Property Plant And Equipment And Jointly-Owned Facilities

Property, Plant and Equipment and Jointly-Owned Facilities

Information related to Property, Plant and Equipment as of December 31, 2017 and 2016 is detailed below:




	PSE&G		Power		Other		PSEG Consolidated
	Millions
2017
Transmission and Distribution:
Electric Transmission	$	10,425	$	—	$	—	$	10,425
Electric Distribution	8,455		—		—		8,455
Gas Distribution and Transmission	7,122		—		—		7,122
Construction Work in Progress	1,735		—		—		1,735
Other	512		—		—		512
Total Transmission and Distribution	28,249		—		—		28,249
Generation:
Fossil Production	—		4,923		—		4,923
Nuclear Production	—		2,893		—		2,893
Nuclear Fuel in Service	—		745		—		745
Other Production-Solar	593		757		—		1,350
Construction Work in Progress	—		2,339		—		2,339
Total Generation	593		11,657		—		12,250
Other	275		98		359		732
Total	$	29,117	$	11,755	$	359	$	41,231




	PSE&G		Power		Other		PSEG Consolidated
	Millions
2016
Transmission and Distribution:
Electric Transmission	$	9,149	$	—	$	—	$	9,149
Electric Distribution	7,976		—		—		7,976
Gas Distribution and Transmission	6,458		—		—		6,458
Construction Work in Progress	1,501		—		—		1,501
Other	439		—		—		439
Total Transmission and Distribution	25,523		—		—		25,523
Generation:
Fossil Production	—		7,096		—		7,096
Nuclear Production	—		2,516		—		2,516
Nuclear Fuel in Service	—		783		—		783
Other Production-Solar	591		687		—		1,278
Construction Work in Progress	—		1,483		—		1,483
Total Generation	591		12,565		—		13,156
Other	233		90		335		658
Total	$	26,347	$	12,655	$	335	$	39,337

PSE&G and Power have ownership interests in and are responsible for providing their respective shares of the necessary financing for the following jointly-owned facilities to which they are a party. All amounts reflect PSE&G’s or Power’s share of the jointly-owned projects and the corresponding direct expenses are included in the Consolidated Statements of Operations as operating expenses.




			As of December 31,
			2017				2016
	Ownership				Accumulated				Accumulated
	Interest		Plant		Depreciation		Plant		Depreciation
			Millions
PSE&G:
Transmission Facilities	Various		$	162	$	58	$	169	$	65
Power:
Coal Generating:
Conemaugh	23	%	$	408	$	178	$	408	$	166
Keystone	23	%	$	409	$	187	$	409	$	176
Nuclear Generating:
Peach Bottom	50	%	$	1,328	$	348	$	1,272	$	306
Salem	57	%	$	1,147	$	277	$	1,077	$	304
Nuclear Support Facilities	Various		$	239	$	81	$	238	$	71
Pumped Storage Facilities:
Yards Creek	50	%	$	44	$	26	$	42	$	25
Merrill Creek Reservoir	14	%	$	1	$	—	$	1	$	—

Power holds undivided ownership interests in the jointly-owned facilities above. Power is entitled to shares of the generating capability and output of each unit equal to its respective ownership interests. Power also pays its ownership share of additional construction costs, fuel inventory purchases and operating expenses. Power’s share of expenses for the jointly-owned facilities is included in the appropriate expense category. Each owner is responsible for any financing with respect to its pro rata share of capital expenditures.

Power co-owns Salem and Peach Bottom with Exelon Generation. Power is the operator of Salem and Exelon Generation is the operator of Peach Bottom. A committee appointed by the co-owners provides oversight. Proposed O&M budgets and requests for major capital expenditures are reviewed and approved as part of the normal Power governance process.

GenOn Northeast Management Company is a co-owner and the operator for Keystone Generating Station and Conemaugh Generating Station. A committee appointed by the co-owners provides oversight. Proposed O&M budgets and requests for major capital expenditures are reviewed and approved as part of the normal Power governance process.

Power is a co-owner in the Yards Creek Pumped Storage Generation Facility. Jersey Central Power & Light Company (JCP&L) is also a co-owner and the operator of this facility. JCP&L submits separate capital and O&M budgets, subject to Power’s approval as part of the normal Power governance process.

Power is a minority owner in the Merrill Creek Reservoir and Environmental Preserve in Warren County, New Jersey. Merrill Creek Owners Group is the owner-operator of this facility. The operator submits separate capital and O&M budgets, subject to Power’s approval as part of the normal Power governance process.

Property, Plant and Equipment [Line Items]

Property Plant And Equipment And Jointly-Owned Facilities

Property, Plant and Equipment and Jointly-Owned Facilities

Information related to Property, Plant and Equipment as of December 31, 2017 and 2016 is detailed below:




	PSE&G		Power		Other		PSEG Consolidated
	Millions
2017
Transmission and Distribution:
Electric Transmission	$	10,425	$	—	$	—	$	10,425
Electric Distribution	8,455		—		—		8,455
Gas Distribution and Transmission	7,122		—		—		7,122
Construction Work in Progress	1,735		—		—		1,735
Other	512		—		—		512
Total Transmission and Distribution	28,249		—		—		28,249
Generation:
Fossil Production	—		4,923		—		4,923
Nuclear Production	—		2,893		—		2,893
Nuclear Fuel in Service	—		745		—		745
Other Production-Solar	593		757		—		1,350
Construction Work in Progress	—		2,339		—		2,339
Total Generation	593		11,657		—		12,250
Other	275		98		359		732
Total	$	29,117	$	11,755	$	359	$	41,231




	PSE&G		Power		Other		PSEG Consolidated
	Millions
2016
Transmission and Distribution:
Electric Transmission	$	9,149	$	—	$	—	$	9,149
Electric Distribution	7,976		—		—		7,976
Gas Distribution and Transmission	6,458		—		—		6,458
Construction Work in Progress	1,501		—		—		1,501
Other	439		—		—		439
Total Transmission and Distribution	25,523		—		—		25,523
Generation:
Fossil Production	—		7,096		—		7,096
Nuclear Production	—		2,516		—		2,516
Nuclear Fuel in Service	—		783		—		783
Other Production-Solar	591		687		—		1,278
Construction Work in Progress	—		1,483		—		1,483
Total Generation	591		12,565		—		13,156
Other	233		90		335		658
Total	$	26,347	$	12,655	$	335	$	39,337

PSE&G and Power have ownership interests in and are responsible for providing their respective shares of the necessary financing for the following jointly-owned facilities to which they are a party. All amounts reflect PSE&G’s or Power’s share of the jointly-owned projects and the corresponding direct expenses are included in the Consolidated Statements of Operations as operating expenses.




			As of December 31,
			2017				2016
	Ownership				Accumulated				Accumulated
	Interest		Plant		Depreciation		Plant		Depreciation
			Millions
PSE&G:
Transmission Facilities	Various		$	162	$	58	$	169	$	65
Power:
Coal Generating:
Conemaugh	23	%	$	408	$	178	$	408	$	166
Keystone	23	%	$	409	$	187	$	409	$	176
Nuclear Generating:
Peach Bottom	50	%	$	1,328	$	348	$	1,272	$	306
Salem	57	%	$	1,147	$	277	$	1,077	$	304
Nuclear Support Facilities	Various		$	239	$	81	$	238	$	71
Pumped Storage Facilities:
Yards Creek	50	%	$	44	$	26	$	42	$	25
Merrill Creek Reservoir	14	%	$	1	$	—	$	1	$	—

Power holds undivided ownership interests in the jointly-owned facilities above. Power is entitled to shares of the generating capability and output of each unit equal to its respective ownership interests. Power also pays its ownership share of additional construction costs, fuel inventory purchases and operating expenses. Power’s share of expenses for the jointly-owned facilities is included in the appropriate expense category. Each owner is responsible for any financing with respect to its pro rata share of capital expenditures.

Power co-owns Salem and Peach Bottom with Exelon Generation. Power is the operator of Salem and Exelon Generation is the operator of Peach Bottom. A committee appointed by the co-owners provides oversight. Proposed O&M budgets and requests for major capital expenditures are reviewed and approved as part of the normal Power governance process.

GenOn Northeast Management Company is a co-owner and the operator for Keystone Generating Station and Conemaugh Generating Station. A committee appointed by the co-owners provides oversight. Proposed O&M budgets and requests for major capital expenditures are reviewed and approved as part of the normal Power governance process.

Power is a co-owner in the Yards Creek Pumped Storage Generation Facility. Jersey Central Power & Light Company (JCP&L) is also a co-owner and the operator of this facility. JCP&L submits separate capital and O&M budgets, subject to Power’s approval as part of the normal Power governance process.

Power is a minority owner in the Merrill Creek Reservoir and Environmental Preserve in Warren County, New Jersey. Merrill Creek Owners Group is the owner-operator of this facility. The operator submits separate capital and O&M budgets, subject to Power’s approval as part of the normal Power governance process.