Item 6. SELECTED FINANCIAL DATA

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Item 6. SELECTED FINANCIAL DATA

PSEG

The information presented below should be read in conjunction with the MD&A and the Consolidated Financial Statements and Notes to Consolidated Financial Statements (Notes).




PSEG
Years Ended December 31,	2016		2015		2014		2013		2012
	Millions, except Earnings per Share
Operating Revenues (A)	$	9,061	$	10,415	$	10,886	$	9,968	$	9,781
Income from Continuing Operations (B)	$	887	$	1,679	$	1,518	$	1,243	$	1,275
Net Income	$	887	$	1,679	$	1,518	$	1,243	$	1,275
Earnings per Share:
Income from Continuing Operations
Basic (A)	$	1.76	$	3.32	$	3.00	$	2.46	$	2.52
Diluted (A)	$	1.75	$	3.30	$	2.99	$	2.45	$	2.51
Net Income
Basic	$	1.76	$	3.32	$	3.00	$	2.46	$	2.52
Diluted	$	1.75	$	3.30	$	2.99	$	2.45	$	2.51
Dividends Declared per Share	$	1.64	$	1.56	$	1.48	$	1.44	$	1.42
As of December 31,
Total Assets	$	40,070	$	37,535	$	35,287	$	32,480	$	31,694
Long-Term Obligations (C)	$	10,897	$	8,837	$	8,218	$	7,830	$	6,670


(A)	Operating Revenues for 2016, 2015 and 2014 includes $410 million, $375 million and $389 million, respectively, for Long Island Electric Utility Servco, LLC (Servco), a wholly owned subsidiary of PSEG Long Island LLC (PSEG LI). See Item 8. Financial Statements and Supplementary Data—Note 4. Variable Interest Entities for additional information.


(B)	Income from Continuing Operations includes after-tax expenses of $396 million related to the early retirement of Power’s Hudson and Mercer coal/gas generation plants and after-tax charges totaling $92 million related to investments in NRG REMA, LLC’s leveraged leases for 2016 and an after-tax insurance recovery for Superstorm Sandy of $102 million for 2015. See Item 8. Financial Statements and Supplementary Data—Note 3. Early Plant Retirements, Note 7. Long-Term Investments and Note 8. Financing Receivables for additional information for 2016.

(B)

Income from Continuing Operations includes after-tax expenses of $396 million related to the early retirement of Power’s Hudson and Mercer coal/gas generation plants and after-tax charges totaling $92 million related to investments in NRG REMA, LLC’s leveraged leases for 2016 and an after-tax insurance recovery for Superstorm Sandy of $102 million for 2015. See Item 8. Financial Statements and Supplementary Data—Note 3. Early Plant Retirements, Note 7. Long-Term Investments and Note 8. Financing Receivables for additional information for 2016.


(C)	Includes capital lease obligations.

PSE&G and Power

Omitted pursuant to conditions set forth in General Instruction I of Form 10-K.

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