Income Taxes

PSEG’s, PSE&G’s and Power's effective tax rates for the three months ended March 31, 2015 and 2014 were as follows:




	Three Months Ended
	March 31,
	2015	2014
PSEG	40.5%	40.2%
PSE&G	39.4%	40.1%
Power	41.1%	40.4%

There were no material changes in the effective tax rates of PSEG, PSE&G and Power for the three months ended March 31, 2015, as compared to the same period in the prior year.

The American Taxpayer Relief Act of 2012 included a provision making long production property placed into service in 2014 eligible for 50% depreciation for tax purposes. The Tax Increase Prevention Act of 2014 further extended the 50% bonus depreciation rules for qualified property that was placed into service before January 1, 2015 and for long production property that is to be placed into service in 2015. These provisions generate cash for PSEG, PSE&G and Power through tax benefits related to the accelerated depreciation. These tax benefits otherwise would be received over an estimated average 20 year period.

Income Taxes

PSEG’s, PSE&G’s and Power's effective tax rates for the three months ended March 31, 2015 and 2014 were as follows:




	Three Months Ended
	March 31,
	2015	2014
PSEG	40.5%	40.2%
PSE&G	39.4%	40.1%
Power	41.1%	40.4%

There were no material changes in the effective tax rates of PSEG, PSE&G and Power for the three months ended March 31, 2015, as compared to the same period in the prior year.

The American Taxpayer Relief Act of 2012 included a provision making long production property placed into service in 2014 eligible for 50% depreciation for tax purposes. The Tax Increase Prevention Act of 2014 further extended the 50% bonus depreciation rules for qualified property that was placed into service before January 1, 2015 and for long production property that is to be placed into service in 2015. These provisions generate cash for PSEG, PSE&G and Power through tax benefits related to the accelerated depreciation. These tax benefits otherwise would be received over an estimated average 20 year period.

Income Taxes

PSEG’s, PSE&G’s and Power's effective tax rates for the three months ended March 31, 2015 and 2014 were as follows:




	Three Months Ended
	March 31,
	2015	2014
PSEG	40.5%	40.2%
PSE&G	39.4%	40.1%
Power	41.1%	40.4%

There were no material changes in the effective tax rates of PSEG, PSE&G and Power for the three months ended March 31, 2015, as compared to the same period in the prior year.

The American Taxpayer Relief Act of 2012 included a provision making long production property placed into service in 2014 eligible for 50% depreciation for tax purposes. The Tax Increase Prevention Act of 2014 further extended the 50% bonus depreciation rules for qualified property that was placed into service before January 1, 2015 and for long production property that is to be placed into service in 2015. These provisions generate cash for PSEG, PSE&G and Power through tax benefits related to the accelerated depreciation. These tax benefits otherwise would be received over an estimated average 20 year period.