Long-Term Investments (Tables)

12 Months Ended

Dec. 31, 2016

Long-term Investments [Abstract]

Schedule of Long Term Investments

Long-Term Investments as of December 31, 2016 and 2015 included the following:

	As of December 31,
	2016		2015
	Millions
PSE&G
Life Insurance and Supplemental Benefits	$	140	$	150
Solar Loans	159		175
Other Investments	—		5
Power
Partnerships and Corporate Joint Ventures (Equity Method Investments) (A)	102		119
Energy Holdings
Lease Investments	649		784
Total Long-Term Investments	$	1,050	$	1,233

(A) During the three years ended December 31, 2016, 2015 and 2014, dividends from these investments were $18 million, $16 million and $17 million, respectively.

Schedule Of Net Investment In Leveraged Leases

The following table shows Energy Holdings’ gross and net lease investment as of December 31, 2016 and 2015, respectively.

	As of December 31,
	2016			2015
	Millions
Lease Receivables (net of Non-Recourse Debt)	$	629		$	631
Estimated Residual Value of Leased Assets	346			519
Total Investment in Rental Receivables	975			1,150
Unearned and Deferred Income	(326		)	(366		)
Gross Investments in Leases	649			784
Deferred Tax Liabilities	(674		)	(724		)
Net Investments in Leases	$	(25	)	$	60

Schedule Of Pre-Tax Income And Income Tax Effects Related To Investments In Leveraged Leases

The pre-tax income (loss) and income tax effects, excluding gains and losses on sales, related to investments in leases were as follows:

	Years Ended December 31,
	2016			2015		2014
	Millions
Pre-Tax Income (Loss) from Leases	$	(135	)	$	12	$	24
Income Tax Expense (Benefit) on Income from Leases	$	(51	)	$	5	$	32

Equity Method Investments

Equity Method Investments

Power had the following equity method investments as of December 31, 2016 and 2015:

	As of December 31,
Name	2016		2015		Location	% Owned
	Millions
Power
Keystone Fuels, LLC	$	7	$	16	PA	23%
Conemaugh Fuels, LLC	$	8	$	14	PA	23%
PennEast Pipeline	$	11	$	5	PA	10%
Kalaeloa	$	76	$	84	HI	50%