Long-Term Investments (Tables)

12 Months Ended

Dec. 31, 2018

Long-Term Investments as of December 31, 2018 and 2017 included the following:




	As of December 31,
	2018		2017
	Millions
PSE&G
Life Insurance and Supplemental Benefits	$	121	$	130
Solar Loans	149		150
Power
Partnerships and Corporate Joint Ventures (Equity Method Investments) (A)	86		87
Energy Holdings
Lease Investments	540		565
Total Long-Term Investments	$	896	$	932


(A)	During the three years ended December 31, 2018, 2017 and 2016, dividends from these investments were $16 million, $18 million and $18 million, respectively.

Schedule Of Net Investment In Leveraged Leases

The following table shows Energy Holdings’ gross and net lease investment as of December 31, 2018 and 2017.




	As of December 31,
	2018			2017
	Millions
Lease Receivables (net of Non-Recourse Debt)	$	504		$	546
Estimated Residual Value of Leased Assets	326			326
Total Investment in Rental Receivables	830			872
Unearned and Deferred Income	(290		)	(307		)
Gross Investments in Leases	540			565
Deferred Tax Liabilities	(354		)	(480		)
Net Investments in Leases	$	186		$	85

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

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




	Years Ended December 31,
	2018		2017			2016
	Millions
Pre-Tax Income (Loss) from Leases	$	17	$	(69	)	$	(135	)
Income Tax Expense (Benefit) on Income from Leases	$	6	$	(26	)	$	(51	)

Equity Method Investments

Power had the following equity method investments as of December 31, 2018 and 2017:




	As of December 31,
Name	2018		2017		Location	% Owned
	Millions
Power
Keystone Fuels, LLC	$	9	$	8	PA	23%
Conemaugh Fuels, LLC	8		8		PA	23%
Kalaeloa	69		71		HI	50%
Total	$	86	$	87