Discontinued Operations and Dispositions

12 Months Ended

Dec. 31, 2012

Discontinued Operations and Dispositions

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 sale 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 a total sale price of $335 million, resulting in an after-tax gain of $25 million.

PSEG Texas’ operating results for years ended December 31,2011 and 2010, which were reclassified to Discontinued Operations, are summarized below:

	Years Ended December 31,
	2011		2010
	Millions
Operating Revenues	$	112	$	402
Income Before Income Taxes	$	26	$	15
Net Income (Loss)	$	17	$	7

Dispositions

Leveraged Leases

For the year ended December 31, 2011, Energy Holdings sold its leveraged lease investment in an office building in Denver, Colorado for gross proceeds of $215 million. Proceeds net of sales costs were $175 million.

For the year ended December 31, 2010, Energy Holdings sold its interest in six leveraged leases, including five international leases.

		Years Ended December 31,
		2011		2010
	Millions
Net Proceeds from Sales		$	175	$	433
Gain (Loss) on Sales, after-tax		$	34	$	30

Power [Member]

Discontinued Operations and Dispositions

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 sale 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 a total sale price of $335 million, resulting in an after-tax gain of $25 million.

PSEG Texas’ operating results for years ended December 31,2011 and 2010, which were reclassified to Discontinued Operations, are summarized below:

	Years Ended December 31,
	2011		2010
	Millions
Operating Revenues	$	112	$	402
Income Before Income Taxes	$	26	$	15
Net Income (Loss)	$	17	$	7

Dispositions

Leveraged Leases

For the year ended December 31, 2011, Energy Holdings sold its leveraged lease investment in an office building in Denver, Colorado for gross proceeds of $215 million. Proceeds net of sales costs were $175 million.

For the year ended December 31, 2010, Energy Holdings sold its interest in six leveraged leases, including five international leases.

		Years Ended December 31,
		2011		2010
	Millions
Net Proceeds from Sales		$	175	$	433
Gain (Loss) on Sales, after-tax		$	34	$	30