XML 59 R28.htm IDEA: XBRL DOCUMENT v2.4.0.8
Available-for-Sale Securities (Tables)
 3 Months Ended
Mar. 31, 2014
Fair Values And Gross Unrealized Gains And Losses For The Securities Held In The NDT Fund
 
 
 
 
 
 
 
 
 
 
 
 
As of March 31, 2014
 
 
 
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
 
 
Millions
 
 
Equity Securities
$
619

 
$
288

 
$
(3
)
 
$
904

 
 
Debt Securities
 
 
 
 
 
 
 
 
 
Government Obligations
464

 
3

 
(7
)
 
460

 
 
Other Debt Securities
306

 
11

 
(2
)
 
315

 
 
Total Debt Securities
770

 
14

 
(9
)
 
775

 
 
Other Securities
55

 
—

 
—

 
55

 
 
Total NDT Available-for-Sale Securities
$
1,444

 
$
302

 
$
(12
)
 
$
1,734

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2013
 
 
 
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
 
 
Millions
 
 
Equity Securities
$
609

 
$
290

 
$
(2
)
 
$
897

 
 
Debt Securities
 
 
 
 
 
 
 
 
 
Government Obligations
438

 
3

 
(12
)
 
429

 
 
Other Debt Securities
285

 
10

 
(4
)
 
291

 
 
Total Debt Securities
723

 
13

 
(16
)
 
720

 
 
Other Securities
84

 
—

 
—

 
84

 
 
Total NDT Available-for-Sale Securities
$
1,416

 
$
303

 
$
(18
)
 
$
1,701

 
 
 
 
 
 
 
 
 
 
 
Schedule Of Accounts Receivable And Accounts Payable in the NDT Funds
 
 
 
 
 
 
 
 
As of
 
As of
 
 
 
March 31,
2014
 
December 31,
2013
 
 
 
Millions
 
 
Accounts Receivable
$
68

 
$
39

 
 
Accounts Payable
$
70

 
$
36

 
 
 
 
 
 
 
Value Of Securities That Have Been In An Unrealized Loss Position For Less Than And Greater Than 12 Months
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of March 31, 2014
 
As of December 31, 2013
 
 
 
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)
$
56

 
$
(3
)
 
$
1

 
$
—

 
$
30

 
$
(2
)
 
$
2

 
$
—

 
 
Debt Securities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Government Obligations (B)
269

 
(7
)
 
4

 
—

 
300

 
(11
)
 
1

 
(1
)
 
 
Other Debt Securities (C)
91

 
(2
)
 
3

 
—

 
107

 
(4
)
 
3

 
—

 
 
Total Debt Securities
360

 
(9
)
 
7

 
—

 
407

 
(15
)
 
4

 
(1
)
 
 
NDT Available-for-Sale Securities
$
416

 
$
(12
)
 
$
8

 
$
—

 
$
437

 
$
(17
)
 
$
6

 
$
(1
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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 March 31, 2014.
(B)
Debt Securities (Government)—Unrealized losses on Power’s NDT investments in United States Treasury obligations and Federal Agency mortgage-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 March 31, 2014.
(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 March 31, 2014.
Proceeds From The Sales Of And The Net Realized Gains On Securities In The NDT Funds And Rabbi Trusts
 
 
 
 
 
 
 
 
Three Months Ended
 
 
 
March 31,
 
 
 
2014
 
2013
 
 
 
Millions
 
 
Proceeds from NDT Fund Sales
$
245

 
$
241

 
 
Net Realized Gains (Losses) on NDT Fund:
 
 
 
 
 
Gross Realized Gains
23

 
37

 
 
Gross Realized Losses
(4
)
 
(19
)
 
 
Net Realized Gains (Losses) on NDT Fund
$
19

 
$
18

 
 
 
 
 
 
 
Amount Of Available-For-Sale Debt Securities By Maturity Periods
 
 
 
 
 
Time Frame
Fair Value
 
 
 
Millions
 
 
Less than one year
$
38

 
 
1 - 5 years
216

 
 
6 - 10 years
184

 
 
11 - 15 years
54

 
 
16 - 20 years
29

 
 
Over 20 years
254

 
 
Total NDT Available-for-Sale Debt Securities
$
775

 
 
 
 
 
Rabbi Trust [Member]
  
Value Of Securities That Have Been In An Unrealized Loss Position For Less Than And Greater Than 12 Months
The following table shows the value of securities in the Rabbi Trust Fund that have been in an unrealized loss position for less than 12 months and greater than 12 months.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of March 31, 2014
 
As of December 31, 2013
 
 
 
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)
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
 
Debt Securities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Government Obligations (B)
42

 
(1
)
 
2

 
—

 
47

 
(2
)
 
2

 
—

 
 
Other Debt Securities (C)
13

 
(1
)
 
1

 
—

 
18

 
(1
)
 
1

 
—

 
 
Total Debt Securities
55

 
(2
)
 
3

 
—

 
65

 
(3
)
 
3

 
—

 
 
Rabbi Trust Available-for-Sale Securities
$
55

 
$
(2
)
 
$
3

 
$
—

 
$
65

 
$
(3
)
 
$
3

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(A)
Equity Securities—Investments in marketable equity securities within the Rabbi Trust Fund are through a mutual fund which invests primarily in common stocks within a broad range of industries and sectors. PSEG does not consider these securities to be other-than-temporarily impaired as of March 31, 2014.
(B)
Debt Securities (Government)—Unrealized losses on PSEG’s Rabbi Trust investments in United States Treasury obligations and Federal Agency mortgage-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 PSEG does not intend to sell nor will it be more-likely-than-not required to sell. PSEG does not consider these securities to be other-than-temporarily impaired as of March 31, 2014.
(C)
Debt Securities (Corporate)—PSEG’s investments in corporate bonds are primarily in investment grade securities. It is not expected that these securities would settle for less than their amortized cost. Since PSEG does not intend to sell these securities nor will it be more-likely-than-not required to sell, PSEG does not consider these debt securities to be other-than-temporarily impaired as of March 31, 2014.
Securities Held In The Rabbi Trusts

 
 
 
 
 
 
 
 
 
 
 
As of March 31, 2014
 
 
 
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
 
 
Millions
 
 
Equity Securities
$
12

 
$
9

 
$
—

 
$
21

 
 
Debt Securities
 
 
 
 
 
 
 
 
 
Government Obligations
110

 
—

 
(1
)
 
109

 
 
Other Debt Securities
46

 
1

 
(1
)
 
46

 
 
Total Debt Securities
156

 
1

 
(2
)
 
155

 
 
Other Securities
7

 
—

 
—

 
7

 
 
Total Rabbi Trust Available-for-Sale Securities
$
175

 
$
10

 
$
(2
)
 
$
183

 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2013
 
 
 
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
 
 
Millions
 
 
Equity Securities
$
14

 
$
9

 
$
—

 
$
23

 
 
Debt Securities
 
 
 
 
 
 
 
 
 
Government Obligations
109

 
—

 
(2
)
 
107

 
 
Other Debt Securities
46

 
1

 
(1
)
 
46

 
 
Total Debt Securities
155

 
1

 
(3
)
 
153

 
 
Other Securities
3

 
—

 
—

 
3

 
 
Total Rabbi Trust Available-for-Sale Securities
$
172

 
$
10

 
$
(3
)
 
$
179

 
 
 
 
 
 
 
 
 
 
 
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
 
 
 
March 31,
2014
 
December 31,
2013
 
 
 
Millions
 
 
Accounts Receivable
$
4

 
$
1

 
 
Accounts Payable
$
3

 
$
2

 
 
 
 
 
 
 
Proceeds From The Sales Of And The Net Realized Gains On Securities In The NDT Funds And Rabbi Trusts
 
 
 
 
 
 
 
 
Three Months Ended
 
 
 
March 31,
 
 
 
2014
 
2013
 
 
 
Millions
 
 
Proceeds from Rabbi Trust Sales
$
12

 
$
17

 
 
Net Realized Gains (Losses) on Rabbi Trust:
 
 
 
 
 
Gross Realized Gains
$
2

 
$
—

 
 
Gross Realized Losses
—

 
—

 
 
Net Realized Gains (Losses) on Rabbi Trust
$
2

 
$
—

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

 
 
1 - 5 years
60

 
 
6 - 10 years
27

 
 
11 - 15 years
9

 
 
16 - 20 years
4

 
 
Over 20 years
55

 
 
Total Rabbi Trust Available-for-Sale Debt Securities
$
155

 
 
 
 
 
Fair Value Of The Rabbi Trusts
 
 
 
 
 
 
 
 
As of
 
As of
 
 
 
March 31,
2014
 
December 31,
2013
 
 
 
Millions
 
 
Power
$
43

 
$
39

 
 
PSE&G
39

 
42

 
 
Other
101

 
98

 
 
Total Rabbi Trust Available-for-Sale Securities
$
183

 
$
179