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          <NonNumbericText>&lt;div&gt;&lt;!-- 2.0.3575.42361 --&gt;&lt;div&gt;&lt;!-- body --&gt;&lt;p class="MsoNormal" style="margin: 0in; margin-bottom: 8.0pt; font-size: 10.0pt; font-family: 'Times New Roman','serif'; margin-top: 8.0pt; margin-right: 0in; margin-left: 0in;"&gt;&lt;a name="_AUCe3e6849ab75f4dfc833840fefac4c41d"&gt;&lt;b&gt;&lt;font style="font-size: 12.0pt;" class="_mt"&gt;Note 17. Subsequent Events&lt;/font&gt;&lt;/b&gt;&lt;/a&gt;&lt;/p&gt; &lt;p class="MsoNormal" style="margin: 0in; margin-bottom: .0001pt; font-size: 10.0pt; font-family: 'Times New Roman','serif'; margin-right: 1.8pt; text-align: justify;"&gt;&lt;font class="_mt"&gt;&lt;a name="OLE_LINK22"&gt;&lt;/a&gt;&lt;a name="OLE_LINK13"&gt;&lt;font class="_mt"&gt;On October 1, 2009, Energy Holdings distributed the outstanding stock of PSEG Texas to PSEG. PSEG in turn contributed the stock to Power as an additional equity investment. Power has been responsible for the operation of the&lt;/font&gt;&lt;/a&gt; &lt;font class="_mt"&gt;&lt;font class="_mt"&gt;Texas&lt;font class="_mt"&gt;&lt;font class="_mt"&gt;facilities under a management agreement since January 2008. PSEG Texas had operating revenues of $297 million and net income of $21 million for the nine months ended September 30,&amp;nbsp;2009. As of September 30, 2009, PSEG Texas had total assets of $763 million.&lt;/font&gt;&lt;/font&gt;&lt;/font&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt; &lt;p class="MsoNormal" style="margin: 0in; margin-bottom: .0001pt; font-size: 10.0pt; font-family: 'Times New Roman','serif'; margin-right: 1.8pt; text-align: justify;"&gt;&lt;font class="_mt"&gt;&amp;nbsp;&lt;/font&gt;&lt;/p&gt; &lt;p class="MsoNormal" style="margin: 0in; margin-bottom: .0001pt; font-size: 10.0pt; font-family: 'Times New Roman','serif'; margin-right: 1.8pt; text-align: justify;"&gt;&lt;font class="_mt"&gt;Power&amp;#8217;s consolidated financial statements for any period subsequent to September 30, 2009 will include the earnings and assets and liabilities related to PSEG Texas, and will be restated to reflect such activity for any prior periods to be presented.&lt;/font&gt;&lt;/p&gt; &lt;p class="MsoNormal" style="margin: 0in; margin-bottom: .0001pt; font-size: 10.0pt; font-family: 'Times New Roman','serif'; margin-right: 1.8pt; text-align: justify;"&gt;&lt;font class="_mt"&gt;&amp;nbsp;&lt;/font&gt;&lt;/p&gt; &lt;p class="MsoNormal" style="margin: 0in; margin-bottom: .0001pt; font-size: 10.0pt; font-family: 'Times New Roman','serif'; margin-top: 8.0pt;"&gt;&lt;font class="_mt"&gt;Also on October 1, 2009, Power distributed to PSEG its $405 million receivable from Energy Holdings. PSEG then contributed such receivable to Energy Holdings to offset Energy Holdings&amp;#8217; payable to Power related to the debt exchange transaction&lt;/font&gt;&lt;/p&gt; &lt;!--EndFragment--&gt;&lt;!-- body --&gt;&lt;/div&gt;&lt;/div&gt;</NonNumbericText>
          <NonNumericTextHeader>Note 17. Subsequent Events On October 1, 2009, Energy Holdings distributed the outstanding stock of PSEG Texas to PSEG. PSEG in turn contributed the stock to</NonNumericTextHeader>
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