)	—			12
Interest Income	25		2		33			(29		)	31
Interest Expense	280		121		21			(29		)	393
Income (Loss) before Income Taxes	1,257		1,367		56			—			2,680
Income Tax Expense (Benefit)	470		511		20			—			1,001
Net Income (Loss)	787		856		36			—			1,679
Gross Additions to Long-Lived Assets	$	2,692	$	1,117	$	54		$	—		$	3,863
As of December 31, 2015
Total Assets	$	23,677	$	12,250	$	2,810		$	(1,202	)	$	37,535
Investments in Equity Method Subsidiaries	$	—	$	119	$	—		$	—		$	119

	PSE&G		Power		Other (A)			Eliminations (B)			Consolidated Total
	Millions
Year Ended December 31, 2014
Operating Revenues	$	6,766	$	5,434	$	455		$	(1,769	)	$	10,886
Depreciation and Amortization	906		292		29			—			1,227
Operating Income (Loss)	1,393		1,209		21			—			2,623
Income from Equity Method Investments	—		14		(1		)	—			13
Interest Income	26		1		25			(22		)	30
Interest Expense	277		122		12			(22		)	389
Income (Loss) before Income Taxes	1,174		1,251		31			—			2,456
Income Tax Expense (Benefit)	449		491		(2		)	—			938
Net Income (Loss)	725		760		33			—			1,518
Gross Additions to Long-Lived Assets	$	2,164	$	626	$	30		$	—		$	2,820
As of December 31, 2014
Total Assets	$	22,186	$	12,037	$	2,799		$	(1,735	)	$	35,287
Investments in Equity Method Subsidiaries	$	—	$	121	$	2		$	—		$	123

(A) Includes amounts applicable to Energy Holdings and PSEG LI, which are below the quantitative threshold for separate disclosure as reportable segments. Other also includes amounts applicable to PSEG (parent corporation) and Services.

(B) Intercompany eliminations primarily relate to intercompany transactions between PSE&G and Power. No gains or losses are recorded on any intercompany transactions; rather, all intercompany transactions are at cost or, in the case of the BGS and BGSS contracts between PSE&G and Power, at rates prescribed by the BPU. For a further discussion of the intercompany transactions between PSE&G and Power, see Note 24. Related-Party Transactions.

Power [Member]

Segment Reporting Information [Line Items]

Financial Information By Business Segments

Financial Information by Business Segment

Basis of Organization

PSEG’s, PSE&G’s and Power’s operating segments were determined by management in accordance with GAAP. These segments were determined based on how management measures performance based on segment Net Income, as illustrated in the following table, and how resources are allocated to each business. PSEG’s reportable segments are PSE&G and Power. PSE&G and Power each represent a single reportable segment and therefore no separate segment information is provided for these Registrants.

PSE&G

PSE&G earns revenues from its tariffs, under which it provides electric transmission and electric and gas distribution services to residential, commercial and industrial customers in New Jersey. The rates charged for electric transmission are regulated by FERC while the rates charged for electric and gas distribution are regulated by the BPU. Revenues are also earned from several other activities such as solar investments, sundry sales, the appliance service business, wholesale transmission services and other miscellaneous services.

Power

Power earns revenues by selling energy, capacity and ancillary services on a wholesale basis under contract to power marketers and to load serving entities and by bidding energy, capacity and ancillary services into the markets for these products. Power also enters into contracts for energy, capacity, FTRs, gas, emission allowances and other energy-related contracts to optimize the value of its portfolio of generating assets and its electric and gas supply obligations.

Other

This category includes amounts applicable to Energy Holdings and PSEG LI, which are below the quantitative threshold for separate disclosure as reportable segments. Other also includes amounts applicable to PSEG (parent corporation) and Services.

	PSE&G		Power			Other (A)			Eliminations (B)			Consolidated Total
	Millions
Year Ended December 31, 2016
Operating Revenues	$	6,221	$	4,023		$	370		$	(1,553	)	$	9,061
Depreciation and Amortization	565		881			30			—			1,476
Operating Income (Loss)	1,614		13			(51		)	—			1,576
Income from Equity Method Investments	—		11			—			—			11
Interest Income	24		4			4			(2		)	30
Interest Expense	289		84			14			(2		)	385
Income (Loss) before Income Taxes	1,404		(43		)	(63		)	—			1,298
Income Tax Expense (Benefit)	515		(61		)	(43		)	—			411
Net Income (Loss)	889		18			(20		)	—			887
Gross Additions to Long-Lived Assets	$	2,816	$	1,343		$	40		$	—		$	4,199
As of December 31, 2016
Total Assets	$	26,288	$	12,193		$	2,373		$	(784	)	$	40,070
Investments in Equity Method Subsidiaries	$	—	$	102		$	—		$	—		$	102

	PSE&G		Power		Other (A)			Eliminations (B)			Consolidated Total
	Millions
Year Ended December 31, 2015
Operating Revenues	$	6,636	$	4,928	$	462		$	(1,611	)	$	10,415
Depreciation and Amortization	892		291		31			—			1,214
Operating Income (Loss)	1,462		1,430		70			—			2,962
Income from Equity Method Investments	—		14		(2		)	—			12
Interest Income	25		2		33			(29		)	31
Interest Expense	280		121		21			(29		)	393
Income (Loss) before Income Taxes	1,257		1,367		56			—			2,680
Income Tax Expense (Benefit)	470		511		20			—			1,001
Net Income (Loss)	787		856		36			—			1,679
Gross Additions to Long-Lived Assets	$	2,692	$	1,117	$	54		$	—		$	3,863
As of December 31, 2015
Total Assets	$	23,677	$	12,250	$	2,810		$	(1,202	)	$	37,535
Investments in Equity Method Subsidiaries	$	—	$	119	$	—		$	—		$	119

	PSE&G		Power		Other (A)			Eliminations (B)			Consolidated Total
	Millions
Year Ended December 31, 2014
Operating Revenues	$	6,766	$	5,434	$	455		$	(1,769	)	$	10,886
Depreciation and Amortization	906		292		29			—			1,227
Operating Income (Loss)	1,393		1,209		21			—			2,623
Income from Equity Method Investments	—		14		(1		)	—			13
Interest Income	26		1		25			(22		)	30
Interest Expense	277		122		12			(22		)	389
Income (Loss) before Income Taxes	1,174		1,251		31			—			2,456
Income Tax Expense (Benefit)	449		491		(2		)	—			938
Net Income (Loss)	725		760		33			—			1,518
Gross Additions to Long-Lived Assets	$	2,164	$	626	$	30		$	—		$	2,820
As of December 31, 2014
Total Assets	$	22,186	$	12,037	$	2,799		$	(1,735	)	$	35,287
Investments in Equity Method Subsidiaries	$	—	$	121	$	2		$	—		$	123

(A) Includes amounts applicable to Energy Holdings and PSEG LI, which are below the quantitative threshold for separate disclosure as reportable segments. Other also includes amounts applicable to PSEG (parent corporation) and Services.

(B) Intercompany eliminations primarily relate to intercompany transactions between PSE&G and Power. No gains or losses are recorded on any intercompany transactions; rather, all intercompany transactions are at cost or, in the case of the BGS and BGSS contracts between PSE&G and Power, at rates prescribed by the BPU. For a further discussion of the intercompany transactions between PSE&G and Power, see Note 24. Related-Party Transactions.