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Available-For-Sale Securities (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2011
Dec. 31, 2010
Fair Values And Gross Unrealized Gains And Losses For The Securities Held In The NDT Funds
     As of June 30, 2011  
    

Cost

    

Gross

Unrealized

Gains

    

Gross

Unrealized

Losses

   

Fair

Value

 
     Millions  
Equity Securities    $ 522       $ 173       $ (6   $ 689   
  

 

 

    

 

 

    

 

 

   

 

 

 

Debt Securities

          

Government Obligations

     332         9         (2     339   

Other Debt Securities

     273         12         (2     283   
  

 

 

    

 

 

    

 

 

   

 

 

 
Total Debt Securities      605         21         (4     622   
Other Securities      130         0         0        130   
  

 

 

    

 

 

    

 

 

   

 

 

 
Total Available-for-Sale Securities    $ 1,257       $ 194       $ (10   $ 1,441   
  

 

 

    

 

 

    

 

 

   

 

 

 
     As of December 31, 2010  
    

Cost

    

Gross

Unrealized

Gains

    

Gross

Unrealized

Losses

   

Fair

Value

 
     Millions  

Equity Securities

   $ 525       $ 213       $ (3   $ 735   
  

 

 

    

 

 

    

 

 

   

 

 

 

Debt Securities

          

Government Obligations

     301         6         (4     303   

Other Debt Securities

     247         10         (2     255   
  

 

 

    

 

 

    

 

 

   

 

 

 

Total Debt Securities

     548         16         (6     558   

Other Securities

     70         0         0        70   
  

 

 

    

 

 

    

 

 

   

 

 

 

Total Available-for-Sale Securities

   $ 1,143       $ 229       $ (9   $ 1,363   
  

 

 

    

 

 

    

 

 

   

 

 

 
Accounts Receivable And Accounts Payable Related To NDT Fund
     

As of

June 30,

2011

    

As of

December 31,

2010

 
     Millions  

Accounts Receivable

   $ 39       $ 35   

Accounts Payable

   $ 89       $ 60   
 
Value Of Securities That Have Been In An Unrealized Loss Position For Less Than And Greater Than 12 Months

 

    As of June 30, 2011     As of December 31, 2010  
    Less Than 12
Months
    Greater Than 12
Months
    Less Than 12
Months
    Greater Than 12
Months
 
   

Fair
Value

   

Gross

Unrealized

Losses

   

Fair

Value

   

Gross

Unrealized

Losses

   

Fair

Value

   

Gross

Unrealized

Losses

   

Fair

Value

   

Gross

Unrealized

Losses

 
    Millions  

Equity Securities (A)

  $ 127      $ (6   $ 0      $ 0      $ 55      $ (3   $ 0      $ 0   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Debt Securities

               

Government Obligations (B)

    103        (2     2        0        106        (4     1        0   

Other Debt Securities (C)

    50        (1     5        (1     65        (1     8        (1
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Debt Securities

    153        (3     7        (1     171        (5     9        (1
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Other Securities     1        0        0        0        0        0        0        0   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Available-for-Sale Securities

  $ 281      $ (9   $ 7      $ (1   $ 226      $ (8   $ 9      $ (1
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

(A) Equity Securities—Investments in marketable equity securities within the NDT funds are primarily investments in common stocks within a broad range of industries and sectors. The unrealized losses are distributed over one hundred companies with limited impairment durations and a severity that is generally less than fifteen percent of cost. Power does not consider these securities to be other-than-temporarily impaired as of June 30, 2011.

 

(B) Debt Securities (Government)—Unrealized losses on Power's NDT investments in United States Treasury obligations and Federal Agency mortgage-backed securities were caused by interest rate changes. Since these investments are guaranteed by the United States government or an agency of the United States government, it is not expected that these securities will settle for less than their amortized cost basis, since Power does not intend to sell nor will it be more-likely-than-not required to sell. Power does not consider these securities to be other-than-temporarily impaired as of June 30, 2011.

 

(C) Debt Securities (Corporate)—Power's investments in corporate bonds are primarily with investment grade securities. It is not expected that these securities would settle for less than their amortized cost. Since Power does not intend to sell these securities nor will it be more-likely-than-not required to sell, Power does not consider these debt securities to be other-than-temporarily impaired as of June 30, 2011.
 
Proceeds From The Sales Of And The Net Realized Gains On Securities In The NDT Funds
    

Three Months Ended

June 30,

    Six Months Ended
June 30,
 
    

2011

   

2010

   

2011

   

2010

 
     Millions     Millions  

Proceeds from Sales

   $ 342      $ 245      $ 657      $ 426   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Realized Gains (Losses):

        

Gross Realized Gains

   $ 36      $ 32      $ 95      $ 60   

Gross Realized Losses

     (11     (11     (18     (23
  

 

 

   

 

 

   

 

 

   

 

 

 

Net Realized Gains

   $ 25      $ 21      $ 77      $ 37   
  

 

 

   

 

 

   

 

 

   

 

 

 
 
Amount Of Available-For-Sale Debt Securities By Maturity Periods

Time Frame

  

Fair Value

 
     Millions  

Less than One Year

   $ 29   

1 - 5 Years

     133   

6 - 10 Years

     170   

11 - 15 Years

     39   

16 - 20 Years

     11   

Over 20 Years

     240   
  

 

 

 
   $ 622   
  

 

 

 
 
Securities Held In The Rabbi Trusts

     As of June 30, 2011  
    

Cost

    

Gross

Unrealized

Gains

    

Gross

Unrealized

Losses

    

Estimated

Fair

Value

 
     Millions  

Equity Securities

   $ 16       $ 4       $ 0       $ 20   

Debt Securities

     145         3         0         148   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total PSEG Available-for-Sale Securities

   $ 161       $ 7       $ 0       $ 168   
  

 

 

    

 

 

    

 

 

    

 

 

 

As of December 31, 2010  
    

Cost

    

Gross

Unrealized

Gains

    

Gross

Unrealized

Losses

    

Estimated

Fair

Value

 
     Millions   

Equity Securities

   $ 16       $ 2       $ 0       $ 18   

Debt Securities

     142         0         0         142   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total PSEG Available-for-Sale Securities

   $ 158       $ 2       $ 0       $ 160   
  

 

 

    

 

 

    

 

 

    

 

 

 
Rabbi Trusts [Member]
   
Fair Value Of The Rabbi Trusts
     

As of

June 30,

2011

    

As of

December 31,

2010

 
     Millions  

Power

   $ 32       $ 32   

PSE&G

     56         54   

Other

     80         74   
  

 

 

    

 

 

 

Total PSEG Available-for-Sale Securities

   $ 168       $ 160