XML 108 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Operations (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating Revenues $ 9,781 $ 11,079 $ 11,793
Operating Expenses [Abstract]      
Energy Costs 3,719 4,747 5,261
Operation and Maintenance 2,632 2,481 2,504
Depreciation and Amortization 1,054 976 955
Taxes Other Than Income Taxes 98 133 136
Total Operating Expenses 7,503 8,337 8,856
OPERATING INCOME 2,278 2,742 2,937
Income from Equity Method Investments 12 4 4
Other Income 260 220 221
Other Deductions (98) (85) (63)
Other-Than-Temporary Impairments (18) (22) (11)
Interest Expense (423) (475) (472)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 2,011 2,384 2,616
Income Tax (Expense) Benefit (736) (977) (1,059)
INCOME FROM CONTINUING OPERATIONS 1,275 1,407 1,557
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax (expense) benefit for the years ended 2012, 2011 and 2010, respectively 0 96 7
Net Income 1,275 1,503 1,564
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (THOUSANDS):      
BASIC 505,933 505,949 505,985
DILUTED 507,086 506,982 507,045
EARNINGS PER SHARE:      
INCOME FROM CONTINUING OPERATIONS, BASIC $ 2.52 $ 2.78 $ 3.08
NET INCOME $ 2.52 $ 2.97 $ 3.09
INCOME FROM CONTINUING OPERATIONS, DILUTED $ 2.51 $ 2.77 $ 3.07
NET INCOME $ 2.51 $ 2.96 $ 3.08
DIVIDENDS PAID PER SHARE OF COMMON STOCK $ 1.42 $ 1.37 $ 1.37
Power [Member]
     
Operating Revenues 4,865 6,143 6,558
Operating Expenses [Abstract]      
Energy Costs 2,383 3,046 3,374
Operation and Maintenance 1,122 1,102 1,046
Depreciation and Amortization 237 224 175
Total Operating Expenses 3,742 4,372 4,595
OPERATING INCOME 1,123 1,771 1,963
Other Income 199 190 170
Other Deductions (90) (79) (53)
Other-Than-Temporary Impairments (18) (20) (9)
Interest Expense (134) (175) (157)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 1,080 1,687 1,914
Income Tax (Expense) Benefit (433) (685) (778)
INCOME FROM CONTINUING OPERATIONS 647 1,002 1,136
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax (expense) benefit for the years ended 2012, 2011 and 2010, respectively 0 96 7
Net Income 647 1,098 1,143
PSE&G [Member]
     
Operating Revenues 6,626 7,326 7,869
Operating Expenses [Abstract]      
Energy Costs 3,159 3,951 4,655
Operation and Maintenance 1,508 1,372 1,442
Depreciation and Amortization 778 719 750
Taxes Other Than Income Taxes 98 133 136
Total Operating Expenses 5,543 6,175 6,983
OPERATING INCOME 1,083 1,151 886
Other Income 52 25 26
Other Deductions (5) (4) (3)
Other-Than-Temporary Impairments 0 (1) 0
Interest Expense (295) (310) (318)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 835 861 591
Income Tax (Expense) Benefit (307) (340) (232)
Preferred Stock Dividends 0 0 (1)
Net Income 528 521 359
EARNINGS AVAILABLE TO PUBLIC SERVICE ENTERPRICE GROUP INCORPORATED $ 528 $ 521 $ 358