Public Service Enterprise (PEG) 10-K2016 FY Annual report

Filed: 27 Feb 17, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

New words: abide, abroad, abut, advocacy, AEP, AICPA, array, authoritative, awaiting, aware, battery, Bison, bolt, capita, chain, channel, Chemical, Coast, competitor, composed, concerted, Concurrent, condensed, covenant, Dayton, debated, decedent, defeat, defeated, delineate, dielectric, difficulty, disaggregated, distressed, diverted, effectuating, eroded, Ewing, exact, exert, expedient, explosion, Family, FASB, fatality, FCA, FE, feeder, fifteenth, fluid, forego, Fork, FTR, good, Guard, hardware, hot, impede, inaction, Incidental, indemnification, indemnify, ineffective, ineligible, inside, inspect, inspection, intermediate, intermittent, interval, introduce, introduction, Isabel, layer, Leidy, length, lengthy, majeure, Mason, McCoy, mediation, merged, merging, mild, milder, mineral, MSCI, NADC, NAV, navigation, NERG, newer, Newport, nineteen, Nodal, NOPR, obsolete, Occidental, overseeing, oversupply, Pavant, platform, presidential, pretax, procedure, proportion, prorated, protracted, proven, PUCO, quantifying, quorum, rapidly, ratified, rebuild, redeemable, revealed, revocation, rider, rooftop, ROS, salary, sampling, scoring, Sewerage, shortened, shortening, slower, smart, software, sound, southeastern, spare, stop, substantive, subsurface, succeed, successor, tar, terawatt, thick, thirteen, threatened, timeline, townhouse, tracking, transformer, unaffiliated, unanticipated, unplanned, unrelated, unseasonable, unusually, vegetation, vessel, vigorously, visual, voluntarily, VV, Wheeling, withholding, worsen, worsening, write, Wrongful, zonal

Removed: adding, affirmed, applicability, backing, BBB, blanket, boiling, Braidwood, broadest, budget, BWR, Byron, CIP, circle, Clinton, colder, computing, constitutional, defaulted, deferring, demonstrate, devote, directorate, disparate, disputed, Dresden, EMP, encryption, Excise, expiring, filtration, fiscal, Fitch, found, functional, greatest, hardened, housing, illustrative, impair, interface, interlocking, international, interpolate, interpretation, jurisdictional, La, LCAPP, lessening, Limerick, mark, mathematical, misuse, monetizing, northern, null, Oyster, presently, prioritization, priority, Quad, quote, ranked, recession, renewed, rent, resell, retaining, revoke, Salle, satisfaction, securing, shared, significance, situational, size, social, sooner, stake, Superior, surge, sustain, task, Taxpayer, TEFA, Tier, transmit, unavailability, unconstrained, unfavorable, union, unmitigated, unreimbursed, unvested, uprate, upward, vehicle, vigilant, void, voting

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Related press release

PEG similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing

EXHIBIT 12a

PSEG POWER LLC

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES




	Years Ended
	December 31,
	2016			2015			2014		2013			2012

Earnings as Defined in Regulation S-K (A):
Pre-tax Income from Continuing Operations	$	(43	)	$	1,367		$	1,251	$	1,063		$	1,099
(Income) Loss from Equity Investees, net of Distributions	7			1			3		(10		)	(6		)
Fixed Charges	142			152			150		143			164
Capitalized Interest	11			(1		)	1		1			(6		)
Total Earnings	$	117		$	1,519		$	1,405	$	1,197		$	1,251
Fixed Charges as Defined in Regulation S-K (B)
Interest Expense	$	138		$	148		$	146	$	139		$	161
Interest Factor in Rentals	4			4			4		4			3
Total Fixed Charges	$	142		$	152		$	150	$	143		$	164

Ratio of Earnings to Fixed Charges (C)	0.82			9.99			9.37		8.37			7.63


(A)	The term “earnings” shall be defined as pre-tax Income from Continuing Operations before income or loss from equity method investees plus distributed income from equity investees. Add to pre-tax income the amount of fixed charges adjusted to exclude the amount of any interest capitalized during the period.


(B)	Fixed Charges represent (a) interest, whether expensed or capitalized, (b) amortization of debt discount, premium and expense, and (c) an estimate of interest implicit in rentals.


(C)	The ratio of earnings to fixed charges for the year ended December 31, 2016, was 0.82, as noted above, which represents a deficiency of $25 million.