Attachment 7A Page 1 of 3

Transcription

1 Attachment 7A Page 1 of 3 $ (In Thousands) Dec 31, 2015 Dec 31, 2016 Dec 31, 2017 Assets and Other Debits Utility Plant Electric Utility Plant 101 Electric Utility Plant in Service $ 13,747,438 $ 15,540,571 $ 16,899, Electric Experimental Plant Unclassified Electric Utility Plant Held for Future Use 26,136 19,257 19, Electric Completed Construction not classified- Electric 2,221,543 2,455,615 2,872, Electric Construction Work in Progress 1,432,943 1,423,604 1,588,835 Total Electric Utility Plant 17,428,059 19,439,047 21,380,534 Gas Utility Plant 101 Gas Utility Plant in Service 6,109,770 6,624,762 7,307, Gas Experimental Plant Unclassified Gas Utility Plant Held for Future Use Gas Completed Construction not classified 9,391 9,974 42, Gas Construction Work in Progress 6,852 17,013 14,301 Total Gas Utility Plant 6,126,017 6,651,845 7,364,673 Common Utility Plant 101 Common Utility Plant in Service 268, , , Common Completed Construction not classified 7,312 8,310 6, Common Construction Work in Progress 7,273 48, ,071 Total Common Utility Plant 283, , ,087 Total Utility Plant 23,837,523 26,445,887 29,210,294 Accumulated Provisions for Depreciation and Amortization of Electric Utility Plant 108 & 111 Electric Utility Plant in Service (3,153,541) (3,315,603) (3,576,611) Electric Utility Plant Held for Future Use Total Electric Utility Plant (3,153,541) (3,315,603) (3,576,611) Gas Utility Plant 108 & 111 Gas Utility Plant in Service (2,200,460) (2,227,924) (2,259,642) Common Utility Plant 108 & 111 Common Utility Plant in Service (109,963) (119,612) (144,439) Total Accumulated Provisions for Depreciation and Amortization of Utility Plant (5,463,964) (5,663,139) (5,980,693) Net Utility Plant Excluding Nuclear Fuel 18,373,559 20,782,748 23,229,602 Nuclear Fuel In Process Materials and Assemblies Stock In Reactor Spent Accumulated Provisions for Amortization Nuclear Fuel Net Nuclear Fuel Net Utility Plant 18,373,559 20,782,748 23,229,602 Other Property and Investments 121 Nonutility Property 3,003 3,079 3, Accumulated Provision for Depreciation & Amortization of Nonutility Property (573) (600) (628) 123 & Investments in Associated & Subsidiary Companies 66,448 66,709 50, Other Investments 325, , , Special Funds 49,376 42,956 45, Long-Term Portion of Derivative Assets Total Other Property and Investments 443, , ,341

2 Attachment 7A Page 2 of 3 $ (In Thousands) Dec 31, 2015 Dec 31, 2016 Dec 31, 2017 Current and Accrued Assets Dec 31, 2015 Dec 31, 2016 Dec 31, Cash $ 12,248 $ 19,831 $ 13, Special Deposits 1,080 2,742 2, Working Funds Temporary Cash Investments 160, , , Notes and Accounts Receivable 853, , , Accumulated Provision for Uncollectible Accounts - Credit (67,116) (67,619) (59,315) Receivables from Associated Companies 367, ,259 16, Materials and Supplies (incl. 163) 147, , , Allowances Gas Stored Underground - Current Prepayments 31,189 8,281 43, Interest and Dividends Receivable Rents Receivable 6,223 7,803 7, Accrued Utility Revenues 197, , , Miscellaneous Current and Accrued 5,959 3,386 2, Current Portion of Derivative Instrument Assets 13, Total Current and Accrued Assets 1,729,369 1,827,193 1,677,360 Deferred Debits 181 Unamortized Debt Expense 40,728 44,819 46, Unrec'd Plt and Reg Costs and Other Reg Assets 3,382,881 3,530,993 3,441, Preliminary Survey and Investigation Charges 9,282 12,785 12, Clearing Accounts Temporary Facilities Miscellaneous Deferred Debits 36,016 41,909 46, Research and Development Expenditures Unamortized Loss on Reacquired Debt 66,775 61,094 54, Accumulated Deferred Income Taxes 199, , ,270 Total Deferred Debits 3,736,056 3,910,761 4,571,733 Total Assets and Other Debits $ 24,282,776 $ 26,931,402 $ 29,858,036

3 Attachment 7A Page 3 of 3 $ (In Thousands) Dec 31, 2015 Dec 31, 2016 Dec 31, 2017 Liabilities and Other Credits Proprietary Capital 201 Common Stock Issued $ 892,260 $ 892,260 $ 892, Preferred Stock Issued Premium on Capital Stock Donations from Stockholders 1,680,903 1,930,903 2,080, Gain on Resale or Cancellation of Reaquired Capital Stock Miscellaneous Paid-In Capital Appropriated Retained Earnings Unappropriated Retained Earnings 5,051,140 5,947,221 6,929, Unappropriated Undistributed Subsidiary Earnings 3,475 3, Other Comprehensive Income 1, Total Proprietary Capital 7,629,005 8,774,389 9,903,935 Long-Term Debt Bonds 6,879,626 7,883,381 8,658, Advances from Assoc. Co Unamortized Premium on Long-Term Debt Unamortized Discount on Long-Term Debt (17,767) (20,683) (20,576) Total Long-Term Debt 6,861,859 7,862,697 8,637,805 Other Non-Current Liabilities Other Non-current Liabilities 1,168,046 1,292,025 1,360, Long-Term Portion of Derivitive Instrument Liablilities 11, Asset Retirement Obligation 218, , ,036 Total Other Non-Current Liabilities 1,397,453 1,504,739 1,572,931 Current and Accrued Liabilities 231 Notes Payable 152, Accounts Payable 723, , , Payables to Associated Companies 398, , , Customer Deposits 96,464 93,992 91, Taxes Accrued 3,663 3,226 4, Interest Accrued 90,336 96, , Dividends Declared Matured Long-Term Debt Tax Collections Payable 2, , Miscellaneous Current and Accrued Liabilities 431, , , Obligations Under Capital leases Current Portion of Derivative Instrument Liabilities - 5,447 - Total Current and Accrued Liabilities 1,900,492 1,712,013 1,693,395 Deferred Credits 252 Customer Advances for Construction 48,855 48,815 45, Other Deferred Credits 427, , , Other Regulatory Liabilities 392, ,646 3,132, Accumulated Deferred Investment Tax Credits 152, , , Accumulated Deferred Income Taxes 5,473,322 6,132,397 4,364,192 Total Deferred Credits 6,493,966 7,077,565 8,049,970 Total Liabilities and Other Credits $ 24,282,776 $ 26,931,402 $ 29,858,036

4 Attachment 7B Page 1 of 1 INCOME ACCOUNT YTD 2017 * YTD 2016 * YTD 2015 * '($000) '($000) '($000) 400 Electric Operating Revenues 3,085,710 3,372,834 3,675,534 Electric Operating Expenses: 401 Operation Expense 2,125,656 2,429,564 2,655, Maintenance Expense 118, , , Depreciation Expense 253, , , Amortization of Limited Term Plant 8,949 7,498 6, Amortization of Property Losses 24,343 4, , Taxes Other Than Income Taxes 23,616 23,462 24, Income Taxes - Federal 40,451 75, , Provision for Deferred Income Taxes 362, , , Provision for Deferred Income Taxes - Credit (250,108) (256,626) (372,517) Accretion Expense-Electric Investment Tax Credit Adjustments (Net) (14,243) 1,203 5,071 Total Electric Utility Operating Expenses 2,694,000 2,960,926 3,302,224 Electric Utility Operating Income $ 391,710 $ 411,908 $ 373,310 * Electric Distribution only YTD 2017 YTD 2016 YTD Gas Operating Revenues 1,747,800 1,637,774 1,674,924 Gas Operating Expenses: 401 Operation Expense 1,161,006 1,101,538 1,149, Maintenance Expense 39,103 39,605 36, Depreciation Expense 134, , , Amortization of Limited Term Plant 7,176 6,330 6, Amortization of Property Losses 29,385 25,751 25, Amortization of Excess cost of removal 0 (13,200) (13,200) Taxes Other Than Income Taxes 18,038 18,556 19, Income Taxes - Federal (81,297) (78,656) (10,177) Provision for Deferred Income Taxes 323, , , Provision for Deferred Income Taxes - Cr (137,358) (78,156) (102,659) Investment Tax Credit Adjustments (Net) 3,869 (1,268) (1,269) Total Gas Utility Operating Expenses 1,498,443 1,414,592 1,434,398 Gas Utility Operating Income $ 249,357 $ 223,181 $ 240,525

5 Attachment 7C Page 1 of 3 Assets and Other Debits Utility Plant $ (In Thousands) June 30, 2018 Electric Utility Plant 101 Electric Utility Plant in Service $ 17,617, Electric Experimental Plant Unclassified Electric Utility Plant Held for Future Use 18, Electric Completed Construction not classified- Electric 3,608, Electric Construction Work in Progress 993,066 Total Electric Utility Plant 22,237,405 Gas Utility Plant 101 Gas Utility Plant in Service $ 7,648, Gas Experimental Plant Unclassified Gas Utility Plant Held for Future Use Gas Completed Construction not classified 76, Gas Construction Work in Progress 8,340 Total Gas Utility Plant 7,733,184 Common Utility Plant 101 Common Utility Plant in Service $ 510, Common Completed Construction not classified 3, Common Construction Work in Progress 1,104 Total Common Utility Plant 515,709 Total Utility Plant 30,486,297 Accumulated Provisions for Depreciation and Amortization of Electric Utility Plant 108 & 111 Electric Utility Plant in Service (3,622,878) Electric Utility Plant Held for Future Use - Total Electric Utility Plant (3,622,878) Gas Utility Plant 108 & 111 Gas Utility Plant in Service (2,272,045) Common Utility Plant 108 & 111 Common Utility Plant in Service (160,779) Total Accumulated Provisions for Depreciation and Amortization of Utility Plant (6,055,702) Net Utility Plant Excluding Nuclear Fuel 24,430,596 Nuclear Fuel In Process Materials and Assemblies Stock In Reactor Spent - Accumulated Provisions for Amortization Nuclear Fuel - Net Nuclear Fuel - Net Utility Plant 24,430,596 Other Property and Investments 121 Nonutility Property 3, Accumulated Provision for Depreciation & Amortization of Nonutility Property (641) 123 & Investments in Associated & Subsidiary Companies 50, Other Investments 284, Special Funds 45, Long-Term Portion of Derivative Assets - Total Other Property and Investments 383,641

6 Attachment 7C Page 2 of 3 June 30, 2018 Current and Accrued Assets 131 Cash $ 14, Special Deposits 15, Working Funds Temporary Cash Investments Notes and Accounts Receivable 850, Accumulated Provision for Uncollectible Accounts - Credit (58,796) Receivables from Associated Companies 40, Materials and Supplies (incl. 163) 195, Allowances Gas Stored Underground - Current Prepayments 204, Interest and Dividends Receivable Rents Receivable 4, Accrued Utility Revenues 188, Miscellaneous Current and Accrued 5, Current Portion of Derivative Instrument Assets - Total Current and Accrued Assets 1,461,644 Deferred Debits 181 Unamortized Debt Expense 49, Unrec'd Plt and Reg Costs and Other Reg Assets 3,528, Preliminary Survey and Investigation Charges 17, Clearing Accounts Temporary Facilities Miscellaneous Deferred Debits 40, Research and Development Expenditures Unamortized Loss on Reacquired Debt 51, Accumulated Deferred Income Taxes 962,989 Total Deferred Debits 4,651,283 Total Assets and Other Debits $ 30,927,163

7 Attachment 7C Page 3 of 3 June 30, 2018 Liabilities and Other Credits Proprietary Capital 201 Common Stock Issued $ 892, Preferred Stock Issued Premium on Capital Stock Donations from Stockholders 2,080, Gain on Resale or Cancellation of Reaquired Capital Stock Miscellaneous Paid-In Capital Appropriated Retained Earnings Unappropriated Retained Earnings 7,484, Unappropriated Undistributed Subsidiary Earnings Other Comprehensive Income (435) Total Proprietary Capital 10,458,021 Long-Term Debt Bonds 8,958, Advances from Assoc. Co Unamortized Premium on Long-Term Debt Unamortized Discount on Long-Term Debt (23,156) Total Long-Term Debt 8,935,225 Other Non-Current Liabilities Other Non-current Liabilities 1,283, Long-Term Portion of Derivitive Instrument Liablilities Asset Retirement Obligation 214,082 Total Other Non-Current Liabilities 1,497,375 Current and Accrued Liabilities 231 Notes Payable 194, Accounts Payable 703, Payables to Associated Companies 147, Customer Deposits 92, Taxes Accrued 6, Interest Accrued 104, Dividends Declared Matured Long-Term Debt Tax Collections Payable 28, Miscellaneous Current and Accrued Liabilities 527, Obligations Under Capital leases Current Portion of Derivative Instrument Liabilities - Total Current and Accrued Liabilities 1,806,034 Deferred Credits 252 Customer Advances for Construction 45, Other Deferred Credits 387, Other Regulatory Liabilities 3,118, Accumulated Deferred Investment Tax Credits 135, Accumulated Deferred Income Taxes 4,542,321 Total Deferred Credits 8,230,508 Total Liabilities and Other Credits $ 30,927,163

8 Attachment 7D Page 1 of 1 REVENUE BY CLASS OF BUSINESS 12 MONTHS ENDING DECEMBER 31, 2017 (Thousands) Electric Operating Revenue Residential 1,910,413 Commercial 1,478,628 Industrial 152,182 Public Street & Highway Lighting 67,841 Interdepartmental Revenues 1,230 Sales for Resale 12,026 Forfeited Discounts 3,862 Miscellaneous Service Revenues 37,069 Rent from Electric Property 3,723 Other Electric Revenues 1,279 Total Revenue from Electric Distribution Sales 3,668,254 *Excludes Transmission Gas Operating Revenue Residential $1,071,883 Commercial $554,867 Industrial $52,989 Street & Yard Light Service $519 Cogeneration $6,600 Contract Service Gas $7,846 Interdepartmental Revenues $498 Forfeited Discounts $1,069 Miscellaneous Service Revenues $47,247 Other Gas Revenues $4,283 Total Revenue from Gas Distribution Sales $1,747,800

9 Attachment 7E Page 1 of 1 Public Service Electric & Gas Company Total Utility Payments or Accruals to Affiliates ($ THOUSANDS) Net Billing PSEG Services $ 617,725 $ 604,583 $ 553,486 PSEG Power 1,554,409 1,569,706 1,622,226 PSEG Long Island (820) (1,348) (1,420) PSEG Energy Holdings (741) (733) (736) PSEG Enterprise (96,757) (105,255) (87,092) Total Payments to Affiliates $ 2,073,816 $ 2,066,953 $ 2,086,463

10 Attachment 7F Page 1 of 1 Clean Energy Future - Energy Efficiency Accounting Entries Entry Acct. Description Debit Credit R1 To defer direct program expenditures. 182 Program Investment Regulatory Asset XXX 131 Cash XXX R2 R3 R4 R5 R6 To amortize direct program expenditures. 908 Customer Assistance Expenses XXX 182 Program Investment Regulatory Asset XXX To record capitalized IT per PSE&G capitalization policy. 303 Capitalized IT XXX 131 Cash XXX To amortize IT costs over appropriate book life. 404 Amortization Expense XXX 111 Accumulated Amoritization XXX To record incremental admin. costs. 908 Customer Assistance Expenses XXX 131 Cash XXX To record expenditure reimbursements or repayments 131 Cash XXX 908 Customer Assistance Expenses XXX R7 R8 R9 To record the monthly Clean Energy Future Energy Efficiency revenues. 142 Customer Accounts Receivable XXX 400 Operating Revenues XXX To record any over/ under recovery. 182 Regulatory Asset - Clean Energy Future Energy Efficiency XXX 908 Customer Assistance Expenses XXX XXX 254 Regulatory Liabilities XXX To record cost of capital on any over/ under recovered balance. 182 Regulatory Asset - Clean Energy Future Energy Effiency XXX 419 Other Income XXX XXX 431 Interest Expense XXX XXX 254 Regulatory Liabilities XXX