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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
CURRENT ASSETS    
Cash and Cash Equivalents $ 493 $ 379
Accounts Receivable, net of allowances in 2013 and 2012, respectively 1,203 1,069
Tax Receivable 109 227
Unbilled Revenues 300 314
Fuel 545 583
Materials and Supplies, net 479 422
Prepayments 89 283
Derivative Contracts 98 138
Deferred Income Taxes 24 49
Regulatory Assets 243 349
Other 31 56
Total Current Assets 3,614 3,869
PROPERTY, PLANT AND EQUIPMENT 29,713 27,402
Less: Accumulated Depreciation and Amortization (8,068) (7,666)
Net Property, Plant and Equipment 21,645 19,736
NONCURRENT ASSETS    
Regulatory Assets 2,612 3,830
Regulatory Assets of Variable Interest Entities (VIEs) 476 713
Long-Term Investments 1,313 1,324
Nuclear Decommissioning Trust (NDT) Fund 1,701 1,540
Other Special Funds 613 191
Goodwill 16 16
Other Intangibles 33 34
Derivative Contracts 163 153
Restricted Cash of VIEs 24 23
Other 312 296
Total Noncurrent Assets 7,263 8,120
Total Assets 32,522 31,725
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 544 1,026
Securitization Debt of VIEs Due Within One Year 237 226
Commercial Paper and Loans 60 263
Accounts Payable 1,222 1,304
Derivative Contracts 76 46
Accrued Interest 95 91
Accrued Taxes 37 17
Deferred Income Taxes 0 72
Clean Energy Program 142 153
Obligation to Return Cash Collateral 119 122
Regulatory Liabilities 43 67
Other 488 390
Total Current Liabilities 3,063 3,777
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 7,107 6,542
Regulatory Liabilities 233 209
Regulatory Liabilities of VIEs 11 10
Asset Retirement Obligations 677 627
Other Postretirement Benefit (OPEB) Costs 1,095 1,285
Accrued Pension Costs 121 876
Environmental Costs 414 537
Derivative Contracts 31 122
Long-Term Accrued Taxes 180 164
Other 119 108
Total Noncurrent Liabilities 9,988 10,480
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 13)      
LONG-TERM DEBT    
Long-Term Debt 7,587 6,148
Securitization Debt of VIEs 259 496
Project Level, Non-Recourse Debt 16 43
Total Long-Term Debt 7,862 6,687
STOCKHOLDER'S EQUITY    
Common Stock 4,861 4,833
Treasury Stock, at cost (615) (607)
Basis Adjustment 986  
Retained Earnings 7,457 6,942
Accumulated Other Comprehensive Income (95) (388)
Total Common Stockholders' Equity 11,608 10,780
Noncontrolling Interest 1 1
Total Stockholder's Equity 11,609 10,781
Total Capitalization 19,471 17,468
TOTAL LIABILITIES AND CAPITALIZATION 32,522 31,725
Power [Member]
   
CURRENT ASSETS    
Cash and Cash Equivalents 6 7
Accounts Receivable, net of allowances in 2013 and 2012, respectively 338 270
Accounts Receivable-Affiliated Companies, net 333 340
Short-Term Loan to Affiliate 790 574
Fuel 545 583
Materials and Supplies, net 362 307
Prepayments 13 17
Derivative Contracts 57 118 [1]
Deferred Income Taxes 30 0
Other 2 20
Total Current Assets 2,476 2,236
PROPERTY, PLANT AND EQUIPMENT 10,278 9,914
Less: Accumulated Depreciation and Amortization (2,911) (2,692)
Net Property, Plant and Equipment 7,367 7,222
NONCURRENT ASSETS    
Long-Term Investments 123 125
Nuclear Decommissioning Trust (NDT) Fund 1,701 1,540
Other Special Funds 139 36
Goodwill 16 16
Other Intangibles 33 34
Derivative Contracts 72 49 [1]
Other 75 65
Total Noncurrent Assets 2,159 1,865
Total Assets 12,002 11,323
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 44 300
Accounts Payable 516 499
Derivative Contracts 76 46 [1]
Accrued Interest 28 26
Deferred Income Taxes 0 16
Other 136 81
Total Current Liabilities 800 968
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 2,031 1,669
Asset Retirement Obligations 400 374
Other Postretirement Benefit (OPEB) Costs 206 221
Accrued Pension Costs 35 272
Derivative Contracts 31 15 [1]
Long-Term Accrued Taxes 53 50
Other 91 84
Total Noncurrent Liabilities 2,847 2,685
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 13)      
LONG-TERM DEBT    
Total Long-Term Debt 2,497 2,040
STOCKHOLDER'S EQUITY    
Contributed Capital 2,214 2,190
Basis Adjustment (986) (986)
Retained Earnings 4,693 4,754
Accumulated Other Comprehensive Income (63) (328)
Total Stockholder's Equity 5,858 5,630
TOTAL LIABILITIES AND CAPITALIZATION 12,002 11,323
PSE&G [Member]
   
CURRENT ASSETS    
Cash and Cash Equivalents 18 116
Accounts Receivable, net of allowances in 2013 and 2012, respectively 832 783
Unbilled Revenues 300 314
Materials and Supplies, net 115 114
Prepayments 24 29
Derivative Contracts 25 5
Deferred Income Taxes 16 49
Regulatory Assets 243 349
Other 12 24
Total Current Assets 1,585 1,783
PROPERTY, PLANT AND EQUIPMENT 19,071 17,006
Less: Accumulated Depreciation and Amortization (4,964) (4,726)
Net Property, Plant and Equipment 14,107 12,280
NONCURRENT ASSETS    
Regulatory Assets 2,612 3,830
Regulatory Assets of Variable Interest Entities (VIEs) 476 713
Long-Term Investments 361 348
Other Special Funds 354 61
Derivative Contracts 69 62
Restricted Cash of VIEs 24 23
Other 132 123
Total Noncurrent Assets 4,028 5,160
Total Assets 19,720 19,223
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 500 725
Securitization Debt of VIEs Due Within One Year 237 226
Commercial Paper and Loans 60 263
Accounts Payable 535 630
Accounts Payable-Affiliated Companies, net 190 73
Accrued Interest 67 65
Deferred Income Taxes 30 60
Clean Energy Program 142 153
Obligation to Return Cash Collateral 119 122
Regulatory Liabilities 43 67
Other 314 269
Total Current Liabilities 2,237 2,653
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 4,406 4,223
Regulatory Liabilities 233 209
Regulatory Liabilities of VIEs 11 10
Asset Retirement Obligations 274 250
Other Postretirement Benefit (OPEB) Costs 839 1,011
Accrued Pension Costs 27 463
Environmental Costs 363 486
Derivative Contracts 0 107
Long-Term Accrued Taxes 72 32
Other 47 38
Total Noncurrent Liabilities 6,272 6,829
COMMITMENTS AND CONTINGENT LIABILITIES (See Note 13)      
LONG-TERM DEBT    
Long-Term Debt 5,066 4,070
Securitization Debt of VIEs 259 496
Total Long-Term Debt 5,325 4,566
STOCKHOLDER'S EQUITY    
Common Stock 892 892
Contributed Capital 520 420
Basis Adjustment 986 986
Retained Earnings 3,487 2,875
Accumulated Other Comprehensive Income 1 2
Total Stockholder's Equity 5,886 5,175
Total Capitalization 11,211 9,741
TOTAL LIABILITIES AND CAPITALIZATION $ 19,720 $ 19,223
[1] Substantially all of Power's and PSEG's derivative instruments are contracts subject to master netting agreements. Contracts not subject to master netting or similar agreements are immaterial and did not have any collateral posted or received as of December 31, 2013 and 2012. PSE&G does not have any derivative contracts subject to master netting or similar agreements.