Property Plant And Equipment And Jointly-Owned Facilities

Property, Plant and Equipment and Jointly-Owned Facilities

Information related to Property, Plant and Equipment as of December 31, 2019 and 2018 is detailed below:




	PSE&G		PSEG Power		Other		PSEG Consolidated
	Millions
2019
Transmission and Distribution:
Electric Transmission	$	12,908	$	—	$	—	$	12,908
Electric Distribution	9,255		—		—		9,255
Gas Distribution and Transmission	8,430		—		—		8,430
Construction Work in Progress	1,607		—		—		1,607
Other	639		—		—		639
Total Transmission and Distribution	32,839		—		—		32,839
Generation:
Fossil Production	—		6,570		—		6,570
Nuclear Production	—		3,087		—		3,087
Nuclear Fuel in Service	—		761		—		761
Other Production-Solar	663		911		—		1,574
Construction Work in Progress	—		277		—		277
Total Generation	663		11,606		—		12,269
Other	398		93		345		836
Total	$	33,900	$	11,699	$	345	$	45,944




	PSE&G		PSEG Power		Other		PSEG Consolidated
	Millions
2018
Transmission and Distribution:
Electric Transmission	$	11,991	$	—	$	—	$	11,991
Electric Distribution	8,989		—		—		8,989
Gas Distribution and Transmission	7,854		—		—		7,854
Construction Work in Progress	1,170		—		—		1,170
Other	624		—		—		624
Total Transmission and Distribution	30,628		—		—		30,628
Generation:
Fossil Production	—		6,541		—		6,541
Nuclear Production	—		2,971		—		2,971
Nuclear Fuel in Service	—		765		—		765
Other Production-Solar	623		833		—		1,456
Construction Work in Progress	—		1,011		—		1,011
Total Generation	623		12,121		—		12,744
Other	382		103		344		829
Total	$	31,633	$	12,224	$	344	$	44,201

As part of its solar production portfolio, PSEG Power owns and operates two California-based solar facilities with an aggregate capacity of approximately 30 MW direct current whose output is sold to Pacific Gas and Electric Company (PG&E) under power purchase agreements (PPAs) with twenty year terms. The net book value of these solar facilities was approximately $55 million as of December 31, 2019. In January 2019, PG&E and its parent company PG&E Corporation filed for Chapter 11 bankruptcy protection. PSEG Power cannot predict the ultimate outcome that this bankruptcy proceeding will have on its ability to collect all of the future revenues from these facilities due under the PPAs; however, any adverse changes to the terms of

PSEG Power’s PPAs as a result of this bankruptcy proceeding could result in the future impairment of these assets in amounts up to their current net book value.

PSE&G and PSEG Power have ownership interests in and are responsible for providing their respective shares of the necessary financing for the following jointly-owned facilities to which they are a party. All amounts reflect PSE&G’s or PSEG Power’s share of the jointly-owned projects and the corresponding direct expenses are included in the Consolidated Statements of Operations as Operating Expenses.




			As of December 31,
			2019				2018
	Ownership				Accumulated				Accumulated
	Interest		Plant		Depreciation		Plant		Depreciation
			Millions
PSE&G:
Transmission Facilities	Various		$	161	$	60	$	162	$	58
PSEG Power:
Coal Generating (A):
Conemaugh	23	%	N/A		N/A		$	417	$	192
Keystone	23	%	N/A		N/A		$	416	$	200
Nuclear Generating:
Peach Bottom	50	%	$	1,340	$	435	$	1,334	$	389
Salem	57	%	$	1,256	$	384	$	1,196	$	333
Nuclear Support Facilities	Various		$	247	$	107	$	244	$	95
Pumped Storage Facilities:
Yards Creek (B)	50	%	$	55	$	27	$	48	$	26
Merrill Creek Reservoir	14	%	$	1	$	—	$	1	$	—


(A)	In September 2019, PSEG Power completed the sale of its ownership interests in the Keystone and Conemaugh generation plants and related assets and liabilities.


(B)	On February 23, 2020, a Purchase Agreement was entered into to sell ownership interests in this generation facility. See Note 4. Early Plant Retirements/Asset Dispositions for additional information.

PSEG Power holds undivided ownership interests in the jointly-owned facilities above. PSEG Power is entitled to shares of the generating capability and output of each unit equal to its respective ownership interests. PSEG Power also pays its ownership share of additional construction costs, fuel inventory purchases and operating expenses. PSEG Power’s share of expenses for the jointly-owned facilities is included in the appropriate expense category. Each owner is responsible for any financing with respect to its pro rata share of capital expenditures.

PSEG Power co-owns Salem and Peach Bottom with Exelon Generation. PSEG Power is the operator of Salem and Exelon Generation is the operator of Peach Bottom. A committee appointed by the co-owners provides oversight. Proposed O&M budgets and requests for major capital expenditures are reviewed and approved as part of the normal PSEG Power governance process.

PSEG Power is a co-owner in the Yards Creek Pumped Storage Generation Facility. Jersey Central Power & Light Company (JCP&L) is also a co-owner and the operator of this facility. JCP&L submits separate capital and O&M budgets, subject to PSEG Power’s approval as part of the normal PSEG Power governance process.

PSEG Power is a minority owner in the Merrill Creek Reservoir and Environmental Preserve in Warren County, New Jersey. Merrill Creek Owners Group is the owner-operator of this facility. The operator submits separate capital and O&M budgets, subject to PSEG Power’s approval as part of the normal PSEG Power governance process.

Property, Plant and Equipment [Line Items]

Property Plant And Equipment And Jointly-Owned Facilities

Property, Plant and Equipment and Jointly-Owned Facilities

Information related to Property, Plant and Equipment as of December 31, 2019 and 2018 is detailed below:




	PSE&G		PSEG Power		Other		PSEG Consolidated
	Millions
2019
Transmission and Distribution:
Electric Transmission	$	12,908	$	—	$	—	$	12,908
Electric Distribution	9,255		—		—		9,255
Gas Distribution and Transmission	8,430		—		—		8,430
Construction Work in Progress	1,607		—		—		1,607
Other	639		—		—		639
Total Transmission and Distribution	32,839		—		—		32,839
Generation:
Fossil Production	—		6,570		—		6,570
Nuclear Production	—		3,087		—		3,087
Nuclear Fuel in Service	—		761		—		761
Other Production-Solar	663		911		—		1,574
Construction Work in Progress	—		277		—		277
Total Generation	663		11,606		—		12,269
Other	398		93		345		836
Total	$	33,900	$	11,699	$	345	$	45,944




	PSE&G		PSEG Power		Other		PSEG Consolidated
	Millions
2018
Transmission and Distribution:
Electric Transmission	$	11,991	$	—	$	—	$	11,991
Electric Distribution	8,989		—		—		8,989
Gas Distribution and Transmission	7,854		—		—		7,854
Construction Work in Progress	1,170		—		—		1,170
Other	624		—		—		624
Total Transmission and Distribution	30,628		—		—		30,628
Generation:
Fossil Production	—		6,541		—		6,541
Nuclear Production	—		2,971		—		2,971
Nuclear Fuel in Service	—		765		—		765
Other Production-Solar	623		833		—		1,456
Construction Work in Progress	—		1,011		—		1,011
Total Generation	623		12,121		—		12,744
Other	382		103		344		829
Total	$	31,633	$	12,224	$	344	$	44,201

As part of its solar production portfolio, PSEG Power owns and operates two California-based solar facilities with an aggregate capacity of approximately 30 MW direct current whose output is sold to Pacific Gas and Electric Company (PG&E) under power purchase agreements (PPAs) with twenty year terms. The net book value of these solar facilities was approximately $55 million as of December 31, 2019. In January 2019, PG&E and its parent company PG&E Corporation filed for Chapter 11 bankruptcy protection. PSEG Power cannot predict the ultimate outcome that this bankruptcy proceeding will have on its ability to collect all of the future revenues from these facilities due under the PPAs; however, any adverse changes to the terms of

PSEG Power’s PPAs as a result of this bankruptcy proceeding could result in the future impairment of these assets in amounts up to their current net book value.

PSE&G and PSEG Power have ownership interests in and are responsible for providing their respective shares of the necessary financing for the following jointly-owned facilities to which they are a party. All amounts reflect PSE&G’s or PSEG Power’s share of the jointly-owned projects and the corresponding direct expenses are included in the Consolidated Statements of Operations as Operating Expenses.




			As of December 31,
			2019				2018
	Ownership				Accumulated				Accumulated
	Interest		Plant		Depreciation		Plant		Depreciation
			Millions
PSE&G:
Transmission Facilities	Various		$	161	$	60	$	162	$	58
PSEG Power:
Coal Generating (A):
Conemaugh	23	%	N/A		N/A		$	417	$	192
Keystone	23	%	N/A		N/A		$	416	$	200
Nuclear Generating:
Peach Bottom	50	%	$	1,340	$	435	$	1,334	$	389
Salem	57	%	$	1,256	$	384	$	1,196	$	333
Nuclear Support Facilities	Various		$	247	$	107	$	244	$	95
Pumped Storage Facilities:
Yards Creek (B)	50	%	$	55	$	27	$	48	$	26
Merrill Creek Reservoir	14	%	$	1	$	—	$	1	$	—


(A)	In September 2019, PSEG Power completed the sale of its ownership interests in the Keystone and Conemaugh generation plants and related assets and liabilities.


(B)	On February 23, 2020, a Purchase Agreement was entered into to sell ownership interests in this generation facility. See Note 4. Early Plant Retirements/Asset Dispositions for additional information.

PSEG Power holds undivided ownership interests in the jointly-owned facilities above. PSEG Power is entitled to shares of the generating capability and output of each unit equal to its respective ownership interests. PSEG Power also pays its ownership share of additional construction costs, fuel inventory purchases and operating expenses. PSEG Power’s share of expenses for the jointly-owned facilities is included in the appropriate expense category. Each owner is responsible for any financing with respect to its pro rata share of capital expenditures.

PSEG Power co-owns Salem and Peach Bottom with Exelon Generation. PSEG Power is the operator of Salem and Exelon Generation is the operator of Peach Bottom. A committee appointed by the co-owners provides oversight. Proposed O&M budgets and requests for major capital expenditures are reviewed and approved as part of the normal PSEG Power governance process.

PSEG Power is a co-owner in the Yards Creek Pumped Storage Generation Facility. Jersey Central Power & Light Company (JCP&L) is also a co-owner and the operator of this facility. JCP&L submits separate capital and O&M budgets, subject to PSEG Power’s approval as part of the normal PSEG Power governance process.

PSEG Power is a minority owner in the Merrill Creek Reservoir and Environmental Preserve in Warren County, New Jersey. Merrill Creek Owners Group is the owner-operator of this facility. The operator submits separate capital and O&M budgets, subject to PSEG Power’s approval as part of the normal PSEG Power governance process.