Related-Party Transactions (Tables)

12 Months Ended

Dec. 31, 2016

The financial statements for PSE&G include transactions with related parties presented as follows:




	Years Ended December 31,
Related Party Transactions	2016		2015		2014
	Millions
Billings from Affiliates:
Net Billings from Power primarily through BGS and BGSS (A)	$	1,587	$	1,630	$	1,771
Administrative Billings from Services (B)	312		274		248
Total Billings from Affiliates	$	1,899	$	1,904	$	2,019




	Years Ended December 31,
Related Party Transactions	2016		2015
	Millions
Receivables from PSEG (C)	$	76	$	222
Payable to Power (A)	$	193	$	212
Payable to Services (B)	67		80
Accounts Payable—Affiliated Companies	$	260	$	292
Working Capital Advances to Services (D)	$	33	$	33
Long-Term Accrued Taxes Payable	$	130	$	109

Power [Member]

The financial statements for Power include transactions with related parties presented as follows:




	Years Ended December 31,
Related Party Transactions	2016		2015		2014
	Millions
Billings to Affiliates:
Net Billings to PSE&G primarily through BGS and BGSS (A)	$	1,587	$	1,630	$	1,771
Billings from Affiliates:
Administrative Billings from Services (B)	$	179	$	187	$	165




	Years Ended December 31,
Related Party Transactions	2016		2015
	Millions
Receivable from PSE&G (A)	$	193	$	212
Receivable from PSEG (C)	12		64
Accounts Receivable—Affiliated Companies	$	205	$	276
Payable to Services (B)	$	25	$	33
Accounts Payable—Affiliated Companies	$	25	$	33
Short-Term Loan due (to) from Affiliate (E)	$	87	$	363
Working Capital Advances to Services (D)	$	17	$	17
Long-Term Accrued Taxes Payable	$	77	$	35

(A)

PSE&G has entered into a requirements contract with Power under which Power provides the gas supply services needed to meet PSE&G’s BGSS and other contractual requirements. Power has also entered into contracts to supply energy, capacity and ancillary services to PSE&G through the BGS auction process. In addition, Power and PSE&G provide certain technical services for each other generally at cost in compliance with FERC and BPU affiliate rules.


(B)	Services provides and bills administrative services to PSE&G and Power at cost. In addition, PSE&G and Power have other payables to Services, including amounts related to certain common costs, such as pension and OPEB costs, which Services pays on behalf of each of the operating companies.

(C)

PSEG files a consolidated federal income tax return with its affiliated companies. A tax allocation agreement exists between PSEG and each of its affiliated companies. The general operation of these agreements is that the subsidiary company will compute its taxable income on a stand-alone basis. If the result is a net tax liability, such amount shall be paid to PSEG. If there are net operating losses and/or tax credits, the subsidiary shall receive payment for the tax savings from PSEG to the extent that PSEG is able to utilize those benefits.


(D)	PSE&G and Power have advanced working capital to Services. The amounts are included in Other Noncurrent Assets on PSE&G’s and Power’s Consolidated Balance Sheets.


(E)	Power’s short-term loans with PSEG are for working capital and other short-term needs. Interest Income and Interest Expense relating to these short-term funding activities were immaterial.