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Long-Term Investments | 12 Months Ended
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Dec. 31, 2015
Long-Term Investments [Line Items] |
Long-Term Investments [Text Block] | Long-Term Investments Long-Term Investments as of December 31, 2015 and 2014 included the following:
|  |  | As of December 31, |
|  |  | 2015 |  | 2014 |
|  |  | Millions |
| PSE&G |  |  |  |  |
| Life Insurance and Supplemental Benefits |  | $ | 150 |  |  | $ | 156 |  |
| Solar Loans |  | 175 |  |  | 187 |  |
| Other Investments |  | 5 |  |  | 5 |  |
| Power |  |  |
| Partnerships and Corporate Joint Ventures (Equity Method Investments) (A) |  | 119 |  |  | 121 |  |
| Energy Holdings |  |  |  |  |
| Lease Investments |  | 784 |  |  | 836 |  |
| Partnerships and Corporate Joint Ventures (Equity Method Investments) (A) |  | — |  |  | 2 |  |
| Total Long-Term Investments |  | $ | 1,233 |  |  | $ | 1,307 |  |
(A) | During the three years ended December 31, 2015, 2014 and 2013, the amount of dividends from these investments was $16 million, $17 million and $11 million, respectively.
Leases Energy Holdings has investments in domestic energy and real estate assets subject primarily to leveraged lease accounting. A leveraged lease is typically comprised of an investment by an equity investor and debt provided by a third party debt investor. The debt is recourse only to the assets subject to lease and is not included on PSEG’s Consolidated Balance Sheets. As an equity investor, Energy Holdings’ equity investments in the leases are comprised of the total expected lease receivables over the lease terms plus the estimated residual values at the end of the lease terms, reduced for any income not yet earned on the leases. This amount is included in Long-Term Investments on PSEG’s Consolidated Balance Sheets. The more rapid depreciation of the leased property for tax purposes creates tax cash flow that will be repaid to the taxing authority in later periods. As such, the liability for such taxes due is recorded in Deferred Income Taxes on PSEG’s Consolidated Balance Sheets. The following table shows Energy Holdings’ gross and net lease investment as of December 31, 2015 and 2014, respectively.
|  |  | As of December 31, |
|  |  | 2015 |  | 2014 |
|  |  | Millions |
| Lease Receivables (net of Non-Recourse Debt) |  | $ | 631 |  |  | $ | 691 |  |
| Estimated Residual Value of Leased Assets |  | 519 |  |  | 525 |  |
| Total Investment in Rental Receivables |  | 1,150 |  |  | 1,216 |  |
| Unearned and Deferred Income |  | (366 | ) |  | (380 | ) |
| Gross Investments in Leases |  | 784 |  |  | 836 |  |
| Deferred Tax Liabilities |  | (724 | ) |  | (738 | ) |
| Net Investments in Leases |  | $ | 60 |  |  | $ | 98 |  |
The pre-tax income and income tax effects, excluding gains and losses on sales, related to investments in leases were as follows:
|  |  | Years Ended December 31, |
|  |  | 2015 |  | 2014 |  | 2013 |
|  |  | Millions |
| Pre-Tax Income (Loss) from Leases |  | $ | 12 |  |  | $ | 24 |  |  | $ | 11 |  |
| Income Tax Expense (Benefit) on Pre-Tax Income from Leases |  | $ | 5 |  |  | $ | 32 |  |  | $ | 6 |  |
Equity Method Investments Power had the following equity method investments as of December 31, 2015:
| Name | As of December 31, 2015 |  | Location |  | % Owned |
|  | Millions |  |  |  |  |
| Power |  |  |  |  |  |
| Keystone Fuels, LLC | $ | 16 |  |  | PA |  | 23% |
| Conemaugh Fuels, LLC | $ | 14 |  |  | PA |  | 23% |
| PennEast Pipeline | $ | 5 |  |  | PA |  | 12% |
| Kalaeloa | $ | 84 |  |  | HI |  | 50% |
PSE&G [Member] |
Long-Term Investments [Line Items] |
Long-Term Investments [Text Block] | Long-Term Investments Long-Term Investments as of December 31, 2015 and 2014 included the following:
|  |  | As of December 31, |
|  |  | 2015 |  | 2014 |
|  |  | Millions |
| PSE&G |  |  |  |  |
| Life Insurance and Supplemental Benefits |  | $ | 150 |  |  | $ | 156 |  |
| Solar Loans |  | 175 |  |  | 187 |  |
| Other Investments |  | 5 |  |  | 5 |  |
| Power |  |  |
| Partnerships and Corporate Joint Ventures (Equity Method Investments) (A) |  | 119 |  |  | 121 |  |
| Energy Holdings |  |  |  |  |
| Lease Investments |  | 784 |  |  | 836 |  |
| Partnerships and Corporate Joint Ventures (Equity Method Investments) (A) |  | — |  |  | 2 |  |
| Total Long-Term Investments |  | $ | 1,233 |  |  | $ | 1,307 |  |
(A) | During the three years ended December 31, 2015, 2014 and 2013, the amount of dividends from these investments was $16 million, $17 million and $11 million, respectively.
Leases Energy Holdings has investments in domestic energy and real estate assets subject primarily to leveraged lease accounting. A leveraged lease is typically comprised of an investment by an equity investor and debt provided by a third party debt investor. The debt is recourse only to the assets subject to lease and is not included on PSEG’s Consolidated Balance Sheets. As an equity investor, Energy Holdings’ equity investments in the leases are comprised of the total expected lease receivables over the lease terms plus the estimated residual values at the end of the lease terms, reduced for any income not yet earned on the leases. This amount is included in Long-Term Investments on PSEG’s Consolidated Balance Sheets. The more rapid depreciation of the leased property for tax purposes creates tax cash flow that will be repaid to the taxing authority in later periods. As such, the liability for such taxes due is recorded in Deferred Income Taxes on PSEG’s Consolidated Balance Sheets. The following table shows Energy Holdings’ gross and net lease investment as of December 31, 2015 and 2014, respectively.
|  |  | As of December 31, |
|  |  | 2015 |  | 2014 |
|  |  | Millions |
| Lease Receivables (net of Non-Recourse Debt) |  | $ | 631 |  |  | $ | 691 |  |
| Estimated Residual Value of Leased Assets |  | 519 |  |  | 525 |  |
| Total Investment in Rental Receivables |  | 1,150 |  |  | 1,216 |  |
| Unearned and Deferred Income |  | (366 | ) |  | (380 | ) |
| Gross Investments in Leases |  | 784 |  |  | 836 |  |
| Deferred Tax Liabilities |  | (724 | ) |  | (738 | ) |
| Net Investments in Leases |  | $ | 60 |  |  | $ | 98 |  |
The pre-tax income and income tax effects, excluding gains and losses on sales, related to investments in leases were as follows:
|  |  | Years Ended December 31, |
|  |  | 2015 |  | 2014 |  | 2013 |
|  |  | Millions |
| Pre-Tax Income (Loss) from Leases |  | $ | 12 |  |  | $ | 24 |  |  | $ | 11 |  |
| Income Tax Expense (Benefit) on Pre-Tax Income from Leases |  | $ | 5 |  |  | $ | 32 |  |  | $ | 6 |  |
Equity Method Investments Power had the following equity method investments as of December 31, 2015:
| Name | As of December 31, 2015 |  | Location |  | % Owned |
|  | Millions |  |  |  |  |
| Power |  |  |  |  |  |
| Keystone Fuels, LLC | $ | 16 |  |  | PA |  | 23% |
| Conemaugh Fuels, LLC | $ | 14 |  |  | PA |  | 23% |
| PennEast Pipeline | $ | 5 |  |  | PA |  | 12% |
| Kalaeloa | $ | 84 |  |  | HI |  | 50% |
Power [Member] |
Long-Term Investments [Line Items] |
Long-Term Investments [Text Block] | Long-Term Investments Long-Term Investments as of December 31, 2015 and 2014 included the following:
|  |  | As of December 31, |
|  |  | 2015 |  | 2014 |
|  |  | Millions |
| PSE&G |  |  |  |  |
| Life Insurance and Supplemental Benefits |  | $ | 150 |  |  | $ | 156 |  |
| Solar Loans |  | 175 |  |  | 187 |  |
| Other Investments |  | 5 |  |  | 5 |  |
| Power |  |  |
| Partnerships and Corporate Joint Ventures (Equity Method Investments) (A) |  | 119 |  |  | 121 |  |
| Energy Holdings |  |  |  |  |
| Lease Investments |  | 784 |  |  | 836 |  |
| Partnerships and Corporate Joint Ventures (Equity Method Investments) (A) |  | — |  |  | 2 |  |
| Total Long-Term Investments |  | $ | 1,233 |  |  | $ | 1,307 |  |
(A) | During the three years ended December 31, 2015, 2014 and 2013, the amount of dividends from these investments was $16 million, $17 million and $11 million, respectively.
Leases Energy Holdings has investments in domestic energy and real estate assets subject primarily to leveraged lease accounting. A leveraged lease is typically comprised of an investment by an equity investor and debt provided by a third party debt investor. The debt is recourse only to the assets subject to lease and is not included on PSEG’s Consolidated Balance Sheets. As an equity investor, Energy Holdings’ equity investments in the leases are comprised of the total expected lease receivables over the lease terms plus the estimated residual values at the end of the lease terms, reduced for any income not yet earned on the leases. This amount is included in Long-Term Investments on PSEG’s Consolidated Balance Sheets. The more rapid depreciation of the leased property for tax purposes creates tax cash flow that will be repaid to the taxing authority in later periods. As such, the liability for such taxes due is recorded in Deferred Income Taxes on PSEG’s Consolidated Balance Sheets. The following table shows Energy Holdings’ gross and net lease investment as of December 31, 2015 and 2014, respectively.
|  |  | As of December 31, |
|  |  | 2015 |  | 2014 |
|  |  | Millions |
| Lease Receivables (net of Non-Recourse Debt) |  | $ | 631 |  |  | $ | 691 |  |
| Estimated Residual Value of Leased Assets |  | 519 |  |  | 525 |  |
| Total Investment in Rental Receivables |  | 1,150 |  |  | 1,216 |  |
| Unearned and Deferred Income |  | (366 | ) |  | (380 | ) |
| Gross Investments in Leases |  | 784 |  |  | 836 |  |
| Deferred Tax Liabilities |  | (724 | ) |  | (738 | ) |
| Net Investments in Leases |  | $ | 60 |  |  | $ | 98 |  |
The pre-tax income and income tax effects, excluding gains and losses on sales, related to investments in leases were as follows:
|  |  | Years Ended December 31, |
|  |  | 2015 |  | 2014 |  | 2013 |
|  |  | Millions |
| Pre-Tax Income (Loss) from Leases |  | $ | 12 |  |  | $ | 24 |  |  | $ | 11 |  |
| Income Tax Expense (Benefit) on Pre-Tax Income from Leases |  | $ | 5 |  |  | $ | 32 |  |  | $ | 6 |  |
Equity Method Investments Power had the following equity method investments as of December 31, 2015:
| Name | As of December 31, 2015 |  | Location |  | % Owned |
|  | Millions |  |  |  |  |
| Power |  |  |  |  |  |
| Keystone Fuels, LLC | $ | 16 |  |  | PA |  | 23% |
| Conemaugh Fuels, LLC | $ | 14 |  |  | PA |  | 23% |
| PennEast Pipeline | $ | 5 |  |  | PA |  | 12% |
| Kalaeloa | $ | 84 |  |  | HI |  | 50% |

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- Definition The entire disclosure for investment holdings. This includes the long positions of investments for the entity. It contains investments in affiliated and unaffiliated issuers. The investments include securities and non securities (i.e. commodities and futures contracts). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -Section S99 -Paragraph 4 -Subparagraph (SX 210.12-12C) -URI http://asc.fasb.org/extlink&oid=50485924&loc=d3e611225-123010 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -Section S99 -Paragraph 6 -Subparagraph (SX 210.12-14) -URI http://asc.fasb.org/extlink&oid=50485924&loc=d3e611322-123010 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -Section S99 -Paragraph 5 -Subparagraph (SX 210.12-13) -URI http://asc.fasb.org/extlink&oid=50485924&loc=d3e611282-123010 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-12) -URI http://asc.fasb.org/extlink&oid=50485924&loc=d3e611133-123010 + Details
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