PEG » Topics » PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED Capitalization Schedule (Unaudited, $ Millions)

This excerpt taken from the PEG 8-K filed Oct 28, 2009.

PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED
Capitalization Schedule
(Unaudited, $ Millions)

 

 

 

 

 

 

 

 

 

 

September 30,
2009

 

December 31,
2008

 

DEBT

 

 

 

 

 

 

 

Commercial Paper and Loans

 

$

243

 

$

19

 

Long-Term Debt (a)

 

 

6,775

 

 

7,180

 

Securitization Debt (a)

 

 

1,395

 

 

1,530

 

Project Level, Non-Recourse Debt (a)

 

 

44

 

 

328

 

Total Debt

 

 

8,457

 

 

9,057

 

 

 

 

 

 

 

 

 

SUBSIDIARY’S PREFERRED STOCK WITHOUT MANDATORY REDEMPTION

 

 

80

 

 

80

 

 

 

 

 

 

 

 

 

STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

 

Common Stock

 

 

4,780

 

 

4,756

 

Treasury Stock

 

 

(587

)

 

(581

)

Retained Earnings

 

 

4,523

 

 

3,773

 

Accumulated Other Comprehensive Loss

 

 

(31

)

 

(177

)

Total Common Stockholders’ Equity

 

 

8,685

 

 

7,771

 

Noncontrolling Interests - Equity Investments

 

 

10

 

 

11

 

Total Equity

 

 

8,695

 

 

7,782

 

Total Capitalization

 

$

17,232

 

$

16,919

 

This excerpt taken from the PEG 8-K filed Jul 31, 2009.

PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED
Capitalization Schedule
(Unaudited, $ Millions)

 

 

 

 

 

 

 

 

 

 

June 30,
2009

 

December 31,
2008

 

 

 

 

 

 

 

 

 

DEBT

 

 

 

 

 

 

 

Commercial Paper and Loans

 

$

333

 

$

19

 

Long-Term Debt (a)

 

 

7,064

 

 

7,180

 

Securitization Debt (a)

 

 

1,442

 

 

1,530

 

Project Level, Non-Recourse Debt (a)

 

 

45

 

 

328

 

Total Debt

 

 

8,884

 

 

9,057

 

 

 

 

 

 

 

 

 

SUBSIDIARY’S PREFERRED STOCK WITHOUT MANDATORY REDEMPTION

 

 

80

 

 

80

 

 

 

 

 

 

 

 

 

STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

 

Common Stock

 

 

4,772

 

 

4,756

 

Treasury Stock

 

 

(587

)

 

(581

)

Retained Earnings

 

 

4,204

 

 

3,773

 

Accumulated Other Comprehensive Loss

 

 

 

 

(177

)

Total Common Stockholders’ Equity

 

 

8,389

 

 

7,771

 

Noncontrolling Interests - Equity Investments

 

 

10

 

 

11

 

Total Equity

 

 

8,399

 

 

7,782

 

Total Capitalization

 

$

17,363

 

$

16,919

 

This excerpt taken from the PEG 8-K filed May 4, 2009.

PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED
Capitalization Schedule
(Unaudited, $ Millions)

 

 

 

 

 

 

 

 

 

 

March 31,
2009

 

December 31,
2008

 

 

 

 

 

 

 

DEBT

 

 

 

 

 

 

 

Commercial Paper and Loans

 

$

 

$

19

 

Long-Term Debt (a)

 

 

7,380

 

 

7,180

 

Securitization Debt (a)

 

 

1,487

 

 

1,530

 

Project Level, Non-Recourse Debt (a)

 

 

47

 

 

328

 

 

 

   

 

   

 

Total Debt

 

 

8,914

 

 

9,057

 

 

 

 

 

 

 

 

 

SUBSIDIARY’S PREFERRED STOCK WITHOUT MANDATORY REDEMPTION

 

 

80

 

 

80

 

 

 

   

 

   

 

STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

 

Common Stock

 

 

4,764

 

 

4,756

 

Treasury Stock

 

 

(583

)

 

(581

)

Retained Earnings

 

 

4,049

 

 

3,773

 

Accumulated Other Comprehensive Loss

 

 

(31

)

 

(177

)

 

 

   

 

   

 

Total Common Stockholders’ Equity

 

 

8,199

 

 

7,771

 

Noncontrolling Interest - Equity Investments

 

 

10

 

 

11

 

 

 

   

 

   

 

Total Equity

 

 

8,209

 

 

7,782

 

 

 

   

 

   

 

Total Capitalization

 

$

17,203

 

$

16,919

 

 

 

   

 

   

 

This excerpt taken from the PEG 8-K filed May 6, 2008.

PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED
Capitalization Schedule
(Unaudited, $ Millions)

 

 

 

 

 

 

 

 

 

 

March 31,
2008

 

December 31,
2007

 

 

 


 


 

DEBT

 

 

 

 

 

 

 

Commercial Paper and Loans

 

$

128

 

$

65

 

Long-Term Debt (a)

 

 

6,980

 

 

7,690

 

Securitization Debt (a)

 

 

1,668

 

 

1,708

 

Project Level, Non-Recourse Debt (a)

 

 

373

 

 

387

 

 

 



 



 

Total Debt

 

 

9,149

 

 

9,850

 

 

 

 

 

 

 

 

 

SUBSIDIARY’S PREFERRED SECURITIES

 

 

80

 

 

80

 

 

 



 



 

 

 

 

 

 

 

 

 

COMMON STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

 

Common Stock

 

 

4,742

 

 

4,732

 

Treasury Stock

 

 

(483

)

 

(478

)

Retained Earnings

 

 

3,523

 

 

3,261

 

Accumulated Other Comprehensive Loss

 

 

(436

)

 

(216

)

 

 



 



 

Total Common Stockholders’ Equity

 

 

7,346

 

 

7,299

 

 

 



 



 

Total Capitalization

 

$

16,575

 

$

17,229

 

 

 



 



 

This excerpt taken from the PEG 8-K filed Feb 1, 2008.

PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED
Capitalization Schedule
(Unaudited, $ Millions)

 

 

 

 

 

 

 

 

 

 

December 31,
2007

 

December 31,
2006

 

 

 


 


 

DEBT

 

 

 

 

 

 

 

Commercial Paper and Loans

 

$

65

 

$

381

 

Long-Term Debt (Note 1)

 

 

7,690

 

 

7,798

 

Securitization Debt (Note 1)

 

 

1,708

 

 

1,879

 

Project Level, Non-Recourse Debt (Note 1)

 

 

387

 

 

599

 

Debt Supporting Trust Preferred Securities (Note 1)

 

 

-

 

 

660

 

 

 



 



 

Total Debt

 

 

9,850

 

 

11,317

 

 

 

 

 

 

 

 

 

SUBSIDIARY’S PREFERRED SECURITIES

 

 

80

 

 

80

 

 

 



 



 

 

 

 

 

 

 

 

 

COMMON STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

 

Common Stock

 

 

4,729

 

 

4,661

 

Treasury Stock

 

 

(475

)

 

(516

)

Retained Earnings

 

 

3,262

 

 

2,711

 

Accumulated Other Comprehensive Loss

 

 

(140

)

 

(108

)

 

 



 



 

Total Common Stockholders’ Equity

 

 

7,376

 

 

6,748

 

 

 



 



 

Total Capitalization

 

$

17,306

 

$

18,145

 

 

 



 



 

This excerpt taken from the PEG 8-K filed Nov 1, 2007.

PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED
Capitalization Schedule
(Unaudited, $ Millions)

 

 

 

 

 

 

 

 

 

 

September 30,
2007

 

December 31,
2006

 

 

 


 



DEBT

 

 

 

 

 

 

 

Commercial Paper and Loans

 

$

204

 

$

381

 

Long-Term Debt (Note 1)

 

 

7,664

 

 

7,798

 

Securitization Debt (Note 1)

 

 

1,758

 

 

1,879

 

Project Level, Non-Recourse Debt (Note 1)

 

 

920

 

 

777

 

Debt Supporting Trust Preferred Securities (Note 1)

 

 

660

 

 

660

 

 

 



 



 

Total Debt

 

 

11,206

 

 

11,495

 

 

 

 

 

 

 

 

 

SUBSIDIARY’S PREFERRED SECURITIES

 

 

80

 

 

80

 

 

 



 



 

 

 

 

 

 

 

 

 

COMMON STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

 

Common Stock

 

 

4,723

 

 

4,661

 

Treasury Stock

 

 

(471

)

 

(516

)

Retained Earnings

 

 

3,186

 

 

2,711

 

Accumulated Other Comprehensive Loss

 

 

(127

)

 

(108

)

 

 



 



 

Total Common Stockholders’ Equity

 

 

7,311

 

 

6,748

 

 

 



 



 

Total Capitalization

 

$

18,597

 

$

18,323

 

 

 



 



 

Note 1: Includes amounts due within one year

Note 2:

PSEG’s credit agreements contain covenants that require PSEG’s debt to capitalization ratio not to exceed 70.0% at any time.

This ratio is presented for the benefit of the investors and the related securities to which the covenants apply and is not intended as a financial performance or liquidity measure.

2007

The debt to capitalization ratio calculated under PSEG’s credit agreements as of September 30, 2007 was 48.6%.

The ratio as calculated pursuant to these covenants excludes non-recourse project debt ($920 million), securitization debt ($1.758 billion) and Debt Supporting Trust Preferred Securities ($660 million).
It also includes capital lease obligations ($48 million) and certain other obligations such as guarantees and letters of credit ($87 million), excluding any letters of credit related to collateral posting on energy/commodity contracts. The calculation excludes the equity reduction ($215 million) from the funded status of the pension and benefit plans associated with FAS 158 “Employers’ Accounting for Defined Pension and Other Post-Retirement Plans” which was recorded in 2006 and excludes the Accumulated Other Comprehensive Loss ($201 million) related to the mark-to-market of energy contracts.

2006

The debt to capitalization ratio calculated under PSEG’s credit agreements as of December 31, 2006 was 51.6%.

The ratio as calculated pursuant to these covenants excludes non-recourse project debt ($777 million), securitization debt ($1.879 billion) and Debt Supporting Trust Preferred Securities ($660 million).
It also includes capital lease obligations ($50 million) and certain other obligations such as guarantees and letters of credit ($106 million), excluding any letters of credit related to collateral posting on energy/commodity contracts. The calculation excludes the equity reduction ($226 million) from the funded status of the pension and benefit plans associated with FAS 158 “Employers’ Accounting for Defined Pension and Other Post-Retirement Plans” which was recorded in 2006 and excludes the Accumulated Other Comprehensive Loss ($108 million) related to the mark-to-market of energy contracts.


This excerpt taken from the PEG 8-K filed Aug 1, 2007.

PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED
Capitalization Schedule
(Unaudited, $ Millions)

 

 

 

 

 

 

 

 

 

 

June 30,
2007

 

December 31,
2006

 

 

 


 


 

DEBT

 

 

 

 

 

 

 

Commercial Paper and Loans

 

$

345

 

$

381

 

Long-Term Debt (Note 1)

 

 

7,660

 

 

7,798

 

Securitization Debt (Note 1)

 

 

1,801

 

 

1,879

 

Project Level, Non-Recourse Debt (Note 1)

 

 

752

 

 

777

 

Debt Supporting Trust Preferred Securities (Note 1)

 

 

660

 

 

660

 

 

 



 



 

Total Debt

 

 

11,218

 

 

11,495

 

 

 

 

 

 

 

 

 

SUBSIDIARY’S PREFERRED SECURITIES

 

 

80

 

 

80

 

 

 



 



 

 

 

 

 

 

 

 

 

COMMON STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

 

Common Stock

 

 

4,710

 

 

4,661

 

Treasury Stock

 

 

(479

)

 

(516

)

Retained Earnings

 

 

2,829

 

 

2,711

 

Accumulated Other Comprehensive Loss

 

 

(213

)

 

(108

)

 

 



 



 

Total Common Stockholders’ Equity

 

 

6,847

 

 

6,748

 

 

 



 



 

Total Capitalization

 

$

18,145

 

$

18,323

 

 

 



 



 

Note 1: Includes amounts due within one year

Note 2:

PSEG’s credit agreements contain covenants that require PSEG’s debt to capitalization ratio not to exceed 70.0% at any time.

This ratio is presented for the benefit of the investors and the related securities to which the covenants apply and is not intended as a financial performance or liquidity measure.

2007

The debt to capitalization ratio calculated under PSEG’s credit agreements as of June 30, 2007 was 50.3%.

The ratio as calculated pursuant to these covenants excludes non-recourse project debt ($752 million), securitization debt ($1.801 billion) and Debt Supporting Trust Preferred Securities ($660 million).

It also includes capital lease obligations ($55 million) and certain other obligations such as guarantees and letters of credit ($103 million), excluding any letters of credit related to collateral posting on energy/commodity contracts.

The calculation excludes the equity reduction ($205 million) from the funded status of the pension and benefit plans associated with FAS 158 “Employers’ Accounting for Defined Pension and Other Post-Retirement Plans” which was recorded in 2006 and excludes the Accumulated Other Comprehensive Loss ($254 million) related to the mark-to-market of energy contracts.

2006
The debt to capitalization ratio calculated under PSEG’s credit agreements as of December 31, 2006 was 51.6%.

The ratio as calculated pursuant to these covenants excludes non-recourse project debt ($777 million), securitization debt ($1.879 billion) and Debt Supporting Trust Preferred Securities ($660 million).

It also includes capital lease obligations ($50 million) and certain other obligations such as guarantees and letters of credit ($106 million), excluding any letters of credit related to collateral posting on energy/commodity contracts.

The calculation excludes the equity reduction ($226 million) from the funded status of the pension and benefit plans associated with FAS 158 “Employers’ Accounting for Defined Pension and Other Post-Retirement Plans” which was recorded in 2006 and excludes the Accumulated Other Comprehensive Loss ($108 million) related to the mark-to-market of energy contracts.


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