Financial Information By Business Segments

9 Months Ended

Sep. 30, 2011

Financial Information By Business Segments

Note 16. Financial Information by Business Segments

	Power		PSE&G			Energy Holdings			Other(A)			Consolidated
	Millions
Three Months Ended September 30, 2011
Total Operating Revenues	$	1,398	$	1,841		$	(247	)	$	(372	)	$	2,620
Income (Loss) From Continuing Operations		273		154			(166	)		4			265
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax		29		0			0			0			29
Net Income (Loss)		302		154			(166	)		4			294
Segment Earnings (Loss)		302		154			(166	)		4			294
Gross Additions to Long-Lived Assets		207		265			1			4			477
Three Months Ended September 30, 2010
Total Operating Revenues	$	1,523	$	2,007		$	58		$	(474	)	$	3,114
Income (Loss) From Continuing Operations		364		155			24			4			547
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax		20		0			0			0			20
Net Income (Loss)		384		155			24			4			567
Segment Earnings (Loss)		384		155			24			4			567
Gross Additions to Long-Lived Assets		251		341			12			2			606
Nine Month Ended September 30, 2011
Total Operating Revenues	$	4,650	$	5,718		$	(206	)	$	(1,719	)	$	8,443
Income (Loss) From Continuing Operations		775		422			(164	)		14			1,047
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax		96		0			0			0			96
Net Income (Loss)		871		422			(164	)		14			1,143
Segment Earnings (Loss)		871		422			(164	)		14			1,143
Gross Additions to Long-Lived Assets		530		939			2			8			1,479
Nine Months Ended September 30, 2010
Total Operating Revenues	$	4,983	$	5,987		$	114		$	(2,036	)	$	9,048
Income (Loss) From Continuing Operations		937		276			43			11			1,267
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax		15		0			0			0			15
Net Income (Loss)		952		276			43			11			1,282
Preferred Securities Dividends		0		(1	)		0			1			0
Segment Earnings (Loss)		952		275			43			12			1,282
Gross Additions to Long-Lived Assets		579		871			61			6			1,517
As of September 30, 2011
Total Assets	$	11,484	$	17,235		$	1,959		$	(767	)	$	29,911
Investments in Equity Method Subsidiaries	$	30	$	0		$	113		$	0		$	143
As of December 31, 2010
Total Assets	$	11,452	$	16,873		$	2,234		$	(650	)	$	29,909
Investments in Equity Method Subsidiaries	$	25	$	0		$	105		$	0		$	130

(A) Other activities include amounts applicable to PSEG (as parent company), Services and intercompany eliminations, primarily relating to intercompany transactions between Power and PSE&G. No gains or losses are recorded on any intercompany transactions; rather, all intercompany transactions are priced in accordance with applicable regulations, including affiliate pricing rules, or at cost or, in the case of the BGS and BGSS contracts between Power and PSE&G, at rates prescribed by the BPU. For a further discussion of the intercompany transactions between Power and PSE&G, see Note 17. Related-Party Transactions.

Power [Member]

Financial Information By Business Segments

Note 16. Financial Information by Business Segments

	Power		PSE&G			Energy Holdings			Other(A)			Consolidated
	Millions
Three Months Ended September 30, 2011
Total Operating Revenues	$	1,398	$	1,841		$	(247	)	$	(372	)	$	2,620
Income (Loss) From Continuing Operations		273		154			(166	)		4			265
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax		29		0			0			0			29
Net Income (Loss)		302		154			(166	)		4			294
Segment Earnings (Loss)		302		154			(166	)		4			294
Gross Additions to Long-Lived Assets		207		265			1			4			477
Three Months Ended September 30, 2010
Total Operating Revenues	$	1,523	$	2,007		$	58		$	(474	)	$	3,114
Income (Loss) From Continuing Operations		364		155			24			4			547
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax		20		0			0			0			20
Net Income (Loss)		384		155			24			4			567
Segment Earnings (Loss)		384		155			24			4			567
Gross Additions to Long-Lived Assets		251		341			12			2			606
Nine Month Ended September 30, 2011
Total Operating Revenues	$	4,650	$	5,718		$	(206	)	$	(1,719	)	$	8,443
Income (Loss) From Continuing Operations		775		422			(164	)		14			1,047
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax		96		0			0			0			96
Net Income (Loss)		871		422			(164	)		14			1,143
Segment Earnings (Loss)		871		422			(164	)		14			1,143
Gross Additions to Long-Lived Assets		530		939			2			8			1,479
Nine Months Ended September 30, 2010
Total Operating Revenues	$	4,983	$	5,987		$	114		$	(2,036	)	$	9,048
Income (Loss) From Continuing Operations		937		276			43			11			1,267
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax		15		0			0			0			15
Net Income (Loss)		952		276			43			11			1,282
Preferred Securities Dividends		0		(1	)		0			1			0
Segment Earnings (Loss)		952		275			43			12			1,282
Gross Additions to Long-Lived Assets		579		871			61			6			1,517
As of September 30, 2011
Total Assets	$	11,484	$	17,235		$	1,959		$	(767	)	$	29,911
Investments in Equity Method Subsidiaries	$	30	$	0		$	113		$	0		$	143
As of December 31, 2010
Total Assets	$	11,452	$	16,873		$	2,234		$	(650	)	$	29,909
Investments in Equity Method Subsidiaries	$	25	$	0		$	105		$	0		$	130

(A) Other activities include amounts applicable to PSEG (as parent company), Services and intercompany eliminations, primarily relating to intercompany transactions between Power and PSE&G. No gains or losses are recorded on any intercompany transactions; rather, all intercompany transactions are priced in accordance with applicable regulations, including affiliate pricing rules, or at cost or, in the case of the BGS and BGSS contracts between Power and PSE&G, at rates prescribed by the BPU. For a further discussion of the intercompany transactions between Power and PSE&G, see Note 17. Related-Party Transactions.

PSE&G [Member]

Financial Information By Business Segments

Note 16. Financial Information by Business Segments

	Power		PSE&G			Energy Holdings			Other(A)			Consolidated
	Millions
Three Months Ended September 30, 2011
Total Operating Revenues	$	1,398	$	1,841		$	(247	)	$	(372	)	$	2,620
Income (Loss) From Continuing Operations		273		154			(166	)		4			265
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax		29		0			0			0			29
Net Income (Loss)		302		154			(166	)		4			294
Segment Earnings (Loss)		302		154			(166	)		4			294
Gross Additions to Long-Lived Assets		207		265			1			4			477
Three Months Ended September 30, 2010
Total Operating Revenues	$	1,523	$	2,007		$	58		$	(474	)	$	3,114
Income (Loss) From Continuing Operations		364		155			24			4			547
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax		20		0			0			0			20
Net Income (Loss)		384		155			24			4			567
Segment Earnings (Loss)		384		155			24			4			567
Gross Additions to Long-Lived Assets		251		341			12			2			606
Nine Month Ended September 30, 2011
Total Operating Revenues	$	4,650	$	5,718		$	(206	)	$	(1,719	)	$	8,443
Income (Loss) From Continuing Operations		775		422			(164	)		14			1,047
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax		96		0			0			0			96
Net Income (Loss)		871		422			(164	)		14			1,143
Segment Earnings (Loss)		871		422			(164	)		14			1,143
Gross Additions to Long-Lived Assets		530		939			2			8			1,479
Nine Months Ended September 30, 2010
Total Operating Revenues	$	4,983	$	5,987		$	114		$	(2,036	)	$	9,048
Income (Loss) From Continuing Operations		937		276			43			11			1,267
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax		15		0			0			0			15
Net Income (Loss)		952		276			43			11			1,282
Preferred Securities Dividends		0		(1	)		0			1			0
Segment Earnings (Loss)		952		275			43			12			1,282
Gross Additions to Long-Lived Assets		579		871			61			6			1,517
As of September 30, 2011
Total Assets	$	11,484	$	17,235		$	1,959		$	(767	)	$	29,911
Investments in Equity Method Subsidiaries	$	30	$	0		$	113		$	0		$	143
As of December 31, 2010
Total Assets	$	11,452	$	16,873		$	2,234		$	(650	)	$	29,909
Investments in Equity Method Subsidiaries	$	25	$	0		$	105		$	0		$	130

(A) Other activities include amounts applicable to PSEG (as parent company), Services and intercompany eliminations, primarily relating to intercompany transactions between Power and PSE&G. No gains or losses are recorded on any intercompany transactions; rather, all intercompany transactions are priced in accordance with applicable regulations, including affiliate pricing rules, or at cost or, in the case of the BGS and BGSS contracts between Power and PSE&G, at rates prescribed by the BPU. For a further discussion of the intercompany transactions between Power and PSE&G, see Note 17. Related-Party Transactions.