Long-Term Investments (Tables)

12 Months Ended

Dec. 31, 2020

Long-Term Investments as of December 31, 2020 and 2019 included the following:



	As of December 31,
	2020		2019
	Millions
PSE&G
Life Insurance and Supplemental Benefits	$	100	$	111
Solar Loans	122		137
PSEG Power
Equity Method Investments (A)	64		66
Energy Holdings
Lease Investments	250		497
Equity Method Investments	—		1
Total Long-Term Investments	$	536	$	812

(A)During the three years ended December 31, 2020, 2019 and 2018, dividends from these investments were $15 million, $15 million and $16 million, respectively.

Schedule Of Net Investment In Leveraged Leases

The following table shows Energy Holdings’ gross and net lease investment as of December 31, 2020 and 2019.



	As of December 31,
	2020		2019
	Millions
Lease Receivables (net of Non-Recourse Debt)	$	299	$	498
Estimated Residual Value of Leased Assets	55		202
Total Investment in Rental Receivables	354		700
Unearned and Deferred Income	(104)		(203)
Gross Investments in Leases	250		497
Deferred Tax Liabilities	(64)		(328)
Net Investments in Leases	$	186	$	169

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,
	2020		2019		2018
	Millions
Pre-Tax Income (Loss) from Leases	$	18	$	(39)	$	17
Income Tax Expense (Benefit) on Income (Loss) from Leases	$	2	$	(22)	$	6