Property, Plant And Equipment And Jointly-Owned Facilities

12 Months Ended

Dec. 31, 2011

Property Plant And Equipment And Jointly Owned Facilities

Note 5. Property, Plant and Equipment and Jointly-Owned Facilities

Information related to Property, Plant and Equipment as of December 31, 2011 and 2010 is detailed below:

	Power		PSE&G		Other		PSEG Consolidated
	Millions
2011
Generation:
Fossil Production	$	6,415	$	0	$	0	$	6,415
Nuclear Production		1,138		0		0		1,138
Nuclear Fuel in Service		774		0		0		774
Other Production-Solar		0		345		89		434
Construction Work in Progress		784		19		0		803
Total Generation		9,111		364		89		9,564
Transmission and Distribution:
Electric Transmission		0		2,441		0		2,441
Electric Distribution		0		6,522		0		6,522
Gas Transmission		0		91		0		91
Gas Distribution		0		4,858		0		4,858
Construction Work in Progress		0		546		0		546
Plant Held for Future Use		0		9		0		9
Other		0		386		0		386
Total Transmission and Distribution		0		14,853		0		14,853
Other		80		89		494		663
Total	$	9,191	$	15,306	$	583	$	25,080

	Power		PSE&G		Other		PSEG Consolidated
	Millions
2010
Generation:
Fossil Production	$	6,442	$	0	$	0	$	6,442
Nuclear Production		965		0		0		965
Nuclear Fuel in Service		717		0		0		717
Other Production-Solar		0		204		87		291
Construction Work in Progress		441		0		0		441
Total Generation		8,565		204		87		8,856
Transmission and Distribution:
Electric Transmission		0		2,148		0		2,148
Electric Distribution		0		6,208		0		6,208
Gas Transmission		0		91		0		91
Gas Distribution		0		4,684		0		4,684
Construction Work in Progress		0		211		0		211
Plant Held for Future Use		0		5		0		5
Other		0		389		0		389
Total Transmission and Distribution		0		13,736		0		13,736
Other		78		128		474		680
Total	$	8,643	$	14,068	$	561	$	23,272

As of December 31, 2011, we had accrued capital expenditures of $132 million and $204 million at Power and PSE&G, respectively. As of December 31, 2010, we had accrued capital expenditures of $111 million and $124 million at Power and PSE&G, respectively.

Power and PSE&G have ownership interests in and are responsible for providing their respective shares of the necessary financing for the following jointly-owned facilities. All amounts reflect the share of Power's and PSE&G's jointly-owned projects and the corresponding direct expenses are included in the Consolidated Statements of Operations as operating expenses.

	Ownership				Accumulated
December 31, 2011	Interest		Plant		Depreciation
			Millions
Power:
Coal Generating
Conemaugh		23%	$	289	$	126
Keystone		23%	$	381	$	117
Nuclear Generating
Peach Bottom		50%	$	559	$	171
Salem		57%	$	807	$	211
Nuclear Support Facilities		Various	$	171	$	27
Pumped Storage Facilities
Yards Creek		50%	$	34	$	23
Merrill Creek Reservoir		14%	$	1	$	0
PSE&G:
Transmission Facilities		Various	$	152	$	61
Linden SNG Plant		90%	$	5	$	5

	Ownership				Accumulated
December 31, 2010	Interest		Plant		Depreciation
			Millions
Power:
Coal Generating
Conemaugh		23%	$	254	$	122
Keystone		23%	$	376	$	107
Nuclear Generating
Peach Bottom		50%	$	399	$	149
Salem		57%	$	770	$	225
Nuclear Support Facilities		Various	$	135	$	21
Pumped Storage Facilities
Yards Creek		50%	$	32	$	22
Merrill Creek Reservoir		14%	$	1	$	0
PSE&G:
Transmission Facilities		Various	$	148	$	61
Linden SNG Plant		90%	$	5	$	5

Power holds undivided ownership interests in the jointly-owned facilities above, excluding related nuclear fuel and inventories. Power is entitled to shares of the generating capability and output of each unit equal to its respective ownership interests. Power also pays its ownership share of additional construction costs, fuel inventory purchases and operating expenses. Power's share of expenses for the jointly-owned facilities is included in the appropriate expense category. Each owner is responsible for any financing with respect to its pro rata share of capital expenditures.

Power co-owns Salem and Peach Bottom with Exelon Generation. Power is the operator of Salem and Exelon Generation is the operator of Peach Bottom. A committee appointed by the co-owners reviews/approves major planning, financing and budgetary (capital and operating) decisions.

GenOn Northeast Management Company is a co-owner and the operator for Keystone Generating Station and Conemaugh Generating Station. A committee appointed by all co-owners makes all planning, financing and budgetary (capital and operating) decisions.

Power is a co-owner in the Yards Creek Pumped Storage Generation Facility. Jersey Central Power & Light Company (JCP&L) is also a co-owner and the operator of this facility. JCP&L submits separate capital and Operations and Maintenance budgets, subject to the approval of Power.

Power is a minority owner in the Merrill Creek Reservoir and Environmental Preserve in Warren County, New Jersey. Merrill Creek Reservoir is the owner-operator of this facility. The operator submits separate capital and Operations and Maintenance budgets, subject to the approval of the non-operating owners.

Power [Member]

Property Plant And Equipment And Jointly Owned Facilities

Note 5. Property, Plant and Equipment and Jointly-Owned Facilities

Information related to Property, Plant and Equipment as of December 31, 2011 and 2010 is detailed below:

	Power		PSE&G		Other		PSEG Consolidated
	Millions
2011
Generation:
Fossil Production	$	6,415	$	0	$	0	$	6,415
Nuclear Production		1,138		0		0		1,138
Nuclear Fuel in Service		774		0		0		774
Other Production-Solar		0		345		89		434
Construction Work in Progress		784		19		0		803
Total Generation		9,111		364		89		9,564
Transmission and Distribution:
Electric Transmission		0		2,441		0		2,441
Electric Distribution		0		6,522		0		6,522
Gas Transmission		0		91		0		91
Gas Distribution		0		4,858		0		4,858
Construction Work in Progress		0		546		0		546
Plant Held for Future Use		0		9		0		9
Other		0		386		0		386
Total Transmission and Distribution		0		14,853		0		14,853
Other		80		89		494		663
Total	$	9,191	$	15,306	$	583	$	25,080

	Power		PSE&G		Other		PSEG Consolidated
	Millions
2010
Generation:
Fossil Production	$	6,442	$	0	$	0	$	6,442
Nuclear Production		965		0		0		965
Nuclear Fuel in Service		717		0		0		717
Other Production-Solar		0		204		87		291
Construction Work in Progress		441		0		0		441
Total Generation		8,565		204		87		8,856
Transmission and Distribution:
Electric Transmission		0		2,148		0		2,148
Electric Distribution		0		6,208		0		6,208
Gas Transmission		0		91		0		91
Gas Distribution		0		4,684		0		4,684
Construction Work in Progress		0		211		0		211
Plant Held for Future Use		0		5		0		5
Other		0		389		0		389
Total Transmission and Distribution		0		13,736		0		13,736
Other		78		128		474		680
Total	$	8,643	$	14,068	$	561	$	23,272

As of December 31, 2011, we had accrued capital expenditures of $132 million and $204 million at Power and PSE&G, respectively. As of December 31, 2010, we had accrued capital expenditures of $111 million and $124 million at Power and PSE&G, respectively.

Power and PSE&G have ownership interests in and are responsible for providing their respective shares of the necessary financing for the following jointly-owned facilities. All amounts reflect the share of Power's and PSE&G's jointly-owned projects and the corresponding direct expenses are included in the Consolidated Statements of Operations as operating expenses.

	Ownership				Accumulated
December 31, 2011	Interest		Plant		Depreciation
			Millions
Power:
Coal Generating
Conemaugh		23%	$	289	$	126
Keystone		23%	$	381	$	117
Nuclear Generating
Peach Bottom		50%	$	559	$	171
Salem		57%	$	807	$	211
Nuclear Support Facilities		Various	$	171	$	27
Pumped Storage Facilities
Yards Creek		50%	$	34	$	23
Merrill Creek Reservoir		14%	$	1	$	0
PSE&G:
Transmission Facilities		Various	$	152	$	61
Linden SNG Plant		90%	$	5	$	5

	Ownership				Accumulated
December 31, 2010	Interest		Plant		Depreciation
			Millions
Power:
Coal Generating
Conemaugh		23%	$	254	$	122
Keystone		23%	$	376	$	107
Nuclear Generating
Peach Bottom		50%	$	399	$	149
Salem		57%	$	770	$	225
Nuclear Support Facilities		Various	$	135	$	21
Pumped Storage Facilities
Yards Creek		50%	$	32	$	22
Merrill Creek Reservoir		14%	$	1	$	0
PSE&G:
Transmission Facilities		Various	$	148	$	61
Linden SNG Plant		90%	$	5	$	5

Power holds undivided ownership interests in the jointly-owned facilities above, excluding related nuclear fuel and inventories. Power is entitled to shares of the generating capability and output of each unit equal to its respective ownership interests. Power also pays its ownership share of additional construction costs, fuel inventory purchases and operating expenses. Power's share of expenses for the jointly-owned facilities is included in the appropriate expense category. Each owner is responsible for any financing with respect to its pro rata share of capital expenditures.

Power co-owns Salem and Peach Bottom with Exelon Generation. Power is the operator of Salem and Exelon Generation is the operator of Peach Bottom. A committee appointed by the co-owners reviews/approves major planning, financing and budgetary (capital and operating) decisions.

GenOn Northeast Management Company is a co-owner and the operator for Keystone Generating Station and Conemaugh Generating Station. A committee appointed by all co-owners makes all planning, financing and budgetary (capital and operating) decisions.

Power is a co-owner in the Yards Creek Pumped Storage Generation Facility. Jersey Central Power & Light Company (JCP&L) is also a co-owner and the operator of this facility. JCP&L submits separate capital and Operations and Maintenance budgets, subject to the approval of Power.

Power is a minority owner in the Merrill Creek Reservoir and Environmental Preserve in Warren County, New Jersey. Merrill Creek Reservoir is the owner-operator of this facility. The operator submits separate capital and Operations and Maintenance budgets, subject to the approval of the non-operating owners.

PSE&G [Member]

Property Plant And Equipment And Jointly Owned Facilities

Note 5. Property, Plant and Equipment and Jointly-Owned Facilities

Information related to Property, Plant and Equipment as of December 31, 2011 and 2010 is detailed below:

	Power		PSE&G		Other		PSEG Consolidated
	Millions
2011
Generation:
Fossil Production	$	6,415	$	0	$	0	$	6,415
Nuclear Production		1,138		0		0		1,138
Nuclear Fuel in Service		774		0		0		774
Other Production-Solar		0		345		89		434
Construction Work in Progress		784		19		0		803
Total Generation		9,111		364		89		9,564
Transmission and Distribution:
Electric Transmission		0		2,441		0		2,441
Electric Distribution		0		6,522		0		6,522
Gas Transmission		0		91		0		91
Gas Distribution		0		4,858		0		4,858
Construction Work in Progress		0		546		0		546
Plant Held for Future Use		0		9		0		9
Other		0		386		0		386
Total Transmission and Distribution		0		14,853		0		14,853
Other		80		89		494		663
Total	$	9,191	$	15,306	$	583	$	25,080

	Power		PSE&G		Other		PSEG Consolidated
	Millions
2010
Generation:
Fossil Production	$	6,442	$	0	$	0	$	6,442
Nuclear Production		965		0		0		965
Nuclear Fuel in Service		717		0		0		717
Other Production-Solar		0		204		87		291
Construction Work in Progress		441		0		0		441
Total Generation		8,565		204		87		8,856
Transmission and Distribution:
Electric Transmission		0		2,148		0		2,148
Electric Distribution		0		6,208		0		6,208
Gas Transmission		0		91		0		91
Gas Distribution		0		4,684		0		4,684
Construction Work in Progress		0		211		0		211
Plant Held for Future Use		0		5		0		5
Other		0		389		0		389
Total Transmission and Distribution		0		13,736		0		13,736
Other		78		128		474		680
Total	$	8,643	$	14,068	$	561	$	23,272

As of December 31, 2011, we had accrued capital expenditures of $132 million and $204 million at Power and PSE&G, respectively. As of December 31, 2010, we had accrued capital expenditures of $111 million and $124 million at Power and PSE&G, respectively.

Power and PSE&G have ownership interests in and are responsible for providing their respective shares of the necessary financing for the following jointly-owned facilities. All amounts reflect the share of Power's and PSE&G's jointly-owned projects and the corresponding direct expenses are included in the Consolidated Statements of Operations as operating expenses.

	Ownership				Accumulated
December 31, 2011	Interest		Plant		Depreciation
			Millions
Power:
Coal Generating
Conemaugh		23%	$	289	$	126
Keystone		23%	$	381	$	117
Nuclear Generating
Peach Bottom		50%	$	559	$	171
Salem		57%	$	807	$	211
Nuclear Support Facilities		Various	$	171	$	27
Pumped Storage Facilities
Yards Creek		50%	$	34	$	23
Merrill Creek Reservoir		14%	$	1	$	0
PSE&G:
Transmission Facilities		Various	$	152	$	61
Linden SNG Plant		90%	$	5	$	5

	Ownership				Accumulated
December 31, 2010	Interest		Plant		Depreciation
			Millions
Power:
Coal Generating
Conemaugh		23%	$	254	$	122
Keystone		23%	$	376	$	107
Nuclear Generating
Peach Bottom		50%	$	399	$	149
Salem		57%	$	770	$	225
Nuclear Support Facilities		Various	$	135	$	21
Pumped Storage Facilities
Yards Creek		50%	$	32	$	22
Merrill Creek Reservoir		14%	$	1	$	0
PSE&G:
Transmission Facilities		Various	$	148	$	61
Linden SNG Plant		90%	$	5	$	5

Power holds undivided ownership interests in the jointly-owned facilities above, excluding related nuclear fuel and inventories. Power is entitled to shares of the generating capability and output of each unit equal to its respective ownership interests. Power also pays its ownership share of additional construction costs, fuel inventory purchases and operating expenses. Power's share of expenses for the jointly-owned facilities is included in the appropriate expense category. Each owner is responsible for any financing with respect to its pro rata share of capital expenditures.

Power co-owns Salem and Peach Bottom with Exelon Generation. Power is the operator of Salem and Exelon Generation is the operator of Peach Bottom. A committee appointed by the co-owners reviews/approves major planning, financing and budgetary (capital and operating) decisions.

GenOn Northeast Management Company is a co-owner and the operator for Keystone Generating Station and Conemaugh Generating Station. A committee appointed by all co-owners makes all planning, financing and budgetary (capital and operating) decisions.

Power is a co-owner in the Yards Creek Pumped Storage Generation Facility. Jersey Central Power & Light Company (JCP&L) is also a co-owner and the operator of this facility. JCP&L submits separate capital and Operations and Maintenance budgets, subject to the approval of Power.

Power is a minority owner in the Merrill Creek Reservoir and Environmental Preserve in Warren County, New Jersey. Merrill Creek Reservoir is the owner-operator of this facility. The operator submits separate capital and Operations and Maintenance budgets, subject to the approval of the non-operating owners.