XML 108 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
CURRENT ASSETS    
Cash and Cash Equivalents $ 703 $ 493
Accounts Receivable, net of allowances 1,267 1,203
Tax Receivable 14 109
Unbilled Revenues 228 300
Fuel 530 545
Materials and Supplies, net 495 479
Prepayments 175 89
Derivative Contracts 71 [1] 98
Deferred Income Taxes 128 24
Regulatory Assets 211 243
Other 24 31
Total Current Assets 3,846 3,614
PROPERTY, PLANT AND EQUIPMENT 31,328 29,713
Less: Accumulated Depreciation and Amortization (8,492) (8,068)
Net Property, Plant and Equipment 22,836 21,645
NONCURRENT ASSETS    
Regulatory Assets 2,569 2,612
Regulatory Assets of Variable Interest Entities (VIEs) 270 476
Long-Term Investments 1,309 1,313
Nuclear Decommissioning Trust (NDT) Fund 1,739 1,701
Long-Term Receivable of VIE 401 0
Other Special Funds 675 613
Goodwill 16 16
Other Intangibles 102 33
Derivative Contracts 29 [1] 163
Restricted Cash of VIEs 24 24
Other 331 312
Total Noncurrent Assets 7,465 7,263
Total Assets 34,147 32,522
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 316 544
Securitization Debt of VIEs Due Within One Year 258 237
Commercial Paper and Loans 0 60
Accounts Payable 1,111 1,222
Derivative Contracts 109 [1] 76
Accrued Interest 117 95
Accrued Taxes 168 37
Clean Energy Program 185 142
Obligation to Return Cash Collateral 120 119
Regulatory Liabilities 271 43
Other 481 488
Total Current Liabilities 3,136 3,063
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 7,298 7,107
Regulatory Liabilities 141 233
Regulatory Liabilities of VIEs 12 11
Asset Retirement Obligations 704 677
Other Postretirement Benefit (OPEB) Costs 1,073 1,095
OPEB Costs of Servco 321 0
Accrued Pension Costs 121 121
Accrued Pension Costs of Servco 78 0
Environmental Costs 438 414
Derivative Contracts 37 [1] 31
Long-Term Accrued Taxes 183 180
Other 132 119
Total Noncurrent Liabilities 10,538 9,988
COMMITMENTS AND CONTINGENT LIABILITIES      
LONG-TERM DEBT    
Long-Term Debt 8,321 7,587
Securitization Debt of VIEs 68 259
Project Level, Non-Recourse Debt 0 16
Total Long-Term Debt 8,389 7,862
STOCKHOLDER'S EQUITY    
Common Stock 4,873 4,861
Treasury Stock, at cost (629) (615)
Retained Earnings 7,938 7,457
Accumulated Other Comprehensive Income (Loss) (99) (95)
Total Common Stockholders' Equity 12,083 11,608
Noncontrolling Interest 1 1
Total Stockholder's Equity 12,084 11,609
Total Capitalization 20,473 19,471
TOTAL LIABILITIES AND CAPITALIZATION 34,147 32,522
Power [Member]
   
CURRENT ASSETS    
Cash and Cash Equivalents 12 6
Accounts Receivable, net of allowances 385 338
Accounts Receivable-Affiliated Companies, net 52 333
Short-Term Loan to Affiliate 623 790
Fuel 530 545
Materials and Supplies, net 360 362
Prepayments 20 13
Derivative Contracts 50 [1] 57 [1]
Deferred Income Taxes 97 30
Other 1 2
Total Current Assets 2,130 2,476
PROPERTY, PLANT AND EQUIPMENT 10,613 10,278
Less: Accumulated Depreciation and Amortization (3,229) (2,911)
Net Property, Plant and Equipment 7,384 7,367
NONCURRENT ASSETS    
Long-Term Investments 122 123
Nuclear Decommissioning Trust (NDT) Fund 1,739 1,701
Other Special Funds 159 139
Goodwill 16 16
Other Intangibles 102 33
Derivative Contracts 11 [1] 72 [1]
Other 87 75
Total Noncurrent Assets 2,236 2,159
Total Assets 11,750 12,002
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 0 44
Accounts Payable 435 516
Derivative Contracts 109 [1] 76 [1]
Accrued Interest 43 28
Other 160 136
Total Current Liabilities 747 800
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 2,092 2,031
Asset Retirement Obligations 415 400
Other Postretirement Benefit (OPEB) Costs 215 206
Accrued Pension Costs 35 35
Derivative Contracts 37 [1] 31 [1]
Long-Term Accrued Taxes 57 53
Other 94 91
Total Noncurrent Liabilities 2,945 2,847
COMMITMENTS AND CONTINGENT LIABILITIES      
LONG-TERM DEBT    
Total Long-Term Debt 2,543 2,497
STOCKHOLDER'S EQUITY    
Contributed Capital 2,214 2,214
Basis Adjustment (986) (986)
Retained Earnings 4,358 4,693
Accumulated Other Comprehensive Income (Loss) (71) (63)
Total Stockholder's Equity 5,515 5,858
TOTAL LIABILITIES AND CAPITALIZATION 11,750 12,002
PSE And G [Member]
   
CURRENT ASSETS    
Cash and Cash Equivalents 305 18
Accounts Receivable, net of allowances 836 832
Unbilled Revenues 228 300
Materials and Supplies, net 130 115
Prepayments 116 24
Derivative Contracts 5 25
Deferred Income Taxes 20 16
Regulatory Assets 211 243
Other 20 12
Total Current Assets 1,871 1,585
PROPERTY, PLANT AND EQUIPMENT 20,347 19,071
Less: Accumulated Depreciation and Amortization (5,057) (4,964)
Net Property, Plant and Equipment 15,290 14,107
NONCURRENT ASSETS    
Regulatory Assets 2,569 2,612
Regulatory Assets of Variable Interest Entities (VIEs) 270 476
Long-Term Investments 349 361
Other Special Funds 385 354
Derivative Contracts 8 69
Restricted Cash of VIEs 24 24
Other 151 132
Total Noncurrent Assets 3,756 4,028
Total Assets 20,917 19,720
CURRENT LIABILITIES    
Long-Term Debt Due Within One Year 300 500
Securitization Debt of VIEs Due Within One Year 258 237
Commercial Paper and Loans 0 60
Accounts Payable 520 535
Accounts Payable-Affiliated Companies, net 99 190
Accrued Interest 73 67
Deferred Income Taxes 0 30
Clean Energy Program 185 142
Obligation to Return Cash Collateral 120 119
Regulatory Liabilities 271 43
Other 296 314
Total Current Liabilities 2,122 2,237
NONCURRENT LIABILITIES    
Deferred Income Taxes and Investment Tax Credits (ITC) 4,538 4,406
Regulatory Liabilities 141 233
Regulatory Liabilities of VIEs 12 11
Asset Retirement Obligations 286 274
Other Postretirement Benefit (OPEB) Costs 807 839
Accrued Pension Costs 26 27
Environmental Costs 386 363
Long-Term Accrued Taxes 78 72
Other 63 47
Total Noncurrent Liabilities 6,337 6,272
COMMITMENTS AND CONTINGENT LIABILITIES      
LONG-TERM DEBT    
Long-Term Debt 5,763 5,066
Securitization Debt of VIEs 68 259
Total Long-Term Debt 5,831 5,325
STOCKHOLDER'S EQUITY    
Common Stock 892 892
Contributed Capital 695 520
Basis Adjustment 986 986
Retained Earnings 4,052 3,487
Accumulated Other Comprehensive Income (Loss) 2 1
Total Stockholder's Equity 6,627 5,886
Total Capitalization 12,458 11,211
TOTAL LIABILITIES AND CAPITALIZATION $ 20,917 $ 19,720
[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 September 30, 2014 and December 31, 2013. PSE&G does not have any derivative contracts subject to master netting or similar agreements.