Available-For-Sale Securities

9 Months Ended

Sep. 30, 2011

Available-For-Sale Securities

Note 6. Available-for-Sale Securities

Nuclear Decommissioning Trust (NDT) Funds

Power maintains an external master nuclear decommissioning trust to fund its share of decommissioning for its five nuclear facilities upon termination of operation. The trust contains two separate funds: a qualified fund and a non-qualified fund. Section 468A of the Internal Revenue Code limits the amount of money that can be contributed into a qualified fund. The trust funds are managed by third party investment advisors who operate under investment guidelines developed by Power.

Power classifies investments in the NDT funds as available-for-sale. The following tables show the fair values and gross unrealized gains and losses for the securities held in the NDT funds:

	As of September 30, 2011
	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
	Millions
Equity Securities	$	537	$	93	$	(55	)	$	575
Debt Securities
Government Obligations		340		16		(1	)		355
Other Debt Securities		273		14		(3	)		284
Total Debt Securities		613		30		(4	)		639
Other Securities		66		0		0			66
Total Available-for-Sale Securities	$	1,216	$	123	$	(59	)	$	1,280

	As of December 31, 2010
	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated 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

These amounts do not include receivables and payables for NDT Fund transactions which have not settled at the end of each period. Such amounts are included in Accounts Receivable and Accounts Payable on the Condensed Consolidated Balance Sheets as shown in the following table.

	As of September 30,		As of December 31,
	2011		2010
	Millions
Accounts Receivable	$	100	$	35
Accounts Payable	$	95	$	60

The following table shows the value of securities in the NDT funds that have been in an unrealized loss position for less than and greater than 12 months:

	As of September 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)	$	252	$	(55	)	$	0	$	0		$	55	$	(3	)	$	0	$	0
Debt Securities
Government Obligations (B)		72		(1	)		2		0			106		(4	)		1		0
Other Debt Securities (C)		65		(2	)		6		(1	)		65		(1	)		8		(1	)
Total Debt Securities		137		(3	)		8		(1	)		171		(5	)		9		(1	)
Other Securities		1		0			0		0			0		0			0		0
Total Available-for-Sale Securities	$	390	$	(58	)	$	8	$	(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 hundreds of companies with limited impairment durations. Power does not consider these securities to be other-than-temporarily impaired as of September 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 September 30, 2011.

(C) Debt Securities (Corporate)—Power's investments in corporate bonds are primarily in 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 September 30, 2011.

The proceeds from the sales of and the net realized gains on securities in the NDT Funds were:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2011			2010			2011			2010
	Millions						Millions
Proceeds from Sales	$	431		$	302		$	1,088		$	728
Net Realized Gains (Losses)
Gross Realized Gains	$	26		$	26		$	121		$	86
Gross Realized Losses		(10	)		(8	)		(28	)		(31	)
Net Realized Gains	$	16		$	18		$	93		$	55

Net realized gains disclosed in the above table were recognized in Other Income and Other Deductions in PSEG's and Power's Condensed Consolidated Statements of Operations. Net unrealized gains of $32 million (after-tax) were recognized in Accumulated Other Comprehensive Income (OCI) on Power's Condensed Consolidated Balance Sheet as of September 30, 2011. The available-for-sale debt securities held as of September 30, 2011 had the following maturities:

Time Frame	Fair Value
	Millions
Less than 1 Year	$	11
1 - 5 Years		141
6 - 10 Years		172
11 - 15 Years		43
16 - 20 Years		18
Over 20 Years		254
	$	639

The cost of these securities was determined on the basis of specific identification.

Power periodically assesses individual securities whose fair value is less than amortized cost to determine whether the investments are considered to be other-than-temporarily impaired. For equity securities, management considers the ability and intent to hold for a reasonable time to permit recovery in addition to the severity and duration of the loss. For fixed income securities, management considers its intent to sell or requirement to sell a security prior to expected recovery. In those cases where a sale is expected, any impairment would be recorded through earnings. For fixed income securities where there is no intent to sell or likely requirement to sell, management evaluates whether credit loss is a component of the impairment. If so, that portion is recorded through earnings while the noncredit loss component is recorded through OCI. In 2011, other-than-temporary impairments of $10 million were recognized on securities in the NDT funds. Any subsequent recoveries in the value of these securities are recognized in OCI unless the securities are sold, in which case, any gain is recognized in income. The assessment of fair market value compared to cost is applied on a weighted average basis taking into account various purchase dates and initial cost detail of the securities.

Rabbi Trusts

PSEG maintains certain unfunded nonqualified benefit plans to provide supplemental retirement and deferred compensation benefits to certain key employees. Certain assets related to these plans have been set aside in grantor trusts commonly known as "Rabbi Trusts." In August 2010, PSEG revised the asset structure of the Rabbi Trust and realized gains of $31 million as the investments were transitioned to a new asset allocation and investment manager. The new structure resulted in lower investment management fees.

PSEG classifies investments in the Rabbi Trusts as available-for-sale. The following tables show the fair values, gross unrealized gains and losses and amortized cost basis for the securities held in the Rabbi Trusts.

	As of September 30, 2011
	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
	Millions
Equity Securities	$	16	$	2	$	0	$	18
Debt Securities		147		5		0		152
Total PSEG Available-for-Sale Securities	$	163	$	7	$	0	$	170

	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

The Rabbi Trusts are invested in commingled indexed mutual funds, in which the shares have the characteristics of equity securities. Due to the commingled nature of these funds, PSEG does not have the ability to hold these securities until expected recovery. As a result, any declines in fair market value below cost are recorded as a charge to earnings. For the nine months ended September 30, 2011, other-than-temporary impairments of $3 million were recognized on the bond portfolio of the Rabbi Trusts.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2011		2010		2011		2010
	Millions				Millions
Proceeds from Sales	$	0	$	158	$	0	$	158
Net Realized Gains (Losses)
Gross Realized Gains	$	0	$	31	$	0	$	31
Gross Realized Losses		0		0		0		0
Net Realized Gains (Losses)	$	0	$	31	$	0	$	31

The cost of these securities was determined on the basis of specific identification.

The estimated fair value of the Rabbi Trusts related to PSEG, Power and PSE&G are detailed as follows:

	As of September 30, 2011		As of December 31, 2010
	Millions
Power	$	33	$	32
PSE&G		57		54
Other		80		74
Total PSEG Available-for-Sale Securities	$	170	$	160

Power [Member]

Available-For-Sale Securities

Note 6. Available-for-Sale Securities

Nuclear Decommissioning Trust (NDT) Funds

Power maintains an external master nuclear decommissioning trust to fund its share of decommissioning for its five nuclear facilities upon termination of operation. The trust contains two separate funds: a qualified fund and a non-qualified fund. Section 468A of the Internal Revenue Code limits the amount of money that can be contributed into a qualified fund. The trust funds are managed by third party investment advisors who operate under investment guidelines developed by Power.

Power classifies investments in the NDT funds as available-for-sale. The following tables show the fair values and gross unrealized gains and losses for the securities held in the NDT funds:

	As of September 30, 2011
	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
	Millions
Equity Securities	$	537	$	93	$	(55	)	$	575
Debt Securities
Government Obligations		340		16		(1	)		355
Other Debt Securities		273		14		(3	)		284
Total Debt Securities		613		30		(4	)		639
Other Securities		66		0		0			66
Total Available-for-Sale Securities	$	1,216	$	123	$	(59	)	$	1,280

	As of December 31, 2010
	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated 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

These amounts do not include receivables and payables for NDT Fund transactions which have not settled at the end of each period. Such amounts are included in Accounts Receivable and Accounts Payable on the Condensed Consolidated Balance Sheets as shown in the following table.

	As of September 30,		As of December 31,
	2011		2010
	Millions
Accounts Receivable	$	100	$	35
Accounts Payable	$	95	$	60

The following table shows the value of securities in the NDT funds that have been in an unrealized loss position for less than and greater than 12 months:

	As of September 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)	$	252	$	(55	)	$	0	$	0		$	55	$	(3	)	$	0	$	0
Debt Securities
Government Obligations (B)		72		(1	)		2		0			106		(4	)		1		0
Other Debt Securities (C)		65		(2	)		6		(1	)		65		(1	)		8		(1	)
Total Debt Securities		137		(3	)		8		(1	)		171		(5	)		9		(1	)
Other Securities		1		0			0		0			0		0			0		0
Total Available-for-Sale Securities	$	390	$	(58	)	$	8	$	(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 hundreds of companies with limited impairment durations. Power does not consider these securities to be other-than-temporarily impaired as of September 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 September 30, 2011.

(C) Debt Securities (Corporate)—Power's investments in corporate bonds are primarily in 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 September 30, 2011.

The proceeds from the sales of and the net realized gains on securities in the NDT Funds were:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2011			2010			2011			2010
	Millions						Millions
Proceeds from Sales	$	431		$	302		$	1,088		$	728
Net Realized Gains (Losses)
Gross Realized Gains	$	26		$	26		$	121		$	86
Gross Realized Losses		(10	)		(8	)		(28	)		(31	)
Net Realized Gains	$	16		$	18		$	93		$	55

Net realized gains disclosed in the above table were recognized in Other Income and Other Deductions in PSEG's and Power's Condensed Consolidated Statements of Operations. Net unrealized gains of $32 million (after-tax) were recognized in Accumulated Other Comprehensive Income (OCI) on Power's Condensed Consolidated Balance Sheet as of September 30, 2011. The available-for-sale debt securities held as of September 30, 2011 had the following maturities:

Time Frame	Fair Value
	Millions
Less than 1 Year	$	11
1 - 5 Years		141
6 - 10 Years		172
11 - 15 Years		43
16 - 20 Years		18
Over 20 Years		254
	$	639

The cost of these securities was determined on the basis of specific identification.

Power periodically assesses individual securities whose fair value is less than amortized cost to determine whether the investments are considered to be other-than-temporarily impaired. For equity securities, management considers the ability and intent to hold for a reasonable time to permit recovery in addition to the severity and duration of the loss. For fixed income securities, management considers its intent to sell or requirement to sell a security prior to expected recovery. In those cases where a sale is expected, any impairment would be recorded through earnings. For fixed income securities where there is no intent to sell or likely requirement to sell, management evaluates whether credit loss is a component of the impairment. If so, that portion is recorded through earnings while the noncredit loss component is recorded through OCI. In 2011, other-than-temporary impairments of $10 million were recognized on securities in the NDT funds. Any subsequent recoveries in the value of these securities are recognized in OCI unless the securities are sold, in which case, any gain is recognized in income. The assessment of fair market value compared to cost is applied on a weighted average basis taking into account various purchase dates and initial cost detail of the securities.

Rabbi Trusts

PSEG maintains certain unfunded nonqualified benefit plans to provide supplemental retirement and deferred compensation benefits to certain key employees. Certain assets related to these plans have been set aside in grantor trusts commonly known as "Rabbi Trusts." In August 2010, PSEG revised the asset structure of the Rabbi Trust and realized gains of $31 million as the investments were transitioned to a new asset allocation and investment manager. The new structure resulted in lower investment management fees.

PSEG classifies investments in the Rabbi Trusts as available-for-sale. The following tables show the fair values, gross unrealized gains and losses and amortized cost basis for the securities held in the Rabbi Trusts.

	As of September 30, 2011
	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
	Millions
Equity Securities	$	16	$	2	$	0	$	18
Debt Securities		147		5		0		152
Total PSEG Available-for-Sale Securities	$	163	$	7	$	0	$	170

	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

The Rabbi Trusts are invested in commingled indexed mutual funds, in which the shares have the characteristics of equity securities. Due to the commingled nature of these funds, PSEG does not have the ability to hold these securities until expected recovery. As a result, any declines in fair market value below cost are recorded as a charge to earnings. For the nine months ended September 30, 2011, other-than-temporary impairments of $3 million were recognized on the bond portfolio of the Rabbi Trusts.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2011		2010		2011		2010
	Millions				Millions
Proceeds from Sales	$	0	$	158	$	0	$	158
Net Realized Gains (Losses)
Gross Realized Gains	$	0	$	31	$	0	$	31
Gross Realized Losses		0		0		0		0
Net Realized Gains (Losses)	$	0	$	31	$	0	$	31

The cost of these securities was determined on the basis of specific identification.

The estimated fair value of the Rabbi Trusts related to PSEG, Power and PSE&G are detailed as follows:

	As of September 30, 2011		As of December 31, 2010
	Millions
Power	$	33	$	32
PSE&G		57		54
Other		80		74
Total PSEG Available-for-Sale Securities	$	170	$	160

PSE&G [Member]

Available-For-Sale Securities

Note 6. Available-for-Sale Securities

Nuclear Decommissioning Trust (NDT) Funds

Power maintains an external master nuclear decommissioning trust to fund its share of decommissioning for its five nuclear facilities upon termination of operation. The trust contains two separate funds: a qualified fund and a non-qualified fund. Section 468A of the Internal Revenue Code limits the amount of money that can be contributed into a qualified fund. The trust funds are managed by third party investment advisors who operate under investment guidelines developed by Power.

Power classifies investments in the NDT funds as available-for-sale. The following tables show the fair values and gross unrealized gains and losses for the securities held in the NDT funds:

	As of September 30, 2011
	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
	Millions
Equity Securities	$	537	$	93	$	(55	)	$	575
Debt Securities
Government Obligations		340		16		(1	)		355
Other Debt Securities		273		14		(3	)		284
Total Debt Securities		613		30		(4	)		639
Other Securities		66		0		0			66
Total Available-for-Sale Securities	$	1,216	$	123	$	(59	)	$	1,280

	As of December 31, 2010
	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated 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

These amounts do not include receivables and payables for NDT Fund transactions which have not settled at the end of each period. Such amounts are included in Accounts Receivable and Accounts Payable on the Condensed Consolidated Balance Sheets as shown in the following table.

	As of September 30,		As of December 31,
	2011		2010
	Millions
Accounts Receivable	$	100	$	35
Accounts Payable	$	95	$	60

The following table shows the value of securities in the NDT funds that have been in an unrealized loss position for less than and greater than 12 months:

	As of September 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)	$	252	$	(55	)	$	0	$	0		$	55	$	(3	)	$	0	$	0
Debt Securities
Government Obligations (B)		72		(1	)		2		0			106		(4	)		1		0
Other Debt Securities (C)		65		(2	)		6		(1	)		65		(1	)		8		(1	)
Total Debt Securities		137		(3	)		8		(1	)		171		(5	)		9		(1	)
Other Securities		1		0			0		0			0		0			0		0
Total Available-for-Sale Securities	$	390	$	(58	)	$	8	$	(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 hundreds of companies with limited impairment durations. Power does not consider these securities to be other-than-temporarily impaired as of September 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 September 30, 2011.

(C) Debt Securities (Corporate)—Power's investments in corporate bonds are primarily in 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 September 30, 2011.

The proceeds from the sales of and the net realized gains on securities in the NDT Funds were:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2011			2010			2011			2010
	Millions						Millions
Proceeds from Sales	$	431		$	302		$	1,088		$	728
Net Realized Gains (Losses)
Gross Realized Gains	$	26		$	26		$	121		$	86
Gross Realized Losses		(10	)		(8	)		(28	)		(31	)
Net Realized Gains	$	16		$	18		$	93		$	55

Net realized gains disclosed in the above table were recognized in Other Income and Other Deductions in PSEG's and Power's Condensed Consolidated Statements of Operations. Net unrealized gains of $32 million (after-tax) were recognized in Accumulated Other Comprehensive Income (OCI) on Power's Condensed Consolidated Balance Sheet as of September 30, 2011. The available-for-sale debt securities held as of September 30, 2011 had the following maturities:

Time Frame	Fair Value
	Millions
Less than 1 Year	$	11
1 - 5 Years		141
6 - 10 Years		172
11 - 15 Years		43
16 - 20 Years		18
Over 20 Years		254
	$	639

The cost of these securities was determined on the basis of specific identification.

Power periodically assesses individual securities whose fair value is less than amortized cost to determine whether the investments are considered to be other-than-temporarily impaired. For equity securities, management considers the ability and intent to hold for a reasonable time to permit recovery in addition to the severity and duration of the loss. For fixed income securities, management considers its intent to sell or requirement to sell a security prior to expected recovery. In those cases where a sale is expected, any impairment would be recorded through earnings. For fixed income securities where there is no intent to sell or likely requirement to sell, management evaluates whether credit loss is a component of the impairment. If so, that portion is recorded through earnings while the noncredit loss component is recorded through OCI. In 2011, other-than-temporary impairments of $10 million were recognized on securities in the NDT funds. Any subsequent recoveries in the value of these securities are recognized in OCI unless the securities are sold, in which case, any gain is recognized in income. The assessment of fair market value compared to cost is applied on a weighted average basis taking into account various purchase dates and initial cost detail of the securities.

Rabbi Trusts

PSEG maintains certain unfunded nonqualified benefit plans to provide supplemental retirement and deferred compensation benefits to certain key employees. Certain assets related to these plans have been set aside in grantor trusts commonly known as "Rabbi Trusts." In August 2010, PSEG revised the asset structure of the Rabbi Trust and realized gains of $31 million as the investments were transitioned to a new asset allocation and investment manager. The new structure resulted in lower investment management fees.

PSEG classifies investments in the Rabbi Trusts as available-for-sale. The following tables show the fair values, gross unrealized gains and losses and amortized cost basis for the securities held in the Rabbi Trusts.

	As of September 30, 2011
	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
	Millions
Equity Securities	$	16	$	2	$	0	$	18
Debt Securities		147		5		0		152
Total PSEG Available-for-Sale Securities	$	163	$	7	$	0	$	170

	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

The Rabbi Trusts are invested in commingled indexed mutual funds, in which the shares have the characteristics of equity securities. Due to the commingled nature of these funds, PSEG does not have the ability to hold these securities until expected recovery. As a result, any declines in fair market value below cost are recorded as a charge to earnings. For the nine months ended September 30, 2011, other-than-temporary impairments of $3 million were recognized on the bond portfolio of the Rabbi Trusts.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2011		2010		2011		2010
	Millions				Millions
Proceeds from Sales	$	0	$	158	$	0	$	158
Net Realized Gains (Losses)
Gross Realized Gains	$	0	$	31	$	0	$	31
Gross Realized Losses		0		0		0		0
Net Realized Gains (Losses)	$	0	$	31	$	0	$	31

The cost of these securities was determined on the basis of specific identification.

The estimated fair value of the Rabbi Trusts related to PSEG, Power and PSE&G are detailed as follows:

	As of September 30, 2011		As of December 31, 2010
	Millions
Power	$	33	$	32
PSE&G		57		54
Other		80		74
Total PSEG Available-for-Sale Securities	$	170	$	160