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,	2017		2016		2015		2014		2013
	Millions, except Earnings per Share
Operating Revenues (A)	$	9,084	$	9,061	$	10,415	$	10,886	$	9,968
Income from Continuing Operations (B)(C)	$	1,574	$	887	$	1,679	$	1,518	$	1,243
Net Income (B)(C)	$	1,574	$	887	$	1,679	$	1,518	$	1,243
Earnings per Share:
Income from Continuing Operations
Basic	$	3.12	$	1.76	$	3.32	$	3.00	$	2.46
Diluted	$	3.10	$	1.75	$	3.30	$	2.99	$	2.45
Net Income
Basic	$	3.12	$	1.76	$	3.32	$	3.00	$	2.46
Diluted	$	3.10	$	1.75	$	3.30	$	2.99	$	2.45
Dividends Declared per Share	$	1.72	$	1.64	$	1.56	$	1.48	$	1.44
As of December 31,
Total Assets	$	42,716	$	40,070	$	37,535	$	35,287	$	32,480
Long-Term Obligations (D)	$	12,071	$	10,897	$	8,837	$	8,218	$	7,830


(A)	Operating Revenues for 2017, 2016 and 2015 includes $438 million, $410 million and $375 million, respectively, for Long Island Electric Utility Servco, LLC (Servco), a wholly owned subsidiary of PSEG LI. See Item 8. Financial Statements and Supplementary Data—Note 4. Variable Interest Entity for additional information.


(B)	Income from Continuing Operations and Net Income for 2017 and 2016 includes after-tax expenses of $577 million and $396 million, respectively, related to the early retirement of Power’s Hudson and Mercer coal/gas generation plants and after-tax charges for 2017 and 2016 totaling $45 million and $92 million, respectively, related to investments in REMA’s leveraged leases 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 2017.

(B)

Income from Continuing Operations and Net Income for 2017 and 2016 includes after-tax expenses of $577 million and $396 million, respectively, related to the early retirement of Power’s Hudson and Mercer coal/gas generation plants and after-tax charges for 2017 and 2016 totaling $45 million and $92 million, respectively, related to investments in REMA’s leveraged leases 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 2017.


(C)	Income from Continuing Operations and Net Income for 2017, include the non-cash net income benefit of $745 million, primarily resulting from the remeasurement of deferred tax liabilities required due to the enactment of the Tax Act in December 2017. See Item 8. Financial Statements and Supplementary Data—See Note 20. Income Taxes for additional information for 2017.


(D)	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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