Long-Term Investments (Tables)

12 Months Ended

Dec. 31, 2017

Long-Term Investments as of December 31, 2017 and 2016 included the following:




	As of December 31,
	2017		2016
	Millions
PSE&G
Life Insurance and Supplemental Benefits	$	130	$	140
Solar Loans	150		159
Power
Partnerships and Corporate Joint Ventures (Equity Method Investments) (A)	87		102
Energy Holdings
Lease Investments	565		649
Total Long-Term Investments	$	932	$	1,050


(A)	During the three years ended December 31, 2017, 2016 and 2015, dividends from these investments were $18 million, $18 million and $16 million, respectively.

Schedule Of Net Investment In Leveraged Leases

The following table shows Energy Holdings’ gross and net lease investment as of December 31, 2017 and 2016.




	As of December 31,
	2017			2016
	Millions
Lease Receivables (net of Non-Recourse Debt)	$	546		$	629
Estimated Residual Value of Leased Assets	326			346
Total Investment in Rental Receivables	872			975
Unearned and Deferred Income	(307		)	(326		)
Gross Investments in Leases	565			649
Deferred Tax Liabilities	(480		)	(674		)
Net Investments in Leases	$	85		$	(25	)

Schedule Of Pre-Tax Income And Income Tax Effects Related To Investments In Leveraged Leases

The pre-tax income (loss) and income tax effects related to investments in leases, excluding gains and losses on sales and the impacts of the Tax Act, were as follows:




	Years Ended December 31,
	2017			2016			2015
	Millions
Pre-Tax Income (Loss) from Leases	$	(69	)	$	(135	)	$	12
Income Tax Expense (Benefit) on Income from Leases	$	(26	)	$	(51	)	$	5

Equity Method Investments

Power had the following equity method investments as of December 31, 2017 and 2016:




	As of December 31,
Name	2017		2016		Location	% Owned
	Millions
Power
Keystone Fuels, LLC	$	8	$	7	PA	23%
Conemaugh Fuels, LLC	8		8		PA	23%
PennEast Pipeline	—		11		PA	10%
Kalaeloa	71		76		HI	50%
Total	$	87	$	102