Financial Information By Business Segments

6 Months Ended

Jun. 30, 2014

Financial Information By Business Segments

Financial Information by Business Segments

	Power		PSE&G		Other (A)		Eliminations (B)			Consolidated
	Millions
Three Months Ended June 30, 2014
Total Operating Revenues	$	986	$	1,435	$	131	$	(303	)	$	2,249
Net Income (Loss)	54		151		7		—			212
Gross Additions to Long-Lived Assets	100		515		5		—			620
Six Months Ended June 30, 2014
Total Operating Revenues	$	2,686	$	3,580	$	236	$	(1,030	)	$	5,472
Net Income (Loss)	218		365		15		—			598
Gross Additions to Long-Lived Assets	226		996		7		—			1,229
Three Months Ended June 30, 2013
Total Operating Revenues	$	1,193	$	1,423	$	14	$	(320	)	$	2,310
Net Income (Loss)	210		121		2		—			333
Gross Additions to Long-Lived Assets	97		576		9		—			682
Six Months Ended June 30, 2013
Total Operating Revenues	$	2,644	$	3,418	$	26	$	(992	)	$	5,096
Net Income (Loss)	351		300		2		—			653
Gross Additions to Long-Lived Assets	248		1,148		10		—			1,406
As of June 30, 2014
Total Assets	$	11,731	$	20,613	$	1,890	$	(534	)	$	33,700
Investments in Equity Method Subsidiaries	$	121	$	—	$	3	$	—		$	124
As of December 31, 2013
Total Assets	$	12,002	$	19,720	$	4,025	$	(3,225	)	$	32,522
Investments in Equity Method Subsidiaries	$	123	$	—	$	3	$	—		$	126

(A) Includes amounts applicable to Energy Holdings and PSEG LI, which are below the quantitative threshold for separate disclosure as reportable segments. Other also includes amounts applicable to PSEG (parent corporation) and Services.

(B) Intercompany eliminations, primarily related to intercompany transactions between Power and PSE&G. No gains or losses are recorded on any intercompany transactions; rather, all intercompany transactions are at cost or, in the case of the BGS and BGSS contracts between Power and PSE&G, at rates prescribed by the BPU. For a further discussion of the intercompany transactions between Power and PSE&G, see Note 17. Related-Party Transactions.

Power [Member]

Financial Information By Business Segments

Financial Information by Business Segments

	Power		PSE&G		Other (A)		Eliminations (B)			Consolidated
	Millions
Three Months Ended June 30, 2014
Total Operating Revenues	$	986	$	1,435	$	131	$	(303	)	$	2,249
Net Income (Loss)	54		151		7		—			212
Gross Additions to Long-Lived Assets	100		515		5		—			620
Six Months Ended June 30, 2014
Total Operating Revenues	$	2,686	$	3,580	$	236	$	(1,030	)	$	5,472
Net Income (Loss)	218		365		15		—			598
Gross Additions to Long-Lived Assets	226		996		7		—			1,229
Three Months Ended June 30, 2013
Total Operating Revenues	$	1,193	$	1,423	$	14	$	(320	)	$	2,310
Net Income (Loss)	210		121		2		—			333
Gross Additions to Long-Lived Assets	97		576		9		—			682
Six Months Ended June 30, 2013
Total Operating Revenues	$	2,644	$	3,418	$	26	$	(992	)	$	5,096
Net Income (Loss)	351		300		2		—			653
Gross Additions to Long-Lived Assets	248		1,148		10		—			1,406
As of June 30, 2014
Total Assets	$	11,731	$	20,613	$	1,890	$	(534	)	$	33,700
Investments in Equity Method Subsidiaries	$	121	$	—	$	3	$	—		$	124
As of December 31, 2013
Total Assets	$	12,002	$	19,720	$	4,025	$	(3,225	)	$	32,522
Investments in Equity Method Subsidiaries	$	123	$	—	$	3	$	—		$	126

(A) Includes amounts applicable to Energy Holdings and PSEG LI, which are below the quantitative threshold for separate disclosure as reportable segments. Other also includes amounts applicable to PSEG (parent corporation) and Services.

(B) Intercompany eliminations, primarily related to intercompany transactions between Power and PSE&G. No gains or losses are recorded on any intercompany transactions; rather, all intercompany transactions are at cost or, in the case of the BGS and BGSS contracts between Power and PSE&G, at rates prescribed by the BPU. For a further discussion of the intercompany transactions between Power and PSE&G, see Note 17. Related-Party Transactions.

PSE And G [Member]

Financial Information By Business Segments

Financial Information by Business Segments

	Power		PSE&G		Other (A)		Eliminations (B)			Consolidated
	Millions
Three Months Ended June 30, 2014
Total Operating Revenues	$	986	$	1,435	$	131	$	(303	)	$	2,249
Net Income (Loss)	54		151		7		—			212
Gross Additions to Long-Lived Assets	100		515		5		—			620
Six Months Ended June 30, 2014
Total Operating Revenues	$	2,686	$	3,580	$	236	$	(1,030	)	$	5,472
Net Income (Loss)	218		365		15		—			598
Gross Additions to Long-Lived Assets	226		996		7		—			1,229
Three Months Ended June 30, 2013
Total Operating Revenues	$	1,193	$	1,423	$	14	$	(320	)	$	2,310
Net Income (Loss)	210		121		2		—			333
Gross Additions to Long-Lived Assets	97		576		9		—			682
Six Months Ended June 30, 2013
Total Operating Revenues	$	2,644	$	3,418	$	26	$	(992	)	$	5,096
Net Income (Loss)	351		300		2		—			653
Gross Additions to Long-Lived Assets	248		1,148		10		—			1,406
As of June 30, 2014
Total Assets	$	11,731	$	20,613	$	1,890	$	(534	)	$	33,700
Investments in Equity Method Subsidiaries	$	121	$	—	$	3	$	—		$	124
As of December 31, 2013
Total Assets	$	12,002	$	19,720	$	4,025	$	(3,225	)	$	32,522
Investments in Equity Method Subsidiaries	$	123	$	—	$	3	$	—		$	126

(A) Includes amounts applicable to Energy Holdings and PSEG LI, which are below the quantitative threshold for separate disclosure as reportable segments. Other also includes amounts applicable to PSEG (parent corporation) and Services.

(B) Intercompany eliminations, primarily related to intercompany transactions between Power and PSE&G. No gains or losses are recorded on any intercompany transactions; rather, all intercompany transactions are at cost or, in the case of the BGS and BGSS contracts between Power and PSE&G, at rates prescribed by the BPU. For a further discussion of the intercompany transactions between Power and PSE&G, see Note 17. Related-Party Transactions.