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Available-For-Sale Securities (Tables)
9 Months Ended12 Months Ended
Sep. 30, 2011
Dec. 31, 2010
Available For Sale Securities [Line Items]  
Fair Values And Gross Unrealized Gains And Losses For The Securities Held In The NDT Funds
                                 
    

As of September 30, 2011

 
    

Cost

    

Gross

Unrealized

Gains

    

Gross

Unrealized

Losses

   

Estimated

Fair

Value

 
     Millions  
Equity Securities    $ 537       $ 93       $ (55   $ 575   
    

 

 

    

 

 

    

 

 

   

 

 

 
Debt Securities                                   

Government Obligations

     340         16         (1     355   

Other Debt Securities

     273         14         (3     284   
    

 

 

    

 

 

    

 

 

   

 

 

 
Total Debt Securities      613         30         (4     639   
Other Securities      66         0         0        66   
    

 

 

    

 

 

    

 

 

   

 

 

 
Total Available-for-Sale Securities    $ 1,216       $ 123       $ (59   $ 1,280   
    

 

 

    

 

 

    

 

 

   

 

 

 
                                 
    

As of December 31, 2010

 
    

Cost

    

Gross

Unrealized

Gains

    

Gross

Unrealized

Losses

   

Estimated

Fair

Value

 
     Millions  

Equity Securities

   $ 525       $ 213       $ (3   $ 735   
    

 

 

    

 

 

    

 

 

   

 

 

 

Debt Securities

                                  

Government Obligations

     301         6         (4     303   

Other Debt Securities

     247         10         (2     255   
    

 

 

    

 

 

    

 

 

   

 

 

 

Total Debt Securities

     548         16         (6     558   

Other Securities

     70         0         0        70   
    

 

 

    

 

 

    

 

 

   

 

 

 

Total Available-for-Sale Securities

   $ 1,143       $ 229       $ (9   $ 1,363   
    

 

 

    

 

 

    

 

 

   

 

 

 
Accounts Receivable And Accounts Payable Related To NDT Fund
                 
     As of
September 30,
     As of
December 31,
 
    

2011

    

2010

 
     Millions  

Accounts Receivable

   $ 100       $ 35   

Accounts Payable

   $ 95       $ 60   
 
Value Of Securities That Have Been In An Unrealized Loss Position For Less Than And Greater Than 12 Months
    As of September 30, 2011     As of December 31, 2010  
    Less Than 12
Months
    Greater Than 12
Months
    Less Than 12
Months
    Greater Than 12
Months
 
   

Fair

Value

   

Gross

Unrealized

Losses

   

Fair

Value

   

Gross

Unrealized

Losses

   

Fair

Value

   

Gross

Unrealized

Losses

   

Fair

Value

   

Gross

Unrealized

Losses

 
    Millions  

Equity Securities (A)

  $ 252      $ (55   $ 0      $ 0      $ 55      $ (3   $ 0      $ 0   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Debt Securities

               

Government Obligations (B)

    72        (1     2        0        106        (4     1        0   

Other Debt Securities (C)

    65        (2     6        (1     65        (1     8        (1
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Debt Securities

    137        (3     8        (1     171        (5     9        (1
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Other Securities

    1        0        0        0        0        0        0        0   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Available-for-Sale Securities

  $ 390      $ (58   $ 8      $ (1   $ 226      $ (8   $ 9      $ (1
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

(A) Equity Securities—Investments in marketable equity securities within the NDT funds are primarily investments in common stocks within a broad range of industries and sectors. The unrealized losses are distributed over hundreds of companies with limited impairment durations. Power does not consider these securities to be other-than-temporarily impaired as of September 30, 2011.

 

(B) Debt Securities (Government)—Unrealized losses on Power's NDT investments in United States Treasury obligations and Federal Agency mortgage-backed securities were caused by interest rate changes. Since these investments are guaranteed by the United States government or an agency of the United States government, it is not expected that these securities will settle for less than their amortized cost basis, since Power does not intend to sell nor will it be more-likely-than-not required to sell. Power does not consider these securities to be other-than-temporarily impaired as of September 30, 2011.

 

(C) Debt Securities (Corporate)—Power's investments in corporate bonds are primarily in investment grade securities. It is not expected that these securities would settle for less than their amortized cost. Since Power does not intend to sell these securities nor will it be more-likely-than-not required to sell, Power does not consider these debt securities to be other-than-temporarily impaired as of September 30, 2011.
 
Proceeds From The Sales Of And The Net Realized Gains On Securities In The NDT Funds
                                 
     Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
    

2011

   

2010

   

2011

   

2010

 
     Millions     Millions  

Proceeds from Sales

   $ 431      $ 302      $ 1,088      $ 728   
    

 

 

   

 

 

   

 

 

   

 

 

 

Net Realized Gains (Losses)

                                

Gross Realized Gains

   $ 26      $ 26      $ 121      $ 86   

Gross Realized Losses

     (10     (8     (28     (31
    

 

 

   

 

 

   

 

 

   

 

 

 

Net Realized Gains

   $ 16      $ 18      $ 93      $ 55   
    

 

 

   

 

 

   

 

 

   

 

 

 
 
Amount Of Available-For-Sale Debt Securities By Maturity Periods
         

Time Frame

  

Fair Value

 
     Millions  

Less than 1 Year

   $ 11   

1 - 5 Years

     141   

6 - 10 Years

     172   

11 - 15 Years

     43   

16 - 20 Years

     18   

Over 20 Years

     254   
    

 

 

 
     $ 639   
    

 

 

 
 
Securities Held In The Rabbi Trusts

 

     As of September 30, 2011  
    

Cost

    

Gross

Unrealized

Gains

    

Gross

Unrealized

Losses

    

Estimated

Fair

Value

 
     Millions  

Equity Securities

   $ 16       $ 2       $ 0       $ 18   

Debt Securities

     147         5         0         152   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total PSEG Available-for-Sale Securities

   $ 163       $ 7       $ 0       $ 170   

     As of December 31, 2010  
    

Cost

    

Gross

Unrealized

Gains

    

Gross

Unrealized

Losses

    

Estimated

Fair

Value

 
     Millions  

Equity Securities

   $ 16       $ 2       $ 0       $ 18   

Debt Securities

     142         0         0         142   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total PSEG Available-for-Sale Securities

   $ 158       $ 2       $ 0       $ 160   
  

 

 

    

 

 

    

 

 

    

 

 

 
Rabbi Trusts [Member]
  
Available For Sale Securities [Line Items]  
Proceeds From The Sales Of And The Net Realized Gains On Securities In The NDT Funds
                                 
     Three Months Ended
September 30,
     Nine Months Ended
September 30,
 
    

2011

    

2010

    

2011

    

2010

 
     Millions      Millions  

Proceeds from Sales

   $ 0       $ 158       $ 0       $ 158   
    

 

 

    

 

 

    

 

 

    

 

 

 

Net Realized Gains (Losses)

                                   

Gross Realized Gains

   $ 0       $ 31       $ 0       $ 31   

Gross Realized Losses

     0         0         0         0   
    

 

 

    

 

 

    

 

 

    

 

 

 

Net Realized Gains (Losses)

   $ 0       $ 31       $ 0       $ 31   
    

 

 

    

 

 

    

 

 

    

 

 

 
 
Fair Value Of The Rabbi Trusts
                 
    

As of

September 30,

2011

    

As of

December 31,

2010

 
     Millions  

Power

   $ 33       $ 32   

PSE&G

     57         54   

Other

     80         74   
    

 

 

    

 

 

 

Total PSEG Available-for-Sale Securities

   $ 170       $ 160