Discontinued Operations and Dispositions

6 Months Ended

Jun. 30, 2012

Discontinued Operations and Dispositions

Note 4. Discontinued Operations and Dispositions

Discontinued Operations

Power

In March 2011, Power completed the sale of its 1,000 MW gas-fired Guadalupe generating facility for a total price of $352 million, resulting in an after-tax gain of $54 million.

In July 2011, Power completed the sale of its 1,000 MW gas-fired Odessa generating facility for approximately $335 million, resulting in an after-tax gain of approximately $25 million.

PSEG Texas’ operating results for the three months and six months ended June 30, 2011, which were reclassified to Discontinued Operations, are summarized below:

	Three Months Ended June 30, 2011		Six Months Ended June 30, 2011
	Millions
Operating Revenues	$	29	$	92
Income Before Income Taxes	$	2	$	20
Net Income	$	2	$	13

Power [Member]

Discontinued Operations and Dispositions

Note 4. Discontinued Operations and Dispositions

Discontinued Operations

Power

In March 2011, Power completed the sale of its 1,000 MW gas-fired Guadalupe generating facility for a total price of $352 million, resulting in an after-tax gain of $54 million.

In July 2011, Power completed the sale of its 1,000 MW gas-fired Odessa generating facility for approximately $335 million, resulting in an after-tax gain of approximately $25 million.

PSEG Texas’ operating results for the three months and six months ended June 30, 2011, which were reclassified to Discontinued Operations, are summarized below:

	Three Months Ended June 30, 2011		Six Months Ended June 30, 2011
	Millions
Operating Revenues	$	29	$	92
Income Before Income Taxes	$	2	$	20
Net Income	$	2	$	13