Financial Information By Business Segments

3 Months Ended

Mar. 31, 2015

Financial Information By Business Segments

Financial Information by Business Segments

	PSE&G		Power		Other (A)		Eliminations (B)			Consolidated
	Millions
Three Months Ended March 31, 2015
Total Operating Revenues	$	2,002	$	1,725	$	98	$	(690	)	$	3,135
Net Income (Loss)	242		335		9		—			586
Gross Additions to Long-Lived Assets	599		139		9		—			747
Three Months Ended March 31, 2014
Total Operating Revenues	$	2,145	$	1,700	$	105	$	(727	)	$	3,223
Net Income (Loss)	214		164		8		—			386
Gross Additions to Long-Lived Assets	481		126		2		—			609
As of March 31, 2015
Total Assets	$	22,345	$	12,220	$	3,168	$	(1,906	)	$	35,827
Investments in Equity Method Subsidiaries	$	—	$	119	$	2	$	—		$	121
As of December 31, 2014
Total Assets	$	22,223	$	12,046	$	2,799	$	(1,735	)	$	35,333
Investments in Equity Method Subsidiaries	$	—	$	121	$	2	$	—		$	123

(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 PSE&G and Power. 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 PSE&G and Power, at rates prescribed by the BPU. For a further discussion of the intercompany transactions between PSE&G and Power, see Note 17. Related-Party Transactions.

PSE And G [Member]

Financial Information By Business Segments

Financial Information by Business Segments

	PSE&G		Power		Other (A)		Eliminations (B)			Consolidated
	Millions
Three Months Ended March 31, 2015
Total Operating Revenues	$	2,002	$	1,725	$	98	$	(690	)	$	3,135
Net Income (Loss)	242		335		9		—			586
Gross Additions to Long-Lived Assets	599		139		9		—			747
Three Months Ended March 31, 2014
Total Operating Revenues	$	2,145	$	1,700	$	105	$	(727	)	$	3,223
Net Income (Loss)	214		164		8		—			386
Gross Additions to Long-Lived Assets	481		126		2		—			609
As of March 31, 2015
Total Assets	$	22,345	$	12,220	$	3,168	$	(1,906	)	$	35,827
Investments in Equity Method Subsidiaries	$	—	$	119	$	2	$	—		$	121
As of December 31, 2014
Total Assets	$	22,223	$	12,046	$	2,799	$	(1,735	)	$	35,333
Investments in Equity Method Subsidiaries	$	—	$	121	$	2	$	—		$	123

(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 PSE&G and Power. 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 PSE&G and Power, at rates prescribed by the BPU. For a further discussion of the intercompany transactions between PSE&G and Power, see Note 17. Related-Party Transactions.

Power [Member]

Financial Information By Business Segments

Financial Information by Business Segments

	PSE&G		Power		Other (A)		Eliminations (B)			Consolidated
	Millions
Three Months Ended March 31, 2015
Total Operating Revenues	$	2,002	$	1,725	$	98	$	(690	)	$	3,135
Net Income (Loss)	242		335		9		—			586
Gross Additions to Long-Lived Assets	599		139		9		—			747
Three Months Ended March 31, 2014
Total Operating Revenues	$	2,145	$	1,700	$	105	$	(727	)	$	3,223
Net Income (Loss)	214		164		8		—			386
Gross Additions to Long-Lived Assets	481		126		2		—			609
As of March 31, 2015
Total Assets	$	22,345	$	12,220	$	3,168	$	(1,906	)	$	35,827
Investments in Equity Method Subsidiaries	$	—	$	119	$	2	$	—		$	121
As of December 31, 2014
Total Assets	$	22,223	$	12,046	$	2,799	$	(1,735	)	$	35,333
Investments in Equity Method Subsidiaries	$	—	$	121	$	2	$	—		$	123

(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 PSE&G and Power. 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 PSE&G and Power, at rates prescribed by the BPU. For a further discussion of the intercompany transactions between PSE&G and Power, see Note 17. Related-Party Transactions.