Long-Term Investments (Tables)

12 Months Ended

Dec. 31, 2013

Long-Term Investments as of December 31, 2013 and 2012 included the following:




	As of December 31,
	2013		2012
	Millions
Power
Partnerships and Corporate Joint Ventures (Equity Method Investments) (A)	$	123	$	125
PSE&G
Life Insurance and Supplemental Benefits	158		161
Solar Loan Investments	196		180
Other Investments	7		7
Energy Holdings
Lease Investments	825		840
Partnerships and Corporate Joint Ventures:
Equity Method Investments (A)	3		9
Cost Method Investments (B)	1		2
Total Long-Term Investments	$	1,313	$	1,324


(A)	During the three years ended December 31, 2013, 2012 and 2011, the amount of dividends from these investments was $11 million, $17 million and $3 million, respectively.


(B)	Reflects Energy Holdings' investments in certain companies in which it does not have the ability to exercise significant influence. Such investments are accounted for under the cost method.

The following table shows Energy Holdings’ gross and net lease investment as of December 31, 2013 and 2012, respectively.




	As of December 31,
	2013			2012
	Millions
Lease Receivables (net of Non-Recourse Debt)	$	701		$	721
Estimated Residual Value of Leased Assets	529			535
Total Investment in Rental Receivables	1,230			1,256
Unearned and Deferred Income	(405		)	(416		)
Gross Investments in Leases	825			840
Deferred Tax Liabilities	(727		)	(723		)
Net Investments in Leases	$	98		$	117

The pre-tax income and income tax effects, excluding gains and losses on sales, related to investments in leases were as follows:




	Years Ended December 31,
	2013		2012		2011
	Millions
Pre-Tax Income (Loss) from Leases	$	11	$	78	$	(228	)
Income Tax Expense (Benefit) on Pre-Tax Income from Leases	$	6	$	34	$	(77	)

Power and Energy Holdings had the following equity method investments as of December 31, 2013: