Long-Term Investments (Tables)

12 Months Ended

Dec. 31, 2019

Long-term Investments [Abstract]

Schedule of Long Term Investments

Long-Term Investments as of December 31, 2019 and 2018 included the following:

	As of December 31,
	2019		2018
	Millions
PSE&G
Life Insurance and Supplemental Benefits	$	111	$	121
Solar Loans	137		149
PSEG Power
Equity Method Investments (A)	66		86
Energy Holdings
Lease Investments	497		540
Equity Method Investments	1		—
Total Long-Term Investments	$	812	$	896

(A)

During the three years ended December 31, 2019, 2018 and 2017, dividends from these investments were $15 million, $16 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, 2019 and 2018.

	As of December 31,
	2019			2018
	Millions
Lease Receivables (net of Non-Recourse Debt)	$	498		$	504
Estimated Residual Value of Leased Assets	202			326
Total Investment in Rental Receivables	700			830
Unearned and Deferred Income	(203		)	(290		)
Gross Investments in Leases	497			540
Deferred Tax Liabilities	(328		)	(354		)
Net Investments in Leases	$	169		$	186

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,
	2019			2018		2017
	Millions
Pre-Tax Income (Loss) from Leases	$	(39	)	$	17	$	(69	)
Income Tax Expense (Benefit) on Income from Leases	$	(22	)	$	6	$	(26	)

Equity Method Investments

Equity Method Investments

PSEG Power had the following equity method investments as of December 31, 2019 and 2018:

	As of December 31,
Name	2019		2018		Location	% Owned
	Millions
PSEG Power
Keystone Fuels, LLC (A)	$	—	$	9	PA	23%
Conemaugh Fuels, LLC (A)	—		8		PA	23%
Kalaeloa	66		69		HI	50%
Total	$	66	$	86