Comprehensive Income, Net Of Tax

9 Months Ended

Sep. 30, 2011

Comprehensive Income, Net Of Tax

Note 14. Comprehensive Income, Net of Tax

Comprehensive Income	Power			PSE&G			Other (A)			Consolidated
	Millions
Three Months Ended September 30, 2011
Net Income	$	302		$	154		$	(162	)	$	294
Other Comprehensive Income (Loss)		(80	)		1			2			(77	)
Comprehensive Income	$	222		$	155		$	(160	)	$	217
Three Months Ended September 30, 2010
Net Income	$	384		$	155		$	28		$	567
Other Comprehensive Income (Loss)		38			(6	)		(4	)		28
Comprehensive Income	$	422		$	149		$	24		$	595
Nine Months Ended September 30, 2011
Net Income	$	871		$	422		$	(150	)	$	1,143
Other Comprehensive Income (Loss)		(112	)		2			10			(100	)
Comprehensive Income	$	759		$	424		$	(140	)	$	1,043
Nine Months Ended September 30, 2010
Net Income	$	952		$	276		$	54		$	1,282
Other Comprehensive Income (Loss)		13			(5	)		(3	)		5
Comprehensive Income	$	965		$	271		$	51		$	1,287

(A) Other consists of activity at PSEG (as parent company), Energy Holdings, Services and intercompany eliminations.

Accumulated Other Comprehensive Income (Loss)

	Accumulated Other Comprehensive Income (Loss) Balance as of December 31, 2010			Other Comprehensive Income (Loss) for the Nine Months Ended September 30, 2011							Accumulated Other Comprehensive Income (Loss) Balance as of September 30, 2011
				Power (A)			PSE&G (B)		Other (C)
	Millions
Derivative Contracts	$	111		$	(80	)	$	0	$	0	$	31
Pension and OPEB Plans		(377	)		45			0		8		(324	)
NDT Funds		109			(77	)		0		0		32
Other		1			0			2		2		5
Accumulated Other Comprehensive Income (Loss)	$	(156	)	$	(112	)	$	2		10	$	(256	)

	Accumulated Other Comprehensive Income (Loss) Balance as of December 31, 2009			Other Comprehensive Income (Loss) for the Nine Months Ended September 30, 2010									Accumulated Other Comprehensive Income (Loss) Balance as of September 30, 2010
				Power (A)			PSE&G (B)			Other (C)
	Millions
Derivative Contracts	$	180		$	(2	)	$	0		$	0		$	178
Pension and OPEB Plans		(400	)		18			0			1			(381	)
NDT Funds		91			0			0			0			91
Other		13			(3	)		(5	)		(4	)		1
Accumulated Other Comprehensive Income (Loss)	$	(116	)	$	13		$	(5	)	$	(3	)	$	(111	)

(A) Net of tax related to Derivative Contracts, Pension and OPEB Plans and NDT Funds/Other of $54 million, $(31) million and $78 million, respectively for the nine months ended September 30, 2011. Net of tax related to Derivative Contracts, Pension and OPEB Plans and NDT Funds/Other of $1 million, $(12) million and $1 million, respectively for the nine months ended September 30, 2010.

(B) Net of tax of $(1) million for the nine months ended September 30, 2011 and $3 million for the nine months ended September 30, 2010.

(C) Net of tax of $(7) million for the nine months ended September 30, 2011 and $2 million for the nine months ended September 30, 2010.

Power [Member]

Comprehensive Income, Net Of Tax

Note 14. Comprehensive Income, Net of Tax

Comprehensive Income	Power			PSE&G			Other (A)			Consolidated
	Millions
Three Months Ended September 30, 2011
Net Income	$	302		$	154		$	(162	)	$	294
Other Comprehensive Income (Loss)		(80	)		1			2			(77	)
Comprehensive Income	$	222		$	155		$	(160	)	$	217
Three Months Ended September 30, 2010
Net Income	$	384		$	155		$	28		$	567
Other Comprehensive Income (Loss)		38			(6	)		(4	)		28
Comprehensive Income	$	422		$	149		$	24		$	595
Nine Months Ended September 30, 2011
Net Income	$	871		$	422		$	(150	)	$	1,143
Other Comprehensive Income (Loss)		(112	)		2			10			(100	)
Comprehensive Income	$	759		$	424		$	(140	)	$	1,043
Nine Months Ended September 30, 2010
Net Income	$	952		$	276		$	54		$	1,282
Other Comprehensive Income (Loss)		13			(5	)		(3	)		5
Comprehensive Income	$	965		$	271		$	51		$	1,287

(A) Other consists of activity at PSEG (as parent company), Energy Holdings, Services and intercompany eliminations.

Accumulated Other Comprehensive Income (Loss)

	Accumulated Other Comprehensive Income (Loss) Balance as of December 31, 2010			Other Comprehensive Income (Loss) for the Nine Months Ended September 30, 2011							Accumulated Other Comprehensive Income (Loss) Balance as of September 30, 2011
				Power (A)			PSE&G (B)		Other (C)
	Millions
Derivative Contracts	$	111		$	(80	)	$	0	$	0	$	31
Pension and OPEB Plans		(377	)		45			0		8		(324	)
NDT Funds		109			(77	)		0		0		32
Other		1			0			2		2		5
Accumulated Other Comprehensive Income (Loss)	$	(156	)	$	(112	)	$	2		10	$	(256	)

	Accumulated Other Comprehensive Income (Loss) Balance as of December 31, 2009			Other Comprehensive Income (Loss) for the Nine Months Ended September 30, 2010									Accumulated Other Comprehensive Income (Loss) Balance as of September 30, 2010
				Power (A)			PSE&G (B)			Other (C)
	Millions
Derivative Contracts	$	180		$	(2	)	$	0		$	0		$	178
Pension and OPEB Plans		(400	)		18			0			1			(381	)
NDT Funds		91			0			0			0			91
Other		13			(3	)		(5	)		(4	)		1
Accumulated Other Comprehensive Income (Loss)	$	(116	)	$	13		$	(5	)	$	(3	)	$	(111	)

(A) Net of tax related to Derivative Contracts, Pension and OPEB Plans and NDT Funds/Other of $54 million, $(31) million and $78 million, respectively for the nine months ended September 30, 2011. Net of tax related to Derivative Contracts, Pension and OPEB Plans and NDT Funds/Other of $1 million, $(12) million and $1 million, respectively for the nine months ended September 30, 2010.

(B) Net of tax of $(1) million for the nine months ended September 30, 2011 and $3 million for the nine months ended September 30, 2010.

(C) Net of tax of $(7) million for the nine months ended September 30, 2011 and $2 million for the nine months ended September 30, 2010.

PSE&G [Member]

Comprehensive Income, Net Of Tax

Note 14. Comprehensive Income, Net of Tax

Comprehensive Income	Power			PSE&G			Other (A)			Consolidated
	Millions
Three Months Ended September 30, 2011
Net Income	$	302		$	154		$	(162	)	$	294
Other Comprehensive Income (Loss)		(80	)		1			2			(77	)
Comprehensive Income	$	222		$	155		$	(160	)	$	217
Three Months Ended September 30, 2010
Net Income	$	384		$	155		$	28		$	567
Other Comprehensive Income (Loss)		38			(6	)		(4	)		28
Comprehensive Income	$	422		$	149		$	24		$	595
Nine Months Ended September 30, 2011
Net Income	$	871		$	422		$	(150	)	$	1,143
Other Comprehensive Income (Loss)		(112	)		2			10			(100	)
Comprehensive Income	$	759		$	424		$	(140	)	$	1,043
Nine Months Ended September 30, 2010
Net Income	$	952		$	276		$	54		$	1,282
Other Comprehensive Income (Loss)		13			(5	)		(3	)		5
Comprehensive Income	$	965		$	271		$	51		$	1,287

(A) Other consists of activity at PSEG (as parent company), Energy Holdings, Services and intercompany eliminations.

Accumulated Other Comprehensive Income (Loss)

	Accumulated Other Comprehensive Income (Loss) Balance as of December 31, 2010			Other Comprehensive Income (Loss) for the Nine Months Ended September 30, 2011							Accumulated Other Comprehensive Income (Loss) Balance as of September 30, 2011
				Power (A)			PSE&G (B)		Other (C)
	Millions
Derivative Contracts	$	111		$	(80	)	$	0	$	0	$	31
Pension and OPEB Plans		(377	)		45			0		8		(324	)
NDT Funds		109			(77	)		0		0		32
Other		1			0			2		2		5
Accumulated Other Comprehensive Income (Loss)	$	(156	)	$	(112	)	$	2		10	$	(256	)

	Accumulated Other Comprehensive Income (Loss) Balance as of December 31, 2009			Other Comprehensive Income (Loss) for the Nine Months Ended September 30, 2010									Accumulated Other Comprehensive Income (Loss) Balance as of September 30, 2010
				Power (A)			PSE&G (B)			Other (C)
	Millions
Derivative Contracts	$	180		$	(2	)	$	0		$	0		$	178
Pension and OPEB Plans		(400	)		18			0			1			(381	)
NDT Funds		91			0			0			0			91
Other		13			(3	)		(5	)		(4	)		1
Accumulated Other Comprehensive Income (Loss)	$	(116	)	$	13		$	(5	)	$	(3	)	$	(111	)

(A) Net of tax related to Derivative Contracts, Pension and OPEB Plans and NDT Funds/Other of $54 million, $(31) million and $78 million, respectively for the nine months ended September 30, 2011. Net of tax related to Derivative Contracts, Pension and OPEB Plans and NDT Funds/Other of $1 million, $(12) million and $1 million, respectively for the nine months ended September 30, 2010.

(B) Net of tax of $(1) million for the nine months ended September 30, 2011 and $3 million for the nine months ended September 30, 2010.

(C) Net of tax of $(7) million for the nine months ended September 30, 2011 and $2 million for the nine months ended September 30, 2010.