Financial Information By Business Segments

6 Months Ended

Jun. 30, 2012

Financial Information By Business Segments

Note 16. Financial Information by Business Segments

	Power		PSE&G		Energy Holdings		Other (A)			Consolidated
	Millions
Three Months Ended June 30, 2012
Total Operating Revenues	$	985	$	1,407	$	14	$	(308	)	$	2,098
Income (Loss) From Continuing Operations		104		101		2		4			211
Net Income (Loss)		104		101		2		4			211
Segment Earnings (Loss)		104		101		2		4			211
Gross Additions to Long-Lived Assets		107		435		44		7			593
Three Months Ended June 30, 2011
Total Operating Revenues	$	1,285	$	1,571	$	21	$	(408	)	$	2,469
Income (Loss) From Continuing Operations		205		105		5		5			320
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax		3		0		0		0			3
Net Income (Loss)		208		105		5		5			323
Segment Earnings (Loss)		208		105		5		5			323
Gross Additions to Long-Lived Assets		168		335		0		2			505
Six Months Ended June 30, 2012
Total Operating Revenues	$	2,546	$	3,346	$	34	$	(953	)	$	4,973
Income (Loss) From Continuing Operations		357		298		42		7			704
Net Income (Loss)		357		298		42		7			704
Segment Earnings (Loss)		357		298		42		7			704
Gross Additions to Long-Lived Assets		344		870		55		11			1,280
Six Months Ended June 30, 2011
Total Operating Revenues	$	3,252	$	3,877	$	41	$	(1,347	)	$	5,823
Income (Loss) From Continuing Operations		502		268		2		10			782
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax		67		0		0		0			67
Net Income (Loss)		569		268		2		10			849
Segment Earnings (Loss)		569		268		2		10			849
Gross Additions to Long-Lived Assets		323		674		1		4			1,002
As of June 30, 2012
Total Assets	$	10,749	$	17,863	$	1,953	$	(423	)	$	30,142
Investments in Equity Method Subsidiaries	$	41	$	0	$	103	$	0		$	144
As of December 31, 2011
Total Assets	$	11,087	$	17,487	$	1,888	$	(641	)	$	29,821
Investments in Equity Method Subsidiaries	$	31	$	0	$	106	$	0		$	137

(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 June 30, 2012
Total Operating Revenues	$	985	$	1,407	$	14	$	(308	)	$	2,098
Income (Loss) From Continuing Operations		104		101		2		4			211
Net Income (Loss)		104		101		2		4			211
Segment Earnings (Loss)		104		101		2		4			211
Gross Additions to Long-Lived Assets		107		435		44		7			593
Three Months Ended June 30, 2011
Total Operating Revenues	$	1,285	$	1,571	$	21	$	(408	)	$	2,469
Income (Loss) From Continuing Operations		205		105		5		5			320
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax		3		0		0		0			3
Net Income (Loss)		208		105		5		5			323
Segment Earnings (Loss)		208		105		5		5			323
Gross Additions to Long-Lived Assets		168		335		0		2			505
Six Months Ended June 30, 2012
Total Operating Revenues	$	2,546	$	3,346	$	34	$	(953	)	$	4,973
Income (Loss) From Continuing Operations		357		298		42		7			704
Net Income (Loss)		357		298		42		7			704
Segment Earnings (Loss)		357		298		42		7			704
Gross Additions to Long-Lived Assets		344		870		55		11			1,280
Six Months Ended June 30, 2011
Total Operating Revenues	$	3,252	$	3,877	$	41	$	(1,347	)	$	5,823
Income (Loss) From Continuing Operations		502		268		2		10			782
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax		67		0		0		0			67
Net Income (Loss)		569		268		2		10			849
Segment Earnings (Loss)		569		268		2		10			849
Gross Additions to Long-Lived Assets		323		674		1		4			1,002
As of June 30, 2012
Total Assets	$	10,749	$	17,863	$	1,953	$	(423	)	$	30,142
Investments in Equity Method Subsidiaries	$	41	$	0	$	103	$	0		$	144
As of December 31, 2011
Total Assets	$	11,087	$	17,487	$	1,888	$	(641	)	$	29,821
Investments in Equity Method Subsidiaries	$	31	$	0	$	106	$	0		$	137

(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 And 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 June 30, 2012
Total Operating Revenues	$	985	$	1,407	$	14	$	(308	)	$	2,098
Income (Loss) From Continuing Operations		104		101		2		4			211
Net Income (Loss)		104		101		2		4			211
Segment Earnings (Loss)		104		101		2		4			211
Gross Additions to Long-Lived Assets		107		435		44		7			593
Three Months Ended June 30, 2011
Total Operating Revenues	$	1,285	$	1,571	$	21	$	(408	)	$	2,469
Income (Loss) From Continuing Operations		205		105		5		5			320
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax		3		0		0		0			3
Net Income (Loss)		208		105		5		5			323
Segment Earnings (Loss)		208		105		5		5			323
Gross Additions to Long-Lived Assets		168		335		0		2			505
Six Months Ended June 30, 2012
Total Operating Revenues	$	2,546	$	3,346	$	34	$	(953	)	$	4,973
Income (Loss) From Continuing Operations		357		298		42		7			704
Net Income (Loss)		357		298		42		7			704
Segment Earnings (Loss)		357		298		42		7			704
Gross Additions to Long-Lived Assets		344		870		55		11			1,280
Six Months Ended June 30, 2011
Total Operating Revenues	$	3,252	$	3,877	$	41	$	(1,347	)	$	5,823
Income (Loss) From Continuing Operations		502		268		2		10			782
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax		67		0		0		0			67
Net Income (Loss)		569		268		2		10			849
Segment Earnings (Loss)		569		268		2		10			849
Gross Additions to Long-Lived Assets		323		674		1		4			1,002
As of June 30, 2012
Total Assets	$	10,749	$	17,863	$	1,953	$	(423	)	$	30,142
Investments in Equity Method Subsidiaries	$	41	$	0	$	103	$	0		$	144
As of December 31, 2011
Total Assets	$	11,087	$	17,487	$	1,888	$	(641	)	$	29,821
Investments in Equity Method Subsidiaries	$	31	$	0	$	106	$	0		$	137

(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.