Commitments and Contingent Liabilities (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Capital Expenditures

	2013		2014		2015
	Millions
Power	$	400	$	365	$	305
PSE&G	2,040		1,680		1,180
Other	95		40		30
Total PSEG	$	2,535	$	2,085	$	1,515

Insurance coverages and maximum retrospective assessments for its nuclear operations

Type and Source of Coverages	Total Site Coverage			Retrospective Assessments
	Millions
Public and Nuclear Worker Liability (Primary Layer):
ANI	$	375	(A)	$	—
Nuclear Liability (Excess Layer):
Price-Anderson Act	12,219		(B)	370
Nuclear Liability Total	$	12,594	(C)	$	370
Property Damage (Primary Layer):
NEIL Primary (Salem/Hope Creek/Peach Bottom)	$	500		$	22
Property Damage (Excess Layers):
NEIL II (Salem/Hope Creek/Peach Bottom)	750			8
NEIL Blanket Excess (Salem/Hope Creek/Peach Bottom)	850		(D)	5
Property Damage Total (Per Site)	$	2,100		$	35
Accidental Outage:
NEIL I (Peach Bottom)	$	245	(E)	$	6
NEIL I (Salem)	281		(E)	7
NEIL I (Hope Creek)	490		(E)	6
Replacement Power Total	$	1,016		$	19

(A) The primary limit for Public Liability is a per site aggregate limit with no potential for assessment. The Nuclear Worker Liability represents the potential liability from workers claiming exposure to the hazard of nuclear radiation. This coverage is subject to an industry aggregate limit that is subject to reinstatement at ANI discretion.

(B) Retrospective premium program under the Price-Anderson Act liability provisions of the Atomic Energy Act of 1954, as amended. Power is subject to retrospective assessment with respect to loss from an incident at any licensed nuclear reactor in the United States that produces greater than 100 MW of electrical power. This retrospective assessment can be adjusted for inflation every five years. The last adjustment was effective as of October 29, 2008. The next adjustment is due on or before October 29, 2013. This retrospective program is in excess of the Public and Nuclear Worker Liability primary layers.

(C) Limit of liability under the Price-Anderson Act for each nuclear incident.

(D) For property limits in excess of $1.25 billion, Power participates in a Blanket Limit policy where the $850 million limit is shared by Power with Exelon Generation among the Braidwood, Byron, Clinton, Dresden, La Salle, Limerick, Oyster Creek, Quad Cities, TMI-1 facilities owned by Exelon Generation and the Peach Bottom, Salem and Hope Creek facilities. This limit is not subject to reinstatement in the event of a loss. Participation in this program materially reduces Power’s premium and the associated potential assessment.

(E) Peach Bottom has an aggregate indemnity limit based on a weekly indemnity of $2.3 million for 52 weeks followed by 80% of the weekly indemnity for 68 weeks. Salem has an aggregate indemnity limit based on a weekly indemnity of $2.5 million for 52 weeks followed by 80% of the weekly indemnity for 75 weeks. Hope Creek has an aggregate indemnity limit based on a weekly indemnity of $4.5 million for 52 weeks followed by 80%of the weekly indemnity for 71 weeks.

Future Minimum Rental Payments

	PSEG		Power		PSE&G		Energy Holdings
	Millions
2013	$	—	$	—	$	7	$	2
2014	—		1		6		2
2015	3		1		3		2
2016	12		1		3		2
2017	13		1		3		1
Thereafter	186		4		32		12
Total Minimum Lease Payments	$	214	$	8	$	54	$	21

Power [Member]

Face Value Of Outstanding Guarantees, Current Exposure And Margin Positions

	As of December 31, 2012			As of December 31, 2011
	Millions
Face Value of Outstanding Guarantees	$	1,508		$	1,756
Exposure under Current Guarantees	$	226		$	315
Letters of Credit Margin Posted	$	124		$	135
Letters of Credit Margin Received	$	69		$	91
Cash Deposited and Received
Counterparty Cash Margin Deposited	$	15		$	20
Counterparty Cash Margin Received	$	(4	)	$	(7	)
Net Broker Balance Deposited (Received)	$	26		$	(92	)
In the Event Power were to Lose its Investment Grade Rating:
Additional Collateral that could be Required	$	654		$	812
Liquidity Available under PSEG’s and Power’s Credit Facilities to Post Collateral	$	3,531		$	3,415
Additional Amounts Posted
Other Letters of Credit	$	45		$	52

Schedule of Capital Expenditures

	2013		2014		2015
	Millions
Power	$	400	$	365	$	305
PSE&G	2,040		1,680		1,180
Other	95		40		30
Total PSEG	$	2,535	$	2,085	$	1,515

Total Minimum Purchase Commitments

Fuel Type	Power’s Share of Commitments through 2017
	Millions
Nuclear Fuel
Uranium	$	518
Enrichment	$	453
Fabrication	$	146
Natural Gas	$	939
Coal	$	555

PSE&G [Member]

Schedule of Capital Expenditures

	2013		2014		2015
	Millions
Power	$	400	$	365	$	305
PSE&G	2,040		1,680		1,180
Other	95		40		30
Total PSEG	$	2,535	$	2,085	$	1,515

Contract For Anticipated BGS-Fixed Price Eligible Load

	Auction Year
	2010	2011	2012	2013
36-Month Terms Ending	May 2013	May 2014	May 2015	May 2016	(A)
Load (MW)	2,800	2,800	2,900	2,800
$ per kWh	0.09577	0.09430	0.08388	0.09218

Future Minimum Rental Payments

	PSEG		Power		PSE&G		Energy Holdings
	Millions
2013	$	—	$	—	$	7	$	2
2014	—		1		6		2
2015	3		1		3		2
2016	12		1		3		2
2017	13		1		3		1
Thereafter	186		4		32		12
Total Minimum Lease Payments	$	214	$	8	$	54	$	21