Guarantees of Debt

3 Months Ended

Mar. 31, 2016

Debt Instrument [Line Items]

Guarantees of Debt

Guarantees of Debt

Each series of Power’s Senior Notes, Pollution Control Notes and its syndicated revolving credit facilities are fully and unconditionally and jointly and severally guaranteed by its subsidiaries, PSEG Fossil LLC, PSEG Nuclear LLC and PSEG Energy Resources & Trade LLC. The following tables present condensed financial information for the guarantor subsidiaries, as well as Power’s non-guarantor subsidiaries as of March 31, 2016 and December 31, 2015 and for the three months ended March 31, 2016 and 2015.

	Power			Guarantor Subsidiaries			Other Subsidiaries			Consolidating Adjustments			Total
	Millions
Three Months Ended March 31, 2016
Operating Revenues	$	—		$	1,302		$	42		$	(31	)	$	1,313
Operating Expenses	10			952			39			(31		)	970
Operating Income (Loss)	(10		)	350			3			—			343
Equity Earnings (Losses) of Subsidiaries	205			(1		)	2			(204		)	2
Other Income	17			32			—			(23		)	26
Other Deductions	—			(18		)	—			—			(18		)
Other-Than-Temporary Impairments	—			(10		)	—			—			(10		)
Interest Expense	(30		)	(10		)	(5		)	23			(22		)
Income Tax Benefit (Expense)	10			(140		)	1			—			(129		)
Net Income (Loss)	$	192		$	203		$	1		$	(204	)	$	192
Comprehensive Income (Loss)	$	215		$	219		$	1		$	(220	)	$	215
Three Months Ended March 31, 2016
Net Cash Provided By (Used In)    Operating Activities	$	271		$	480		$	47		$	(135	)	$	663
Net Cash Provided By (Used In)    Investing Activities	$	(598	)	$	(428	)	$	(246	)	$	613		$	(659	)
Net Cash Provided By (Used In)    Financing Activities	$	326		$	(51	)	$	203		$	(478	)	$	—

	Power			Guarantor Subsidiaries			Other Subsidiaries			Consolidating Adjustments			Total
	Millions
Three Months Ended March 31, 2015
Operating Revenues	$	—		$	1,715		$	68		$	(58	)	$	1,725
Operating Expenses	5			1,131			63			(58		)	1,141
Operating Income (Loss)	(5		)	584			5			—			584
Equity Earnings (Losses) of Subsidiaries	349			(1		)	3			(348		)	3
Other Income	11			30			—			(12		)	29
Other Deductions	—			(11		)	—			—			(11		)
Other-Than-Temporary Impairments	—			(5		)	—			—			(5		)
Interest Expense	(29		)	(9		)	(5		)	12			(31		)
Income Tax Benefit (Expense)	9			(242		)	(1		)	—			(234		)
Net Income (Loss)	$	335		$	346		$	2		$	(348	)	$	335
Comprehensive Income (Loss)	$	347		$	351		$	2		$	(353	)	$	347
Three Months Ended March 31, 2015
Net Cash Provided By (Used In)    Operating Activities	$	327		$	772		$	11		$	(260	)	$	850
Net Cash Provided By (Used In)    Investing Activities	$	(537	)	$	(515	)	$	(13	)	$	430		$	(635	)
Net Cash Provided By (Used In)    Financing Activities	$	210		$	(242	)	$	2		$	(170	)	$	(200	)

	Power		Guarantor Subsidiaries		Other Subsidiaries		Consolidating Adjustments			Total
	Millions
As of March 31, 2016
Current Assets	$	4,819	$	1,934	$	283	$	(5,005	)	$	2,031
Property, Plant and Equipment, net	88		6,465		1,773		—			8,326
Investment in Subsidiaries	4,615		345		—		(4,960		)	—
Noncurrent Assets	138		2,046		133		(57		)	2,260
Total Assets	$	9,660	$	10,790	$	2,189	$	(10,022	)	$	12,617
Current Liabilities	$	1,316	$	3,809	$	1,192	$	(5,005	)	$	1,312
Noncurrent Liabilities	441		2,637		382		(57		)	3,403
Long-Term Debt	1,685		—		—		—			1,685
Member's Equity	6,218		4,344		615		(4,960		)	6,217
Total Liabilities and Member's Equity	$	9,660	$	10,790	$	2,189	$	(10,022	)	$	12,617
As of December 31, 2015
Current Assets	$	4,501	$	1,912	$	364	$	(4,828	)	$	1,949
Property, Plant and Equipment, net	83		6,502		1,542		—			8,127
Investment in Subsidiaries	4,501		346		—		(4,847		)	—
Noncurrent Assets	155		1,959		136		(76		)	2,174
Total Assets	$	9,240	$	10,719	$	2,042	$	(9,751	)	$	12,250
Current Liabilities	$	1,112	$	3,866	$	1,076	$	(4,828	)	$	1,226
Noncurrent Liabilities	442		2,597		375		(76		)	3,338
Long-Term Debt	1,684		—		—		—			1,684
Member's Equity	6,002		4,256		591		(4,847		)	6,002
Total Liabilities and Member's Equity	$	9,240	$	10,719	$	2,042	$	(9,751	)	$	12,250

Power [Member]

Debt Instrument [Line Items]

Guarantees of Debt

Guarantees of Debt

Each series of Power’s Senior Notes, Pollution Control Notes and its syndicated revolving credit facilities are fully and unconditionally and jointly and severally guaranteed by its subsidiaries, PSEG Fossil LLC, PSEG Nuclear LLC and PSEG Energy Resources & Trade LLC. The following tables present condensed financial information for the guarantor subsidiaries, as well as Power’s non-guarantor subsidiaries as of March 31, 2016 and December 31, 2015 and for the three months ended March 31, 2016 and 2015.

	Power			Guarantor Subsidiaries			Other Subsidiaries			Consolidating Adjustments			Total
	Millions
Three Months Ended March 31, 2016
Operating Revenues	$	—		$	1,302		$	42		$	(31	)	$	1,313
Operating Expenses	10			952			39			(31		)	970
Operating Income (Loss)	(10		)	350			3			—			343
Equity Earnings (Losses) of Subsidiaries	205			(1		)	2			(204		)	2
Other Income	17			32			—			(23		)	26
Other Deductions	—			(18		)	—			—			(18		)
Other-Than-Temporary Impairments	—			(10		)	—			—			(10		)
Interest Expense	(30		)	(10		)	(5		)	23			(22		)
Income Tax Benefit (Expense)	10			(140		)	1			—			(129		)
Net Income (Loss)	$	192		$	203		$	1		$	(204	)	$	192
Comprehensive Income (Loss)	$	215		$	219		$	1		$	(220	)	$	215
Three Months Ended March 31, 2016
Net Cash Provided By (Used In)    Operating Activities	$	271		$	480		$	47		$	(135	)	$	663
Net Cash Provided By (Used In)    Investing Activities	$	(598	)	$	(428	)	$	(246	)	$	613		$	(659	)
Net Cash Provided By (Used In)    Financing Activities	$	326		$	(51	)	$	203		$	(478	)	$	—

	Power			Guarantor Subsidiaries			Other Subsidiaries			Consolidating Adjustments			Total
	Millions
Three Months Ended March 31, 2015
Operating Revenues	$	—		$	1,715		$	68		$	(58	)	$	1,725
Operating Expenses	5			1,131			63			(58		)	1,141
Operating Income (Loss)	(5		)	584			5			—			584
Equity Earnings (Losses) of Subsidiaries	349			(1		)	3			(348		)	3
Other Income	11			30			—			(12		)	29
Other Deductions	—			(11		)	—			—			(11		)
Other-Than-Temporary Impairments	—			(5		)	—			—			(5		)
Interest Expense	(29		)	(9		)	(5		)	12			(31		)
Income Tax Benefit (Expense)	9			(242		)	(1		)	—			(234		)
Net Income (Loss)	$	335		$	346		$	2		$	(348	)	$	335
Comprehensive Income (Loss)	$	347		$	351		$	2		$	(353	)	$	347
Three Months Ended March 31, 2015
Net Cash Provided By (Used In)    Operating Activities	$	327		$	772		$	11		$	(260	)	$	850
Net Cash Provided By (Used In)    Investing Activities	$	(537	)	$	(515	)	$	(13	)	$	430		$	(635	)
Net Cash Provided By (Used In)    Financing Activities	$	210		$	(242	)	$	2		$	(170	)	$	(200	)

	Power		Guarantor Subsidiaries		Other Subsidiaries		Consolidating Adjustments			Total
	Millions
As of March 31, 2016
Current Assets	$	4,819	$	1,934	$	283	$	(5,005	)	$	2,031
Property, Plant and Equipment, net	88		6,465		1,773		—			8,326
Investment in Subsidiaries	4,615		345		—		(4,960		)	—
Noncurrent Assets	138		2,046		133		(57		)	2,260
Total Assets	$	9,660	$	10,790	$	2,189	$	(10,022	)	$	12,617
Current Liabilities	$	1,316	$	3,809	$	1,192	$	(5,005	)	$	1,312
Noncurrent Liabilities	441		2,637		382		(57		)	3,403
Long-Term Debt	1,685		—		—		—			1,685
Member's Equity	6,218		4,344		615		(4,960		)	6,217
Total Liabilities and Member's Equity	$	9,660	$	10,790	$	2,189	$	(10,022	)	$	12,617
As of December 31, 2015
Current Assets	$	4,501	$	1,912	$	364	$	(4,828	)	$	1,949
Property, Plant and Equipment, net	83		6,502		1,542		—			8,127
Investment in Subsidiaries	4,501		346		—		(4,847		)	—
Noncurrent Assets	155		1,959		136		(76		)	2,174
Total Assets	$	9,240	$	10,719	$	2,042	$	(9,751	)	$	12,250
Current Liabilities	$	1,112	$	3,866	$	1,076	$	(4,828	)	$	1,226
Noncurrent Liabilities	442		2,597		375		(76		)	3,338
Long-Term Debt	1,684		—		—		—			1,684
Member's Equity	6,002		4,256		591		(4,847		)	6,002
Total Liabilities and Member's Equity	$	9,240	$	10,719	$	2,042	$	(9,751	)	$	12,250