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Available-for-Sale Securities (Tables)
 9 Months Ended
Sep. 30, 2013
Fair Values And Gross Unrealized Gains And Losses For The Securities Held In The NDT Fund
 
 
 
 
 
 
 
 
 
 
 
 
As of September 30, 2013
 
 
 
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
 
 
Millions
 
 
Equity Securities
$
615

 
$
234

 
$
(6
)
 
$
843

 
 
Debt Securities
 
 
 
 
 
 
 
 
 
Government Obligations
411

 
5

 
(6
)
 
410

 
 
Other Debt Securities
313

 
11

 
(4
)
 
320

 
 
Total Debt Securities
724

 
16

 
(10
)
 
730

 
 
Other Securities
62

 
—

 
—

 
62

 
 
Total NDT Available-for-Sale Securities
$
1,401

 
$
250

 
$
(16
)
 
$
1,635

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2012
 
 
 
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
 
 
Millions
 
 
Equity Securities
$
648

 
$
147

 
$
(6
)
 
$
789

 
 
Debt Securities
 
 
 
 
 
 
 
 
 
Government Obligations
274

 
11

 
—

 
285

 
 
Other Debt Securities
320

 
22

 
—

 
342

 
 
Total Debt Securities
594

 
33

 
—

 
627

 
 
Other Securities
124

 
—

 
—

 
124

 
 
Total NDT Available-for-Sale Securities
$
1,366

 
$
180

 
$
(6
)
 
$
1,540

 
 
 
 
 
 
 
 
 
 
 
Schedule Of Accounts Receivable And Accounts Payable in the NDT Funds
 
 
 
 
 
 
 
 
As of
 
As of
 
 
 
September 30,
2013
 
December 31,
2012
 
 
 
Millions
 
 
Accounts Receivable
$
43

 
$
18

 
 
Accounts Payable
$
47

 
$
53

 
 
 
 
 
 
 
Value Of Securities That Have Been In An Unrealized Loss Position For Less Than And Greater Than 12 Months
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of September 30, 2013
 
As of December 31, 2012
 
 
 
Less Than 12
Months
 
Greater Than 12
Months
 
Less Than 12
Months
 
Greater Than 12
Months
 
 
 
Fair
Value
 
Gross
Unrealized
Losses
 
Fair
Value
 
Gross
Unrealized
Losses
 
Fair
Value
 
Gross
Unrealized
Losses
 
Fair
Value
 
Gross
Unrealized
Losses
 
 
 
Millions
 
 
Equity Securities (A)
$
78

 
$
(6
)
 
$
—

 
$
—

 
$
139

 
$
(6
)
 
$
—

 
$
—

 
 
Debt Securities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Government Obligations (B)
158

 
(6
)
 
—

 
—

 
34

 
—

 
1

 
—

 
 
Other Debt Securities (C)
131

 
(4
)
 
—

 
—

 
31

 
—

 
6

 
—

 
 
Total Debt Securities
289

 
(10
)
 
—

 
—

 
65

 
—

 
7

 
—

 
 
Other Securities
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
 
NDT Available-for-Sale Securities
$
367

 
$
(16
)
 
$
—

 
$
—

 
$
204

 
$
(6
)
 
$
7

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(A)
Equity Securities—Investments in marketable equity securities within the NDT Fund are primarily in common stocks within a broad range of industries and sectors. The unrealized losses are distributed over a broad range of securities with limited impairment durations. Power does not consider these securities to be other-than-temporarily impaired as of September 30, 2013.
(B)
Debt Securities (Government)—Unrealized losses on Power’s NDT investments in United States Treasury obligations and Federal Agency asset-backed securities were caused by interest rate changes. Since these investments are guaranteed by the United States government or an agency of the United States government, it is not expected that these securities will settle for less than their amortized cost basis, since Power does not intend to sell nor will it be more-likely-than-not required to sell. Power does not consider these securities to be other-than-temporarily impaired as of September 30, 2013.
(C)
Debt Securities (Corporate)—Power’s investments in corporate bonds are limited to investment grade securities. It is not expected that these securities would settle for less than their amortized cost. Since Power does not intend to sell these securities nor will it be more-likely-than-not required to sell, Power does not consider these debt securities to be other-than-temporarily impaired as of September 30, 2013.
Proceeds From The Sales Of And The Net Realized Gains On Securities In The NDT Funds And Rabbi Trusts
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
 
Nine Months Ended
 
 
 
September 30,
 
September 30,
 
 
 
2013
 
2012
 
2013
 
2012
 
 
 
Millions
 
 
Proceeds from NDT Fund Sales
$
220

 
$
617

 
$
837

 
$
1,252

 
 
Net Realized Gains (Losses) on NDT Fund:
 
 
 
 
 
 
 
 
 
Gross Realized Gains
35

 
94

 
95

 
136

 
 
Gross Realized Losses
(9
)
 
(19
)
 
(34
)
 
(41
)
 
 
Net Realized Gains (Losses) on NDT Fund
$
26

 
$
75

 
$
61

 
$
95

 
 
 
 
 
 
 
 
 
 
 
Amount Of Available-For-Sale Debt Securities By Maturity Periods
 
 
 
 
 
Time Frame
Fair Value
 
 
 
Millions
 
 
Less than one year
$
57

 
 
1 - 5 years
167

 
 
6 - 10 years
186

 
 
11 - 15 years
44

 
 
16 - 20 years
19

 
 
Over 20 years
257

 
 
Total NDT Available-for-Sale Debt Securities
$
730

 
 
 
 
 
Rabbi Trust [Member]
  
Securities Held In The Rabbi Trusts

 
 
 
 
 
 
 
 
 
 
 
As of September 30, 2013
 
 
 
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
 
 
Millions
 
 
Equity Securities
$
14

 
$
7

 
$
—

 
$
21

 
 
Debt Securities
 
 
 
 
 
 
 
 
 
Government Obligations
110

 
—

 
(2
)
 
108

 
 
Other Debt Securities
45

 
—

 
(1
)
 
44

 
 
Total Debt Securities
155

 
—

 
(3
)
 
152

 
 
Other Securities
2

 
—

 
—

 
2

 
 
Total Rabbi Trust Available-for-Sale Securities
$
171

 
$
7

 
$
(3
)
 
$
175

 
 
 
 
 
 
 
 
 
 
 
Securities in the Rabbi Trust in a gross unrealized loss position have been in such position for less than twelve months.

 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2012
 
 
 
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
 
 
Millions
 
 
Equity Securities
$
13

 
$
5

 
$
—

 
$
18

 
 
Debt Securities
 
 
 
 
 
 
 
 
 
Government Obligations
114

 
3

 
—

 
117

 
 
Other Debt Securities
45

 
2

 
—

 
47

 
 
Total Debt Securities
159

 
5

 
—

 
164

 
 
Other Securities
3

 
—

 
—

 
3

 
 
Total Rabbi Trust Available-for-Sale Securities
$
175

 
$
10

 
$
—

 
$
185

 
 
 
 
 
 
 
 
 
 
 
Schedule of Accounts Receivable and Accounts Payable in the Rabbi Trust Funds [Table Text Block]
These amounts in the preceding tables do not include receivables and payables for Rabbi Trust Fund transactions which have not settled at the end of each period. Such amounts are included in Accounts Receivable and Accounts Payable on the Condensed Consolidated Balance Sheets as shown in the following table.
 
 
 
 
 
 
 
 
As of
 
As of
 
 
 
September 30,
2013
 
December 31,
2012
 
 
 
Millions
 
 
Accounts Receivable
$
3

 
$
4

 
 
Accounts Payable
$
3

 
$
5

 
 
 
 
 
 
 
Proceeds From The Sales Of And The Net Realized Gains On Securities In The NDT Funds And Rabbi Trusts
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
 
Nine Months Ended
 
 
 
September 30,
 
September 30,
 
 
 
2013
 
2012
 
2013
 
2012
 
 
 
Millions
 
 
Proceeds from Rabbi Trust Sales
$
13

 
$
6

 
$
77

 
$
221

 
 
Net Realized Gains (Losses) on Rabbi Trust:
 
 
 
 
 
 
 
 
 
Gross Realized Gains
$
—

 
$
—

 
$
4

 
$
6

 
 
Gross Realized Losses
—

 
—

 
(3
)
 
—

 
 
Net Realized Gains (Losses) on Rabbi Trust
$
—

 
$
—

 
$
1

 
$
6

 
 
 
 
 
 
 
 
 
 
 
Amount Of Available-For-Sale Debt Securities By Maturity Periods
 
 
 
 
 
Time Frame
Fair Value
 
 
 
Millions
 
 
Less than one year
$
—

 
 
1 - 5 years
59

 
 
6 - 10 years
29

 
 
11 - 15 years
7

 
 
16 - 20 years
4

 
 
Over 20 years
53

 
 
Total Rabbi Trust Available-for-Sale Debt Securities
$
152

 
 
 
 
 
Fair Value Of The Rabbi Trusts
 
 
 
 
 
 
 
 
As of
 
As of
 
 
 
September 30,
2013
 
December 31,
2012
 
 
 
Millions
 
 
Power
$
38

 
$
36

 
 
PSE&G
41

 
61

 
 
Other
96

 
88

 
 
Total Rabbi Trust Available-for-Sale Securities
$
175

 
$
185