Long-Term Investments (Tables)

12 Months Ended

Dec. 31, 2021

Long-term Investments [Abstract]

Schedule of Long Term Investments

Long-Term Investments as of December 31, 2021 and 2020 included the following:

	As of December 31,
	2021		2020
	Millions
PSE&G
Life Insurance and Supplemental Benefits	$	89	$	100
Solar Loans	92		122
Other
Lease Investments	187		250
Equity Method Investments	173		64
Total Long-Term Investments	$	541	$	536

(A)During the three years ended December 31, 2021, 2020 and 2019, dividends from these investments were $17 million, $15 million and $15 million, respectively.

Schedule Of Net Investment In Leveraged Leases

The following table shows Energy Holdings’ gross and net lease investment as of December 31, 2021 and 2020.

	As of December 31,
	2021		2020
	Millions
Lease Receivables (net of Non-Recourse Debt)	$	274	$	299
Estimated Residual Value of Leased Assets	—		55
Total Investment in Rental Receivables	274		354
Unearned and Deferred Income	(87)		(104)
Gross Investments in Leases	187		250
Deferred Tax Liabilities	(42)		(64)
Net Investments in Leases	$	145	$	186

Schedule Of Pre-Tax Income And Income Tax Effects Related To Investments In Leveraged Leases

The pre-tax income (loss) and income tax effects related to investments in leases, excluding gains and losses on sales and the impacts of the Tax Act, were as follows:

	Years Ended December 31,
	2021		2020		2019
	Millions
Pre-Tax Income (Loss) from Leases	$	13	$	18	$	(39)
Income Tax Expense (Benefit) on Income (Loss) from Leases	$	3	$	2	$	(22)