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, 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

Three Months Ended June 30, 2010
Total Operating Revenues	$	1,264		$	1,536		$	20	$	(459	)	$	2,361
Income (Loss) From Continuing Operations		202			3			12		5			222
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax		2			0			0		0			2
Net Income (Loss)		204			3			12		5			224
Segment Earnings (Loss)		204			3			12		5			224
Gross Additions to Long-Lived Assets		154			348			14		3			519

Six Month 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

Six Months Ended June 30, 2010
Total Operating Revenues	$	3,460		$	3,980		$	56	$	(1,562	)	$	5,934
Income (Loss) From Continuing Operations		573			121			19		7			720
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax		(5	)		0			0		0			(5	)
Net Income (Loss)		568			121			19		7			715
Preferred Securities Dividends		0			(1	)		0		1			0
Segment Earnings (Loss)		568			120			19		8			715
Gross Additions to Long-Lived Assets		328			530			49		4			911

As of June 30, 2011
Total Assets	$	10,517		$	16,697		$	2,205	$	(630	)	$	28,789
Investments in Equity Method Subsidiaries	$	29		$	0		$	112	$	0		$	141

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.

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, 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

Three Months Ended June 30, 2010
Total Operating Revenues	$	1,264		$	1,536		$	20	$	(459	)	$	2,361
Income (Loss) From Continuing Operations		202			3			12		5			222
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax		2			0			0		0			2
Net Income (Loss)		204			3			12		5			224
Segment Earnings (Loss)		204			3			12		5			224
Gross Additions to Long-Lived Assets		154			313			14		3			484

Six Month 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

Six Months Ended June 30, 2010
Total Operating Revenues	$	3,460		$	3,980		$	56	$	(1,562	)	$	5,934
Income (Loss) From Continuing Operations		573			121			19		7			720
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax		(5	)		0			0		0			(5	)
Net Income (Loss)		568			121			19		7			715
Preferred Securities Dividends		0			(1	)		0		1			0
Segment Earnings (Loss)		568			120			19		8			715
Gross Additions to Long-Lived Assets		328			530			49		4			911

As of June 30, 2011
Total Assets	$	10,517		$	16,697		$	2,205	$	(630	)	$	28,789
Investments in Equity Method Subsidiaries	$	29		$	0		$	112	$	0		$	141

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.

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, 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

Three Months Ended June 30, 2010
Total Operating Revenues	$	1,264		$	1,536		$	20	$	(459	)	$	2,361
Income (Loss) From Continuing Operations		202			3			12		5			222
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax		2			0			0		0			2
Net Income (Loss)		204			3			12		5			224
Segment Earnings (Loss)		204			3			12		5			224
Gross Additions to Long-Lived Assets		154			313			14		3			484

Six Month 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

Six Months Ended June 30, 2010
Total Operating Revenues	$	3,460		$	3,980		$	56	$	(1,562	)	$	5,934
Income (Loss) From Continuing Operations		573			121			19		7			720
Income (Loss) from Discontinued Operations, including Gain on Disposal, net of tax		(5	)		0			0		0			(5	)
Net Income (Loss)		568			121			19		7			715
Preferred Securities Dividends		0			(1	)		0		1			0
Segment Earnings (Loss)		568			120			19		8			715
Gross Additions to Long-Lived Assets		328			530			49		4			911

As of June 30, 2011
Total Assets	$	10,517		$	16,697		$	2,205	$	(630	)	$	28,789
Investments in Equity Method Subsidiaries	$	29		$	0		$	112	$	0		$	141

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.