Earnings Per Share (EPS) and Dividends

6 Months Ended

Jun. 30, 2013

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Earnings Per Share (EPS) and Dividends

Earnings Per Share (EPS) and Dividends

Diluted EPS is calculated by dividing Net Income by the weighted average number of shares of common stock outstanding, including shares issuable upon exercise of stock options outstanding or vesting of restricted stock awards granted under PSEG's stock compensation plans and upon payment of performance units or restricted stock units. The following table shows the effect of these stock options, performance units and restricted stock units on the weighted average number of shares outstanding used in calculating diluted EPS:

	Three Months Ended June 30,								Six Months Ended June 30,
	2013				2012				2013				2012
	Basic		Diluted		Basic		Diluted		Basic		Diluted		Basic		Diluted
EPS Numerator (Millions)
Net Income	$	333	$	333	$	211	$	211	$	653	$	653	$	704	$	704
EPS Denominator (Thousands)
Weighted Average Common Shares Outstanding	505,900		505,900		505,903		505,903		505,921		505,921		505,956		505,956
Effect of Stock Based Compensation Awards	—		1,481		—		1,066		—		1,380		—		1,043
Total Shares	505,900		507,381		505,903		506,969		505,921		507,301		505,956		506,999
EPS
Net Income	$	0.66	$	0.66	$	0.42	$	0.42	$	1.29	$	1.29	$	1.39	$	1.39

	Three Months Ended				Six Months Ended
	June 30,				June 30,
Dividend Payments on Common Stock	2013		2012		2013		2012
Per Share	$	0.3600	$	0.3550	$	0.7200	$	0.7100
in Millions	$	182	$	180	$	364	$	359